VantagePoint User’s

Guide 8.0.10

Copyright © 2009 Market Technologies, LLC. All Rights Reserved.

All trademarks, service marks or registered trademarks referred to in
this manual are the property of their respective owners.
 Table of Contents

INTRODUCTION ............................................................................................................1
CHAPTER 1: VANTAGEPOINT FORECASTS .........................................................5
PREDICTED NEURAL INDEX ............................................................................................5
PREDICTED STRENGTH ...................................................................................................7
PREDICTED MOVING AVERAGES ....................................................................................8
PREDICTED CROSSOVERS ...............................................................................................9
PREDICTED DIFFERENCES .............................................................................................13
PREDICTED HIGH AND LOW ..........................................................................................16
PREDICTED MOMENTUM INDICATORS ..........................................................................17
CHAPTER 2: WHAT’S NEW IN VANTAGEPOINT...............................................27
CHAPTER 3: INSTALLATION...................................................................................29
DATA REQUIREMENTS ..................................................................................................29
SYSTEM REQUIREMENTS ..............................................................................................29
INSTALLATION ..............................................................................................................32
CUSTOMER SUPPORT ....................................................................................................41
CHAPTER 4: ACTIVATION, REGISTRATION, AND REACTIVATION...........43
OVERVIEW ....................................................................................................................43
INITIAL ACTIVATION PROCEDURE ................................................................................45
REGISTRATION PROCEDURE .........................................................................................48
REACTIVATION PROCEDURES .......................................................................................52
CHAPTER 5: DATA CONFIGURATION .................................................................55
DATA REQUIREMENTS ..................................................................................................55
CONFIGURE DATA PROVIDER .......................................................................................56
CHAPTER 6: OVERVIEW OF FEATURES .............................................................57
NAVIGATION PANE .......................................................................................................57
VANTAGEPOINT OPTIONS .............................................................................................58
PORTFOLIOS..................................................................................................................62
MARKETS TREE ............................................................................................................72
MARKETS TREE FUNCTIONS .........................................................................................74
TOOLBAR ......................................................................................................................84
MAIN MENU .................................................................................................................89
CHAPTER 7: VIEW CHARTS AND REPORTS .......................................................93
DATA UPDATES ............................................................................................................93
VIEW ALL MARKETS IN A CATEGORY ..........................................................................93
VIEW SPECIFIC MARKETS .............................................................................................94
VIEW SPECIFIC MARKETS AND CONTRACTS .................................................................95
CUSTOMIZE CHARTS .....................................................................................................97
CHART PROPERTIES INDICATORS TAB ........................................................................103
CUSTOM DEFAULT SETTINGS .....................................................................................109
CHART PROPERTIES CUSTOM TREND LINES TAB ........................................................111
OPPORTUNITY CALCULATOR ......................................................................................113
CUSTOMIZE DAILY REPORTS ......................................................................................116
CUSTOMIZE HISTORY REPORTS ..................................................................................117
EXPORT HISTORY REPORT DATA TO EXCEL ...............................................................118
CHAPTER 8: SCAN FOR OPPORTUNITIES ........................................................123
SFO FEATURES AND FUNCTIONS ................................................................................123
IDENTIFY A POTENTIAL POSITION TRADE ...................................................................134
CHAPTER 9: FREQUENTLY ASKED QUESTIONS.............................................141
INSTALLATION ............................................................................................................141
DATA AND CONFIGURATION .......................................................................................141
REPORTS AND CHARTS ...............................................................................................145
ACTIVATION AND LICENSING .....................................................................................151
CHAPTER 10: VANTAGEPOINT LICENSE AGREEMENT ...............................153
 Introduction
Congratulations on your decision to become a VantagePoint
Intermarket Analysis Software customer. VantagePoint gives you an
opportunity to gain an edge over other traders by analyzing how
related markets affect the market you are trading and providing
early clues about market trends and potential trend reversals.
VantagePoint is a user-friendly toolbox of predictive indicators that
can augment your current trading approach by adding a broadened
intermarket perspective to your trading. VantagePoint can help you
stay out of potentially undesirable trades or give you the confidence
to take potentially profitable trades that you might have avoided
previously. The key to successful trading is often decisive action at
the right time and VantagePoint’s predictive indicators can provide
you with that timing edge.
We highly advise that you familiarize yourself with the
VantagePoint features and capabilities so that you can become
comfortable reading its charts and informational reports before you
actually use any of this information to make actual trading
decisions. Remember, the markets will always be there, so you do
not need to chase after a trade because another one will always
come along.
VantagePoint was first released in 1991 by Louis Mendelsohn, a
leading trading software pioneer, and has been revised extensively
over the years as the globalization of the financial markets has
accelerated. It is a very robust software program, analyzing
individual markets from both a single-market as well as an
intermarket perspective.
Recognizing the global nature of the world’s financial markets and
the effects they have on each other, VantagePoint examines the
relationships of twenty-five related markets on each target market
and makes highly accurate trend forecasts based upon the effects of
these underlying and often obscure relationships. Intuitively, you
know that these relationships exist and affect prices in multiple
markets. VantagePoint provides you with a means to capitalize on
these relationships in today’s globally connected markets.
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Using the pattern recognition capabilities of neural networks (a
form of artificial intelligence) and a unique set of intermarket data,
VantagePoint predicts short-term, medium-term and long-term
moving averages from which you can choose, depending on the
time frame of your trading style. Then VantagePoint computes
unique crossover leading indicators based on the difference
between the predicted moving averages and today's actual moving
averages.
Changes in the value of the crossover leading indicator from one
day to the next anticipate market direction and often provide an
early indication that a market trend is about to change direction.
These changes can help you determine if VantagePoint expects
price action in a market to be choppy, maintain its trend, accelerate
its current price movement, or begin to stall out.
Additional independent indicators within VantagePoint may be
used to confirm expected changes in trend direction. When all
indicators agree, there is a high probability that the market will
move in the indicated direction. VantagePoint even predicts the
high and low prices for the next day to help you determine where to
set stops, whether to tighten them, or whether to close out trades.
The Predicted Neural Index, a proprietary indicator, predicts if a
three-day moving average of the typical price (average of the day’s
high, low and close) will rise or fall in the next two days, giving you
additional confirmation regarding the anticipated trend direction.
And the Predicted Strength indicator will suggest which markets
might present the best trading opportunities.

VantagePoint also predicts the MACD, RSI, TSI, and Stochastic

values one day in advance. These predictions will be very valuable
to technical traders who use them to anticipate market sentiment,
trend reversals, and overbought/oversold conditions.
Position traders can utilize VantagePoint's predicted highs and lows
to help set entry points and then use the predicted high/low range
on subsequent days to adjust daily stops. For example, if you are
long in a market and it is expected to continue to move up
tomorrow, you might set your sell stop for tomorrow below

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tomorrow's predicted low. This strategy can help decrease the
likelihood of being stopped out prematurely during the day.
Day traders can use the predictions of the next day's high and low to
help determine entry and exit points. If the indicators on the Daily
Report suggest that tomorrow is likely to be an up day, day traders
can wait for the market to trade down toward the predicted low,
then enter a long position that might then be closed out intraday at
or near the predicted high. On a day when the market is expected to
move lower, a day trader could enter a short position at or near the
predicted high and then exit at or near the predicted low.
Take the time to read the remainder of this User’s Guide, which
offers a comprehensive overview of all of VantagePoint’s features
and functionality. Your VantagePoint package includes two short,
highly-informative books written by Mr. Mendelsohn explaining his
intermarket approach to technical analysis. These will give you an
excellent background on intermarket analysis and show you why
VantagePoint is so unique. The software also includes an extensive
on-line help capability.
VantagePoint opens the door of intermarket analysis to both novice
and experienced traders. It provides a powerful set of predictive
analysis tools, which can be of tremendous benefit to day and
position traders in stock, futures, Forex, and ETF markets.
Because we want you to succeed with VantagePoint as much as
possible, you are entitled to receive reasonable telephone support at
no cost for the first twelve months after you receive your software.
Our highly-trained support personnel can answer any specific
questions that you may have that are not covered in this User’s
Manual, the on-line help, or in Mr. Mendelsohn’s books. If you do
contact Market Technologies for additional telephone support
regarding VantagePoint, we will be happy to assist you, but we
cannot give you any trading advice or specific trade
recommendations, as our support personnel are not licensed
brokers or investment trading advisors. If you need assistance in
this regard, you should contact your broker or investment advisor.

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-4-
 Chapter 1: VantagePoint
Forecasts
The heart and soul of VantagePoint Intermarket Analysis Software
is its market forecasts. VantagePoint applies the pattern recognition
capabilities of neural networks to analyze market data.
VantagePoint uses data from the main market and twenty-five
closely related markets, also known as intermarkets, to make
forecasts for the target market. Technical indicators were
traditionally calculated using only past price data from a single
market; any turning points they indicated would always lag behind
the market. VantagePoint indicators use the price predicted several
days in the future to overcome the lag in the trend.
VantagePoint offers a wide variety of charted forecasts and
predicted technical indicators that can be displayed on a chart,
history report, or daily report. The acronyms in parenthesis below
show how the indicators are identified on the chart headings.

Predicted Neural Index

The Predicted Neural Index (PIndex) is a proprietary indicator that
predicts whether or not a 3-day simple moving average of the
typical price (average of the day’s high, low, and close price) will be
higher or lower two days in the future than it is today. The
Predicted Neural Index compares today’s actual 3-day moving
average to a predicted 3-day moving average.
When the predicted simple 3-day moving average value of typical
prices is greater than today’s actual 3-day moving average value, the
Neural Index is “1.00,” indicating that the market is expected to
move higher over the next two days. When the predicted simple 3-
day moving average value of typical prices is less than today’s actual
3-day moving average value, the Predicted Neural Index is “0.00,”
indicating the market is expected to move lower over the next two
days.

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The performance of the Predicted Neural Index is used to
determine the accuracy of each VantagePoint market. The Predicted
Neural Index is either correct or incorrect which means that its
performance can be measured in terms of percent correct.
VantagePoint has a predictive accuracy rate of approximately 80%
across a wide range of markets and time spans.
Here is how the Predicted Neural Index appears on a VantagePoint
chart and in the Daily Report:

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Predicted Strength
Predicted Strength (PStr) is a 3-day moving average of typical price
predicted two days ahead minus the current 3-day moving average
of typical price.
A value close to zero means that there will be little difference
between the predicted and current moving averages. A relatively
high Predicted Strength value indicates that the predicted moving
average will be much higher than the current moving average. A
relatively low Predicted Strength value indicates that the predicted
moving average will be much lower than the current moving
average. Predicted Strength numbers vary from market to market;
there are no set maximum or minimum values.

Predicted Strength is a confirming indicator that can help you

identify the market that is showing the most strength or weakness
and indicates if the market is getting overbought or oversold.
If other predictive indicators in a number of markets are suggesting
trading opportunities, the Predicted Strength can help you
determine which of those markets might be the best one to actually
trade.

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Predicted Moving Averages
The purpose of moving averages is to smooth out the daily
fluctuations in price so the underlying trend can be observed.
Unfortunately, moving averages introduce lag time. Take the
following example of a rising price:
Monday $1
Tuesday $2
Wednesday $3
Thursday $4
Friday $5
On Friday, the price is $5, but a 5-day simple moving average of the
price would be (1 + 2 + 3 + 4 + 5) / 5 = $3. In this example, a 5-day
simple moving average introduced two days of lag. If the price for
next Monday and Tuesday were known on Friday:
Next Monday $6
Next Tuesday $7
Then a predicted 5-day simple moving average could be calculated
as (3 + 4 + 5 + 6 + 7) / 5 = $5. Thus, we get the benefit of
smoothing with low lag. The idea behind VantagePoint is to use
neural networks and intermarket analysis to produce low lag,
predicted moving averages.
Using “typical prices” – the average of the day’s high, low and close
prices – as the data source, VantagePoint forecasts exponential
moving averages (EMA) for six time periods and simple moving
averages (SMA) of the close for three time periods for use with a
series of predicted indicators:
ƒ Predicted 2-Day EMA Typical One Day Ahead (P2EMA+1)
ƒ Predicted 3-Day EMA Typical One Day Ahead (P3EMA+1)
ƒ Predicted 4-Day EMA Typical Two Days Ahead (P4EMA+2)
ƒ Predicted 6-Day EMA Typical Three Days Ahead (P6EMA+3)
ƒ Predicted 8-Day EMA Typical Two Days Ahead (P8EMA+2)
ƒ Predicted 18-Day EMA Typical Three Days Ahead (P18EMA+3)

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ƒ Actual 5-Day SMA Close (A5SMA)
ƒ Actual 10-Day SMA Close (A10SMA)
ƒ Actual 15-Day SMA Close (A15SMA)

Predicted Crossovers
In general, when VantagePoint’s predicted moving average crosses
above the actual moving average, VantagePoint expects the market
trend to turn up within the forecast time horizon related to each of
these indicators. You can either see the crossover visually on the
chart or numerically in the Daily Report. Note that the list of
numbers in the Predicted Short Term Difference, Predicted
Medium Term Difference and Predicted Long Term Difference
columns in the Daily Report change from red and minus signs to
black and increasingly larger positive numbers to indicate a rising
market.
Conversely, when the predicted moving average crosses below the
actual moving average, VantagePoint expects the market trend to
turn down within the forecast time horizon related to each of these
indicators. Note that the list of numbers in the Predicted Short
Term Difference, Predicted Medium Term Difference and Predicted
Long Term Difference columns in the Daily Report change from
black and positive numbers to red and minus signs and increasingly
larger negative numbers to indicate a declining market.
The crossover indicators are not predicting the trend several days in
the future but use the price predicted several days in the future to
reduce the lag in the trend.

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VantagePoint presents crossover indicators in four pre-defined
chart formats:
ƒ Predicted Short Term Crossover- the Predicted 2-Day EMA
Typical One Day Ahead (P2EMA+1) crosses above or below the
Actual 5-Day SMA Close (A5SMA).

ƒ Predicted Medium Term Crossover- the Predicted 4-Day

EMA Typical Two Days Ahead (P4EMA+2) crosses above or below
the Actual 10-Day SMA Close (A10SMA).

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ƒ Predicted Long Term Crossover- the Predicted 6-Day EMA
Typical Three Days Ahead (P6EMA+3) crosses above or below the
Actual 15-Day SMA Close (A15SMA).

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ƒ Predicted Triple Crossover- incorporates three predicted
moving averages to anticipate changes in market trend direction:
Short-term- Predicted 3-Day EMA Typical One Day Ahead
(P3EMA+1)
Medium-term- Predicted 8-Day EMA Typical Two Days
Ahead (P8EMA+2)
Long-term- Predicted 18-Day EMA Typical Three Days
Ahead (P18EMA+3)

An uptrend is predicted when the short-term predicted moving

average crosses above the medium-term and long-term predicted
moving averages. Some traders may also require the medium-term
to be above the long-term predicted moving average.
A downtrend is predicted when the short-term predicted moving
average crosses below the medium-term and long-term predicted
moving averages. Again, the relationship between the medium-
term and long-term predicted moving averages can be used as an
additional predictive tool. Some traders may also require the
medium-term to be below the long-term predicted moving average.
Using short-term, medium-term and long-term predicted moving
averages reduces lag time while helping screen out false crossovers.
This helps you clearly observe the underlying trend and anticipate
changes in trend direction.
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Predicted Differences
In addition to the crossover indicators, VantagePoint also uses
exponential and actual moving averages to compare against each
other and produce another set of indicators that forecast
strengthening or weakening market trends:
ƒ Predicted Short Term Difference (PTSDiff)- the amount the
predicted 2-Day EMA Typical One Day Ahead (P2EMA+1) is
above or below the Actual 5-Day SMA Close (A5SMA).
ƒ Predicted Medium Term Difference (PTMDiff)- the
amount the Predicted 4-Day EMA Typical Two Days Ahead
(P4EMA+2) is above or below the Actual 10-Day SMA Close
(A10SMA).

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ƒ Predicted Long Term Difference (PTLDiff)- the amount the
Predicted 6-Day EMA Typical Three Days Ahead (P6EMA+3) is
above or below the Actual 15-Day SMA Close (A15SMA).
ƒ Predicted High Difference (PHighDiff)- the amount that
today's Predicted High is above or below yesterday's actual high.
ƒ Predicted Low Difference (PLowDiff)-the amount that
today's Predicted Low is above or below yesterday's actual low.

Predicted difference indicators can be used in conjunction with the

Predicted Neural Index to confirm the trend direction or to indicate
that a trend may be ready to reverse. If you prefer a more visual
display, the difference values can be shown on the bottom of a
VantagePoint chart. If the chart shows a predicted moving average
crossover, the slope or angle of the predicted difference indicator(s)
should be in agreement with the slope or angle of the predicted
moving average to provide confirmation for a trade.
If you prefer to look at numbers, the Daily Report provides the
predicted difference indicator values in three columns related to the
time frame of your trading strategy. If a series of difference
numbers changes from negative to positive or the numbers become
less negative, it suggests strength and the market trend may rise
(indicated by R for rising on the 10-year T-note table in the Daily
Report below). If a series of difference numbers changes from
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positive to negative or the numbers become less positive, it suggests
weakness and the market trend may decline (indicated by F for
falling on the table below).
Note how the predicted difference numbers relate to the Predicted
Neural Index reading for the same day. How aggressively you wish
to trade the changes in numbers or the slope of the indicator will
depend on your trading strategy and risk propensity.

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Predicted High and Low
VantagePoint also produces forecasts for the next day’s expected
high and low. Knowing the probabilities for the next day’s range,
day traders can position themselves within these targets, or position
traders can use breakouts of the predicted range to take positions or
to place their stops.

