This is an entry for a Forex product called Forex Steam. The official site for this product is at forexsteam. If you have experience with this product, please leave a short review or comments with your feedback. It will help other users to decide. If you want to submit a Forex product that is not already listed on this site for user comments and review, use the submission form.
If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps. Hi I checked some reviews and performance Pls can you explain the reason of SL usually 20 but some cases 50 or August are you using different setting now?
Thanks and regards Valerio. Just a warning about this EA, I did not heed to previous warning and spent my hard earned on it.
This EA light version is an exact copy of the Euro-Blaster v7. I have put in a request thru paypal to get my money back, so will see how it turns out. Seems to be the same back bone but I am doing really well with forex steam light. Forex Steam is just a junk. It seem like they only showing the best part while the worst part is hidden.
Jacob can you please post your results? I just got this product yesterday and will post all my results from a demo account weekly. Hey folks I was thinking of buying this product, any chance some one can send me some back tests:.
So if your having crao results, try a few different brokers, trust me it makes a big difference. This is another element part of your protection plan with Forex Steam. That aside their live statement looks very good, but getting conflicting reports here. I do know that ForexRobotNation can not be trusted.
If they have to fake their results to get you to buy and you fall for it, then you deserve to lose your money. The only Bot I have ever actually paid for is Forex Megadroid though I have tried loads and the only reason was, I missed the deadline for getting a refund. It does occasionally make a profit but it is so intermittent and slow.
The only EA I have had any real success with is Forex Luger which nobody seems to have heard of and I think is quite old and I was given that by an Austrian friend of mine. If you are on of those lazy traders who wants to get rich using robots you are dreaming lets get real. It uses a very big 90 pip stop loss to gain 10 pips.
It might hit 7 wins and by the eighth trade it has increased the lot size and thats when its pips retrace kicks in but it wont function if the trade continues to go north or south beyond 90 pips. You might have a big smile in your first week but that is sure to be wiped out pretty quickly. If you think you will get support just forget about it.
Thse scammers dont care. They just want you money. If you are still eligible for a refund get it quick and forget your bad dream. Anyone has live results for this EA? Just bought it and turned it on. Lost about 90 pips recently. Just wanna confirm with earlier live account users if it worked well in their accounts. I then tried a 4 digit account and it trades. Has anyone else experienced this. Take a close look at their trading report, for one its not live, heck its not even demo.
This product is a scam. You notice that there is no open trade column on the live trade they have on their web-site. This is to cover up large losing trades. Most others are quite close to those shown though. I am not sure if we can call the system a scam.
Perhaps only time could tell. The publishing of trades is delayed by a full day for good reason. People could just copy the trades if they are published with zero time delay. And MT4live publishing details are impossible to fake.
So stop yelling scam. How can your live trades differ from MT4Live publishing? People just make crap up here, I swear. Also, how can on 90 SL hitting wipe out your account? What are you risking per trade anyway? What is your leverage and balance?
And as you can see from the MT4Live publishing details, all trades match up. It is the newbies making utter crap comments on here. I think either they are truly retarded or have some bizarre ulterior motive. I agree with Jonny. The commentary here is just awful. The people that claim the results are fake are clearly competitors. I use the EA, my trades match up always because I follow their instructions and update regularly.
Just a handful of people trying to bad mouth a good thing, too much of that on the internet. Thanks Guys, For the hype. This is what I call traders Integrity.
My trades match up with theirs every step of the way and because of this system I have been able to increase my trading accounts substantially over the last two years.
Really impressed with the latest version 5. Really happy with the way it is trading! After about 9 months of running the EA with the default settings, I changed the SL to 25 pips and the EA performs very well now, should have done that already when I installed the bot. What I can see is that there are differencies with the brokers. Forex Steam is rubbish EA. It will produce negative result after 2 weeks.
Paul forex steam support will tell you they will never accept refund. But their website stated very cleary that lifetime membership includes 30 days money back guarantee. Hello, my results for April were very good; 31 winners at 10 pips and 6 losers at 20 pips. I will say that my trades do not match up with the MT4Live results exactly. For example, on their last 15 trades, I only matched up on 10 and did not have 5 of the 10 pip winners.
Overall, I like it but I can also see the frustration that some people are expressing regarding lack of response with questions to Paul. He seems like a nice person and has helped me hen I initially bought Steam V6 but there have been other times when I asked questions that were never answered.
I have a question for those who say that their trades match up exactly. Specifically, my question is to Jonny who posted on August 10, 3: Which broker are you using? I was surprised by the differences regarding which broker you use. Steam is still the best system I have ever used. Over the past three months I have made over pips. It is the only automated system that I use today and plan on using as long as they plan sticking around.
I wish that people like Hans on FEB 4th would put the names of the trading platform he uses with such good success so as other people can achieve the same results. It would also help stopping the bad results comments so please get him to supply the names of the platforms and it will make people aware he is not connected to Steam. Steam has been doing very good for me. I am using the new Light 6 Version.
It is worth checking out. Better than the hyped FAPTurbo. I bought Steam a few weeks ago, ran it on a demo account first with VPS, mainly to make sure the settings were right and it was trading.
If it happens again so soon, I will come back and update, and then maybe try changing my SL from 90 to 25, 30, or Cause the risk, i would keep the standard settings like they are at SL 90pips. My tip is to test a few other brokers and see then if the results let show. Someone can report this loss too? Therefore i doubt this software can keep the stoploss settings in general!!!More...