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September-November 2012: Large numbers of highly suspicious positive reviews submitted for this company.
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Guys becareful buying this product. There are a number of false reviews on a number of sites that say they have reviewed the product. One huge issued they do not update their results sheet. A number of traders have complained that even though the running VPS they still getting different results some day really lucky to have a break even. Do your homework on this there is no money back return or linded MyFX results.
the steam trading robot is a good type of trade. i have been member for 6 year and think very strong about steam. this is what everyone should use if they want win from today tomorrow and next week.
I'll keep this brief. Steam light v9 is the best starter robot anyone can purchase. The support team guide you through the process, and teach you what you need to know aobut automated trading. All while picking up pips in the process. perfect.
please I look for reason and always win. I use steam software most 4 month, I only lose on 3 trade and win over 40 trade.
For what it's worth, I started with ForexSteam on Feb 25, 2017 I stopped the EA trading on Jul 23, 2017 and I've lost a little, <$20. From what I have seen there are some good trades then there will be a big drawdowns. I'm currently awaiting their support to help me. I will keep you posted as to my progress. If anyone wants to see my account detail trades (MT4 report), I'll be happy to send them.
THIS ROBOT IS 5STAR TRADE.
WIN ME WITH LIGHT VERSION 9 ALMOST EVERY TRADE AND LOSS ONLY 20 PIPS WHEN WIN 10 PIPS. VERY GOOD RISK-REWARD/.
steam met my expektation, not always win but win more than lose. and with ea thats good cuz every other ea i use is just losing a lot. i expekt to make 30-60 PIP from the steamLT every week and it pretyt good at meetin this expektation.
NO WINS. ONLY LIOOSING MONEY.
THIS ARE NICE BANDITS.
ONLY AN NICY CUSTOMER SUPPORTWHOW STEAL YOUR MONEY.
It has worked well. Its strategy is to get a small handful of pips during the quieter hours of market trading.
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Forex Steam.
System Description: Forex Steam Light trades the EURUSD, attempting to catch small chunks of trending moves after a retracement. If a trade goes against you, it will adjust the Take Profit to accept a partial loss on the trade in hopes of avoiding the full stop loss.
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Forex Steam.
This is an entry for a Forex product called Forex Steam. The official site for this product is at forexsteam. If you’re looking for more info about this product follow the link.
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Hi I checked some reviews and performance.
Pls can you explain the reason of SL (usually 20) but some cases 50 or 150 (August 2010)
are you using different setting now ?
Thanks and regards.
Just a warning about this EA, I did not heed to previous warning and spent my hard earned on it. This EA (light version) is an exact copy of the Euro-Blaster v7.2 , while the full version is a copy of RSI_MA_Scalper which is available for free. I have put in a request thru paypal to get my money back, so will see how it turns out.
After having lost quite a some in real money, have tried to get a refund…NO ONE ANSWERS! ITS A SCAM!
I have both the EA’s running at the same time and they take totally different trades. Seems to be the same back bone but I am doing really well with forex steam light.
Forex Steam is just a junk. My LIVE result and MT4 live result (forexsteamlight. mt4live/) is completely different. It seem like they only showing the best part while the worst part is hidden. Check at forexrobotnation… they are not honest to their client.
My results match up pretty close, I’ll add them when I get a chance!
Jacob can you please post your results? I just got this product yesterday and will post all my results from a demo account weekly.
Hey folks I was thinking of buying this product, any chance some one can send me some back tests (:
Has the light EA been winning over the last 4 months or spinning the wheels?
I knew this one was to good to be true. Same as Million Dollar Pips. All crap.
Steam is not a scam, I know this robot has to be run on the right borker, like alot of different robots, there are alot of crap brokers out there that dont like people trading with EA’s and thats why your having problems with steam. I’m running it on a broker called Hot Forex, all my robots run so much better using this broker, they are an ECN broker, reletively new and they give a 50% bonus on every deposit into your account. So if your having crao results, try a few different brokers, trust me it makes a big difference.
