ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor 
Forex Steam, is one of my favorite creations. This trading robot is fresh and new with an update built to take profits to a whole new level. I’m proud to have put together this talented development team and today I’ll be telling you everything you need to know.
Just a few months ahead of our astounding ten year anniversary, the Forex robot that continues to grow accounts better than any other software on the market is providing a free update. Let me get started here by telling you what I’ve included in version 10 and what we can expect moving forward:
- Major Market Updates for 2022 and beyond
- Trailing Stop optimization for better usage
- Risk/Reward adjustments
- Max spread for avoiding bad trades
In this analysis of Steam, of which I am the owner/creator, I will be reviewing the features, results, client feedback and much more.
Current Forex steam members can go to the members area now to download the update for FREE. Non members, I have to tell you, this is a great opportunity, and a seamless way to create passive income.
Contents
Forex Steam 10 Review
It’s really quite surreal to me that the Forex steam robot has been successful for almost 10 years now. When this software hit the market I was extremely skeptical about Forex robots and never thought they would work for me. I’m happy to say now that 10 years later Forex steam has hit over $1,000,000.
It’s crazy to look around the Forex robot community and see how many robots have hit the shelves, failed and disappeared. Yet, our team at Forex Steam continues to provide free updates to make sure that the software is profitable for clients and proves to be both trustworthy and reliable in any market condition.
Strategy
As the software changes, so does the strategy and the techniques to use the software. Many traders now use Forex Steam as a time-restricted scalper, which is proving to be an easy and stable way to grow accounts. While many other systems attempt to over-achieve, Steam is always using a balanced risk profile to keep risk low.
There are many different parameters, all of which can be adjusted and tweaked to make the system fit your trading style. That being said, we prefer the default setup with very few changes.
If low-drawdown is an interest of yours, the EA only opens 1 trade at a time, so the max possible drawdown with default settings is 10%.
Indicators
While most scalpers rely on very few Forex indicators because they want as many trades as possible, the Forex Steam robot is much more specific. It is not reckless as most scalpers are, as it’s evolved over the years to include many different rules that need to be followed.
Here are a few of the Forex indicators used by the software:
- Standard Deviation – which helps determine future volatility.
- ADX Trend Strength – for ensuring the robot trades during ranging market conditions.
- Moving Average Convergence Divergence – utilized to help the robot follow the trend.
- Stochastic Oscillator – for momentum analysis.
- Relative Strength Index – used for technical analysis, measuring the magnitude of recent price changes.
- Williams %R – which is another momentum analysis tool measuring overbought and oversold levels.
With each indicator serving a direct purpose in conjunction with the other indicators, it’s a very complex trading strategy.
The robot also includes different proprietary indicators that have been added throughout the 10 years of development. Most of the proprietary tools are used to deal with small market shifts that happen frequently. The foundation of the Forex Steam approach is built around the core indicators.
Parameters
Forex Steam also comes with over 30 different parameters that can be adjusted by the client at any time. Most traders refer to these as the settings.
I’m not going to bother going into ever single parameter as they’re all discussed in details on the about page of the Steam website.
It’s just worth knowing that the software can be customized to meet the specific needs of each trader without much difficulty. The most common changes to these settings are in adjusting the max spread feature lower which helps avoiding volatility, and restricting the time the software trades to ranging markets.
Client Feedback
As is the case with any robot, there are going to be detractors, but over 90% of the comments and feedback for Forex Steam is positive. Every once and a while we come across a bad review, and these are generally from traders with little experience or little patience. We have also found many fake negative reviews from affiliate marketers with no trading experience just trying to compete and sell their product instead.
Just take a look at the rankings the Forex Steam clients are providing to see for yourself:
There are many Trustpilot reviews showing how happy the average client is with the EA.
This does not mean that every client is happy. In fact, there are complaints about how difficult the software is for new traders, and that there are not enough different set files provided. These are two aspects that have been brought up at recent meetings, and will be resolved.
No robot is perfect, but with the right customization, you can find yourself with a long-term winning machine.
Steam is rated incredibly high by it’s clients, and a big part of that is the fast response to all customer support questions. Don’t believe me? Email support yourself and see how helpful they are. By far, the best support in the robot marketplace.
