ForexSteam.com

moe_12345

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I have tried this EA and had large losses and small profits...
I have to concur with this initial finding...small wins and then wham, big loss wipes out all the gains and more...been running on a demo account thus far and I have to say its not encouraging at all. Some auto trades have inverted TP and SL values...a LONG trade would end up having a TP lower than the trade price...illogical.
 

moe_12345

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4
4 licences means you can input 4 different MT4 account numbers into their client area authenticationnprocess...doesn't amtter whether DEMO or LIVE.
 

vsine

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5
Forex Steam V8

Let me share my experience and hopefully someone can help me out here .. I purchased ForexSteam on Sep 30th, 2013 (paid US121.14 including download protection) after reading Pat's blog in ForexRobotNation. I did not subscribe to FinFX and the VPS that it recommended because FinFX charges $29.39 for a $1K fund deposit via credit card which I think is expensive for me. Since the FAQ says "any current 5 digit brokers", i decided to use my existing broker (Mayzus) and my existing VPS hosting (BBVPS). Pat from FRN was helpful. To get me started, he sent me the "lightversionset.set" and explained in email how to get it loaded. I got an error "FFCal: cannot delete file C:\Program Files\MetaTrader 4 FinFX\experts\files\10-1-2013-EURUSD5-FFCal.xml" after installation which I contacted Steam Support and Support Specialist Paul said the error can be ignored. He recommended using light V7 instead. I traded live with USD 3K fund. I observed that the EA was not trading at all so I email to Paul again and he that "This is normal, sometimes it will go 24-48 hours without a trade if the market is not suitable". It finally traded 2 days later. Is good news because I knew it is indeed active but the bad news was, I have a floating lost of $126. On the same day, I received a newsletter (from FRN, not from Forex Steam) saying that ver 7.1 is released. I email Paul again and he advised me to "try to upgrade a little fast, will keep you ahead of the losses." ! I did. Despite that, I lost $300 with another new position opened by V7.1 at another floating lost of $36. Looks like Steam is not working for me. I asked Pat if I should ask for a refund and he said "giving it some time. This is a long term system I've used for years. It isn't a get rich quick type system. You will have your ups and downs". I waited and for the next 2 days, Steam won $66 but lost a total of $600. My account balance remains at a lost. I did a printscreen of my account and with the settings provided by Pat, I send to Paul for advice if there is anything wrong with my Steam EA (v7.1). Paul replied on 16th Oct. "Sorry to hear this. With the US govt shutdown, the EURUSD pair is acting very erratic and a lot of our customers have shut it down. We are admittedly having a tough time with the market moves during this time." I stop the EA. Question: Is news filter working ? Why hasn't there been any communication ? When the tides are over, will there be any communication to customer who has "shut it down" ? I reckon the SL = 90 is probably one of the reason I got wiped dry. So I decided to try my own money management which Paul advised me "If MM = TRUE it uses Risk to determine lotsize". What follow was another $200 lost. I halted Steam v7.1.

18th Dec, I received another newsletter that V8 is now available. When I downloaded it and google for others' feedback on v8, I found out that there is a video made on v6. The video talks about DSTOffSetHours settings. I reckoned that NewsFilter in v7.1 did not work for me probably because my VPS & Broker was on a different time zone. I followed the explanation on v6 to determine DSTOffsetHours to set but apparently, dragging and dropping it on the FFCal onto EURUSD M5 chart does not work. No information was showing up on the screen. Paul has not replied my email since 24th Dec, probably because it is the festive season. Since I can't ask for refund, I am prepared to give v8 another try. Manual is so badly written, Steam & FRN website have limited info and examples (no forum), support hasn't been forthcoming as everyone has claimed. I am not saying that Steam will not work, probably is my settings, broker, VPS, etc. Maybe some kind souls here can help me out.

I am on Mayzus, 1:100 leverage, $1K USD funding, BBVPS hosting.

Thanks.
 

Seahawk87

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7
As of today Forex Steam has served up 40 consecutive positive trades in our live account. I think it's amazing. After a shaky start (full story here: http://www.forexpeacearmy.com/public/review/ForexSteam.com) we're very pleased with the results so far.
I think your review is with the name: Bob Alexander, British Columbia, Canada ? From when were your 40 consecutive positive trades? I use this settings for a while and at moment there are a few -50 p trades. I use a serious broker. I don't think therefore it lies on that. There are always losing and winning series. Think your series lies back a few monthes. If you please could however post your broker that i can test with a demo account to get the same results.
 

Seahawk87

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7
Anyone knows why the fs demo account hasn't traded on 11-12th march? In this time hole exactly on 11th march i had a loss of -90 pips and with the newer settings -50 pips. It's not the first time i had a max. loss trade and fs hasn't any trade on that day. I use a few brokers for testing also the recommended from fs but on all are the same big losses. So after my opinion it’s obvious that fs manipulates here and there their own live results.

Someone had also a big loss trade on 11th-12th march? On the time zone it couldn't lie or? Afaik it's unimportant which time zone is set on the vps or the own pc.
 

Seahawk87

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7
I ask me if i am the only idiot who has lost again a lot of pips. Yesterday again -50 / -90 pips with both settings. That is the 2nd big loss in 9 days. You can check my results here:
standard settings: MT4Live.com - Share Your MT4 Statements Free finfx, recommended broker from fs
new settings: MT4Live.com - Share Your MT4 Statements Free hotforex, gives almost same results back like finfx
new settings are from bobalex you can find in post #14
I use the newest Version 8.4

Would be nice if you could help me on what it could lie or if you can confirm the same big loss trades on your accounts would make me more hope that the losses takes an end!
 
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Seahawk87

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7
I really would appreciate it if the earners of forexsteam "supposed" would upload their results of march. The month has very bad results. Ihave 3x -90 pips and with the new settings also big losses of 3x -50 pips. So the positive reviewers of the review: http://www.forexpeacearmy.com/public/review/ForexSteam.com please post your results and let's see if you still have good results in this month. I doubt it! There are of course bad monthes and good monthes but with that results, your profits will lie at the end of the year near zero or even a bit in the losses. So i hope someone of the forexsteam earners gets his ass out here and shows his positive results!!!
 
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New Millennium

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5
Hi Folks,

I was recently assigned an account to trade under the NMi Matrix MAM, his account had some history already (which looked terrible) so I checked comments, which indicated "Forex Steam" and so I googled it and ended up here.

I don't want to bash anyone, but they say a picture paints a thousand words...so judge for yourself ;

FX Steam Equity Curve.png

I have to admire this fellows persistence........you cant say he didn't give it a chance to work.

The mods comment here "highly suspicious number of positive posts" sums it up nicely.

The truth is folks, that its extremely rare that any developer would sell a truly profitable system as a downloadable EA that can be hacked/copied/abused, because its far more valuable run as a dedicated MAM.

Cheers, Adam :)
 
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