Steinitz HAS MTF **Theory & EA**

[zupcon]

Originally Posted by ProfTrader

If you have not purchased the system, stop crying like a child. There are medications for your depression. I bet your fun at parties too.

Ignore the whinners who have not purchased the system.

Maybe one day you'll get an invite to one of my parties and you'll get to find out if I'm fun or not :-)

I must admit, that at times I have almost been in tears laughing at Don's complete ignorance, sorry if thats child like, but it is hard not to laugh.

Now perhaps you could answer the following:

a) Why wont Don risk his money on this EA and trade a live account, just a teeny tiny little account, that would eliminate his alleged expiring demo problem.

b) Why wont Mr Pip, the guy who programmed this joke of an EA risk his money and trade it ?

c) Why wont any of Don's shrills trade a live account with this EA

d) Why do Don and his shrills constantly edit statements to remove losing trades.

e) Why wont Don submit his EA for independent testing ?

Simple enough questions to answer I would have thought, so perhaps we can have your views.

[steinitz]

Originally Posted by zupcon

Maybe one day you'll get an invite to one of my parties and you'll get to find out if I'm fun or not :-)

I must admit, that at times I have almost been in tears laughing at Don's complete ignorance, sorry if thats child like, but it is hard not to laugh.

Now perhaps you could answer the following:

a) Why wont Don risk his money on this EA and trade a live account, just a teeny tiny little account, that would eliminate his alleged expiring demo problem.

b) Why wont Mr Pip, the guy who programmed this joke of an EA risk his money and trade it ?

c) Why wont any of Don's shrills trade a live account with this EA

d) Why do Don and his shrills constantly edit statements to remove losing trades.

e) Why wont Don submit his EA for independent testing ?

Simple enough questions to answer I would have thought, so perhaps we can have your views.

Zupcon.....

He told me he would follow me around and make my life misearble because I kicked him off my ForexTSD thread for spreading lies and pure nonsense.

There are individuals that have nothing better to do but slam everybodies systems. When you have 95% losers out there you are bound to run up against those who are sour and need to lay crap grenades on everybody to feel better.

Misery loves company they say. Ignore his lies and propaganda and stay the course. Lastly, I recommend ZupCON take his meds like a good boy and get a full liver panel test to see what long term effects his anti depression medicine is doing to his liver.

Don

[zupcon]

Originally Posted by steinitz

Zupcon.....

He told me he would follow me around and make my life misearble because I kicked him off my ForexTSD thread for spreading lies and pure nonsense.

There are individuals that have nothing better to do but slam everybodies systems. When you have 95% losers out there you are bound to run up against those who are sour and need to lay crap grenades on everybody to feel better.

Misery loves company they say. Ignore his lies and propaganda and stay the course. Lastly, I recommend ZupCON take his meds like a good boy and get a full liver panel test to see what long term effects his anti depression medicine is doing to his liver.

Don

Lets address a few issues regarding lies and propaganda shall we

a) Do you, or do you not trade a live account ? Given your reluctance to post a statement from a live account we'll assume not, until such time you can prove otherwise.

b) Do you or do you not edit statements to remove losing trades ?, well since you've already admitted that you do, that particular question has been answered, now perhaps you'd care to answer WHY you feel its acceptable to remove losing trades from statements

c) Have you or have you not undertaken statistically valid back test of your EA ? Again I'll assume not, because if you had, you'd publish it

d) Does Mr Pip Trade your system ? Well Mr Pip has stated in writing at TSD that he doesn't. Now why would someone who'd spent hundreds of hours coding and testing this joke of an idea not trade it, even on a small account, why wont Mr Pip risk his funds on this EA. The answer (in case your too dumb to realize it) is because it dose not work

e) 95% probably do fail, but Don isn't even one of the 95% who tried and failed, he doesn't even trade, he never started the journey.

Before you give don your $50, ask to see performance on a live account. This bozo cant even show a demo that lasts for more than a few days, and even then there's a good chance the statements been edited LOL. Before you give Don your $50 take a look at the multitude of blown accounts over at TSD or one of the accounts thats been running for more than a few days.

