VantagePoint/Market Technologies software?

This is a discussion on VantagePoint/Market Technologies software? within the Trading Systems forums, part of the Methods category; Originally Posted by Aceandking HI do you still use vantage point is it worth buying how long after you bought ...

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Old Nov 26, 2008, 6:11pm   #11
Joined Oct 2006
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Originally Posted by Aceandking View Post
HI do you still use vantage point is it worth buying
how long after you bought the program did you make your money back.
kind regards
AceandKing
AceandKing,

VP is just a number of moving averages,the 'predicted difference indicators' are just the differences between certain sets of moving averages and the neural index is just an average of previous days prices.

I cant rule out the possibility that someone could make money using it but the vast majority of people do not. I tested it for 1 1/2 years and got nowhere. You be better trying to work out a system using MACD or Stochastics, at least theyre free.

What I can say for certain is that it does not do what it is advertised to do, in fact I doubt very much if it does any intermarket analysis at all. The neural index is their flagship indicator and the only one they make any accuracy claims for.

If you actually read their accuracy claims they dont claim to predict the next days direction with 80% accuracy. I spent about ten minutes in excel one day and was able to replicate the NI with over 90% accuracy just doing averages of previous days OHLC etc. I read elsewhere that someone was able to turn off the intermarket analysis and he got exactly the same results as he did with it on (I havnt done this myself but am investigating it further).

Sadly some people will ignore all the warnings and buy it anyhow. The following is the list of excuses youll get when you cant make money with it.
1. You need to study it more.
2. You obviously are not an experienced trader, you need to learn to trade before you learn VP
3. The market is currently experiencing unprecedented volatility.
4. You need to buy more markets to diversify a bit.
5. You need the latest upgrade, its much better
6. The strategies we gave you were for version 6.4

and so on,

Last edited by pboyles; Nov 26, 2008 at 6:16pm.
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Old Nov 27, 2008, 7:39am   #12
Joined Jul 2008
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Originally Posted by pboyles View Post
AceandKing,

VP is just a number of moving averages,the 'predicted difference indicators' are just the differences between certain sets of moving averages and the neural index is just an average of previous days prices.

I cant rule out the possibility that someone could make money using it but the vast majority of people do not. I tested it for 1 1/2 years and got nowhere. You be better trying to work out a system using MACD or Stochastics, at least theyre free.

What I can say for certain is that it does not do what it is advertised to do, in fact I doubt very much if it does any intermarket analysis at all. The neural index is their flagship indicator and the only one they make any accuracy claims for.

I am not promoting VP but I totaly dissagree. I am getting excellent signals on FX. I really don't understand why so many others are going wrong with it. Maybe its the sales person giving bad advice or something. I have been sending predictions on the AUD/JPY to a bank friend in Singapore who only trades that currency and thinks the predictions are very good. He does not know its from VP either.

If you actually read their accuracy claims they dont claim to predict the next days direction with 80% accuracy. I spent about ten minutes in excel one day and was able to replicate the NI with over 90% accuracy just doing averages of previous days OHLC etc. I read elsewhere that someone was able to turn off the intermarket analysis and he got exactly the same results as he did with it on (I havnt done this myself but am investigating it further).

Sadly some people will ignore all the warnings and buy it anyhow. The following is the list of excuses youll get when you cant make money with it.
1. You need to study it more.
2. You obviously are not an experienced trader, you need to learn to trade before you learn VP
3. The market is currently experiencing unprecedented volatility.
4. You need to buy more markets to diversify a bit.
5. You need the latest upgrade, its much better
6. The strategies we gave you were for version 6.4

and so on,
Do you own the lastest version of VP?

I am not prmoting it nor am i critising it, why because i can not due to the fact it is giving me excellent signals on FX . I totally agree with VP that their claim of 80% accuratcy to be pretty spot on. But a times it does get it wrong, like everyone and all software does, nothing is 100%

If you want, give me a cuurency that VP uses and I will post the predictions and results. I have nothing to loose but time.

