Steinitz HAS MTF **Theory & EA**

[steinitz]

Originally Posted by VSFX

Hi steinitz. You sent me the new version right? Sorry I don't read all your emails because you send so many of them and I haven't got the time to read all of them so I file them away in a folder automatically. I have not tested the EA for ages now.

Do you still recommend we use no SL for profit?

Yes I still recommend this but there is a new feature that automatically gets out of set 1 and switches to set 2 and vice a versa. New function monitors the market to see if there is a significant change and if so closes the trade in favor of getting back in on a different setup.

Each set is designed for a trending market or a ranging market

And how long on average does each trade last for?

We have another new feature to automatically close down all open trades every 30 days. This accomplishes 2 things: any particular trade in drawdown is now closed out and the robot is able to resynchronize itself with the current market in favor of entering on the most relevant setup

How often trades happen?

We are seeing approximately 200 trades per month. On my newest version that includes hedging we are seeing around 250. Each one of these trades closes in profit

What is the DD for each pair?

This is an impossible question to answer since each pair has its own ATR characteristics. Making this more complicated is the fact that each time frame entered on will also have its own ATR characteristic.


Profit loss ratio?

100% closed profits. An average month will be 200/5. Profit = 200 trades and 5 open losses

Are these results from a specific version or all versions?

The best results were seeing so far in terms of equity curve is non-hedging. The hedging version is showing 50% more closed profitable trades but more drawdown.

I hope you can answer my direct questions with open direct answers. Much appreciated.

I will restart testing the latest EA very soon. ASAP!

I guess most of the questions are answered but how many pairs tested on in total and what are best pairs for performance? You see I can produce any EA with 400 plus trades zero loss and then some day will come along and boom, account blows up in your face and you lose all profit if you left it in the account. Ideally 6000 plus trades per pair minimum to show some consistency IMO.

I'd like to see you produce similar results as my robot. Actions speak much louder then words. Considering I'm up over 9000 profitable pips its impossible for any one month to erase all these profits.

Don

[oilfxpro]

Originally Posted by 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

Have things changed?

I am looking at purchasing another EA

oilfxpro

[oilfxpro]

Originally Posted by zupcon

He forgot to add he entered the metatrader auto trading championship

Participant Steinitz - Automated Trading Championship 2007

50% of equity lost within a matter of weeks, and of course its the only true independent verification of the actual performance of this EA that you'll ever see.

Its high time Steintz provided an investor password for his clients to verify the performance of his product. He's an IB for an MT based broker, he trades both live and demo accounts, and yet ask for an investor password and you'll be refused. Ask yourself why that might be

Ask why he cant provide a statement that contains more than a months worth of trades. Its obvious, any fool can do what he's doing. Get an EA, any EA and set 20 versions of it running, at the end of the month, find the one with the best results and retrospectively publish them. Thats all this clown does.

Look at any of the statements out in the public domain provided by people who actually spent time testing. There isn't a single independent test that is successful. There's a whole bunch of blown accounts, now why is that ?

What do u mean blown accounts?Can't blow demo accounts with $1,000,000 plus

OILFXPRO

[antetalon]

Hello

I think that this system is only a big EA business!
He took a lot of time and work to posting his system in a lot of forum!

At the moment I ask me why he did it?
I think that peopel will say if it works "Hey that EA rules!"

And to you STEINITZ... when your EA will have a high performance..more than 1000pip than trade with more than 0.1lot and you can make what your dream ever want to do ... and not posting for people that did not truest in you.

But the system look good.
All of the text of Steinitz looked good.

But now I read so much and I think he will only sell the EA.
And it does not work on an EA day and night real account!

But O.K. it is a good system not bad ...manuell it can work not every time but with other indicators it is better than without any indicator.

At the moent I think that I will use the indicators manually operated.

Steinitz what did you write!
What did you think about my statement?

Nice to read you comment?

[fxtrendline]

Originally Posted by antetalon

Hello

I think that this system is only a big EA business!
He took a lot of time and work to posting his system in a lot of forum!

At the moment I ask me why he did it?
I think that peopel will say if it works "Hey that EA rules!"

And to you STEINITZ... when your EA will have a high performance..more than 1000pip than trade with more than 0.1lot and you can make what your dream ever want to do ... and not posting for people that did not truest in you.

But the system look good.
All of the text of Steinitz looked good.

But now I read so much and I think he will only sell the EA.
And it does not work on an EA day and night real account!

But O.K. it is a good system not bad ...manuell it can work not every time but with other indicators it is better than without any indicator.

At the moent I think that I will use the indicators manually operated.

Steinitz what did you write!
What did you think about my statement?

Nice to read you comment?

I think Steinitz has to do good effort from his beginning idea ....we should respect him ...about his EA we need to know from people who bought it ..and please testify here

[ele]

Hi all,
Could any buddy kindly send me updated EA for automatically trading this thread with profit?
I am so grateful for any help from you.
ele:
eleforex@163.com

[Lokator]

That' Funny!

[Lokator]

Watch this website!!!!
And also page 33 response 330

Participant Steinitz - Automated Trading Championship 2007

http://www.fxfisherman.com/forums/fo...ory-ea-33.html

[VSFX]

Originally Posted by oilfxpro

What do u mean blown accounts?Can't blow demo accounts with $1,000,000 plus

OILFXPRO

What land do you live in?

Any trader that manual trades or auto trades a bot using no Stops will lose! Wait for the day and you will be homeless....every trader that is in the top 1% elite group of the forex trades using stops and goes by a strict regime of consistent rules - they always follow the mechanical rules of their trade method and always survive.

As for you 1 million dollar account! Crap!

banks like barings bank and the bank in France traded until they had drawdown of 1 billion or more - so it happens!

Wake up to the real world. Or be a loser....

Cut your losses short before you lose it all...it is the only way to be successful. Or you become like some rogue trader. Stop making up excuses on how you can avoid it - you can't - no trading is perfect there is no Holy Grail!

Any system without stops will kill your account eventually.

Why do you think you always see short statements of only a few hundred trades?

I can produce the same crap with trades of 3000 plus with zero losses and one day comes along and blows it all away!

System sellers - sell because they do not trade. And if they do trade to show you results they still be limited compared to income they get from sales....they must be rich enough to only trade off sales money by now and become a billionaire in 3 months if they have a good system so why don't they do this!!!!

Glad to see posts like zupcon, so many other dupes here it is scary.

[ahamed]

hi there don ur system sounds really cool,i like the way u explained everything word for word and i think u r cool too.i have a question for u,i am new in this and i dont know how to use a trailing stop loss pls dont laugh or frown can u send it to my mail box at ahamedtj@yahoo.com.by the way i have been going through your site,i think its ok and i would like to buy.thanks.ahamed