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.