Forex Steam Review

Forex Steam is celebrating its tenth anniversary on the market. The EA is developed by Steam Ltd, Canada. The company is known for another similar product – Forex Fury (link to this review). With Forex Steam, the company aims to offer a comprehensive solution enabling their clients to trade effortless and save time.

Forex Steam Overview

Forex Steam trades predominately in major currency pairs like AUD/USD, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, USD/JPY, etc. The time slot of the trades is 00.00 to 06.00 am GMT. With over 10,000 active users worldwide, the EA has established itself as trusted automated software.

The latest version of the software is from last year and is designed especially for MT4 and MT5 platforms every 5 minutes. Additionally, Forex Steam allows you to trade on four different accounts simultaneously, and developers promise free updates once you purchase the product. Let’s take a look at the features the forex robot offers.

Forex Steam Features Review

Instant Download

One of the most significant advantages of Forex Steam is the instant download. No delivery waiting, no installation disks. Once you purchase the product, you will be sent a link for download. Additionally, new traders with no experience in using forex robots can benefit from a step-by-step video guide on installing and setting the EA.

Continued Testing

One of the reasons Forex Steam has managed to remain for so many years on the market is continuous optimisation. Furthermore, once you purchase the product, you will keep receiving free updates regularly.

Customisable

Forex Steam comes with built-in settings that will be suitable for novice traders. Still, more experienced ones can use the option for adjusting the setting to answer their requirements.

Advanced Retrace Technology

The Steam retrace technology is developed to assist traders in limit losses. It is implemented in the first version of the software and been updated several times after ensuring it remains with the dynamic market.

Advanced Holiday Filter

Forex Steam has some exciting tricks under its digital sleeve. The holiday filter is one of them. As the name suggests, this filter allows the trader to avoid holidays that trigger unfavourable market condition. The software comes with a pre-installed list of holidays, but also you can add more yourself.

Spread Filter

Another interesting feature is the Spread Filter. Its function is to make sure the robot only opens trades in feasible market conditions.

Forex Steam Trading Strategy

Forex Steam doesn’t use one ongoing strategy. Instead, the strategy changes with every new realisation of the software. In the latest edition, most of the traders (according to customer’s testimonials) use it as a time-restricted scalper, which allows them a slow but steady growth in their accounts.

Forex Steam Performing Results

The developers’ trading results on their website are for up to 4 years and have been verified by Myfxbooks. They show a consistent growth of 5% to 10% per year. This shows that the team behind this software strives to provide their customers with reliable solutions for years ahead.

Forex Steam Conclusion

According to customer testimonials, Forex Steam is among to top-ranking EAs currently on the market. It comes with long-term history and proven trading methods.

Pros:

► Longevity on the market

► Free updates

► Reliable customer support

Cons:

► No clear trading strategy