 About Steve Griffiths
Steve Griffiths started professional life as a Mechanical Engineer qualified
to U.K. degree level. Dissatisfied with engineering, however, he started
trading privately in 1987, managing his own trading fund. Over time, his
main focus shifted entirely towards trading and he left the engineering
profession in 1988. Steve then concentrated on professional trading, generating
trading profits as his main income source.
Over years of extensive research (combining his engineering and mathematical
background) into trading programs and techniques, he discovered what worked
for him in his own trading. Finding an 'edge' in real day-to-day trading
was the main quest. Steve realized that although back-tested and complicated
analysis techniques were freely available, typically they promised more
than they delivered. A simpler, consistently focused approach to trading
often produced better results.
As Steve's trading career progressed, he became more involved in supporting
other traders, especially trying to trade Elliott waves - in particular, running the Advanced GET™ usergroup
in 1997-1999. Steve also represented both Advanced GET and Dynamic Trader
in the U.K., and wrote trading reports for Dynamic Trader in 1999-2000.
Whilst holding both programs in extremely high regard and respecting their
founders' achievements enormously, Steve was concerned that they would
not deliver the tight, focused Risk/Reward approach to trading he personally
needed. He felt similarly about many other well-engineered programs he
tested such as ELWAVE, WaveTrader™ and TradeStation®.
This became the core of Steve's research - to discover and refine the
most reliable techniques into a simple, profitable trading process. It
was by stripping away over-complicated analysis, avoiding forecasting
that such an approach began to emerge. Going back to basics, the aim was
clear: to identify a high probability trade set-up
- allowing trade entry with a small, controlled risk
- then applying simple, consistent trade management techniques
- to yield trades that, on average, deliver profits far in excess
of the losses
Trading then became a matter of being able to consistently find, assess
and manage these trade set-ups.
In 2001, after over 15 years of research and development, Steve Griffiths
released the MTPredictor™ software program. Unlike many other programs
available on the market, trade identification, risk analysis, position-sizing,
trade management and ease-of-use are the main focus of MTPredictor. Many
software programs offer a plethora of analysis tools and techniques. However,
Steve believes that the most important aspect of trading is a simple, tight
approach. The ability to identify a tradable opportunity that allows entry
into the market with a small and controlled risk, backed by a strong
Risk/Reward profile, time after time, is paramount.
MTPredictor achieves this - it allows the trader to focus entirely on the
best low risk/high return trade opportunities and, more importantly, the
easiest and most reliably identified - without the confusion caused by other
technical approaches and programs.
Steve Griffiths has written and contributed articles to many publications
and associations, including Technical Analysis of Stocks and Commodities™
(US) and the Society of Technical Analysts (UK).
He has appeared as a guest presenter on CNBC Europe television.
Please click here to see some of his live
calls on this program.
Steve Griffiths has also presented many trading and teaching Seminars .
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