Customer Feedback

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Customer Feedback

At MTPredictor™ we believe that supporting our trading customers is absolutely vital. To see what customers think about the software and support, please read these unsolicited comments from software users (the first of which were sent by MTPredictor users to leading Trading Advisor Dr. Van Tharp - http://www.iitm.com/ , for his forthcoming book)...

Matt,

I wanted to write a short note (which you are welcome to share with others) to let you know that I can now see the beauty of the MTPredictor system and approach. Like many others, I have tried various systems and approaches over the years. While I cannot say that others could not profit with these other approaches, I can say that even after much trying I could not. The ones I can remember are as folllows:

1. Trader's International - an approach to fade the market where you generally risk two points to try to make two points

2. Personal trader (can't remember the name) - approach based on using a stochastic in multiple time frames and taking a trade where all time frames signaled a trade at a fib support/resistance point. You were always trying to fade the market against the trend.

3. Daytradingcourseonline.com - Nice fellow who taught a version to trying to get in on Elliott Wave retracements but (at least back then) it is all done by eyeball without and system guidance

4. RS of Houston - Generally trading with the trend with the help of two crossover moving averages and support/resistance points. Nice guys with some helpful information but I could never make it work for me

5. Rhythm of the markets - Ed Moore is a smart guy with some unique indicators who tries to teach you to understand how the market works. I learned a good bit from his approach but could not use it alone to make money

6. My own personal approach - I came up with a unique method of drawing trendlines which could often be done very early in a move. Along with that I came up with a method of predicting the end of the move. Sometimes it worked amazingly well and predicted the market turn within ticks. Often, it did not. Worse, it caused me to spend all my time looking for the next big move and biasing my mind against what was actually going on.

With my approach I took a small $5000 account down to an even smaller $2300 account. After much study I began to see the genius of your approach. Sporadically trading between patients at work in the last 3-4 weeks has brought me up to $5600 by only trading one e-mini at a time. The essence of the genius of your approach, in my opinion, is in three factors:

1. The system tells you when there is a potential trade - your job is to simply to evaluate it and determine if it is a trade worth taking

2. The system guides you to limit your risk and maximize your reward. This is key. Risking 2 points to make 2 points or risking 7 or more points to make a questionable amount of profit is a losing plan. You have to know you are risking less than your potential profit - - preferably 3 times less.

3. Position sizing - Thinking about this is what started to bring me around in my thinking. You can't determine (with certainty) your profit but you can determine your risk or loss. By varying the number of contracts traded all trades with good reward potential (such as 3:1 ratio) become equal. The risk is the same and if you evaluated it well the profit potential is the same. So, a good 3 minute trade with a 3:1 risk/reward is the same as a 15 minute or daily trade with a 3:1 risk/reward. There is no need to look and seek for the next big turn of the market which doesn't happen every day anyway. Every good trade with a 3:1 risk/reward is equally good. A trade on a larger time frame may actually move a lot further but the smaller time frame trade usually allows you to trade more contracts with the same amount of risk which benefits you equally when you reach the 3:1 or whatever profit target. One benefit of the smaller time frame trades is that they reach their targets much quicker. And since the market often moves 5-10 points during a day and only occasionally moves 25+ points, the smaller time frame trades have closer profit targets which are more easily obtained.

I talked to one trader who was a wiz kid using who routinely traded 5 to 10 eminis at a time. He had just experienced a big day that apparently netted him many thousands (10-20) of dollars. While talking to him I learned he would lose it about as quick as he made it. I don't doubt there are people who truly understand the markets (such as Ed Moore) and who can consistently make profit with a somewhat maverick type gunslinger approach to risk vs reward. However, I think such people are few and far between.

In conclusion, with some common sense and caution I am pretty certain I can consistenly make money over time (with reasonable drawdown periods) by using the MTPredictor approach. Thanks for making it available.

Scott Caldwell

Greetings,

I own MTPredictor and have used it for four months. I continue to to use it because it gives me trade setups and also provides position sizing for each trade.

In the vast jungle of trading software, advisory letters, and online trading chat rooms, MTPredictor clearly rises aboves the rest in all the critical areas that a successful trader requires.

I have been trading for seven years in stocks, options, futures and currencies. With little success and often significant losses. This was the result of no training in trading psychology, chat rooms and advisories that give sometimes good advice but little or no psychology, size positioning let alone expectancy information or training.

