Steinitz HAS MTF **Theory & EA**

[steinitz]

It's impossible to satisfy everybody since many people will never believe anything that shown to them. I don't feel like going into all the details but I can assure you everything I'm doing from day one has been straightforward which is evident by the hundreds of people that trust me.

Only a handful of people that don't say nice things and never will say anything nice to anybody and you can look back at their posting history to see what kind of person they didare.

Having said that I am attaching two very important attachments that came from Mr. Pip a programmer that was/is hired to work on this program months ago. You will notice a back test using stop losses and our new feature of taking extended profits.

You will notice that it did make money even through the worst of times. Also take a look at the debug function as part of the program that was a specially designed to look at the best and worst case scenario trade by trade for each closed out trade.

In essence this report will show you the best profit there was before the position was closed and the worst drawdown. Study this carefully as it is a wealth of information at your fingertips. This EA to be honest is not used at its fullest capacity just like most humans don't use most of their brains.

Have a great weekend!

Don

[zupcon]

Originally Posted by steinitz

It's impossible to satisfy everybody since many people will never believe anything that shown to them. I don't feel like going into all the details but I can assure you everything I'm doing from day one has been straightforward which is evident by the hundreds of people that trust me.

Only a handful of people that don't say nice things and never will say anything nice to anybody and you can look back at their posting history to see what kind of person they didare.

Having said that I am attaching two very important attachments that came from Mr. Pip a programmer that was/is hired to work on this program months ago. You will notice a back test using stop losses and our new feature of taking extended profits.

You will notice that it did make money even through the worst of times. Also take a look at the debug function as part of the program that was a specially designed to look at the best and worst case scenario trade by trade for each closed out trade.

In essence this report will show you the best profit there was before the position was closed and the worst drawdown. Study this carefully as it is a wealth of information at your fingertips. This EA to be honest is not used at its fullest capacity just like most humans don't use most of their brains.

Have a great weekend!

Don

Yes, the stupidity / fraud continues !

just check the backtest, and what do you find ? surprise suprise all LONG trades. Now ask Don, why wont he run a backtest over a period in which the upper timeframe changes trend ?

You'll get excuse after excuse, he's no data, he's not got the time, he dosnt know how to, yada yada yada. The same response applies to any question that you'd care to ask him.

So still no proof that he's ever traded the EA live, still no proof the EA is profitable (remember boys and girls, those statements he posts are edited to remove the losing trades !), and still no backtests !, still being promoted as the EA that NEVER loses !

[steinitz]

Originally Posted by zupcon

Yes, the stupidity / fraud continues !

just check the backtest, and what do you find ? surprise suprise all LONG trades. Now ask Don, why wont he run a back test over a period in which the upper timeframe changes trend ?

You'll get excuse after excuse, he's no data, he's not got the time, he doesn't know how to, yada yada yada. The same response applies to any question that you'd care to ask him.

So still no proof that he's ever traded the EA live, still no proof the EA is profitable (remember boys and girls, those statements he posts are edited to remove the losing trades !), and still no back tests !, still being promoted as the EA that NEVER loses !

This is a perfect example of the maliciousness that is riddled in all the forums. I have already explained in detail that I was deleting all 1.set results from my son Dennis to show the 4.set file ONLY.

I said clearly that the 1.set file has losses and I made that clear. I didn't have to even mention ANY OF THIS but I have been truthful since day one.

Here is a guy that takes not only out of context statements but outright is lying on here. Furthermore, I even discussed the backtest that Robert Mr Pip the programmer performed to see what would happen if we put the backtest though a MAX TF color change. The ultimate torture test.

I already explained in writing and you can confirm this by contacting Robert that the EA had some expected losses during that time but quickly recovered and made some wins during that turning point as well.

Robert has a reputation on many forms to stay out of mud slinging and only report it as he sees it. He told Me from the beginning if he thought I was a fraud or scammer he would not be involved with me. In fact he was looking at me very close from the beginning to see if I was on the level.

