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Long time trader reviews MTPredictor
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Long time trader reviews MTPredictor

  #31 (permalink)
Elite Member
Istanbul, Turkey
 
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Big Mike View Post
It isn't against futures.io (formerly BMT) policy for vendors to ask their users to write reviews.

And you have to understand a lot of people may place value on this product even if you or I would not. I would personally suggest people read the Random Line Theory thread and watch Adam's webinar on randomness, but even that provokes a lot of arguments.

It's human nature.

Sent from my phone

I hear you. It's also human nature to protect the young. I suppose when see threads like this, I think of how in the past with less experience I might have been drawn in.

I reiterate my credit for the product as well. Something that graphically places trades in the market context is a good thing, especially for newer traders.

Just not something worth anything near 2k. But let's not make Datahogg grab more Kleenex!

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  #32 (permalink)
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Just an opinion....
I've been using MTP for several years now. It's fine as training wheels and perhaps more than that. It is sometimes uncanny how well it finds trades on ES, and it has helped me make good profits. But in the end, it's an indicator, a good one, but just an indicator. The only issue I have with it, is that the code output is completely closed. None of it can be used in any custom NT strategies or other indicators. Therefore, can't be used in any back-testing either. For me as an NinjaTrader user, not being able to blend it with any other indicators or strategies, is almost a show-stopper. I do not understand why the vendor chooses to keep the signals closed off from the rest of NT. In my mind MTP has the potential to really enhance a trading strategy and MTP could very likely generate a whole ecosystem of community users creating powerful strategies with it; further increasing MTP sales.


Last edited by vchase; April 9th, 2015 at 05:43 AM.
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  #33 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
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vchase View Post
Just an opinion....
I've been using MTP for several years now. It's fine as training wheels and perhaps more than that. It is sometimes uncanny how well it finds trades on ES, and it has helped me make good profits. But in the end, it's an indicator, a good one, but just an indicator. The only issue I have with it, is that the code output is completely closed. None of it can be used in any custom NT strategies or other indicators. Therefore, can't be used in any back-testing either. For me as an NinjaTrader user, not being able to blend it with any other indicators or strategies, is almost a show-stopper. I do not understand why the vendor chooses to keep the signals closed off from the rest of NT. In my mind MTP has the potential to really enhance a trading strategy and MTP could very likely generate a whole ecosystem of community users creating powerful strategies with it; further increasing MTP sales.

Actually I think a couple of moving averages can work as well as or better than the MTP system.

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  #34 (permalink)
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datahogg View Post
Actually I think a couple of moving averages can work as well as or better than the MTP system.

Same can be said for probably all other indicators.
Or even better .... a trend line, an understanding of market maths, a cup of coffee and good concentration.

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  #35 (permalink)
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Another good set of indicators that covers similar setups is the PriceActionSwing suite of three indicators.

https://futures.io/local_links.php?catid=26&linkid=57

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  #36 (permalink)
Trading Apprentice
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datahogg View Post
I purchased the MT Predictor and the Trade Module.

Besides purchasing the item you must pay some sort of tax because the business is in England vs US.

For me this was a complete waste of money. The canned signals were more often wrong than right.
The analysis was completely subjective.

On a positive note, I am doing well using Ron99's methods of selling options on futures.



Not sure what you mean by paying tax. If you are in England ( and mainland Europe) you pay a Goods and Service tax, nothing to do with MTP.
Anywhere else , you pay no tax.

You probably haven't spend the time to learn the system. It clearly states that some signals need to be ignored.

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  #37 (permalink)
World'sWorstTrader
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toatrader View Post
Not sure what you mean by paying tax. If you are in England ( and mainland Europe) you pay a Goods and Service tax, nothing to do with MTP.
Anywhere else , you pay no tax.

You probably haven't spend the time to learn the system. It clearly states that some signals need to be ignored.



"some signals need to be ignored" OK which ones? You could do better by throwing darts
at a dart board.

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  #38 (permalink)
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Sydney Auatralia
 
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datahogg View Post
"some signals need to be ignored" OK which ones? You could do better by throwing darts
at a dart board.

Nonsense, it just shows that you haven't study the course or even attended the webinars.

I suggest that you go to the MTP website, go to their Forum and look under the MTP staff for Analysis by Steve Griffiths and "Holy Grail " July 29."

This shows you the real strengths of MTP. I hope that you can see how good MTP is and try again.

( I am a customer of MTP and bought the course. )

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  #39 (permalink)
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i do not have the software but have used other type of elliot wave studies. i have bashed a lot of vendors on this forum...but you could do far worse than this compamy.... they are not selling snake oil with out any support. if you think you can just use auto-trader turned on and the wars over ..you are not going to like it. but if you do the hard work ....it could help your trading......( could does not mean will )

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  #40 (permalink)
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I just read this thread. Is interesting that no one mentions the fact that actually Mt predictor us a rip off of advanced get. That actually was a rip off of a trading system that was around way before the ad get was created. I learnt the inherent trading system on the early 90s and the person who taught me learnt it on the early 80s.
MT predictor main tools are reverse engineering of for instance the make or break study. That actually is just a combination of time and price fibonacci projections

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