Yes, everybody is responsible for their own losses, nobody to blame but ourselves.
However, we are all responsible to uncover scam artists and liars and those who prey on people.
That is what we are trying to do on this thread, since TSD management has not seen fit to close this thread and ban this immoral man.
Quote:
Originally Posted by fx_chick
100% No Loss...
Worlds most sophisticated 100% fully automated Forex Robot !!!
Consistently making money for you in the Forex market while you sleep.
All the above for only $50?
I can understand why you are frustrated jturns23, but at the end of the day no one was forced to buy the EA. Everyone is responsible for their actions. If Steintz had an EA that was as good as he claims then why would he be selling it for $50 or $200? “100% No Loss” he says. If I had a Forex Robot that had ‘100% no loss’ I would be charging $1,000,000 for it.
I too only use it with my demo account and would never consider using it with my real account. How can you trade without a stoploss? I was in one trade, long on the GBPUSD, since November last year and manually traded out only a couple of weeks ago because I was sick of waiting. During that time I was at one stage down over 1500 pips. If I were to stay in the trade, then who knows, more likely then not, price would one day go back up there and I would collect my 12 pips. The only problem is that a win-loss ratio of 12–1500 isn’t very smart. And many times because you could be in a trade for weeks, by the time you take the swap into account, even the winning trades end up costing you money. And I have tried all the different settings on different timeframes, nothing works. Like Dreamliner said... look at his finish in the Automated Trading Championship.
The logic behind the system makes sense though and you can make money if you trade the system with using stoploss’ rather then living with hope. Hope can be a trader’s biggest enemy. If things aren’t working out, then get out of the trade.
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