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Depends on how many trades you let it trade at once. If you only let it trade one trade at a time the drawdown will always be very low. I have MM set to true. I only let it take 1 trade at a time. I need a higher margin. All in DEMO at first of course. But I need a broker that will allow me to do this in the future. I also have other combinations of the settings in other DEMO accounts. Check your junk mail. Steam support answers messages very quickly, and likely have already responded to you.
You will be emailed complete access immediately, automatically when you purchase. So, check your email thoroughly. Your email address will not be published. This site uses Akismet to reduce spam. Learn how your comment data is processed. Contents 1 Forex Steam 10 Review 1. For more advanced traders, they can quickly optimize and configure the software to trade to their unique specifications.
You will see in my tests here that I focus on the Forex Steam Light version. This is my personal preference because I am a cautious trader that likes to grow accounts steadily over time. The software package also comes with a normal version for no extra charge and there are no upsells. Summary A long running favorite of thousands of traders, the Forex Steam robot is known for being cautious and keeping a high win rate.
Overall 4. Comments Rating 0 0 reviews. Cons Risk reward ratio Untested on additional pairs. Patrick Ryan. Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested. Dan November 22, at pm. Patrick Ryan November 23, at am. Dan November 23, at am. Patrick Ryan November 18, at am.
Patrick Ryan November 15, at pm. Patrick Ryan November 17, at am. Jameel November 17, at pm. Jameel November 18, at pm. Kevin Turner November 12, at am. Patrick Ryan November 12, at am. Patrick Ryan November 12, at pm. Tony November 11, at am. Patrick Ryan November 11, at am. Felix November 6, at am. Patrick Ryan November 6, at pm. Felix November 7, at pm. Patrick Ryan November 8, at am. Wensen Zhu November 15, at am.
Dang November 2, at pm. Patrick Ryan November 2, at pm. Raks November 2, at pm. Dang October 27, at pm. Patrick Ryan October 27, at pm. Raks October 25, at pm. Patrick Ryan October 17, at am. J kim October 16, at am. Patrick Ryan October 16, at am. Rai October 3, at pm. Patrick Ryan October 5, at am. Rai October 5, at pm. Patrick Ryan October 6, at am. Rai October 23, at pm. Christian Bolduc November 3, at pm. Patrick Ryan November 5, at am. Rai November 14, at pm. Patrick Ryan September 21, at am.
Felix September 20, at pm. Patrick Ryan September 20, at pm. Jack September 19, at am. Sven Engelmann September 26, at am. Jeff Taylor September 26, at pm. Fadi September 9, at am. Patrick Ryan September 9, at pm. Fadi September 9, at pm. Patrick Ryan September 8, at pm. Patrick Ryan September 9, at am. Felipe Perez September 8, at pm. Felipe Perez September 8, at am.
Patrick Ryan September 8, at am. Patrick Ryan September 6, at pm. Patrick Ryan August 29, at am. Patrick Ryan August 30, at pm. Siim October 24, at am. Alan Ngoh August 27, at am. Patrick Ryan August 27, at am. Billy August 16, at am. Patrick Ryan July 29, at am. Aledelsur July 25, at pm. Aledelsur July 24, at pm. Patrick Ryan July 26, at pm. Aledelsur July 26, at pm. Patrick Ryan July 27, at am. Aledelsur July 27, at am. Patrick Ryan July 28, at pm. Aledelsur July 28, at pm. Aledelsur July 29, at pm.
Patrick Ryan July 29, at pm. Aledelsur July 31, at pm. Esat July 20, at am. Some customers have complained that they had not gotten a timely response while another customer claims that the software did not deliver the expected returns. However, most of the reviews are positive and there is always a chance that one or two customers will not be satisfied. The only time I see negative reviews are from traders that give up after a couple weeks or never set it up correctly in the first place.
This is more than many other forex trading robots. Most forex trading robots will start to show sign of slowing down after the first few months and many disappear in a year. However, the fact that this site has managed to stay competitive in the forex markets shows that it is legitimate. They provide verified contact details and they have also attached verified trading results. Another positive aspect of this site is that they have a consistent stream of positive reviews.
This always shows that the site is legitimate and the software is working. It is relatively easy to use their software as they have provided detailed guides and tutorials. In case of any issues with the developer, you should contact them immediately. Forex steam Review Forex steam is basically a trading robot. Unlike many scams in the name of Forex trading, this software has to be purchased. This is another positive sign as it is only fair that the maker of a legitimate software earn some profit on it.