The truth in trading is a very narrow path that only includes sound psychology, size positioning and expectancy. Sad to say everything else is just baloney. I know this from hard lessons that I finally learned; I turned around my trading to success thanks to the honest and continuing support from Matt and Steve, who always point the way back to the essential basics.

Since my introduction to MTPredictor software and the daily reports, monthly seminars and helpful phone/email from Matt and Steve, I have narrowed my trading focus to just NQ, ES, AB, and YM futures and the main currency pairs for my daily and weekly trades. This allows me to focus on what I know best.

And MTPredictor software provides what a successful trader has to have (once the essential sound trading psychology is in place) -- clear trading setups based on the working subset of Elliot Wave knowledge and position sizing. Not all charts have elliot waves that are true to Elliot wave analysis, but when an ABC, Wave 1, 2, 3, 4 or 5 shows up and is genuine, MTPredictor reveals it in either real time or with the EOD package. I mostly use the real time software since the majority of my trades are short term trades. When the basic setups showup (I trade based on 3 and 5 minute charts), I analyze them according to where the market is and take the trade if it is in the direction of the prevailing daily trend (which I can also see by expanding the MTPredictor time horizon to 15min, 30min, 60min or daily).

In addition, the invaluable daily reports that Steve puts out are simply fabulous. I have done teaching as a hobby (ESL) for over a decade and I know what makes a good and even a great teacher. Steve and Matt are great teachers because they have the proven information, they are always brutally honest, and they care deeply for their clients.

This is high praise indeed but…it is so well deserved.

And to top it off I found out about "Trade your way to to Financial Independence" from Matt. So this synergy between MTPredictor and IITM staff is awesome!

Finally: Both the MTPredictor and IITM staffs clearly provide world class caring instruction for the trader who wants to be, and can be, successful. If they apply themselves and use the right trading tool - MTPredictor.

Terry Montague
Kirkland, WA

PS: I am proud to write this evaluation and don't really care if I get anything out of this - I just love telling the truth about people that care and stuff that works!

Dear Dr Van Tharp,

I am one of your clients and the proud owner of your Peak Performance Course, Designing a Trading Strategy Course, your superb book ‘Trading your Way to Financial Freedom’ and a participant of your Investment Psychology Inventory – which highlighted some very real problems that I had and am now working (with the help of the Peak Performance Course) hard to put right – I am not quite there yet, but I am improving!

In addition to being a client of yours, I have also been a client and regular user of Steve Griffiths MTPredictor Software for over 5 years. I have absolutely no doubt that the combination of your excellent work and MTPredictor will allow me to achieve my future financial objectives. I wanted to put forward my thoughts with regard to MTPredictor as a piece of trading software, and a Company, which not only generates excellent and profitable trade setups on both an End of Day and Intraday basis, but also provides ongoing (and free) education and is an advocate of ‘proper’ Risk/Reward and an advocate of the importance of Position Sizing.

In short, this software produces potential trade setups, but just as importantly it also allows the user to immediately generate and display a calculation of the Risk v Reward for each trade it sets up. This is achieved with three simple clicks of the mouse and couldn’t be simpler. The software then displays on the chart the entry, stop and target points.

As well as producing that vital information, allowing the user to immediate see if the Risk v Reward makes the trade acceptable or not – we work on a minimum of 2:1 RR (i.e. if the reward is not at least 2R more than a 1R risk, the trade will not be taken), the software also calculates and displays the Position Size of the position that can be taken based on a Position Sizing method of trading a %age of the current trading capital.

In my own case, I trade a fixed 2% of my trading capital and only have one trade in play at any one time – the MTPredictor software will calculate the size of the trade (how many lots) which should be taken based on the %age of capital which represents a 1R risk. It is simplicity itself, and with just three ‘mouse clicks’ I have ,displayed on my chart, my Entry Point, my Stop Point, my Target points, my potential $ profit and most importantly my Position Size (how many Lots, shares etc) that should be placed on that particular trade.

I attached three charts of a trade setup I took yesterday (31 January 2007) which I hope will demonstrate how quickly and effectively this software ‘does the job’. The first chart shows the point when I was ‘alerted’ to a setup, the second shows the setup with its targets (this was achieved with one click of the mouse) and the third chart shows the screen after just three more mouse clicks – everything I need to trade including the Size of the Position is displayed on my chart – its wonderful.