On their website one of their bulletpoints deals with the matter of brokers:
· Stealth: This is another element part of your protection plan with Forex Steam. Using this just keeps you out of the pesky broker’s radar.
If that is true, then one would not have to use a particular broker as Don is suggesting?
That aside their live statement looks very good, but getting conflicting reports here. I do know that ForexRobotNation can not be trusted. It would be good to get more feedback from users using it ‘live’
Forex Steam is a SCAM.
Their “live” account is completely fake and fabricated. It’s been publically proven on other sites like Donna forex.
If they have to fake their results to get you to buy and you fall for it, then you deserve to lose your money.
I bought Forex Steam Light a few months ago and I could never get it to work on my VPS so I had a refund. The only Bot I have ever actually paid for is Forex Megadroid though I have tried loads and the only reason was, I missed the deadline for getting a refund. It does occasionally make a profit but it is so intermittent and slow. The only EA I have had any real success with is Forex Luger which nobody seems to have heard of and I think is quite old and I was given that by an Austrian friend of mine.
If you are on of those lazy traders who wants to get rich using robots you are dreaming lets get real. This Forex Steam is a BIG LOOSER so keep yor money. This rubbish EA HAS A VERY FLAW IN ITS MONEY MANAGEMENT. It uses a very big 90 pip stop loss to gain 10 pips. It might hit 7 wins and by the eighth trade it has increased the lot size and thats when its pips retrace kicks in but it wont function if the trade continues to go north or south beyond 90 pips. You might have a big smile in your first week but that is sure to be wiped out pretty quickly. If you think you will get support just forget about it. Thse scammers dont care. They just want you money. If you are still eligible for a refund get it quick and forget your bad dream.
I hope this helps you suckers out there.
Anyone has live results for this EA? Just bought it and turned it on. Lost about 90 pips recently. Just wanna confirm with earlier live account users if it worked well in their accounts.
Tried this EA on a 5 digit demo account and it wouldn’t trade. I then tried a 4 digit account and it trades. Has anyone else experienced this.
Here is a link to some.
Forex steam is fine, but need to run in this EA in VPS. To be safer, modify S/L manualy with ratio 3 to 1.
Take a close look at their trading report, for one its not live, heck its not even demo. It’s a complete fake. If you look at the order numbers and swaps closely shit doesn’t add up. It’s also not updated live on a regular basis, jeez I wonder why!
STAY AWAY FROM THIS SCAM!
This product is a scam. You notice that there is no open trade column on the live trade they have on their web-site. This is to cover up large losing trades. Also, they won’t refund your purchase even if you produce the required statement of trades and within 30 days.
As said, this system had been making some money consistently here, but one day it reached the 90 S/L and most money is gone. I checked and the single 90 S/L trade simply is not shown on MT4Live. Most others are quite close to those shown though. It wins over 80% of the times. I am not sure if we can call the system a scam. Perhaps only time could tell.
The publishing of trades is delayed by a full day for good reason. People could just copy the trades if they are published with zero time delay. And MT4live publishing details are impossible to fake. So stop yelling scam. How can your live trades differ from MT4Live publishing? It can’t. People just make crap up here, I swear. Also, how can on 90 SL hitting wipe out your account? What are you risking per trade anyway? What is your leverage and balance? And as you can see from the MT4Live publishing details, all trades match up. It is the newbies making utter crap comments on here. I think either they are truly retarded or have some bizarre ulterior motive. I realize that you are retarded but you can’t even be honest?
I agree with Jonny. The commentary here is just awful. The trades should be delayed so people can’t copy, but that’s just the start. The people that claim the results are fake are clearly competitors. I use the EA, my trades match up always because I follow their instructions and update regularly. Just a handful of people trying to bad mouth a good thing, too much of that on the internet.
For the hype. This is what I call traders Integrity. Who’s honest and who’s not?
and that is what life is all about -“B..LS..T”
All you can do is trust your own results. This is a much maligned system for no reason.
My trades match up with theirs every step of the way and because of this system I have been able to increase my trading accounts substantially over the last two years.
