Today I’m looking at a long-term automated Forex trading robot has been providing traders with thousands of pips for years, Forex Steam. This isn’t my normal binary options review, but it’s long overdue that I introduce you to a system that I’ve been using personally for over 5 years. With very little positive in the binary options market right now, it’s the perfect time to expand your trading horizon and take advantage of opportunities in other markets.
The EA is owned and operated by STEAM LTD, located at 1635 Cork Street EAst, Guelph, Ontario, Canada. Traders can get in touch with the support team via support @ forexsteam.com, or the contact form on the web-site. The support team for this product is one of the most helpful and responsive I’ve ever had the pleasure of dealing with in any market.
Contents
Forex Steam Review & Overview
With years of updates and market analysis, the Forex Steam software is an automated tool that generates passive income in the Forex marketplace. The creators have over 25 years of combined experience, and are frequently providing traders with new ways to succeed.
Currently on version 9, there are rumors that version 10 is just around the corner, and will be provided free to all current customers. The software has undergone many updates in its over five-year history, which has led to many new features and that are trading results.
- Advanced News Filter
The advanced news filter is now commonplace in the Forex market, but most traders don’t realize that Forex steam was one of the main innovators of this technology. In order to sustain long winning streaks the developers felt it would be best if they created a filter that ensure the software would not trade during high medium and low impact news events. Personally, I only use the news filter with the high impact news events because I feel these are the only types of market shifts they can have a negative impact on the software.
Since the advanced news filter has been introduced to the system, the robot has been able to win up to 30 straight wins in a row on multiple occasions in the past few years, with no human intervention.
- Advanced Holiday Filter
The advanced holiday filter is much like the news filter, as it ensures the software does not trade on specific days where the market may shift uncontrollably. This type of technology is required when you are dealing with a fully automated system, but it hasn’t been introduced into a single fully automated binary options software yet.
- Pip Retrace
The Pip retrace feature has been involved with steam since the early days. This feature provides a sense of security, because it defends traders from major market swings that would certainly result in large losses with other trading systems.
- Trailing Stop & Break Even
The trailing stop and break even settings are not activated and the default settings file, but are excellent opportunities to customize and build your own strategy for those more advanced traders.
Feedback From Real Steam Clients
The community feedback for the Forex Steam software is market-leading. On FRN there are over 700 positive comments and FPA has over 100 positive reviews. These types of numbers are very difficult to come by in the Forex market, or in any market for that matter because people are more likely to leave negative reviews than they are positive.
That’s just the way of the world. I’m guilty of this as well, because when I get a product that works well I tend to set it up and forget about it. People who are angry, or frustrated are always more likely to leave reviews. So to see a product with hundreds of positive reviews is a breath of fresh air.
Something I see frequently with the steam system that I don’t see with other robots, is consistent conversation about different settings and trading approaches. This is how I know the comments are fabricated, as they are talking about real trading logic and different ways to win.
Live Trading Results From Verified Sources
I am a big fan of the transparency provided by the Forex Steam producers. The developers provide a trading account, and there are also trading accounts provided by third-party sources so we know that the software runs as it’s intended to.
Independent Account:
Today I’ll be showing you an account that has taken relatively small deposits and turn them into substantial profits on 100% autopilot.
Update 2020
I continue to use Forex Steam on a daily basis, as it’s one my most relied up on trading systems. I appreciate the fact that it is 100% automated, and doesn’t take any of my time, which allows me to focus more on my binary trading, utilizing effective binary options software and signals services.
Steam is an easy decision, it’s a truly passive income, that will win you money while you are sleeping. The client reviews continue to be positive, and so does my experience. Sign up with this EA today.
With update after update, now on V10 with 10 years of trading history and market success, this is a fantastic option. A trading program that I run on my accounts every day with no worry.
Conclusion
Forex steam is clearly a market leader in the Forex robot market, and with a price tag just over $100 it is both profitable and affordable. With years of personal experience with this robot, I feel very confident in recommending it to every single one of the Binary Today readers.
Thank you for stopping by, and feel free to leave a comment with any questions or concerns you may have about this effective trading system.
Forex Steam $117.99
Summary
An excellent automated trading software with over 10 years of service to the Forex marketplace. Now on V10, Forex Steam continues to be head and shoulders above all other robots at the $117.99 price point.
Overall
4.3-
Price
(5)
-
Strategy
(4.5)
-
Results
(4)
-
Feedback
(4)
-
Support
(4)
Pros
In business over 10 years
Proven trading results
Built in money management and filters
Works in all countries
Works for all levels of traders
Cons
The “normal” version is too risky
Many parameters can be disorienting at first
Great robot, great support team, great price.
That’s all!
Do you have running this EA for live?
Pls what’s the best leverage to use for $500 deposit with forex steam?
Hi Vitalis, you can use any leverage you want. I haven’t seen it trade any different with different leverages.
