Forex steroid is a new Forex robot the claims to gain 70% per month. The developers of the system claim to be providing a professional expert advisor from professional investors. They say that they made over $23,000 in November and that every single member is provided with a satisfaction guarantee.
Today I’ll be taking a close look at the software in determining whether or not it’s a viable trading tool for the Forex robot nation community.
- Price: $159-$299
- Type: Scalper
- Results: Demo
- Pairs: EURUSD
- Timeframe: M1
Forex Steroid Review
The Forex steroid system is built on a unique trading algorithm that works on the EURUSD. The software is based on an adaptive trading logic that has helped it earn profit since 2010. The 2010 claim is based on back tests and it is only been running on a my FX book demo account for 2 months so far. In looking at the my FX book demo account it looks like the system is very broker dependent. The software takes extremely small and short trades. I’m just looking at the past 20 trades right now and the average duration was around 15 seconds. During this period the average pips gained in a trade was around 1.5. Which means if you have any spread whatsoever with your brokerage it will be very difficult for you to make money using this software.
The Forex steroid software is clearly spread dependent. This is not a bad thing because there are many Forex robots (Forex $teroid) that are like this but you should certainly not have the spread over one if you want to use a system like this. I would like to see the developers of the system run their software and alive account before I get involved. There are many systems that work very well on demo accounts and live accounts but I generally like to see someone else run and EA on alive account before I do it myself.
At this point in time I won’t be recommending Forex steroid. I would like to see more from the community before I dive in and spend $179 for just one license. If you’ve tested the system or you have more information that I’ve missed please add to the review by leaving a comment below the article now. If you are new to Forex robot nation please feel free to click contact at the top of the page and send me a personal email if you ever need any help with your Forex trading. Thanks for reading my review today and I hope that you have a very good afternoon.
This ea works but you have to chooice right broker and VPS. i made a within 10 days 412 dollar profit.
what broker did you use Baroo?
Hi I would like to know really whats the one robot that you have seen making consistent profits month on month?
Hi Charles, there are two, you can see them both here https://forexrobotnation.com/best-forex-robot-and-expert-advisors-top-3-tested/
bought this EA. 500 USD start 28 Dec 2015. In January 2016 i got only 3 USD profit with Forex $teroid. That’s the first month.
Using Broker Roboforex ECN, 0.4pip fixed + comission, following their advice. I asked for a refund but they don’t do that! Please, all people who write about it: do not say it has 60 day money back guarantee. It’s not true!
I Recommend you follow up your case through paypall… I already did that and they are reviewing my case.
We can win the case because the Forex Steroid team used invalid and incorrect info in their website which motivated us to buy their EA, like 70% return every month and those backtest screen shots which are not true.
This is my first post in this forum and since I learned alot from this forum and website, I decided to share my finding about this EA which may help you all.
I bought this EA on 11 January 2016, and let it run 24/5 all day long using all the recommended requirements mentioned in the user guide.
Look how it works: http://www.myfxbook.com/members/jamshidz/fx-steroid-test/1496228/2B8RXDHV6BKqXpth93ki
IT SUCKS! yea!! Even with DEMO account with almost 0 slippage and fast execution.
PLEASE don’t get into their trap and waste USD179…. it is absolutely SCAM!
The only reason I am sharing this is, because I was cheated by them and I thought if I can share this, it may help some people save $179 in their pocket.
I can say this EA algorithm is purely base on Support/Resistance level and it is impossible to work out.
I am now pursuing the case with Paypal resolution center to get my refund as they advertised false and invalid info in their website like 70% return every month and so on.
Please, who have bought thie EA post here the results
Thinking about getting a licence for this
Anyone still having good results with this EA?
I am really interested in it but I wonder if it is worth the investment.
Plus, what brokers do you suggest? =)
im interested too im thinking on buy it and use it with roboforex
Hi everyone, would anyone be kind to share your up to date performance please? Thanks.
i want to buy this ea also. but my english very poor. Could someone help me how to set up this ea?
I want to buy Forex steroid (1 license) can you please advice me which broker and vps service provider best for Forex steroid?
this ea is running on my live account..this ea only work if the spreads are raw..!
any ecn broker with raw spreads you can also work with recommended broker of admin..!
my broker is fxgrow and m working with fxgrow about year…!
this ea only work if spreads r tight otherwise this ea eat your account slowly…!
this ea trade on major breakouts and on 1 mint interval..! the broker which has so tight spreads
and low commission is recommended…! the trade duration is 10 to 20 s only…!
and i not use vps my system running 24/7
Hi is there any recent update on this system on live accounts? I have been testing it on demo, looks great but would like to know if it works the same for live account. Can someone please share their myfxbook link. Appreciate your kind reply
I bought this robot was not happy with it maybe my broker pepperstone razor had mostly losses requested a refund told they don’t and thats that.
If anyone knows how to get a refund from this please let me know if you buy they wont refund
I dont think there’s a refund policy for the software.They have mentioned at their site that this software is broken dependent. So i hope anyone here could advise if it works on their live account.
I tested on a few broker on demo, didnt quite work well (all ecn demo account) so far Fx choice seems to be working well (demo). However its demo, so if those that are running on live account i hope you could share a myfxbook link.
I had no luck just losses no big wins a lot of losses that’s why I want money back
I’m going to give this a try with a starting balance of $1000 and let you know how I get on. I’ll be using the default settings that they specify in the PDF and keep you updated!
Thanks Joe, please keep us in the loop, bookmark this page if you can.
How is your trading going so far?
i bought this ea 2 weeks ago and still running on m live account of 1k
2 weeks performance is 120 dollar gain and 5 dollar loss
my broker is fxgrow.. which has tremendous spread.. fxgrow is good broker
with fast withdrawal. this ea only work if spreads are raw
you can also see the performance of this ea on myfxbook same performance in my account
same trade same time…
are you running it on risk management or fixed lots? What is the commission and spread on EURUSD with FxGrow?
running on risk management..! spreads on euro 0.1 0.2 max 0.4 and commission is 6 dollar
And what kind of settings are you running it ?
I have it also. Just start running demo first. Broker is ROBOFOREX.
What broker are you using? And do you have VPS also?
I have also purchased a license, it makes nice profit. If there are losers, they are pretty small ones, but winners can be extreme big. Already made the price of the EA so its nice
Which broker do you use?
you still seeing great results and if so what broker are you using and I am assuming you are trading this on a live account?
How is FS working ?
Still profit coming ?
Forex Steroid made me nice profit during the EURUSD rally last week. More than 26% profit in a day. I am very happy I bought it.
Are you still making profit with this EA? What broker are you using? I want to buy this EA as it shows some tremendous profit potential. Pls. respond.