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Don Steinitz Autobiography

My name is Don Steinitz. I started out at the age of 18 learning all I could and mastering the science and art of the game of Blackjack. I moved to Las Vegas leaving behind a successful accounting practice working with my father who owned a CPA firm as a computer operator, putting out financial statements to other CPA’s, when computers were very expensive and not well known.

I became an expert card counter and could count down a deck of cards in 15 seconds or less. I organized a team of players and soon became a major threat to any casino we decided to play in. You might have read about the MIT team. Our methods were quite similar but we were first.

I engaged in many other forms of  "advantage play" in casino games (all legally) through various methods including the use of sloppy dealing practices actually seeing the dealers hold cards giving us a tremendous advantage over the casinos. It was very common for our team to wipe out an entire tray of chips while waiting for a refill from the cage.

The “cat and mouse” game always looking over my shoulder attempting to blend in as a normal tourist eventually took its toll on me and after 30 years I decided to leave the business and play professional live poker known as “No Limit Holdem”.

How I got started 

Looking for something more fulfilling and the desire to work from home I met a gentleman in the Yahoo business and financial chat room who quickly befriended me and we began discussing market theory and experimenting with all kinds of indicators and trading ideas.


We spent thousands of hours on the phone together looking for one method that could show some promise over all market conditions. Every idea had its own set of problems. Deciding to never give me up I continued for 12 years looking for the “holy grail”. As you can probably guess one doesn’t exist.

Unwilling to give up I put in at least 1000+ hours every year studying charts to see what makes up a winning trade. I called that process “reverse engineering”. Going backwards to see if I could see a pattern that was shared amoung all profitable trades. After several attempts to give up I was drawn back to the markets as I didn’t want to throw in the towel since I knew somebody out there is  probably making a living or better from the markets therefore, so can I. So 12 years later I stumbled upon Meta Trader 4 which looked foreign to me at first. I had no idea that a program could be designed to trade a preset of trading rules automatically by an “Expert Advisor” (robot).

This is what I was hoping for and I quickly signed up and started to look around and came upon an indicator called the “Heiken Ashi Smoothed”. I later started multiple threads on various Forex trading forums describing my methods that could be used with this fabulous indicator that is driven by price movements alone.

Together with this indicator I developed a way to use it looking at eight different trading timeframes all at one glance that gave me a complete picture of what the market is doing. This is the major reason for the huge success of my method.    

Where we are now 

I have teamed up with several top notch programmers that are extremely gifted and well verse in Meta Traders mql code. This is the name of the programming language that MT4 runs off on. We started out with a basic design and have ended up with after multiple versions the final product known as the “Steinitz HAS MTF Robot”.

All future upgrades for a particular version will be sent to all paid licensees at no extra charge. I will send these files by email. If you have an idea you would like to see as an addition to the “Expert Advisor” please don’t hesitate do send me an email explaining what idea you have.

Our goals and missions  

Our goal is to provide the best all around trading robot for the Forex market. I believe that I have made available through extremely hard work (just ask my wife) the ability to trade any currency pair of your choice without having to place a stop loss on your account. That is a bold statement indeed! You can run any back test with any currency and find that there are no losses. The same thing holds true for any forward test or live trading.

The reason is simple. We always trade with the main trend and look to get in at the first opportunity of a counter trend which is automatically scanned by the EA and found totally without you being there to watch. As the saying goes “A rising tide lifts all boats”. Never try to trade against the main trend. The trend is your friend. Even a news announcement that is released may shake up the markets for a half a day or so but the price will revert back to the direction of the main trend to produce the desired take profit target. So in closing I believe along with my faithful customers that this EA just might be the most impressive robot to ever hit the market but only results will back this claim up. Please visit my “Performance” link on my website to see how we are doing in real time.

Sincerely,
Don Steinitz

 
   
 
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