среда, 8 октября 2008 г.

Интервью с Don Steinitz

Известный сайт www.forex-robots.com опубликовал на днях интервью с Доном. Если кто не в курсе - это создатель советника Steinitz Hedge. Привожу интервью ниже:

Dear Don,
Please receive my congratulations for the success of the Steinitz HAS MTF Robot. I am happy to announce that your robot has reached an equity rise of 49.2% since June 1st and is so far leading both the current competition and the overall all-time competition at Forex-Robots.com. 

I’d like you to answer a few questions about your winning forex robot, as well as some others related to the trading markets and the events that repercussions 


1. How did the Steinitz HAS MTF Robot managed to get out of the market crisis in September?

Our program is designed to automatically choose the most compatible settings within the robot based on the current market conditions the robot sees. There are two distinctly different setups that are predefined within the robot that are chosen by the robot when monitoring the market looking for a trade. 

On set 1 and we call this the trending set up because the monthly, weekly and daily time frames are all in sync and trending the same direction. On set 2 we call this the consolidation set up whereby the monthly, weekly and daily time frames are not in sync with each other.

It's the ability of the robot to automatically choose the correct set up that allows the robot to virtually be left alone and trade as efficient as possible regardless of what market we are facing 


2. Do you feel satisfied with the current settings or are you willing to update them soon?

We have gone through almost 2 years of consistent upgrades because of bug fixes (early days) and continuous input from the user's asking to see certain functions within the robot. Needless to say we are done making any changes to the robot unless deemed necessary


3. Are you developing any other product?

We have other robots already being offered for sale. Here is an explanation of all three of our robots:

The Steinitz HAS MTF hedge robot version 3.19 is excellent for entering extremely early to capture the most amount of pips possible because we are buying low and selling high and vice a versa, because we are entering on counter trends. Most people wait too long to get into a trade and miss the initial thrust of the move. No wonder 95% of all traders lose money since they tend to wait for too many confirming signals before getting in.

The Steinitz HAS directional robot version 1.50 is excellent for identifying when a trend is developing. This robot monitors a maximum of four different time frames all at once and getting in the trade as soon as these time frames lineup. This robot is excellent for staying in a trend for a very long time thereby capturing very large profits. It's not uncommon for this robot to stay in a particular trade for days or weeks with huge returns.

The Steinitz WaveRunner robot version 1.56 is the ideal robot for identifying market tops and market bottoms. It has an uncanny knack for predicting market turns. This robot commonly picks up profits of around 160 pips with a stop loss much smaller whereby giving us a very good risk/reward ratio. This robot uses the Elliott Wave theory more specifically the Zigzag wave.


4. We know that to be a successful forex trader it takes more than just having some money to invest.
Please tell us what the basic requirements of a forex trader are.


I believe the biggest enemy you will ever face when trading Forex is yourself. If you have a winning method that you feel you've tested long through demo trading and decide to start trading live your biggest problem at this point will be yourself.

When you start trading your own money your mental attitude completely forgets what you have learned earlier when you were demo trading and you start to second-guess yourself and closeout winning positions much too early. You will find that the market is fickle and when the trade goes against you, you will have the urge to close it out quickly to protect your capital only to find you should've left it alone because it came back profitable.

After several losses there will be an overwhelming desire to get back on track and closeout problem positions prematurely. You need to let your winners extend themselves to compensate for the losers. The beauty of running a robot is that it allows you to remove yourself from the emotional whipsaws of the market.


5. Why should a beginner start trading with a forex robot instead of doing it manually?

I believe the beginner can avoid some bad habits by watching a profitable system run in real time and learn from it. My robots are always transparent and allow the user to understand what the robot is thinking by way of text written on the chart letting you know what the robot is thinking and why it's taking that trade.


6. Do you think the psychology of the trader play an important part, even when trading with a forex robot?

Yes absolutely. You wouldn't believe how many people before even trying the robot are already asking me ways to change the robots settings. It never ceases to amaze me how many of us want to fix something that is not broken.


7. Do you think the US elections will generate more market
unstability ?


I've never been very good at second-guessing the market using fundamental analysis. I always said "charts don't lie". Meaning I don't care what's happening out there as long as I can see the footprints of money by way of looking at my charts and basing my decisions on price itself


Don, thanks a lot for your time, and again, congratulations for your double winning!

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