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.
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.
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%.
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.
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.
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.
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
- Trading Results
- Client Feedback
- Customer Support
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.
10 years active Proven performance record Multiple EA’s in one package 4 licenses Very low price
Risk reward ratio Untested on additional pairs
Hello Patrick: I want to buy the ea Steam, and on the purchase page they ask you for a code to make a discount, where do l get it? Can you help me, thanks.
You can use code “Steam10”
Hello Ryan,can you tell me how much that robot costs? thank you
The updated prices are always available on the robot websites.
how much initial equety for run EA
Can start with $100 on micro.
hi , how much deposit do i need on a standard account?
Equity requirement per pair
Hi I like to know how much equity you need per pair?
will it run in blueberry market broker their pair has extension i ( usdjpy i)
Hi Wilbert, it will work with any MT4/MT5 broker.
This is a red flag, no verified third party results just results that could be scewed
I’m happy with the bot, but I agree. Myfxbook will be added in the near future.
Hi Ryan, I’m a beginner in forex. Right now I’m still on the process of learning. Is using an EA such as Forex Steam going to be complicated and risky for me?
Hi Gen, no. The great thing about Bots is that you can trade them on demo as you deal with any learning curve. Start with default settings, just follow the guides and you’ll be setup quickly.
Hi, which pairs can be traded with Forex Steam?
Are there historicly less and more profitable pairs?
I generally stick to EURUSD. If on time restricted settings, I’ll throw in another major or two like GBPUSD or USDJPY.
Hi Patrick. We really do appreciate your comments and input. I’ve been using Forex Stream for the past few weeks on EURUSD and I’m very happy with the results so far but I would love to know what ‘time restricted settings’ you are using for EURUSD. thx again
Hi Lenox, when using time restricted, I like to trade the Asian session.
Hi Patrick, sorry just asking, I am new to this EA, so is it better I only use the EA with light risk (M5 TF) or is it ok too if put normal (M30 TF)? Based on your experience, does M30 TF have high risk? Thank u
You can test both if you like. I prefer the light version personally.
is there any improvement with the update ?
Hi Rasim, which update are you referring to? V10? Yes V10 is working well.
Hi Patrick; this what l’m asking 🙂
” hi Raks , working on some new setting for this to limit the larger SL’s. new sets ‘s will be ready shortly”.
march 3 2021
Does this EA use martingale, grid or averaging
Hi David, no it does not.
This is a general question: Is it possible to use more than one robot for the same pair of currencies? If yes, have you done this? If yes, would you recommend it?
Yes, you can do this. I tend to diversify / not focus on just 1 pair with multiple bots.
I use now the light and i did took a look at the results. the qeustin is how does the light exist?
Are the results whit the light?
I dont have a lot of settings, I am using it for a week now and i am very plaese whit it .
But i only have about 12 settings. I have the forexsteam extra normal v10. Can that be the problem?
When you purchase Steam you get all versions. The “normal” can be significantly riskier. I use the light version exclusively.
Where can i find the light. i dont have the settings.
I have purchased your software and was wondering if you could share the settings you used for the results you posted. They look tremendous and would like to replicate your success! Many Thanks!
I have problem sustaining gains made by FX Steam because when it retraces, it wipes out any profit made due to the size of TP..do you have a strategy around that? or does anybody have any settings to avoid this??
Hi Raks, working on some new settings for this to limit the larger SL’s. New SET’s will be ready shortly.
That sounds like a plan Patrick. Will you please email me the set when its ready or let me know where i can access it from?
It’ll be posted in all the socials when available.
Hi Patrick, I’m sure there are many old buggers like me that are not on any socials. Where else can we get your new settings to limit the larger SL? Could they be on the Steam website?
All new settings will always be provided in the Steam members area / blog when available. You will not need socials to get these.
Hi, realised the past result shown in forexsteam website don’t tally with my own. Mine suffer a 90pip loss but it’s a profit on their side. Is that normal?
Hi Kok, it can happen someties with news events or high spread. I recommend lowering your max spread function to help avoid that volatility.
1) In your review you said “Personal Tests”, yet the link takes one to forexsteam.com page, so clearly these are not your result, right?