My only criticism (this is not a major issue) is that the software does not update the current value of the capital sum on which it calculates the Position Size. The user must update this figure into the software manually before each trade. I am being very picky here and this is not a major problem - but it would be very nice, and in my view make the software just about perfect, if somehow it could keep a track of the size of the account automatically.

I have detailed records of the results that I would have achieved over a 12 month period (January 2006-December 2006) based on 358 trades, that were generated by the MTPredictor software, using a 2% of capital Position Sizing strategy. Those trades and that Position Sizing strategy converted an initial account of £20,000 into £81,747 over that twelve month period – an increase of 308% had I followed the my trading rules properly.

In fact, and I think because of some problems you identified in my Investment Psychology Inventory (which I took toward the end of last year), I did not achieve those results in practice – but that was not because the MTPredictor software failed me – it was because my head was, for a very small number of trades, in the wrong place!

I very much hope that this report will be of some benefit to your book.

With best regards

Chris Eddison

England, U.K.

Dear Steve,

Your and Bruce's attention and help is very much appreciated, more so because it was my problem not yours. The more I study your help files and webinars, the more I feel that you belong to a minority of traders who are honestly teaching subscribers "real trading", not teaching them "about trading" as many "gurus" do. In my opinion, MTpredictor is one of the best trading software one can find and I am happy that I kept open mind and decided to purchase it. It is a trader's dream.

Thanks again.

Very truly yours,

Mark Bukhbinder

Dear Mr. Tharp,

I am a mini futures trader and I have been a user of the MTPredictor software now for approximately 3 years. In my journey to be a consistent profitable trader I have purchased and used lots of software - Advanced Get, Elliottician, Omnitrader, TC2000, just to name a few. All of them are good for many people but the one that helps me the most and which I consider the most accurate and reliable is MTPredictor.

MTP is simply a great "pattern" software that does a superb job of showing simple ABC wave patterns and the larger 5 wave impulse patterns. One thing that makes it different is MTP's patterns do not "change" as the market unfolds as some of the other wave pattern software do. I'm not sure how Steve does it but many, many times his software will find the high and low of the day and many good patterns in between. In real time on Esignal and TradeStation and perhaps others, it shows you each set up and not only does that, but shows you the exact entry price, the exact exit, your risk to reward ratio and your expected targets, which is always a minimum, a typical and a maximum and it is simply amazing how often you can expect at least the minimum target to be hit.

Steve's whole system is about one thing and one thing only - let your losses be small and let your winners be a lot bigger. Each trade set up also shows the risk/reward ratio of that individual trade based on the chart pattern at that point. The software also has a great divergent STF indicator to help have more confidence that a high probability set up is forming and he has a good indicator for helping you to stay in the trade longer to maximize your profit.

As you might know, Steve sends out a "free" daily report to anyone who desires to see it where he analyzes the US and International markets each day as to what to expect based upon what MTP is showing and each report has training tips as to how to better use his software effectively. His report is great even for people who do not have his software simply because of Steve's accuracy in letting us know what to expect based on MTP.

MTP is great but certainly is no crystal ball, as nothing is, and Steve is not shy about showing some of the losing trades in his daily reports because he focuses on how small the losses are compared to how large the winners are. I've never met anyone who works as hard as Steve to truly help people learn how to be consistent winning traders. I hope you have an opportunity to start receiving Steve's daily report if you do not currently receive it, and I think you will see that there are probably not many people out there that would send out such a report for free. I personally believe Steve is a very rare breed - a person whose desire to help others be successful traders supercedes his desire for income.

As you know, there are at least two critical elements to being a winning trader - a trading system based on technical analysis and indicators and the psychological aspect dealing with emotions and discipline to follow exactly a trading plan, which in my opinion, is the most difficult of the two. MTP handles the first better than any software I've seen. It very easily could be the absolute best that is out there. And Steve does his best to help us to overcome emotions and become disciplined by following his trading plan exactly. Not only are all the rules plainly laid out to have an excellent trading plan but everything from entry, stop loss, risk/reward ratio and 3 targets are shown exactly in his software. It simply doesn't get much easier than that.

Bottom line: I use MTP every day and love it and I hope you have an opportunity to evaluate MTPredictor. I think you will be impressed with not only MTP but also with my mentor, Steve.

