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Forex Steam Eight Review

Review of: Forex Steam

Reviewed by:
On March 17, 2014
Last modified:August 31, 2016


Back with a new update and stronger than ever. Forex Steam 8 provides a winning plan that will see accounts grow quickly in 2014.

Forex Steam is here with the biggest update they’ve had in over a year. I’ve got all the exclusive details so enjoy the show.

With over four years of success the best Forex robot on the market is taking this system to the next level. Easy to use and even easier to install the Forex steam robot has it all figured out in their latest update.

  • 2015 Market Corrections
  • News Filter Updates
  • Trailing Stop Updates
  • Holiday Filter Updates

It’s almost impossible to find a software in this market that is this reliable and provides free updates that guarantee continued success, luckily we have Steam.


Forex Steam Eight Video

forex-steam-big-logoI figured it would be smart at this point to put together a video explaining some of the new features and updates that were provided in this latest update.

This robot is 100% automated and works perfectly with the default settings. Some of these settings are not default and allow advanced users to test and find even more profitable outcomes.

I hope that this in depth video helped you understand some of the intricacies of Forex Steam and the type of power that this software has to offer Forex traders.

Now let’s take a look at my new Personal Test running Steam 8.

Personal Tests:

Steam Tests:

When I use Forex Steam I use the default settings for my personal accounts. When I do testing I test other functions and features but for these accounts you see here, they run the defaults so you can expect these types of results if you use the software.

You will be able to see in the results above that my results are starting to match nearly every trade. I noticed after the first month and a half that both my results and their results started to match up, which gives me added security.

Forex Steam Conclusion

product-box-slideI recommend Forex Steam 100%. This is the one Forex robot that I have consistently been able to use for nearly four years.

There is no other software on the market that I trust this much and that I use for my personal accounts.

If you are looking to start earning in Forex quickly grab my 10% coupon available for the first two weeks of the version 8 launch.

Steam 10% Coupon: FRN-8WX3-FRN

Try Forex Steam


  1. Just bought Forex Steam. I had 10 trades, 8 wins 2 losses. This is amazing for me. I will give more feedback when I”ll reached my first goal. 10k is the first one. Started with a very small account on roboforex.

  2. Hello Admin,

    Do you have or plan on A separate page for Steam 9 or is it continued on this one?

  3. Bought Forex Steam on Friday, No trade yet. I have a question will this robot be detected by Broker. And if so what will happen then?

  4. I would like to know the best broker for USA people which works with Steam EA.

    • I would strongly recommend one of the following: 1. An ECN MT4 Pro account with FX Choice. Margin up to 1:200, minimum deposit is $100 but to use this EA you should probably start with $300-$500. 2. An TALLINEX ECN-PRO acoount. The max leverage on this type of account is up to 1:400. Also, the required minimum to open this type of account at Tallinex is $2000. 3. A REALGOLD ECN account at Forex Broker Inc. Leverage is up to 1:500 and the minimum deposit amount is $100. In general, my opinion is when using EA’s you definitely want to open ECN Pro (fixed / tight spread) accounts instead of classic / variable spread accounts.

  5. Hello, how many trades does Forex Steam do per day? And is there a difference in performance between light-version, version 8 and now V9?

    • Hi Mace, around 1 trade per day, sometimes more as you can see in my results. The best version is the light v9 which you get when you order and all subsequent updates for free.

  6. Bought the robot yesterday. Made my first trade and it was profit.
    Waiting to see the next.
    I want to know if a risk of 15.0 is to large. On default it was 10.0. Should I have leave it to 10.0 or 15.0 is good?

  7. Hi,
    I have tried to buy Forex Steam but after I submited the order I was told to wait so they can verify ( verify what?)
    I have not recieved nothing from them, nor from ForexSteam. Contacted support with order nr but still no response! Can you help? Can I pay some other way? Thanks!

  8. this is best robot, i bought this robot and, traded for a week, and 10/10 won, my take profit 11 , this total 110 in a week. 😀

  9. Last week I bought Forex Steam Robot and installed in my account. My broker is Liteforex. The robot is active, but not catching any trade. My settings are EURUSD M5 and ecn ture. Pl clarify.

    • Hi, if you have a smaller account you may have to increase the risk setting in the EA. The software could be opening trades your broker deems are too small, easy fix.

