VantagePoint

Software Reviews

by John

Tue 03rd Jun '14

VantagePoint is an end-of-day market analysis and charting package based on proprietary trading indicators. The indicators, based on L. Mendelsohn’s trading philosophy and strategies, have been refined since 1991. VantagePoint offers trading in stocks, futures, currencies and ETFs.

VantagePoint is a neural network engine, which performs intermarket analysis of the target instrument (i.e. BoA) and 25 correlated markets/instruments. The analysis outcome is presented by proprietary versions of standard indicators (MACD) that predict the next day’s values (hence predictive MACD). A proprietary neural index predicts market direction, and attempts to eliminate market noise. Over the course of many years, independent third parties have verified the accuracy of this proprietary technique as around 80 per cent. Traders can combine the proprietary indicators based on their market understanding and trading preferences.

There are numerous options; sufficient to suit all types of traders. Once a trade is executed the predictive indicators guide the trader in setting trailing stops and a trade exit. The interface is very simple, easy to use and very intuitive. To fully utilise the advantages offered by VantagePoint, detailed training is recommended. The company offers excellent customer support - their sales support team is superb. I had some technical problems with the settings on my PC and the support offered was extremely instant and effective.

The price is inclusive of the personalised one-on-one telephone training and ongoing support, which is based on the number of markets and categories within the markets traded. VantagePoint offer a vast array of training videos for users of all levels. I recommend that any new user read the book by Mendelsohn. Once a trading tactic is chosen, VantagePoint provides an scanner to report instruments where the strategy conditions have been met. Being an end-of-day trading system, the trading overhead should always be minimal.

VantagePoint, at least in my opinion, is an ideal platform for a trader looking for software that does the market analysis and permitts the user to choose markets and trading parameters. Its market longevity and good reviews provide a strong recommendation for VantagePoint as the number one option for a trader who has a limited amount of time to spend trading. The initial learning time, however, is very in-depth and hence I would only sugges to intermediate or advanced traders.

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