Forex Steam Results
I’ve been very successful thanks to the Forex Steam software and the way it approaches entries is far and above any other software currently on the market. I truly believe that since the development team is so active that this ever-changing strategy will be fruitful for at least another five years.
Personal Tests:
This active test shows that our accounts are matching up with our clients which gives me the added confidence to deposit more funds on a monthly basis. The software can take a month or two to match up completely as there is a learning process in the software that makes adjustments based on the market, the leverage and the brokerage being used. This is a unique feature that no other robot on the market has been able to replicate (despite trying).
Forex Steam Conclusion
Forex Steam 10 is another move in the right direction.
I recommend this system to all of my readers 100%.
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.
You really can’t go wrong with Steam, as it is one of the cheapest options on the market, and the longest running. 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.
Forex Steam $117.99
- Pricing
- Strategy
- Trading Results
- Client Feedback
- Customer Support
Summary
A long running favorite of thousands of traders, the Forex Steam robot is known for being cautious and keeping a high win rate. The “light” version of the software is a steady gainer in both MT4 & MT5 with any brokerage.
Overall
4.2Pros
10 years active Proven performance record Multiple EA’s in one package 4 licenses Very low price
Cons
Risk reward ratio Untested on additional pairs
Iโve recently purchased steam and have been running for a week with good results. I noticed on Wednesday it placed a trade that wasnโt shown on the forexsteam or FRN mt4feeds. Why would that be? Iโm using the default setting. Thanks, Ross.
Hi Ross, my trades are in line. Could just be broker difference, latency, spread, there are going to be small differences between your account, my account, and other client accounts.
Pls which broker are you using?
Hi Vitalis, the broker in the members area.
Hi Admin,
I recently updated the Forex Steam to latest version 9. Since then I do not have any trade.
This week so far also zero trade. I’m using default setting with news filter – true.
May I know how to make it trades again.
Thanks
I would set news filter to false. I would also email support, they are the best at support questions.
Pls what’s the best leverage to use for $500 deposit with Forex steam?
Any leverage will work Vitalis, the leverage won’t change how the EA trades.
Hello All,
I am a month into my Steam experience and it’s working great so far. I did have a question for those of you who have been using it for a while. Has anyone tested out any of the following features?
– Pip Retrace
– Trailing Stop
– Hedge
Reading through the comments it seems that most are using the default settings with great success. I just wonder if there is even more potential to maximize on the EA leveraging any of the above features. If so, what inputs have you found success with ? Thanks!
Retrace is on by default. On some setups I use retrace, on others I disable it and use trailing stop. I haven’t found much use for the hedge, but I do appreciate that it’s provided.
Hi admin! What should I do after paying for forex steam throught paypal link?
Hi Alex, you get immediate access to the software, unless you go back to your PayPal account. Then you need to email Steam and they’ll give you, your personal registration link.
demo account licenses are counted or it’s free and unlimited licenses for demo accounts?
Demo licenses count. They can all be reused and changed though whenever you like.
if i buy your Steam version 9 can its same work for me . can i open same broker account as you show on site.
what is link for open same account as you . i need link for open a new account same as your working.
Hi Khalid, yes, you purchase from the official Forex Steam website for access. Then you will get everything you require in the members area.
Good Evening All
Ron Miller Here.
This for Admin to answer but all are welcome to put there 2 Cents worth in. This is what I would like to do and you may have heard this a Million times already and I’m sorry if you have but this is from me.
Is it possible to get the exact settings that you are using for Steam to do on your 2 live accounts and have been running for all those years. WOW 9999.99 a day now that is some serious money there.
I would like to set up my steam on a VTS with 500.00 in my live account and let it do the same thing and not touch it and see what happens.
I would also like to do the same on with a Demo account. I have Steam up and running I didn’t get any trades the last couple of days but your system has. I don’t really understand way but I’m not going to worry about it now.
Are you using the Default Setting and what are they if you don’t mind me asking.
Thanks for the Info and Happy trading.
Currently I am running default settings, and also testing some time restricted as well. I don’t use the news filter, never have.
I figured the news filter would give you some sort of edge. You don’t like to use it Admin?
Haven’t used it for years Terrance. The strategy is strong enough on it’s own. We prefer having a few extra trades that would be missed / avoided by the news filter.
Has anyone been able to use the strategy tester with Steam? I can’t seem to get mine to work. My account is verified and my username is in the expert properties. I try to run a test, but each time there are no results. Anyone else have this problem and overcome it?
