Trader Tech Vantage Point  

Category: Forex Software Reviews
http://tradertech.com/vp_markets.asp
Average user rating from: 4 user(s)

Software Rating SCAM 0.5
 

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June PROMOTION
FOREX JUSTICE SPOTLIGHT ARTICLE

Company response
We have not received a comment or response from this company.

This company is also known as Market technologies and deals with Vantage Point Software.
User reviews
Monday, 12 December 2011

Written by Sam Forex from USA

The software claims to use neural networks to idenitfy trading patterns. It might, but if so, that neural network barely knows how to calculate a moving average. It is about as useful as a dart board for picking market direction.

The software appears to work as a moving average screen more then anything else. You can mix a variety of indicators though the value just isn't there. Customer support is completely lacking. I tried to get a refund but they refused. The initial CDs they sent were blank. That should have set off alarm bells but it didn't. The software written as well as those blank CDs were. The application frequently crashes, is slow, takes a while to update, requires a series of hacked together amateur scripts to download close prices from CRB, convert them to a format the software can use then load them into Vantage Point. The UI is 1990's and clunky. Graphs are low resolution and lacking in functionality.

All of this doesn't come cheap. The software only works with certain stocks and commodities. Those are broken down by sector or some fascinating breakdown. Each of those are cost extra. When one adds in most market sectors and FX, you will be out between $5 and $7K. A tad bit expensive for clunky moving average software.

Bottom line reccomendation is Stay Away! On the plus side, the software requires a CRB feed to get the closing prices. Expect around $300/yr which isn't too bad and includes a decent summary of the markets at the start of the day. But you don't need Vantage Point Averaging Software to subscribe to CRB. Good trading and stay away from VP scammers.
Thursday, 14 May 2009

Written by John Farmon from USA

Hello Ean Laneman,

How you doing? I guess the software has early moving average which gives a signal a bit early comare to the laggging average and also those 2 lines data gets frozen for the whole day, compare to if you use free package, the moving average keeps changing constantly on intraday basis...

So its better to make desicion when two lines are frozen...
John
SCAM
Wednesday, 08 April 2009

Written by Ean Laneman from USA

I will provide an honest review. Yes the software provides you with directional moves. However, you can gain the same information using other, free or nominal, charting programs. They provides a strategy for 1 day, 2 days, and 3 days in advance. These forecasts are based on a 2EMA/5MA, 4EMA/10MA, and a 6EMA/15MA. The software is very easy to use and I still go to it first. The index is also helpful, but not nearly the 85% accuracy the sales rep told me it was. I never make a trade by only using this software. I use esignal and vectorvest. If you are trading FX, FXCM.com has great charts.
SCAM
Monday, 23 March 2009

Written by maltatrader from United Kingdom

I carried out one and a half years research into using Vantagepoint profitably, I concluded that it is worthless as have many others. The company that sells it posts positive reviews from time to time using various usernames.

Do not be fooled into buying this software, you are getting no more than what is available for free in any charting package.


 

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