I have used VantagePoint for almost 4 years to trade everything from Forex, Agriculture futures, stocks, options, ETFs, you name it. Anything that moves! Essentially, VantagePoint is able to predict average prices of the short term, so about 1- 3 days using a set of proprietary indicators, a Neural Index ( 2day forecast), Predicted moving averages ( multi time period) , and a Predicted high and low price for the next trading day.
The data that comprises the predictive indicators is quite different than traditional technical indicators that rely heavily on fairly simple mathematics like averaging, standard deviation, mean reversion, etc. Instead, VantagePoint uses the technology of Neural Networks to produce very accurate forward looking indicators. It also, isn't just doing analysis on one market, its looking at a large number of markets that are known to have a significant relationship with the one you want to trade. Intermarket Analysis.
The indicators are then tested across a wide range of markets to ensure their overall robustness.
How I see it, the software performs consistently over such a wide range of markets it offers a significant edge when it comes time to trade those markets. Obviously, a trader needs to excessive risk controls, and a strategy to trade continuously over time. However, by incorporating the software output into a trading process, I don't see how it wouldn't have a positive affect for almost any type of trader.
Personally, I have found it most helpful for my longer term trade set ups. Where I use the shorter term forecasts from VP to do all the things a good trader should do. Push winners, scale in/out, adjust stops, or just plain get out when the software shows a conflict. Essentially, becoming a short term trader in line with the software, within a long term trade idea. By using the predicted highs and lows and predicted moving averages, I can build on a position that's working while having a very clear idea of where the market should trade over X amount of days going forward, limiting my risks and opening up large profit opportunities once a trend breaks out.
It's also quite impressive in the Forex market where one is REQUIRED to do inter market analysis, especially when trading cross pairs. The software is surprisingly good at intraday forex levels, which I would imagine has to do with the fact that the forex market are highly driven by these intermarket relationships (think DX, Gold, EUR, JPY, Nikkei) but also the nature of 24 hr markets and the neural network technology, but that's just speculation on my part.
Essentially, as a purely technical trader, I want to tap into something that works on an extremely wide assortment of liquid markets. It means I am tapping into something significant about how "people" are interacting with markets, not just some gimmick that is working this year, but blows up my account next year when the market environment changes. I also find it helpful to have the ability to trade almost any market, since VantagePoint is producing a forecast, its best to identify the best looking opportunity rather than forcing trades in a particular asset class or on a market you might "like" because of some cognitive bias you picked up from some previous trading or life experience.
If you are going to risk any money in the market, I certainly recommend getting VantagePoint. It will save you alot of headache and give you a lot more confidence to actually act on the trading opportunity when it presents itself. On the flip side it will get you away from bad trades early, which in real terms is just as valuable as a winning trade.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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