It also means that you are unlikely to get scammed. You can download the software after purchasing it and they will provide free guides on how to install it. There are features that can be customized according to your trading preferences. We appreciate that the system allows traders to test it, and make adjustments to the parameters. There are thousands of traders all sharing their different approaches to the software, and this is great to see.
It goes to show that Steam can be used in so many different ways. Customer Feedback The web if filled with reviews of Forex steam. In fact, there are a few negative reviews, but these are not common. Conclusion Forex steam has been around for more than 10 years.
Many of these were verified through an external trading site. Leave a Reply Cancel reply.
This is a unique feature that no other robot on the market has been able to replicate despite trying. I trusted this robot 10 years ago, and I trust it still to this day. So much so, that we are now completely in control of the operation and using all of our knowledge, resources, coders, analysts and experts to make it better.
I have full confidence in the EA, and know for a fact that we will continue to update the software for many years to come. A long running favorite of thousands of traders, the Forex Steam robot is known for being cautious and keeping a high win rate. Hi Dan, it will be different for every broker.
So, you will likely just want to monitor the spread to get your answer. Does anybody know what settings are used for the trades page on FX Seam homepage? Hi James, these are running on defaults currently but with a tighter max spread than the provided in default settings.
Thanks for your reply Patrick, but in the max spread the input is set at by default so, does this mean its a 1pip spread or do i need to change this to just 1? Hi Jameel, at this feature is basically turned off by default. So in order to enable it you will want to lower the max spread to a tighter number to your actual spread. That way, if the spread spikes, Forex Steam will choose not to trade, avoiding unnecessary volatility.
I see, so at by default means it off, which i change to 1,2,4 in pips and so on as i prefer? You will want to start on demo for at least a couple weeks as you get acquainted with the software and completely comfortable before going live. I appreciate that Kevin, should be making some more changes soon to let clients provide their reviews as well, but not exactly sure how that will work.
Can someone send me their settings for FS please? What is the best setting for you, Patrick or others members? Thank you for your time! This feature helps avoid the larger stop loss number, and cuts losses at 20 pips instead. Somebody can help me to setup well in the demo account? I want to setup in forex steam the winning trade.
I want only one setup trade evry day for evry single pair. Stop trade after winning trade. Hi Felix, Steam will keep placing trades based on available winning market conditions. If you want it to stop trading after a single win for that day, you will have to turn it off manually. This is a click of one button, and is easy to do. If you think that 1 trade per day is best for the strategy, we can look into that and see if it works as a new feature for the software moving forward.
I hope you continue to flush it out and keep seeing positive results. What is the best setting for the forex steam normal? I stick to V10 Light, which is the main version of the software. Can i use Loss recovery trader beside Steam to cover losses? Would be better results? Anyone have expirence using Loss recovery trader beside Steam? It would not be necessary to utilize another robot in conjunction with Forex Steam.
Steam opens one trade at a time, and thus has no difficulties in managing open orders. No losses. Amazing robot. I think this ea forex steam my first and last. More power FS. My settings combination from support and from my experiences in trading forex. Happy TP hit!
In my experience about drawdown is pips. But the market back to main trade and hit the profit. Hi Rai, on an account like this you would likely want to withdraw your funds from time to time, to avoid a crash. Do you have this account on Myfxbook? Hello Rai if i may ask, whats your account balance with STPL a wrong trade of 10 might close your account.
This is update. My set up and ea strategy best tandem. Try demo first. Somebody can provide number of maxspreads of default setup of forex steam restrited strategy Sl 60 Tp 6 Time Europe time spain. ECN :true retrace: false Forex steam V10 light. Generally, you want the max spread to be tight to your actual spread. So, it will be different for each trader. Magic number different on each. Another question, do you know if there will be a release of Forex Steam that can function on Android MT4?
Hi Fadi, this is not possible for any robot at this time. The platform itself would have to change to allow it, not the robot. Yes Fadi, you will always want to start with the lowest amount of slices and upgrade only when necessary. Wanna say that testing Steam on Demo is great, it has losses but its doing way better than most EA i tried.
Do u set it proportionate to ur spread indicator like if its says 7, u set maxspread to 7 too?? I monitor the spread of the account throughout the day to see how it moves and then set it around the average level.
Hi Felipe, there is also a pip retrace at Hi Felipe, it will work with all assets in MT4 or MT5, but we have our best success with the major pairs. I have not tested Steam thoroughly on other assets though, so there is likely potential there. Yes, there is built in money management that does this for you. I think this is the biggest community with thousands of comments here. You should probably demo trade the same account size as your live account first to get a feel for it.