Thank you,

David Cogburn

USA

I have been following Steve Griffiths from a time before he even started MTP and at the time he was writing a newsletter based on Elliott Wave. Then I received an email from Steve telling me about his new MTP. I have been at this on and off over 20 years and have also seen all sorts of programs, etc. Tried also all sorts. Non of them were any good until I am came across Steve's MTP. Now Matt Bowen, he is as good as they get. He is an amazing person and a great help. Most of these people in the industry just want your money. Not these guys, no pressure to sell. You need to make that decision!

Does the program do what it is supposed to do. You bet!!!! It is not a black box which is as far as I am concerned good. I like to see what is happening. I like to be in the drivers seat and do the steering. Yes you have to study the charts and spend some time every day at it. Will there be a trade every day??? Not every day...

Does this make money..that's the big question that everyone asks... YES...Matt has followed the MTP trades for a long time and I also followed and traded them on my own, and yes there is very good money to be made, but remember if you want to make good money, you have to invest time into the program, and everyday. After a while it becomes very routine, and you will pick up things that will tell you right away if you will be trading the following day. I follow the stocks as suggested by Matt, in that I take a list from Investors Business daily and use it. Works well except in a down market there are few stocks to pick from like at the moment, or non at the moment. I also follow Futures as they are nice as there you trade the long side and short side. Now to give you an idea how long I have been exposed to the markets, my father was a commodities broker already in the 1960's in New York City when you could get a future of eggs, 144,000 dozen eggs, if I recall correctly!!! So I have seen this all my life not just 20 years.

Would I buy the program again...Definitely yes!!!

Does it find the set ups?? Yes it does better than any I have come across in 20 years. Steve has made an amazing program. Does it miss some??? Probably yes so if you want to get all trades you need to obtain data from numerous vendors, which is not necessary. I have not heard of anyone having numerous data suppliers to catch all. Very small variances in the data can give you different trades, but just get one. Just use a good supplier and you will be set. I do my trades with the trend in case you are wondering. This helps in my opinion a lot..but that could be personal.

Do spend some time with Matt so that you get up to speed quickly. They offer it I so take it. Nothing worse than being frustrated and then not using the program.

Nothing is better than having a pro help you in this regard. Matt knows the program inside out. I have never met Steve, other than hearing his voice on the website on the learning modules.

What is bad about the program...can't think of anything at the moment, it satisfies everything I want in a program. You cannot expect to make $$$ if you are not willing to spend the time at it.

Well the next week I will not be spending much time at my desk as I am at my summer place and it has dial up internet access only...maybe that's good!

Next week is also a short trading week.

If you have any more questions, just ask email. I am simply a satisfied customer of MTP...

Have a good day and a good weekend!

Andy Von Bredow

Canada

To Whom It May Concern,

I am a current customer of MTPredictor trading the futures markets using the end of day product. In my opinion, Steve Griffiths and his team are completely dedicated to providing the general trading public a superior software product and excellent education regarding proper insight of how the markets work and how to interpret and trade them.

Although my initial interest in MTPredictor was with the unique way the software defines Elliott Waves and projections of anticipating profit targets, the true value of the software and continual education provided revolves around the concepts of risk reward and proper position sizing. Throughout every aspect of MTPredictor's interface to their customer the message is loud and clear - keep losses small and profits large.

The software has excellent modules and routines that show the user in no uncertain terms how many positions, if any, one should take to protect ones trading capital in the eventual case of losses to keep the risk minimal.

I strongly recommend you evaluate the MTPredictor software and educational environment and am confident you will agree this is the closest you will find to the true Holy Grail of trading.

Thanks,

Ron Scott

Dayton, OH

Dear Melita:

The position sizing feature associated with MTPredictor is exceptional and very easy to understand and use. Once I was alerted to the concept of position sizing by MTPredictor, I went out and purchased Dr. Tharp's revised book Trade Your Way To Financial Freedom. With the detailed explanation of position sizing outlined in the book and the actual application in making the trades through MTPredictor, trading has become enjoyable and not a haphazard roll of the dice.

Sincerely,

Tom Ross

Houston, Texas

Mr. Van Tharp

I understand that you may be reviewing Steve Griffith’s MTPredictor software.

I studied you material with great interest on position sizing and want to thank you for providing the position sizing game. I played this many hours to get a feel for different strategies that will find success in the game.

On completing that work to my satisfaction I looked for a computer based solution to applying your position sizing techniques to the stock market. Mr. Griffith’s MTPredictor software is the only software I have found that combines my preferred stock picking technique the Elliott Wave with the position sizing techniques in a easy to apply system.

