MTPredictor - Program background

Introduction to the software by Steve Griffiths, MTPredictor™ developer

Ever since starting in the financial markets over 20 years ago, I have seen and tested an enormous number of trading approaches and software programs. However, as the years passed I became increasingly frustrated at not finding a program to provide me with the simple tools to identify and manage tradable opportunities.

Many software analysis programs were good at offering hundreds of different tools or techniques to apply to the markets. But the result always seemed to be a screen filled with lines and indicators. More often than not, they would give conflicting information. My involvement in the UK with both Advanced GET™ and Dynamic Trader finally convinced me that the components of the software I needed to achieve my trading aims were available...but not in one program! I could find nothing to enable trade identification, risk analysis, position-sizing, trade management and support advanced strategies simply and quickly.

Experience has taught me that the best opportunities arise from trading in the direction of the main trend. So, the first step must be to identify the end of a correction against the main trend. Again from experience, I know that the highest probability and (more importantly) the easiest correction to identify is the simple abc correction. But I could not find any software that allowed me to identify quickly the most likely areas for these abc corrections to end.

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So I decided to develop a program that, with a few quick mouse clicks, would identify these price areas. These would represent support and resistance areas...but not just any support and resistance - they were specific to identifying the end of a correction in an established trend. They are the ideal place to start looking for a trade set-up.

Once these support and resistance areas were displayed on-screen, the next step was to develop a simple method that would enable trade entry. Again, there are many trading approaches available, but used alone they lacked the reliability I sought.

However, combining some specific trade entry techniques that signaled a trade only if a market was at these specific support or resistance levels, the approach became more reliable. This formed the basis of the MTPredictor trade set-ups.

Then came the problem of trying to find these ideal trade set-ups. This was a particular difficulty when trading stocks. Up till then, I had to perform all analysis on individual markets. This was a laborious and time-consuming task, which let many great trades slip through the net.

That is how the MTPredictor software program came into existence, as a way to identify quickly and simply the most reliable trade set-ups without the confusion associated with many of the other technical approaches and programs I had test-driven.

The Trade Scanner, especially, makes searching a whole folder of stocks or commodities a simple task, allowing me to look at and analyze numerous charts for set-ups very quickly. This gives me a shortlist of only the very best trade set-ups to consider either for the day or within the day. There was no excuse for missing an ideal trade set-up again !

Please have a look though the Examples section, where you will see how simple the MTPredictor software program makes the identification of low risk/high return tradable opportunities. All that's needed is a chain of mouse clicks and all the essential set-up and risk/reward information is presented in a clear graphical format on-screen.

Thank you

Steve Griffiths, MTPredictor developer......