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Yesterday I made a backtesting with all the TS signals.
ES 3min for a month and had 56 losses and 32 winners.
I lost a lot of money.
I want to show them today signals a 3min chart.
Four consecutive losing signals.
can anyone explain how it works so poorly?
Can you help answer these questions from other members on NexusFi?
This software can't be used alone you need more tools to go with it, also I try to avoid minute charts specially like today, your chart looks too noisy, try range charts instead.
Hi
Looking at your chart you really only have 2 valid signals IF you are trading MTPREDICTOR standard setups – the other 2 signals are against a blue STF and are therefore NOT valid signals.
IF you have followed the MTPREDITOR standard rules you would have had a breakeven day. Taking all signals blindly will make you very poor very quickly .
On a bigger note – I use MTPREDICTOR every day - I love the tool, BUT MTPREDITOR is not a magic tool that will make you millions if you don’t know what you are doing. You can use MTPREDITOR to build a trading plan, that is backtestet and therefore proven prior to trading your own money.
If you want a quick way to a proven MTPREDITOR concept that works – I suggest that you a look at the way this guy is trading Klein Trading He also has a tradingroom where you cabn follow his trading
Have fun
I am not sure whether I am allowed to post this, but I just wanted to add that I have swapped emails with Ranchito (the original post in this thread), and he is NOT a valid MTPredictor Customer. He is only trying to use an illegal hacked version of the software. As such, he does not know how to use the software correctly (he had all the settings wrong in his original analysis).
I would like to thank the other posters in this thread that have shown examples of how they use MTPredictor themselves.
I wanted to post this (as the developer of the software) to let readers of this thread know the pitfalls of purchasing illegal hacked versions from the Internet, in that these do not come with the support and training that proper Customers receive.......
I think I speak for all software vendors when I say that purchasing illegal hacked versions of any software is just not worth it.
Steve Griffiths
MTPredictor
PS, am I allowed to post a Chart for the Day in question (Nov 5th) to show the correct analysis on the 3min ES (to correct the mistakes shown in Ranchito's analysis) ?
Ranchito did not use Position Sizing. With a average profit of 2-3 times the average loss: 56 loses = -56R, but 32 Profits at +2.5R (middle of 2-3R range) means a profit of +80R. So even in his example (even though he is still using the software wrong) he should have made an approx +24R Profit (+80R Profit less -56R loss) over his test.