Have a look what i wrote about Forexautopilot, Now thats a load of crap.
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Old Nov 27, 2008, 11:51am   #13
Joined Oct 2006
patong,

Sadly it seems that most software products are pretty useless, I also tried ablesys and trialed a few others. I think the only way to use any of them is with another method and even then it's doubtful if any of them are value for money. If you can use VP to your advantage then good luck to you. I have 7.1 and had the 2 versions before that as well. I was active on traderchat.com for well over a year, there was nothing we could find that worked over time. It was actually very easy to find something in backtesting but they all failed going forward.

Last edited by pboyles; Nov 27, 2008 at 12:32pm.
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Old Nov 27, 2008, 3:51pm   #14
Joined Jul 2008
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Originally Posted by pboyles View Post
patong,

Sadly it seems that most software products are pretty useless, I also tried ablesys and trialed a few others. I think the only way to use any of them is with another method and even then it's doubtful if any of them are value for money. If you can use VP to your advantage then good luck to you. I have 7.1 and had the 2 versions before that as well. I was active on traderchat.com for well over a year, there was nothing we could find that worked over time. It was actually very easy to find something in backtesting but they all failed going forward.
I can only say I am making good money from VP. If you were not, i just don't know why. If you have the same versions as myself i just can not see how you arn't. Its only a tool in my shed and it works for me. Like I said before if you want me to forward a currency signal etc from VP I can. i JUST DO NOT KNOW WHY YOU COULDN'T MAKE IT WORK FOR YOU.

Cheers,
p
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Old Nov 27, 2008, 7:45pm   #15
Joined Oct 2006
Patong,

I'd be happy to try your VP system if you can post it
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Old Nov 29, 2008, 4:07am   #16
Joined Jul 2008
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Patong,

I'd be happy to try your VP system if you can post it
EUD/AUD @ 1.9650 Stop now 1.9691 end of week close 1.9394

Closed EUD/USD 380 pips profit.

EUD/AUD Short @ 1.9394 stop 1.9700, will re-enter on Monday, pending other indicators confirmations. Looks good though.

Still Long the GPB/USD from 24/11/08 @ 1.5170 Stop now 1.5340 , closed for the 1.5377, needs to break 1.5500

AUD/CAD looks promising but would like to see a break of 8200. presently at first level resistance .8135.

pboyles , my entry stategy has been already posted somewhere here. Consist of for rules

1. Neural = 1 for long 0 short.

2. predicted differences must be above the zero on a preferred 45 drgree angle and vice vers for a short

3 pre high and low must be above/below the actual s, pending on long or short.

4. want to see a crossover and it MUST cross. Actual/ Predicted on the chart.

I do have other methods, but this seem to work well and is basic.

Also I read that another person on this forum was informed to wait for Instrument being traded to get near the predicted high/low before entry. Even though I have done this myself the Staff at VP have always advised against this..
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Old Nov 29, 2008, 11:10am   #17
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Patong

Which crossover are you using, short, medium or long term?
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Old Nov 30, 2008, 3:50am   #18
Joined Jul 2008
Pboyes,

Using the medium.

Cheers.
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Old Dec 1, 2008, 2:48pm   #19
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Pboyes,

Using the medium.

Cheers.
Patong,

Entries are simple enough, could probably backtest them in excel, what about stops and take profits though, obviously thats a big part of any system.
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Old Dec 2, 2008, 5:51am   #20
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Patong,

Entries are simple enough, could probably backtest them in excel, what about stops and take profits though, obviously thats a big part of any system.
It all depends on your account size and risk factor. Also very important; is there any major news releases due. No system can predict a news item.

On a long entry of the daily chart I will use the predicted low as a stop and predicted high as a stop on the short. They generally tend to be around the 80 pip mark, need to give it room to breath so you can catch the trend without be stop hunted etc. If that seems to big a stoploss I will change position size or timeframe to something acceptable. Everyone is different. If you try to use VP on Indices you need to use the short term crossover I have found the best.

Exits. If i am happy with my profit I will exit at that point, volitility has alot to do with it. You have to use a number of technics , candles, support , resistance. Trailing stops, Volitility.

I think the problem is the way VP is marketed and people think its the whole package where in fact its only a very useful tool. Some people don,t even like it as a tool. It can be a monster in the wrong hands.

If my four rules are not met I just pass it by and wait. You can get into trouble trying to create something from nothing.
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