Predicted High (PHigh)- the predicted high for the selected

date.
Predicted Low (PLow)- the predicted low for the selected date.
Note: On the chart, the values of the next day’s predicted highs
and lows are displaced one trading day into the future so
the predicted highs and lows are charted on the day for
which the values are expected to occur, much like a chart
showing a displaced moving average. On the Daily Report,
these values are shown on the day the predictions were
made. On a Daily Report these values are named Predicted
Next Day High and Predicted Next Day Low to indicate that
they are predicted to occur on the next trading day.

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Predicted Momentum Indicators
VantagePoint generates predictions for many of the most widely-
used momentum indicators. These indicators work best when
markets are trading within a range or in choppy market conditions.
When a market moves into an extended trend, a momentum
indicator may give false information about a trend change for long
periods of time before the price trend actually does change.
Momentum indicators can be used in the following general ways:
ƒ Value and position of the indicator line- the location of the
indicator reading on a scale typically between 0 and 100 reflects
when a price trend may be weakening or strengthening by
comparing the current value with previous values.
ƒ Overbought/oversold- if the predicted momentum indicator
exceeds a prescribed boundary, this indicates the market may be
becoming overbought or oversold. The market may be due for a
correction that will bring the indicator reading back within the
specified boundaries.

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ƒ Divergence- divergence between the predicted momentum
indicator and market prices may indicate upcoming changes in
market sentiment. For example, if prices are rising and make
higher highs but the predicted momentum indicator turns
downward and makes lower lows, as the chart below illustrates,
this could indicate a bearish turn. If the predicted momentum
indicator turns upward while prices are rising and reaching new
highs, this could indicate a bullish turn.

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Predicted MACD (Moving Average Convergence
Divergence)

Predicted MACD is another way of using moving averages to predict

market changes. PMACD charts the difference between two
predicted exponential moving averages and uses another
exponential moving average of the PMACD as a trigger for trading
decisions.

Predicted MACD (PMACD) predicts the MACD value one

trading day ahead. MACD is a trend-following momentum indicator
calculated by subtracting a 20-day exponential moving average
from a 10-day exponential moving average.
MACD Trigger (Trigger) predicts the MACD trigger one day
ahead. The MACD trigger is calculated as a 9-day exponential
moving average of the MACD.
When the PMACD line crosses below the Trigger line, this predicts
a possible reversal of the current uptrend to a new downtrend.
When the PMACD line crosses above the Trigger line, this predicts a
possible reversal of the current downtrend to a new uptrend.
Another crossover indicator occurs when the PMACD crosses above
or below the zero line.

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PMACD can also be used as an overbought/oversold detector when
it pulls away from the Trigger, suggesting the price of the market
may be due for a correction that will bring the averages back
together. PMACD can also be used to spot underlying strength or
weakness when its movement diverges from the movement of
prices.

Predicted RSI (Relative Strength Index)

As its name implies, the Predicted Relative Strength Index (PRSI) is

a momentum indicator that calculates a market’s strength or
weakness by comparing recent price gains to price losses.

Predicted RSI (PRSI) predicts the 14-day relative strength index

(RSI) one day ahead.
The PRSI compares an average of up closes to an average of down
closes for a specified period to predict a market’s strength or
weakness one day ahead. The PRSI is plotted on a scale of 0 to 100.
Readings above 70 predict an overbought market; readings below
30 predict an oversold market (thresholds indicated by dashed lines
on chart). Predictions above 70 or below 30 suggest that the market
may be making a top or bottom in the next day.

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Predicted True Strength Index

The Predicted True Strength Index (PTSI) is known as a "double

smoothed" moving average. A 20-day exponential moving average
is applied to the difference in predicted typical prices and then a 10-
day EMA is applied to the result.

Predicted TSI (PTSI) predicts the True Strength Index (TSI) one
trading day in advance. The True Strength Index is a momentum
indicator that was derived from the Relative Strength Index (RSI)
and identifies overbought or oversold conditions. The Predicted TSI
(black line) is plotted with a trigger (blue line).
TSI Trigger (Trigger) is a 7-day exponential moving average of
the Predicted TSI.
Market reversals may be anticipated when the TSI crosses over the
trigger line. Predicted TSI values can range from +100 to -100. The
VantagePoint chart also shows dashed lines at +25 and -25. A PTSI
value greater than +25 predicts an overbought condition; a PTSI
value lower than -25 predicts an oversold condition. You may also
look for divergence between TSI and price and use these to
anticipate if a trend will continue or if a reversal will occur.
Trend and momentum changes are predicted when the PTSI line
crosses the trigger line.
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Predicted Stochastic

The Predicted Stochastic (PStoch) indicator is based on the position

of the close relative to the high or low of the day. During periods of
price decreases, the daily closes tend to accumulate near the daily
lows. During periods of price increases, the daily closes tend to
accumulate near the daily highs. The Predicted Stochastic indicator
is an oscillator designed to predict overbought and oversold
conditions one day in advance.

Predicted Stochastic (PStoch) predicts a 14-day stochastic

oscillator (%K) one day ahead, comparing the market’s current
close to its price range over a period of time.
Stochastic Trigger (Trigger) predicts a 3-day moving average
(%D) of the stochastic oscillator (%K) one day ahead.
The Predicted Stochastic charts the two lines, Predicted Stochastic
(%K) and Stochastic Trigger (%D), plotted on a scale ranging from
0 to 100. Readings above 80 predict an overbought condition;
readings below 20 predict an oversold condition (thresholds
indicated by dashed lines on chart).

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The Predicted Stochastic (%K) line is faster and more sensitive than
the Stochastic Trigger (%D) line. When the Predicted Stochastic
(%K) crosses over the Stochastic Trigger (%D) line in overbought
(>80) or oversold (<20) territory, this could be an indication that
the market is about to reverse course.
The table below shows the abbreviation and definition of each value
that appears in VantagePoint:
Value Abbreviation Definition

Actual 5-Day A5SMA Actual 5-day simple moving average of close

SMA Close prices.
Actual 10- A10SMA Actual 10-day simple moving average of close
Day SMA prices.
Close
Actual 15- A15SMA Actual 15-day simple moving average of close
Day SMA prices.
Close
Close C Actual final price at which a market is traded
on a given day. Some exchanges use
settlement price to represent the close.
High H Actual highest price at which a market is
traded on a given day.
Low L Actual lowest price at which a market is traded
on a given day.
MACD Trigger Predicts the MACD trigger one day ahead.
Trigger The MACD trigger is calculated as a 9-day
exponential moving average of the MACD.
Open O Actual first price at which a market is traded
on a given day.
Open Interest OI Actual number of outstanding long or short
positions for a particular futures contract. A
measure of liquidity.

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Value Abbreviation Definition
Predicted 2- P2EMA+1 Predicts a 2-day exponential moving average
Day EMA of typical price one trading day ahead.
Typical One
Day Ahead
Predicted 3- P3EMA+1 Predicts a 3-day exponential moving average
Day EMA of typical price one trading day ahead.
Typical One
Day Ahead
Predicted 4- P4EMA+2 Predicts a 4-day exponential moving average
Day EMA of typical price two trading days ahead.
Typical Two
Days Ahead
Predicted 6- P6EMA+3 Predicts a 6-day exponential moving average
Day EMA of typical price three trading days ahead.
Typical Three
Days Ahead
Predicted 8- P8EMA+2 Predicts an 8-day exponential moving average
Day EMA of typical price two trading days ahead.
Typical Two
Days Ahead
Predicted 18- P18EMA+3 Predicts an 18-day exponential moving
Day EMA average of typical price three trading days
Typical Three ahead.
Days Ahead
Predicted PHigh Predicts the high that will occur on the
High selected date.
Predicted PHighDiff The difference between today's Predicted
High High and yesterday's actual high.
Difference
Predicted PLow Predicts the low that will occur on the selected
Low date.

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Value Abbreviation Definition
Predicted Low PLowDiff The difference between today's Predicted
Difference Low and yesterday's actual low.
Predicted Long PTLDiff The amount the Predicted 6-Day EMA
Term Difference Typical Three Days Ahead (P6EMA+3) is
above or below the Actual 15-Day SMA
Close (A15SMA).
Predicted MACD PMACD Predicts the moving average convergence
divergence (MACD) one day ahead.

Predicted PTMDiff The amount the Predicted 4-Day EMA

Medium Term Typical Two Days Ahead (P4EMA+2) is
Difference above or below the Actual 10-Day SMA
Close (A10SMA).
Predicted Neural PIndex Predicts if a 3-day simple moving average
Index of the typical price will be higher or lower
two trading days in the future.
Predicted Next PNHigh Predicts the high for the next trading day.
Day High
Predicted Next PNLow Predicts the low for the next trading day.
Day Low
Predicted RSI PRSI Predicts the 14-day relative strength index
(RSI) one day ahead.
Predicted Short PTSDiff The amount the predicted 2-Day EMA
Term Difference Typical One Day Ahead (P2EMA+1) is
above or below the Actual 5-Day SMA
Close (A5SMA).
Predicted PStoch Predicts a 14-day stochastic oscillator
Stochastic (%K) one day ahead.

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Value Abbreviation Definition
Predicted PStr A 3-day moving average predicted two days
Strength ahead minus the current 3-day moving
average.
Predicted TSI PTSI Predicts the True Strength Index (TSI) one
day ahead.
Predicted TSI Trigger A 7-day exponential moving average of the
Trigger Predicted TSI.
Stochastic Trigger Predicts a 3-day moving average (%D) of the
Trigger stochastic oscillator (%K) one day ahead.
Volume Vol The number of shares or contracts traded
during the session. For equities, multiply the
number displayed in VantagePoint by 100.

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 Chapter 2: What’s New in
VantagePoint
The Predictive Technologies Group, responsible for the
development of VantagePoint, is proud of recent software
innovations. Our latest version includes many new features that
improve the overall user experience.
ƒ Bond and Note Values- the 30 Year U.S. Treasury Bonds and 2,
5, and 10 Year U.S. Treasury Notes are now reported using the
same minimum price fluctuation as the exchange. The 30 Year
Bonds and 10 Year Notes have a minimum price fluctuation in
multiples of one-half of 1/32. The 2 and 5 Year Notes have a
minimum price fluctuation in multiples of one-quarter of 1/32.
ƒ Scan for Opportunities- helps screen potential trading
opportunities in charts or reports that are open in a portfolio.

ƒ Opportunity Calculator- determines the monetary value

associated with a price move.

ƒ Custom Trend Lines- draw one or more trend lines on a chart

and link the start and end points to a day’s open, high, low, or
close, if desired.

ƒ User-defined default chart and report settings- allow you

to determine which indicators VantagePoint will display by default
each time it opens a new chart or report.

ƒ User-defined global options- allow you to control settings

such as default contract, number of contracts displayed in the
Markets Tree, and how much historical data to use when creating
charts or reports.

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- 28 -
 Chapter 3: Installation
Data Requirements
VantagePoint requires end-of-day data from a compatible data
provider. Because Commodity Research Bureau (CRB) is the
preferred data provider, a CRB Power System Software CD was
included in your shipment. This provides rapid access to the data
required by VantagePoint. However, you must purchase a data
subscription to download end-of-day data on an ongoing basis. The
chapter on configuration describes the VantagePoint data
requirements in detail.

System Requirements
Windows

Processor
ƒ 600-megahertz (MHz) Pentium III-compatible or faster
processor; 1-gigahertz (GHz) or faster processor recommended

Operating Systems
ƒ Windows XP with Service Pack 2 or later
ƒ Microsoft Windows 2000 Professional with Service Pack 4
ƒ Windows Vista

Note: We recommend running Windows Update to obtain the

latest patches, service packs, and other updates before
installing VantagePoint.

Memory
ƒ 256 MB RAM minimum; 1 gigabyte (GB) or more recommended
for use on Windows XP or Windows 2000
ƒ 2 GB is recommended for use on Windows Vista
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Hard Disk
ƒ Approximately 400 MB of available hard-disk space for the
recommended installation
ƒ Up to approximately 800 MB of additional available hard-disk
space for data provider software and data

Drive
ƒ CD-ROM drive

Display
ƒ Super VGA (1,024x768) or higher-resolution video adapter and
monitor

Other Devices
ƒ Microsoft Mouse or compatible pointing device

Other Requirements
ƒ Microsoft Internet Explorer 6.0 SP1 or later
ƒ Administrator privileges
ƒ Internet Connection
ƒ Framework: You must complete the .NET Framework 2.0
installation which is included with VantagePoint.

Mac

Note: VantagePoint does not run directly on the Mac OS. It

requires a Windows environment which can be established
using BootCamp on an Intel-based Mac.
Processor
ƒ Intel-powered

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Operating System
ƒ OS X 10.5 and greater, and the following:
1. BootCamp
2. A registered copy of either Microsoft Windows XP
(Home or Professional) or Microsoft Windows Vista
(Home or Business or Ultimate).
Memory
ƒ 2 GB system RAM

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Installation
If you determined that your computer meets the VantagePoint
system requirements, you may begin the software installation as
described below.
Anti-virus and firewall programs can interfere with normal software
installations. We recommend that you temporarily disable your
anti-virus and firewall programs before installing VantagePoint.
Please remember to enable all security programs after VantagePoint
is successfully installed.
Note: The following instructions describe installing VantagePoint
on a completely unmodified version of Windows XP, SP2. It
is possible that your computer may already have some of
the required components. If so, you will not see all of the
screens that are described below.
1. Place the VantagePoint CD into your CD-ROM drive. After a
brief delay the installation process will automatically begin.
Click Next.

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2. Read the nine statements that appear on the Disclaimer
screen. Click in the circle to the left of “I Understand and
Agree to the Terms” to acknowledge that you have read,
understand, and agree with each statement. Click Next.

3. Read the license agreement carefully. Click in the circle to

the left of “I Understand and Agree to the Terms” if
you accept the terms. Click Next.

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4. If necessary, the Windows Installer is updated. Click Next.

5. Click in the circle to the left of I Agree to accept the License

Agreement. Click Next to continue.

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6. Click Finish to restart your computer and complete the
update of Windows Installer 3.1.

7. Click Next on the Welcome to the Microsoft .NET

Framework 2.0 Setup screen.

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8. Left click to put a check mark in the box to the left of “I
accept the terms of the License Agreement”. Click
Install.

9. Microsoft .NET Framework 2.0 Setup begins installing

components.

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10. Click Finish to complete the .NET Framework 2.0 Setup.

11. VantagePoint installs the SQL Server Instance. Files are

extracted.

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12. The SQL Server installation begins by Installing
Prerequisites.

13. The Setup Progress screen shows which components are

being configured.

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14. Accept the default settings on the Select Installation
Folder screen. Click Next.

15. Click Next to start the installation.

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16. Read the information about VantagePoint’s data
requirements. Click Next.

17. Click Close to complete the installation.

18. You now have a VantagePoint icon on your desktop and can
proceed with the brief, one-time configuration process.

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Customer Support
Market Technologies offers customer support Monday - Friday
9:00 AM to 5:00 PM Eastern Time. Customer support is free for the
first year after you first receive the software. Support can answer
questions involving installation, configuration, registration, and
daily use.
Phone: 813-973-3875
Email: [email protected]

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- 42 -
 Chapter 4: Activation,
Registration, and
Reactivation
Your VantagePoint software requires initial activation, registration
of specific categories, and periodic reactivation. These security
procedures use technologies that prevent software piracy and
protect your investment in VantagePoint.

Overview
Activation Key

Market Technologies Customer Support emailed your activation key

after you ordered VantagePoint. You will use the same activation
key to complete initial activation, register specific categories, and
reactivate periodically. You will also use this activation key if you
want to make category exchanges or transfer VantagePoint from
one computer to another.
You should keep a readily accessible record of your activation key.
However, Market Technologies Customer Support keeps a record of
your activation key and can provide it to you if necessary.

Initial Activation

VantagePoint must be activated before you can begin using it. After
completing the initial activation, you will have access to all market
categories during the registration period. This registration period
gives you the opportunity to consider a variety of categories and
then decide which ones you would like to register.
Activation and registration are linked to a specific computer. The
activation server collects hardware information from your computer
and uses it to create a unique hardware ID. This hardware ID is

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referenced each time you submit a request to activate, register, or
reactivate. This means you must register and reactivate
VantagePoint on the same computer that was used for the initial
activation.

Registration

You must contact Market Technologies Customer Support to

register your categories before the end of the registration period. A
technician will create a registration that is specific to your category
selection. You will no longer be able to access any categories if you
have not registered VantagePoint before the end of the registration
period.

Reactivation

VantagePoint requires periodic reactivation. By default, this

function occurs automatically over the Internet and does not
require your intervention. Although the default can be changed to
permit manual reactivation, this is not recommended.
Activation, registration, and reactivation are required and can be
completed rapidly over the Internet. You follow similar procedures
if you want to make a category exchange or move VantagePoint
from one computer to another. All of these activities are described
in click-by-click detail in the following sections.
Most of the security-related procedures happen “behind-the-
scenes” on the activation server. This allows you to follow the same
simple steps in the “Activation Wizard” to complete initial
activation, registration, and reactivation. As a result, the
terminology used in the “Activation Wizard” will be the same
whether you are performing initial activation, registration, or
reactivation.

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Initial Activation Procedure
You received your activation key by email after you ordered
VantagePoint. This key is required by the initial activation process,
so please take a moment to retrieve it from your email. Contact
Market Technologies Customer Support if you did not receive your
activation key.
Have your activation key available, connect to the Internet, and
then follow these steps to activate your software:
1. Double-click the VantagePoint icon on your desktop.
2. The Activation Wizard appears after a brief delay. Click
Next.

