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MTPredictor Software reviews
Started:April 12th, 2010 (08:26 PM) by Pointman Views / Replies:19,501 / 62
Last Reply:December 7th, 2013 (10:42 PM) Attachments:5

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MTPredictor Software reviews

Old April 12th, 2010, 08:26 PM   #1 (permalink)
Just starting out...
California
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Instrument: ES, FOREX, OIL, GOLD
 
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MTPredictor Software reviews

Does anybody here use MTPredictor Sofware. If so, I would to get feed back on it.
More interested in its accuracy. Does the sofware really works as it promises?

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Old April 12th, 2010, 08:26 PM   #2 (permalink)
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Old July 23rd, 2010, 12:04 AM   #3 (permalink)
Elite Member
New York
 
Trading Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Instrument: ES, YM, Currency Futures
 
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+1, anyone?

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Old July 23rd, 2010, 06:20 AM   #4 (permalink)
Elite Member
Zurich/Switzerland
 
Trading Experience: Intermediate
Platform: NT
 
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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

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Old July 23rd, 2010, 12:45 PM   #5 (permalink)
Elite Member
Toronto
 
Trading Experience: Intermediate
Platform: Infinity AT, MTP, Neo Ticker charts
Broker/Data: InfinityAT, IB
Favorite Instrument: Futures, Fx
 
Posts: 7 since Jul 2010
Thanks: 28 given, 1 received

MTP

Current BMT User Poll

Should sim traders that pretend to trade cash be allowed on BMT?

 
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

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Old July 23rd, 2010, 01:08 PM   #6 (permalink)
Elite Member
San Francisco Bay Area
 
Trading Experience: Intermediate
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Favorite Instrument: ES,CL,TF
 
Posts: 278 since Jun 2010
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Any interest in developing our own EW projection system? It is not that hard with some user input.

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Old July 24th, 2010, 03:03 AM   #7 (permalink)
Trading Apprentice
India
 
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I've tried for MTP Stand Alone application on trial bases long back. But as EW looks too greeky to me, I ended up with no positive results using it.

I do found such softwares as blackbox.Which looks good but practically u can not trade with it as the setups r dynamic. A trader needs static entry exits. Else nothing wrong in backtesting ur data with simple zigzag peak troughs.

And yeah , i do really doubt if any Prop traders r using it.

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Old July 24th, 2010, 10:20 AM   #8 (permalink)
Elite Member
Toronto
 
Trading Experience: Intermediate
Platform: Infinity AT, MTP, Neo Ticker charts
Broker/Data: InfinityAT, IB
Favorite Instrument: Futures, Fx
 
Posts: 7 since Jul 2010
Thanks: 28 given, 1 received

Thx for your thought Dar

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Old July 24th, 2010, 05:42 PM   #9 (permalink)
Elite Member
Madison, WI
 
Trading Experience: Advanced
Platform: Sierra Charts, ALT
Favorite Instrument: ES
 
aslan's Avatar
 
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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.

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Old July 25th, 2010, 10:52 AM   #10 (permalink)
Elite Member
New York
 
Trading Experience: Intermediate
Platform: NinjaTrader, Custom Platform
Broker/Data: IB
Favorite Instrument: ES, YM, Currency Futures
 
Posts: 79 since May 2010
Thanks: 46 given, 57 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.

Signals keeps changing... That is not good. Anyone can do a great signal if they are allowed to go back and re-generate signals - isn't it?

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