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[mrpete]

i dont see any reviews about this tradeing software .i think its a total scam

[Dealgone]

Originally Posted by mrpete

i dont see any reviews about this tradeing software .i think its a total scam

Dude they use neural networks for analyzing.
If I could afford it I would at least test it.

This software is more for the professional trader.

[mrpete]

VantagePoint Review go here and read all about neurel ripoff network

[bigwings]

Originally Posted by mrpete

VantagePoint Review go here and read all about neurel ripoff network

That is just one guy citing one instance of a chart. He appears to be referring to an old version of the software and the buy signal he identifies does not appear to be in accordance with the advice given in the Vantage Point documentation. So actually I am not sure he understands the information and guidance from Vantage Point so I would not listen to him.

It is true that it is not trivial to understand the Vantage Point information, you need to put a lot of effort into understanding it before you act.

I am not saying you should go for Vantage Point but I do not think you should rubbish it on the strength of that website. What other evidence do you have for asserting that it is a rip-off?

[Pharaoh]

I have no info on Vantage Point, but would never call something a scam without having a significant amount of direct experience and/or a LOT more information about it.

So, does anyone have any solid info about them?

[imprator]

I tried VantagePoint a couple of years ago.

I bought the Dow Jones module, which they recommended as "a great starting point". When I bought it the salesgirl came up with a "great offer" to include two other modules at a supposedly bargain price. Her boss had at that moment authorised her to offer this bargain to me as I was a new customer. Wow, I must have been a special person! What a privilege! I should have said goodbye there and then, but the "great offer" was only made after they had taken my order and credit card details for the Dow module.

I somehow managed to resist the "great offer", but took delivery of the Dow module and tried to make money from it. I never reached the stage of trading a real-money account because I found the software to be completely useless. I put considerable time into it, but found no way to make money from it.

The most important aspects of the software are that it indicates the likely range for the coming day, and the direction of price movement. They claimed an 84% accuracy ratio at the time, and still do I believe. However, the information the software provides is no better than you can do yourself. Look at a chart, note the previous day's range and the direction of trend, then estimate the likely range and direction for the coming day and you will be every bit as accurate as the "neural network" VantagePoint software. Maybe more accurate. Now try to make money from your own estimates. You will meet with the same level of success as you will using VantagePoint - i.e. no success at all.

VantagePoint sells for a high price, and that acts as an added attraction for many people (including me). If it costs a lot it must be really good, right? No, it isn't.

Of course, the lack of success might just be down to me, not the software. But I tried hard, and failed, to locate anyone else who was able to make money using VantagePoint. The only people I found had had the same expereience as myself - and discarded the software as worthless.

Buying this software was an expensive mistake for me. I recommend that no one else make the same mistake.

[DaveO]

I agree with imprator.

I could write a very long negative review here but I will resist the temptation. In fact there are a number of reviews right on the main platform here. You can access it from the home page. Some are rather obviously from paid contributors. I wonder who is their paymaster.

I am a full time daytrader and swing trader of 14 years experience and I am age 63, no babe to this corrupt world. I retired from mainline biz at age 50 having been self employed all my life.

The whole justification for the very high one time charges made for the various instrument modules sold by VP is the NEURAL linkage.

How can we determine that there is any neural connection whatsoever ? Without that the software is just a bunch of lagging indicators mainly in the form of moving averages.

The software is otherwise useless. It doesnt even reach the standard of the most basic freebie charting software. There is no traditional charting funtionality whatsoever. They might have recently added an macd and a stochastic, ha, but I dont know whether even those indicators are adjustable because I didn't buy their latest upgrade. Of course they are claimed to be predictive. Everything on the charting is supposedly predictive.

Before we become a purchaser we have a couple of things to go on:-

We have their website information, their publications, their screenshots (Ha), the owners book (ha) and we can make a call to their sales or support (ha).

The website imo gives no technical information of value at all. It is just a great big sales page and with all the usual testimonials from dubious contributors who are probably in the main novice traders. Ok, so that is no help to us to make a measured judgement.

The publications available before and after purchase are again far more sales orientated than technical. The owners book is not imo of any value whatsoever to any trader at any level. Instructional manuals are extremely sparse, poorly written and lacking legitimate information required.

The support department is confusing. All they are interested in is selling you the next module up. If you ask for a referral to an independant user you draw a blank. If you ask any other questions you never get an answer you can feel comfortable about.

The Sales department is something else ! I have seen it compared in some of the reviews with the lowest used car sales establishments and I feel that is pretty accurate. They are incredibly high pressure. They will telephone you randomly at almost any hour once they have your contact details.