- 45 -
3. Market Technologies Customer Support emailed you an
activation key after you ordered VantagePoint. Copy the
activation key from your email and then paste it into the
blank box on this screen. Click Next.

4. The activation server reads the hardware code of your

computer and downloads activation details.

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5. Click Finish to exit the Activation Wizard. Initial activation
is now complete.

6. VantagePoint opens automatically after a brief delay.

7. The “Activated” message on the status bar confirms that
your copy of VantagePoint is activated.

8. You may now proceed with the brief, one-time data

configuration and begin viewing charts and reports.

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Registration Procedure
Activation allows you to run VantagePoint on a particular computer
and access all categories during the registration period.
Registration, which must take place within the registration period,
gives you ongoing access to the specific categories that you have
licensed. You must register VantagePoint on the same computer on
which it was initially activated.
Note: You will not be able to access any categories if you do not
register VantagePoint before the end of the registration
period.
You must use your initial activation key during the registration
process. Market Technologies Customer Support has a record of
your activation key and can provide it to you if necessary.
Have your activation key available, connect to the Internet, and
then follow these steps to register your software:
1. Contact Market Technologies Customer Support:
Phone: 813-973-3875
Email: [email protected]
Let support know which categories you would like to register.
A technician will update your profile on the activation server.
When this is complete, the technician will direct you to
proceed with steps 2 - 7.
Note: The screenshots in the following instructions refer to
activation or licensing instead of registration. This
limitation in terminology is imposed by the activation
server which does not differentiate between initial
activation, registration, or reactivation.
2. Click Help on the VantagePoint main menu. Then click
Activate VantagePoint on the drop down menu.

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3. Click Activate VantagePoint.

4. The Activation Wizard appears. Click Next.

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5. Use the same activation key that Market Technologies
Customer Support emailed you after you ordered
VantagePoint. This is the same key that was used to complete
the initial activation. Copy the activation key from the email
and then paste it into the blank box on this screen. Click
Next.

6. VantagePoint obtains the license information from the

activation server. This license information includes the
specific categories that you chose to register.

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7. Click Finish to exit the Activation Wizard. Activation is
complete. This means that VantagePoint was successfully
registered.

8. The Markets Tree gives a quick visual confirmation of your

registration status. The yellow lock icon no longer appears
by the names of your registered categories.
The screenshot below shows a combination of registered and
unregistered categories. In this example, Energies, Grains,
Meats, Metals, and Softs are registered. However, Currency
Futures, ETFs, Forex Pairs, Indices, and Interest Rates are
unregistered and display the yellow lock icon.

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Reactivation Procedures
Automatic Reactivation

You MUST reactivate VantagePoint regularly to ensure

uninterrupted access to charts and reports. By default,
VantagePoint is set to reactivate automatically over the Internet.
Although automatic reactivation is highly recommended, you can
change the default setting to allow manual reactivation. Follow the
steps below to turn off automatic reactivation and complete the
manual reactivation procedure.

Manual Reactivation

1. Close any open portfolio.

2. Click File on the main menu.
3. Click Options on the drop down menu.

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4. This displays the Reactivation tab of the VantagePoint
Intermarket Analysis Software Options screen.
Remove the check mark from the box to the left of
“Automatically reactivate and don’t show status
notifications”. Click OK to exit and apply the new setting.

5. VantagePoint will begin to display reactivation reminders on

the status bar five days before expiration.
6. It is not necessary to contact Market Technologies Customer
Support each time VantagePoint gets close to the expiration
date. Just use your original activation key and follow the
steps in the Activation Wizard to complete manual
reactivation.
Note: The screenshots in the Registration Procedure
instructions refer to activation or licensing instead of
reactivation. This limitation in terminology is imposed by
the activation server which does not differentiate between
initial activation, registration, or reactivation.

- 53 -
Category Changes

Market Technologies Customer Support will update your

registration whenever you license additional categories or request
an exchange. Reactivate VantagePoint to incorporate the updated
registration and obtain immediate access to your new category
selection.
Note: All customers are allowed ONE free exchange. This means
that in ONE phone call you may switch as many categories
as desired, free of charge. There is a charge for EACH
additional exchange.
Contact Market Technologies Customer Support and let them know
exactly what exchange you would like to make. A technician will
then direct you to reactivate your software using the original
activation code. After this process is complete you will have access
to the new selection of categories.

Transfer

VantagePoint can only be activated, registered, and reactivated on

one computer. Contact Market Technologies Customer Support if
you need to transfer your software to a new computer. A technician
will help you deactivate VantagePoint on your original computer
and then activate it on your new one.

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 Chapter 5: Data
Configuration
VantagePoint analyzes end-of-day market data from a compatible
data provider. This chapter describes how to configure
VantagePoint to use this data to generate reports and charts.

Data Requirements
The VantagePoint Preferred Data Provider is:
Commodity Research Bureau (CRB)
Software: CRB Power System
Sales: 800-621-5271
Technical Support: 800-621-5271
Website: www.crbtrader.com
Commodity Research Bureau (CRB) offers VantagePoint customers
special pricing discounts and is fully up to speed on the interaction
between CRB data and VantagePoint. A CRB data disk was
included in your VantagePoint software shipment to facilitate you
getting up and running with VantagePoint quickly.
Your data provider’s technical support staff can assist you with
installing their data retrieval software, copying the VantagePoint
market data to your hard drive, and downloading daily updates.

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Configure Data Provider
1. Install the VantagePoint Edition of the CRB Power System
Software. Distribute historical data from the startup CD and
retrieve data from the CRB DataCenter.
2. Open VantagePoint by double clicking the program icon that
is located on your desktop.
3. When you open the program for the first time, the
Configure Data Provider screen automatically appears.
Click in the circle to the left of Commodity Research
Bureau CRB. The default data folder, C:\CRB 80, will
then be shown in the box labeled "Please select the folder
that contains market data".

4. Click OK to accept the settings and complete the

configuration process. You can start viewing charts and
reports.

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 Chapter 6: Overview of
Features
This chapter gives an overview of the features and functions of the
VantagePoint user interface. It includes descriptions of the
Navigation Pane, VantagePoint Options, Portfolios, Markets Tree,
Search, Toolbar, Main menu, and Statusbar.

Navigation Pane
The Navigation Pane displays the Portfolios and Markets Tree that
are described in detail later in this chapter. Use auto hide to control
the position of the Navigation Pane.

Auto hide

ƒ Single-left click the pushpin icon to activate auto hide.

ƒ Click outside of the Navigation Pane and it slides to the left side of
your screen, out of view.

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ƒ Click the Navigation Pane tab to unhide. The pane then slides
back to its original position.

ƒ Single-left click the pushpin icon if you would like to deactivate

auto hide.

VantagePoint Options
VantagePoint Options allow you to control how much data is
processed when charts are created, number of contracts displayed
in the Markets Tree, default contract to open, maximum number of
tabs to open, price adjustments to ignore, and if VantagePoint is
reactivated automatically. To access the options:
ƒ Click File on the main menu.
ƒ Click Options on the drop down menu.

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General Tab

The settings on the General tab control data, contracts, tabs, and
adjustments.

ƒ Open portfolios faster by “excluding data before”- By default

VantagePoint processes all available data each time it creates a
chart or report. Most markets have data that begins in 2000 and
the necessity of processing several years of main and intermarket
data can affect performance, especially when opening multiple
charts and reports.
ƒ Click the down arrow to the right of the Data Begin Date box to
access a calendar. Click on the desired date to select it. Or type a
different year directly in the box.

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ƒ Adjust the maximum tabs allowed to open- By default
VantagePoint opens a maximum of 200 tabs (a tab is defined as a
single chart, history report, or daily report). However, your
computer’s system resources may allow you to open more or less
tabs. Click the up or down arrow to the right of the box to edit the
maximum number of tabs.

ƒ Limit the contracts displayed in the Markets Tree - By

default the Markets Tree displays all of the contracts that are
present in the data. This can amount to several years of futures
contracts for each market. You can limit the number of contracts
displayed in the Markets Tree by changing the Contract Begin
Date and/or Contract End Date. Click the down arrow to the
right of either of these boxes and click on the desired date. Or type
a different year directly in one or both of these boxes.

ƒ Change the default contract to open- By default, VantagePoint

opens the current futures contract (as determined by the contract
last trading day). To change this, click the down arrow to the right
of this box and select either Cash or Continuous.

ƒ Determine when to receive market price adjustments

notifications- When VantagePoint creates a new chart or report,
it looks for changes that were made to the actual data and
generates a notification message. You can set the software to
- 60 -
 ignore adjustments that are less than a desired percentage of the
previous price. VantagePoint will not display a notification
message unless the adjustment exceeds this threshold.

Reactivation Tab

ƒ VantagePoint is set to reactivate automatically. Changing this

setting is not recommended. However, if you want to reactivate
VantagePoint automatically, remove the check mark from the box
to the left of “Automatically reactivate and don’t show
status notifications”.

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Portfolios
Portfolios provide an easy way to create and save functional groups
of charts and reports. Time spent setting up portfolios is a good
investment which will greatly reduce the time required for daily
market analysis.
For example suppose that you mainly trade the EUR / USD.
However, as part of your daily decision making process you also
review the predictions for Gold, NY Light Crude Oil, and the British
Pound futures. You could create a portfolio named EUR / USD.
Open all of the charts or reports for the markets listed above.
Customize as desired and save the portfolio. The next time you open
the EUR / USD portfolio it will look exactly the same as it did when
it was saved. This saves a great amount of time because you do not
need to open every chart or report separately and then customize
them again.

Default Portfolio

VantagePoint has a Default Portfolio which opens automatically at

startup. This allows you to start viewing charts and reports
immediately after the software is configured.

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General Information

ƒ Click on the Maximize Up arrow to the right of Markets to expand

the Portfolios window.
ƒ A portfolio must be open before VantagePoint will create Charts,
Daily Reports, or History Reports.
ƒ By default, VantagePoint opens a portfolio at startup. You can
choose a different startup portfolio or specify that no portfolio
should be automatically opened at startup.
ƒ The name of the open portfolio is displayed in the VantagePoint
title bar.
ƒ When you close the portfolio, the program background changes
from white to dark grey.
ƒ You can save one or more Charts, Daily Reports, or History
Reports in a portfolio and then open that portfolio later to restore
them all.
ƒ The portfolio not only saves the properties of each Chart, Daily
Report, or History Report, but also the layout of all the charts and
reports on the screen.

Portfolio Menu

Use the Portfolio menu to change the selected portfolio or right

click on a portfolio name to display its context menu.

Add a new Portfolio

ƒ Right click anywhere on the area labeled Portfolios.

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ƒ Click New on the drop down menu.

ƒ This adds “New Portfolio” to the list of portfolio names.

ƒ Type directly over “New Portfolio” to rename. Press the Enter key
on your keyboard to save the new name.
ƒ Open all of the Charts, Daily Reports, and History Reports that
you would like to include in the new portfolio. Customize each
Chart, Daily Report, or History Report as desired. These custom
settings are saved when you save the portfolio.

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Save the new Portfolio

ƒ Right click on the new portfolio name.

ƒ Click Save on the drop down menu.

ƒ The portfolio saves a snapshot of all the open charts and reports,
their properties, and their layout on the screen. In addition, the
current page setup properties are saved in the portfolio.
Note: Choose carefully when saving changes. What you see when
you save changes is what you will get the next time you
open the portfolio.

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Open a Portfolio

ƒ Right click on the name of the Portfolio that you want to open.
ƒ Click Open on the drop down menu.

ƒ Only one portfolio can be open at a time. Opening a portfolio will

automatically close the current one. If any changes have been
made to the current portfolio, you will be prompted to save them
before it is closed.

Set a Portfolio to open automatically at startup

ƒ Right click on the name of the portfolio that you want to open
automatically.

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ƒ Click Set Startup on the drop down menu.

ƒ A green checkmark is displayed to the left of the startup portfolio.

In the picture shown below, “Forex” is set to open automatically at
startup.

Note: A startup portfolio is not required. Follow the steps

described above but select Clear Startup from the menu.
This will remove the green checkmark to the left of the
portfolio name and it will no longer open automatically
upon startup.

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Delete a Portfolio

ƒ Right click on the name of the portfolio that you want to delete.
ƒ Click Delete on the drop down menu.

ƒ A message appears which asks you to confirm the deletion. Click

Yes to delete the portfolio. Click No to keep the portfolio.

Note: Choose carefully. There is NO way to restore a deleted

portfolio. You have to manually recreate it.

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Rename a Portfolio

ƒ Right click on the name of the portfolio that you wish to rename.
ƒ Click Rename on the drop down menu.

ƒ Type the new portfolio name in the box and press the Enter key
on your keyboard.

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Close an Open Portfolio

ƒ Right click on the name of the open portfolio.

ƒ Click Close on the drop down menu.

ƒ If changes were made to the portfolio, a message appears which

asks if you want to save these changes. Click Yes to save the
changes and close the portfolio. Click No to discard the changes
and close the portfolio. Click Cancel to keep the portfolio open.
This gives you the opportunity to review the portfolio and decide if
you want to save the changes.

Rollover Contracts

Use the Rollover Contracts function to maintain only current

contracts in a portfolio. VantagePoint uses the last trading date of
each contract as a roll trigger. It rolls ALL expired contracts in the
portfolio and replaces them with the nearest active month (front
month) contracts.
ƒ Open the portfolio that contains the expired contracts.

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ƒ Click Rollover Contracts on the drop down menu.

ƒ A message appears which shows how many contracts will

rollover. Click Yes if you wish to proceed with the rollover.
VantagePoint will roll ALL expired contracts in the portfolio
and this action can not be undone. Click No or Cancel to
back out of the contract rollover process.

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Export History Report(s) to XML

Export History Report(s) to Excel

Use these functions to export data from all open history reports and
save in either Excel or XML format.

Markets Tree
VantagePoint displays the Markets Tree on the left side of the
screen. The Markets Tree can be used to view charts and reports,
access a wide-variety of general market information, learn specific
information about each contract, search for markets, and check
registration status.

Organization of the Markets Tree

ƒ VantagePoint markets are organized into three master categories:

Commodities, Financials, and Stocks.
ƒ The three master categories are organized into market categories
such as Energies, Grains, ETFs, Indices, and Capital Goods.
- 72 -
ƒ Each market category contains the individual markets for which
VantagePoint makes predictions. Click on the [+] sign to the left
of any category to display the individual markets.

ƒ Each individual market has a list of contracts for which

VantagePoint makes predictions. Click on the [+] sign to the left
of any individual market to display the contracts.

Note: These contracts are determined by the contents of the data

provider’s folder.

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Markets Tree Functions
The following sections describe how to use the Markets Tree to
search for markets, access contract and market properties, and
determine registration status.

Search for Markets

Use the Search feature if you are not certain how a market is
categorized. You can search for a market name or a data provider
symbol.

ƒ Click directly in the box to the left of the Find button. Type in the
complete or partial name of the market that you want to find.
Click Find to execute the search. VantagePoint locates the market
and highlights the name on the Markets Tree.
More than one market may meet the search criteria. For example,
suppose you want to find every market that has “Gold” in the
name. Type Gold in the search box and then click Find.
VantagePoint highlights the first market that has Gold in the
name. Click Find again to highlight the next market that has Gold
in the name. Keep clicking Find until VantagePoint locates the
desired market.
ƒ Search for an exact data provider symbol by typing brackets
around the symbol. For example, type [WY] to locate
Weyerhaeuser.
ƒ Execute a “symbol starts with” search by typing a single left
bracket before the symbol. For example, type [WY to locate a
market that has a data provider symbol that begins with WY.

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ƒ Click the down arrow to the right of the Search box to access a
list of previous searches. Left click on one of these to execute one
of the previous searches.
ƒ VantagePoint displays a message when it can not locate the
requested search item. Click OK to clear the message.

Market Properties

Each market listed in the Markets Tree has a corresponding Market

Properties screen that shows general market information, lists
intermarkets, and gives a link to service bulletins.
ƒ Locate the desired market in the Markets Tree. Single-right click
on it and select Properties on the drop down menu.
ƒ The corresponding Market Properties screen displays information
on three tabs: General, Intermarkets, and Advanced.

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ƒ The General tab displays basic market information obtained
from the exchange on which the market is traded.

ƒ The Intermarkets tab displays the top 25 interrelated markets

and the range of data available for each.

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ƒ The Advanced tab displays a link to the VantagePoint Service
Bulletins Website which lists information about market symbol
changes and delistings.

The data symbol used for a particular market is subject to change,

often with very little advance notice. Follow these instructions to
quickly and easily modify VantagePoint to accommodate a
symbol change.
ƒ Contact your data provider to ensure that your VantagePoint
data portfolio contains data for the new symbol.
ƒ Access the Market Properties screen for the affected
market.
ƒ Click on the Advanced tab.
ƒ The box in the Symbol Override section shows the data
symbol that is currently in use. Type the new symbol directly
in this box.
ƒ Click OK.
ƒ Close and then reopen VantagePoint. The next time you open
a view for this market, VantagePoint will use the updated
data symbol.

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Contract Properties

Each contract listed in the Markets Tree has a corresponding

Contract Properties screen that lists a variety of practical
information such as data file start and end dates, actual values for
individual days, last trading day, and data provider symbol. Find
the desired market in the tree and then display the list of available
contracts.
ƒ Single-right click on the contract of interest and then select
Properties from the drop down list.
ƒ The Contract Properties screen appears immediately:

ƒ Today's date is circled in red.