Robert just might be the best programmer on the forums with his upper 150 IQ. Lastly, I sent an email to anyone who didn't wish to receive any further revisions on my EA and not one person stepped forward to say "take me off". This includes Mr. Zupcon. Now if he is not a member then it's worse as he knows nothing about my program. Either way he is an embarrassment to himself!

Don

[zupcon]

a) You posted a statement in which losing trades had been edited out. Your explanation as to why this was the case came only after those inconsistancies had been spotted.

b) You have yet to show any long term back or forward tests of your EA.

c) You have yet to prove that your risking your own funds on a live account

d) Neither you, nor Mr Pip has published backtests that show how the EA behaves when subject to the "ultimate torture test". If such tests have been undertaken, then publish them.

e) What do you know about programmers, that gives you the right to make an assessment of Mr Pips suitability ?. This EA is a few hundred lines of fairly simplistic code, its micky mouse mouse stuff. It also seams to have its fair share of bugs.

f) Your method is public domain, I am therefore well aware of its limitations. I have no need to purchase your sub standard implimentation of an extremely simplistic, ill thought through strategy.

best wishes
zu

[steinitz]

I just started my demo this morning on v2.4 and wanted to attach my statement. I changed my settings to the following:

1. High timeframe = 1 hour

2. Low timeframe = 5 minutes

3. Upper time frame confirmation = daily

4. Exit on alert timeframe closed candle

5. Exit trigger = 5 pips

6. Stop loss =s upper time frame unclosed candle

I'm trading 12 currencies. My trigger of 5 pips is a bit too sensitive as it will cause the profits to be closed before the alert timeframe has a chance to establish itself.

66 net pips profit today

16 wins
2 losses
1 float at loss

Don

[bossxero]

I think you should keep posting these trading results Steinitz. Will clear some minds here.

[sehs4u]

Don,

What do you mean by "Stop loss =s upper time frame unclosed candle" i can not find this set in the EA.

Thanks

Originally Posted by steinitz

I just started my demo this morning on v2.4 and wanted to attach my statement. I changed my settings to the following:

1. High timeframe = 1 hour

2. Low timeframe = 5 minutes

3. Upper time frame confirmation = daily

4. Exit on alert timeframe closed candle

5. Exit trigger = 5 pips

6. Stop loss =s upper time frame unclosed candle

I'm trading 12 currencies. My trigger of 5 pips is a bit too sensitive as it will cause the profits to be closed before the alert timeframe has a chance to establish itself.

66 net pips profit today

16 wins
2 losses
1 float at loss

Don

[zupcon]

Originally Posted by bossxero

I think you should keep posting these trading results Steinitz. Will clear some minds here.

I agree, he should continue to post results, but on the following terms

1) He should start a demo account, and trade that account until a logical conclusion has been reached. Re starting the demo every few days is simply ridiculous. Any fool can start a bunch of demos each day, and find something that seams to work and publish the findings in retrospect. Any trading forum worth its salt simply wouldnt allow such practice to occur.

2) He should publish statements showing all open and closed trades, this allows his results to be independantly verified. At the moment you have no idea as to the number of open positions that he's holding. Furthermore, Steintz has a history of modifying his statements to exclude losing trades.

3) At the very least he should provide a similar level of transparancy as others who are testing the EA a good example being:

Metatrader Forex Expert Advisor Statement HAS MTF EA

For anyone who cant be bothered looking at the link, currently the EA has a 50% win rate, the average size of a winning trade is approximately $230, and the average size of a losing trade is $1430, so currently a negative expectancy proposition. There's also a couple of other statements on that site that show blown accounts from tests of previous versions

It's simply too soon to draw any type of conclusion, but at least in this case, you get to actual performance.

I can practically guarentee that Steintz wont post results that can be tracked and independantly audited, and of course, anyone with two brain cells to rub together knows the reasons why.

regards
zu

[bossxero]

I agree with you on these facts Zupcon and I hope that Steinitz will take ur post into account while posting the future statements.

[dam38000]

hello everybody from france
I am taking a look on your discussion...