I have also subscribed to Rich Swanell’s market updates and have the Elliott Wave 3 Software and subscribed to Robert Prechters Elliott Wave newsletters for several years. Neither of these market analysis’s or the Elliott Wave 3 software was precise enough or correct in predicting the market direction often enough to result in profitable trading with the Elliott Wave for me. The MTPredictor on the other hand is very precise. Provides an entry price and determines an exit price before the purchase is made. These features make it a workable system for me.

Sincerely

Pete H McLaughlin

USA

Dear Van,

I worked with you and met Melita at the November 2003 Peak Performance 101 and 202 courses in Carey.

Following what I learned I realised my account was too small for trading and stopped until I grew the capital somewhat and quantified the trading plan for that capital base.

I now have a chance to work with someone who has capital and therefore I might be able to start trading again.

This person uses Elliott wave so did some research and found MTPredictor a week ago.

I had dismissed Elliott Wave for myself as too subjective and therefore with the reward side of the Risk/Reward equation not really quantifiable.

I started following their training reports (last week) and reading their training material. I was impressed that they also followed your style of R measurement for expectancy and position sizing calculations (must have read your books also!?).

By isolating a tradable portion of a potential Elliot Wave cycle they can use the R style of position sizing you advocate, and I will always adopt.

Every success with your new book venture. I look forward to reading it and using the principles in future trading.

Best Regards,

David Davies

São Paulo, Brasil

HI:

I am writing to you with my honest opinion about Steve Griffiths’ MTPredictor trading software.

I have been using MTPredictor for intraday futures trading and stock trading for about a year. I am very pleased with the program. I have not encountered anything like it on the market.

In addition to giving good long and short signals at Elliott wave support and resistance, it calculates trade size on each trade to keep the stop loss within a small % of the account decided by the trader. I find this feature extremely helpful when day trading futures.

The daily report that Steve Griffiths writes is very educational and puts us on alert for upcoming trades and market direction.

I have been very successful using the program and plan to continue to use it.

Maroon Khoury

Winston-salem, NC

Dr. Van Tharp,

The use of MTPredictor software and Steve's Free daily training reports have done more over the past year to help me understand how to measure and implement a solid risk vs. reward process for selecting stocks, commodities, and futures than everything else I've studied over the past decade to include my MBA. Their recommendation of the book "Trade your way to Financial Freedom" would not have been read and reread without their specific recommendation. I fear the day when these resources will not be freely available. MTPredictor and the Van Tharp Institute are a powerful synergistic pair period.

Dean

Dear Mr. Tharp--

I came across Steve Griffith’s methodology and software, MTPredictor, several years ago. If I were to sum up his approach in one word, it would be “realistic.” MTPredictor addresses the issue of risk management, which is rarely discussed as most methodologies only focus on trade entry, providing the trader with the false impression that successful trade entry is all that is necessary to be profitable.

But as some of us know, this is only part of the formula to long-term success as risk management is equally, if not more, important. Steve’s methodology discusses the important concepts of risk/reward and trade management in truly concrete and applicable terms. In addition, Steve generously provides regular education on his methodology via his daily training newsletter where he’s not afraid to “walk the talk” -- he even discusses trades which have not worked out.

Simon Lo

USA

Hello,

knowing that you are in the processing of reviewing the MTPredictor trading education and software package I would just like to say that I am very happy with both the technical functionality of the software as well as the dedication that the MTPredictor personnel shows in really trying to teach their clients the essentials of become successful traders, ie focusing on position sizing and expectancy. Their practical knowledge and experience trading the markets for many years as well as their educational efforts are very much appreciated, and something to lean on when the markets seemingly treat you badly.

Best regards,

Johan Holmgren,

Sweden

Hi Matt,

Thanks for your e-mail and the answers to my questions.

I truly appreciate the reference links you gave me regarding Richard Swanell and his program. I feel like an idiot after reading those. I paid $3,310 for his real time software (Refined Elliott Trader) with technical indicators and drawing as well as paying for his basic certification course and his real time course. I don't like the necessity of taking charts and trying to compare different time frames in an attempt to identify the correct Elliott pattern. As you probably know, he is now attempting to sell "add-ons" for his RET software. I just received an e-mail from his this week announcing the "release date" for the Forex add-on. And, if I hurry and order now, I can get it for the special price of $445 whereas the normal price will be $995. He has also announced there will shortly be a U S Stocks add-on. No thanks. As I said, I appreciate the links you sent me but I feel like I have been dupped!

