Happy days, buddy !

1) English Grammar.
The first letter in any sentence is always UPPER Case
The first person personal pronoun “I” is ALWAYS Upper Case.

2) Steinitz MTF HAS EA

I have owned and read MANY comments about this EA which Steinitz DID NOT WRITE HIMSELF. It was written by Mr.Pip or someone else. I bought and tried this EA on demo (thank God). It is really a disaster!!!.

I have been programming my own EAs for several years and I know the characteristics of a profitable EA. If there are huge stops or NO stops any EA will display a nice graph on backtest; perfect for suckers. That’s what Steinitz’s EA does. Lord help you if you ever hit a stop, it will blow your account, live or demo it does not matter. Don Steinitz is not a trader, he is a GAMBLER and entered the Forex scene to make easy money off suckers. And ther are many of them on the web. He called me once to ask me whether an indi REPAINTED or not. He is not conversant with MT4 and indicators in general.

Steinitz’s algorithm is basically flawed. There is only one valid time frame: the minute TF. ALL other TFs are a mathematical calculation using the one min TF. That is why Bollinger’s Bands and other indi’s look the same on any TF. Using one TF to make a decision about another is like having 3 unknowns but one equation. You cannot solve for 3 unknowns with one equation its impossible. You MUST have 3 INDEPENDENT EQUATIONS.

Our most important unknowns are PRICE AND TIME, the other is VOLUME but we are not usually concerned with volume. So to solve the basic unknowns of price & time we need 2 independent equations of which TF is ONLY ONE!!! The other could be any other indi NOT INVOLVING TF e.g volume or maybe there is some other way but it cannot be “another” TF. Any EA based on TFs only must fail, and Steinitzs’ EA does just that.

I paid $50 for the bunch of garbage and NEVER got a refund. He does NOT give refunds, he’s a gambler and considers everyones good nature as more money in the bank for him.

Consider this, if you have an EA that was “no loss” as he claims, would you sell it? Why not trade with it and become scandalously RICH. No: he peddles this garbage with about 2000 external Params that no one in 1000 lifetimes can optimize to get it “right”… So this is a scam from day one and Steinitz should be ASHAMED of himself for inflicting such MISERY on unsuspecting users in Forex.

He entered his EA in the WW Competition in 2007 and LOST a bundle (2000) in CAPITAL. Need I say more?

DO NOT BUY NAD DO NOT WASTE YOUR TIME TESTING THIS GARBAGE.

Snobol1

On the site you can even log in and watch the robot conduct trades. Really impresssive.

Pls send test results/reviews, names, links a.s.a.p.!

Rgds. from Germany

Thommy

I am looking for some good tips to learn forex trading. Please give me some idea. I found one site good please look at this also.

Thanks.