witzcowitz

WARNING - Another scammer exposed

 

All the negative comments stated about Don Steinitz apply equally to Tom Hennessy, except he doesn't charge for telling you lies in support sessions. Hennessy is corrupt, his systems, especially STAR (Super Trade At Retrace, which is nothing more than a joke MA driven system) are corrupt. Yes, I learned the hard way too.

Thank you for mentioning that, BUT, despite constant searching for many days have not been able to find it. Please provide an indo page address.

Yep, it's another of Uncle Karl's offerings - maybe not worth time trying but there's only one way to find out, so please if you have it to share would be grateful.

Mr Z uses the term 'child's play' in his sales blurb. Now there's strong hint! Can no one see that in using only CCI with MAs, Mr Z's system is a rip off of the 'ChildsPlay' system? Another similarity is that both systems work best on longer time frames.

Rita Lasker's other offerings have disappointed, e.g. The Lady Robot. All that gender-sensitive bollocks then crash. Still worth trying though and to 'her' (cynically, if 'she' is a 'her') credit, refunds have been full and prompt without argument.

Quantum ea has been released several times before. All previous versions failed to perform in either back or forwards testing. This is likely a recycle of that junk to refill pockets of the re-re-re-re-reseller. Bear in mind that it has been offered free as well, including this time round, but of course when you click on the 'Get Quantum FREE' link you're taken to the Order Now page and get clobbered in the usual way. If the sales technique is based on nothing but lies, why should this ea be anything but the same old piece of junk from yet another fraudster?

Please somebody educate latest version 1.88 to eliminate the .dll file, would be most appreciated. Have uploaded the .ex4 file to [email protected]/?d=ASJYQHCB

It is a good little earner, slow but steady. Tom (the marketer, if he exists) has provided solid risk management, can't see it getting away anytime soon, particularly with hedging switched on. Best ignore naysayers like Callahan, all he will do is cause you to miss out on good opportunities.

Hello Egaalh, so sorry I do not understand if you are willing to share ninja 6.5 If 'yes' you will share, please let me know how to get a copy. Thank you. Fritz Witzcowitz

How is everybody doing with Rita's Best Secret? My experience says it's a useless piece of junk: around 50% win/loss ratio BUT because of the huge SL the end result is a disaster. Seems the results shown during promotion, such as two losses in thousands of trades, is just a load of even more LIES. Don't use it live unless you want to kiss your balance goodbye. Please tell me if I'm wrong, though three different broker accounts don't lie.

Would appreciate if someone with better brain than me wants to educate v 1.88, get rid of the pesky .dll then post link please, here it is: [email protected]/?d=ASJYQHCB A stable and consistent earner especially with hedging, low to moderate programmable drawdown. Some Anti-Virus soft reports the dll has a virus: not so, just educate the AV soft to ignore the dll.

Clearly 'Auto Trend Forecaster' is simply a repeat of earlier offerings with the colors changed. Beware of the instructions, they contain hyped contradictions: e.g. after being very specific about opening trades only in the direction of the higher-timeframe trend, one of the examples claims "six signals in a row - all profitable!" Three of those trades HAVE to be against the the higher-timeframe trend, it is impossible for them to be otherwise.

 

Just a suggestion: learn to trade manually on H4 using D1 as the trend confirmation, removes almost all the noise. Use 'Childs Play' method with an added 40 SMA to indicate trend on both charts, then trade only when 40 SMA is sloping well and the candles are closing on the trending-side of it (from the Lindencourt method). This works extremely well on any currency so long as the 40 SMA is not horizontal, and frees up your day.

I upload the 2 files (ex4, mql4) and it warnings that "Auto TimeSettings should be (false) at the test mode. Use Manual GMT_Offset" and don´t make the BackTest :(

 

Have been forward testing and far from being so bad as others say the Lady had a good hit rate 80% and the losses are only small compared to profits. My question is how to set the GMT offset; there is only a very small .SET file without GMT option. Is there a proper .SET file out there please?

