Now, it should be noted that this is not the proper way to share the trading results for an automated system. We don’t know the details of the strategy used by forex steam. The vendor mentions that it is a trend-based strategy, but does not elaborate further on the topic. In the absence of proper strategy insight, it becomes difficult for us to rely on this robot for live trading. The vendor offers 4 software licenses for this EA and also reveals the identities of the team members. But while the robot is reasonably priced, it lacks a verified track record.
Furthermore, the losses that I can see on the statement show that one losing trade is twice the size of a winning trade. If you are looking for a forex robot that has up to date verified results, then you may want to consider the Forex Flex EA as an alternative option instead. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page. The Advanced Retrace Technology retrace technology implemented within Forex Steam is a feature that will try to maximize winning trades will limiting losses. This innovative technology has been a part of this forex robot since its inception and is constantly being updated to ensure it remains relevant in todays market conditions. The retrace technology is combined with a low risk trading approach that can be used by forex traders of all experience levels.
Also, have a quick look at features and verified trading results before you make your decision. Some of the advanced features are also listed on the Home Page, giving users a sneak peek at what exclusive benefits they’ll get when they invest in this software. You should not consider investing in this Forex EA, primarily because it does not have a verified track record. It is possible that you will suffer large losses through this robot, and the absence of a money-back guarantee makes it an even riskier investment. To get started with this robot, you should use a minimum deposit of $300 to $500.
Forex Trading is short for Foreign Exchange Trading and refers to the profit or loss that is made by trading different foreign currencies against each other. On the official website, the vendor has provided backtest trading results in tabular format. Taking into account that the backtest can not be verified, it might be manipulated by the devs to attract traders and make them buy the product.
Our tests have been running many years, and we are always looking to increase our win rate. Open some more tests, do some simple back tests to make sure the settings are right. Trustpilot client reviewsThere are many Trustpilot reviews showing how happy the average client is with the EA. Williams %R – which is another momentum analysis tool measuring overbought and oversold levels. It’s also important to understand that there is no tool available that could help you become a millionaire overnight.