Really impressed with the latest version 5.2. Bought Steam over a year ago but didn’t even start using it live until the last 4 months. Really happy with the way it is trading!
I have been running this EA on two different small live accounts and on a $1000 account the 90 pip SL is way too high, this can actually wipe out such a small account !
After about 9 months of running the EA with the default settings, I changed the SL to 25 pips and the EA performs very well now, should have done that already when I installed the bot.
What I can see is that there are differencies with the brokers. Last years performance was on one broker +242 pips and on the other +797 pips.
On the 1st of February I started running this EA on a third broker and it’s 115 pips up now (SL25, TP10)
I have tested many EA’s and have to say that so far this has performed much better than any other !
Forex Steam is rubbish EA. It will produce negative result after 2 weeks. Then mr. Paul ( forex steam support)will tell you they will never accept refund. ( But their website stated very cleary that lifetime membership includes 30 days money back guarantee)
They are all scammer selling rubbish EA!!
Hello, my results for April were very good; 31 winners at 10 pips and 6 losers at 20 pips. I will say that my trades do not match up with the MT4Live results exactly. For example, on their last 15 trades, I only matched up on 10 and did not have 5 of the 10 pip winners. Overall, I like it but I can also see the frustration that some people are expressing regarding lack of response with questions to Paul. He seems like a nice person and has helped me hen I initially bought Steam V6 but there have been other times when I asked questions that were never answered. I have a question for those who say that their trades match up exactly. Specifically, my question is to Jonny who posted on August 10, 2012 3:37 pm. Which broker are you using? I was surprised by the differences regarding which broker you use.
Steam is still the best system I have ever used. Over the past three months I have made over 430 pips. It is the only automated system that I use today and plan on using as long as they plan sticking around.
I wish that people like Hans on FEB 4th 2013 would put the names of the trading platform he uses with such good success so as other people can achieve the same results. It would also help stopping the bad results comments so please get him to supply the names of the platforms and it will make people aware he is not connected to Steam.
Steam has been doing very good for me. I am using the new Light 6 Version. It is worth checking out.
Version 7.1 released!
It’s improving and some people are getting results.
Those who have it, can you share here the configuration of both EAs (M5 + M30)?
I can’t believe all the negative reviews Forex Steam is having, I’ll say it is the best Forex Robot in the market. I’ve seen the results on the Forex Robot Nation page and it had has a lot of losses but that’s part of the strategy to be a winner in the long road. There’s no such thing as a Forex Robot without any losing trades. If you see statements on Forex Steam you’ll see it’s a winner in the long road. Better than the hyped FAPTurbo.
I have looked for ages to find a good, low risk, EA.
I bought Steam a few weeks ago, ran it on a demo account first with VPS, mainly to make sure the settings were right and it was trading. It did, and had around 5 winning trades (+50) with 1 loss (-20).
Then I put it in my live account, I have had 6 trades sp far, 5 of those are wins (+50 pips), but then on the 6th trade it hit the 90SL (-90) (Today 23/01/2014). I know the ‘live MT4 statements’ on the Steam website do have a few -90 SL’s on them so I am hoping it’s just normal and unlucky I have got one so soon.
If it happens again so soon, I will come back and update, and then maybe try changing my SL from 90 to 25, 30, or 40. If anybody has tried different SL’s or even settings with steam that work with low risk, please please comment!
CJ. The day 23.01.14 is a bank holiday you can see in the bank holiday file is incl. in the current update. Cause the risk, i would keep the standard settings like they are at SL 90pips.
all, if someone would post the brokers give back good results would help all here. I am still testing so i don’t post my broker. My tip is to test a few other brokers and see then if the results let show.
I have a loss of -96 pips today (28 Feburary) although today is no bank holiday after Forex Steam’s bank holiday file. Someone can report this loss too? Also what i wonder why is the “standard” stoploss setting of -90 pips passed? Therefore i doubt this software can keep the stoploss settings in general.
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Forex steam

Forex Steam is the longest running robot of it’s kind with the most active group of developers in the market.