  10. does it work liteforex broker ? my broker is liteforex

  11. I bought Forex Steam last week. So far the results seem promising on demo. Running the Light only for the time being.

  12. Hi admin,
    I noticed your published test account started with $1000 and .33 lot size which I think equals a 6.6% risk.
    Has that account been using that risk size throughout the entire list of published results — or did you ever lower it at some time to something generally considered more reasonable or less risky?

  13. FOREX STEAM LIGHT is just 2 trades away on hitting the 10 million dollars. Very inspiring 🙂

  14. I am interested in Forex Steam 8. Is it really the best robot? What broker do you recommend? What is the lowest deposit recommended? What is the lot size set for robot to run? Do we run it for multiple pairs or just one pair at a time? Thanks!

    • Hi Ponnara, it is the best robot. I use the recommended broker they provide you with. Lowest deposit, $300. Has built in money management for lot size, just EURUSD is my favorite with this system.

      • Hi, I have limited fund. If I deposit only 100 dollars, does it affect money management in the robot? Or do i need to decrease the lot size accordingly.

        • Hi Ponnara, no it doesn’t affect money management. It would still calculate lot size based on a percentage. You can also just set your own lot size if your prefer.

  15. It’s like I’m here every day now, amazing results:

  16. Hi Admin,
    I would like to thank you about your Forex steam review and discount coupon.The EA is great!

  17. More results, and more steam wins, here you go guys:

  18. Your trade result shows on 18th it took one trade but I have 3 trades. Any idea what could be the reason?
    My broker is not FinFX. All three was profitable. so I don’t mind. Just want to check if I am doing anything wrong or broker could be the reason.

  19. 16 straight wins, it continues, see my results here:

  20. Why Forex Steam does not trade on friday? All days are set to “true” and nothing. I am asking cos it is 4th friday when it does not trade and lots does not change too.
    PS: I am happy with results. 120% during 3 weeks (excluding fridays).

  21. I have just bought and started using the forex steam robot – going to try the light v8.0 on a demo for a couple of weeks to see how it goes

  22. I’m back again and steam continues to be hot, my updated results for you:

  23. i want buy robot but link dont work?

  24. hello. i want buy robot but cant here is erro why? it says.. dear customer we were unable to verify that the information you entered on the order from is vali..

  25. Bought ForexSteam and am inpressed! Great wins with default settings. Took my demo up 11% in the last 3 days. I would like to test the trailing stop function, but I don’t know which settings I should use. Does anyone know how to use the trailing_stop_start and trailing_stop functions? How should I interpret these settings?


  26. Good one 😉

  27. Forex steam has really been masterful lately. I’ve won my last 6 trades in a row. I really like the way that it’s effectively reading the markets.

    You can see my results this month here:

  28. Forex Steam is really doing well for me. I decided to start using trailing stop last month and since I’ve gained $2800 with over 20 straight wins. I approve!

  29. Hi, I have purchased this robot yesterday. But I found my trade didn’t match yours in MT4LIVE.COM
    My ea open 4 trades since yesterday, but yours didn’t open any trade.
    I use Light V8 and default set.

  30. I use the default setting of light V8

  31. I purchased Forex Steam 12 days ago, but is not working properly. It is making 1 trade per day or even 2 days.
    What could be the problem? My broker is FXCM UK.

  32. thx Admin, problem resolved, First trade lost 20 pips hit retrace but I’m glad cause my result exactly 100% match with forex steam site result, I just go ahead straight to live account ECN only different I paid commission,

    Thx again

  33. can you put the robot to only trade long?

  34. Thanks for showing me Steam. I’ve doubled my account in the last two months despite a couple of bumps in the road.

  35. Hi admin

    Pls could you help me in the installation process on mt4. The areas I am told to put certain files are not available on my mt4. Like putting the bank holiday file in experts/files folder. My mt4 has no such file

  36. Dear Admin

    bought v8 on April 23, tried run on my VPS, 1 for Demo non ECN acct and another live ECN, I was register ID account both of them, tried to test on Demo first but acces denied, checck on forex steam site I can not find any make sure my ID registered, How check my ID really fully registred ? pls advice thx

    PS: My VPS London network, I live in USA

    • No issues with their authentication. Try double checking the process. Make sure that once you get access denied you close the chart and reopen it as advised.

