[t1259sw]

Originally Posted by OAC »

If you are familiar with some of my older posts, you would know I am a constant basher of vendors, that is because (1) I suspect some of the unscrupulous vendors are trying to get free publicity on this forum, (2) I find their advertising misleading and (3) some of them are just simply leading the uninformed sheeps to the slaughterhouse.
On the other hand, I am somewhat familiar with the MTPredictor program. I think his approach is sound and his stress on money management is good. $2500 is not cheap, but may be right for the right person. His software simplifies the steps and allow a novice to trade a sophisticated strategy.
I don't need it because I have Dynamic Trader, Fibonacci Trader, and Ensign.

OAC. Hello. You stated that you are a user of Dynamic Trader by Robert Miner, I would like to know if you are using it to trade the futures. I have his book and also monitor Carolyn the Fibonacci Queen site. Thanks, Sam W.

[daedalus]

I have used MTPredictor 4.5 RT for TS and frankly was left unimpressed. Initially I thought it was fantastic and I had found the holy grail but as I started to dig deeper the lack of winning trades really started to annoy me.

HOWEVER.

1. I don't think of the software or the company to be a scam. The openly state expected win rates and reinforce the need to trade higher timeframes (to avoid chop) and the idea of risk:reward.

2. If you want to use this actually "day trading" its not the best. I think the smallest timeframe they advocate trading is a 15 minute, but ideally it should be a 30minute chart or higher. Personally i'm looking at 2min-233 tick charts and I need something that holds up on the smaller stuff, and honestly it just didn't.

3. If you can trade with a low win rate and want a more "swing" based system then it might be something to look for. Personally I find it much easier to trade and "pull the trigger" with a higher win rate system than something that might achieve 40%. The software is very cool and has a lot of nice features but is pricey. They are almost always doing a 20% off deal on some website so do a google search before buying.