MTPredictor Software reviews - futures io
futures io futures trading



MTPredictor Software reviews


Discussion in Trading Reviews and Vendors

Updated by edward40
      Top Posters
    1. looks_one Deucalion with 7 posts (43 thanks)
    2. looks_two Big Mike with 7 posts (0 thanks)
    3. looks_3 Vitaliy with 7 posts (0 thanks)
    4. looks_4 ness1g with 5 posts (1 thanks)
      Best Posters
    1. looks_one sdonahue with 17.0 thanks per post
    2. looks_two Deucalion with 6.1 thanks per post
    3. looks_3 Mindset with 2.5 thanks per post
    4. looks_4 gg80108 with 2.0 thanks per post
    1. trending_up 52,317 views
    2. thumb_up 101 thanks given
    3. group 41 followers
    1. forum 78 replies
    2. attach_file 6 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

MTPredictor Software reviews

(login for full post details)
  #31 (permalink)
Ukraine
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Spoon
 
Posts: 18 since Aug 2011
Thanks: 2 given, 4 received


cory View Post
tnx for an 'informed' review

I paid for it as much as 2000 bucks, and I don't want to share information.
Im greedy.
Okay, I'm kidding
This is a really cool thing.I recommend to try the free trail for 95 bucks.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Atm strategy help
NinjaTrader
T​​​​​​radestation datafeed (real time and historical) to NT8
NinjaTrader
Where is the link to download GomiRecorder?
NinjaTrader
GBP/ARS Pair
Traders Hideout
Looking freelancer for MT4 Indicator
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Legal question and need desperate help
183 thanks
Building a high-performance data system
18 thanks
FIO Journal Challenge - June 2020 w/SharkIndicators
15 thanks
VWAP for stock index futures trading?
11 thanks
Is Orderflow An Outdated Concept?
11 thanks
 
(login for full post details)
  #32 (permalink)
Ukraine
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Spoon
 
Posts: 18 since Aug 2011
Thanks: 2 given, 4 received

Hi guys! if anyone interested to buy the mtpredictor adds on licens for $1300 contact me on alexdenk8@gmail.com

Reply With Quote
 
(login for full post details)
  #33 (permalink)
Dallas, Texas
 
Experience: Intermediate
Platform: ninjatrader
Trading: crude oil
 
Posts: 88 since Dec 2011
Thanks: 70 given, 41 received



Ganymed View Post
I use MTP add on for NT for over 4 years with continous success. For me the best trading software together with Flux Capacitor from Back to the Future Trading. Both companies are very serious, good support and a lot of instruction videos. I know professional traders using MTP and BTTF daily for FDAX, CL, ES and GC
Ganymed

Hello,
Ganymed, Would it be possible to learn more about how you or some of the professional traders use MTp with the Flux Capacitor. I do have the BTTF and have used it with some mixed success. I am looking into buying the MTP software. Any suggestions or ideas will be very much appreciated.

Amin

Reply With Quote
The following 2 users say Thank You to avall38486 for this post:
 
(login for full post details)
  #34 (permalink)
Catalunya Spain
 
Experience: Advanced
Platform: ninja trader, ofav6, investor RT
Broker: Amp/cqg, mirus/zen-fire, dtn iqfeed
Trading: ES
 
Posts: 72 since Sep 2010

Hi,

I have ofa pro connect, the software package complete. If someone are interested in change the license with the mt predictor profesional pm. Only for a specific time.

Thank's

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #35 (permalink)
London
 
Experience: Beginner
Platform: NinjaTrader
Trading: silver,SI,YI,ZI, ES,EURUSD
 
Posts: 44 since Sep 2010
Thanks: 13 given, 16 received


Tallyho View Post
Glad to hear of your success Ganymed. I am new with MTP [looking to trade off the 3 & 5 minute charts] and found the DP trades very hard to be successful with. It seems it's so important to determine the larger degree trend [so I look at the 15 minute chart] yet there doesn't seem to be that much info about assessing that under all the different situations that the market creates day by day.

Of course they talk about going to a larger time frame and he refers to this lots on the Advanced blog, however I've found it inconclusive many many times....kind of depends on how far back you look on the larger degree chart...

I just stay away from the DP setups now. Any helpful thoughts?

thanks

With DP entries, if the bar at the DP setup has a long tail showing the market has reversed, I usually wait for the following bar that penetrates the order price to close. If that bar closes with no tail (indicating very little or no hesitation in the new direction) and all that happens within my risk size, I'll take it. But it is usually better to wait for a 2nd similar entry after the market has pulled back (usually from around the 100% R/R point) and is making a 2nd attempt to reverse.

