Forex Steam Review and Reputation ~SCAM EA Warning! ! ~

Forex Steam is an EA recommended on the website titled Forex Robot Nation.
The purchase price is 117.99USD.

Although advertised flashy, those who are considering buying this EA should be very careful.

There is considerable suspicion of SCAM EA.
 

Forex Steam Sales Site

The Forex Steam sales site introduces this EA as follows:

You should not believe this information at all.

The results of vendors using Forex Steam are not published on myfxbook.
Probably just uploading results to a self-made or attached public site, so it’s not worth it.

The sales site states that “The result is a simulation, and a similar result may not be obtained with a real account.”

I don’t even know if the simulation they mean is a demo account result, but it’s definitely not a real account result.
 

Published Results of Forex Steam

The results of actual use of Forex Steam by the general public are published on myfxbook.

What a terrible result …

There are 14 accounts open to the public, but there is no single account that wins.

In some cases, the balance of the account has become zero.

There is only one account with + 35% account balance growth. However, it is not reliable because it has been in operation for about a month.

 

Next, let’s check the transaction details.

Take profit at 10pips and stop loss at 90pips.

As a result of checking other accounts and reviews, the ratio of profit 1: loss 9 is the default parameter setting.

Methods such as martingale and grid trade are not adopted.

If take profit occurs 10 times more frequently than stop loss, this EA is a winning system.

I don’t know what logic is used for the entry. However, if the entry point is very good, there is a possibility of winning.

Unfortunately, as the results published on myfxbook show, stop losses often occur, so the balance of your account will only decrease.
It may be a matter of time that the balance of the account running this EA becomes zero.

 

Review summary of Forex Steam

If you search Forex Steam on the Internet, you will notice that it is highly rated by review sites such as Forex Peace Army.
Many reviews have earned 5 stars.

But don’t be fooled by these reviews.

Forex Peace Army has also issued warnings, most of which are fake reviews.
Also, please note that reviews submitted to sites other than Forex Peace Army are often fake.

In addition, Forex Steam is recommended on the site titled Forex Robot Nation, but this is also likely to be fake.

It is estimated that the person who publishes Forex Robot Nation and the person who sells FOREX FURY and Forex Steam are the same person.

Details are described in the FOREX FURY review article, so please check if you are interested.

The Forex Steam sales site states that the $ 1,000 deposit account owned by the Forex Robot Nation operator has grown to $ 5,838,834 (August 15, 2019).
The purpose of this information is to make people believe that third party accounts are also profitable.
Don’t be fooled by this.

 

Conclusion of Forex Steam

Looking at the usage results of ordinary people, it is definitely a poor EA and not worth buying. It is completely a waste of time and money.

If the vendor only sells poor EA, it is still forgiving.

However, they’re trying to trick users by posting fake 5-star reviews on various websites.
Furthermore, they are trying to deceive users by creating a self-playing site titled Forex Robot Nation.

As far as I can see, it’s a complete SCAM.