I have to admit here that I am shameless…
On my previous posts Shameless… Just Shameless…, I took a whack at the site owner without getting a clear picture. Maybe because I am numb to all these, maybe as some people would say experiences has caused me to be very cynical about this industry…
Anyway… after I posted the article above, I wrote to Don Steinitz and ask him about this site www.ForexRobotNoLoss.com
And this is the reply that I got from him:
Thank you for your interest in our Forex Robot No Loss. I was approached by these two gentlemen who give me some excellent ideas to control drawdown. Because I liked what they had to offer we made changes in the robot and at the same time simplified the number of functions. There are two new functions that allow the robot to exit on the upper timeframe or high timeframe when the trend changes direction.
This is a function that will not be modified on the Forex Robot Trader website and only available on the Forex Robot No Loss website. These two gentlemen also give me some other ideas that were coded in this robot that I promised not to divulge to further help with drawdowns.
Therefore, it is a perfect opportunity to go into partnership on a second website. We’re so sure about this robot we are offering a 60 day moneyback guarantee through ClickBank. Make no mistake nothing is wrong or inferior with the original robot on Forex Robot Trader. We are simply combining forces to make even a better robot with this partnership…..
To purchase your software please click on the following link:
http://www.forexrobotnoloss.com/
For any questions please click on the following link:
http://www.forexrobotnoloss.com/contactus.php
THANK YOU !!!
Don
And yes… SquareRoot. Your comment has been noted…I thought I would put out a post.
Should I apologies?
Probably that’s my ego typing away on this post but… no. I don’t think I need to apologies.
You see, Don is like ‘The Jonas Brothers’ some people like them, some people dislike them and some people are neutral to them.
So I have used his EA before… and I don’t really like it… To complicated, blah blah blah… I wrote about this before…
I had at least some respect for him as a developer… His site is at least better than most of the commercial BS around which probably hyped up their site just to sell a product.
His affiliate falls into that category… if he has a good product. Why sell the rights it with some modification? Wouldn’t he want to protect his brand? I had initially wrote that article with the assumption that he would not be so silly enough to do such a thing… But I was wrong.
Call me naive… but there are so many different type of people out there don’t you think?
Well… I guess many reason could be said as to why he sold his rights or his partial rights to his EA… Who knows… and who cares…
But I guess my respect for him dropped a notch… but again who cares… everyone in this industry is in this industry for the sole reason to make money period… No matter how they are going to do it… they won’t care… as long as they are making money… and others are losing theirs
So… who cares if I took a whack at his by-product… who cares what people say about this ar$ehole name Casey who just write BS on his site…
Yes… who cares indeed… as long as one can make money from this industry… who cares…
I guess the only ones who would care is the ones who have lost money… like me… 
Anyway, anyhow, anywhere… if these guys don’t want to care about how they bring about good product or services into this industry… then I too will continue to be shameless in my postings…
I used that Don Steinitz assholes all the ea s and indicators..he s the biffest forex sucker I ve ever seen.I just want to kill that mother fucker!!!!
read this pipcop thread about this new scam..If u dont put a stoploss u wont loose..the only possibility is ur account will blow up!!!!
http://www.pipcop.com/forums/general/274-new-no-loss-ea-watch-out-crook-city.html
There is nothing to apologize for … Don should have notified his customers that this was happening. Considering how much counterfeiting goes on in the EA business, I came to the same conclusion as did other Steinitz customers.
Steinitz will go great length of lying and cheating to make money. He can lie about and deny the fact that “nothing is wrong or inferior with the original robot”. Really? What logic is this “to make even a better robot” but the first is not INFERIOR? Foolish Don, it would have been smarter to simply introduce an upgrade instead of trying to fool customers.
I’ve tried trading on a demo account one of his original robots, where he claimed 100% win rate. The scam was that he never closed out his losers. Luckily I did this only on a demo account. I think Don makes money by selling his products not by trading. He’ll have new revisions of his EAs and trading strategies out to make more money on guilible users.
Warning if you trade with the MetaTrader platform. It is a Russian platform with all sorts of broker hacks where they can steal your money.
Hey Casey,
Great post. Here is to some link love: http://www.tradeprofits.net/don-steinitz%E2%80%99s-has-mtf-hedge-ea-forexrobotnoloss
scam product
it is scam?
@Zero yes and no I guess. Yes, coz Don seems to be saying but not representing it 100% in the first place from the original EA and no Don sold his rights to this guy who came up with this new ‘product’
Don himself never wrote his “original” EA either. That is yet another one of funyoo’s EA.
@Jon… Is that so… hmmmm…..
BEWARE DON STEINITZ, REAL ALL THE REVIEW!!!
I thing Don is just a fast builder of looser robots, here is why: I got his pterodactyl as it came out, I used on 7 Demo accounts with diferent brokers and with 10 pairs each one, all Demos lost money after two months, I ask him about that and also asked him about what settings was he using? what pairs? what broker? (with real money account) he just answer any pair, default settings, any broker is good, so I open a live account with real money and it ate my money like crazy, actualy I am trying to get my money back, I have a demo test you can see at http://www.mt4i.com/users/ptdemoexness/stats if you go to symbol you can see at this time only 3 pairs have a very small profit, and so far it has ran for almost a moth, Don talk much but so far not deliver.
I have to say something good about him is he has responded so far to my emails but has not promised to return my money, and he keep sending the same sample (see below) of earnings
Also Don may just be an scam artist, when he send his emails with statements be carefull to really review them, he used to sent one with a supose 5069 pips gain!!! (I have no idea where he gets this number), if you do the sum you realice it’s only about 3550 but in the statement sums 4945 you can see the statement here http://forexrobottrader.com/webinars/5069pips3fibs14days.gif (if he realice his mistake and erase it I will be happy to post it here), so this made me think he is manipulating his statements and began disecting each one he sends and found other discrepancies, if his robots (yes many!!, and I supose more are caming!!!) are any good why don’t he post a real money live account at MTI (that is where my demo is), so we can verify his earnings?
Also he send a few days back an email warning people about FPA and his owner stating the owner is an scam artist, I didn’t like that because he didn’t provide any proof just gossip and so far I really trust FPA and have not seen any atemp for deception on the other part I have seen decepcion from DON.
After seing the emails FPA erased and are now back and the explanation, now I am wondering if he is the only one praising his robots with diferent names? even the so call reviews or emails he is supose to get? by the way he gave me a couple of email address of people who he say are making money, but guess what? one addres is invalid and never got and answer from the other (and I send 7 emails to that person)
Just to be Clear: My intention with forex is making money not slaming anyone that is why I provide proof, I only want to make money with forex and if DON have ANY robot making REAL MONEY and prove it with and investor pass or an MTI verifyed account I will be happy if he exchange the pterodactyl for that one or if he give me my money back (even if he exchange the robot for another I expect a money back guarantee).
I will be checking here for any response and will add anything that happen, in the meantime my advise: check if the robot you are interested have anything to do with DON STEINITZ if so do your homework and remember you have being warned!!!
go see reviews on donna forex about steinitz, on yahoo.com go to search type don steinitz and go to donna forex you will see the kind of person he is also see the review on forexpeacearmy.com
Carlos Alejandro, Acapulco Mexico