ƒ Days that have trading data are shown in bold. Left click on any
day shown in bold and the actual data from this day is displayed in
the boxes on the right side of the screen. The selected date is
highlighted.
ƒ Click the left-pointing arrow, to move the calendar back one
month
ƒ Click the right-pointing arrow to move the calendar forward one
month.

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ƒ The Provider box displays the name of your data provider.
ƒ The Symbol is shown in the box in the bottom left corner of the
screen. This is the symbol used by your provider to represent data
for this market. The provider symbol may be different than the
symbol used by the exchange or other sources of market
information.
ƒ Contract Data Range shows the start and end date for the
chosen contract. When you are finished reviewing the contract
information click Close.
Note: Because VantagePoint uses end-of-day data, the last day of
data will not correspond to the current date. The last day of
data will be from the previous trading day.
ƒ Last Trading Day is the day on which trading ceases and the
contract expires. This applies only to futures contracts and the
date is determined by the exchange on which the market is traded.
The last trading day is used as a roll trigger by the Rollover
Contracts feature.

Determine Registration Status

The Markets Tree shows which categories are registered and which
are not. Unregistered versions of VantagePoint display a lock icon
to the left of each category name. After you register VantagePoint,
the lock icon is removed from the registered category names.

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Navigation Controls

VantagePoint displays charts and reports on tabs on the right side

of the screen. Use any of the methods described below to quickly
locate any view of interest. These instructions use charts as an
example. The same navigation controls can also be used with any
combination of reports and charts.
ƒ Press the CTRL + SHIFT + TAB or CTRL + TAB keys on your
keyboard to change the active view.
ƒ Click the Open Files arrow which is located immediately to the
right of the last tab to display a drop down list of open charts.

Note: The tooltip “Open Files” is only visible when you hover
your cursor over the arrow.
Left click on the desired market name, Natural Gas in this example,
to make it the active chart.

The Navigation Controls described below become available when

VantagePoint creates more views than can be displayed at one time.
ƒ Use the left-pointing series of arrows to navigate to previous
views. For example, suppose you created charts for all of the
markets in a category.

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Note: The tooltips shown in the following screenshots only appear
when the cursor is hovered over the appropriate arrow.
Click the First arrow to switch to the view for the first chart.

Click the Previous Page arrow to show the previous set of

tabs.

Click the Previous arrow to make the previous tab the

active view.

ƒ Use the right-pointing series of arrows to navigate in the opposite

direction.
Click the Next arrow to show the next tab.

Click the Next Page arrow to show the next set of tabs.

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Click the Last arrow to view the last set of created charts,

ƒ Click the X to close the active view.

Tab Groups

Use tab groups to view charts and reports side-by-side. The

screenshot displayed below has a horizontal tab group on the
bottom and a vertical tab group on the top. You can divide your
workspace into as many groups as you want, and use the splitter
bars in-between the tab groups to resize them.

To create a new tab group, first open several charts or reports and
select the one you want to place into a new tab group. Then select
New Horizontal Tab Group or New Vertical Tab Group
from the Window menu.

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You may also create a tab group by single-right clicking on the tab
of interest:

ƒ New Horizontal Tab Group displays the original chart at the

bottom of a split screen.

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ƒ New Vertical Tab Group displays the original chart on the right
side of a split screen.

Create combinations of vertical and horizontal tab groups to

arrange the open views in any combination desired.
You may also use drag and drop to move views from one tab group
to another. Left click on the tab corresponding to the view that you
want to relocate. Hold down the left mouse button and drag the
view to the desired location. Release the mouse button.

Toolbar

To change the size of the Toolbar icons or remove

the Toolbar

ƒ Click View on the main menu

ƒ Click Toolbar on the drop down menu.
ƒ Click Large, Medium, or Small to change the size of the icons
on the Toolbar.
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ƒ Click to put a checkmark to the left of None to hide the Toolbar.

Function of the Toolbar icons

The Navigation Pane button hides the Markets Tree so the entire
window can be used to view charts.

Hide

Click this icon to hide the navigation pane.

Show

Click this icon to display the navigation pane.

Print

Click the Print icon to automatically print the active view.

Properties

Click the Properties icon to access Chart Properties, Daily Report

Properties, or History Report Properties screens. Properties
launches the properties screen that corresponds to the active view.
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For example, if you click Properties while viewing a chart, the Chart
Properties screen will be displayed.

Data Range

Use the data range control to easily view anywhere from 2 weeks to
5 years of data on a chart or report.
ƒ Click the down arrow to the right of the Data Range box to
display a variety of options from 2 weeks to 5 years, Custom and
Days. Select the desired Data Range and it will be applied to the
active Chart, Daily Report, or History Report.

ƒ Select Days and a box appears that allows you to edit the number
of days of data that are displayed on the active view. Type the
desired number of days directly in this box or use the arrow keys
to increase or decrease the number displayed. Click outside the
Days to Display box to apply the new number and clear the box
from your screen. Or, press the Enter key on your keyboard.

Note: VantagePoint will not display less than three days of data
on a chart or report.
ƒ Select Custom and a tool appears that allows you to customize
the range of data displayed on the active view. Type the desired
dates directly in the boxes. Or click the down arrows to display a

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 calendar. Use the calendar to select the desired dates. Press the
Enter key on your keyboard after you are satisfied with the new
date range.

Zoom In

Zoom In- magnifies the active view.

Zoom Out

Zoom Out- reduces the active view.

Zooming in and out of the chart cycles through the data ranges from
2 weeks to 5 years but does not change the appearance of the chart.
Zooming in and out of a Daily or History Report makes it bigger or
smaller on the screen but does not affect the data range.

Previous Page

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Previous Page- shows previous data on the active view. Suppose
you are viewing a chart that shows a data range of three months and
the most recent data is currently displayed on the chart. When you
click Previous Page, the previous three months of data is shown
on the chart.

Next Page

Next Page- works the same way as Previous Page except it

advances the data from earlier to more recent data.

View Chart

Click View Chart to change the active history or daily report to a

chart. Or press F2 on your keyboard.

View Daily Report

Click View Daily Report to change the active history report or

chart to a daily report. Or press F3 on your keyboard.

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View History Report

Click View History Report to change the active daily report or

chart to a history report. Or press F4 on your keyboard.

Help

Click Help or F1 to access the online Help topics.

Main Menu
This section describes the File, View, Window and Help menus.
The Portfolio functions were described in detail at the beginning
of this chapter.

File

ƒ Configure Data Provider- displays the Configure Data

Provider screen. This menu item is only enabled when there is no
open portfolio.
ƒ Clear Stored Predictions- clears all predictions which are
stored in VantagePoint. You should clear the predictions
periodically to reduce the size of the database and free space on
the hard drive. This option is also used when you need to
incorporate changes or corrections made by your VantagePoint
compatible data provider, for example, after a stock split occurs.
This menu item is only enabled when there is no open portfolio.

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ƒ Export History Report to Excel- exports history report data
into an Excel spreadsheet. This menu item is only enabled when a
History Report is the active view.
ƒ Export History Report to XML- exports history report data
and saves it in a XML file. This menu item is only enabled when a
History Report is the active view.
ƒ Copy to Clipboard- copies the active chart image so it can be
pasted into another application. This menu item is only enabled
when a chart is the active view.
ƒ Page Setup- displays the Page Setup screen which shows options
for setting the print orientation and margin sizes.
ƒ Print Preview- displays the Print Preview screen which shows
how the printed output will appear.
ƒ Print- displays the Print dialog box.
ƒ Options- displays the VantagePoint Options screen which allows
you to configure global settings. This menu item is only enabled
when there is no open portfolio.
ƒ Properties- displays the chart, daily report, or history report
Properties screen.
ƒ Exit- closes VantagePoint. You will be prompted to save any
changes made to the open portfolio.

View

ƒ Toolbar- displays a drop down list of size options for the toolbar
icons. Left click to choose the desired icon size. Or choose "None"
to hide the toolbar.
ƒ Navigation Pane- adds or hides the Navigation Pane which
displays the list of portfolios and markets.
ƒ Statusbar- shows or hides the Statusbar which is displayed at the
bottom of the screen. The Statusbar displays actual data and
predictions from the active chart, daily report, or history report
and information about the status of the program.

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ƒ Data Range- shows a drop down list of options ranging from 2
weeks to 5 years. Left click to display the selected data range on
the active chart, daily report, or history report.
ƒ Zoom In and Zoom Out- magnifies or reduces the size of the
active daily report, or history report. Zooming in and out of a chart
cycles through the data ranges from 2 weeks to 5 years but does
not change the appearance of the chart.
ƒ Previous Page and Next Page- moves through ranges of data
on a chart, daily report, or history report. For convenience, these
icons are also located on the toolbar.
ƒ Chart, Daily Report, and History Report- changes the
format of an active view, for example, to display the active chart as
a history report.

Window

ƒ Close All Tabs- closes all the open views but keeps the portfolio
open. If you close the portfolio after closing all tabs, VantagePoint
asks if you want to save the changes made to your portfolio. If you
save the changes, then the portfolio will be blank the next time you
open it.
ƒ New Horizontal Tab Group- tiles one or more views
horizontally. This splits the window and displays the active tab
below the other.
ƒ New Vertical Tab Group- tiles one or more views vertically.
This splits the windows and displays the active tab to the right of
the others.
ƒ Move to Previous Tab Group and Move to Next Tab Group
moves open views between various horizontal and/or vertical tab
groups.
ƒ Sort Tabs- sorts the open tabs into alphabetical order.
ƒ Maximize Tab- becomes enabled when there is more than one
tab group.

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Help

ƒ Contents, Index, Search- provides access to the online Help.

ƒ Activate VantagePoint- provides access to the Activation
Wizard.
ƒ About- displays detailed information about your version of
VantagePoint.

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 Chapter 7: View Charts and
Reports
After you configure VantagePoint to use data from your end-of-day
data provider, you may start viewing charts and reports.
VantagePoint displays actual and predicted values for each of your
markets in a chart, daily report or history report. The charts and
reports feature a variety of customization options that you can
change to suit your needs. This chapter gives a brief description of
each of these features.

Data Updates
Use your data provider’s software to download the latest end-of-day
data. Contact your data provider to find out when this data is
available for download each day. Do not attempt to download data
earlier than the time given because the update may be incomplete
and cause errors with the predicted values generated by
VantagePoint.
Note: Your data provider's technical support staff can answer all
of your questions about daily downloading and resolve any
problems that may occur.

View All Markets in a Category

Use the Markets Tree to view charts, daily reports, or history
reports for all markets in a category. For futures markets,
VantagePoint creates the view using front month data.
These instructions describe how to create views for all
markets in the Energies category. Follow a similar set of
instructions to create views for all markets in any
category of interest.
ƒ Open a portfolio.

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ƒ Single-right click on the desired category in the markets tree.
ƒ Click Open
ƒ Click Chart, Daily Report, or History Report as desired. Or,
click All to open a chart, daily report, and history report for each
market in the category.

View Specific Markets

Use the Markets Tree to view charts, daily reports, or history
reports for specific markets. For futures markets, VantagePoint
creates the view using front month data.
These instructions describe how to create a view for NY
Light Crude Oil. Follow a similar set of instructions to
create a view for any market of interest.
ƒ Open a portfolio.
ƒ Single-right click on NY Light Crude Oil on the Markets Tree.
ƒ Click Open on the drop down list

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ƒ Left click Chart, Daily Report, or History Report as desired.
Or click All, to open a chart, daily report and a history report for
the selected market.

View Specific Markets and Contracts

Use the Markets Tree to view charts, daily reports or history reports
for specific markets and contracts.
These instructions describe how to create a view for the
Heating Oil continuous contract. Modify these
instructions to create a view for any desired market and
contract.
ƒ Open a portfolio.
ƒ Single-right click on the Heating Oil Continuous contract in
the Markets Tree.

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ƒ Click Open on the drop down list. Left click Chart, Daily
Report, or History Report as desired. Or click All, to open a
chart, daily report and a history report for the selected market and
contract.

ƒ Use the drag and drop function to quickly change the contract
displayed in the open view. For example, suppose you just created
a history report for the Heating Oil continuous contract. Now, you
want to view a history report for the Natural Gas Continuous
contract. Drag the Natural Gas continuous contract from the
Markets Tree and drop it on the open history report. VantagePoint
now displays the Natural Gas continuous contract in the open
view. The custom settings of the original view are retained.

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Customize Charts
VantagePoint charts may be customized to suit your needs. The
customizable options include: default settings, font size and type,
colors and line thicknesses, type of indicators and number of data
days displayed. You can also save you custom settings as the new
default.
To access the Chart Properties screen:
ƒ Create a chart.
ƒ Right click anywhere on the chart and then click Properties on
the context menu.
ƒ Or click the Properties icon on the toolbar.

Chart Properties General Tab

The General Tab allows you to configure chart appearance,

settings, data range, and crosshairs.

ƒ Click Apply then OK to view custom settings on the active chart.

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ƒ Click Apply to All to apply the custom settings to all open charts.
ƒ Click Cancel to exit the Chart Properties screen without
committing any changes.

Fonts

Click the Font Style button to access the Font screen.

Make the desired changes to Font, Font style, Size and Color.
Click Apply to see the new Font on the active chart. Click OK to
return to the Chart Properties screen.

Background Color

Click the down arrow to the right of the box labeled Background
Color to change the background color of the chart.
Note: If you change the background color, it may also be
necessary to change the line colors to make them visible
against the new background.

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ƒ Left click on the desired color to choose it. The new color will then
be shown in the Background Color box.

ƒ Click Custom to access a Colors screen on which you can create

your own custom color for the background of your chart.
ƒ Click Cancel to close the color selection box without making any
changes.

Data Range

Three months of data are displayed on each chart by default. Set a

custom data range using any of the following methods:
ƒ Click the down arrow to the right of the box labeled Type to view
several pre-set data range options. Select the desired range.

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ƒ Click the down arrow to the right of the box labeled Type and
select Custom from the drop down list.

Edit the dates in the “From” and "To" boxes:

• To change the start date, click the down arrow to the right of the
box labeled "From".
• Click the right-pointing arrow to advance the calendar to the
next month.
• Click the left-pointing arrow to change the calendar to the
previous month.
• Left click on the desired date and the calendar will disappear.
The new date will be displayed in the "From" box.
• To change the ending date, click the down arrow to the right of
the box labeled "To".
• Click the left-pointing arrow to move the calendar backward one
month. Choose an alternative date as described above.

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• Click the down arrow to the right of the box labeled Type and
select Days.

Type the desired number of days directly into the box. Or use the up
and down arrows to change the number.

Settings

Show Title
Left click to clear the checkmark from the Show Title box if you do
not want to display a title on your chart. This saves space when
displaying several charts above each other.
Show Gridlines
Left click to clear the checkmark from the Show Gridlines box if
you do not want to display gridlines on your chart.

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Crosshairs

Vertical

Select Vertical if you want a vertical line cursor. Drag the cursor
with your mouse. When the cursor is resting on a price bar, that
day's actual and predicted values are displayed on the chart
heading. The cursor remains where you drop it, unless the Previous
and Next arrows on the toolbar are used to change the data range
displayed on the active view.

Horizontal

Select Horizontal if you want a horizontal line cursor. When you

move the horizontal cursor, the price is updated in the chart
heading.

Both

Select Both if you want a cursor that combines the functionality of

the Horizontal and Vertical settings. This results in a crosshairs
cursor which you can drag to any position on the chart.

Follow mouse

Select Follow mouse in combination with Vertical, Horizontal,

or Both. The cursor follows the movements of your mouse rather
than staying in a fixed position.

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Chart Properties Indicators Tab
Click on the Indicators tab to access the settings that control
which Actual Market Data, Predictive Forecasts, Predictive
Differences, and Predictive Technical Indicators are
displayed on the chart.

Actual Market Data

By default, VantagePoint uses Bars to display the actual market

data. Actual market data is downloaded from your end-of-day data
provider. VantagePoint reads and displays the contents of these
data files.

Select Candlesticks, Line on Close, Line on High, or Line on

Low to choose an alternative method of displaying the actual
values.
o Line on Low is a single line which is drawn through
each day’s low price.
o Line on High is a single line which is drawn through
each day’s high price.
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 o Line on Close is a single line which is drawn
through each day’s close price.
ƒ Click on None to remove Actual Market Data from the chart.
ƒ Click in the box to the left of Volume to display the contract
volume at the bottom of the chart. For equities, multiply the
volume displayed in VantagePoint by one hundred to get the
actual traded volume. This is necessary because VantagePoint
reads, but does not adjust, the contents of the end-of-day data
files.
ƒ Click in the box to the left of Open Interest to display the
contract open interest at the bottom of the chart.
Note: Volume and Open Interest are not properties of all markets
and contracts.

Predictive Forecasts

By default, VantagePoint displays the Medium Term Crossover

which charts the Predicted 4-Day EMA Typical Two Days Ahead
(P4EMA+2), the Actual 10-Day SMA Close (A10SMA) and the
Predicted Neural Index.

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ƒ Select High & Low Price to chart the Predicted High (PHigh)
and Predicted Low (PLow). Or press F5 on your keyboard.
ƒ Select Short Term Crossover to chart Predicted 2-Day EMA
Typical One Day Ahead (P2EMA+1) and Actual 5-Day SMA Close
(A5SMA). Or press F6 on your keyboard.
ƒ Select Long Term Crossover to chart the Predicted 6-Day EMA
Typical Three Days Ahead (P6EMA+3) and the Actual 15-Day
SMA Close (A15SMA). Or press F8 on your keyboard.
ƒ Select Triple Crossover to chart the Predicted 3-Day EMA
Typical One Day Ahead (P3EMA+1), the Predicted 8-Day EMA
Typical Two Days Ahead (P8EMA+2), and the Predicted 18-Day
EMA Typical Three Days Ahead (P18EMA+3). Or press F9 on
your keyboard.
ƒ Press F7 on your keyboard to return to the default Medium
Term Crossover.
ƒ Click None to remove Predictive Forecasts from your chart.
ƒ Click the Custom button to access the Custom Forecasts
screen. These settings allow you to display any combination of
predicted and actual moving averages on your chart. Select the
forecasts that you would like to chart and then click OK.

