Steinitz HAS MTF **Theory & EA**

[steinitz]

We are going to be unleashing a new version of this robot either this weekend or early next week that includes the infamous hedge strategy that has shown to be very profitable during these times of market turmoil.

I am really excited to see come into fruition as we've been talking about this strategy for months now.

Stay tuned

Don

[sempoi]

Originally Posted by steinitz

We are going to be unleashing a new version of this robot either this weekend or early next week that includes the infamous hedge strategy that has shown to be very profitable during these times of market turmoil.

I am really excited to see come into fruition as we've been talking about this strategy for months now.

Stay tuned

Don

Looking forward on it!!! Good Job Don

[steinitz]

Just got off the phone with Robert "Mr. Pip" after a lengthy conversation regarding the final touches to the release of version 2.4. The majority of our conversation was focused on back testing the EA. We tried testing the same data on the same currency turning on and off various functions.

It was extremely interesting to see the results for a given period. The biggest impact to the overal performance was just by adding a stop loss and changing the take profit to exit on color change. Without going into great detail with every test we made today let me summarize the best I can based on what I experienced.

I am very happy to report that the stoploss did not cause much, if any, loss in profit as a matter of fact there was an instance when the stop loss produced more profit. Now think about how that could be? Well, the explanation is because we are taking some trades beyond the previous default take profit, thereby avoiding some areas that would have caused drawdown. In other words it's a timing issue now that we are staying in trades longer or simply exiting trades with a stop loss and getting back into other trades that may or may not be profitable.

The EA on the four majors produced a profit from March through current even through the market correction. There was more losses seen during the end of July through the middle of August but all in all it produced profits with any combination of settings. The settings we used was stoploss, default take profit, exit on alert color change and money management.

Now for a really interesting and very important test we set the maximum time frame on the daily and wanted to purposely go through a change in direction off the maximum time frame to see what would happen. Remember we have not seen this using the monthly TF as of yet. We did see volatility occur as the daily timeframe changed from long to short which caused losses but within this change were a couple of wins based on volatility and whipsaw action flirting with the daily color change.

We also saw some very large one trade profits in the 100+ Pip range that we never saw before since we use the default pip feature. So here's the bottom line. On the four majors we had a net profit individually from March through current using a stop loss and exit on alert timeframe color change. In some cases a stop loss actually made more money but this was rare. The stoploss absolutely helped with drawdown obviously. We never changed the stoploss from 75 pips.

We are also making a nice change to one of the final trade confirmation features that will now look at the maximum time frame down to the alert timeframe for final confirmation whereas before it just looked at the highest timeframe.

I am really getting excited again and as you can tell I have my serious face on since I have seen for myself the EA not only make money through good and bad times and end up with a positive result, but gave it the ultimate torture test to have the highest timeframe change color and see if we could still come out with a profit which we did.

This EA will be released at the end of the week and tested one last time for any bugs. Once this testing phase of this next release is over with so will be the limited offer.

Thanks for your patience and your continued support!

Don

[seymour77]

Originally Posted by steinitz

We are going to be unleashing a new version of this robot either this weekend or early next week that includes the infamous hedge strategy that has shown to be very profitable during these times of market turmoil.

I am really excited to see come into fruition as we've been talking about this strategy for months now.

Stay tuned

Don

I signed up today at forexrobottrader.com. I've been testing and experimenting with the manual system. Now I'm looking forward to working with this EA, as well as the announced upgrade.

[Dave2]

Don, will those that have already purchased your original EA get the new modified one for free?

[steinitz]

Yes absolutely 100%.....

Don

[steinitz]

Dear members:

I had dinner with my stepson Dennis Schultz tonight and he said he wanted to bring over his laptop to show me what has been going on with 4.set since I gave him the program on July 25, 2007. He began trading the 4.set immediately to see what would happen. Dennis God love um' couldn't be any less informed on Forex or Metatrader for that matter. I called him several times and when asked how it was going he replied "I don't really know since I believe the computer is turned off". I told him to keep the computer on at all times. He chuckled and said ok dude.

Attaching here are two separate statements showing only 4.set trades. The reason I'm breaking up the statements into two parts is because the testing included the 1.set. Notice how many winning trades there are and the duration of time that the trades stayed in.

The last four open trades represent 1.set trades except the last one which is 4.set. So to summarize if you combine both statements together that represent only 4.set trades the total pips taken are the following:

1. July 25th through August 8th 2007 = 442 pips

2. August 13th 2007 through August 16th 2007 = 744 pips

So the total of July 25 through August 16 a whopping 1186 pips! That breaks down to 74 pips a day through a market turmoil. Keep in mind that this 4.set is based on the one hour I timeframe with the upper time frame confirmation of daily.