Forex Steam is a 100% automated trading solution. With over 25 years of experience in the Forex market our team has put together a system that provides long term growth in a low risk environment.
We have been able to outlast every other system in the market during our time by updating the software frequently and staying ahead of the curve. We know that Forex trading isn’t static so we continue to develop the system and add new features.
On the right you will see some of the important aspects of the Steam software and if you scroll down you will find results, features and more.
Instant download after purchase (includes free installation and video guides)
Continued testing and optimizing, providing free updates regularly.
4 licenses which can be used or reused on demo or live accounts.
4 years of real live trading proof showing long term success and big gains.
Easy to customize features with advanced filters, trailing stop, break even and more.
The reliability of our software is proven by the consistent rise in winning percentage over our history. On the right hand side you will see the amount of days the tests have been running.
2014 WINNING PERCENTAGE.
2015 WINNING PERCENTAGE.
2016 WINNING PERCENTAGE.
2017 WINNING PERCENTAGE.
VERIFIED TRADING RESULTS.
Full trading history with Forex Steam Light.
INDEPENDENT TRADING RESULTS.
Results provided by Forex Robot Nation. .
Check out the most recent history of Forex Steam in this image here.
Our goal is to provide long term gains for our customers and ourselves. Not only do our trading results prove that we are following our mission statement but also provide insight into the positive future of the software.
Newest Trading Results.
30 straight wins.
Learn why Forex Steam is years ahead of the competition and why this Forex robot has every edge on the market.
The Steam news filter allows for our software to monitor important speaks, high, medium and low impact news events and avoid them with pinpoint accuracy. The software will continuously watch for these types of updates and depending on the settings will avoid any trades before and after the event. This feature allows us to avoid large market moves and keep the software operating at low risk.
The Forex steam holiday filter gives us the opportunity to avoid holidays that create unpredictable market moves. We have a pre-installed list of holidays we want our clients to avoid. Have a day you don’t want the software to trade? You can add it into the holiday file and the software won’t trade it.
The retrace feature helps avoid any large losses by giving us a secondary stop loss. If the system gets into a negative trade the retrace will be able to evaluate the direction and decide whether or not we should take a small loss or continue to wait to return to profits.
The trailing stop feature allows us to set a moving stop loss behind our trades so that we can let them breathe and pick up larger wins. The break even feature is similar except it sets a hard stop loss that doesn’t move once the trade hits a specified pip value.
We currently have over 1000 active successful customers. Every once and a while one of them s us their thoughts, here they are.
Forexsteam I use and I'm quite happy. I first tested on a broker account with € 100 and it did not work well. I contacted support and I immediately had the answers to my questions. I then tested another broker and then the robot works. All my trades are made ​​exactly like the demo account. It is extraordinary gains made ​​with Forexsteam. Advice, read the instructions, install exactly as advised, choose a good broker (eg those recommended) AND WIN. A very good EA A serious team Some very good gains I hope that in 20 years they will always be there for us and not withdrawn their island.
I rated this system as excellent which is "far better than expected." This is because I had very low expectations going into my use of this software. I read online multiple positive and negative opinions. Wasn't sure who to believe so I just tried it for myself. Happy that I did, I am gaining about 60-80 pips per week on my live account which exceeds any other tool I use. Hope they continue providing updates and value for years to come.
I am still using Forex Steam and I am happy to hear that the release of version 7 was just announced. I had a tough couple of weeks but the last few months have been excellent so nothing to worry about. I plan on using the holiday filter and even the time filter to customize Steam a little bit more to fit my schedule and when I feel the market is going to be the calmest. I find Steam works extremely well when there is very little movement so I try to monitor weekly expectations of the pairs I trade that week before setting it up. Keep up the good work.
I have been an active user of Steam (Ver 6/7) and have been nothing but pleased with the resutlts. Sure you have your typical ups and downs but this is part of the process, anyone who is not seeing the same must be having user issues as the platform is bulletproof in my experience. I have recommended this to many of my peers all of which are pleased. I never thought I could say this in the FX market but this actually works. There was a point when I was using others and had almost given up on the whole process but then I figured why not I will give this (Forex Steam) my last shot and have never looked back.