2) There’s nothing verifiable about provider posting some table on their own web page. So how on earth you can wax lyric about this robot?
P.S. disabling copy/pasting on your pages is so naive and annoying
Hi Alex, it’s my robot, so they’re my tests. Going to be shifting my results over to Myfxbook shortly though. In the process of doing long-term optimization to find the most reliable SET files. I had to disable copy/pasting because too many websites were stealing my content.
Is it possible to lower down the SL without automatically affecting the lot size set by the FS? because whenever I adjust the SL the lot size are doubled.
Yes, you would just lower the risk % setting.
Hi when running the robot can you also place manual trades along with them? Thanks
Yes you can.
Anyone with an updated setting
There’s quite a few settings available if you scroll down just a bit in the comments section here, that are actively working.
Does the max spread feature accept decimal values (ex. 0.5 pips) given that most ECN type of spread for EURUSD is less than 1? Also, has anyone experienced major increase in spread for EURUSD > 5-10 pips even for ECN accounts? Thanks!
Hi Richard, it’s really not necessary to get the spread tight within half a pip. The feature is more for overall volatility and spikes, not small movements.
I don’t know why my prev. comment never got published. Anyways, hopefully this one will. I just have a couple of questions:
1. Has anyone tried to set more than one trade on the steam? Does it affect the success rate?
2. Has anyone tried to lower their retrace, like 10 pip or 0 pip (break-even)?
Hi Richard, I simply didn’t get around to approving the comment. Please understand that it is the holiday season, so I will be spending time with my family too.
1. Clients have, and have mentioned it in the comments below. I haven’t spent much time with it, as I prefer to keep the drawdown low, and max orders 1 does a good job of that.
2. If you are going to run a retrace that low, you may as well disable it and just see if the trade returns to 10, but it’s worth testing everything.
Anyone with an updated settings
I have Steam running on an account but its been 2 weeks without any trades? I Have checked settings to for any issues
Can you help please.
Merry Christmas Everybody!
Hi Rakeeb, send images of your setup to support. Likely just need to set a lower lot size / disable money management. Easy 2 minute fix.
I think you may be right Patrick, am going to try with MM and lot size alterations. Could i get your email plz for directly querying with you as you are quite knowledgeable with Steam.
You can contact me via https://forexrobotnation.com/contact/, but I prefer to talk over comment as it may help other traders too.
Does anybody know what the pip stick function is? Or Does?
Hi Sandy, yes this works in conjunction with the pip retrace. The PipStick is the number when Steam will set the TP to the retrace number in order to protect from a larger loss.
Thanks Patrick, can you explain with an example may be? still a bit confused…sorry
Hi Sandy, your trade hits 40 pips in the wrong direction, Steam determines that the trade won’t return to the original take profit, so sets the take profit at 20 pips to exit the trade here instead.
Got it Patrick, its a great feature to have a primary SL to avoid bigger hits..thank you for the sample 🙂
I am confused. so you if the trade goes 40 pips in the wrong direction, is this going to exit before my Initial stop loss?. can you explain the difference between pips retrace and pipstick? In your example I do not follow setting the take profit to +20 or -20 pips .
Hi, the software hits the higher number at 40, then activates the 20 loss, then it will ideally retrace to that number instead of going to 90.
Ok i understand the retrace, is the pipstick the opposite? as in if the trade is going in your direction it will ignore your take profit and let it run to the pipstick price?
Has anyone tried FS on commodities (ex. Gold), indices and cryptocurrencies?
I’ve done some short tests on GOLD successfully with time restricted settings. I’m unsure about cryptocurrencies in MT4/MT5 as brokers have such large spreads on these coins.
What were your settings for gold, Patrick?
Hi Richard, I don’t have any of those tests open at the moment, so I can’t provide the exact settings. It was likely close the defaults, just over a 6 hour window.
Hi Traders, Does anybody know how wide the EURUSD spread gets during volatility and low volume, like 1,3, 5 pips?
Hi Dan, it will be different for every broker. So, you will likely just want to monitor the spread to get your answer.