This can be replicated in the new program release this weekend and more. I just thought I would give you a sample of the power of the robot software.

Don

[salsa fx]

hi to all the good trader and people here. I saw the posts here by steinitz on this ea and I want to set some record straight about the ea before the good peoples throw there money away. I paid the 50 to partecepate in the ea developing over at forex-tsd.com I think mr. steinitz is not being honest here at these forum and telling alll the truths about everything. as you can see if you go to forex-tsd there are many thread posts on the ea and many many unhappy people. steinitz even laugh sometimes at them. this ea has destroyed the hopes dreams and acounts of many traders in the last month. I also lost all of my money because drawdown keeps going and going and take me to a margin call. I lost my life savings but mr. steinitz says in hype that the ea never loses so I trusted him. just the other day now he says a new version finally fixes everythig but he posted doctored up cut and paste results and lied even again to everyone. this steinitz is the worst scam guy I have ever seen in Fx and I just like to tell all of you to be very very very careful and watch out for this ea because it will destroy all ur money and leave you broke. go see all of the sad story over on forex-tsd.com and you will know what I speak about.

salsa

[steinitz]

It's obvious this is an impostor. This person has only one post and I'm being followed by a couple of traders that keep on changing there names. These guys have a personal vendetta and will continue to change that their names and post inflammatory remarks.

The truth of the matter is these results do reflect starting on July 25 through August 16 and I clearly mentioned in my post that I took out all trades that were based on a different set file.

I wanted to show what 4.set which looks at only the one hour timeframe down to the five minute TF produced for my son Dennis. I purposely took out 6 losing trades that were from the original 1.set.

I was very clear about what I did before I posted the attachments. 4.set did produce approximately 86 winning trades in 16 days. There's no hocus-pocus, Photoshop, or any attempt to mislead anybody.

This impostors posting is an obvious fraud since he said he lost his life savings. What a joke. We are coming out with version 2.4 that does use a stop loss if you choose one.

The reason we decided to use a stop loss was twofold. Most traders are conditioned to use a stop loss and we don't want to continue to try to reeducate those traders. The other reason is we are able to capture much greater profits with our new feature that allows the profitable trade to remain in the trade longer.

If anyone has any questions please feel free to contact me.

Don

P.S. This basher, flamer imposter's name on ForexTSD is "SummitFX"

P.S.S. What's really interesting is this guy is following me around and actually brings more interest to my EA and method from all the "controversy".

[salsa fx]

Originally Posted by steinitz

It's obvious this is an impostor. This person has only one post and I'm being followed by a couple of traders that keep on changing there names. These guys have a personal vendetta and will continue to change that their names and post inflammatory remarks.

The truth of the matter is these results do reflect starting on July 25 through August 16 and I clearly mentioned in my post that I took out all trades that were based on a different set file.

I wanted to show what 4.set which looks at only the one hour timeframe down to the five minute TF produced for my son Dennis. I purposely took out 6 losing trades that were from the original 1.set.

I was very clear about what I did before I posted the attachments. 4.set did produce approximately 86 winning trades in 16 days. There's no hocus-pocus, Photoshop, or any attempt to mislead anybody.

This impostors posting is an obvious fraud since he said he lost his life savings. What a joke. We are coming out with version 2.4 that does use a stop loss if you choose one.

The reason we decided to use a stop loss was twofold. Most traders are conditioned to use a stop loss and we don't want to continue to try to reeducate those traders. The other reason is we are able to capture much greater profits with our new feature that allows the profitable trade to remain in the trade longer.

If anyone has any questions please feel free to contact me.

Don

P.S. This basher, flamer imposter's name on ForexTSD is "SummitFX"

P.S.S. What's really interesting is this guy is following me around and actually brings more interest to my EA and method from all the "controversy".

I am not a imposter or this summitfx. you know who I am but you never listened to my adivses or advises of anybody. people can go to forex-tsd and see for themself. or just do a google on steinitz and see all the bad reports. go ask my friend minelli what happen to all his accounts blown by steintz ea. you are a joke and everybody laughs about you now. all you ever wanted was our 50 dollars. you and a really bad coder named mrpip or robert hill. and, you are just here at fisherman to sell some more of your crap scam ea's to these guys but I want them to know the truth since you are pathlogicaly a liar and hype guy who wants to be on magazines. God knows what you did and you nned to go to the church and pray about this. all of the sad dreams and lost money because of you steinitz the great liar.