  37. Hi admin,

    Which one had you use for steam v 8, I was confused, m30, m5, or light m5 ? your result looking good


  38. Forex Steam is top notch! Took my $1000 account and turned it into $5,000 in 3 months. I hope this continues and I wish you guys all the best here at Forex Robot Nation.

  39. What broker are you using with your Live account?

  40. Steam is very good lately, on a hot streak. I have 15 straight wins right now and the market is trending in the right direction. I can see Steam going on a run that lasts 2-3 months, I’m going to up my deposit to take advantage of this.

  41. Does it work with other broker such as boss capital, redwood , and goption?

  42. I can’t get enough of this system lately. I thought I was done with Forex trading 6 months ago after having a really bad time with the fapTurbo system. I decided with my last gasp of air I would invest in Forex steam and low and behold I did save the best for last. Steam has taken my $1000 account and turned it into $12,000 in 6 months. In order to get these results I traded on demo for one month and did a lot of optimizing. I ended up changing the trailing stop function and enabling it and increasing the lot size once I found a winning strategy. I recommend everybody spend some time optimizing the software and you will be rewarded greatly.

  43. is forex steam placing trades for you guys still because mine stopped for about a week so far, and was working beautifully before, not sure if it is me or the market?

  44. hi, my name is john and i just started with forex stream. do any one have any suggestion that i can put for my TP and SL? thank

  45. Hi i forex steam is awesome , i had to do a little tweak but its giving constant winners , 13 winners so far, and all i had to do was to add a trailing stop loss.

    • First 4 trades and i am 4 for 4, in the money 🙂 . I’m using the defaults, no trailing stop, leaving stop loss at 90 and retrace left on.

    • Alejandro;
      why the tweak needed?

      • i did the tweak of adding the trailing stop loss, because it has happened a lot of times that i put a tp of 10 pips and it gets to 8 pips and it goes down all the way to 90 pips minus, so i put a trailing stop loss so that when it reaches a profit i do not lose that profit

    • I started up Steam few days back with four consecutive wins, and now my first loss yesterday evening.
      I use the defaults but with one exception.
      I have moved my stop loss in at 25 instead of default 90, i can live with 2.5% percent loss but not 9%.
      I worried that the retrace (20%SL) may or may not kick in as a secondary stop loss. I just don’t want to take that chance that the retrace feature does not stop me out. I try to avoid high risks. -Larry

  46. Forex steam has continued to produce good trades for me over the past two months. I am now using some different settings than the defaults. I have started using the trailing stop function, I suggest if you are looking to take your trades to the next level with Steam that you do the same.

  47. Admin, who is the broker that you are using for your testing account above?

  48. Hi, I recently purchased forex steam light. Are you using the default value?

  49. What is your setting? What you put for TP, SL?

  50. do you personally put it on auto or manuel?

  51. Forex Steam is making me about a thousand dollars a month on my $5000 account. Really happy with this rate of return. Might try using it on different pair soon to see if I can make even more.

    • I contacted developer from steam and they do not recommend other currencies, sighting its untested on other currencies, probably best to stick to what has worked for them.

  52. Hi
    Is anyone willing to share their trailing stops here?

    • Set take profit higher, so something like 100 then set a trailing stop to start at 10 and to stop at 10, that would give it quite a bit of room to breathe.

  53. Hi Desmond,
    Congratulations! I guess you are using the light version with standard settings.
    Can you give as your broker name please?
    Thanks a lot!

  54. The best robot on the market. I took a demo account from 1,000 to 20,000 in two months. Put it on my live account and took it from 1,000 to 10,000 in 1 month and 2 weeks, unbelievable performance here. Robust software.

  55. can you make a success guide for forex version 8 ?

  56. what is your primary software that you use beside forexstream?

  57. I was wondering does it trade for you like does it autotrade for you even if you not on the computer?

  58. what asset do you use?

  59. Can you tell me what you in the setting?

  60. p.s is it safe to use with other currency pairs, or should we just stick with eur/usd?

  61. Hi All, i’ve just recently purchased Forex Steam V8, it hasn’t made a trade all day pretty much, nothing tonight (AUS). What determines trade frequency? do the settings impact the trade frequency etc?

    Thanks for any tips.