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Predictive Differences

ƒ Select Short Term to chart the Predicted Short Term Difference

(PTSDiff).
ƒ Select Medium Term to chart the Predicted Medium Term
Difference (PTMDiff).
ƒ Select Long Term to chart the Predicted Long Term Difference
(PTLDiff).
ƒ Select High to chart the Predicted High Difference (PHighDiff).
ƒ Select Low to chart the Predicted Low Difference (PLowDiff).
ƒ Select Strength to chart the Predicted Strength (PStr).

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Predictive Technical Indicators

ƒ Select MACD to chart the Predicted Moving Average Convergence

Divergence (PMACD) and the MACD Trigger (Trigger). Or press
Shift + F2 on your keyboard.
ƒ Select Stochastic to chart the Predicted Stochastic (PStoch) and
the Stochastic Trigger (Trigger). Or press Shift + F4 on your
keyboard.
ƒ Select Neural Index to chart this indicator. Or press Shift + F3
on your keyboard.
ƒ Select RSI to chart the Predicted Relative Strength Index (PRSI).
Or press Shift + F5 on your keyboard.
ƒ Select TSI to chart the Predicted True Strength Indicator (PTSI).
Or press Shift + F7 on your keyboard.

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Chart Properties Line Styles Tab

Click on the Line Styles tab to access the settings that control the
Color and Width of the lines displayed on your chart.

Color

Click the down arrow to the right of the Color box to access a
screen which shows a variety of alternative color selections for the
chosen chart component.

ƒ Left click on the desired color. The new color will then be shown in
the Color box.

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ƒ Click Custom to access a Colors screen on which you can create
your own custom color for the chosen chart component.
ƒ Click Cancel to clear the color selection box without choosing a
new color.

Width

Click the down arrow to the right of the box labeled Width to see a
variety of line widths. Left click directly on the desired line width.

ƒ Click Apply then OK to view custom settings on the active chart.

ƒ Click Apply to All to apply the custom settings to all open charts.
ƒ Click Cancel to exit the Chart Properties screen without
committing any changes.

Custom Default Settings

VantagePoint allows you to define your own custom default chart,
daily report, or history report settings. Your personal default
settings are then automatically applied each time VantagePoint
opens a new chart or report. You can also easily restore previous
default settings.
Note: These instructions describe how to set custom default
settings for a chart. Follow a similar series of steps to set
custom default settings for daily or history reports.
ƒ Apply the desired customization options to an open chart.

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ƒ Click the down arrow to the right of Default Chart Properties.

ƒ Select the desired option from the drop down menu.

o Save As Default retains your custom settings and

automatically applies them each time a new chart is
created.
o Load From Default restores custom settings which
were saved as default. This is helpful if you want to
undo changes that you made to your original custom
default settings.
o Restore Factory Default restores the original
default settings (bars, Medium Term Crossover, and
Neural Index).

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Chart Properties Custom Trend Lines
Tab
You can draw any number of custom trend lines on a chart. The
uses of trend lines include identification of the overall direction of
actual prices over time and determination of support and resistance
levels. Custom trend lines are also used in the Opportunity
Calculator, a tool that helps you determine the monetary value
associated with a price change.

Draw a Custom Trend Line and Change the

Properties

ƒ Left click on the desired starting point, for example, the high price
on one of the daily price bars. Hold the left mouse button down
and drag the line to the desired ending point, for example, the
high price on another daily price bar. Follow this procedure to
draw as many lines as desired on your chart.

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ƒ Right click anywhere on the chart and choose Properties on the
drop down menu.

ƒ Highlight the name of the line and change the color and width as
desired.

ƒ Click Apply to display the line using the new color and width.
Note: Custom trend lines are associated with particular markets
and contracts. As a result of this, you can not use Apply to
All or set custom default colors.

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Opportunity Calculator
The Opportunity Calculator determines the dollar value associated
with a particular price move. The calculation is based on the
difference between the starting price and ending price, and the full
point and full tick values of a market. You can display multiple
Opportunity Calculators on one chart if desired.
ƒ Draw a custom trend line as described above.
ƒ Right click directly on the line to select it and access a drop down
menu.

ƒ Select Link to Open if you would like the custom line to

begin on the open of the first day and end on the open of
the last day.
ƒ Select Link to High if you would like the custom line to
begin on the high of the first day and end on the high of the
last day.
ƒ Select Link to Low if you would like the custom line to
begin on the low of the first day and end on the low of the
last day.

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 ƒ Select Link to Close if you would like the custom line to
begin on the close of the first day and end on the close of
the last day.
Note: When you link a custom line to open, high, low, or close the
default line color changes to green.
ƒ Verify that the custom line is in the desired position on the chart.
To do this, right click on the line and choose Properties from the
drop down list.

ƒ The Custom Trend Lines tab shows the line’s begin date and
price, end date and price, and if the line is linked to open, high,
low, or close. Review the information and click OK to exit this
screen.

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ƒ Then right click on the line and choose Opportunity Calculator
from the menu.

ƒ The opportunity calculator shows the number of trading days, the

number of ticks that the price changed, and the dollar value per
contract. The start date and price, and end date and price
associated with the calculation are displayed on the top right
corner of the title bar.

Note: The calculations utilize the market’s full point and full tick
values. These values can be found on the General tab of the
Market Properties screen.
Some markets, such as the ASX All Ordinaries, do not have
associated point and tick values. The Market Properties screen
- 115 -
 displays N/A for both full point and full tick value. As a result,
the opportunity calculator will display “n/a” for these types of
markets.
ƒ Right click on the line to access the drop down menu again.

ƒ Select Delete Custom Line to remove the selected line

from the chart.
ƒ Remove the checkmark from the left of Opportunity
Calculator to remove the calculator from the chart.
ƒ Select Unlink Custom Trend Line and the selected line
will no longer be linked to open, high, low, or close.

Customize Daily Reports

VantagePoint daily reports may be customized to suit your needs.
The customizable options include: font style, background color, and
data range.
To access the Daily Report Properties screen:
ƒ Open a daily report.
ƒ Right click anywhere on the report and then click Properties on
the context menu.

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ƒ Or click the Properties icon on the toolbar.

ƒ The Daily Report Properties screen allows you to configure

appearance and data range. These settings are described in detail
in the Chart Properties General Tab section earlier in this
chapter.

Customize History Reports

VantagePoint history reports may be customized to suit your needs.
The customizable options include: font style, background color,
data range, and indicators.
To access the History Report Properties screen:
ƒ Open a history report.
ƒ Right click anywhere on the report and then click Properties.

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ƒ Or click the Properties icon on the toolbar.

ƒ The General tab allows you to configure appearance and data

range. These settings are described in detail in the Chart
Properties General Tab section earlier in this chapter.
ƒ The settings on the Indicators tab control which data are
displayed on the active report.

Export History Report Data to Excel

Follow these steps to export history report data and save as an Excel
or XML file.
ƒ Open one or more history reports.
ƒ Right click anywhere on a history report and choose Export
History Report to Excel. When you use this method, only data
from the selected report will be exported.

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ƒ Or, right click on the name of the open portfolio. Then select
Export History Report(s) to Excel. When you use this
method, data from all open history reports will be exported.

ƒ The next screen that appears is labeled Save As. Select the
desired Save in folder and change the File name if desired.

ƒ Click the Save button.

ƒ The process is complete when the Save As screen disappears.
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ƒ Find the file(s) in the Save in location that was selected on the
Save As screen.

Export History Report Data to XML

You may also choose to export data from a single report or a group
of reports to XML:
a. To export data from a single report, right click on the
report of interest and choose Export History
Report to XML.

b. To export data from all the reports open in a portfolio,

right click on the portfolio name in the Navigation
Pane and choose Export History Report(s) to
XML.

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ƒ The Browse for Folder screen appears. By default,
VantagePoint saves XML files directly to My Documents. Click OK
to accept the default.
ƒ However, you may want to organize the XML files in a folder.
Click the Make New Folder button. Type in a name for the new
folder and click OK.
ƒ Find the desired XML file in the chosen location. Right click the
file and choose Open With and then Microsoft Office Excel.

ƒ Choose to open as an XML list and then click OK.

ƒ Click OK if you receive a message that indicates that “the specified

XML source does not refer to a schema”.

ƒ The history report then opens in an Excel spreadsheet.

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- 122 -
 Chapter 8: Scan for
Opportunities
Scan for Opportunities (SFO) is a powerful, time-saving feature that
helps you quickly identify advantageous trading conditions. It is a
screening tool that helps you identify potential trading
opportunities in charts or reports that are open in a portfolio. The
remainder of this chapter describes the features and functions of
the SFO in detail and shows how the default settings can be used to
identify a potential position trade.

SFO Features and Functions

Display the SFO Pane

1. Open the portfolio that you wish to evaluate.

2. Click Portfolio on the main menu and then select Scan for
Opportunities on the drop down menu.

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3. Or, right click on the portfolio name in the Navigation Pane
and then select Scan for Opportunities on the drop down
menu.

4. The SFO window appears above the open charts or reports.

The default selection of indicators, shown in the screenshot
below, can be used to identify potential position trades.

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5. Double-left click on a row in the SFO to view the
corresponding chart in the lower pane. For example,
suppose that you want to take a closer look at the chart for
the Energy Sector SPDR Fund because it had a medium term
cross one day ago. Double-left click on the Energy Sector
SPDR Fund row in the SFO and the chart will appear in the
window below.
If you open additional charts or reports, they will
automatically be added to the SFO.

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Customize Indicators

1. The selection of SFO indicators can be customized to suit

your needs. Click on the Field Chooser icon (to the left of
Market) to access a list of approximately 60 actual and
predicted values.

2. Click to put a check mark in the box to the left of the

indicators that you would like to include in the SFO. Or,
click to remove the check mark if you do not want to include
the corresponding indicator.

3. After selecting the desired values, click the red “X” to close
the Field Chooser. Or click the “pushpin” to the left of the
red “X” to enable auto hide.

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 4. To restore the default selection of indicators, right-click
anywhere in the SFO pane and select Reset on the context
menu.

Sort and Filter Results

1. Click on a column heading, for example, Medium Term

Cross Days Ago, to sort by this value. If you click on the
same column heading a second time, the values will be
sorted in reverse order.

2. To filter the results for a particular column, click on the

small, grey filter icon (between the indicator name and the
push pin). Click to select the desired value in the drop down
list.

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o Select Custom to access the “Enter filter criteria
for” screen.
o Click the down arrow to the right of the left Operand
box and then select the desired expression from the
drop down list.

o Then click the down arrow to the right of the other

Operand box and select the desired value from the
drop down list. You can also type a numerical value
or the name of any value displayed in the Field
Chooser directly in this box.

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o You can use more than one criterion for filtering. Click
the Add a condition button and then the steps
above to select operands for the new criteria.

o After defining two or more criteria, you can refine the

filter even further. Click in the circle to the left of
“And conditions” if you want the SFO to display
results that meet all the criteria. Click in the circle to
the left of “Or conditions” if you want the SFO to
display results that meet any of the criteria.

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 o If you wish to delete a criterion, click in the small
square to the left of the associated criterion. This will
highlight the associated criterion in blue or some
other color. Then click the Delete Condition
button.

o Click OK to close the Enter filter criteria screen, save

your changes, and apply the filter to the selected
indicator.
o Click Cancel to close the Enter filter criteria screen
without saving your most recent changes.
3. The filter icon is blue when results in the corresponding
column are filtered and grey when the results are not
filtered. In the screenshot shown below, only the results in
the PHigh/PLow Break column are filtered.

4. Sorting and filters are saved when you close the portfolio and
choose to save the changes.
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 5. Close the SFO by clicking the red X in the top right corner of
the pane. Or, right-click on the SFO and select Close on the
context menu. Either of these approaches will save the
current selection of markets, indicators, and filters.

Import and Export Custom Scan Layouts

Each of your VantagePoint portfolios can have a different scan

layout. This means that the SFO associated with each portfolio can
employ a different selection of indicators and filters.
However, you may want to use the same SFO settings with each
portfolio or share SFO settings with other VantagePoint customers.
Use the Export function to save your custom layout to a file. Then,
use the Import function to incorporate your custom layout into a
new portfolio.

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Export a Scan Layout

1. Customize an open SFO as desired.

2. Right click in the SFO pane and select Export from the
menu.

3. The next screen that appears is labeled Save As. Select the
desired Save in folder and change the File name if desired.

4. Click Save to complete the export process.

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Import a Scan Layout

1. Open the portfolio and SFO that you would like to import the
scan layout into.
2. Right click in the SFO pane and select Import from the
menu.

3. Find the scan layout file that you exported previously. Select
the file and then click Open.

4. The new settings are applied to the open SFO as soon as the
import completes.

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Identify a Potential Position Trade
These instructions describe how to use the default SFO indicators to
identify a potential position trade in the Forex markets. You can
follow a similar approach to identify advantageous trading
conditions in any commodity future, financial future, ETF, or stock
market. VantagePoint will search the most recent 100 price bars to
discover opportunities.

1. Open a portfolio or the individual charts or reports of

interest.
2. Click Portfolio on the main menu and then select Scan for
Opportunities on the drop down menu.

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 3. Click on “Medium Term Cross Days Ago” to sort the
values in this column. Focus on the markets that had a cross
one day ago.

Note: VantagePoint counts weekdays, not price bars. For

example, if a market is not traded on a weekday holiday then
there will be no corresponding price bar for that day. Even
though there is no price bar, VantagePoint will count that
weekday when it determines. Keep in mind that “Days” refers
to weekdays.
4. “Medium Term Cross” shows the direction of the cross
over. “Up” means that the blue line crossed above the black
line, predicting an up trend. “Down” means that the blue
line crossed below the black line, predicting a down trend.

5. “PTSDiff Trend” and “PTMDiff Trend” values show if

the predicted difference lines are sloping “Up” or “Down”.
Look for agreement between the Medium Term Cross,
PTSDiff Trend, and PTMDiff Trend. Focus on markets in
which all three values are in agreement (all "Up" or all
"Down").

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6. Compare the Short Term Difference and Medium
Term Difference values. When both of these values are
greater than zero, this confirms the predicted uptrend. When
both of these values are less than zero, this confirms the
predicted downtrend.

7. A PIndex value of “1.00” confirms the uptrend while a

PIndex value of “0.00” confirms the downtrend.

8. The PHigh/PLow Break values offer final confirmation of

the predicted trend direction. A value of “High” confirms
the uptrend and a value of “Low” confirms the downtrend.
9. When the values in steps 3 - 8 are in agreement, you have a
potential trade!

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Here is a complete list of values that are included in the Field
Chooser.
SFO uses 100 price bars to determine these values. Many of these
values are “crosses”, for example Short Term Cross, MACD Cross,
and Triple Cross. SFO will report a value of “None” if a cross was
not found within the 100 price bars.
Name Description
Actual Close % Gain/Loss % Gain(+) or Loss(-) of the Close
Actual Volume % of Avg Volume % of last 10 weekdays
Actual Volume Trend Volume trending Up/Down
Actual Volume Trend Days Number of weekdays the volume has been
trending Up/Down
Category Category name
Contract Contract name
Long Term Cross The cross Up/Down of the PTL over the
actual long trend
Long Term Cross Days Ago Number of weekdays since the last Long
Term Cross
Long Term Difference The difference between the actual long
trend and the PTL
Long Term Trend PTL trending Up/Down
Long Term Trend Days Number of weekdays the PTL has been
trending Up/Down
MACD Cross The cross Up/Down of the MACD over the
MACD Trigger
MACD Cross Days Ago Number of weekdays since the last MACD
Cross
MACD Spring Acceleration or deceleration of the MACD
Market Market name
Medium Term Cross The cross Up/Down of the PTM over the
actual medium trend
Medium Term Cross Days Number of weekdays since the last Medium
Ago Term Cross

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Name Description
Medium Term Difference The difference between the actual medium
trend and the PTM
Medium Term Difference Acceleration or deceleration of the medium
Spring term difference
Medium Term Spring Acceleration or deceleration of the
difference between the medium term and
long term trends
Medium Term Trend PTM trending Up/Down
Medium Term Trend Days Number of weekdays the PTM has been
trending Up/Down
Neural Index Neural Index 0 or 1
Neural Index Days Number of weekdays the Neural Index has
been 0 or 1
PHigh Difference The PHigh Difference
PHigh/PLow Break Values of High/Low/Both/None depend on
High > PHigh and Low < PLow
PHighDiff Trend PHighDiff is trending Up/Down
PHighDiff Trend Days Number of weekdays the PHighDiff has
been trending Up/Down
PLow Difference The PLow Difference
PLowDiff Trend PLowDiff is trending Up/Down
PLowDiff Trend Days Number of weekdays the PLowDiff has
been trending Up/Down
PTLDiff % Gain/Loss % Gain(+) or Loss(-) of the PTLDiff from the
actual long trend
PTLDiff Trend PTLDiff is trending Up/Down
PTLDiff Trend Days Number of weekdays the PTLDiff has been
trending Up/Down
PTMDiff % Gain/Loss % Gain(+) or Loss(-) of the PTMDiff from
the actual medium trend

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Name Description
PTMDiff Trend PTMDiff is trending Up/Down
PTMDiff Trend Days Number of weekdays the PTMDiff has been
trending Up/ Down
PTSDiff %Gain/Loss % Gain(+) or Loss(-) of the PTSDiff from the
actual short trend
PTSDiff Trend PTSDiff is trending Up/Down
PTSDiff Trend Days Number of weekdays the PTSDiff has been
trending Up/Down
RSI Trend RSI is trending Up/Down
RSI Trend Days Number of weekdays of the RSI has been
trending Up/Down
RSI Value The most recent RSI value
Short Term Cross The cross Up/Down of the PTS over the
actual short trend
Short Term Cross Days Ago Number of weekdays since the last Short
Term Cross
Short Term Difference The difference between the actual short
trend and the PTS
Short Term Difference Spring Acceleration or deceleration of the short
term difference.
Short Term Spring Acceleration or deceleration of the
difference between the short term and
medium term trends
Short Term Trend PTS is trending Up/Down
Short Term Trend Days Number of weekdays the PTS has been
trending Up/Down
Stochastic Cross The cross Up/Down of the Stochastic over
the Stochastic Trigger
Stochastic Cross Days Ago Number of weekdays since the last
Stochastic Cross.
Stochastic Crossed At The value of the Stochastic at the last
Stochastic Cross

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Name Description
Stochastic Spring Acceleration or deceleration of the
Stochastic
Strength The most recent Predicted Strength value
Strength Trend Strength is trending Up/ Down
Strength Trend Days Number of weekdays the Strength has been
trending Up/Down
Triple Cross Up- the P3EMA+1 (short trend) crossed
above the P8EMA+2 (medium trend) and
the P18EMA+3 (long). It stays “Up” until the
next complete down cross.

