Portfolio Creation, Understanding & Trading with Advanced GET

DSM

Well-Known Member
#1
Advanced GET (Ad GET) is an award winning software nominated about 11 times as the best trading software by Traders Magazine. Have heard about it, and got a demo from Viratech a few years back. The cost quoted to me then was about 175,000 which is ofcourse huge. But I was not convinced then as there was no trial period offered. I took the claims made by the rep. with a pinch of salt, since he ofcourse had a vested interest in selling the product.

The one argument against Advanced GET is that it may not suit the personality or style of all traders. The reason? It has high levels of SL, as I found out during the demo. Also, we all know that in a sideways market, there are many false signals, whereas a trending market, all indicators work. The question therefore is what sets Ad GET apart from others? I want to check this out and find for myself. I am sure there are a few traders who have used Ad GET, and would welcome their input and feedback. I will be having access to Ad GET next month from a friend who has this software. And meanwhile, I want to update myself with different tools that are available from the system. What better way to do it, than during slow trading hours, when there is subdued action.? The tools that I am looking at would be : Elliott Oscillator, eXpert Trend Locator and False Bar Stochastic, and much spoken about Advanced GET Type 1 and 2 trades.

Some users have found fault with the wave count of EW on AdGET, as the wave count keeps changing. Well, I intend to find out. My objective would be to scan for trade ideas recommended by AdGET and create two portfolios for a period of 3 months and evaluate its performance. Assuming a capital of 3 lacs, would like to create the following :

Balanced Portfolio : 2 long trades, 2 short trades.
Dynamic Portfolio : Trade in the direction of the overall market trend (Nifty and Bank Nifty) Hence the trades could be 2-2, 3-1 or 4-0 long or short as the case may be depending if Nifty and BankNifty are trending or not.

All trades will be in futures scripts. So till the time we get going, I will update this thread with articles and videos that I will update myself with during the 'slow market hours' Ideas and suggestions welcome.
 

DSM

Well-Known Member
#3

DSM

Well-Known Member
#4
Had some hopes on using XTL (eXpert Trend Locator) function of AdGET to find some good trade setups. Watching this official? video of an AdGET user of over a decade, gives one compelling arguments against using it. From what I understood, AdGET is not 100% rule based, but involves a lot of self analysis, and is discretionary. :( More as I go along.

https://www.youtube.com/watch?v=ojqjV01wOZo
 
Last edited:
#5
It's not worth it. Don't waste your money.

Take a clean chart and learn price action. you have a better chance of success than some EW system.

Till today i have not found a single person in trading community who successfully uses or have anything positive to say about EW. EW in theory looks good and it does a good job of explaining a trend , but most markets don't spend time in trends. They spend more time in channels and ranges. Moreover if you understand PA , you can use a Simple MA to trade a trend. you don't a complicated theory like EW to trade a trend.

I use esignal , but not ADGET. Like any other systems based trading it will not give you the edge in long term.
 

DSM

Well-Known Member
#6
:( :( :(

Thanks Throwaway for your feedback. Infact, I do trade price action and follow simple indicators (MA, Supertrend) Am comfortable using them. However my quest is to find out why Traders magazine voted AdGET as the best trading software for 11 odd years. I already have seen a demo of AdGET from Viratech, but was not convinced then. But as I am getting an opportunity to access it for free now, I want to revisit it and check out its capabilities in depth. Out of the 4,000 odd stocks traded, what kind of picks it can throw out? While my focus will be on index and future stocks, I do want to check out other possibilities. What if there is some penny stocks trading with good volume, that shows a possibility of breakout or being multibagger.? What if these can be traded with a good RR? In my mind, it is better to be open to asking questions. Nothing ventured, nothing gained.

Having said what I have said, I too am skeptical as of now. More so watching the XTL video of a experienced AdGET user. But the very reason of creating this thread and posting trades will ensure discipline and a rule based criteria to take a view on AdGET.

Wondering if AdGET is like a mainframe computer that is given to a non programmer.? It has uses, if one learns how to operate it. Else, it will only be good place to keep the flower vase. :) :) :) The views on AdGET is not good among retail traders, but some professionals do swear by it. Hence spending some time learning and going deeper. Will keep my quest updated here. And once again, thanks for your views. Appreciated.

It's not worth it. Don't waste your money.