No issues here Percy. Works great, but I don’t rely on backtest data with Steam as it uses tons of live data that can’t be reproduced in backtests.
Hello all,
I bought Steam on Tuesday, and have had 12 trades so far… 11 wins, and 1 loss (USDJPY). I have seen in the comments that EURUSD is the most tested pair, but some users are trading with the following pairs as well:
AUDUSD
EURJPY (long only)
GBPJPY
GBPUSD
USDCAD
USDJPY
I have added all to the 1 demo account I have running, and have adjusted my max trade setting to “2”. I wanted to ask, what are your thoughts on adding all of these to one account? I will probably create other demo accounts with maybe 2 pairs in each to see what the difference might be, but I wanted to see what the group’s experience is on this subject. Thoughts?
Hi, Percy, I am going to buy the steam too and I would like to share experience with you in the future . I myself desiged one auto system similier to Steam. but I found this one have better feature than mine. How is your trading going these few days?
Hi Helene,
Thanks for your reply, and nice to meet you! Steam has been great… it’s a bit tough for me to know a specific return on it because I am mixing and matching Steam & Fury in one account and letting it run. But, for both robots running in that one DEMO account, I am up 22% after 2 weeks. (Initial deposit was $1k). I am using 4 currencies per robot… EURUSD, USDCAD, AUDUSD, GBPUSD.. Since I am using multiple currencies and 2 robots, I brought the risk level down to 10 on each chart…. the default settings have it at 20.
The reason I decided to use both robots is because due to the time restricted strategy, most Steam trades are closed by the time Fury trades open… so I felt that my risk of overlapping too many trades between the robots is relatively small. I think my average time per trade is ~5 hours. Anyway, I plan to test another month or two before I go live.
I am happy to partner together to test different ideas and configurations of this system, and of course make boatloads of $$. ๐ I can be reached at percy.rose1 on skype if you want to chat further
Hi admin and all fs users here, may I know if we have to change the magic number in every chart of let say three pairs opened in one account? Hope you all can understand my question..
Yes, just like any other EA. You would change the magic number on each chart if running multiple pairs.
Hello all,
I just bought Forex Steam and Fury yesterday. I started Forex Steam in my demo account yesterday with default settings, and woke up this morning with my account up already 3.3% ($33 on a $1k account). Nice to get off to a positive start even if it is only a demo. I will try to setup my Fury account today and see how that one works. Based on the comments I have been reading here, I am excited about the possibilities!
One question, is there anyone out there who would be willing to partner together on this journey? It seems we are all trying to accomplish the same thing, and leveraging each others’ learning in a more real time fashion might be quite beneficial. Please let me know if you might be interested in sharing info together. Thanks!
Hi Percy,
I am going to be purchasing Forex Steam later today. Once I have set it up and demo’d it for a week, I would be more than happy to partner up with you. I am a beginner so if you are looking for someone more experienced then no worries. look forward to hearing from you.
Hi Nolan, I would be happy to partner together. I wonder how we can link up since we are not able to share emails on this site though. Maybe skype? I am at percy.rose1 Otherwise, I can try to look you up on facebook and see if I can find you that route. Any suggestions from the moderator of this site? I certainly don’t want to break any rules as I am so thankful I found this place.
Looking forward to making boatloads of money together with you and others Nolan!
Interested in this and wondering how you are doing since April? Just started using steam yesterday and planning to use Fury as well.
Percy Rose its a few months late but I am game. I am running fury and steam. Reach out to me.
May i know what setting you guys use. Mine one not making any trade so far
Hi Lee, I run multiple accounts, some on default settings, some with time restricted settings and so on. It’s been a slow couple of weeks, but patience is key. If you think you need help, just email support.
thanks for your reply. is there any setting that fixed the ea to trade more than 1 trade in a time?
Trading one trade at a time is an excellent quality of the Steam EA. It keeps the drawdown and risk very low. I see no reason to change this setting.
May i know how to setup backtest for t his ea? i start the test but it didnt make any trade
Just have to enter your username in the strategy tester and it will work.
After purchasing Forex Steam V9 , I’ve been running a live mini account $200.00 at PaxForex broker.