Yes Patrick but do you know if spreads with any broker get as wide as say 5 pips or more?
Hi Dan, yes, it’s possible.
Right thanks Patrick
Hello Patrick- just want to check something with you, today the software opened more than 10 positions, each exactly 3mins apart…is this meant to like that or a glitch may be somewhere ?
Hi Dan, this is not something I’ve ever seen in my years of using the robot. Make sure you have separate magic numbers if running on multiple pairs, and check for any messages in your experts / journals tabs.
I am only running 1 pair per account but, as you said to check Experts and Journal; the following message is in expert tab – ‘timeout’ and ‘no connection ‘ in the journal tab it says ‘request timeout ‘ and ‘request rejected due to absence of network connection’
Please help me this as the account is highly over exposed.
Hi Dan, these errors are connection based, not anything to do with the robot. This likely isn’t anything to worry about, but just make sure your internet connection isn’t disconnecting too often.
You are right Patrick, it was due to network connection.
Great knowledge as usual ;j thanks Mr Robot Expert
Does anybody know what settings are used for the trades page on FX Seam homepage? is it default or modified?
Because they are very consistant with no more than 2 loosing trades in a row.
Hi James, these are running on defaults currently but with a tighter max spread than the 100 provided in default settings.
Hi Patrick Ryan,
Am using FX Steam but i do no fully understand the following:
a) max spread in settings is displayed as pips right? so, 100 means 1 pip?
b) max trade is he maximum number of open trades at any given time?
c) trades per bar-? not sure what his means?
a) 1 would be 1 pip
b) yes, I prefer this at 1 by default
c) this is not utilized by the EA at this time, and so it will not change anything if modified
Thanks for your reply Patrick, but in the max spread the input is set at 100 by default so, does this mean its a 1pip spread or do i need to change this to just 1?
Hi Jameel, at 100 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 100 by default means it off, which i change to 1,2,4 (in pips) and so on as i prefer?
Yes Jameel, that’s correct.
Thank you Patrick, very helpful 🙂
Hi Patrick, all,
Just purchased Steam after the glowing review.
Just working on some of the streategys that are recommended, however I’m based in the UK and want to trade the asians through the night (as recommended 00.00 – 06.00) but not sure what the ‘off set’ time is?
IC Markets are saying +3 hours? Which would mean 03.00 – 09.00?
Just want to make sure I’m doing this correct before adding more funds and upping lot sizes.
Many thanks in advance
Hi Kevin, yes that’s correct. 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.
Thanks Patrick much appreciated. Fantastic site and forum by the way.
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?
Cause I see a default setting of 90/10.
And on the Forex Steam Results
It looks more like 20/10.
What is the best setting for you, Patrick or others members?
Thank you for your time!
Hi Tony, the 20/10 risk reward ratio is due to the pip retrace setting, which is available to all clients. This feature helps avoid the larger stop loss number, and cuts losses at 20 pips instead.
Hello Team !
Somebody can help me to setup well in the demo account ? I want to setup in forex steam the winning trade. I don’t like the repeat winning trade. I want only one setup trade evry day for evry single pair. Stop trade after winning trade. one low risk possible … test…
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.
Many result sometime is 2 wins, after one lose in the same pair daily…So in my opinion in 4 single different pairs for 4 wins are better for one result daily … more 3% profit ….low risk is better for my strategy ….recovery take more time….
That’s definitely an interesting approach Felix. I hope you continue to flush it out and keep seeing positive results.
What is the best setting for the forex steam normal? it has been a week and it never opened any trades. I attached on GBPUSD M30.
I don’t run this version Dang. It’s a bit too high risk for me. I stick to V10 Light, which is the main version of the software.
don’t use normal, stick to steam light 10, it is stability and winning right now
Am new with Steam here, what is like a % return monthly with default setting with nothing changed?
Are there any pairs or settings tweaked that can give highest return??
Would love to know your experiences.
Newbie here. Do i have to use a vps for this?
Hi Dang, it’s not required. Most clients run MT4/MT5 on their home PC.
I been running the EA and not sure what the following parameters mean?
Would appreciate it.
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.
