Just thought I would open a new thread here to answer any questions about MTPredictor software rather than clogging other threads.
In answer to Caveroute's question on the Futures thread the answer is yes, I would.Hi Boggo,
Given the benefit of hindsight, would you buy the package that all your screen shots,well except this particular one, come from again ?
I probably need to expand on that a bit though.
If anyone thinks they are just going to buy and install this software and just start making money then it is probably a combination of some luck and abiding by the rules if you are successful, the video below is an example.
To really get the best out of MTP you need to have a good understanding of what it is trying to do and what it is telling you. To do that you need to have an understanding of a combination of Elliott Wave and Fibonacci to the point where when you open a chart you can "see" a picture made up of a number of items.
There are two versions of MTP, one is a stand alone version (that I use) and the NinjaTrader version. The outcome and theory is the same in both, both accept live data but in the Ninja version it is any of the live feeds that Ninja accepts where in the stand alone version (I use DTN.IQ) there are quite a number but not all that exist in Ninja (IB etc).
There is a video here showing MTP (the Ninja version) being used in its most basic form, ie, just following the buy/sell signals and abiding by the R/R rules etc, worth watching all the way through.
Pic 1 below shows the scanner, basically this runs in the background with a live data feed and gives you an audible alert when a signal is generated without the need for any charts being opened, you open them when you get the signal.
You can have numerous symbols being monitored with different time periods for each symbol.
You can have a number of scanners running at the same time provided that the one data source feeds all (I use two, Forex and Futures).
Pic 2 shows a TS3 (Trade setup 3) which is an ABC near the end of last nights AUDUSD.
In this case an alert will sound, right click on the alert symbol and open the chart and then a right click on the TS3 bar will place all the info on the chart, ie, entry, stop and target etc.
Pic 3 is an example of the same scanner and chart process being used on EOD data, in this case it found an alert on the weekly chart of ORG. After watching the video above you may see that the ORG trade was against the red STF bars on the bottom, this is where some knowledge can take you past the software basics when you can "see" more in the chart.
I hope all of this gives a bit of insight into MTP. I should also mention that I am a Beta tester for this software, I have paid for the full version and as a beta tester I just get the newly updated versions to run for a while prior to them being released.
I hope that all of this is of some help to anyone who is interested.
(click to expand)