Worth giving this a shot guys if you haven’t traded Forex before it’s a good place to start.
I just did a few weeks ago, and I’ve figured it all out.
Not much of a learning curve, but definitely fun to play around with all the different parameters. Lots of possibilities.
Yea, I’m testing time restricted right now.
I love that they give additional settings / setups over the years for free.
Hi XIXI, what are your results so far with time restricted strategy test?
Well looks like I’ll be giving this a shot seeing there’s a lot of positive feedbacks.
My Forex Fury racked up 25% in the last two months.
I wonder if this tops it. :)
Nice Zeo.
I am happy BInary Today added Forex to their list.
Steam is a good one.
I’ve seen a lot of discussion about a time restricted approach, trading just the Asian session with Steam.
Is anyone doing this? If you are, please let me know how it’s going.
Such a great trading product.
Steam is always helping me win trades now for over 7 years.
Beautiful trading.
7 years!? Wow!
Do you do any settings changes?
I’m getting myself a copy for Christmas!
I need an EA Forex Steam V9 to do? Please recommend it.
Hi Supoj, yes Forex Steam is a solid EA choice. I recommend it.
Have you signed up supoj? Let me know how it’s going for you please.
Steam is excellent.
I tried normal version for a few months but it didn’t really fit me. Then, I saw there is a light version that comes in the same package at no extra charge and so I use that now exclusively.
It’s really good for low risk expert advisors.
I love Forex Steam!
That is all :P
Hi there, new to fx trading. My current situation is a graduated student with massive student loan monthly installment cut. Been researching about FOREX STREAM for the past few days, willing to learn and take expert advises. What are your advice on start up money for depositing ? VPS ? Broker ?
Will the EA able to prevent trading during news ? or bank holiday ?
your reply will be much appreciated.
Hi Kira, this all depends on how much you want to deposit. You can start as low as $100 on a micro account with no issues. As for a VPS, and broker, these recommendations are in the Forex Steam members area. You get access to this after signing up. I recommend getting the EA first, running it on some demo accounts, and then signing up with a broker. This is the easiest way to get started fast. Yes, the EA has news / bank holiday detection built in.
What about the settings ? should it be default ? If depositing USD100 how much % would I earn for a month roughly ? What are the pairs recommended ?
Hi Kira, I run default settings. On $100 or any other deposit, the EA looks to gain compounding 20-40% per month. EURUSD is recommended.
Still going great in 2018!
I highly recommend Steam for new traders looking to transition out of binary.
Thanks for the update.
Hello, can you share your settings with us?
I’m running default settings Fred.
Loving Forex Steam!
The amount of different settings, and adjustments that can be made even by someone of limited trading knowledge like myself makes this very worth it.
Great EA. Your review of it actually led me to your site, so very impressive across the board.
I agree Brett.
Been with Steam for 4 years now. Easy scalper.
What settings u r using?
I use many settings. I have 12 licenses.
So, I run default on some accounts, time restricted on other accounts. Increase tp, increase sl on other accounts. Use trailing stop instead of retrace on a few accounts.
I run lots of tests and have lots of success.
@Don: Are you willing to share your trailing stop setting? I would be very interested in that. Did you use it for 24h running the EA or in the time restricted settings?
Hey John, I purchased Forex Steam two weeks ago and set it up on MetaTrader. Since that time I have had only two trades. I am using the default settings. Are there other settings I should be using so I can get some trades? I really want to get this to work so I can deposit some money and start making money. Any ideas?
Hi Keith, that is certainly lower than it should be. There have been many more trades than what you’ve seen. I would consider setting the news filter to false. I would also look into your lot size, it’s possible this needs to be made larger or smaller depending on your broker / size of your account. Open a few more accounts, test some different settings in this regard and you’ll be getting trades hand over fist.
Hi John,
For Forex steam results deposit of $3000, which broker is used?
Thanks
I believe it’s on a low spread broker Ibrahim. I recommend asking support because I’m not 100% sure.
I am strongly considering making forex a larger part of my portfolio – or simply moving to forex altogether! There are few binary options brokers who take clients in the United States, and the ones that do have been absolutely maddening lately. (Admittedly I have not tried your current recommended broker for the United States. I just withdrew from a broker who has gone downhill and I am trading on demo for a few weeks while I try to find the best times to use some of your binary options software.)
I used Forex Fury for a few months when it was first introduced to market. I do not recall why I stopped using it, because I made quite a bit of money with it. I hope you do not mind me putting your link to the Forex Fury software, which is https://binarytoday.com/forex-fury/
My husband has stage four prostate cancer and we own a business in our local community. I am certain that those stresses are adding to my frustration with trying to trade binary options. Your review on Forex Steam (I also have seen the software over at FRN for a long time) is giving me some encouragement to go back into forex – both by purchasing Forex Steam and also by using Forex Fury once again.
Thank you for your comment Jennifer. I am sorry to hear about your husbands condition, and wish you the best in all endeavors.