I have set different way and running multiple pairs and different TimeFrame (EURUSD 30M, USDJPY 5M 09:00-18:00, EURUSD 5M default setting, lot size 0.02, USDCHF Short only, AUDUSD, USDCAD long only, lot size 0.01, 00:00-24:00 SL=90 , TP=2). This has been only 2 weeks, see the result by checking the link below.
ECN= True ( Make Sure your broker offer ECN, if not then False )
NewsFilter= False
https://oi1265.photobucket.com/albums/jj514/eubert65/ForexSteamOnPaxForexAccount_zps8gagjmrv.jpg
Very interesting approach Eubert, thanks for sharing. Good to see that you are showing gains thus far.
Hi Paul / Admins,
I have a query on the functioning of Retrace exit.
I have the following default setting
Retrace_exit ——> True
PiPStick ————> 40
PiPsRetrace ——-> 20
Now my understanding is that if i open a Buy EURUSD @ 1.2500 and the trade goes in loss so the EA will close the order automatically when the EURUSD reaches @ 1.2300. Is my understanding Correct?
Regards
Hi Qaisar, it’s close to that. I recommend reading the Steam PDF guide, they provide a full analysis there.
Hi FRN,
I tried checking whole website for Steam PDF guide, but couldn’t find it. Please could you direct me correctly or maybe send a link.
The PDF guide is in the same zip file that the software is in. It’s the only file that you download in the members area.
Hi Qaiser,
Not quite: the PipStick is the point where Steam assumes that the trade has gone bad, and will move the TP to be the PipStick plus the value of PipsRetrace.
So, to use your example of a trade opened at 1.2500, Steam will ‘give up’ when the price gets to 1.2100 and will move the TP to 1.2300. If the price then retraces back up to 1.2300 the trade will exit.
Of course, the price may not retrace, and it can still hit the stop.
Hi admin,
I’ve been using different EA and I understand the settings and configuration that it needs to be done to have a successful trade.
I’m interested on the Forex Steam. My question is, the V9 does it hide the TP and SL so the brokers won’t monitor when trading a pair ?
Second question: Which one is more reliable the Forex Fury or the Forex Steam ?
Thank you.
Hi Eubert, no Steam does not hide TP / SL. You will know exactly what these parameters are set at in the EA.
After attaching Steam 9, Light version to the EUR USD chart, I had 2-3 days with no trades then as of today, Steam has had 11 trades, all winners! I am ecstatic. Next week I am going to increase the lot size to 0.20, or maybe not just yet. I never thought I would ever find an expert advisor that actually works. When I deposit another $1,000 to my account, I think that would be the time to increase lot size to 0.20. As you can tell, I love Steam!
Did you turn on the news filter when trading with steam?
Hi Admin,
I am getting the Error ” FFCal EURUSD,M15: FFCal Error – Web page download was not complete” and my expert Tab is flooded with it. I already got email from Broker that your expert is sending alot of instances. Before they block my account can you check why i start getting this message. I am getting these messages from today @ 4th April,2019.
Regards
Just set the news filter to false. It will resolve the issue.
Hi, if we like to use the news filter, do you have the solution?
I am getting same message.
Forex Factory calendar needs to resolve the issue on their end.
Just change the sURL in the EA input to http://cdn-nfs.faireconomy.media/ff_calendar_thisweek.xml
and it should work fine.
To FRN, perhaps you want to include it in this post so that everyone benefits from it
A new FFCAL file should be available shortly.
Guys I need some help Im starting off with a $1000 account with hotforex what settings should i use in terms in # of trades to open and MM percentage? Will my account survive with the 90 sl ?
Hi Ryan, I would start on defaults on a demo account to see what you prefer. Keep in mind there is a built in retrace at 20 pips, so the 90 sl isn’t a real concern. There’s also trailing stop which you can enable if you prefer it over a hard stop.
I use 5-6 pairs
just run japan 00.00-00.06
have done so for a month.
has not lost a single trades
sl 150 tp 60
1.) Which broker are you using?
2.) What’s your startup capital, leverage and lot size?
Hi, $1000 start balance is not bad.
Use steamV9-M5 or or V9-M30 , standard settings,lot size=0.1.Currency pairs: EURUSD,or GBPUSD,24h/5.Use a ECN broker with very small spread. Recommend the following brokers: Fxopen.co.uk; Dukascopybank; Vantagefx.
