This time we’d like to talk about the Forex Steam robot. When we go to the manufacturer’s website, we are surprised to notice that instead of a beautiful robot box, we are offered to look at a photo of Manhattan, like on the WallStreet EA’s background. The devs convince us that this is a very popular adviser that is used by at least 10,000 people, which makes a subtle hint that it is terribly beneficial.
Detailed Forex Steam Review
So, what’s up with it? The devs tell us that they develop various kinds of products for the Forex market during at least the last 25 years. “We have been able to outlast every other system in the market during our time by updating the software frequently and staying ahead of the curve. We know that Forex trading isn’t static so we continue to develop the system and add new features,” they said.
What we’re offered: quick and simple-to-go installation process, the patterns that are optimized all the time, 4 licenses (demo + real ones), some features which are easy to customize.
It’s the total profit chart.
Forex Steam Strategy
The forex robot has got “Advance Retrace Technology” which is a kind of a money management system that allows us to secure wins and set stop-loss up. That system runs with low risk allowing traders with any skills not to lose more money than set. The holiday filters let traders avoid unpredictable market moves to save the deposit and stop trading, The spread filters allow the robot to get in trades only with all the conditions are met. The trailing stop feature is the feature that works with moving stop-loss system allowing get more profit for every trade.
Which trading results does Forex Steam show?
Forex Steam doesn’t provide any proven results on the real account just backtest data.
On the backtest one of the robot trade EUR/USD currency pair and could make $8400000 from $1000 deposit since 2010.
The fx robot costs $120 for the lifetime membership. The package includes all versions of Forex Steam, free updates, 4 licenses.
What else you should know about Forex Steam
Forex Steam is able to perform on the MetaTrader not only 4 but also 5.
As well, provided rates show us that the strongest parts of the robot are: MQL 4/5 language applying in developing the robot (93%) and high profitability across the other robots (94%). Forex Steam has got good risk-reward management (84%), updating system was rated by 87%, working with people rated on two categories: customer support (82%) and guides and installation videos (83%).
We’ve noticed that if the robot can be applied on the MetaTrader 5, not only the MetaTrader 4 it’s probably a good EA to try.
Forex Steam has got some reliable future to run like the retrace technology which is a kind of money-management system, advanced holiday filter, that allows us to avoid unpredictable market moves, spread filter, and trailing stop and break even, which helps us mode our stop loss behind the trades.
Summing up, we think this robot can be an option to try it at least on a demo account to collect real data about its performing.