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Hi Folks
Here is my evaluation and conclusion.This is my final word on Steinitz .
The conclusion on the Steinitz E A
Every indicator is a lagging signal. and if you have multitime frames you have multi indicators and u have multilagging, therefore all the signals are way lagging after the event.
Every indicator included in any trading system will reduce the number of entries for trading.The more indicators you add ,the lesser the profitability of a system.The more filters you have the fewer the trades .
The Steinitz MTF is made up of many indicators , each of which will reduce the overall profitability of the Steinitz method.Even if it was possible to backtest the Steinitz system,it is unlikely to ever be hugely profitable.That is the reality
There is no way this system will ever beat mediocre trading systems ,let alone be profitable
El Cid
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