Steinitz HAS MTF **Theory & EA**

[scorpion]

PERSEUS is permanently banned for spamming more than 30 posts.

If you who wants to advertise your product, put a link in your signature and offer helps, discuss, ask, share systems, etc. Your link will appear on every post you create. It's a very successful clean and free advertising.

[WHTenn]

It is apparent that anyone with a loser system like perseus can post on this thread. Loser sent me a PM telling me I was going to buy his system.

It is rumored that this idiot is trying to save up money so he can fund his demo account.

[droesparky7]

Now that is a good one WHTenn!!

[Dave2]

Hi steinitz, have a simple question, after stepping down from the 'Alert TF' to the 'Entry TF' if that bar is not the opposite colour do we keep stepping down until we find a bar of opposite colour? EG Daily TF for trend identification; 30m Alert TF now if the 15m is not the opposite colour I assume we would go down to the 5m for Entry providing that was the opposit colour. Is this correct?

Regards,
Dave

[steinitz]

Originally Posted by Dave2

Hi steinitz, have a simple question, after stepping down from the 'Alert TF' to the 'Entry TF' if that bar is not the opposite colour do we keep stepping down until we find a bar of opposite colour? EG Daily TF for trend identification; 30m Alert TF now if the 15m is not the opposite colour I assume we would go down to the 5m for Entry providing that was the opposit colour. Is this correct?

Regards,
Dave

I like your question. If you find that the lower TF has already started to change color it would be fine to enter. In fact on the EA I have it so the choice is ours to wait for a new sequence or get in right away.

Manually, it would be fine to get in anytime. The key is that you don't want the alert TF changing color yet. In fact the EA checks two final steps before entering:

When alert -1 TF changes color to match the main trend color it makes a final check

1. Alert TF must be opposite color (closed bar) of alert -1 TF. and

2. Highest TF must still be original color (closed bar) corrsponding with alert -1 TF.

Example:

Monthly = Blue (long)

Alert TF = Red (short)

Alert -1 TF = Blue (long)

Don

[Dave2]

One more question Don, how do we know that the trend is not at its peak or about to reverse when we do enter.

Thanks,
Dave

[sehs4u]

Don

What about if the robot found the longest time frame is blue and enter when the entry time frame change from red to blue, then the trend changed to red again and go down until the longest time frame become red? I think this will create a lot of DD and by it self is very risky.

Thanks

[steinitz]

Originally Posted by steinitz

Here attached are my forward trading results that I started to keep track of by the week. I have plenty more forward trading statements that you can look at which are available upon request.

Don

[steinitz]

Originally Posted by Dave2

One more question Don, how do we know that the trend is not at its peak or about to reverse when we do enter.

Thanks,
Dave

That my friend is the 1 million dollar question. Actually you don't know this nor does anybody. The reason this works is we take so many closed profits to the one time that we are getting in at the top or bottom.

If we have that bad trade we can decide we had enough when the highest TF has changed color. If you take that loss (which I haven't seen yet in two years) you have made much more from the profits.

Besides you have 12 currencies going at once and you are not going to have to deal with one currency and this event which will smooth out your results.

Don

[steinitz]

Originally Posted by sehs4u

Don

What about if the robot found the longest time frame is blue and enter when the entry time frame change from red to blue, then the trend changed to red again and go down until the longest time frame become red? I think this will create a lot of DD and by it self is very risky.

Thanks

Yes if that would happen you would be right. But in reality that does not necessarily happen. When you start at the highest TF for example the monthly and work down until you find the first counter trend say the 4Hr it is not likely and very improbable that the 4Hr would go straight down taking with it the daily and weekly and finally the monthly.

Your more likely to get struck by lightning.

Don