Down- the P3EMA+1 (short trend) crossed

below the P8EMA+2 (medium trend) and
the P18EMA+3 (long). It stays “Down” until
the next complete up cross.
Triple Cross Days Ago The number of weekdays since the most
recent Triple Cross.
TSI Cross The cross UP/Down of the TSI over the TSI
Trigger.
TSI Cross Days Ago The number of weekdays since the last TSI
Cross.
TSI Crossed At The value of the TSI at the last TSI Cross.
TSI Spring Acceleration or deceleration of the TSI

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Chapter 9: Frequently Asked
Questions
Installation
1. “I canceled out of the Windows Installer 3.1
installation. Now the VantagePoint installation will not
complete because the installer is not installed. How can I
correct this situation?”
Run the Windows Installer Update package which can be found in
the Windows Installer folder on your VantagePoint CD.

Data and Configuration

1. “I am already downloading end-of-day data from a
provider that is not listed as being VantagePoint
compatible. Can I use this data for VantagePoint anyway?”
No, for a variety of reasons, you must use data from a compatible
provider.
2. “I am downloading data for over 700 markets. I
won't be looking at charts or reports for all of these
markets. Can I just delete the data that I don't think I will
ever need?”
Please do not delete any data from the default VantagePoint data
portfolios. That main market that you think you may never trade
may actually be used as an intermarket for something that you do
trade. Also, deleting data symbols does not significantly cut down
the download and distribution time or save appreciable space on
your hard drive.
3. “Can I use a different data symbol for one of my
markets? For example, I want to use Nikkei data from the
SGX but VantagePoint uses CME data. Can I use my

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vendor's software to add a different symbol to the
VantagePoint data?”
No. VantagePoint is programmed to read specific data symbols,
corresponding to the data that was used to train the neural nets.
4. “I understand that VantagePoint uses combined
trading session data for futures whenever possible. Can
you tell me more about this data?”
Many futures markets have an overnight electronic session in
addition to the daily pit trading session. The combined trading
session data consists of the open from the overnight session and the
close from the following day's pit trading session. The high and the
low can occur during either of these two sessions.
5. “What are the exceptions to the combined trading
session rule?”
VantagePoint's use of combined trading session data for futures
depends on availability and is subject to change. The Contract
Properties screen shows the data vendor symbol that is used for a
particular market. Your data provider can give you detailed
information about specific symbols.
6. “Forex markets are traded nearly 24 hours a day.
What times do my data provider use to represent each
day’s open and close?”
CRB:
Open: 5:00 PM ET
Close: 3:45 PM ET the following day
7. “What is the source of the prices given for Forex
data?”
There is no centralized exchange for cash foreign exchange markets.
Our VantagePoint compatible data providers supply mixed source
data, meaning that it comes from a variety of large banks around
the world. Because there is no centralized exchange, price quotes
may vary between data providers. Differences in actual data cause
differences in predicted values.

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8. “Can I use VantagePoint to update my end-of-day
data?”
No. You use your data provider software to download end-of-day
data. If you encounter any difficulties during that process, contact
your data provider's technical support department for additional
assistance.
9. “My data provider issued a correction to the data. I
want to be sure that my VantagePoint predictions are
made using the corrected data. How do I get VantagePoint
to incorporate the changes?”
• Close any open portfolios.
• Click File on main menu.
• Click Clear Stored Predictions on the drop down menu.
• Click OK when the "All stored predictions have been cleared"
message appears.
VantagePoint will recalculate the predictions the next time a chart
or report is created.
10. “One of the stocks just had a 2 for 1 split. Do I need
to do anything special in VantagePoint to accommodate
the change?”
Your data provider will provide historically adjusted data as early
as the day following the split. After you have the adjusted data, use
the “Clear Stored Predictions” function which was described in the
previous question. The next time you open a view for this stock,
VantagePoint will use the new historically adjusted data to generate
predictions.
11. “I am running out of space on my C drive. My data
provider showed me how to move my data to my D drive.
How do I reconfigure VantagePoint to accommodate this
change?”
• Close any open portfolios.
• Click File on main menu.
• Click Configure Data Provider on the drop down menu.
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• Click in the circle to the left of your data provider.
• Type the new data directory in the box labeled “Please select
the folder that contains market data”. Or click the
Browse button and then locate and select the new data folder.
• Click OK to complete the configuration. VantagePoint will now
use data from the new folder.
12. “When I tried to open a portfolio, I received a
message that VantagePoint was unable to load a chart for
one of the markets because the provider did not have the
contract. What does this mean?”
This message may indicate that the ticker symbol for this stock
changed or that the stock was delisted.
CRB data customers may leave the delisted symbol in the
VantagePoint data portfolio indefinitely. As a result, you can still
open a chart for the delisted stock but the data will no longer be
updated.
If the exchange changed the market symbol, then this change
should automatically be applied to the VantagePoint data as the
result of an end-of-day download. After the new symbol is added to
the data, our Customer Support department can help you quickly
modify VantagePoint to read the new symbol.
13. “What is a Continuous contract?”
A continuous contract is created by your data provider. At the most
basic level, it consists of data from individual futures contracts that
are “spliced together” to form an unbroken stream of data. This
data may or may not be back-adjusted to smooth out the price gaps
that occur between trading sessions. Traders who require a great
deal of historical data for analysis may find it convenient to use
continuous contracts.

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14. “What is a Cash contract?”

This data represents the cash or spot price and does not represent
future prices. It is the price you would pay if you purchased the
commodity or financial instrument right now.

Reports and Charts

1. “The open, high, low, and close bars just look like a
dash on my chart. Why does this happen?”
This happens when the values for open, high, low, and close are the
same. Data from very early in a trading contract may have the same
value for open, high, low, and close each day because of very low
trading volume. You may also notice this when viewing cash data
for certain commodities markets. Because cash trading is not
conducted on exchanges, it can be difficult to obtain daily open,
high, low, and close prices. In this case, the close price is used to
represent all of the actual values for a particular day.
2. “Why are the actual values shown on my
VantagePoint reports different from the actual values
shown on the Internet?”
VantagePoint reads and then displays the actual values provided by
your data provider. VantagePoint markets use actual data from
combined trading sessions whenever this data is available and
supported by all compatible data providers. The values reported
on the Internet are usually from day sessions only. Also, be certain
that you are comparing actual values from the same contract
month. If you have additional questions you may contact your data
provider or our Customer Support department.
3. “I am downloading data updates from my provider
but my VantagePoint reports are not being updated.”
Check the contract that you are viewing. Expired contracts are not
updated.

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4. “I am trying to open a chart but when I right click on
a market or a contract, Open is disabled on the drop down
menu. How can I correct this?”
VantagePoint disables this command when there is no open
portfolio or when the registration period has ended and the selected
market is in an unregistered category.
5. “Sometimes when I close a portfolio, VantagePoint
asks me to save changes when I have not made any
changes. Why does this happen?”
Nearly anything that you do to customize a chart or report is
considered a change to the portfolio. Adding a chart or report to a
portfolio is an obvious change. However, change also includes
anything that modifies the appearance of a chart or report or its
position on the screen such as setting up a new tab group, changing
the displayed indicators, changing colors and fonts, zooming, and
changing the date range.
6. “VantagePoint is currently opening a large number
of charts and reports. I want to cancel this operation. I
tried to close VantagePoint but received a message to wait
for current processing to finish before exiting the
application. Is there a workaround that will allow me to
cancel out of the loading process?”
ƒ Click Window on the main menu.
ƒ Select Close All Tabs.
This cancels out of the loading process, closes any open views but
keeps the portfolio open. When you close the portfolio,
VantagePoint asks if you want to save the changes. If you save the
changes, your existing portfolio will be replaced by one that is
"empty". Keep in mind that what you see is what you save!
7. “When I opened a chart, I received a VantagePoint
warning message which stated that the current data has
different prices for a certain date. What does this mean?”
VantagePoint compares the most recent end-of-day data with
previous data. If it finds a change in the actual data, it generates the
warning message. This alerts you to any data corrections that may
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have been issued by your data provider. Changes in actual data can
lead to changes in predicted values.
8. “How are your accuracy statistics computed?”
The Predicted Neural Index is used to determine accuracy and it
predicts whether a three-day moving average of the typical price
will be higher or lower two trading days in the future. The typical
price is the average of the high, low, and close price for the day. A
Neural Index of one forecasts an up trend while a value of zero
forecasts a down trend.

The accuracy of the Neural Index was tested using out-of-sample

data. Out-of-sample means that the data was not used in the neural
net training process. Since the Neural Index prediction is either
correct or incorrect each day, its performance is measured in terms
of percent correct. For example, if the Neural Index prediction is
correct 85 days out of 100, then the percent accuracy is 85% on the
last day of test data.

9. “I received a message that VantagePoint was unable

to process additional charts or reports because it was out
of memory or handles. Why does this happen and how
can I correct it?”
VantagePoint uses memory and handles each time a chart or report
is created. If you have limited system resources, VantagePoint may
run out of memory or handles before all requested charts or reports
are opened. It is possible to get more than one of these messages.
To correct this condition, clear the messages and then close some of
the open charts and reports. This releases memory and/or handles
and allows VantagePoint to open additional views. You can also
close and then reopen VantagePoint. You may also consider closing
other applications to make more resources available to
VantagePoint.
10. “I am running VantagePoint on a computer that has
256 MB RAM. Will upgrading to 1 GB RAM make a
noticeable difference in performance?”
Our Quality Assurance team used Celeron 2.40 GHz computers
running Windows XP Professional to determine if memory is
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correlated with performance. One computer had the minimum 256
MB RAM while the other had the recommended 1 GB RAM.
Results:
256 MB RAM: It was possible to open 17 – 31 charts, 16 – 24 daily
reports, or 18-28 history reports before running out of memory.
1 GB RAM: The system did not run out of memory. VantagePoint
opened 200 charts, 142 daily reports, or 188 – 189 history reports
before the system ran out of handles. The number of Windows
handles is determined by the operating system and is not related to
the amount of memory.
Results of the memory test may vary. For example, the amount of
data in a file will influence how much memory is required to open a
view. Opening a chart or report for a quarterly futures contract
with a relatively limited history will require less memory than
opening a chart or report for a continuous contract with history that
begins on 1/3/2000. Also, available memory will be limited when
other programs are running at the same time as VantagePoint,
reducing the number of views which can be opened.
11. “My chart is missing several consecutive days of
predictions. I checked the data for this market using my
data provider software and it appears that there is data
for these days. What is happening?”
Most likely some of the intermarkets are missing data. At least 17
intermarkets must have updated data or VantagePoint will not
generate predictions. To determine if this accounts for your
situation, access the Contract Properties screen for the main
market. On the calendar, select the day which is missing
predictions. If “Insufficient intermarket data to display
predictions” is displayed near the bottom right of the screen, this
indicates that the minimum number of intermarkets do not have
data.
12. “What is the typical price?”
Typical price is the average of the day’s high, low, and close.

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13. “Some of my markets have a ^ symbol in the data.
What does this indicate?”
The ^ symbol is used to display non-decimal values.
Wheat, Corn, Oats, and Soybeans- The prices are displayed as
Cents^ quarter cents per bushel. Using Wheat prices as an example:
334^0 = 334.00 cents / bushel
334^2 = 334.25 cents / bushel
334^4 = 334.50 cents / bushel
334^6 = 334.75 cents / bushel
10 Year U.S. Treasury Notes and 30 Year U.S. Treasury
Bonds- The prices are reported in one-half of 1/32 of a point. For
example, 109^09.5 equals 109 and 9.5 32nds.
2 Year U.S. Treasury Notes and 5 Year U.S. Treasury
Notes- The prices are reported in one-quarter of 1/32 of a point.
For example, 118^16.5 equals 118 and 16.5 32nds.
“When I export data that uses the ^ symbol to Excel, the
number is different. What causes this?”
This data is displayed in decimal format in Excel. Keep in mind that
values that use the ^ symbol are not decimal.

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“I am back testing a trading strategy and tried to open a
chart for the DJIA 2000-03 contract. I received a message
that VantagePoint could not load this contract because
there was no data available. However, I checked the
Contract Properties screen and it shows that there is data
from 3/25/1999 to 3/16/2000. This is nearly a year of
data. Why can’t I see a chart for this contract? ”
At least 45 days of data are required for the main market AND its
intermarkets. In this example, the DJIA 2000-03 contract has
enough data but the intermarkets do not.
To verify this, access the DJIA Market Properties screen and click
on the Intermarkets tab. At least 17 intermarkets must have the 45
days of data or VantagePoint will not create a chart. However, if you
compare the Data Begin dates, you will see that only 14 markets
meet this requirement. As a result, VantagePoint will not open a
chart for the DJIA 2000-03 contract.
14. “Why is n/a displayed on my report?”
This means that there was not enough data for VantagePoint to
generate predictions for that particular day.

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15. “Why is my history report data exported in text
format?”
Occasionally, VantagePoint will not generate a prediction because
of data limitations. When this occurs, n/a is displayed instead of a
number. The inclusion of this text on the history report means that
all the data must be exported as text.
You can use Excel to convert the numbers to text. Or export the
data to XML. In XML, the text “n/a” is removed and replaced with a
“blank”.

Activation and Licensing

1. “My registration period expired and I can’t access
any categories. Will I lose my data or have to configure
VantagePoint again?”
No, you will not lose data or have to re-configure. Licensing is like
flipping a switch. After you complete the licensing procedure,
categories will again be available for viewing so you can pick up
exactly where you left off.
2. “I registered my software but I still have all the
categories shown in the Markets Tree. When can I see
only the categories that I registered?”
All of the categories will always be displayed in the Markets Tree.
The unregistered categories will have a lock icon shown by the
market name. The lock icon is not displayed by the name of
registered categories.
3. “How can I make category exchanges?”
Contact our Customer Support department at 813-973-3875 or
[email protected] for assistance.
4. "How many exchanges can I make?"
All customers are allowed ONE free exchange. This means that
in ONE phone call you may switch as many categories as desired,
free of charge. EACH additional exchange costs $500. Again,
you may switch as many categories as desired.