What would be the best broker to go with while using bots? Please
Hi J Kim, the top options can be found here https://forexrobotnation.com/best-forex-brokers/
Since August 31,2020 until now I’m using my own settings on my real account. EURUSD enough for me. I’m using only 1 license for EURUSD that’s it and my result is
49 straight wins. No losses.
106% gain in just 1 month. Again,Yes,106% gain.Amazing robot. I think this ea ( forex steam) my first and last. More power FS.
That’s amazing Rai, I hope you share your settings with us.
My settings combination from support and from my experiences in trading forex. I’m not prof yet but this set up is profitable and tested to demo.
Minimum deposit for this set up is $200.
-Risk 100% ( invest money you can afford to loss)
Maxtrades – 10
Maxspread tight to your actual spread
Stoploss 2000- won’t be hit
Retrace exit false
Trading hour 24hours
Try to demo first and you will see the results.
Happy TP hit!
In my experience about drawdown is 270 pips. But the market back to main trade and hit the profit. maxtrades 10 is the best and very helpful.
Hi Rai, on an account like this you would likely want to withdraw your funds from time to time, to avoid a crash. Do you have this account on Myfxbook? I’d like to take a look at it.
78 straight wins no losses
Is it possible to test the robot on demo account without buying it at first?
Hi Christian, no there are no trials available, but it’s been on the market since 2010, so it’s been tested thoroughly.
if i may ask, whats your account balance
with 2000 STPL a wrong trade of 10 might close your account
This is update. 110 straight wins no losses
It is simple ,trust forex steam trades. My set up and ea strategy best tandem. Try demo first. Minimum deposit for this is 200$ .
Which broker did you use for this set please?
Do you have this account on mfxbook ?
Hi Rai. Is your strategy working till today?.Did you put Maxtrades 10?
Rai’s strategy does work, obviously Steam doesn’t open 10 trades at once but all trades close positively. i’m testing on a demo. firstly i used $200 ,the returns are very small on that 10 pips TP, I increased it to $2000, still steam opens one trade at the time and applies risk management . from the 28th January until to-date it collected $76 on 16 trades, not bad.
Is this working best on M5 or M30 timeframe?
Hi Rai, interested to see if your strategy is still going strong?
What is the minimum deposit that you recommend on this EA?
Hi Jörg, $100 on micro for minimum deposit.
Hello ! Team!
Somebody can provide number of maxspreads of default setup of forex steam restrited strategy Sl 60 Tp 6 Time 0000-0800 Europe time (spain). ECN :true retrace: false Forex steam V10 light. maxspreads is 5, 6 or 100 ?. I’m testing now…
Thanks with advance…
Generally, you want the max spread to be tight to your actual spread. So, it will be different for each trader.
I am running a steam test that’s working very well for me, so I want to share. It is gaining around 15% steadily per month for the last 7 months.
Pairs: EURUSD, GBPUSD, USDCHF
Time: 1AM – 4AM (GMT)
Settings: Default, except max spread 10, TP 7 on all three pairs. Magic number different on each.
This setup isn’t losing trades.
Hi do you mean 3-6 GMT ?
Hi Jack. just to confirm, does this strategy use the retrace exit feature?
What’s Forex Steam 4 licenses does mean, can you please explain it to me?
Thank you ????
This means you can run the software on 4 separate accounts simultaneously.
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.
One last thing, Forex Steam recommended VPS from InterServer and from your experience how many slices / cores is good enough for keeping MT4 and robot working, is 1 slice / core is going to be fine for this purpose ?
I appreciate your time and your help ????
Yes Fadi, you will always want to start with the lowest amount of slices and upgrade only when necessary.
Hi FRN Team:
Wanna say that testing Steam on Demo is great, it has losses but its doing way better than most EA i tried. Win/Loss ratio for Steam is around (10:1) so far
May I ask tho, in the statement ur sharing, its running on default settings right?
Hi Z_Zero, it is running on defaults, except I use the max spread feature.
Do u set it proportionate to ur spread indicator (like if its says 7, u set maxspread to 7 too??) or leave it some room? like +5 or +10?
