Power of MTP for ES wave Count | Trading Reviews and Vendors


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Power of MTP for ES wave Count

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I looked at it as well, and it's a fine piece of work but the true beauty of it is the risk/reward money management system and how it lays everything out, that is fantastic work. The counting waves.... not so much... lol

Mike

18 months later, I stumbled across this again.

MTPredictor | MTPRT add-ons for NinjaTrader 7

I still have to admit I like the R/R part of MTP. It's been a long time since I demoed the software, but I remember the R/R part even 2+ years ago as being something I really liked.

I understand it seems to set targets based on waves and pre-determined ratios.

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$2,000 for a risk/reward system is too much for me to even consider. I guess if you are a wave guy then maybe the $2,000 is more appealing to you, as it is my understanding very few tools accurately account for waves (I believe there is a reason for that....)

I wish more people would focus on building these R/R tools and less on trying to predict where price will go next with some new indicator.

Mike

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