That is quite true Bob that I have made FOUR posts. In this FIFTH post on Big Mikes Forum, I will quote my FIRST post to you, with regards to your "I smell b-llsh-t" prose/contribution;
Just to update everybody else, I have now attended close to 450 hours of FREE webinar training which I am making good use of. MTPredictor is a fantastic piece of software and the support team I can only speak highly of. The FREE webinars to customers have now been going for over THREE years and MANY of us have found them inspiring.
MTPredictor is a SUCCESS story to those who MAKE THE EFFORT to learn.
Happy New Year to everybody.
The following user says Thank You to Fortitude for this post:
450 hours? You say the free webinars are going for three years now. Why should someone be doing this to itself, ... I'm just thinking loudly, either with the time one is learning the big thing or not but with this high frequency? I've seen a few webinars for myself, its good informaton how it goes and some hints in using it but not a way to get an update to the market which would make me understand watching this 450h in three years.
Long time I received mails regarding MTP, I was and still are interested in getting one more perspective to trade the market (and imho MTP still looks like a good assistence in the daily business), but reading some special pro-postings rather keep me away from a software which might be worthwhile.
I do not have enough time in my day to be here, actually I am here sometimes only to look for something interesting to read and learn, however, your opinion is your opinion and I accept it for what it is.
As I previously stated trading with MTP is not difficult once you have grasped the process/method.
Yes, quite often you get stopped out, but your losses are very small compared to your gains.
MTP is not just a trading platform, it's a complete set of tools that helps you identify S/R levels (would these be EWs, Decision Points "DP" or ABC corrections). The DP levels are the most reliable levels you can have on your charts.
I have seen people's charts that require a degree in graphic design to understand them. That' for me is a bunch of BS. how can you trade if you have on your chart 6, 7 or more MA and so many indicators that always contradict one another???
My charts are clear... with only daily Support and daily Resistance levels, a volume indicator and a momentum indicator.
I live in Australia and since I trade during the US market hrs I am a bit disadvataged compared to other people who live in Europe or US. I usually trade 2 hrs/night. I can't afford to waste my time, so I need the best possible tools to execute my trades and MTP gives me exactly what I need.
My best trading set up is the opening gap as it has been explain to all MTP's owners.
That's all you need to be profitable.
My W/L ratio has improved not in tern of trades but in term of ticks (money). I personally prefer a method that gives a 50% W/L ratio if the wins are always at least twice in profit that the losses and quite often run for 3 5 or more reward, to a method that has 80% w/l ration with 10 ticks profit and 40 ticks loss like many out there .... do your maths.
With regard to the automatic set ups, when they appear on your chart, before you decide to pull the trigger, they need to be analysed according to the trading plan and rules that John and Steve teach to their customers.
Please note that contrary to many other trading developers, MTP's owners organise free ongoing live webinars, three times a week during trading hrs, accessible to all their clients. Once you have purchased MTP you do not pay for any other cost for your ongoing education or to attend the trading room.
I Personally have no financial interest in the company and I have never met the owners in person, but what I can tell is that they are great guys, very professional people whom stand behind their customers.
The fact remains that your 2 posts on January 10th 2014, were minutes apart on a thread that hadn’t seen a post in a month. Both had a singular aim of countering criticism of the tool.
It still defies credulity that there wasn’t coordination between you at least, if you aren’t simply the same person, perhaps even the vendor.
In the ensuing year, Fortitude hasn’t made any new posts on futures.io (formerly BMT), and Oltreoceano has made exactly one. (The post above) Nah, you’re not the vendor!
Whatever.
Looking again at the tool, which frankly I had lost interest in, I think credit is in fact due. Your tool places the trader's activity on the screen and gives their position context in the market. Something that beyond rudimentary buy and sell diamonds hasn’t been seen much.
But pay 2 grand for this? When I stopped laughing I said no.
Personally, I view paying for indicators up there with paying for sex. Which, thanks to my good looks, charm, and longtime ability to code, is not needed in either case.
The following 2 users say Thank You to bob7123 for this post:
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Usually faced with a complex problem, the simplest answer is the best. MT predictor is so complicated that you need
to complete 80 hours of online training to use it. But pay 2 grand for this? I was one of the
stupid ones that paid 2 grand for it. I haven't stopped crying yet.
If you want to review a thread that is worth while, and provides useful information go to RON99's thread on
options.
The fool thinks himself wise, the wise man knows he is a fool. -William Shakespeare
So dry your eyes.
Now go give your money to the market like you're supposed to!
Actually, my 2 cents, you can't go wrong with Stage 5 trading. But you need a lot of patience and practice in any case. And you're gonna scrape your knee at least, more likely have days you wonder what TF you ever started trading for. But hang in there. Mean time, don't bet the rent money.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,237 since Jun 2009
Thanks: 32,793 given,
99,985
received
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.
