However from looking at latest webinar videos it looks like that 7 out of 10 trades are loosing trades
so I wonder if 2012 will be as profitable as 2011 was for the 3 min e-mini setups?
Any chart that shows how profits can cummulate over time using mtpredictor signals are welcome, as I am at the moment a bit sceptical because steve is showing in his videos only the good trades and not strings of loosing trades that also happen as you can see on the videos posted from john on mtpredictor.us
I would like to answer these question myself, as they are very good questions.
First, this year (so far) has been a lot harder for the 3min YM track record using just the standard MTP setups, however, please remember that this is not how we teach how to use MTPredictor. It is always important to use the larger degree trend to filter the standard MTP setups.
I do apologize if I give the impression of not talking about losses enough in my videos, I just get too excited by the analysis and trading sometimes
Having said that, you are totally right, software vendors must talk about losses, and I did do a video just last week dedicated to the topic of losses, as it is important to understand that in any trading approach there will always be losses. In fact, if you use correct Position sizing then you can still be profitable with over 50% losses (40-50% winning system).
I've been using MTP for about a year. Initially I choose an easy path: standard TS setups only on as many markets as I could follow. The deal with TS setups is: you can make very good profit over the long period of time. But you have to be prepare for some drawdowns on the way up, like you mentioned. You need to remember two things when you considering MTP: no matter how big a draw down, next 2-3 trades can cover it and more. This is, IMHO, one of the best features of MTP - its money management approach. I sometimes had up to 8 losing trades in the row (not on the same day, but over the period of a week or so), and then 2-3 winning trades put me in the green again.
But the more important, MTP's Steve and John always emphasize that your goal as an MTP user have to be to learn the advanced approach trades. All it takes is to attend the user webinars and do your home work. This is much more profitable way.
I agree with you about want to see more losing trades. I always learn a lot when Steve reviews losing trades. In fact, I took a trade this morning (I will post it later in the section "posting trades for critiques", that Steve critiqued in the traderoom today. It was perfect timing because he was reviewing a losing trade from yesterday that was a potential holy grail setup. I saw the same thing happening again today, took it and was stopped out. It was great to have Steve review the trade and see the same thing that I was seeing. A potentially great holy grail setup that just didn't work out. Losses happen, the key is to keep your losses small. Something that John and Steve remind us all the time. I don't like losses, but I did feel good that I was seeing the better setups. It is starting to click for me.
Later, using the advance analysis that Steve and John teach us in the FREE trade room, I saw another good setup after the class was over. This would not have been entered using the automatic setup entry rules, but I believe this is the type of trade that they are teaching us to take. Worked out for +3.2R so I was 50% on my trades and still up +2.2 for the day.