I would like to take some time to talk about a trading system I purchased 1 year ago. (The reason I know it has been 1 year is because my customer support service ended last week and they called me to ask me to renew).

I purchased Vantage Point from a Market Technologies LLC. which is a leading company of forex predicting software with 80% accuracy based on their Neural Networks system. The purchase cost me $2000 which was a lot of money, but their sales department pulled me in to it after they showed me one of their *successful* trades. They trading software is based on the cross of two lines (the black and blue line).

You recieve the forcast for the next 1 day, 2 days, or 4 days and the point was to get in to the trade before the market turned around. The vantage point system looked very nice I must agree, it installed quickly, the tech support was fast and helpfull, the customer service was also pleasant. The only problem was that it was not that easy to use. I mean watching for a cross of two lines is not brain science but it looks harder then it seems. The software also predicted the next day high and low which was actually very very good to my knowledge. It would always hit the low or the high but the problem was that you did not know which one.

There was also a monthly subscription involved which was a $20 fee/month for the daily data download.

I enjoyed Vantage Point until I gave up on it because it was not a open-box system. I spend about 2 months later on trying to find ways to use it and even joined a world chat forum called “TraderChat”. (www.traderchat.com) It was just too much of my time, other traders showed me that they where using Vantage Point and making money but guess what??? NONE wanted to share how!!!

I have attached a picture of as a sample of what the software looks like. The truth was I did not like system trading…it was a pain and it took away my confidence and the excitement of forex trading. Another big deal was the Stop Loss was minimum 50 pips…always and most of my trades where 1:1, I even had one trade which had a stop loss of 140 pips – thats too much money for me to put on the table at once. Sorry Vantage Point but you lost the battle.

Thanks again