I am actually quite pleased with steam. I've used steam for just over 2 months now, and honestly I think it's the best E. A.. I would definitely recommend this for *new traders like me*, who do not currently trade FOREX, but want to start!!
Just as I sat down to write this review Steam locked in £12.83 profit on EURUSD, three hours earlier it did the same with USDJPY. I have been using Seam for about two month on my live account and three month on my demo account. Now, think about it, would I still be using it if it didn't make money? So, I am not quite sure what the negative feedback is about, but what ever it is, I am sure guys behind the Steam can sort it out, just have to stick to what they say, or maybe someone is trying to damage Steam's reputation so that they can sell something of their own. The strategy that they have built in to this robot is great and now Steam 7 is even better it takes care of bank holidays and news when the market becomes more unpredictable. I tend to follow the market my self as well and not leave it on its own, but I got to say Seam predicts the market very well. So far my live account grows every week. I have had losses as well, but that comes with trading which ever method or strategy you use. Also, got to make a habit of checking their website every day for new Steam updates and warnings about choppy market. Keep up the good work Steam, I like the name as well it is awesome. Thank you.
Hi Guys just wanted to pop in and toss my 2 cents in the proverbial bucket here. Now, I have been a actively trading for over 17 years now and would be considered..well. for lack of a better term, old school. That said, this amazing tool has shed some new light and opened extended my trading options. First I am not a big fan of Bots or automation in general but this little program has mad me a believer. Usually I'm a bit Leary about re recommendations but I decided to go live with their suggested broker and let me just say. I was and still am extremely pleasantly surprised with the results. Now as with most things of this nature there will be a few set-backs but to date those are by far out numbered by the upside. I recommended this product to several colleagues of mine both because I trust the product and to be honest and I hope they don't see this-lol. to kinda use them as a gauge to see how others would fair with this tool and lets just say they are all still my friends and have gained a bit more respect as a result of introducing the to this Money making Machine. Had a few questions and concerns in the beginning but this support team was right their to help me navigate through these minor issues and I want to thank them for that. You Guys are Awesome. THIS PRODUCT IS AWESOME!
Tested this EA on a demo account after reading all the "hype" from other users/subscribers with quite some scepticism and low expectations. ran it for all of 48 hours and I have now moved it to run on a small balance live account! 15 trades - 13 wins and two losses, wow! This is the real deal! If you have some experience with MT4 and EAs I suggest you adjust some of the settings to suit you. for example I changed the max lots to be traded from 0.1 to a micro 0.01 because of the size of my small "test" live account; I then also changed the risk from 10% to 5% and voila 30 minutes on, I have 5 open trades and 3 are in the money already. let's see how that goes over the next while!
This EA is SPECTACULAR. Period. I'm running it live with their recommended broker and it pumps out winning trade after winning trade. I am running the Steam Light version 6, using all default settings, and am NOT using some of the more advanced features that are available but am happy, happy, happy. How happy? In the next couple of months, I will be able to quit my job and just let Steam run. That's happy, boys and girls! My advice: get it, run it, follow the instructions and don't mess with it. For once, a product does exactly what it advertises.
It definitely has ups and downs but it has been consistent with the winnings. I just talked with the support team and I told them I came across this page and that I would write about my experiences. I'm not going to say this is the holy grail like everyone talks about when it comes to Forex robots. I will say though that this is one of the very few systems I have used that I can trust. It is not perfect, and if you try it for a month and lose, or try it for a week and lose and give up then your really not going to succeed with any method. Have a little patience, like I have and I preach in my Southern Ontario trading group. There are about 15 of us who use Steam and we help each other succeed with it as the main automated trader. I think having a group is very important and that you should look for one local to you, it helps to strive for success as a team.
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No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. Be warned that there is a possibility to lose real money if traded on a real money account, and the owners of Forex Steam can NOT be held accountable for any losses that may occur.
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