Comments on: ForexRobotTrader by Steinitz (Metatrader Expert Advisor): Aug 14, 2007

By: Jon

Jon — Tue, 10 Jun 2008 11:04:58 +0000

Still using the EA? I think you need to trim down the pairs you are trading. Certain pairs must go like chf/jpy, all aud pairs, and all gbp pairs. I created my own EA and I have been trading for 5 years and I only trade 5 pairs. EUR/USD, EUR/CHF, EUR/JPY, USD/CHF, and USD/JPY. I have only had lousy to minimal risk/reward with other pairs and I have tried to trade them all in the 5 year period. He also says to trade at least 10 pairs. That’s way too many pairs to trade. 4-5 is optimal. 3 probably would be best. Again, greed kills more than anything and is responsible for most, if not all, instances of margin calls. Keep the pairs to 5 pairs or less and raise the risk to 5-6%, not 1% like he recommends.

By: Minnelli

Minnelli — Thu, 16 Aug 2007 19:36:17 +0000

Rick – great idea!!! I do okay for myself with my day job, but I do keep my forex money segregated, so sure if you or anyone want to throw a few bucks at me I will reinvest it back into Forex – which in turn will keep my site running strong as I try new providers and strategies.

PayPal Donation is now available at the top of the page. I used your quote of saving you $1000 by not investing in the Steintz EA as my donation tagline.

lol – Minnelli

By: Rick

Rick — Thu, 16 Aug 2007 06:10:02 +0000

I don’t know how many people you spared by publishing your blog here, but I know you saved me at least $1000. Do you take PayPal?

By: Minnelli

Minnelli — Wed, 15 Aug 2007 21:03:06 +0000

no problem – a lot of you guys share your experience on the blogs. It the least I could do. It only cost me $50 for the EA and another $850 in losses….so maybe I should start up a collection

Minnelli

By: igor00

igor00 — Wed, 15 Aug 2007 18:30:57 +0000

Thank you, for this expirience.