The robot has been trading for 10 years on thousands of accounts. There has to be an issue on your end. Also try emailing support support. Steam is easy to install and use, I am no good with computer, but I have 4 account running all trading.
Just watch the easy video. Then, follow the video on how to install it. What type of account do you use? This option is available, but at this time it does not trade Fridays. Yes, but I only recommend 1 pair at a time for new traders. Depends on how many trades you let it trade at once. If you only let it trade one trade at a time the drawdown will always be very low. I have MM set to true. I only let it take 1 trade at a time. I need a higher margin. All in DEMO at first of course.
But I need a broker that will allow me to do this in the future. I also have other combinations of the settings in other DEMO accounts. Check your junk mail. Steam support answers messages very quickly, and likely have already responded to you. You will be emailed complete access immediately, automatically when you purchase. So, check your email thoroughly.
Your email address will not be published. This site uses Akismet to reduce spam. Learn how your comment data is processed. Contents 1 Forex Steam 10 Review 1. For more advanced traders, they can quickly optimize and configure the software to trade to their unique specifications. You will see in my tests here that I focus on the Forex Steam Light version.
This is my personal preference because I am a cautious trader that likes to grow accounts steadily over time. The software package also comes with a normal version for no extra charge and there are no upsells. I then tested another broker and then the robot works. A very good EA A serious team Some very good gains I hope that in 20 years they will always be there for us and not withdrawn their island. I rated this system as excellent which is "far better than expected.
I read online multiple positive and negative opinions. Wasn't sure who to believe so I just tried it for myself. Happy that I did, I am gaining about pips per week on my live account which exceeds any other tool I use.
Hope they continue providing updates and value for years to come. I am still using Forex Steam and I am happy to hear that the release of version 7 was just announced. I had a tough couple of weeks but the last few months have been excellent so nothing to worry about. I plan on using the holiday filter and even the time filter to customize Steam a little bit more to fit my schedule and when I feel the market is going to be the calmest.
I find Steam works extremely well when there is very little movement so I try to monitor weekly expectations of the pairs I trade that week before setting it up. Keep up the good work. Sure you have your typical ups and downs but this is part of the process, anyone who is not seeing the same must be having user issues as the platform is bulletproof in my experience. I have recommended this to many of my peers all of which are pleased.
I never thought I could say this in the FX market but this actually works. There was a point when I was using others and had almost given up on the whole process but then I figured why not I will give this Forex Steam my last shot and have never looked back. I am actually quite pleased with steam. I've used steam for just over 2 months now, and honestly I think it's the best E.
I have been using Seam for about two month on my live account and three month on my demo account. Now, think about it, would I still be using it if it didn't make money? So, I am not quite sure what the negative feedback is about, but what ever it is, I am sure guys behind the Steam can sort it out, just have to stick to what they say, or maybe someone is trying to damage Steam's reputation so that they can sell something of their own.
The strategy that they have built in to this robot is great and now Steam 7 is even better it takes care of bank holidays and news when the market becomes more unpredictable. I tend to follow the market my self as well and not leave it on its own, but I got to say Seam predicts the market very well. So far my live account grows every week.
I have had losses as well, but that comes with trading which ever method or strategy you use. Also, got to make a habit of checking their website every day for new Steam updates and warnings about choppy market. Keep up the good work Steam, I like the name as well it is awesome. Thank you. Hi Guys just wanted to pop in and toss my 2 cents in the proverbial bucket here. Now,I have been a actively trading for over 17 years now and would be considered..
That said, this amazing tool has shed some new light and opened extended my trading options. First I am not a big fan of Bots or automation in general but this little program has mad me a believer. Usually I'm a bit Leary about re recommendations but I decided to go live with their suggested broker and let me just say I was and still am extremely pleasantly surprised with the results. Now as with most things of this nature there will be a few set-backs but to date those are by far out numbered by the upside.
I recommended this product to several colleagues of mine both because I trust the product and to be honest and I hope they don't see this-lol Had a few questions and concerns in the beginning but this support team was right their to help me navigate through these minor issues and I want to thank them for that. You Guys are Awesome. This is the real deal! I'm running it live with their recommended broker and it pumps out winning trade after winning trade.
I am running the Steam Light version 6, using all default settings, and am NOT using some of the more advanced features that are available but am happy, happy, happy. How happy? In the next couple of months, I will be able to quit my job and just let Steam run.
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