I sympathize with Don, life must be pretty tough when your reduced to begging for chump change on the forums, but remember guys, there are more deserving charities out there you could donate your money too and feel good about giving. Also ask yourself why he'll now only accept payment from processors who wont give a refund

[bossxero]

Originally Posted by zupcon

Lets address a few issues regarding lies and propaganda shall we

a) Do you, or do you not trade a live account ? Given your reluctance to post a statement from a live account we'll assume not, until such time you can prove otherwise.

b) Do you or do you not edit statements to remove losing trades ?, well since you've already admitted that you do, that particular question has been answered, now perhaps you'd care to answer WHY you feel its acceptable to remove losing trades from statements

c) Have you or have you not undertaken statistically valid back test of your EA ? Again I'll assume not, because if you had, you'd publish it

d) Does Mr Pip Trade your system ? Well Mr Pip has stated in writing at TSD that he doesn't. Now why would someone who'd spent hundreds of hours coding and testing this joke of an idea not trade it, even on a small account, why wont Mr Pip risk his funds on this EA. The answer (in case your too dumb to realize it) is because it dose not work

e) 95% probably do fail, but Don isn't even one of the 95% who tried and failed, he doesn't even trade, he never started the journey.

Before you give don your $50, ask to see performance on a live account. This bozo cant even show a demo that lasts for more than a few days, and even then there's a good chance the statements been edited LOL. Before you give Don your $50 take a look at the multitude of blown accounts over at TSD or one of the accounts thats been running for more than a few days.

I sympathize with Don, life must be pretty tough when your reduced to begging for chump change on the forums, but remember guys, there are more deserving charities out there you could donate your money too and feel good about giving. Also ask yourself why he'll now only accept payment from processors who wont give a refund

Whats this flame war going on here..

Lets fix this now.. Don, please give the answers to Zup's questions and everything will be settled. Its as easy as that. Everyone will feel satisfied.. let's behave like we should... grown ups.

[steinitz]

ZupCON is banned from my thread for malicious rumors and misconceptions. It wouldn't matter if he stood by me to see me trade live as he would claim I am up to something when he left the room to get some water.

One way to find out how my program works is to ask others how they are doing. Obviously, no matter what I do will not be good enough. This scum bag got his feelings hurt and told me privately he will continue to follow me around spreading lies to get back at me.

I don't really mind since there is an old adage that if people aren't talking about you, then you really haven't made it.

Don

[zupcon]

Originally Posted by steinitz

ZupCON is banned from my thread for malicious rumors and misconceptions. It wouldn't matter if he stood by me to see me trade live as he would claim I am up to something when he left the room to get some water.

One way to find out how my program works is to ask others how they are doing. Obviously, no matter what I do will not be good enough. This scum bag got his feelings hurt and told me privately he will continue to follow me around spreading lies to get back at me.

I don't really mind since there is an old adage that if people aren't talking about you, then you really haven't made it.

Don

Lets get a few things straight.

No one is "banned" from his thread. Anyone who thinks this is the case should perhaps contact NewDigital the administrator of Forex TSD to confirm this. He'll tell you exactly what he thinks of Don and his EA, and its not particularly complimentary.

Now Don seams to think that I don't believe the claims he makes about the EA, and to some extent he's correct. The reason that I don't believe him are twofold. Firstly, he has yet to provide credible evidence to back up his claims. By that I mean an unedited statement that shows the performance of this EA over a significant period of time. His back tests are hand picked only to cover only those time periods where the EA performs OK. Periods where the EA performs poorly are simply not considered. If you don't believe me look for yourselves :-)

Forward tests on the EA last for at most a few days, before demo accounts are blown, and he restarts a new account !. If you don't believe me ?, well take a look at TSD, or forex factory (where he was banned, and the administrator accuses him of running a SCAM) Steintz has opened countless demo's time after time.

Then of course if the EA is so great, why doesn't he, or Mr Pip, or his many shrills trade it live ?, well that speaks volumes to me.

