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I was using VSA5 & VSA7. Quite similar to tradeguider I believe, except that some of the arrows have now become bars. I was using the EOD version for US stocks, and getting my data from Stockwiz.com.
I am not sure what you mean by the "signal at the far end of the chart". It's a while since I used the program. Is that the one they call the "heat indicator" which goes up & down like a thermometer, either red or green or somewhere in the middle ? If so, I didn't use it. All I used were the red & green arrows on the chart itself, and also to a lesser degree the red/green bars. It may have been different then because with VSA5 most of the red & green arrows used to be issued when the CURRENT bar was finished. However, with VSA7 I noticed that many arrows were only issued for the PREVIOUS bar, which I didn't like. I presume that Tradeguider does the latter ?
I paper traded the system (VSA5) for 2 months. The result was Shorts - 90% wins, longs - 50% wins. Average winner - 2.0%, average loser - 1.4%. At the time the market was going down. Then I traded for real for 4 months, just as the market started going up again. Result was Longs - 75% wins, shorts - 50% wins. However, the average winner & loser weren't as good as before & I ended up all square, which was mainly my fault, as I didn't control my risk very well at this time, and had I used better entry & exit strategies & risk management I would have done a lot better.
At this time I stopped using VSA as some more fees were due, which I didn't want to pay. Also at that time I started day trading using other methods.
I think it is important not to count the number of winners versus losers, but rather the overall size of the winning $ versus losing $. Also to look very closely at your exit strategy and risk taken, not just your entry. VSA only really dos the former.
I think that Tom Williams runs some one day seminars in the UK where the software is demonstrated live.
Good luck
rog1111
