MyFxBots

SteroidFX Review Introduction

Forex Steroid is a breakout and trend detecting trader searching all the time for market's exploitable opportunities by the use of its unique adaptive trading logic to make as much profits as it can from them.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.

License

1 Account License for the Lite and "1 License" versions, and 2 Account Licenses for the "2 Licenses" version (all licenses can be for demo or real accounts) With Account Change Flexibility.

Updates & Support

Free updates and support for the Lite version and Lifetime updates and Premium support for the other two versions.

Account Balance

A recommended minimum account balance of as low as $100 can be suitable.

Compatible Brokers

All 5 digit price feed Brokers with ECN or STP account types of 1:300 minimum leverage and the lowest raw spreads + commission are compatible. A combination of Tickmill ECN-Pro Account With TradingFX VPS are the Recommended Broker Account / VPS Combination.

Supported Currency Pairs

EUR/USD

MT4 Chart Timeframe

M1

For the best results, make sure that Forex Steroid runs non-stopping along every day through out all the working days and not only some hours every day!

Verified Live Trading Result Statements

Started On
Oct 14, 2015
Leverage
1:500
Broker
Tickmill
Account Type
Demo
Starting Balance
$1,500
Started On
2015-12-03 00:00:00
Leverage
1:500
Broker
Tickmill
Account Type
Demo
Starting Balance
$1,500

Backtest Results

Tick by tick run, 99% Modeling Quality Tick Data Backtests:

5 Years - Money Management - Low (2.5%) Risk

5 Years - Money Management - Low (2.5%) Risk

5 Years - Fixed Lot Size

5 Years - Fixed Lot Size

2 Years - Money Management - High (7%) Risk

2 Years - Money Management - High (7%) Risk

Trading Strategy

Many trading strategies are involved in the EA, StopLoss and maximal risk is always set for every trade. An advanced Risk / Reward analyzer system precisely determines opportunities and lot sizes before opening trades.

high spread observation system that attempts to cancels all pending orders if the spread widens is also included.

Beside that, balance defense and money management systems are also included.

The Most Important System Parameters

The high spread observation system threshold can be manually set.

The Lot size calculation mode must be set manually to either one of:

  • MoneyManagement so the lot size will be calculated by Forex Steroid according to the Risk_Long_MM and Risk_Short_MM variables.
  • Fixed lot size so you'll need to provide a Fixed Lot Size variable for trading (1%, 2.5%, 5% or 7% where 1% is the lowest risk and 7% is the highest).

Talk about SteroidFX


Walter Chen Sat Sep 3rd, 2016
forex steroid is 100% SCAM, same as everex elite, i test it for 1 month and my $100 real live money account went down to $0. always look for real live money account trading!!!

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.

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