Reply With Quote
The following 2 users say Thank You to vchase for this post:
 
(login for full post details)
  #36 (permalink)
London
 
Experience: Beginner
Platform: NinjaTrader
Trading: silver,SI,YI,ZI, ES,EURUSD
 
Posts: 44 since Sep 2010
Thanks: 13 given, 16 received


aslan View Post
I tried this last year, and the main issue I had was that the signals are constantly redrawn/vanishing (even after entering a trade). So there is no way to look at a chart and figure out what you would have done in the past (other than replaying perhaps). When I brought this up to them and asked for my cash back, the owner literally had a fit on the phone, though they did refund my money. They do have a nice way of looking at RR before entering a trade, which was one of the features that intrigued me to try it out. The other interesting item is that they look at Elliott in simplified terms, which basically means playing the big picture/high probability patterns, instead of trying to get a complete EW count.

I have never seen their software do that, except where NinjaTrader has been set to calculate on bar close equals FALSE. In other words, it is setup to calculate tick by tick instead of on the close of the bar.

Reply With Quote
 
(login for full post details)
  #37 (permalink)
Australia
 
Experience: Intermediate
Platform: Ninja
Broker: Dorman
Trading: ES
 
Arno66's Avatar
 
Posts: 18 since Jan 2010
Thanks: 645 given, 25 received


Deucalion View Post
"This guy" does not believe in commenting. I have nothing to teach (who am to I teach anyone?), to sell or convince others of....I had this up because after 4years.....I wanted to show it can be done for average folks with right combination of effort, luck and perseverance. MTP is just a tool - as good as any, or as bad as any.

My opinion is just as bad as the next one.

It's true edge its it's treatment of risk and position sizing and how it forces you think about risk first, second and last and not care about returns. Once I thought of that as a habit, it didn't t matter what MTP showed or indicated.

It was all about taking risk controlled behaviour. I suspect with enough time spent you can find your edge. BTW, there is more than enough on that blog for people to make their own decisions. MTP can fail for several people, it did for me for over 3years. I read everything with trading, had rules, golden nuggets and still kept failing. Nothing worked.

Slowly over time (hard to pinpoint a turnaround day) when I was close to giving up; I tried to see what what Van Tharp said (it couldn't hurt after all, to try one last thing) - practice low risk. I still wasn't making any money, but no matter how many mistakes i made (and still keep making), I was not blowing up my 4th account (previous 3 went the way of the dodo). That feeling of keeping risk low generated a momentum that is hard to teach and hard to make others believe in.

Unless you experience it yourself. Traders who have the opportunity to survive that long may have that chance, but unless it's self generated there is not much of chance of people surviving in the long term.

I used to have lists on rules and all that, now I have torn up all lists and rules. I practive low risk behavour that is a results of all those rules. It works for me

Other than that, not much else to say

Hi Deucalion,
Have you attend any of Van Tharp's workshops or only read his book?
I am currently busy reading his book regarding position size and have purchased the game as well.
Regards,
Arno

Reply With Quote
The following user says Thank You to Arno66 for this post:
 
(login for full post details)
  #38 (permalink)
Zurich
 
Experience: Intermediate
Platform: Ninja Trader
 
Posts: 9 since Mar 2010
Thanks: 4 given, 5 received

I also made a trial with MT Predictor. There are some very good entries generated but you have to double check with other system to filter losing entries.

Reply With Quote
 
(login for full post details)
  #39 (permalink)
Calgary, Canada
 
Experience: Intermediate
Platform: Multiple
Broker: Multiple
Trading: Multiple
 
Deucalion's Avatar
 
Posts: 430 since Aug 2009


Arno66 View Post
Hi Deucalion,
Have you attend any of Van Tharp's workshops or only read his book?
I am currently busy reading his book regarding position size and have purchased the game as well.
Regards,
Arno

@Arno66, unless you use the mention tag not going to see your comment. Sat through a couple of VT's webinars. Good but not impressive. Read his book - same sentiment. MTP is better. The simplicity with which its puts risk control processes in practice is admirable and rare. But here is my own takeaway from either. Neither is perfect. Not sure how one can really drive down the concept that risk control is everything (without getting killed in the process).

Trading is all about sitting in the tall grass. Very quietly. You need to kill, knowing very well that you might end up being the prey.

Two examples from today - I stalked crude patiently today, and it just about cut my head off with its relentless whiplash. Then, in the afternoon, ES gave me more than what I wanted with little or no drama in little or no time. It all about surviving.




It was a good day at the end, but only after hours of chop - the patient did get rewarded. That is all either MTP or VT are about.

Reply With Quote
 
(login for full post details)
  #40 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,034 since Jun 2009
Thanks: 31,651 given, 94,881 received


@Deucalion, have you tried the MTP v7 beta? What are your thoughts on the stand-alone vs NinjaTrader integrated option?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Reviews and Vendors > MTPredictor Software reviews


December 30, 2017


Upcoming Webinars and Events
 

Getting Comfortable with Price Action Patterns w/Earn2Trade

Aug 4
 

Live Video Panel: Ask Me Anything w/Ironbeam Brokerage

Aug 6
     



Copyright © 2020 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