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- 152 -
 Chapter 10: VantagePoint
License Agreement
This is a legal agreement (the “Agreement”) between you
(either an individual or an entity) (“Licensee”) and Market
Technologies, LLC, a Florida limited liability company (“Market
Technologies”). Carefully read this Agreement before installing the
VantagePoint Intermarket Analysis Software (the “Software”) on
your computer. There is also a hard-copy of this Agreement in the
back of the VantagePoint User’s Guide.
By clicking the “I Understand and Agree to the
Terms” button when presented on the screen with the
VantagePoint License Agreement, Licensee indicates its
understanding and acceptance of the terms of this
Agreement, is intending to create an electronic signature
affirming its full understanding and agreement to be
legally bound by all of the terms and conditions of this
Agreement, agrees to execute this Agreement
electronically and agrees that this Agreement is
enforceable like any written negotiated agreement signed
by Licensee, and is entering into a binding legal contract.
This Agreement governs and relates to your license
(“License”) and use of certain parts of the Software, including all
component market categories (collectively referred to as the
“VantagePoint Package”), the VantagePoint Intermarket Analysis
Software User’s Guide, and related materials (such parts collectively
referred to in this Agreement as the “Licensed Package”).
VantagePoint utilizes security procedures to prevent software
privacy and protect Licensee’s investment, which require Licensee
to activate (“Activate”) the Software after installation by performing
an initial activation (“Initial Activation”), registration
(“Registration”) within twenty-one (21) days (“Registration Period”)
following Initial Activation, and subsequent periodic reactivation
(“Reactivation”) over the Internet on Licensee’s single computer.
The components of Licensed Package are listed on Exhibit A to this
- 153 - V8 -081809 80108
Agreement. This Agreement will remain in effect until it is
terminated in accordance with Section 18 below.
Licensee acknowledges that competing products and services
are readily available and that Licensee is free to return the Licensed
Package within the timeframe and under the restrictions provided
in this Agreement. Therefore, Licensee waives any right to assert
that this Agreement is an unconscionable, improper or illegal
contract of adhesion.
1. Non-exclusive License. Subject to the terms and
conditions of this Agreement, in exchange for the fees paid to
Market Technologies by Licensee, Market Technologies hereby
grants to Licensee a non-exclusive, non-assignable and non-
transferable limited license to use Licensed Package according to
the terms and restrictions set forth in this Agreement and subject to
the payment by Licensee to Market Technologies of the necessary
fees as specified by Market Technologies.
2. Use of Product.
a. Licensed Package contains all component market
categories of the Software. The specific component
market categories for which Licensee has paid the
appropriate fees for use is herein referred to as
“Licensee’s Portfolio”. As a courtesy to Licensee, all
component market categories (including those
component market categories included in Licensee’s
Portfolio as well as those not included in Licensee’s
Portfolio) will function during the twenty one (21) day
Registration Period following the date of Initial
Activation of the Software by Licensee on Licensee’s
computer. Licensee understands that this Agreement
applies to all component market categories (both
those included in Licensee’s Portfolio and those not
included in Licensee’s Portfolio) and that Licensee
must contact Market Technologies within the twenty-
one (21) day Registration Period to complete
Registration of Licensee’s Portfolio component market
categories enabling the Licensee’s Portfolio to function
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 in the Software past such twenty-one (21) day
Registration Period. If Licensee does not complete
Registration of Licensee’s Portfolio within such
twenty-one (21) day Registration Period, all
component market categories (including the
component market categories comprising Licensee’s
Portfolio) in the Software will become disabled and
will not function. However, Licensee’s Portfolio
component market categories can be enabled by
Licensee at any time by contacting Market
Technologies to complete Registration of the
Licensee’s Portfolio at the prevailing fee set by Market
Technologies.
b. If Licensee thereafter desires to add new component
market categories to Licensee’s Portfolio, upon
payment of prescribed fees to Market Technologies as
Market Technologies may specify, Licensee shall be
entitled to a new Registration from Market
Technologies similarly enabling the new component
market categories to be included in Licensee’s
Portfolio.
3. Restrictions on Use. Licensee shall not copy, reprint,
reproduce, duplicate or modify any part of Licensed Package
(electronically or otherwise) or assist any other party in doing so
either during or after the term of this Agreement. Licensee agrees,
during the term of this Agreement, not to create or attempt to
create, by reverse engineering, reverse assembling, reverse
compiling, decompiling or otherwise, source programs or materials
that simulate or perform similar functions to those in Licensed
Package or information made available to Licensee under this
Agreement. Licensee further agrees not to create derivative works
based upon Licensed Package, or any part or component market
category thereof, or allow or authorize others to do so. Licensee
shall not rent, lease, or lend Licensed Package, provide commercial
hosting services with Licensed Package or use Licensed Package in
any form or by any means to provide trading advice or information
to any third party for a fee, or post or distribute information based
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upon or derived from the output of the Licensed Package in any
public or private forum including, but not limited to, print, the
Internet, online chat, instant message, online forums, any form of
newsletter (whether electronic or otherwise), radio or television, for
any purpose, including any commercial venture or purpose in
which the Licensee seeks to receive a fee for service. Licensee
represents and warrants that Licensee will not participate in any
commercial or business venture whatsoever, wherein the use of and
reliance on Licensed Package is in any way a part of said
commercial business venture. Notwithstanding all of the above,
Licensee may make one copy of any software programs contained in
Licensed Package for purposes of backup only and may only
transfer such copy to one of Licensee’s hard disks. Any such copy
made must include the appropriate copyright notice as contained
on the copy in Licensed Package originally provided to Licensee.
4. Restrictions on Disclosure. Licensee shall not, at any time,
lease, license, transfer, publish, disseminate, or disclose Licensed
Package or any part or component market category thereof or any
output derived from the use of Licensed Package, in whole or in
part, in any form or by any means (including, but not limited to,
any form of newsletter whether electronic or printed, public trading
forum or website) to any third party for financial gain, except to
execute trades in Licensee’s own brokerage account. Licensee shall
not use Licensed Package or any part or component market thereof
on more than one computer at any time whether on a network or
otherwise. If Licensee intends to use Licensed Package in the
furtherance of Licensee’s business enterprise or for any commercial
business venture, Licensee shall not use Licensed Package without
first agreeing to the Commercial Business Addendum to this
Agreement and payment of the fee prescribed by Market
Technologies for such use.
5. Liability for Unauthorized Use or Disclosure. Licensee
acknowledges that any unauthorized use or disclosure of Licensed
Package will diminish the value of Market Technologies and its
products and will cause irreparable and continuing damage to
Market Technologies for which an adequate legal remedy will not
exist. Accordingly, Licensee stipulates that, if it breaches any of its
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covenants in this Agreement, Market Technologies will be entitled
to an entry of a court order granting specific performance or
injunctive relief, without requirement of a bond or proof of
monetary damage or an inadequate remedy at law, in addition to all
other remedies available at law or equity.
6. Title. Licensee acknowledges that all title to and ownership
rights in Licensed Package and any part or component market
category thereof, including, without limitation, all derivative works,
customizations, enhancements, modifications, improvements,
derivations or other changes thereto (herein collectively referred to
as the “Licensed Package & All Derivations”), all Updates (as
defined below), and all underlying patent, copyright, trade secret,
trademark and other intellectual property rights, are owned and/or
exclusively licensed by Market Technologies. Licensee shall not
acquire any rights in Licensed Package & All Derivations of such
Licensed Package, or any part or component market category
thereof, or in any Update by virtue of this Agreement. Market
Technologies shall retain all title to and rights in physical materials
included in Licensed Package and licensed under this Agreement.
7. Disclaimer of Warranties. MARKET TECHNOLOGIES’
SOLE AND EXCLUSIVE WARRANTY IS THAT THE CD-ROM
DISK FURNISHED TO LICENSEE IS FREE FROM DEFECTS IN
MATERIALS AND WORKMANSHIP UNDER NORMAL USE FOR
A PERIOD OF NINETY (90) DAYS FROM THE DATE OF INITIAL
RECEIPT BY LICENSEE. If, under normal use, the CD-ROM
disk(s) has such a defect within the first ninety (90) days from the
date of initial receipt, Licensee is entitled to replacement of the
defective disk(s) in accordance with Section 8 of this Agreement.
LICENSEE ACKNOWLEDGES THAT MARKET TECHNOLOGIES
HAS NOT REPRESENTED OR WARRANTED THAT THE USE OF,
OR ACCESS TO, THE LICENSED PACKAGE WILL BE
UNINTERUPTED, ERROR FREE OR WITHOUT INACCURACIES
OR DELAY DUE TO ANY NUMBER OF FACTORS INCLUDING
WITHOUT LIMITATION NATURAL CATASTROPHIES;
GOVERNMENTAL ACTS; POWER FAILURE, BREAKDOWNS OR
FAILURE OF COMMUNICATIONS SYSTEMS OR THE
INTERNET; PERIODIC SYSTEM MAINTENANCE, SCHEDULED
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OR UNSCHEDULED; TECHNICAL FAILURE OF THE LICENSED
PACKAGE, TELECOMMUNICATIONS INFRASTRUCTURE, OR
DELAY OR DISRUPTION ATTRIBUTABLE TO VIRUSES, DENIAL
OF SERVICE ATTACKS, INCREASED OR FLUCTUATING
DEMAND, AND ACTIONS OR OMISSIONS OF THIRD PARTIES.
LICENSEE ACKNOWLEDGES THAT MARKET TECHNOLOGIES
MAKES NO REPRESENTATIONS CONCERNING THE
SUITABILITY OF LICENSED PACKAGE FOR USE BY LICENSEE,
AND THAT LICENSEE SHOULD DETERMINE FOR HIMSELF OR
ITSELF WHETHER, AND TO WHAT EXTENT, THE USE OF
LICENSED PACKAGE IS SUITABLE FOR LICENSEE. LICENSEE
FURTHER ACKNOWLEDGES AND UNDERSTANDS THAT
MARKET TECHNOLOGIES MAKES NO CLAIMS, GUARANTEES,
PROMISES OR WARRANTIES TO LICENSEE, EITHER EXPRESS
OR IMPLIED, OF ANY NATURE WITH RESPECT TO LICENSED
PACKAGE, OR ANY PART THEREOF; OR TO THE USE THEREOF
OR AS TO THE RESULTS OR OUTPUT OF THE USE OF
LICENSED PACKAGE; OR AS TO ANY CONDITION, QUALITY,
PERFORMANCE, CORRECTNESS, ACCURACY, PROFITABILITY,
PREDICTIVENESS, TIMELINESS, OPERATION, OR
RELIABILITY THEREOF; OR TO THE INTERACTION (OR
FAILURE TO INTERACT PROPERLY) WITH ANY OTHER
HARDWARE OR SOFTWARE WHETHER PROVIDED BY
MARKET TECHNOLOGIES OR A THIRD PARTY; OR AS TO THE
MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OF LICENSED PACKAGE WITH RESPECT TO ANY
PROPOSED USE BY LICENSEE. MARKET TECHNOLOGIES
DOES NOT REPRESENT OR WARRANT THAT THE MARKETS
COMPRISING THE COMPONENT MARKET CATEGORIES WILL
BEHAVE AS INDICATED BY THE OUTPUT DERIVED FROM THE
USE BY LICENSEE OF LICENSED PACKAGE. MARKET
TECHNOLOGIES MAKES NO CLAIMS, GUARANTEES,
PROMISES OR WARRANTIES TO LICENSEE WITH RESPECT TO
ANY PROFITS FROM TRADING ON THE BASIS OF, OR IN
RELIANCE ON, LICENSED PACKAGE OR THE USE THEREOF.
Licensee acknowledges that Market Technologies is not a market
data provider, that Licensee will need to obtain and download daily

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end-of-day data compatible to the Software from an independent,
third-party data provider at Licensee’s expense, and that Market
Technologies and the Software do not have mechanisms for and do
not endeavor to detect errors, omissions, data non-delivery, data
mis-delivery or other problems with the data provided by Licensee’s
data provider, and that it is the data provider’s, not Market
Technologies’, duty to notify Licensee of any such errors, omissions,
or other problems with the data provided. Accordingly, Market
Technologies shall not be responsible for any errors, omissions or
other problems in the data used by Licensee in conjunction with
Licensed Package or any disruptions in the provision or
transmission of such data by the Licensee’s data provider to the
Licensee’s computer, which could cause the Licensed Package to
generate incorrect, incomplete, or intermittent information that, if
relied upon by Licensee, could result in misinformed trading
decisions and potentially substantial losses.
8. Damages. MARKET TECHNOLOGIES' ENTIRE AND
MAXIMUM LIABILITY SHALL BE FOR REPLACEMENT OF ANY
DEFECTIVE DISK. NEITHER MARKET TECHNOLOGIES NOR
ITS EMPLOYEES, OFFICERS, MANAGERS, MEMBERS, OR
DIRECTORS SHALL BE LIABLE FOR ANY DAMAGES OR
CLAIMS ARISING OUT OF, RELATED TO, OR IN CONNECTION
WITH THE USE OR PERFORMANCE OF LICENSED PACKAGE,
INCLUDING, BUT NOT LIMITED TO, SPECIAL, DIRECT,
INCIDENTAL, LOST PROFITS, DIMINUTION IN VALUE,
PROPERTY DAMAGE, CONSEQUENTIAL OR OTHER DAMAGES
FOR ANY TYPE OF DAMAGE, INJURY OR LOSS, INVASION OR
LOSS OF PRIVACY, OR FOR BREACH OF ANY DUTY
(INCLUDING BUT NOT LIMITED TO ANY DUTY OF GOOD
FAITH, NEGLIGENCE OR OF WORKMANLIKE EFFORT),
HOWEVER CAUSED, OR UNDER ANY THEORY OF LIABILITY,
WHETHER BASED IN CONTRACT, TORT (INCLUDING
NEGLIGENCE), STRICT LIABILITY, PATENT INFRINGEMENT,
TRADEMARK INFRINGEMENT, COPYRIGHT INFRINGEMENT,
OR OTHERWISE AND REGARDLESS OF WHETHER EITHER
PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGE. THIS EXCLUSION SHALL APPLY DESPITE ANY
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DEFECT, ERROR, INCOMPLETENESS, OMISSIONS OR
INACCURACIES IN THE SOFTWARE, DOCUMENTATION OR
OTHER MATERIALS CONTAINED IN LICENSED PACKAGE OR
IN ANY PRODUCT OR SERVICE FURNISHED TO LICENSEE BY
MARKET TECHNOLOGIES IN CONNECTION THEREWITH, AND
THIS EXCLUSION SHALL LIKEWISE APPLY EVEN IF MARKET
TECHNOLOGIES HAS BEEN ADVISED OF THE EXISTENCE OR
A POSSIBILITY OF ANY DEFECT, ERROR, INCOMPLETENESS,
OMISSIONS, INACCURACIES OR SUCH DAMAGES OR CLAIM.
LICENSEE ACKNOWLEDGES THAT LICENSEE BEARS ALL RISK
FROM ANY USE BY LICENSEE OF THE LICENSED PACKAGE
AND THAT MARKET TECHNOLOGIES IS NOT RESPONSIBLE
FOR ANY DAMAGES OR LOSSES SUSTAINED BY LICENSEE,
INCLUDING BUT NOT LIMITED TO ANY DAMAGES TO
LICENSEE’S COMPUTER, SOFTWARE, MODEM, TELEPHONE,
DATA FILES OR OTHER PROPERTY RESULTING FROM
LICENSEE’S USE OF LICENSED PACKAGE.
9. Updates. Market Technologies agrees, but is not
obligated, to advise Licensee of any modifications, neural network
retrainings, enhancements and updates to Licensed Package
including the availability of new component market categories
(herein referred to collectively as “Updates”) as they are released by
Market Technologies provided that Licensee has kept Market
Technologies current with updated contact information including
email address, mailing address, and daytime telephone number.
Licensee agrees to put Market Technologies’ email address into his
Microsoft Outlook to avoid having spam filters block emails sent by
Market Technologies to Licensee. Upon payment of prescribed fees
to Market Technologies, as Market Technologies may specify from
time to time for such Updates, Licensee will be entitled to receive
and use such Updates in accordance with this Agreement. If
Licensee chooses not to pay for such Updates as they become
available, Licensee will still be entitled to continue to use previous
versions of Licensed Package that Licensee had paid for. However,
it is understood that such previous versions will no longer undergo
any further modifications, neural network retrainings,
improvements or enhancements by Market Technologies. Upon
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receipt of any Updates, if requested by Market Technologies to do
so, Licensee agrees immediately to return to Market Technologies
all previous versions of Licensed Package then in his or its
possession.
10. Mandatory On-Line Activation.
a) Licensee acknowledges that Licensee, at Licensee’s sole
expense, is responsible for and must provide all
computer hardware, Internet connection, telephone and
other equipment, and operating system software
necessary to comply with the requirements needed for
Initial Activation, Registration, and Reactivation of the
Licensed Package in accordance with the procedures
detailed in the VantagePoint Intermarket Analysis
Software User’s Guide and that such Initial Activation,
Registration, and Reactivation are based on the exchange
of information between Licensee’s computer and Market
Technologies through an Internet connection. Licensee
acknowledges that there are technological measures in
the Software that are designed to prevent unlicensed or
illegal use of the Software, and that Market Technologies
may use such measures, which may include installing
them on Licensee’s computer to verify Licensee’s
compliance with the terms of this Agreement. Licensee
agrees to adhere to any requirements regarding such
measures.
b) Licensee agrees that it will not take any action that
imposes an unreasonable or disproportionately large
load on Market Technologies’ on-line activation
infrastructure. If it is determined that Licensee took
action with the malicious intent of disrupting,
destroying, or overloading Market Technologies’ on-line
activation infrastructure, Licensee will be liable to
Market Technologies for any and all available legal and
equitable remedies. Such remedies would include but not
be limited to reimbursing Market Technologies for all
costs associated with returning the infrastructure to its
normal operating level and reimbursing Market
- 161 - V8 -081809 80108
 Technologies for any lost profits resulting from the
disruption, destruction, or overload of its infrastructure.
11. Customer Support. Market Technologies agrees to provide
Licensee with reasonable telephone customer support (herein
referred to as "Initial Support") for a period of twelve (12) months
from the date of initial receipt of Licensed Package by Licensee. A
non-cancelable, non-transferable, annual prepaid customer support
plan (“Paid Customer Support Plan”) is available upon the
expiration of the Initial Support period during the product lifecycle
of Licensed Package. Neither Market Technologies, nor its
affiliates, in the performance of providing Initial or Paid Customer
Support Plan services, provides or offers trading advice, strategies
or systems of any kind. The sole purpose of support services is to
assist Licensee in the use of the Licensed Package.
12. Exchanges. Licensee is entitled to a one-time exchange of
one or more Licensee’s Portfolio’s categories at no charge, with
additional exchanges at the then-prevailing prescribed fee set by
Market Technologies.
13. Speculative Nature. Licensee acknowledges and understands
the speculative nature of the commodities futures and financial
markets and recognizes the high degree of risk involved in
participating in such markets, with or without the use of Licensed
Package. Licensee acknowledges and understands that Licensed
Package provides information regarding possible future market
movements based upon historical analysis of past market
movements, that Licensed Package does not provide specific trade
recommendations including buy and sell signals, that the markets
comprising the component market categories may not behave as
indicated by the output derived from the use by Licensee of
Licensed Package and that Licensee bears the sole risk for all orders
for trades placed by Licensee as a result of considering such output.
Licensee also acknowledges that the Software and documentation
furnished by Market Technologies in Licensed Package are an
analytic tool only and are not intended to replace Licensee’s
individual research or receipt of professional investment advice,
and that neither the Licensed Package nor the Initial or Paid
Customer Support related to the Licensee’s use of the Licensed
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Package constitute the provision of trading advice or an
endorsement or recommendation by Market Technologies of any
trading methods, programs, systems, or routines, based on, or
tailored to, any positions or other circumstances or characteristics
of Licensee or anyone else, or otherwise. Licensee further
acknowledges that individual performance in the financial markets
depends upon individual skills and experience at performing
technical analysis, knowledge of and familiarity with the markets,
effectiveness of individual decision making and decisiveness, and
time availability to devote to analyzing and trading the markets. IT
IS EXPRESSLY UNDERSTOOD THAT NEITHER THIS LICENSE
AGREEMENT, NOR ANY STATEMENT, REPRESENTATION, OR
ASSERTION WITHIN THIS LICENSE AGREEMENT OR ANY
PROMOTIONAL MATERIALS LICENSEE HAS REVIEWED OR
ANY OTHER ORAL OR WRITTEN STATEMENT OR
REPRESENTATION MADE BY MARKET TECHNOLOGIES OR
ITS AGENTS OR REPRESENTATIVES MAKES OR CONSTITUTES
ANY GUARANTEE OF, OR REPRESENTATION RELATING TO,
PERFORMANCE OF LICENSED PACKAGE INCLUDING THAT
OF ITS PREDICTIVE ACCURACY AT FORECASTING MARKET
PRICES OR TRENDS AND THAT MARKET TECHNOLOGIES
ALSO MAKES NO GUARANATEE OF PERFORMANCE EITHER
IN THIS AGREEMENT OR OTHERWISE. IT IS ALSO
UNDERSTOOD THAT THE SOFTWARE IS AN ANALYTIC TOOL
AND NOT A TRADING SYSTEM AND THAT MARKET
TECHNOLOGIES MAKES NO REPRESENTATIONS OR
GUARANTEES THAT LICENSEE WILL MAKE PROFITS AND/OR
NOT SUFFER ANY LOSSES FROM TRADING BASED ON, OR IN
RELIANCE ON, LICENSED PACKAGE OR THE USE THEREOF.
LICENSEE ASSUMES FULL RESPONSIBILITY TO MAKE HIS OR
ITS OWN TRADING DECISIONS INVOLVING ENTRIES, EXITS,
AND STOP PLACEMENTS, BASED UPON HIS OR ITS OWN
ASSESSMENT OF HIS OR ITS TRADING STYLE, OBJECTIVES,
RISK PROPENSITY, RISK CAPITAL, EXPERTISE AND
EXPERIENCE AS A TRADER ALL OF WHICH CAN INFLUENCE
LICENSEE’S TRADING RESULTS SUCH THAT HIS OR ITS
PERFORMANCE RESULTS MAY BE BETTER OR WORSE THAN