Now the second reason I disbelieve him, is because he isn't testing the EA in isolation. At one point there where several hundred "traders" posting results, and frankly, they where all over the place, a random mismatch of results, some doing OK and some blowing accounts all using the same set files, similar leverage etc. If you look at anyone who's tested the EA for more than a few days the end result is generally a margin call. There are some users who are genuinely trying to make this a better EA, and their test results are in the public domain. So do yourself a favor and check them out.

I agree 100% with Steintz that anyone considering the EA should check with others, but before they do, ensure that the person telling you its the best thing since sliced bread isn't one of his shrills. These scum where quite actively soliciting for business by PM at one point.

As for following him about and spreading lies, if I where to do that than I assure you he'd know about it :-).

I am amused at Dons interpretation of "making it", begging for chump change on the public forum's.

Now of course, the more astute reader will notice that Don can never back up arguments with facts. So still no proof of live account, still no credible back tests, programmer still not trading with this EA, shrills still not trading this EA, still selectively publishing demo's that are doing OK, and ignoring the rest, still editing statements, still begging for chump change.

Ask him why he wont take pay pal as a payment option

And watch now how he'll fail to address a single question, then ask yourself why... obvious is it not

This post at forex factory pretty much sums up Don Steintz

Forex Factory - View Single Post - Heiken_Ashi_Smoothed **Start Here**

I particularly like the line "good luck with your swindle sir" :-)

[steinitz]

Originally Posted by zupcon

Lets get a few things straight.

No one is "banned" from his thread. Anyone who thinks this is the case should perhaps contact NewDigital the administrator of Forex TSD to confirm this.

Try me. As a moderator I will have liers, flamers, flooders removed.


Forward tests on the EA last for at most a few days, before demo accounts are blown, and he restarts a new account opened countless demo's time after time.

Email me or go to my site to see another lie he stated. I have statements from March through current from others and myself. Accounts suffered drawdown during the recent market crash/correction.

We have since added a new feature to stay in winning positions longer (yielding 100++ pips profits instead of TP at typical 25 pips target) and learned not to trade 20% of our account. We are using 10% with great results.

As a side note if anyone stayed in the positions since the market corrected you would have recovered quite nicely and even made profits on most pairs. This would have been from approximately 7/15 through current.

Then of course if the EA is so great, why doesn't he, or Mr Pip, or his many shrills trade it live?, well that speaks volumes to me.

I don't know what Mr Pip does but I trade my program.


I agree 100% with Steintz that anyone considering the EA should check with others, but before they do, ensure that the person telling you its the best thing since sliced bread isn't one of his shrills.

WOW he agrees! clap clap


These scum where quite actively soliciting for business by PM at one point.

Never used a PM to solicit business. It was discussed openly on my thread. Why would I PM members? See for yourself: **Steinitz Method ** HAS MTF EA - Forex Trading

This guy is on crack!


As for following him about and spreading lies, if I where to do that than I assure you he'd know about it :-).

Lier


Ask him why he wont take pay pal as a payment option

Just another lie about me not taking Paypal. In fact I use Paypal for 98% of my transactions with some of the best seller reputation statistics they have seen!

This is my last response to this nut job!

Don

[zupcon]

Still no actual facts or data to back up his claims.

Lets look at a few issues his latest illiterate rant threw up. Once again he's claiming to be a moderator at Forex TSD. On the 24th September 2007 (2 days ago) the administrator of forex tsd publicly stated that "Steinitz is not moderator and never had been a moderator"

For those who might be inclined to believe Don's version of events you might wish to wish to verify that he's once again being economical with the truth. Verify it for themselves at the following link:

Section moderated - Page 4 - Forex Trading

As for statements for march onwards, they may well have statements for a few days here and there in march, and again in April, and may etc. What he does not have is a single contiguous statement from march to the present day

But he must have I hear you all cry, he's trading this puppy and making a fortune. I afraid this is not the case, he doesn't trade a live account, if he did, he'd be able to post a contiguous statement from march, not 101 different demo's each lasting a few days.

