I've tried this, and while admittedly it seemed too good to be true for a while spoiler alert: The strategy may be sound if you actually use it and take losses, but as far as I can tell this is one step beyond the dreaded martingale strategy.

My advice- don't do it. They won't respond to help requests and you won't make money long term. Sorry to say, but true. I bought the Steinitz has mft robot and the fractal robot. I haven't traded live. I have been reading many forums regarding the Don Steinitz HAS system. In my opinion and this is just an opinion , I believe that many who have tried this EA have not properly followed Don's money management suggestions. Because of the DD that must be sustained, one must follow the money management based on the size of their account.

I am running a mini account and I am running. I am also running only 12 pairs and that is all.

I have set my profits at set pips for each time frame, less for shorter time frames and more for longer time frames. I am trading 15M through 1W. Now I FULLY REALIZE that this is not enough time and I actually plan on running this demo for the next 6 months before opening a live account to trade this EA. I can definitely see an account being blown away if the lots are too big in relation to the account size. So at this time, I am very satisfied and will report back again in 30 days and then again every month until the 6 months have passed.

I am rating GOOD at this time as I see a few display bugs that I would like to see worked out but seem to cause no performance issues at this time. I welcome any feedback IF AND ONLY IF the proper money management was followed by you. At this time I am not interested in hearsay or 3rd party war stories. I am also not interested in backtesting, I have not run any either. My next report will be in 3 weeks. By the way, I am in no way affiliated with Don or his company and do not care if anyone purchases his system.

I am interested in the greater good of the forex trading community as I have learned and gained a lot from the many forums I participate in. I have reviewed many electronic trading programs Robots, Bots and have tested over 60 different Bots. Recently I placed Robot No loss into a Demo account and it began to trade. This Bot has had no difficulties and what I've observed is small drawdown and it trades quite often.

The Bot was attached to 8 currency pairs. The Bot was trading in Demo at. No settings or parameters were changed. The Bot is running as "downloaded". I have since placed Robot No Loss into a real money trading account and it is trading very well, that is, consistently and profitably.

Best Forex Robot | No loss Forex Robot | |

It is attached to 8 currency pairs in the real money account. Of 60 Bots I've tested to date it has the lowest drawdown of any Bot. Here's why I think some are experiencing problems with Robot No Loss Bot: Before attaching the Bot to a currency chart the chart must be loaded with data for all timeframes.

To do this Don instructs you to click through every timeframe for the chart once. However, due to your Broker's implementation of their MetaTrader platform this procedure might not load sufficient history data for the currency pair.

Therefore, Robot No Loss does not have the data in all timeframes that it requires for its logic to process correctly.

I suggest that you also click on each timeframe, as Don explains. Then, while the mouse pointer is on the chart and with the left mouse depressed press the "Page Up" key on your keyboard.

This will force history data for that currency pair to be downloaded for that timeframe. Repeat this procedure for every timeframe of the currency pair before attaching Robot No Loss to that chart. The next point is that Robot No Loss is designed and developed to trade at.

It should also never have more than 1 trade open on a given currency pair at any one time, however can have multiple trades open as limited by the number of currency pairs to which you are attaching Robot No Loss Bot to. With many Broker's Demo accounts they do not permit trading at micro-lots sizes.

This appears to be causing at least some of you problems as your demo accounts are a small balance. It doesn't matter in demo as you are only interested in the drawdown of the account as a percentage of the account's balance, and profitability as a percent of the account's balance, or PIPs to ascertain a Bot's performance. If after seeing good trading results in demo you decide to place Robot No Loss into a real live money account be sure to get the history data for each timeframe of each currency pair before attaching the Bot to the chart to trade, just like it is described above for a demo account.

Also, know what minimum lots sizes your live real money account can trade. I would suggest that no matter the balance of your account that you want trading as micro-lot increments. However, if it cannot accept micro-lot trades and is only able to increment trades at.

There are 2 parameters in the Robot No Loss: As "downloaded" these parameters are set to the values of "true" and "false" indicated above. No trades will open even though the Bot keeps submitting requests to open a new trade for a currency pair. These error messages can be reviewed by clicking on the "Experts" tab of the MT4 Terminal Area.

I think if you perform the items suggested to you above you will be very pleased as I am with the trading results of Robot No Loss. That's where the big money is for this program. When I sent my lot size to. Closing trades weren't that high.

However, when the trades went negative, and I hit the high drawdown, I'd continue to buy another. This worked great this past December Unfortunately, with the new year, I continued to trade and got stuck in about 3 trades that hit pips.

