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Steinitz Fractal Breakout (By steinitz )

The user has deleted this system.

Steinitz Fractal Breakout Discussion

Micheldutogo
Feb 10 2012 at 15:07
15 posts
I really wonder if it is about greed or if he is honest but too exited about his products and promote them without being careful by not testing them live for a while before release. Maybe both. In any cases, if he is honest, he should offer right away 60 days moneyback garantee and not charge $500 for tutoring a system that have that kind of horrible draw down.

maestro007
Feb 12 2012 at 15:00
60 posts

   maestro007 posted:
   guys.

Lets all stop with the attacks.

To be honest all problems occurred (from memory) when steinitz wanted to charge $500 for his services on the new way to trade his indicator.

Unfortunately for him, this occurred just before the 1st draw down, but before this had traded the account well to 100% increases.

However as he does not want to disclose the risk taken per trade it would be folly to pay $500, when it seems the stops are based on some sort of equity calculation maybe 20% risk per trade or just hold and hope..

Give this account another month or two and the results will speak for themselves.. Just keep an eye on the equity vs balance.

My guess is that the account will be blown / deleted / or hidden within the new 2-3 months. Currently in another draw down which I guess is likely to be GBP/AUD or something similar.

If it isn't I might consider throwing $500 dollars to find out how the new trading method for this indicator.

Again, please lets let the results speak for themselves.






Wow system didnt even last a few days.. Guess I will not be investing $500 then.

steinitz
Feb 12 2012 at 15:24
22 posts
I ended the account with $2000 profit on a 10,000 or account for 20% profit. I'm not content sitting on my laurels because I'm looking for something with less drawdown and less work. I'm working on something right now looks excellent and I will now start a new account and start posting results. You and your trade once a day at the same time with a pending order.

To win rate looks like it's upper 90% and the drawdown is extremely small. I'll announce the new link next week or so

maestro007
Feb 12 2012 at 15:35
60 posts

   steinitz posted:
   I ended the account with $2000 profit on a 10,000 or account for 20% profit. I'm not content sitting on my laurels because I'm looking for something with less drawdown and less work. I'm working on something right now looks excellent and I will now start a new account and start posting results. You and your trade once a day at the same time with a pending order.

To win rate looks like it's upper 90% and the drawdown is extremely small. I'll announce the new link next week or so


If i remember correctly you still had trades open at market close.. So maybe final results are actually worse or better.

anyway look forward to new system, hopefully you will have better luck this time..

Jay (jaynier91)
Feb 12 2012 at 15:44
8 posts

   steinitz posted:
   I ended the account with $2000 profit on a 10,000 or account for 20% profit. I'm not content sitting on my laurels because I'm looking for something with less drawdown and less work. I'm working on something right now looks excellent and I will now start a new account and start posting results. You and your trade once a day at the same time with a pending order.

To win rate looks like it's upper 90% and the drawdown is extremely small. I'll announce the new link next week or so


Looking forward to learn the new system. Interested with the once a day with pending order trades.

steinitz
Feb 12 2012 at 18:46
22 posts
I'm looking at 23 currency pairs even though some pairs have a little higher spread I'm going to use them because I'm now on the daily chart. I've done my back testing and the win rate is extremely high in the upper 90s. Of course seeing is believing so the link will be given out as soon as I can once I have a few trades under my belt

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