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THAT OF OTHER TRADERS INCLUDING THOSE WHO MAY
ALSO BE USING LICENSED PACKAGE AT THE SAME TIME.
UNDER NO CIRCUMSTANCES IS MARKET TECHNOLOGIES
RESPONSIBLE FOR LICENSEE’S TRADING RESULTS OR
PERFORMANCE BASED UPON THE TRADING DECISIONS
THAT LICENSEE MAKES. FURTHERMORE, IT IS
UNDERSTOOD THAT HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED BELOW. LICENSEE AGREES THAT
NO REPRESENTATION IS BEING MADE OR HAS BEEN MADE
THAT ANY ACCOUNT OR TRADE WILL OR IS LIKELY TO
ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN IN
LICENSED PACKAGE OR IN ANY OF MARKET TECHNOLOGIES’
PROMOTIONAL MATERIALS. IN FACT, THERE ARE
FREQUENTLY SHARP DIFFERENCES BETWEEN
HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL
RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR
TRADING PROGRAM. ONE OF THE LIMITATIONS OF
HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE
GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.
IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE
FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD
CAN COMPLETELY ACCOUNT FOR THE IMPACT OF
FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE
ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A
PARTICULAR TRADING PROGRAM IN SPITE OF TRADING
LOSSES ARE MATERIAL POINTS WHICH CAN ALSO
ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE
ARE NUMEROUS OTHER FACTORS RELATED TO THE
MARKETS, IN GENERAL, OR TO THE IMPLEMENTATION OF
ANY SPECIFIC TRADING PROGRAM, WHICH CANNOT BE
FULLY ACCOUNTED FOR IN THE PREPARATION OF
HYPOTHETICAL PERFORMANCE RESULTS, AND ALL OF
WHICH CAN ADVERSELY AFFECT ACTUAL TRADING
RESULTS. MARKET TECHNOLOGIES HAS HAD LITTLE OR NO
EXPERIENCE IN TRADING ACTUAL ACCOUNTS FOR ITSELF
OR FOR CUSTOMERS. SINCE THERE ARE NO ACTUAL

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TRADING RESULTS TO COMPARE TO THE HYPOTHETICAL
PERFORMANCE RESULTS, LICENSEE SHOULD BE
PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON
THESE HYPOTHETICAL PERFORMANCE RESULTS.
14. Hold Harmless; Indemnification; Release; Covenant Not to
Sue. Licensee acknowledges it is fully aware of the hazards and
risks, including financial risks, associated with trading in
commodity and financial futures, Forex, ETF and equities and the
use of Licensed Package. In part consideration of the License
granted herein, Licensee agrees to release, indemnify and hold
harmless Market Technologies, its successors, affiliates and assigns,
and each of their respective officers, members, managers, directors,
employees, contractors, insurers and agents (collectively, the
“Releasees”), and waives with respect to each Releasee, and
covenants not to sue any Releasee for, any and all liabilities, claims,
demands, actions, causes of action, damages, losses and expenses
(including, but not limited to, attorneys’ fees and costs) of any
nature whatsoever (collectively, the “Liabilities”) arising out of or in
connection with Licensee’s use of Licensed Package or trading
decisions and payment of any fees associated with the License,
Updates or Paid Customer Support. Such hold harmless, release,
discharge, waiver and covenant not to sue shall include but not be
limited to any Liabilities caused, in whole or in part, by the
negligence (of any type) of any Releasee in connection with
Licensed Package or the promotion or marketing thereof. However,
such Liabilities shall not include Market Technologies’ obligation,
under Section 8 above, to replace a defective CD-ROM Disk.
15. Intended Use. It is agreed by the parties that
commodity and financial futures, Forex, ETF and equities traders in
the furtherance of their investment pursuits are the intended users
of Licensed Package. Licensed Package is not designed for
educational use or uses outside the commodity and financial
futures, Forex, ETF and equities fields. Licensee hereby represents
to Market Technologies that Licensee is aware of the risks
associated with the commodity and financial futures, Forex, ETF
and equities fields and any program of trading therein.

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16. Export Restrictions. Licensee acknowledges that Licensed
Package is subject to U.S. export jurisdiction. Licensee agrees to
comply with all applicable international and national laws that
apply to Licensed Package, including the U.S. Export
Administration Regulations, as well as end-user, end-use, and
destination restrictions issued by U.S. and other governments and
shall pay all tariffs, duties and fees where applicable.
17. Governing Law, Jurisdiction, and Venue. This
Agreement shall be governed, interpreted and construed in
accordance with the decisional laws of the State of Florida. This
choice of law provision is intended to operate to the exclusion of (a)
any choice of law or other law or provision that would result in this
Agreement or any disputes arising out of or related to this
Agreement being resolved by the decisional laws of any other state
or country and (b) any law or convention that would otherwise
apply including, but not limited to, the United Nations Convention
on Contracts for the International Sale of Goods. If awarded, the
total of all damages due to Licensee shall be in accordance with
Section 8 above. The parties hereby both knowingly, voluntarily,
intentionally and irrevocably agree to waive any right to have any
issue resolved by a jury and cede to the Court all matters of law and
fact for resolution. Licensee and Market Technologies each agree
that the exclusive venue for bringing and maintaining any action
arising out of, related to, or in connection with this Agreement shall
be in Hillsborough County, Florida or federal court for the Middle
District of Florida, Tampa Division. Licensee and Market
Technologies agree that, if Licensee brings any action or proceeding
against Market Technologies in any other venue in violation of this
forum selection clause and Market Technologies is the prevailing
party on a motion to dismiss for improper venue or motion to
transfer venue, Market Technologies will be immediately entitled to
recover its costs and attorney’s fees associated with such motion.
Licensee hereby irrevocably consents to personal jurisdiction in the
State of Florida and hereby waives any claim or defense that such
venue is not convenient or proper, and consents to service of
process by any means authorized by Florida law.
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18. Term. This Agreement shall remain in effect until
terminated by one or more of the following occurrences:
a. Breach by Licensee of any term or condition of this
Agreement; provided that, except as set forth below,
Market Technologies shall give Licensee written
notice of such termination at the last known address
of Licensee. If Licensee fails to cure such breach
within ten (10) days after such notice, Licensee shall
immediately cease all use of Licensed Package and
immediately return Licensed Package and all versions,
parts and component market categories thereof and
all Updates in its possession, including any materials
and documentation related thereto to Market
Technologies without prejudice to any other rights
Market Technologies may have.
b. Without notice, upon breach by Licensee of any of the
conditions set forth in Sections 3 or 4 above.
Upon termination due to any occurrence enumerated in
Subsections 18(a) or 18(b) above, Licensee shall immediately return
to Market Technologies all parts and component market categories
of Licensed Package & All Derivations and all Updates in its
possession, including all copies, documentation, and materials,
without refund or credit and without prejudice to any other rights
Market Technologies may have.
19. Refund. Licensed Package may be returned at Licensee’s
expense for a partial refund (excluding a $495.00 refund processing
fee) provided that Licensee meets each of the following conditions:
(a) Licensee contacts Market Technologies within fifteen (15)
calendar days from the date of initial receipt by Licensee and
requests deactivation of the Software; (b) Licensed Package is fully
returned (as specified herein) and postmarked by Licensee within
fifteen (15) calendar days from the date of initial receipt by Licensee
(“Returned Period”); (c) the Licensee must execute and return a
License Termination and Release Agreement (“the Termination
- 167 - V8 -081809 80108
Agreement”); and (d) Market Technologies must receive the
Termination Agreement executed by Licensee, postmarked within
ten (10) days from the date that Market Technologies sent the
Termination Agreement to Licensee. Market Technologies will only
issue the refund amount after all four of the foregoing conditions
have been met. If all four of the foregoing conditions have not been
met, Licensee shall not be entitled to any refund, notwithstanding
Licensee’s completion of one or more of the foregoing conditions.
Upon request by Licensee, at any time either prior to or after
Licensee has accepted the Agreement, a copy of the Termination
Agreement will be emailed to the Licensee by Market Technologies.
A return must include all versions, parts and component market
categories of Licensed Package & All Derivations and all Updates
then within the care, custody or control of Licensee, including the
documentation, User’s Guide, and related materials, including any
promotional offers that were made available to Licensee.
Subsequent licensing of additional Updates, components, or add-
ons of any kind by Licensee does not extend the Returned Period
for any previous product or version licensed by Licensee.
Subsequent licensing of additional Updates, components, or add-
ons of any kind by Licensee does not extend the fifteen (15)
calendar day window for return eligibility for any previous product
or version licensed by Licensee. It is incumbent on Licensee to call
Market Technologies at (813) 973-3875, Monday through Friday,
9:00 AM to 5:00 PM Eastern Standard Time to deactivate the
Software over the telephone. It is strongly encouraged for Licensee
to use a traceable, overnight carrier to ensure compliance with this
provision, as there will be no exceptions should this time frame not
be met.
IF LICENSEE RETAINS LICENSED PACKAGE BEYOND THE
RETURNED PERIOD, IT IS UNDERSTOOD THAT LICENSEE
WILL NOT BE ENTITLED TO A REFUND OF THE FEE FOR THE
ENTIRE LICENSED PACKAGE OR ANY COMPONENT MARKETS
THEREOF FOR ANY REASON REGARDLESS OF THE
CIRCUMSTANCES.

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20. Successors. It is agreed that the benefits and the burdens of
this Agreement shall inure to the benefit of and be binding upon
Market Technologies, its successors and assigns, and Licensee, his
or its successors, heirs, and personal representatives.
21. Attorney’s Fees. In the event Market Technologies should be
required to take legal action to enforce any of the provisions of this
Agreement, Market Technologies may recover its reasonable
Attorney’s fees (up to and including any appellate proceedings) and
costs from the Licensee whether or not litigation results. This
Section shall be construed as an agreement, independent of any
other provision in this Agreement, and the existence of any claim or
cause of action on the part of Licensee against Market Technologies,
whether predicated on this Agreement or otherwise, shall not
constitute a defense to the enforcement by Market Technologies of
the provisions of this Section.
22. Construction. Section headings and pronouns are
included solely for convenient reference and shall not control the
meaning or the interpretation of any of the provisions of this
Agreement.
23. Entire Agreement. The parties agree that this Agreement is
the entire License Agreement between them governing the use of
Licensed Package by the Licensee and supersedes any proposal or
prior agreement, oral or written, or any other communications
between them relating to the subject matter hereof.
24. Modifications. The parties agree that this Agreement cannot
be changed by any oral statements, but only by a license agreement
modification (“License Agreement Modification”). The Licensee
must execute and return a License Agreement Modification and
Market Technologies must receive the License Agreement
Modification executed by Licensee, postmarked within ten (10) days
from the date that Market Technologies sent the License Agreement
Modification to Licensee. The License Agreement Modification shall
become effective (the “Effective Date”) upon receipt by Market
Technologies.

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25. Updated and/or Subsequent Versions of Licensed Package.
The parties agree that this Agreement shall govern and control all
obligations of Licensee with respect to the current version of the
Licensed Package licensed to the Licensee and that any updated and
subsequent versions of Licensed Package including new component
market categories either added to the Licensee’s Portfolio or
otherwise provided to the Licensee by Market Technologies shall be
governed by the version of the License Agreement accepted by the
Licensee when installing such updated and subsequent versions of
the Licensed Package; provided, however, that, this version of the
License Agreement shall control if the installation and/or use of
such updated and subsequent versions of the Licensed Package are
not supported by consideration.
26. No Fraud or Reliance on Market Technologies
Representations. Licensee further acknowledges and agrees that
Licensee entered into this Agreement based solely upon the terms
contained within this Agreement and without relying upon any oral
or written inducements, statements or representations by Market
Technologies or its agents or representatives that are not set forth
in this Agreement.
27. Severability. If any provision of this Agreement is held for
any reason to be unenforceable by a court of competent jurisdiction,
the remainder of this Agreement will, nevertheless, remain in full
force and effect in that jurisdiction.
28. Non-acceptance of Agreement. If Licensee does not accept
the terms of this Agreement for any reason, then Licensee must
contact Market Technologies to obtain a Return Merchandise
Authorization number ("RMA") within five (5) calendar days from
the date of initial receipt by Licensee of Licensed Package, must
display the RMA number prominently on the outside of the
Licensed Package, and must return all materials comprising
Licensed Package to Market Technologies postmarked by Licensee
within ten (10) calendar days from the date of initial receipt by
Licensee of Licensed Package for a partial refund, excluding any
credit card processing fees incurred by Market Technologies and its
initial shipping and handling charges. IT IS UNDERSTOOD THAT
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THE DATE OF INITIAL RECEIPT BY LICENSEE IS: (A) THE
DATE THAT LICENSED PACKAGE WAS DELIVERED TO THE
ADDRESS PROVIDED TO MARKET TECHNOLOGIES BY
LICENSEE AND SIGNED FOR BY AN ADULT AT THAT
ADDRESS, (B) THE DATE THAT MARKET TECHNOLOGIES
SENT AN EMAIL TO THE EMAIL ADDRESS GIVEN TO MARKET
TECHNOLOGIES BY THE LICENSEE, IN WHICH THE EMAIL
CONTAINED A LINK TO ALLOW THE LICENSEE TO
DOWNLOAD THE SOFTWARE FROM MARKET
TEHCNOLOGIES’ WEBSITE, OR (C) THE DATE THAT MARKET
TECHNOLOGIES HAND-DELIVERED THE LICENSED PACKAGE
TO THE LICENSEE AT MARKET TECHNOLOGIES’ PLACE OF
BUSINESS.
29. Additional Acknowledgements. LICENSEE FURTHER
ACKNOWLEDGES THAT LICENSEE HAS CAREFULLY READ
THIS AGREEMENT, HAD SUFFICIENT OPPORTUNITY TO
CONSULT WITH LEGAL COUNSEL OF LICENSEE’S CHOICE
BEFORE ENTERING THIS AGREEMENT AND/OR CONTINUING
WITH THE INSTALLATION OF THE SOFTWARE,
UNDERSTANDS LICENSEE’S RIGHTS AND OBLIGATIONS
UNDER THE AGREEMENT, AND THAT THE INSTALLATION BY
LICENSEE OF THE SOFTWARE ON THE LICENSEE’S
COMPUTER IS AN ACCEPTANCE BY THE LICENSEE OF ALL OF
THE TERMS AND CONDITIONS OF THIS AGREEMENT.

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 EXHIBIT “A”
LICENSED PACKAGE
VantagePoint Intermarket Analysis Software (includes all
component market categories) comprised of 1 CD-ROM Disk
enclosed in a CD Package: VantagePoint Intermarket
Analysis Software.
VantagePoint Intermarket Analysis Software User’s Guide.
Book - Forex Trading using Intermarket Analysis by Louis B.
Mendelsohn
Book - Trend Forecasting with Intermarket Analysis by Louis B.
Mendelsohn

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