Great month so far in June. In my last post I shared an update on the free straddle bot with new settings.
I have heard pretty good feedback so far.
This isn’t the only system we have been hearing good things about lately.
Seems like one of our favorite sons, Forex Steam is back on a HOT winning streak.
I would like to get across something concerning today about the Forex market place, and this has a lot to do with the conversations I have with people about Forex Steam.
Only believe what you achieve.
I know, I know, that comes across very cheesy but for today, it holds a lot of meaning, in all areas of life. If something isn’t working, you try to make it work, don’t give up.
Lately, I have heard from way too many people reading crap and internalizing that crap as their own opinions.
The purpose of that quote above is to get the point across to traders that they need to TRY and believe in their own experiences. Way too many of us get caught up in reading, and researching instead of doing. Trust me, I fall victim to this all the time.
Now, with that behind us, let me show you my recent winning streak with Forex Steam.
- I have won 14 of the last 15 trades for a gain of +141 pips.
This is one of the best streaks I have had with this system, and I have been able to achieve these results ever since upgrading to their latest version 4.4.
If you already have Forex Steam, make sure that you are updating regularly so you can continue the pip growth.
If you don’t have Forex Steam Download it Here
If you don’t like the current settings, feel like they don’t suit your trading style, then I have that covered as well. I requested some of our successful Steam users and Forex Robot Nation team to send us their successful settings.
Forex Steam Settings:
This area will show new settings that you can use. We will only show settings that have actually been edited.
Kim’s modified settings:
- Stoploss: 40
- Takeprofit: 80
- PipsRetrace: 30
Colin modified settings:
- Stoploss: 90
- Takeprofit: 90
- PipsRetrace: 50
Abdul modified settings:
- Stoploss: 50
- Takeprofit: 70
- PipsRetrace: 20
If you have some settings you want to share, leave a comment below with your settings.
Hi, I just bought Forex Steam. I think the same questions as above. I’m looking for a setting recommendations or at least a setting that was used as in the statement.
It seems I can’t backtest it, so I can’t figure out what to change from the settings.
Could you please help.
You can backtest Steam, if you are struggling, email support for help.
Looking for good steam settings, im currently losing 6 out of 30 trades, and my loses are double my profits. What can I do ?
This really depends on how you are using the software Deon. If you are just starting out, you’ll want to stick to the basics / time restriction. Based on what I’m reading here, I assume you are trading outside of the normal recommendations.
Hi, thanks for the reply. Just using standard setting which come without time restrictions. Are there time restrictions you would recommend?
Yes, see the time restriction blog post on the Steam website, it gives good suggestions for this.
SL setting and TP setting and Retrace settings do not affect the trading algorithm. So talking about “suitable setting” is pointless discussion. Best general trading mentality is still this since price action is still sadly mostly random. Yes, mostly random. Have a generous SL setting and a very easily attainable TP. And above 70% winning percentage. That’s all you need to win in the long run. I really don’t think having a TP bigger than SL is the smart way to go. It is some bizarre ideology floated around by amateur retail traders. Professional traders do not trade that way. Their SL is always much bigger than their TP. If your TP is too big, you are just simply wasting time with floating trades.
Actually, vendor has been trading the same way from the very beginning with $3,000 deposit with TP of 10 pips.
Those settings above differ completely from the settings used by he vendor, in particular the TP setting. The robot uses a much smaller Take Profit since it trades much larger lots. Can you tell me what kind of results have been achieved with the higher TP settings being used by the above contributors?
I’ll just take it right off the site. Thanks for your feedback.
Can you look into getting the annoying “follow me” on Facebook, tweet etc …. widget, app, frame or whatever it is out of the way. I think that some where on the right-hand side would be less intrusive.
Thanks in advance
these are your settings for the forex steam lite version that’s supposed to be set to 10 pips profit and 90 stop loss?:
Well, these settings replace those, yes.
Which Broker are you using??
Do you also know the broker for the Forex Steam online statement?
I am using FinFX, same as Steam.
I don’t have any setting to offer, but i thing you should also ask those guys that provide each of the above different settings to also provide their statements, this is simply to know the suitable settings for the robot.
I have always check on steam performances through your online statement except for yesterday and today, and its awesome so if there is a better setting let us all know through your statement.