Forex Steam Review

by Forex EA Top Team
Forex Steam

Forex Steam is a trading solution that was introduced many years ago. The main statement is: “#1 Forex Robot of all times. 10+ Year Proven Track Record. Relied On By Over 6000 Clients. Free Updates For Life And No Upsells. Active On More Than 10000 Accounts.”

Forex Steam presentation

Forex Steam Features

Let’s talk about the system’s features:

Forex Steam Features
  • The robot works automatically on the MT4 terminal.
  • There are clients in over 100+ countries.
  • The developers have over 25+ years of Forex-related experience.
  • The robot is delivered with a user guide.
  • There are free updates and optimizations for life.
  • There are four real licenses provided.
  • The robot has been working for over 10 years on the market.
  • They have over 6000 clients.
  • The system has a Holiday Filter that helps to avoid trading during High-Impact News periods.
  • The system has advanced Retrace Technology that should increase profits and decrease losses. The developers didn’t explain how they can reach these results and what we should expect from the system.
  • There are High Spreads and High Slippage filters.
  • We can use it on ECN brokers.
  • There’s a Trailing Stop feature to trade trends all the way.

It’s everything we know from the presentation.

Forex Steam. The developers hide information from us about the company they registered.

The developers hide information from us about the company they registered.

Forex Steam. The trading frequency is quite low for this type of trading advisor.

The trading frequency is quite low for this type of trading advisor.

Pricing

Forex Steam Pricing

Forex Steam costs $117.99. It’s a one-time payment. The package includes all versions of Forex Steam, four real account licenses, free updates, and upgrades.

How it works

The system doesn’t require us to interact with it during trading activities. It’s a fully automated trading tool.

Trading Strategy

  • The presentation keeps silent about the strategy behind the system
  • It works with EUR/USD.
  • We can run it on M5-M30 time frames.

Trading Results

Forex Steam Trading Results

We have a backtest that was introduced as real trading results.

Forex Steam Trading Results

The deposit was $1000. It has become $10,415,133 of the total net profit. The rest of the details we don’t know because there’s no spreadsheet published.

Fake Trading Data Analysis

We’ve found a single real account that was abandoned over five years ago.

Forex Steam Myfxbook

It was a real USC Cent account on the ProfitForex broker. The system worked automatically with 1:500 leverage on the MetaTrader 4 platform. The account had a verified track record. It was created on January 19, 2015 and deposited at USC200.  The absolute gain was -19.15%. An average monthly gain was -2.87%. The maximum drawdown was 29.24%.

Forex Steam advanced statistics

It has closed 131 deals with -391 pips. An average win was 16.62 pips when an average loss was -154.63 pips. The win-rate was solid – 87% for Longs and 89% for Shorts. An average trade length was 15 hours and 35 minutes. The Profit Factor was 0.85.

Forex Steam trading results

The system traded during the whole day, focusing on the American and Australian trading sessions.

Forex Steam trading results

The most traded day was Wednesday, with 34 deals.

Forex Steam trading results

The Stop Loss levels were ten times higher than Take Profit levels. To be profitable, the win-rate should be 95%, not less.

Customer Reviews

Forex Steam Customer Reviews

Forex Steam has a page on Forex Peace Army. The rate is 2,854 from 5 based on 197 reviews.

Forex Steam Customer Reviews

As we can see, the developers paid for reviews.

Forex Steam Customer Reviews

The system wasn’t profitable.

Forex Steam Customer Reviews

The developers hid negative trading experiences. The traders couldn’t be profitable and get a refund.

Forex Steam Customer Reviews

As we can see, the win-rate is far from 90%. The real one was 70%.

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