Which if KD's EA is the best ever? He seems to come up with next best stuff every week.. I swear I get junk email from him on daily - he stats "..about something exciting to offer... Limited time... Copies run out fast... " I've tried 3 of KD's method and none seems to be working for me. Poor O'l me! I've paid for all 3 products also.:-O Fool me 3 times, shame on me... lol

 

Yes, I agree, it is shame on you. If KD's methods do not work why do you not request a refund? Usually he responds by offering another product for the same price, thus avoiding a refund, but if you persist he always refunds with an apology for it not working, as though it is a surprise. He makes money by folks not demanding a refund, they wait too long because he sells through Plimus with only a 30 day window to test. 30 days is too short a time in my opinion, clickbank 60 days should be the minimum. No need to pay him for nothing.

Notice that once again Ditto-man is selling through Plimus with only a 30-day warranty, he refuses to use Clickbank which provides a more realistic 60 days trial. Just another trick to close a sale instead of allowing a proper test of performance.

But why 450$ ? It is not their product anyway !!

 

Who knows, you need to ask forexpatch why they choose that figure. It's the highest priced EA on their site, guess that's coz it shows such (allegedly) good performance. Seems there is no performance guarantee though, so caveat emptor.

Seems to be available also from [email protected] for only USD450.00 instead of 2500 at [email protected]

 

Search <trendmaster> <all categories>. Shows very nice performance.

sRs Trend Rider is almost the same as Child's Play system by Farhan. Just change the SMAs from 14, 6 and 4, to 13, 5 and 3. Money management also slightly different but nothing to worry about. Again both are similar to LMT but with much better confirming indicator than LMT. Many systems try to do better but are too complicated and fail, these simple ones are the best. Always use proper risk control, e.g. http://www.forexcalc.com. Both systems work fantastically on a strongly trending market, but be more cautious on ranging market, or trade only D1 and H4 to eliminate noise during the choppier conditions. You still make nice profits by implementing strict money management, only one trade open at a time because you will see all pairs are correlated and can make risk percentage too high.

No trades on EURUSD M1 since opening STP three days ago. Loaded it also onto USDJPY M1 today morning. Divided TP and SL by 10 for 4-digit broker TS still at 25 else it won't be able to breath. Pardon me for jumping to conclusions, but it's looking more like a joke as the days pass.

Dittmann says he absolutely gives 30-day guarantee of satisfaction, same as all products sold through Plimus. 30-days is not long enough to test properly a swing trade EA. Read his promo carefully, there are many contradictions and confusions. Ask him questions, he won't answer most of them or anything technical, so did he really design it? Looking over my colleague's shoulder, the EA appears to be using inside bar technique but with some additional filter because it doesn't trade at what could be every opportunity for a manual trader.

 

The secret bot was too secret it seems, Dittmann's priority news release says it is written for 5-digit broker so to run on 4-digit broker the SL and TP to be divide by 10, a normal thing to do. But this makes its earning limited to only 10 pips per trade, does that seem a bit odd for a swing trader? Where the heck is his confidence in trade choice efficiency?

 

To summarize, it trades quite infrequently, maybe once per week only on 4 hour chart, has 1:2 risk:reward and stands to gain 10 pips with a 5 pip SL. Not exactly a failure but a recipe for disappointment, no?

Has anybody got some results to show for the Kagi-bot, or even for the manual trading method? So far more than one week and no trades on mine.

Does anyone have this 'secret robot' to share please?

 

hxxp://www.f0orexsecretb0t.com

 

Funny how all Dittmann's stuff is secret until he 'releases' it.

 

Thanks people!