Time settings: 00.00 to 24.00 all markets,New York, London,Tokyo, Sidney.
Max trade maybe set to 2 or 3.The less the max trade is, the highly is Robot is effective.
Thank you!
the cost is $117.99.
but im in the UK and its wanting to charge me ยฃ117.60?
why is the GBP/USD conversion wrong?
There is likely VAT tax as well. You can avoid this by paying direct forexsteam.com/paypal-order
hi.
yeah i realized after it was VAT.
i never saw an option to pay with paypal never mind.
im doing some backtests now with some different setting and its looking good so far.
Kirk, I find your profile pic to be quite attractive, for I am a stalkings kind of guy, myself. Lol…..
Im running Forex Fury and if it proves profitable on a live account, I will probably invest in Steam as well. I found a VPS that pings to my broker around 8 ms compared to the 128 ish ms from my house. Definitely planning to run live via a VPS, too.
are you on a live account with Steam yet?
Thanks
Hi
I am using IC Markets broker and some of my results are different than published results on Forex Steam website. Does anyone have a similar problem?
There are naturally going to be some differences, but these will diminish over time as the EA gathers more data in your platform. The broker difference in spread, slippage will also have minor differences as well. These differences generally level out over time.
Hey FRN Team,
is this data gathering interrupted if i close the MT4?
My VPS wants to install updates and at the moment i am not sure if this could impact the progress of the EA.
Where does the bot safes the data from my Platform?
This is fine Gerrit, definitely do your updates.
Yeah, where does the bot safes the data from my platform?
IC Market told me: On Sunday the 10th of March, IC Markets trading servers will move forward by one hour from GMT+2 to GMT+3 as the US will enter daylight savings. Does I need to changes the time setting for Restricted Time Strategy from GMT+2 to GMT+3?
Yes, you will have to adjust.
Hi Admin or PaulDV, to use the Restricted Time Strategy for IC Markets (GMT+3), do I set starting time to 03 and ending time to 09 from Monday to Friday?
Thanks!
Hi Brendan, yes. The blog post shows the exact time, so if that’s from the post, then it’s correct.
IC Markets is currently on GMT+2, not GMT+3, so your settings would be 0200-0600.
Hello,
Since Daylight saving is starting on 10th March, 2019 in ICMarkets (my broker), do i need to input 3 in steam’s DSToffsethours setting?
Thank you Admin/PaulDV, as Sunday was the rolling of DST to the new offset of GMT +3 for IC Markets, would the times be 3-9 now or do I keep it still at 2-8?
Paul, can you please also advise if you usually switch off a pair (or the robot entirely), for major events related to that currency? E.g., Deactivating GBPUSD and GBPJPY for the Brexit vote on Wednesday.
Thank you again!
Hey PaulDV and Brendan.
The GMT+3 is correct. It was updated at the 10th March from GMT+2 to GMT+3. I also adjusted the new Time and also trying your set now Paul.
Thanks for posting it, i will go on testing it.
Hello Guys,
i am new on this platform and first of all i want to thank the FRN-Team for this Forum. I got scammed two times when i started to work with bots.
Now i also have the Steam bot and it works insanely good! I also use the time restricted strategy but only on one pair EUR/USD. This also works very good.
I use the default TP and SL settings but i dont understand how the Trailing Stop is used on this setting. The TP is always something about 100 Pips on my 1:500 leverage. this distance is very short so how do you use the Trail in this setting? Do you increase the TP. Because the default TP doesnt give much space for a trailingstop.
Sorry for my bad english ;D
I have tested the trailing stop function using many different settings, and have not come across anything where the trailing stop increases overall profitability.
I don’t use it myself.
hi all
is there anybody using trailing stop, breakeven and hedge function with steam?
The answer to your question is in the posts below, but to summarise: the hedge function will ruin your account – don’t use it!
Trailing stop and break even don’t really make any positive difference when using such a small TP, and will actually produce worse results. Again, I don’t use them myself.
I bought Forex Stream thru Forexrobotnation website last month. (Thank you for the discount)
I installed v52 in two brokers, Instaforex (4digits) & FXCM (5digits) running in the same VPS on 11th Feb 2019.
