Steiniz HAS MTF Robot - Consistent EA

This Expert Advisor is one of the oldest commercial EA that has used by many traders. It is developed by Mr. Steiniz, a former poker player from USA. This Robot is using Multi Time Frame (MTF) analysis from Heiken Ashi Smoothed (HAS) indicator to find and confirm trading signal, and to eliminate false signal, off course. Steiniz EA has many features for enhancement. With these features, there is a bigger opportunity to find the best setting for every person.

HOW STEINIZ-MTF-HAS WORKS

EUR/USD Monthly Timeframe (Short)

Here is another example of an image taken straight from the Meta Trader 4 platform. It depicts the "Heiken Ashi Smoothed" (HAS) indicator (on top) and the "MTF HAS Bar Lower A" and "MTF HAS Bar Lower B" (at bottom). This time the monthly trend is down.

EUR/USD Weekly Timeframe (Short)

This chart shows what happens when the Steinitz HAS MTF Robot starts from the highest timeframe (monthly) and scans one lower timeframe at a time until it comes to the first counter trend. In this example if found the (weekly) timeframe as our first counter trend. As soon as the Robot finds a counter trend as indicated by a blue bar the program goes into "alert" status and waits for the first opportunity to enter the market immediately after a red bar is formed. Notice how the HAS candles tend to shorten as they signal a potential change in trend.

The features from Steiniz EA are : (taken from the website)

1. Automatically searches for counter trends between the monthly and 5 minute timeframes.
2. HAS moving average variables fully modifiable.
3. Self checking logic when/if you set an input incorrectly.
4. User adjustable to set to trigger on closed or unclosed candles!
5. Ability to enter on Alert or Alert -1 TF color change (closed or unclosed candles).
6. Optional enter on a fresh signal when EA is first turned on (switchable).
7. Money management available to trade a % of free margin or account balance.
8. Intelligent lot fractional sizing based on what broker you use.
9. Take profit with fixed pip amounts that you decide for each timeframe.
10. Take profit can be selected to use % ATR for each individual timeframe.
11. All TP and SL are invisible to broker. (no hunting allowed).
12. A safety SL & TP can be set as a fail safe if power is lost (will be displayed to broker).
13. Partial close option to take 1/2 profit automatically when TP is reached.
14. Stop loss can be set at a fixed pip amount or % of ATR.
15. Trailing stop loss feature is available.
16. Trailing stop trigger and pip step amount fully adjustable.
17. Broker spread widening detection option to halt entries if spread widens by "x" pip amount.
18. Trading hours only available to trade based on your times you choose.
19. All text is font size and color adjustable.
20. Three different de-bug inputs to analyze all your backtesting and forward trading!
21. Upper TF feature to use as a filter for trading desired TF to help avoid head fakes.
22. Break even setting with a guaranteed lock in pip amount.
23. Ability to take full profits when TP target is triggered with color change based on choice of timeframes.
24. Ability to take 1/2 profit when TP target is triggered and let other half run up until color change on choice of timeframe.
25. Superb labels displaying on screen what the EA is doing inside to understand what is going on.
26. Superb labels displaying int & ext SL & TP, curr DD, Max profit, Max DD and much more!
27. Intelligent analysis to determin to close out a set #1 set-up in favor of entering back in with a set #2 set-up and visa versa..
28. Can be set-up to disallow new trades on Friday at your preferred time.
29. Can also close out open trades on Friday to go flat before the weekend at your preferred time.
30. Another feature to disallow new trades "x" number of days prior to month end.
31. Along with the above feature you can have the robot automatically close out all open trades every 30 days.
32. Automatically detects when market changes from trending to ranging and switches into a different mode using pre-determined settings to trade the new market effectively!
33. The robot has the ability to place hedge trades automatically.
34. New feature that places a seperate trade in the direction of the counter trend. This means additional trades and more profit.
35. New feature to recognize automatically if the market has changed after entering on set #1 or set #2 and automatically close out the position. The robot will then re-enter on the opposite set-up to trade the current market efficiently.

This forex robot comes with superb live result and from Dec 2007 until July 2008, it has produce +11,810 pips with details from every month progress. Every month, this EA is collecting average +1,476 pips.

Pros :

• use unique MultiTimeFrame Engine to decide the main trend
• provided with superb live result statement
• has been developed very well in long time
• has many features for different strategies
• one lifetime payment

Cons :

• with so many features, it is rather hard to find the best setting. Buyer should contact the author for best one.
• the main strategy use no Stoploss, but later it is given SL and hedge features to handle loss positions
• limited for 1 account number holder per EA

Further information of Steiniz MTF HAS EA can be found at : Here