Karl Dittmann | Forex Factory

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Karl Dittmann

  • #1
  • First Post: Jul 15, 2010 1:56am Jul 15, 2010 1:56am
HI

Hope this post isn't breaking any rules but has anyone had any dealings with
Karl Dittmann

I would like an honest opinion if possible ... preferably from some one who has a system of his and have given it a proper test.

I only ask as he has a couple of methods Im interested in

Set and forget 1 trade a day and the 30min system

Im not interested in any EA's he has just the method that may compliment my own systems

Paulus
  • #2
  • Jul 15, 2010 2:13am Jul 15, 2010 2:13am
Quoting Paulus
HI

Hope this post isn't breaking any rules but has anyone had any dealings with
Karl Dittmann

I would like an honest opinion if possible ... preferably from some one who has a system of his and have given it a proper test.

I only ask as he has a couple of methods Im interested in

Set and forget 1 trade a day and the 30min system

Im not interested in any EA's he has just the method that may compliment my own systems

Paulus
I bought 2 of Ditmann's products: Set and Forget and his 30 minute garbage.
Both products were an insult to my intelligence.
Dittman is peddling snake oil.
I think he sells crap that he knows does not work.
A total fraud!
  • #3
  • Jul 15, 2010 2:26am Jul 15, 2010 2:26am
I have bought his set and forget and to date (14) days it has not produced a winning trade yet - it is a very simple box idea.
  • #4
  • Jul 15, 2010 4:18am Jul 15, 2010 4:18am
Quoting Paulus
HI

Hope this post isn't breaking any rules but has anyone had any dealings with
Karl Dittmann

I would like an honest opinion if possible ... preferably from some one who has a system of his and have given it a proper test.

I only ask as he has a couple of methods Im interested in

Set and forget 1 trade a day and the 30min system

Im not interested in any EA's he has just the method that may compliment my own systems

Paulus

He is selling what is already free in public forums. All strategies, are nothing new, and nothing special, and believe me, I have many of Karl's strategy in my possession, and non of them are good as mine own strategy that I have developed.

Knez
  • #5
  • Jul 15, 2010 11:51am Jul 15, 2010 11:51am
Thanks guys

As I suspected I also have 2-3 systems that work well..but for $40 I thought I may get some info I could use or adapt

P
  • #6
  • Jul 15, 2010 1:00pm Jul 15, 2010 1:00pm
His system of set and forget worked well today for the first time.
  • #7
  • Jul 15, 2010 1:47pm Jul 15, 2010 1:47pm
and did the win out weight the losers youve had thats what it boils down to

12losers at 5 pips and one winner at 100 pips gives a good risk reward..just build in MM

??

P
  • #8
  • Jul 15, 2010 1:50pm Jul 15, 2010 1:50pm
Wow incredible there are really people who belive they can simply buy success.
  • #9
  • Jul 15, 2010 2:06pm Jul 15, 2010 2:06pm
hehe

Not HIS system ..but I some times take money out of trading funds if its reasonable $50-$100 for the IDEAS perhaps a diff way of looking at some thing..a way a stop is used..or an unorthodox way an indy is used..

Im not buying a system rather a basket of potential ideas...I only need one its how some of my systems have developed...

I look to compliment what I have not use as a black box out right.

Ive been round the block a few times Im no fool

P
  • #10
  • Jul 15, 2010 2:14pm Jul 15, 2010 2:14pm
Quoting Paulus
hehe

Not HIS system ..but I some times take money out of trading funds if its reasonable $50-$100 for the IDEAS perhaps a diff way of looking at some thing..a way a stop is used..or an unorthodox way an indy is used..

Im not buying a system rather a basket of potential ideas...I only need one its how some of my systems have developed...

I look to compliment what I have not use as a black box out right.

Ive been round the block a few times Im no fool

P
*creates his first System Selling Website*
  • #11
  • Jul 15, 2010 2:20pm Jul 15, 2010 2:20pm
Quoting Paulus
and did the win out weight the losers youve had thats what it boils down to

12losers at 5 pips and one winner at 100 pips gives a good risk reward..just build in MM

??