Take a clean chart and learn price action. you have a better chance of success than some EW system.

Till today i have not found a single person in trading community who successfully uses or have anything positive to say about EW. EW in theory looks good and it does a good job of explaining a trend , but most markets don't spend time in trends. They spend more time in channels and ranges. Moreover if you understand PA , you can use a Simple MA to trade a trend. you don't a complicated theory like EW to trade a trend.

I use esignal , but not ADGET. Like any other systems based trading it will not give you the edge in long term.
 
#7
:( :( :(

Thanks Throwaway for your feedback. Infact, I do trade price action and follow simple indicators (MA, Supertrend) Am comfortable using them. However my quest is to find out why Traders magazine voted AdGET as the best trading software for 11 odd years. I already have seen a demo of AdGET from Viratech, but was not convinced then. But as I am getting an opportunity to access it for free now, I want to revisit it and check out its capabilities in depth. Out of the 4,000 odd stocks traded, what kind of picks it can throw out? While my focus will be on index and future stocks, I do want to check out other possibilities. What if there is some penny stocks trading with good volume, that shows a possibility of breakout or being multibagger.? What if these can be traded with a good RR? In my mind, it is better to be open to asking questions. Nothing ventured, nothing gained.

Having said what I have said, I too am skeptical as of now. More so watching the XTL video of a experienced AdGET user. But the very reason of creating this thread and posting trades will ensure discipline and a rule based criteria to take a view on AdGET.

Wondering if AdGET is like a mainframe computer that is given to a non programmer.? It has uses, if one learns how to operate it. Else, it will only be good place to keep the flower vase. :) :) :) The views on AdGET is not good among retail traders, but some professionals do swear by it. Hence spending some time learning and going deeper. Will keep my quest updated here. And once again, thanks for your views. Appreciated.

oldest trick in the business my friend. It was paid to be the best...that is the only way to market and sell things that don't work and guess what it is working on you now..hehhehe.

If it really worked as they claim. They don't need any advertising and everyone here on the forum would have bought ADGET and would be minting money.

Every product vendor does this....even investment firms pay moody's and S&P's to sell their so called 'investment products'.

All i m saying is think.

Also if you think this really works simply apply EW on nifty say in the past one month and see how many profitable trades you got.

Videos are made to sell things that don't work be it in FOREX world or STOCKS. Everyone is out there to sell their so called money making systems.

I mean how naive can you get...sorry but its the truth and this is where people lose their hard earned money.

But it's your money and i know you think somehow this magical indicator will work this time...
 

DSM

Well-Known Member
#8
Thanks Throwawayacc, Genuinely appreciate your feedback.

Q : Have you used AdGET or is your view based on hearsay?

I am not paying anything for AdGET, but am getting an opportunity to use it free, so will do so with an open mind. Lets see how the portfolio performs. If it can beat the market and if so, by how much. Also will check out if any opportunity based trades (penny stocks) :)

Keep watching this thread.

oldest trick in the business my friend. It was paid to be the best...that is the only way to market and sell things that don't work and guess what it is working on you now..hehhehe.

If it really worked as they claim. They don't need any advertising and everyone here on the forum would have bought ADGET and would be minting money.

Every product vendor does this....even investment firms pay moody's and S&P's to sell their so called 'investment products'.

All i m saying is think.

Also if you think this really works simply apply EW on nifty say in the past one month and see how many profitable trades you got.

Videos are made to sell things that don't work be it in FOREX world or STOCKS. Everyone is out there to sell their so called money making systems.

I mean how naive can you get...sorry but its the truth and this is where people lose their hard earned money.

But it's your money and i know you think somehow this magical indicator will work this time...
 
#9
Thanks Throwawayacc, Genuinely appreciate your feedback.

Q : Have you used AdGET or is your view based on hearsay?

I am not paying anything for AdGET, but am getting an opportunity to use it free, so will do so with an open mind. Lets see how the portfolio performs. If it can beat the market and if so, by how much. Also will check out if any opportunity based trades (penny stocks) :)

Keep watching this thread.
I have not used ADGET. But like ADGET i have bought and used many systems.So my recommendations are based on experience of using these money making systems , which made money only for the person selling it.

Anyways, if you get to try it for free no harm. go for it. it will be a good learning experience.
 

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