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Re: [EquisMetaStock Group] Metastock - any predictive capability?



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Parthasarathy,

Unfortunately I do not have any random charts to provide you as I 
myself just recently ordered the program and waiting for it to 
arrive.  It came highly recommended to me by a trader friend in 
Australia.  I also gave Tony Beckwidth (MTPredictor Sales Mgr) a 
call in the U.K. and drilled him on EW setups that the program 
provides.  As I am fairly familiar with trading EW I new what to ask 
him and he provided sincere answers which were acceptable to me.  I 
currently have access to the daily newsletters and usergroup so I've 
been able to see what kind of trades have been taken over the past 
3yrs since the original version's inception. The program and its 
developer also provides specific trading techniques which involve 
the money management side.  I'm also an owner of Elliottwave 
Analyzer III which provides amazingly accurate target ranges.  I 
don't care much for the scanner hence why I'm supplementing the 
scanner side of EW with MTP.  

I can't speak for AlphOmega waves as I have not used it.  For the 
price, it may be worth it but since my copy of Metastock 8.0 now 
sits on the shelf, I probably won't pursue looking at it.

I don't know if this information is of much use to you but if 
nothing else, you have not been alone in your pursuit for a good 
trading program that also does Elliottwave.

If there is anyone technique involving EW that I can recommend to 
you, find a good EW trading program that provides "accurate" 
forecasts and combine that with a real time fibonacci based program 
which provides target areas overlapping in realtime.  I use the 
Autowave tool in Qcharts with EWA III, and have the closest thing to 
my own personal holy grail that I will probably ever have.  The only 
draw back is I have no way to autoscan for setups using this 
technique hence again the need for a good EW scanner which MTP has. 
So I primarily use it to analyze indexes.

Best of luck on your EW program quest.

R,
Alan


--- In equismetastock@xxxxxxxxxxxxxxx, Parthasarathy B 
<parthaab@xxxx> wrote:
> Arduston, 
>  
> I tried www.mtpredictor.com Unfortunately, it does not have a 
demo. Maybe a few charts ( selected at random) might be convincing!
>  
> Parthasarathy
> 
> 




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