I was told by Swanell in numerous e-mails about a year ago after I had paid for and was about half way through his basic certification course that he was taking his software (RET) off the consumer based market because it was in such demand by institutional investors. He told me the price would jump to around $100,000 and would not be sold to anyone under any circumstances for less than that. He was offering one last chance to those of us who were his consumer type customers to buy the software for ourselves before the price jumped dramatically. H set a deadline at which time the price would jump for institutional investors and the rest of us would be left out forever. At that time, I was about half way through the basic certification course and I had seen his then published "trading results" which I thought were phenomenal. I thought he had discovered the Holy Grail based upon everything he represented so not wanting to miss "the opportunity of a life time", I signed up and bought the entire enchilada. Then, about a year later, I start getting e-mails from him again announcing that he has a knew US based "Elliott Analyst" that is going to give some webinars on using the software that I might want to sign up to watch (they were free). So, I did. Guess what...during the webinars, we are told that we can buy the software and courses and that there will even be special prices for those buying off the webinar. When I complained to the webinar teacher via e-mail that I had been told a year earlier that the software would never again be sold at "consumer prices" of less than $100,000 and had purchased it because of those statements, he said "yeah, I have heard that from some other people as well" and that was the end of it. Based upon this experience, I don't consider Swanell truthful or ethical. You can probably see why I am a little more cautious now regarding software purchase. By the way, probably 8 years ago or so, I had purchased Swanell's original software called Elliot Wave Analyzer. However, when he refined it to the Refined Elliott Trader software, as an existing customer, he wouldn't give me any consideration in purchase price for the RET. That made me a little mad as well.

I also use TC2000 and have for a number of years. I have also owned OmniTrader (real time) for a number of years and have purchased all their annual updates as well as a number of their add-ons. I have found OmniTrader to be disappointing in terms of finding profitable trades on a consistent basis. So, why do I keep purchasing the annual updates you ask? Stupid I guess. I read their advertising materials that come out each year promoting the new annual update and every time I fall for it thinking that the "new features" discussed will be the thing that will make the software start performing better. No such luck. I just received an offer from them wherein they are selling only 300 copies of a new add-on that they claim will produce a very high percentage of winning trades. This add-on is selling for $3,000. Their story is that they are only selling 300 copies because they don't want using affecting the market. I passed on that.

Anyway, you didn't ask but that is my sad story with regard to trying to find a software that I can master, feel comfortable using, and which when coupled with money management, will produce some consistent trading results. I recently paid for a trial period of Ablesys software but I couldn't produce results using it that were satisfactory and it seemed to require constantly sitting at my computer for alerts and alarms and I am not interested in being tied to my computer all during the hours that the markets are open. That is the reason I was inquiring about your EOD program. I also have Vector Vest and have for several years.

Well, thanks for listening. I will look forward to your call. I am self-employed so personal telephone calls are not a problem unless I happen to be in a meeting with a client when you call.

Jim Riner

Redlands,CA

Hi Matt,

I thought you might get a good laugh out of this. I keep getting emails from tradingmarkets.com regarding their R3/R4 and Raptor II trading systems. I am not sure if you ever heard of these systems or this company. Anyhow, I asked them what the expectancy of these two systems were and they keep dodging the question. I remember you mentioned in the past to ask these guys about expectancy and see their answers. Pretty funny how they don't have one. MTP is truly the only honest company out there.

All my best,

Keith Menzel

Mahwah,NJ

Steve,

I have been intensively studying your systems now for 7 months, and I am able to see most setups with my eyes now. This is really working for me. It's fast. I still keep all your setup tables open in Ninja.
I have two huge screens: a 23-in and 30-in monitors, so I have a massive amount of data and charts and tables open. It's so gratifying to be able to make more rapid decisions that correlate with your underlying algorithms. When I spot a pattern, and then look to the MTP table to see if it correlates, and if it doesn't, then I try to figure out why, and the more I do this, the better my accuracy gets.
So, after 7 months of this for 6 hours per day and hundreds or thousands of charts in all time frames, there's no comparison to where I was when I started!

By the way, how about this: you say that 'it's not about being right, it's about cutting your losses and letting your gains run, etc etc.'
Well, what I am finding is that my actual percentages are getting better as well. I'm recognizing the difference bet. a great setup and a so-so setup, so I'm taking the great setups, and they're usually correct. When these run long, wow!

