Steinitz HAS MTF **Theory & EA**

[zupcon]

Three pages of testimonials.... very impressive

Now ask yourself why the hell would anyone with even the most basic trading skills want to purchase an extremely low cost expert advisor, for use on a bucket shop broker.

Well, they wouldn't would they ?

I suspect that the lure of easy money might result in purchases from hundreds of unfortunate souls who are far too stupid or lazy to put in the work to develop a profitable methodology, or the disipline to trade, or purchases by those unfortunate souls praying that this is the $50 will free them from purgatory of employment at the local burger king.

Would you really listen to the testimonial of some guy flipping burgers, or would you perhaps be more inclined to take a look at actual performance results ?

So what test results are available ?

Well a 6 month back test, undertaken in the middle of a strongly trending market, with no stop loss applied shows reasonable results. Problem was a tiny 23% retrace (described as a MARKET CRASH by Steintz) pretty much wiped those profits out

Forward tests are a bit inconclusive, most last only a few days, market conditions which are unfavorable are kind of well.... ignored

Hey but the good news is we can now watch an unbiased, uninterrupted, demonstration of the true performance of this EA. Currently its not doing so great, but its early days, and I wish him luck.

Participant Steinitz - Automated Trading Championship 2007

regards

zu

[steinitz]

FOR THE RECORD AGAIN

I did not enter this championship trading the same way I would trade a live account. If I enter a contest playing poker I will also not play the same way as I do playing a live cash games (this can be verified by anyone who plays) but you won't since you are ignorant of the differences and don't like when I bring up anything that remotely COULD be a possible parallel.

In the contest I traded the following way:

1. One currency
2. TP trigger (60 & 100 pips seen)
3. Stop loss (150 pips)


In trading a demo or live I trade the following way:

1. 10+ currencies
2. TP trigger (20 pips & B/E +5 pip lock)
3. No stop loss

There is a HUGE difference in these two set-ups but you won't know this since you admitted on ForexTSD not owning this software.

Don

[xxfunguyxx]

HI I just wanted to ask on the start of page 3 you posted some pics of how your system works...on your main screen, along with your Heiken Ashi indicator, there is another indicator...what is that...is that ATR? if so how do u get it on the main window, I can only get it as seperate indicator window...thanks

good job by the way, trending is the way to go

[steinitz]

FORWARD TRADING

October 2007 Statement

(Total net pips = 1744 / Total trades = 109)

September 2007 Statement

(Total net pips = 3003 / Total trades = 109)

August 2007 Statement

(Total net pips = 1483 / Total trades = 132)


Don

[steinitz]

Originally Posted by xxfunguyxx

HI I just wanted to ask on the start of page 3 you posted some pics of how your system works...on your main screen, along with your Heiken Ashi indicator, there is another indicator...what is that...is that ATR? if so how do u get it on the main window, I can only get it as seperate indicator window...thanks

good job by the way, trending is the way to go

The other indicator is a multiple timeframe indicator "MTF". It mirrors the HAS and lets use conveniently see multiple TF's at one glance.

Don

[xxfunguyxx]

Originally Posted by steinitz

The other indicator is a multiple timeframe indicator "MTF". It mirrors the HAS and lets use conveniently see multiple TF's at one glance.

Don

where can I get it? has it been posted? thanks

[Frank Ludvik]

Ok people, I cant stand to sit by and watch this disgraceful posting by steinitz. I cant believe this shmuck is still trying to sell this piece-of-crap EA of his. Actually he is desparate and is hoping to trap newbiy traders into paying him for his junk. Please do the research yourself and especialy go read the posts on Forex-TSD. Steinitz has no remorse and not consience about continuing to lie and try to sell his loser garbage EA. Many many many trader sbought his EA based on his hype and have lost a whole lot of money. Look at how poor his EA is doing in the contest but now he even makes up excuses about that. Please be warned. Steinitz is the biggest scammer in Fx history on the web trying to steal money from people and he just wont give up. He should be banned across the entire web. People I am not kidding you about j ust how bad this guy really is but dont pay him to prove me right.Frank

[siddeshsd]

Originally Posted by Frank Ludvik

Ok people, I cant stand to sit by and watch this disgraceful posting by steinitz. I cant believe this shmuck is still trying to sell this piece-of-crap EA of his. Actually he is desparate and is hoping to trap newbiy traders into paying him for his junk. Please do the research yourself and especialy go read the posts on Forex-TSD. Steinitz has no remorse and not consience about continuing to lie and try to sell his loser garbage EA. Many many many trader sbought his EA based on his hype and have lost a whole lot of money. Look at how poor his EA is doing in the contest but now he even makes up excuses about that. Please be warned. Steinitz is the biggest scammer in Fx history on the web trying to steal money from people and he just wont give up. He should be banned across the entire web. People I am not kidding you about j ust how bad this guy really is but dont pay him to prove me right.Frank

__________________________________________________ ____________

hI,

Can you pl.post enough statements that you have lost with this EA.

We strongly believe in the statements.

STATEMENTS PLEASE.

siddeshsd

[steinitz]

Originally Posted by siddeshsd

__________________________________________________ ____________

hI,

Can you pl.post enough statements that you have lost with this EA.

We strongly believe in the statements.

STATEMENTS PLEASE.

siddeshsd

We started building the EA in March of 2007. With each new version we started a new demo because there was bugs to be fixed and new functions to be tested.

I've kept a zip file of these statements that you can look through. The final released version with no bugs came out in August 2007.

This is why you see August, September and October. However I will attach the earlier statements as you wish.

I can tell you July was a losing month we had the market correction. I had experienced about a 60% drawdown but if you look at your charts and follow the market action since July 2007 you'll see that all the positions came back as they always do.

Now that we have a solid version 2.51 with a new version to come out within a week or two called version 2.6 my statements will be posted every single month good or bad.

Don

[massagedoc]

Don,
Ignore these guys that take bits of truth and weave elaborate lies about all you've said and done. You have been very clear in your posts and $99.00 is a bargain for this EA. The theory is solid and it takes trades the way I would if I were awake to do it. I don't intend to stay up all night trading, hence, the EA is the perfect answer. True, the drawdowns can be frightening, but with the money management and specs in your 1.set, it is very manageable spread out over a good amount of pairs.
I can't imagine you getting rich off your subscribers. Perhaps if you charged $3000 or more as some others do..... I've looked at them also and I prefer your robot. If this is a scam, I'm glad I fell for it.
By the way, I spend more than $99 taking my colleagues out to lunch. This $99 is making me money.....so I can keep having lunch.