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!
The following user says Thank You to bob7123 for this 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.
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.
The following user says Thank You to vchase for this post:
The PriceActionSwing indicator for NinjaTrader 7.0 calculates swings in different ways and visualize them. It shows swing information like the swing length, duration, volume,... It contains a lot of features. It is also useable on the Market Analyzer.
The …
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.
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 )
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
