Quote:
Originally Posted by egkid
Hello all,
I'm looking for ew program and i can see there are
DT- MTP-Advnced get, Which one is the best?
What's your view for e/u and u/cad?
Thanks
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I was using both (a) MTPredictor5 (eod) on Windows XP from 2006 but have since stopped using it as I had problem in installing it in my laptop with Window Vista and (b) Advanced Get eod back in 1999 or earlier.
It is NOT so much which EW software is best as both have their strengths and weaknesses. It is more of which one do I have a preference.
MTPredictor5 gives Buy/Sell signals with Stop Loss and Risk Management (advises you how much to bet based on your balance deposit and how much to risk via a stop loss). Its predictions are IDENTICAL with Advanced Get - same wave labelling.
On the other hand, Get is NOT a mechanical EW trading system ie it does NOT give Buy/Sell signals - you have to evaluate yourself. IT LABELS/NUMBERS THE WAVES. This will make it more difficult for traders to make an entry decision (if they are not thoroughly familiar with the software peculiarities). GET has some very good proprietary technical analysis tools which are NOT present in many commercial EW softwares, which facilitates the identification of buy/sell trading opportunities.
General: Fully understanding the capabilities and limitations of the software is vital to your choice. This takes time, friend, and no easy task. Personally, I prefer Advanced Get.
I shall give my views on the EURUSD and USDCAD in a separate post, based on the EW charts from Advanced Get.