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.
07-02-2009, 12:49 AM
Linear Mode
