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Discuss ForexSteam.com

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Hi

Do you have any idea how the 4 licences that come with the EA works? Do we input mt4 into their client area or only work on 4 mt4 regardless of Live or Demo accts and same IP (eg run on same PC or VPS)

I sent message and seems they r interested in selling, not interested in answering query
 
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.
 
4 licences means you can input 4 different MT4 account numbers into their client area authenticationnprocess...doesn't amtter whether DEMO or LIVE.
 
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.
 
I haven't seen a review of this ea yet here only a few older threads with it's a scam want a refund. The mt4 results are phenomenal. But I use this ea now for a month and it doesn't bring the profits back it should. Shortly i had again -90 pips what is the max. sl of the standard settings and the ea owners results show a space between this time. This ea is actual a good offer because of the lifetime membership with updates and new tools like filters therefore i hope on a review of someone who is more expert than me in forex. I am first a half year in forex.

Warning: The owner doesn't offer a refund !!!
Site: forexsteam.com
 
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: https://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.
 
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.
 
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