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MTPredictor Software reviews


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MTPredictor Software reviews

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  #41 (permalink)
Calgary, Canada
 
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Big Mike View Post
@Deucalion, have you tried the MTP v7 beta? What are your thoughts on the stand-alone vs NinjaTrader integrated option?

Mike

Not tried it, but sat though some of his initial webinars. I do not like it. MTP7B's USP is that it is more handy to scan multiple markets and get quicker more easily usable real time alerts than the clumsy Market analyser in NT RT.

That means (in my mind), the typical MTP7B user is being geared more towards bog standard automatic software set-ups. Rather than the ability to plot the waves on multiple chart types in NT RT.

I always thought MTP real USP was allowing those nutty EW types to simplify their understanding of primary waves. In that NT RT is enough. MTP7B is to MTP Predictor what Windows 7 is to the Windows OS.

Glossy, but little real meat, lazy types will like it. And now, Steve is gonna be pissed if he reads this

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  #42 (permalink)
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USP?

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  #43 (permalink)
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Big Mike View Post
USP?

Mike

Unique selling point.

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  #44 (permalink)
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There is a MTPredictor section in the Platforms area of the forum:

MTPredictor - Big Mike's Trading Forum

It hasn't seen much action, you should feel free to share some more setups and tools of the platform, custom indicators, etc in that section of the site.

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  #45 (permalink)
@ Germany
 
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Generally i share Deucalion's mentions and want to add that the V7 is a good investment for current V6.5 users. This version is a complete reengineered product and it seems that steve will change the old chart control with a new one soon. Then the chart will be become a more smooth visual experience (more glossy ). The major drawdown towards the NT AddOn version is the lack of a trade module and the missing ZenFire/Rithmic feed connectivity. I've bought both versions and only use the NT AddOn module yet.

The Ninjatrader MTP AddOn module is an excellent piece of software for real traders. You can fire and manage trades (Trade Module) and can use the power of Ninjatrader (Bartypes, other Indicators to filter setups). Look at the websites blog und training material and you get a deep insight about the products. The MTP team doing a lot to keep the customers and interested peoples informed. I've done a lot of homework to grasp the system's probabilities - it's worthwhile.

Koepisch

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  #46 (permalink)
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Koepisch View Post
.......................... I've done a lot of homework to grasp the system's probabilities - it's worthwhile.

Koepisch

God-damn it! @Koepisch. You let the cat out! It's a good thing that a lot of people poke fun at EW and related approaches as hokey, keeps the riff raff out

The dual edge nature of EW and tools that employ it, the nature that goes "it could be this or it could be that" is elemental to trading. And people just hate that answer. When you say software - people expect some automated stuff, advanced red-light blue light special kind of hookum.

I sat though a touted cutting edge order flow webinar this week that promised to identify with order flow, buy and sell programs. Something to explain and exploit what is causing these market to show this "spurt and die" nature. Sort of trading with the bots, so to speak. I cannot begin to tell you how unimpressed I was with the nonsense being passed off as knowledge.

The only game in town is to identify the major structure, using whatever is in your hand - order-flow, VSA, Elliot Waves, Moon cycles or that very popular (and in my mind, highly overrated) market profile.

Recently I came across a TED talk that talked about how research is corrupted by selective analysis - its a brilliant damnation of our medical system. Please see it.



What does it have to do with trading? If one accepts that all trading processes are flawed and often fail as much as they succeed, one must endeavour to stick with the approach that appeals intuitively. How do you polish that intuition? by failing and making a fool of yourself everyday. You wont make friends or be looked on as an awesome guy, but man will they be jealous when you roll up in your S600

MTP works, the trick is to identify the major wave structure, the NT RT add-on works just fine. It teaches what failed and what worked. And it gets better over time because it forces you to focus on the same structure over and over again.

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  #47 (permalink)
Market Wizard
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Koepisch View Post
Generally i share Deucalion's mentions and want to add that the V7 is a good investment for current V6.5 users. This version is a complete reengineered product and it seems that steve will change the old chart control with a new one soon. Then the chart will be become a more smooth visual experience (more glossy ). The major drawdown towards the NT AddOn version is the lack of a trade module and the missing ZenFire/Rithmic feed connectivity. I've bought both versions and only use the NT AddOn module yet.

The Ninjatrader MTP AddOn module is an excellent piece of software for real traders. You can fire and manage trades (Trade Module) and can use the power of Ninjatrader (Bartypes, other Indicators to filter setups). Look at the websites blog und training material and you get a deep insight about the products. The MTP team doing a lot to keep the customers and interested peoples informed. I've done a lot of homework to grasp the system's probabilities - it's worthwhile.

Koepisch

Does MTPredictor has direct execution capabilities? I think that Rithmic can write only to those who have direct execution capabilities. A few months back I was in touch with MTPredictor and I will resume talking to see what I can do to help.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #48 (permalink)
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
 
Posts: 490 since Nov 2011
Thanks: 354 given, 411 received

I don't think that the standalone program has any trading capabilities yet. The founder @Griff1 could answer the question better. But i hope that steve planned this for future developments. Because the MTP team integrated other feeds yet, i think it won't be a problem to add the rithmic feed for data receiving only. The NT MTP AddOn trade manager use the NT api to manage the trades, so i am afraid that their knowledge is currently limited. The MTPredictor team release only well tested products - the addition of a direct execution functionality would be a major impact into their budget and developer resources.

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  #49 (permalink)
Market Wizard
Boca Raton
 
Experience: Advanced
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Koepisch View Post
I don't think that the standalone program has any trading capabilities yet. The founder @Griff1 could answer the question better. But i hope that steve planned this for future developments. Because the MTP team integrated other feeds yet, i think it won't be a problem to add the rithmic feed for data receiving only. The NT MTP AddOn trade manager use the NT api to manage the trades, so i am afraid that their knowledge is currently limited. The MTPredictor team release only well tested products - the addition of a direct execution functionality would be a major impact into their budget and developer resources.

I totally agree with you, the impact of such development could be tremendous.
Will check with all parties to see as far as future development.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #50 (permalink)
Ukraine
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 18 since Aug 2011
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Hi guys! if anyone interested to buy the mtpredictor adds on licens for $1300 contact me on alexdenk8@gmail.com, conditions of the deal negotiable.

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