I'm still in them, and the pips are coming down, but my novice ability is what caused this issue IMHO. Email me and I'll send a copy of my statement for December as proof. All in all, it's a good robot if you learn how to trade it and realize that automated and using it's basic settings can become and issue and risky.

No Loss Forex Robot Review - The Absolute Truth Exposed

Infact i had no wish to write any review about Don Steinitz or his products. I really don't know whether he is insane or what. Before 1 month, he sent out an email to all of his subscribers that Felix is a big scammer and he is using FPA to promote his products and services and FPA itself is a scam.

He also added many YouTube videos. On this point, i know myself how legitimate FPA is,so i really don't need his advices. Now today,he sends out another promotional email and praises FPA as the most notorious website against scammers and asks the subscribers to visit the performance page of his so-called 'No-Loss Robot'.

The No Loss Automated Forex Robot Free Download

I can't believe either this person is mentally all right or having regular medical appointments in his near by hospital. Well,now come to the performance. So i couldn't stop myself and visited the performance page of his Robot on FPA. And i was almost laughing when i saw the Drawdowns of ,, etc Pips. This way,by not closing the losing positions, we can make any system a 'No-Loss system',we just need to open smaller lot size.

And then,we will be praying for the market to come back and make us profit. I mean, to make 22 pips of profit, if u get a pips of DD, and still instead of stop selling the EA,you are sending the promotional emails and asking the people to visit performance page,then really not sure what to call such a person.

One of the biggest crap one could ever see. Only Most inaccutrate entries can give you such a huge DD,especially when your TP was just 22 pips. But market didn't hit your TP which was only a little far from the entry,but it managed to go as far as pips in the other direction, then why not to close the trade and accept our loss?

Infact he always finds out guys who are newbies and who can be attracted by seeing even pips of profit ,so newcomers should be aware of this and understand that none of his EAs work.

He just keeps making new EAs to sell them. Sometimes, he reintroduces his old systems as new inventions. He never shows a performance statement on his website which is running continuously. Instead of this,he always shows a new statemtent on a new DEMO account each month. And the most unethical thing what he does is- selling his webinars to use his own system. Nowhere in the world, a Forex system is sold without any instructions of how to use that successfully.

But this guy is an exception. He will sell you a system and then when you start losing and complain to him, he will ask you to buy his webinars to get the proper ideas of making money by that system. Why these bloody sellers don't make money themselves and keep trying to bring new systems all the time and sell them in few hundred dollars? NO,HE WON'T DO IT,but only if he is making money by trading. First of all,he will never start selling anything at all. However if he does,then he would preferably try to get the appreciation from his buyers.

On the other side, whenever a person doesn't make money by TRADING,he always finds out new ideas to collect money from the people around. And this guy is the best among all of the marketers. He just copies and takes a decision on the basis of what has been stored in it but without emotions,you can NEVER trade successfully.

If emotions are the enemies of trading as most of the EA sellers claim then everyone must have been successful in Fx just by flipping a coin and entering on the basis of that. And when emotions are not involved in trading,ONLY then pips of DD appears in your account statement.

I started trading a live account via Don's EA. I had a personal conversation with him and he advised I do not mess with any of the settings.

I believe he said it works best right out of the box. Anyway I started with a 2, live account and my equity began building and climbed all the way up to 2, This was in November of I followed all his rules. Don't get out of a trade. Everything will come around. Well I couldn't take it anymore and just closed out of everything with only If anyone is interested in viewing the live account, please let me know. More than happy to forward it to you. Now I know I manually created a number of losses by closing out the trades but how can you let the remaining Now Don has his Fractal indicator made into a robot.

It's named after an extinct dinosaur. Please save your money and stay away from Don's systems. Marketers sell systems and document demo accounts. Traders trade and stay away from marketers. This is one of the reasons I was drawn to this roboter. THis is just great and I love watching my account grow everyday. Thank you team for making such a great product.

I am coming back for more. Review Moderation Team Note: This review was left using a proxy. Having experienced the original version HAS Hedge , i can say that in trending markets this is an effective EA. THIS ROBOT IS A SCAM I NEVER GOT MY REFUND. IF YOU WANT TO FOLLOW ONE MONTH TREND YOU DON'T NEED THIS ROBOT. IF YOU NOTICE ON THE OTHER SYMBOL IT ONLY TRADE ONE WAY. WHO EVER IS TESTING THIS SHOULD TELL THE TRUTH THAT IT DOES NOT WIN.

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