I monitor the spread of the account throughout the day to see how it moves and then set it around the average level.
so i just bought the product. did you use the SL and TP already or did you change it. cause if im reading this right SL is 90 and TP 10?
Hi Felipe, there is also a pip retrace at 20. I recommend reading the “about us” page on the Forex Steam website, and making your way through the PDF as well.
interested in buying this but I have a question. how is it on stocks like the NAS or us30
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.
hello there I have a few questions about the robot
1st. :how long does my pc has to be turned on? for the robot to work 100% how it needs to work
2st :if the deposid is getting higher every month does it change the orders automaticly (with a higher value)
3st : is there a telegram/forum group about this robot?
another question (4th)
:i know there exist brokers who doubble your deposid is there such of broker who alouds robots and is the commision low enough for this robot
thanks for reading i hope to get a answer from you guys soon
1. Depends on how long you want to run the EA, it’s really up to you.
2. Yes, there is built in money management that does this for you.
3. I think this is the biggest community with thousands of comments here.
4. You can try the brokers we recommend here https://forexrobotnation.com/best-forex-brokers/
hi ive been having the forexsteam on my forexopen broker platform and it been great trading with such a high balance but when i put it on my live account with Avatrade platform over 2 weeks with not 1 trade.. what might be the issue?
Hi Chris, you likely just have to set MM to false and set your own lot size if it’s a smaller account. You should probably demo trade the same account size as your live account first to get a feel for it.
yeah but ive already done that… trading with a smaller lot size, its set to 0.01and still no trade for weeks
Check you’ve installed it correctly, or try another broker. Make sure you use the MT4 version in MT4 and the MT5 version in MT5. 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.
My account are grow 25% every month on FXSteam.
Can you share your settings?
Has any tested V10 with the trailing stop feature
I prefer using the pip retrace feature instead.
I am still using Forex Steam, but I am using Version 10.
It works quite well, but I do avoid news lately manually so I hope they bring this feature back.
The max spread feature has also been very helpful for me, and I’ve lowed this from 100 to 8. It doesn’t trade as often, but it almost never loses with a tight spread.
Hi Billy, do you only trade on EURUSD? Do you trade any other pairs?
Hi, I’ve recently purchased the forex steam, downloaded it and the file came up as a WinRAR archive format, so from there how do i get the bot onto my forexOpen mt4 trading platform
It’s a ZIP file Chris, you just open it with any normal zip program that comes with your computer. Then, follow the video on how to install it.
Hi Guys ! I joined the club 🙂
What type of account do you use? Normal spreads and no commission or low spreads + commission? I.e: In IC Markets they are called Raw Spread account type and Standard account type.
Hi guys, my default settings on Forex Steam V10 have TradeOnFriday set to TRUE. Why do I read people saying it doesn’t trade on Fridays?
Another question, should I change the MAGIC number if I put the robot in 3 charts in the same MT4 account?
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.
Thanks Admin !
I’m using the Time Restricted strategy. I read in the comments below that it’s ok to put it in 2-3 pairs with this strategy. I’m in demo anyways.
How much is the MAX drawdown you saw in EURUSD with the Time Restricted strategy? Thanks.
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.
Thanks ! Can I use this robot with a 1:30 leverage on a $1000 account?
I have MM set to true. So it’s currently taking a size of 0.2 aprox in my DEMO account. I only let it take 1 trade at a time.
Yes you can. Test on demo to see what you prefer most.
I checked with my broker and I can’t run this robot with a 1:30 margin and a $1000 account because if it tries to open a second position at the same time of a size about 0.2 I would hit a margin call. I need a higher margin.
We only open 1 position at a time.
That’s correct but I want to run it in 3 pairs at the same time. All in DEMO at first of course. But I need a broker that will allow me to do this in the future.
Unless you are doing time restricted, I recommend 1 pair at a time.
Yes, I’m doing Time Restricted with 60 / 6 and retrace FALSE. I also have other combinations of the settings in other DEMO accounts.
Do you prefer using a Standard account or a low spread + commission account for this robot? Thanks!
i bought it , but i did not receive the necessary email to complete the transactions , i sent an e-mail to them 🙁 how long do they reply to the mail i sent?
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.