This is the result. (from 11th Feb to 28 Feb 2019)
Forex Stream Light_v52 EURUSD M5
FXCM -19.6 pips
InstaForex +80 pips
Forex Stream Normal _v52 EURUSD M30
FXCM +76.4 pips
InstaForex +116 pips
It looks like there is a difference between Brokers, maybe due to spread.
Hi Siva, it does seem that way. You should also consider testing V9, which is the most recent version. You will likely increase your wins even more. The most recent version can always be found in the members area.
Hi i have the steam and i have and ic markets but i dont know how i can use? Defualt settings its good? I have 1800 euro, open every day trades? Thanks a lot for the help
Hi Anastasis, once the EA is installed, it will trade for you. The amount of trades you receive depends on the markets. The EA will not force trades in bad market conditions. The default settings are great, but you have multiple licenses you can use to test many settings to see which you prefer before going live.
There can be HUGE differences in spreads between brokers, resulting in wildly different results when using Steam.
Look for brokers with a smallest spreads possible. I’ve used quite a few, and can thoroughly recomment IC Markets. Their spread on EURUSD is nearly always 0.
Hi PaulDV, can I get your IC Markets settings. Also which pairs are you currently using the EA on? My broker is also IC Markets.
Oh, and Instaforex is most likely a scam broker – you will get fantastic results on demo, but then lose your whole account on live.
Beware any 4-digit brokers – all reputable brokers now run 5 digits, and most of the 4-digit ones are simply scammers.
Hi Admin
I am using Forex steam EZ light V9 but its not putting any trade orders. I am using it on Demo account and ECN is set to true.
Hi Qaisar, you probably just need to wait for trades to come. The system trades more than enough. If you think it should be trading, just look at the results here or on the Steam website to see if you’ve missed any trades.
Hey Qaiser,
i had the same problem at the beginning. you can do the following things if the bot is not trading for more than two days in a row:
-if your balance is lower than 1000 the mm makes problems sometimes. so try turning mm off and set your own lotsize instead
-test the bot with news_filter set on false. news_filter could be the problem and the bot also works great without it.
I did these two things and now the bot works great
Hi,
If you are not getting trades,this maybe linked to your broker Currency identifier.
Some brokers have a Suffix,Prefix identifiers of the currency pairs set depending on the type of account you opened.
Go to market watch,look at end of currency pairs: you may see EURUSD+,GBPUSD+, OR EURUSDi, GBPUSDi and so on.
So , the currency pairs identifier,if not corresponding to your account the Robot cannot open trades.So, put on the chart the pair corresponding to you account (there are pairs with idenfifier, and without identifier).
This happen to me, because I use two different brokers/
Vantagefx has currency identifyer for Raw Standard ECN Account(ex : EURUSD+, and doesn’t have currency identifyer for Standard Account(EURUSD, no identifier).
So,your broker may have a currency identifier.Just look the market watch window you will see that identifier besides each currency pair.You need to check which pair correspond to your account with the broker.On the chart,just drug on the pair corresponding to your trading account, and the Robot will get trades.
Hi,
Ive just got the Steam EA there is not much information on Leverage so I am wondering what sort of Leverage people are using and comfortable using?
Thanks Luke
Hi LukeT, it works with any leverage. The leverage you choose won’t make any difference in how the EA approaches the markets.
One addition to the Asian strategy (or Time Restricted Strategy, as people now seem to be calling it) is to cease trading on the first trading day of the month, the last trading day of the month, the Xmas week and the first week of January.
More losses occur on these days than at any other time.
Trust me, I’ve run the numbers, and your accounts will be better off for it.
Thanks for sharing Paul, you are always a help!
1.) Do you use news filter(on) with Asian strategy?
2.) Pls what’s the recommended leverage to use for $300 – $500 dollars deposit?
I leave it on, but there’s rarely any news during the Asian session anyway, so it shouldn’t make much difference either way.
The account balance you mention is fine for any leaverage as long as you use Money Management (the default).
Can Forex Steam be used on other currency pairs apart from EURUSD?
Hi Nazham, yes it can. Read the guide that was posted a few comments before this.
Hello admin, just to ask you which stop loss/ take profit you use for your robot i bought steam 3 days ago and i want to make the most out of it. Thanks!
Hi Steve, I run my basic account with default settings. Yet, over the years I have run many different settings and run many different accounts, including the time restricted model discussed in the Forex Steam blog. It’s recommended reading.
