SteroidFX Review Introduction
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!
Trading Idea
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.
SteroidFX Criteria
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 XM Broker Account, IC Markets Raw Spread Account, or Tickmill ECN Pro or Classic Account With TradingFX VPS are the Recommended Broker Account / VPS Combination.
Supported Currency Pairs
EUR/USDMetaTrader Chart Timeframe
M1Verified Live Trading Result Statements
Backtest Results
Tick by tick run, 99% Modeling Quality Tick Data Backtests:
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.
A 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).
MyFxBots Admin
[Last Modified On Thurs, 3 Dec 2015]Talk about SteroidFX
Walter Chen
Sat, 3 Sep 2016
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.
Tags
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.