So, what else do we have to go on before parting with hard earnt cash ? Not a lot I'm afraid.

I dont beleive they operate any refund policy or trial period. Certainly I was never made aware of any such protection. I think that speaks for itself these days. Most charting packages can be trialled for at least 7 days if not 30 days. Most vendors will offer a refund policy where one time charges are made instead of monthly subscription.

Soooo, we have no information of legitimate value before making our purchase and no customer protection refund policy. All we have is Louis Mendelsohn's claim that the software is neural and that typical accuracy is 80%, whatever that means.

Oh, nearly forgot. We have pictures of Mendelsohn's smart headquarters and details of how generous he is with various charities! Personally I would rather have a little information on the neural networking of inter related markets, preferably before purchase but certainly after purchase.

I have no way of proving it but I suspect this product is a massive con. My only slight doubt is that the company has not been closed down by the regulators yet and I wonder about that.

There is another facet to all this to think about:-

The idea of neural networking inter market analysis is on the face of it extremely appealing to swing traders. I use market profile volume analysis to time entries for breakouts and I value monitoring other market internals for confirmation. I originally bought VP thinking it would be much quicker to utilise the predictive software for scanning a large basket of commodities, stocks and/or financials, identify those setting up, and then home in on my market profile charts to optimise entry timing.

The more I think about neural networking, and I mean a serious effort at achieving validity, the more I conclude that it cannot be made useful. The relationships are so varied and complexed and subject to change that it is probably impossible to develop legitimate algorithms which will last more than a few days.

I hope anyone who reads this will get something out of it and particularly if they are considering a VP purchase. I have no axe to grind. I just say save your money.

David.

[Remko]

I have used VP for quite a while and would say that it IS worth the relatively large investment and I like it far better than all the other stuff which I have tried. Yes, it is rather costly and no, you can't use it as stand alone. For me it is a good support to my own analysis. For swing traders only, not for short runs.

[TME]

VantagePoint is one of the most baffling bits of financial software I have come across.

I intially purchased it because I liked the idea of 'intermarket' analysis, and 'leading' moving averages based on neural networks. There are quite a few people who doubt that it provides either. And I can't say for sure that they are wrong, because VP provide no proof of this, though they do have a number of custom indicators (such as neural index and predicted next day low and high)) which I suspect are neural network-derived.

Now, however, it has become an essential part of my own trading software, but for reasons quite unrelated to those for which I originally bought it. It allows me to download data into Excel along with all the VP indicators, which I have found perform very well (in combination) when you apply data mining analysis (using inexpensive Excel add-ins for the most part) to its various indicators. This often provides a better idea of short-term trend than most other software I have come across.

Of course, I can't say you wouldn't do as well to use other free data such as provided by Metatrader for example (though you then have to find something to compute your indicators). It's just that VP seems to do quite well, and the more you use it the more useful you find it. Or at least I have.

It is expensive, but for the better-healed trader I don't think that would be a huge drawback (particularly considering the cost of some of these 'courses' for which you pay thousands to learn some basic stuff you could pick up from an elementary textbook).

So, I am not really recommending it, unless (a) its particular approach (largely trend following, though more skillful traders may find other ways to use it) suits you, and (b) you are prepared to invest a bit of time and effort in learning how to understand the indicators provided (particularly in combination - which does, in my opinion, provide some very useful insights).

I recently did an analysis, using things called decision trees (which weed out the most successful indicators on any particular backtest) and found that VP predicted high and low (for next day prices) performed better than any others, including some 'conventional' ones, even in predicting prices five days in advance!

So, for me it is very useful, but there is one excellent review on this site (DaveO) which points out all the pitfalls with admirable clarity. The shame is that users can't decide for themselves very easily as there is not free trial period, and no money back guarantee.

I would just like to point out that for those who have a bit of money to spend, and are prepared to make an investment that may not work out for them, then VP may offer something unexpected. It has done so for me, though, as I say, you have to work at it (true of anything, I guess).

[Winford]

Hello I two put down a large sum of Money for this mysterious software called Vantagepoint 8 I kept it for about a week and decided it was good but not work $20,000 for all modules. Customer service is very poor. They are not traders they just pretend to be. Just think about it for a minute, If this software was really all that, they wouldnt be sitting there selling it , while making $20.00 and hour. But Honestly the software did help me and I got to trust in a very short period of time. I have since discoverd that there is a gentle who has devoted his life to providing free vantagepoint version 7 and 8 for $100.00 . So I purchased from him and know I have all modules of vp 7. Works very very , well on the FX market. If you are interesting contact me winfordjackson@gmail.com. Happy trading with whatever system you decide to use