What is the most favorite paires for you guys. Lets shere the experience…!
Hello, I want to ask, the forex fury make trades to a different time than forex steam? I read here the profit from fury and steam would make minimum 20% per month. If I would buy fury too and let both bots trade to the same time … that means it could make together 40% profit every month or I’m thinking wrong?
Hi Richard, depending on the level of risk, this is certainly possible.
good night, I use the xm broker gmt +2, can someone help me in the time that I put to get this configuration from 00 to 06?
There’s a simple guide for this on the Forex Steam blog. You can find it here: https://forexsteam.com/forex-steam-time-restricted-strategy/
Forex Steam put up a new post in their blog, highlighting the time restricted strategy.
The guide is very good.
I’m going to set my account up tonight.
I’ve been doing this for a couple of months already with a lot of success.
Definitely do it.
Steam is the gift that keeps GIVING.
Hello!
is steam forex profitable today?
at what percentage per month on average profitability?
Hi Winslow, yes it certainly is. The aim is around 20% per month. The readers here are very happy with its current market performance.
How many Forex accounts does a single purchase of Forex Steam support? Is there a limit?
For instance, suppose I want to use FS with charts USDJPY EURUSD and GBPUSD on
one Forex account; can I create multiple accounts and run FS with the same charts?
Hi Stephen, Forex Steam comes with 4 licenses. This means you can run the software on 4 separate MT4 accounts. The amount of pairs you run does not matter.
Hello FRN, I recently got the Steam about 3 weeks ago. I didn’t use the default settings as I really didn’t understand it with the stop loss being so high. I’m used to min 1/1 RRR. So I encountered problems and reached out to support. I ran the light on just the majors so I had 6 charts running with each having a different magic number labeled 11111-66666. Also each with different settings so I can try and get the settings where dialed in. with max trade set at 4. I encountered a few pairs where there was a buy and sell on the same pair. I did reach out to support on this as my question was does this robot hedge. The tp was before the sl level on each order. Support stated they never encountered this in all these years and it was most likely due to the amount of charts I’m running as they only run it on EU and on 1 chart. I’m just wanting to know if you’ve heard or seen where both a buy and sell order was running on the same pair. Thanks
Hi Tony, the issue is that you are running max trades at 4. Set maxtrades to 1 and the EA will not do this. Unless this is something that you want, then you can continue with your current process.
Hello
While reading your advice, I bought Steam last week. Many recommend 0:00 to 6:00. How to set the EA with these hours? Is it GMT time?
Thank you for answering me.
domin0
Hi Domin0, this would be based on your broker GMT offset. So find that out and adjust accordingly. It’s a great new strategy, I’m loving it.
Hello. Would Steam work with MT5 or only with MT4? Thank you.
Hi Fabs194, Steam is built for the MT4 platform. MT4 is still a much better platform than MT5. If MT5 ever becomes the more efficient platform, Steam will provide a free update.
Hi Admin
do i need to change Magic number when i you multi pairs.
Yes Nazim, doesn’t matter what the magic number is, it just has to be different on each chart that’s open.
I’m seeing more and more information on time restricted trading with Steam.
I am happy to say I am LOVING this.
I set Steam up, 0:00 to 6:00 on one of my licenses a few weeks ago, and I haven’t lost yet.
I am using USDJPY EURUSD and GBPUSD.
If you haven’t tried this new strategy, jump on it quick.
Hi There, sounds interesting, i have just joined FS, and is working fine, would you be able to share how to set up the other pairs if possible, do you use the ligh or normal EA? Also is that GMT time you set ?
Thanks
Hi Sam do you set the Steam EA 0000 to 0600 or if we want to based it on MT4 timing, Tokyo would open at 2am -11am of MT4 time.
what would be the setting for the time?
and would you able to share a screenshot of it?
thanks!
Hello colleagues, I want to ask where I can read more about the functions of forex steam – pipstick and pip retrace. In the Asian session, how many deals are best to be released?
This information can be found in the PDF guide, which is available in the members area.
HI
my broker has spread a little bit important ( 2 until 4 pips )
is it a problem ?
could it add automaticaly spread to SL and TP ?
could i limit to 1 trade at a time ?
Thanks a lot for your response
your site ihas nice information and help me
sorry for my bad english, i am french and not so good !
