Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mitta

MTpredictor Software - Any Comments

Recommended Posts

Hi, Been looking at Mtpredictor and would like any comments on it from any current or past users, good or bad. Mark

 

My feeling is that for what it provides it could be viewed as a bit pricey...... there are some great signals....... and the emphasis on risk to reward is most helpful.. I still have a feeling that it is pricey.

 

As a olatform I feel that it restricts a trader to EW type of trading whereas another platform will allow you to do a lot more.

 

 

Just an opinion.. I will be interested to see what others have to say.

Share this post


Link to post
Share on other sites

I bought this years ago when it was priced much much lower than it is today. I have all the updates, however. From what I understand it is now $2500? Let me start off by saying that if I were you, I'd use that money to fund a small forex or futures account, and learn to trade S/R with 1 mini lot or e-mini.

 

If you do feel compelled to purchase it, I would still recommend that you give s/r serious study. The TS signals are very good when they occur at a S/R level. But, since it is primarily a fib-based program, it will fire off signal after signal in the middle of no man's land.

 

The "Decision Point" function is very useful, but you can draw these yourself with a simple fib extension tool.

 

The "draw pivot" function (swing pivots, not "floor trader pivots"), where the software will display minor, intermediate, or major pivots is useful when you are learning to identify s/r levels. However, I suspect that such a pivot indicator is available for free for most charting software packages, e.g. ninjatrader.

 

What is worthwhile is the MTPredictor trading course, especially those portions that discuss risk/reward and position sizing (though I read the old edition, and I do not know if the new edition is as worthwhile as the old edition).

 

All in all, of all the software, systems, and indicators that I spent money on, I would have to say that MTPredictor was the most worthwhile. However, I paid about 40% of its current price, if I paid that much. So, if I had to do it all over again, I would save my money.

Edited by thalestrader

Share this post


Link to post
Share on other sites
All in all, of all the software, systems, and indicators that I spent money on, I would have to say that MTPredictor was the most worthwhile.

 

However, I paid about 40% of its current price, if I paid that much.

 

So, if I had to do it all over again, I would save my money.

 

Thanks thalestrader and blaiserboy for your comments. It may be a good piece of software but everywhere I go everyone seems to comment on the price. As I said I was only looking at it and have gone off it from the responses I have received in this forum and elsewhere. I'm just getting back into being serious about trading and have dusted off Omnitrader Pro that I bought about a year ago, will learn all about it. Many thanks again. Mark

Share this post


Link to post
Share on other sites

I could have listed a few items that I regard as defects in the charting.....

 

I am almost sure that your Omnitrader will be quite suitable, especially as it will have a better selection of indicators and a better chart display......

 

Best of luck with your trades.....!

Share this post


Link to post
Share on other sites
Thanks thalestrader and blaiserboy for your comments. It may be a good piece of software but everywhere I go everyone seems to comment on the price. As I said I was only looking at it and have gone off it from the responses I have received in this forum and elsewhere. I'm just getting back into being serious about trading and have dusted off Omnitrader Pro that I bought about a year ago, will learn all about it. Many thanks again. Mark

 

As you mention using Omnitrader, I might assume that you are looking to trade stocks primarily using end of day data, not real time intraday data.

 

I would highly recommend Telechart from worden brothers at WORDEN TeleChart 2007 & StockFinder 4.0

 

It is free for 30 days, and 29.95/month after that for gold membership. With your goldmembership, you will also get a free upgrade at freestockcharts.com to the premium version of freestockcharts.com which will give you the ability to scan in real time with free real time data.

 

As for end of day scans, telecharts is tops in my book, as it gives you the ability to code your own pcf's and compose your own scans.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
How do I find a copy of the second part of the MT Predictor training manual without having to buy the software?

 

Both parts 2009 edition here:

 

hxxp://www.4shared*com/file/119518952/ae1dcf14/MTPredictor_Course.html

 

