Incredibly [i]weak minded[i] is more like it. Those that rated it highly are the type that always sing a systems praises after experiencing barely '5 minutes' of half decent trades. Unfortunately, a handful of winning trades does not a system make and if these people had controlled their idiot exuberance a week longer before giving the EA a 'tick of approval' in the polls you would find only 1 person be touting the system - Steinitz.

Every loud mouthed weasel that defended this piece of trash before even educating themselves on why it can't work, has long slithered into the night unable to swallow pride and admit they were actually wrong.

No matter....most of them are all broke now and those stupid enough to believe a gambler let alone enter a industry they know nothing about deserve to lose all their money.

Simple as that.

The reason is simple. This EA usually performs OK the first few trades. But "no loss" means it never closes a trade. So 3 weeks down the road, when you get a margin call............its to late. Ask yourself, why is this poll closed? The first time I saw this thread the poll ratings were MUCH higher...... then as soon as they started dropping? You guessed it..........the poll was closed. I bought this system when it was $50. Since then the "system" has been updated and fixed to many times to count. After all that......it still sucks. Look at his finish in the Automated Trading Championship. Participant Steinitz - Automated Trading Championship 2007 Of course he makes excuses in his discussion section. Oh yeah, here's some proof on how ignorant Don was when I bought this software from him:

Don Steinitz <steinitz@cox.net> wrote:

I'm interested to find out how you are able to go back to 2004. I've never seen data available beyond 18 months.

I have the email where I walked him through the process to get backtesting data.Now he's showing backtest results from 1999 on his website.....guess who taught him how to do that.........ME!! I asked for my $50 refund, not because I need the money, but it's the principle of the point. He scammed everyone. Using any stoploss or trailing stop does not help. If it did, he would have won the Automated Trading Championship............or at least finished above the $10,000 starting they gave him.

Well I don't know where the below post went, but I'm reposting it. I was thankful to hear why there were some good posts on the poll. I wondered because I knew Don Steinitz is a dishonest thief, but thought possibly his EA might work. Turns out they are both really really bad.

The one good thing we know is that "what comes around, goes around" so that his future is not that good.

Ooops, forgot to post:

---Quote (Originally by lolpie)---
If this software is so bad, how come so many people rated it highly in the polls?
---End Quote---
The reason is simple. This EA usually performs OK the first few trades. But "no loss" means it never closes a trade. So 3 weeks down the road, when you get a margin call............its to late. Ask yourself, why is this poll closed? The first time I saw this thread the poll ratings were MUCH higher...... then as soon as they started dropping? You guessed it..........the poll was closed. I bought this system when it was $50. Since then the "system" has been updated and fixed to many times to count. After all that......it still sucks. Look at his finish in the Automated Trading Championship. Participant Steinitz - Automated Trading Championship 2007 (Participant Steinitz - Automated Trading Championship 2007) Of course he makes excuses in his discussion section. Oh yeah, here's some proof on how ignorant Don was when I bought this software from him:

*Don Steinitz <steinitz@cox.net> wrote:

I'm interested to find out how you are able to go back to 2004. I've never seen data available beyond 18 months. *

I have the email where I walked him through the process to get backtesting data.Now he's showing backtest results from 1999 on his website.....*guess who taught him how to do that.........ME!!* I asked for my $50 refund, not because I need the money, but it's the principle of the point. He scammed everyone. Using any stoploss or trailing stop does not help. If it did, he would have won the Automated Trading Championship............or at least finished above the $10,000 starting they gave him.

For those of you wondering why I'm doing this........I'm sick of seeing people getting scammed and getting scammed myself. I only paid $50 for this system when it came out. Don made at least 10 "upgrades" or "improvements" on it. It NEVER performed any better after that. He blames everyone's "loses" on not following his instructions. Thank god I never used any of my real accounts. Now Don is selling it for $200. Don't believe me?.......BUY IT. Run it live for 6 months........Don couldn't even do it for 3 on the Automated Trading Championship which was a DEMO account none the less. Let me know your results.

P.S.....Don, you scammed the wrong guy. You want to play? Start a live demo account TODAY, post the account ID, password, and server, ON THIS SITE. Use your "best" settings......leave it going for a 6 months. If it profits........I will take back everything I said.

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.

You've shattered my illusions now

There was I thinking that we no longer heard from the likes of WHTenn and Blusky because they where kickin it in the caribean whilst the Don Steintz miracle EA took the strain.

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.

This thread is not related to any EA. Some people are using this system manually so that is why this thread was not deleted and was not closed. But as the discussion was started about EA so I am closing this thread.

I have been testing this system for some time now and have made an observation which I would like to share and if valid would like to develop inti an EA or some kind of alert. On the H1 chart with all 4Tf-HAS bars set up you will have TF1=60, TF2=240, TF3=1440, TF4=10080. I have noticed that at the point when TF3=TF4 (blue/red) a trend has started and on the H1 can or course be substantial, pip-wise - exit can be found on the TF2 bar when it turns opposite colour. The trending seems to work at all TFs..any ideas how to develop this into an EA? I suppose it could work as a manual system on the lower TFs with an alert.

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