P
What did you changed in the MM Paulus?
  • #12
  • Jul 15, 2010 2:33pm Jul 15, 2010 2:33pm
Quoting TJPLD
*creates his first System Selling Website*

here we go again >....... what do u mean by that post unbelievable

P
  • #13
  • Jul 15, 2010 2:34pm Jul 15, 2010 2:34pm
Quoting john225
What did you changed in the MM Paulus?
I havnt I have not one of his systems

P
  • #14
  • Jul 15, 2010 3:48pm Jul 15, 2010 3:48pm
Paulus -

Like you, I like to get my hands on as much information as I can. I have purchased from Karl Dittman twice. Both times I requested (and received) a refund. I have also purchased several others and have gotten refunds for every one of them. I had a personal email exchange with Mr Dittman asking a couple of very relevant questions and I can assure you he is a loser.

For anyone out there considering purchasing one of these $47 to $$$$$ priced scams:
1. don't do it - save your money.
2. if you still feel the need to live adventurously (albeit not too "smartly") if you buy anything make sure of two things: a) make sure the credit card processing firm is located in the United States b) make sure you use a "for real visa or master card" - NOT a debit card (even though it acts like a Visa). The processor MUST refund a real credit card, BUT is NOT required to refund a debit card. (Not to mention most real credit cards offer purchase protection which REQUIRES the processor be in the U.S.)

For anybody that believes as Paulus (and I) that going over information (even if most of it is useless) is worthwhile as it just might spur an idea or compliment other information you already have I would be happy to send you (or perhaps post) a boat load (and I mean BOAT LOAD) of Forex Strategy PDF's that I have gathered. (I am not kidding - it will take you days or weeks to get through all the stuff I have.) I will get them all zipped up --- and there may be some duplicates as I have so much of the stuff so please no rantings about wasting your time with duplicates - IF you request it you are admitting that you have some time to waste ;-).

Back to Mr Dittman....you will learn a lot more just snooping around the threads of FF than anything you will get from guys like this.......

My 2 cents IMHO.

jefffxtrader
  • #15
  • Jul 15, 2010 4:56pm Jul 15, 2010 4:56pm
very good post with allot of common sense.

The gems are few and far between in truth although I have 3 systems I'm happy with all created by me 'with a little help from my friends' the one that gives the most pleasure and pips works on just price action.

My biggest fault in trading is not to know when to stop looking .. its a fundamental flaw of mine but one Im willing to own up to... I guess I just like investigating different methods and strategies

Thanks for all the posts I appreciate it

P
  • #16
  • Aug 7, 2010 5:11am Aug 7, 2010 5:11am
This is very informative - 17 testimonials: http://karldittmann.com/karl-dittmann-scam/
  • #17
  • Aug 7, 2010 5:49am Aug 7, 2010 5:49am
nothing wrong with his stuff, nothing has 100% win ratio, but 80-85% can be achieved.
Seek not to change the world; seek only to change your mind about the world
  • #18
  • Aug 8, 2010 7:54am Aug 8, 2010 7:54am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting finally
I bought 2 of Ditmann's products: Set and Forget and his 30 minute garbage.
Both products were an insult to my intelligence.
Dittman is peddling snake oil.
I think he sells crap that he knows does not work.
A total fraud!
I totally agree with this! If ever I come across KD, I will surely greet him with my shoes. He sold me a crap system which is already a no brainer breakout system anyone who has seen a chart knows about. &#*&#*&#(!!!!

He is really a low down garbage who makes "Money back guarantees" on his garbage to get people suckered in.
I have seen the enemy, and it is me.
  • #19
  • Aug 8, 2010 8:00am Aug 8, 2010 8:00am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
I could almost guarantee that the scammer Karl himself wrote all those 17 testimonies in his site. What a low down scum of the earth.
I have seen the enemy, and it is me.
  • #20
  • Aug 8, 2010 9:34am Aug 8, 2010 9:34am
Quoting Jey
I could almost guarantee that the scammer Karl himself wrote all those 17 testimonies in his site. What a low down scum of the earth.
I agree, his stuff is a waste of time. You can find most of his systems on the forum.
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