Happy reading!!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • Thx for reminding us... I don't bang that drum often enough anymore Another part for consideration is who that money initially went to...
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • How long does it take to receive HFM's withdrawal via Skrill? less than 24H?
    • My wife Robin just wanted some groceries.   Simple enough.   She parked the car for fifteen minutes, and returned to find a huge scratch on the side.   Someone keyed her car.   To be clear, this isn’t just any car.   It’s a Cybertruck—Elon Musk's stainless-steel spaceship on wheels. She bought it back in 2021, before Musk became everyone's favorite villain or savior.   Someone saw it parked in a grocery lot and felt compelled to carve their hatred directly into the metal.   That's what happens when you stand out.   Nobody keys a beige minivan.   When you're polarizing, you're impossible to ignore. But the irony is: the more attention something has, the harder it is to find the truth about it.   What’s Elon Musk really thinking? What are his plans? What will happen with DOGE? Is he deserving of all of this adoration and hate? Hard to say.   Ideas work the same way.   Take tariffs, for example.   Tariffs have become the Cybertrucks of economic policy. People either love them or hate them. Even if they don’t understand what they are and how they work. (Most don’t.)   That’s why, in my latest podcast (link below), I wanted to explore the “in-between” truth about tariffs.   And like Cybertrucks, I guess my thoughts on tariffs are polarizing.   Greg Gutfield mentioned me on Fox News. Harvard professors hate me now. (I wonder if they also key Cybertrucks?)   But before I show you what I think about tariffs… I have to mention something.   We’re Headed to Austin, Texas This weekend, my team and I are headed to Austin. By now, you should probably know why.   Yes, SXSW is happening. But my team and I are doing something I think is even better.   We’re putting on a FREE event on “Tech’s Turning Point.”   AI, quantum, biotech, crypto, and more—it’s all on the table.   Just now, we posted a special webpage with the agenda.   Click here to check it out and add it to your calendar.   The Truth About Tariffs People love to panic about tariffs causing inflation.   They wave around the ghost of the Smoot-Hawley Tariff from the Great Depression like it’s Exhibit A proving tariffs equal economic collapse.   But let me pop this myth:   Tariffs don’t cause inflation. And no, I'm not crazy (despite what angry professors from Harvard or Stanford might tweet at me).   Here's the deal.   Inflation isn’t when just a couple of things become pricier. It’s when your entire shopping basket—eggs, shirts, Netflix subscriptions, bananas, everything—starts costing more because your money’s worth less.   Inflation means your dollars aren’t stretching as far as they used to.   Take the 1800s.   For nearly a century, 97% of America’s revenue came from tariffs. Income tax? Didn’t exist. And guess what inflation was? Basically zero. Maybe 1% a year.   The economy was booming, and tariffs funded nearly everything. So, why do people suddenly think tariffs cause inflation today?   Tariffs are taxes on imports, yes, but prices are set by supply and demand—not tariffs.   Let me give you a simple example.   Imagine fancy potato chips from Canada cost $10, and a 20% tariff pushes that to $12. Everyone panics—prices rose! Inflation!   Nope.   If I only have $100 to spend and the price of my favorite chips goes up, I either stop buying chips or I buy, say, fewer newspapers.   If everyone stops buying newspapers because they’re overspending on chips, newspapers lower their prices or go out of business.   Overall spending stays the same, and inflation doesn’t budge.   Three quick scenarios:   We buy pricier chips, but fewer other things: Inflation unchanged. Manufacturers shift to the U.S. to avoid tariffs: Inflation unchanged (and more jobs here). We stop buying fancy chips: Prices drop again. Inflation? Still unchanged. The only thing that actually causes inflation is printing money.   Between 2020 and 2022 alone, 40% of all money ever created in history appeared overnight.   That’s why inflation shot up afterward—not because of tariffs.   Back to tariffs today.   Still No Inflation Unlike the infamous Smoot-Hawley blanket tariff (imagine Oprah handing out tariffs: "You get a tariff, and you get a tariff!"), today's tariffs are strategic.   Trump slapped tariffs on chips from Taiwan because we shouldn’t rely on a single foreign supplier for vital tech components—especially if that supplier might get invaded.   Now Taiwan Semiconductor is investing $100 billion in American manufacturing.   Strategic win, no inflation.   Then there’s Canada and Mexico—our friendly neighbors with weirdly huge tariffs on things like milk and butter (299% tariff on butter—really, Canada?).   Trump’s not blanketing everything with tariffs; he’s pressuring trade partners to lower theirs.   If they do, everybody wins. If they don’t, well, then we have a strategic trade chess game—but still no inflation.   In short, tariffs are about strategy, security, and fairness—not inflation.   Yes, blanket tariffs from the Great Depression era were dumb. Obviously. Today's targeted tariffs? Smart.   Listen to the whole podcast to hear why I think this.   And by the way, if you see a Cybertruck, don’t key it. Robin doesn’t care about your politics; she just likes her weird truck.   Maybe read a good book, relax, and leave cars alone.   (And yes, nobody keys Volkswagens, even though they were basically created by Hitler. Strange world we live in.) Source: https://altucherconfidential.com/posts/the-truth-about-tariffs-busting-the-inflation-myth    Profits from free accurate cryptos signals: https://www.predictmag.com/       
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.