Happy Hollidays
Daniel
Hi Daniel, the EA only opens 1 trade at a time by default. Your spread is not an issue at all. With 8 years in the can, Steam works well in any scenario.
HI.can i use both fury and steam in 1 account?thanks.
Yes, just open a chart for each.
Hi. my broker is GMT+0. is it suitable with forex steamlight.
Steam light is compatible with all MT4 brokers and any GMT offset. You don’t have to make any changes to the default settings.
Hello, I want to ask something – after installing Forex Steam 9, the euro / dollar graph on the right appears on the right side of the smiley face, which is normal, but then when looking at other graphics, for example, usd/jpy, even for 2 sec . and went back to the euro / dollar, the face was already frowned, and on the new side I made the strings to be stunned again. Why is it so? What is wrong?
Hi Ufovvv, there is nothing wrong in the example you provided. Your MT4 is disabling automated trading when you change charts as a safety precaution, just click enable and you’ll get the happy face back. This has nothing to do with Steam itself.
I just got fs and it’s been good for like two weeks now. I want know if vps is advisable? And hope fs can work irrespective of market volatility?
Hi Nat, steam handles volatility well. If you can increase the response time by getting a VPS, that will help any automated system, but it’s not a necessity by any means.
I changed the trading time to 0:00 to 6:00 every single day, and the results have been incredible.
I am winning every single trade placed.
I have increased my pairs to EURUSD, GBPUSD and USDCAD.
If you are looking for a new way to use some of your licenses, I recommend using this approach. It kicks ass.
I wonder what is the reason to set time 0.00 to 6.00? Wjy not 24 hours running? Please help because I am newbie about EA.
Traders are finding that this time period works very well with the Steam strategy.
Hi Gerald, can you please advise what your settings are for TP and SL?
Thanks!
how do you set up for it
Gerald, thanks for posting! What settings are you using for TP, SL, …etc
Just brough steam v9 any one can share the perfect setting
I use the default settings. You can also change the trading time as we can see that’s working for some of the clients in the comments here like Gerald above.
hi. 0:00 to 6:00 with what gmt?how can i set this time for gmt:+2.thanks .
Is this bot suitable for beginners and what’s the minimum depo, i know there’s no guarantee and it depends on the market, but how much roughly could i make as a estimate roughly a month?
Also what would you say is more profitable, on average fotex steam or tge forex fury, i would rather use one that has more, but not so that it’s too risky?
Hi Julian, every system I recommended is suitable for beginners. The aim is 20-40% gain per month. They are both very low risk systems, that perform well in just about any market conditions. Fury is my preference of the two, but I run them both successfully.
first of all thank you FRN for introdusing Forex Steam,i bought it last week,start runing on demo from monday,untill now i got 12 trades with EUR/USD,USD/CHF.AUD/USD,XAU/USD,Happy to say all trades won by Forex Steam,i did little bit change on the settings,hope to test litle bit more b4 going live,thank you admin for the support.
Hi Navod, my pleasure! Keep the wins coming.
Just purchased and loaded onto a new FXopen demo account.
Surprised to see time 66msec (latency) when I rescan the servers.
I guess a VPS (or different broker) would solve this if results look good
Hi Peter, 66msec isn’t too bad, but if you find it’s having a negative impact on your trades you can make the changes you mention. I use a VPS and my home computer to trade, the results are usually very close.
Dear admin
– i bought ea steam from your website .Last night i test by demo accountt and VPS but i saw mt4 live is trade and me not trade why? i use default setting.
– bank holiday flie is update every year or not ?
Hi Wanal, if you aren’t receiving trades contact support, they will help you resolve any issue you may be having. Bank holiday is built into the EA now.
-i knew my problem from VPS not allowed run DLL fille. so EA stopped now i ask them how i do ?
– i have some question . i saw some comment of you said Friday not trade
it really ? in default setting is true so i do not sure mt4 live of your test same as default setting
such as
1. new filter is false ( recommend ) but default is true.
Please tell me. what is mt4 live setting?
All same default or not ?
regards
wanal
Hi Wanal, I’m sure support will help you with your support questions. I run default settings on most of my accounts. Although, I do like the trailing stop feature as well.
I also want to try changing the trade time from 0:00 to 6:00. I hear that this is working extremely well.