Again he dodges the question that neither he, Mr Pip, or his shrills trade the program. If he traded the EA, he could provide a statement, but of course he cant

Mr Pip has washed his hands of the EA, he trades an entirely different method !

As for soliciting by PM, just nip across to Forex Factory to see WHTenn in operation pimping this ridiculous product, and read comments from people who where approached in this way. Anyone whose in need of some light entertainment or amusement should also take a look at the threads where WHTenn his shrill is exposed as trading nano lots after repeatedly claiming to be a 100 lot plus trader.

Thankfully, Mr Steintz wont be responding to my post, and as long as he posts no further nonsense I'm prepared to let it go at that. As for the pay pal issue, I'll leave that for another day

[Frank Ludvik]

Originally Posted by steinitz

ZupCON is banned from my thread for malicious rumors and misconceptions. It wouldn't matter if he stood by me to see me trade live as he would claim I am up to something when he left the room to get some water.

One way to find out how my program works is to ask others how they are doing. Obviously, no matter what I do will not be good enough. This scum bag got his feelings hurt and told me privately he will continue to follow me around spreading lies to get back at me.

I don't really mind since there is an old adage that if people aren't talking about you, then you really haven't made it.

Don

I dont get your reasoning.People talked about Nixon. People talked about Hitler. People talked about Noriega. People talked about Khadaffy. People talk about Osam Bin Laden. People talk about Ivan The Terrible. I guess they made it huh?

[steinitz]

This was to be my last post but since I already put some time into this rebuttal on another forum I decided to paste this here.

I want to go on record to defend my self against ZupCON who has his own agenda to try to make my life as miserable as possible. He got his feelings hurt when I asked to have his attacking, flooding posts removed. I make it very clear that I have no issues with any positive or negative postings as long as their constructive and not attacking with ulterior motives.

My program/method/EA will not loose as long as the trader follows instructions. It's been shown on many backtests that it does not loose. It will often times hold a position for an extended length of time but will eventually close out in profit. And no you can't throw a dart at the market and replicate the same results.

I explain this to anyone who does not use a conventional stop loss how this works and what to expect in the long run.

In terms of a trader blowing an account. If the trader has too much risk and/or too much leverage you can blow an account before you gave yourself the opportunity to hold the positions until profit. We did not know at the time before the market crash/correction that all currencies at the same time would be in draw down. We advocated a 20% total risk but we have since made changes that have a positive impact on lessening the probability a perfect storm in the markets would cause a margin call in the future.

1. We have adopted a 10% total risk allocated across 8 to 12 currencies (being careful with GBP/USD & GBP/JPY)

2. We have a new function that exits a positive trade ONLY when the alert TF changes color thereby allowing us to stay in the profitable trade longer which translates into more profit then the earlier method of a pre-determined TP target.

So in summary with some simple changes which include optimum capitalization in ones account and leaving any open positions alone until the counter trends start moving in the desired direction you can replicate what you see in the back test. Use your back tester to see and confirm what I am saying here.

Now for the classic taking ones statements out of context, ZipCON gets an A+ for this. I explained to everyone publically on my thread that I am posting my sons demo account with a custom set file (#4) that was set for a 1 hour high TF down to the 5 minute Tf.

This was experimented during the middle of July through the market correction to see if we could grab 12 pips as a TP target and close. Well Dennis gave me his statements that showed a huge number of winning trades at 12 pips each at somewhere around 80+ trades in a row. No losses. I pointed out that the statements had the earlier 1.set type trades mixed in and I would edit all trades out except for set #4 that was set up for 12 pips.

I made this very clear that I edited the statement to show ONLY SET #4 trades ONLY. I even went on record saying that we were encountering deep draw down during the market correction/crash with set #1 and they were not shown to focus on set #4 ONLY.

This is a great example of why people like to start rumors and totally distort the truth often taken statements OUT OF CONTEXT.

I am responding here only once and to set this straight in the hopes of riding the bad apples and to expose how certain mis guided individuals make a great forum like TSD into a place of wasted posts encouraging name calling and pure nonsense with distractions that hurt the traders that want to learn something.

Don