Long time trader reviews MTPredictor - MTPredictor | futures io social day trading
futures io futures trading


Long time trader reviews MTPredictor
Updated: Views / Replies:14,764 / 57
Created: by Russell Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Long time trader reviews MTPredictor

  #31 (permalink)
Elite Member
Amsterdam, The Netherlands
 
Futures Experience: Intermediate
Platform: Sierra, IRT, ToS, Ninja
Broker/Data: Stage 5
Favorite Futures: NQ
 
bob7123's Avatar
 
Posts: 588 since Oct 2011
Thanks: 109 given, 1,909 received


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!

Reply With Quote
The following user says Thank You to bob7123 for this post:
 
  #32 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: silver,SI,YI,ZI, ES,EURUSD
 
Posts: 44 since Sep 2010
Thanks: 13 given, 14 received

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 06:43 AM.
Reply With Quote
 
  #33 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 275 since Oct 2012
Thanks: 126 given, 79 received



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.

Reply With Quote
 
  #34 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: silver,SI,YI,ZI, ES,EURUSD
 
Posts: 44 since Sep 2010
Thanks: 13 given, 14 received


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.

Reply With Quote
The following user says Thank You to vchase for this post:
 
  #35 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: silver,SI,YI,ZI, ES,EURUSD
 
Posts: 44 since Sep 2010
Thanks: 13 given, 14 received

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

Reply With Quote
 
  #36 (permalink)
Trading Apprentice
Sydney Auatralia
 
Futures Experience: Beginner
Platform: Metatrader4
Favorite Futures: Forex
 
Posts: 3 since Jul 2013
Thanks: 1 given, 0 received


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.

Reply With Quote
 
  #37 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 275 since Oct 2012
Thanks: 126 given, 79 received


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.

Reply With Quote
 
  #38 (permalink)
Trading Apprentice
Sydney Auatralia
 
Futures Experience: Beginner
Platform: Metatrader4
Favorite Futures: Forex
 
Posts: 3 since Jul 2013
Thanks: 1 given, 0 received


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. )

Reply With Quote
 
  #39 (permalink)
Elite Member
knoxville tennessee usa
 
Futures Experience: Advanced
Platform: nijia trader
Broker/Data: A.M.P. I.Q. ....C.Q.G.
Favorite Futures: ym
 
Posts: 428 since Mar 2012
Thanks: 87 given, 174 received

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 )

Reply With Quote
 
  #40 (permalink)
Elite Member
campnaa
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Zen fire
Favorite Futures: Futures
 
Posts: 19 since Nov 2009
Thanks: 0 given, 10 received


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

Reply With Quote

Reply



futures io > > > > Long time trader reviews MTPredictor

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MTPredictor Software reviews Pointman Trading Reviews and Vendors 75 February 27th, 2017 12:45 PM
chart trader lines are to long.. madLyfe NinjaTrader 5 October 20th, 2011 12:39 PM
Just registered, long time lurker, and I encountered an error. phantogram Feedback and Announcements 6 May 7th, 2011 12:45 AM
Long time lurker, first time poster Anagami Beginners and Introductions 4 March 15th, 2011 08:37 PM
How long have you been trading full-time? Big Mike Traders Hideout 2 August 27th, 2009 06:20 PM


All times are GMT -4. The time now is 11:57 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.14 seconds with 19 queries on phoenix via your IP 54.226.113.250