In the past 2 months, I have been 100% (seems unbelievable), and the percentage gains are 50% now. I simply can't explain who such a streak is going so well. I'm sure I'll have a cold period, but I'm enjoying it while it lasts. My only regret is that these gains are only using 20% of my capital. I wanted to be conservative on my risks while learning the system.

My system is still using the combination of IBD stocks and MTP technical tools.

I'll keep you and Matt posted.

Regards,
Steve

USA

Thanks. Great support as always. This is just superb trading software by the way. In fact, the whole package is. Quite apart from making things more profitable, you've made life soooooooooooo much simpler. Three - aw, ok, five or six, at least - cheers all round.

Ken

Hello Steve,

i am so far very impressed with the software and definitely will be keeping it. The knowledge i have gained about trading over the last few months since i have signed on for the daily training reports has been beyond my expectations. And now having the software and learning how to use it has me looking forward to every trading day. I certainly plan to employ the KISS method in my trading endeavours. I also enjoy reading posts in the forum and find most of the threads very valuable as well. Thanks for creating a great system and for the continued knowledge about trading day after day. If i have any questions, i won't hesitate.

sincerely,

Brian K Shepherd

Hey Matt-

I just wanted to drop you a line and let you know how it has been going so far.

My best sense is that prospects/clients fit into one of several broad categories: 1) those who have signed up for the trial knowing full well they aren't going to keep the software, 2) those who are sincere about wanting to find answers to their trading woes, but are not ready for those answers, 3) those who are looking for the missing piece to their personal trading puzzle and are ready for the answers.

The first group may not eat up a ton of your time, but they would certainly count as wasted time nonetheless. Those in the second group may end up keeping the software, but will also take up a ton of support time with redundant/stupid questions, comments and concerns. The final (and I suspect smallest) group listens to what you have to say, gets whatever additional materials are needed to fill in the gaps, watches the help videos obsessively and is never heard from again.

With the exception of the occasional email, I would be in that final group. I was at that point of my journey where I was ready for the missing piece(s) to my personal trading puzzle, I acquired the necessary additional materials and I studied the help videos many times over.

I got something out of the additional materials that I'm not sure everyone gets, but I think it will end up being an important part of my turnaround: portfolio balance/mix isn't just for fund managers and long term investors. I am now focused on making the final selection of those markets that I want to watch and trade without any intention of overnight holds.

I used to watch nothing but the Russell. I would live by that sword and die by that sword. That situation put allot of pressure on finding setups that were tradable. On a good day that was not a problem. On a bad day however, lack of good setups lead to over trading and big losses.

I am at peace with the fact that I just don't have the patience to sit around all day long watching the screen, only to walk away with no trades. Knowing that I can't do that, the next best thing is to put enough different kinds of markets in front of me so that I don't have to "create" setups on the fly. The additional money management benefit to watching and trading several different markets simultaneously is that they will seldom all move against the setups simultaneously. This smooths out the day, and makes individual losses easier to tolerate.

I'm sorry for the length of this email, but I just thought you would want to hear the occasional good word. I like the direction my trading is headed, and it is due in no small part to the software that you guys have created, and more importantly (I think) to the emphasis your company places on learning good money management skills.

Thanks again for your time.

Best regards,

Lee Zimmerman

Dear sir/madam,

Hereby I sent you some details about me and the strategy I am running using the MTPredictor software.

Last year I started trading as a financial advisor in Europe, trading the currency markets both for client and own money. Before that I have traded my own money after I stopped working at a Dutch option trading firm, where I worked as a market maker for five years. I have spent over two years trading and smoothening the current strategy before taking on client money. I started trading as a financial advisor after I was asked to by relatives and people familiar with what I was doing. The strategy I run is very successful and fully defined, that is the only reason why I was asked by others to also trade their funds.

My strategy is mainly based on the outcome of the MTPredictor software, I use this software to enter a trade. For that I use the standard settings on the major intervals. Stop loss-exits are also mainly defined by the software, I only allow the trade some more space (all defined) than the standard guidelines do. For my targets however I use other methods that better suit me.

For the money management I fully use the method Steve Griffiths explains in his course. I use the difference between entry and my stop loss level, combined with account value to determine the position size. By that I risk a fixed percentage of the account value for each trade. Steve did an excellent job, combining his trading-software with the money management guidelines.