Maybe the general understanding of this robot is not good. This is the simplified version of the overly complex-to-set-up MFT HAS Robot and is subject to the same dangers if it is left unattended for weeks on end. However, if it is let go with small risk on 10 or 12 pairs then in 24 hours it usually trades consistently to a significant profit and slowly accumulates bunch of open trades in drawdown. Only one trade will be opened per pair at a time, unless the TF is changed. Don't change the TF during operation because if additional trades are opened it screws up your risk management. The trick is to set a trading rule that if you're not using a SL, when account equity has gained 5%, or 10%, some guys go to 15%, you choose, then ALL trades in drawdown are manually closed to allow the robot to open a new trade on those pairs, possibly in the opposite direction. Do this every day if you want, it does no damage to the equity because these drawdowns are already taken into account, whereas it does a lot of good to the balance because it allows a new trade, likely profitable, to open. Also, this robot DOES HAVE both SL and trailing stop facility, but these are set to zero in the default .SET file and usually go unnoticed as shows up on blogs. The MM facility is also good, but if you prefer trade only a fixed lot size, else start trading with 0.5% for safety purpose, though if you close all drawdown trades daily, the risk can be increased when you have a good feel for it. Pay attention to the .SET file parameters and save the changes in new .SET files as you introduce them. Give it a try on a demo account to get used to the feel of closing drawdown trades quite often and also get the warm fuzzies when 10% equity increment is achieved two or three times, often more, a week. Just don't leave it unattended for a whole week and probably best to shut it down for big news releases, though with the SL facility it's no longer such a biggie.

For me at least the decision to quit Ptero has been made after viewing Steinitz's robot sale site where at least he's been honest in so far as the trade report goes --- look at the .gif associated with the trade report he's displaying to see that for a huge amount of time, say 90% or so, Ptero loses as much and more than it gains rendering it a waste of time and resources. It reached a profit plateau then stopped earning despite hundreds of trades. That is why he rattles on about cash rebates being so important, they seem to be the only, though rather poor paying, attraction of this robot. Pity after he employed "the smartest programmer in the world" who wrote >4000 lines of text. If that amount of planning and work on an EA still doesn't cut the mustard, manual trading achieves a whole new level of attraction and profitability, as it always has!

Many thanks to JoeyTrader for his welcome sharing.

My analysis of the resulting discontent goes like this .... The MT4 Kagi indicator sure doesn't resemble the original Kagi lines because they were and are based upon a non-linear time line representing price data as the primary variable, while this one running on MT4 has to, by MT4's very nature, present its result on a linear time line as the primary variable. The problem and confusion arises when one sees the real prices going hotly off on a trend opposite to the indicative color of the Kagi indicator. It would indeed be a gambling man who opened trades based only upon this Kagi indicator on forex, it will rarely provide confirmation for trades selected by more modern indicators, especially so on forex.

 

The reason for this characteristic is obvious. Kagi is a supply and demand indicator rather than a pure price response indicator and therefore suffers for the same reason that the MT4 volume indicator is not usually reliable. The data for both the volume and Kagi indicators needs to be sourced from the whole marketplace and not be just from the transactions seen by your broker. One broker's transactions in isolation may always, sometimes or never represent a microcosm of the whole marketplace, hence indicators requiring to see the whole picture, as opposed to those simple responding to short-term price movements, are inherently unreliable. Remember that Kagi was developed in the 1800s when all Japanese share trading was through one central floor - same as in the US and everywhere else in the days of yore - hence the entire market could be viewed at once, albeit somewhat delayed, and the indicators of the day which required little computing power other than simple addition worked just fine. Kagi is simply not a runner in a fragmented, multi-broker market unless all data can be virgin-sourced from the inter-bank network without being modified by market-maker brokers looking after their own interests, which unfortunately are usually in conflict with your interests. If my analysis is off target would somebody please offer a clearer explanation.

@fxeasy5 Well said! However you might reconsider the LOL, no need at all to detract from your wise and valuable observation with laughter. It is a serious matter, one which many folk would do well to embrace. There are systems out there which delivers the goods, maybe not in a trice, but over time very productive. The closest I have seen so far to trouble-free trading is LindenCourt, on daily TF to get rid of noise. Then, all that's required, as you say, is to stay "cool and relaxed" ... patience, patience, patience. Slowlee slowlee, money catchee.