  62. Forex Steam continues to impress me. The only Forex robot I use. I dropped my TP down to 8 and that’s been helping me get out with wins even more, 35 straight wins with that one little tweak.

  63. I bought Forex Steam this week and I only got two trades, why is that? Is it going to get better? Thanks

    • Yes, you will get more be patient.

      • I finally found out why my forex steam was not taking any trades. I had it working on multiple charts while the “magic” number setting was the same for all charts. Once I set a different number for each chart it starter trading like crazy. Also, I had set mm=false and I set my own lots..(I don’t know If that also made a difference or not), but now its working great.. no losing trade so far!

  64. I see last week was tough but I’m sure Steam will bounce back, always does. Especially after a losing week, I’ll increase my risk a bit to pick up some easy wins. Still up over 200% this year.

  65. Still my favorite robot, and always will be, keep it up Steam!

  66. This is the only Forex robot I use and probably will be the only robot I ever use. A real long term winner. Use trailing stop if you want to take this thing to the next level.

  67. Really good start to 2015 with Steam. Glad I restarted it after the holidays. I doubled my account in one month!

  68. i bought forex steam last week, and it only made 3 trade, all wins.i think i’ll have to wait and see for more

  69. Long time user of Forex Steam here. Still my favorite automated Forex software hands down. Great updates, great support and great account builder!

  70. can steam robot work on micro account of 50 $. thanks

  71. Anyone can share a good setting on version 8 or just leave it default?

    • hi josh, I can see from your trade history that you’ve included other pairs with quite good results …can you please share your settings, pipretrace, stoploss, takeprofits and all, Thank you.

  72. hello, I had just purchased the forexsteam software but I’m unable to access the membership area, I had followed the sign-up link but it has been unsuccessful even after inputting all my data correctly..any way out please? thank you.

    • I’m sure they’ll email you. Check your junk mail they probably already have.

    • Hi Sammy,

      I also have this membership sign up problem. I click on the link that was emailed to me & did the sign up but I still unable to login the membership area. Keep prompting me “ERROR: Invalid username.” when I try to login using the username & password that i created.

      Is your login problem solved? If yes, how do you/they solve it?


  73. Now i’m running 30 TP and 50 SL with trailing SL start at 8 and trailing stop 3.
    I’m ok with just 3 or 4 pips some days and others it’s over 13pips. keep TP big i say but tight SL. Is anyone else using pipsretace of 20 or other value? I can’t seem to trade anything other than one pair.

  74. Still my favorite system hands down. I heard they will be giving us a version 9 in the near future as well so I’m excited for that. I’ve tweaked the settings a little bit too. Using a lower TP at 7 and an SL at 110, may seem risky but I put a 45 win streak together and the retrace function is active so that saves me from getting the big loss.

  75. Time to resume trading, holidays are over! I am running Steam light V8 with a TP of 8 and an SL of 80. Been having great results with this setup for some time. I really want to get into the trailing stop this year though. I’ll let you know how that goes, started the tests up on my Forex VPS today.

  76. Loving Steam. Just grabbed it in October and I’ve doubled my investment in 2 and a half months. This thing is a real winner. Thanks for the review.

  77. Hello Everyone, Can
    anyone kindly provide any latest results for Forex Stream 8. I will really
    appreciate as I am interested in purchasing this system. Thank you.

    • forexrobotnation

      They were on a holiday shutdown for a couple weeks but they will resume with results this week. Just go back a couple weeks to see how it trades. Still works great.

  78. Stefan
    Thanks for the response. Have you tried the EA and how are your results?

  79. forexrobotnation

    Slow month but with a free update to version 9 around the corner we can expect great things moving forward from Steam. Always a good idea to add a low risk tool like this to your trading arsenal:

  80. What strategy does Forex Steam uses? Scalping or a different strategy?

  81. Want to discuss the profit results per year the forex steam robot has made.
    I have added all profits of the last 3 years after the forex steam demo account. Here you can see the overview of the profits:

    Profits per Year in Pips:
    Total: 2794
    Average per month: 232.83

    Total: 2405
    Average per month: 200.42

    Total: 1953
    Average per month: 162.75

    After this statistic you can see the profits got less year for year. I don’t understand that because the versions got better like the filters. The profits should increase. Please make your comment what could be the reason for that less profit.