In 2005 I did a four month experiment trading emini’s on a short-term timeframe. I traded my own account using a fixed number of lots for each trade and also kept an simulated excel sheet with the same trades only now using the proper money management rules as explained by Steve. After four months my account had grown only a few percent but the simulated excel sheet had grown over 30% in four months. After that I never have traded other than using a fixed risk percentage of the account value per trade just as can be found in the MTP course.

My strategy does not risk more than 1% of the account value per trade. On average I need a win/loss ratio of 20-25% for break even, a better ratio will lead to profits. Based on past results and knowledge over the systems behaviour under various market conditions I conclude that on the long run it ’s hard for the system to fail, but not guaranteed of course. In the second quarter of 2006 I had indeed a win/loss ratio of only 22%, the accounts were down 0.5% for the quarter. On average my win/loss ratio is about 40%, you can probably imagine what that means for the account performance.

Kind regards,

Pieter-Bas Bonnier

Netherlands

Hi Steve.

I found & took the Euro sell (manual Major set up) off the 4H chart. Currently +93pips.

Hi Rich - if it is any consolation, I have only had EOD 3mths but an avid follower and member of the MTP forum (primarily forex) for many months. In that time, I feel that my knowledge and confidence to trade has improved dramatically. The important thing I believe is to be patient (It's more like a journey rather than a destination). Be like a sponge, soak up as much as you can from the guys Steve, Matt, Tony et al and also many of the exeprienced MTP member/traders (eg durgesh, Sejake, and many others who started novices just like you and me, and look at them now .....and relatively short time). Review their posts, as they offer great examples of how they approach their trades and analysis. I can only fully endorse what Steve says...I have found his daily reports, monthly tutorials etc absolutely the best coaching and mentoring I have seen anywhere... like many of us I have seen lots of alternative offerings (offer a lot/deliver little). It is just soooo refreshing to see a group of operators whose prime focus is to provide ongoing help and guidance to it's members to help us be the best we can. The software is a tool (and a great one at that) which enables you to make informed decisions based on your own analysis, personality profile and appetite for risk which, in my humble opinion, is the optimum approach.

Good luck and welcome aboard.
Mitch

Australia

Dear Mr. Bowen...

WOW!!! I just want to thank-you and MTPredictor so very much for the invaluable insights that you have bestowed upon me as a trader since I began receiving your updates last May '06...My goddess also wanted me to thank-you for sending that wonderful New Years' Day email with the classic book entititled, "The Science of Getting Rich"! We have both been using this book and it is moving mountains...She's not a trader but a college professor who I always strongly urge (smile) to share in my newly discovered trading techniques. She begrudgingly acknowledge this action because trading is my passion...

From the several months of following the MTPredictor, I will be purchasing the software soon...I am an avid Elliott Wave trader for several years. However,I have become a bit frustrated with Elliott Wave International at times for not being as accurate as one would like...Now I do realize that this is not an exact science...But there have been times when I have analyzed some of their wave counts and intuitively knew they were not right...Only to read an 'alternate' count later.(smile) Many times I have told my goddess, "Sweetheart come look at this wave count...I think they are off..." Some of those times I have actually traded on my intuitive nature and made profits only to later see that EWI changed the count to what I felt was a truer pattern...(smile) That really is cool...Any how, with the soon future purchase of your software, I expect to greatly decrease the chances of missed opportunities by being a more efficient Trader.

No other trading site I have researched gives out as much info as you all...When that is the case, you know that the individuals are truly not in it to make only profits but to educate those who listen...Thanks again for your Trading Love and Guidance...It is truly appreciated...Do not stop what you all are doing...

(also, thanks for the trader report of 1-29-07...I appreciate your candidness and the suggested books...)

K Roberts

Dear Steve:

Just a few words to commend Matt for his extraordinary dedication to his students and prospective customers.

I came across MTPredictor through a mailer originating from Trade To Win. After browsing the web site, I contacted Matt for a one-on-one seminar.

Matt spent two hours on the first session with me and an additional two or three hours in two follow-up sessions at my request, both sessions lasting until about 8pm (Matt’s time).

At my request, Matt provided a reference and brokered the contact with the reference, which turned out to be a very productive discussion.

I have dealt with a number of trading software and methodology vendors before and have never come across anyone as generous with his time, straightforward with the information provided, and knowledgeable about his product as Matt.

Matt is truly a consummate professional and, as a result of his efforts, I do plan to purchase the product at the beginning of next year.

Sincerely,

Christian Neau