    • You’re right. But my question was more if the profits lie near a real account why have they decreased year per year although the software is getting better with the bank holiday filters for example. That makes me a little bit sceptical!

      • forexrobotnation

        Don’t be skeptical, it’s just becoming more cautious over time. People want less risk and so they give less risk. Makes it a smarter long term option.

        The software in 2011 took a lot of risky trades and often got lucky. I saw it many times get away with poor entries.

        There is no part of this software that is based on luck anymore, it is all very calculated and much better.

  82. Testing some new settings for Steam that have proven to be quite successful. Here they are free of charge:

    mm = false
    Lot size = 0.2 – 1.4
    max trades = 1
    SL = 50
    TP = 8
    RetraceExit = true
    PipStick = 40
    PipsRetrace = 45

    Thanks to a successful Forex Steam member for providing these, at one point I had 30 wins straight with these.

    • Here is proof of success with this new settings package in 2014.

    • Hi,

      Is the settings above for the light of normal fxsteam version. Do advice. And how has this new settings proved over the last 2 months since you posted the settings and screenshot. Would love another screenshot of current earning. Thanks in advance and I appreciate all your insight and help 🙂

      P.S : I’m really considering purchasing FxSteam, just awaiting your current performance reply before I make my final decision and sign up through your link. Thanks!

      Edit #1: After reading further, do advice on the currency pairs you used, the TF that provided the said results.

      • Thanks Stefan for your reply. It really opened my eyes up regarding the ‘truth’ behind FRN and FxSteam. To FRN & FxSteam, shame on you guys. Remember, what goes around comes around. You might be on top right now cheating people off their hard earned money, but one day you’ll definitely be down and others will cheat you in the same fashion. Then you would have a taste of your own medicine.

  83. I use the ea forex steam now for a few monthes and i am happy with it in total. But i wonder now how long is the guarantee of this ea? Can you answer it? If the site would close and the product isn’t more available can i still use it? I have bought the product afaik. So i should could use it as long as i want.


    • No worries Chris,
      All we can do is reap the rewards now and take a day at a time. Tomorrow isn’t promised to anyone.

      Happy Trading

    • The product will always be available. If you are not using a license then it is added back to your account. All this is from the FAQ on their site.

      • Ok ok, you also can’t say more. You can’t guarantee if your site would close that the customers will get the ea unlocked. I only can hope so the product will move forward still a few years.

      • I don’t really understand with your statement, “If you are not using a license then it is added back to your account.” Can you explain that statement in other words?

        • forexrobotnation

          Hi Ismail, I’ll make it simple for you. You have four accounts, if you have three versions of steam running at the same time you have one account open. If you stop using two accounts then you have three open.

  84. Make sure to update your Bank_holiday file! It was released earlier in the week.

  85. Are the results above(and past) just from the “Light” Version of Forex Steam? If not; is there anyone having success with the Normal version? What settings for it?…

  86. Hi, I just got Forex Steam 8. Are you using default settings for your test or what settings is working for you?


  87. Do you recommend turning it off between 16th of Dec. and 6th of Jan. as in last year with version 7?


    • It depends on if you can handle the risk. I’ve been keeping an eye on mine to make sure that it has been trading well.

  88. Helo, i want to accquire one of the Forex Steam robot but my payment system in Ghana is not going through.. It seems the paymemt through MyCommerce system is not working. C an you help me to get one

    • Hi Fred, smartest thing to do would be to email Forex Steam and ask them. They will give you another option if possible. MyCommerce can probably help you as well.

  89. Here is a screen shot of the most recent results using version 8. Very strong.

    • Do you run these tests on demo or live accounts?
      Results look pretty solid, though 🙂

      • forexrobotnation

        Run them on both. Here is a screen shot from the new year using version 8.

        Just added this today.

        • Looks good, keep the updates coming!

          • Very impressive. In line with the results I’m having. Let’s hope the new years continues like this, paying for all my Christmas bills! 🙂

          • Which broker do you use for your testings? I only can say there are a few brokers quote worse results than finfx. That is very strange. Don’t know on what it lies if other time zone or the broker itself kicks you out the profit trades. Hope you can post your broker to make it a good trading ride! 🙂

        • Nice, will definitely try this one out!

  90. Version 8 is working great so far. Also love the new look of the website!

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