Forex Steroid (SteroidFX) (By fxrobotreviews)
The user has deleted this system.
Forex Steroid (SteroidFX) Discussion
Member Since Jan 05, 2016
1189 posts
Mar 11, 2016 at 20:14
It's a demo account. It's worthless and probably a scam. Have a nice day.
Pretty sad if you can't even verify fully your demo account.
Pretty sad if you can't even verify fully your demo account.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jan 05, 2016
1189 posts
Mar 11, 2016 at 20:37
If you are not a scammer, show your fully validated LIVE account, and I will make a public apology for calling you a scammer.
No offense but this place of full of people who make claims about massive profits and then suddenly vanish after either taking someones money, or blowing out their account for 'technical reasons which are the brokers fault' etc etc etc.
Otherwise I call it like I see it. A scam is a scam.
No offense but this place of full of people who make claims about massive profits and then suddenly vanish after either taking someones money, or blowing out their account for 'technical reasons which are the brokers fault' etc etc etc.
Otherwise I call it like I see it. A scam is a scam.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 11, 2016 at 22:55
Professional4X posted:
If you are not a scammer, show your fully validated LIVE account, and I will make a public apology for calling you a scammer.
No offense but this place of full of people who make claims about massive profits and then suddenly vanish after either taking someones money, or blowing out their account for 'technical reasons which are the brokers fault' etc etc etc.
Otherwise I call it like I see it. A scam is a scam.
WAY TO GO BRO😇😇😇
Mar 13, 2016 at 20:32
(edited Mar 13, 2016 at 20:37)
dont buy this rubbish. I tested it on an institutional account with raw feed no markup. VPs to broker 0.5ms execution latency 110ms you will always get killed with this type of breakout tight trailing stop due to the fact that there is a last look by the LP. You do not get a last look or execution latency on a Demo this is why you will be a demo millionaire and a very poor live trader using any strategy which has resemblance to this
Breakout Strategies with a very tight trailing stop will always fail. I seriously do not understand why people chase after this kind of systems when they have been proven in many cases they do not work in real market trading conditions.
There is NO such thing otherwise the banks would have just hand you their money and they would have been very broker. Needless to say if this worked with this kind of diabolical returns why would someone sell it for $178 they really should not be in need of any money since they have the holy grail to clean out the banks
Breakout Strategies with a very tight trailing stop will always fail. I seriously do not understand why people chase after this kind of systems when they have been proven in many cases they do not work in real market trading conditions.
There is NO such thing otherwise the banks would have just hand you their money and they would have been very broker. Needless to say if this worked with this kind of diabolical returns why would someone sell it for $178 they really should not be in need of any money since they have the holy grail to clean out the banks
Time is Money
Apr 29, 2016 at 06:47
Professional4X posted:Forex steroïds has bad backtest in 99,90% tick quality in mt4 910 ( not 950 latest)
It's a demo account. It's worthless and probably a scam. Have a nice day.
Pretty sad if you can't even verify fully your demo account.
May 10, 2016 at 06:48
Ok my experience with this robot is as follows:-
1) Friendly enough customer service and prompt to reply most of the time
2) On Demo its returned profits
3) On live accounts its only ever lost money
4) No refund policy
The conclusion is you need to have virtually no spread existing when it opens a trade, which in a Live market is an impossibility most of the time and as this robot scalps the breakouts of highs and lows for just a few pips and it trails with a stop instantly very lose to current price, any delay in execution or spread widening during breakouts or news events and I found that it loses most of the time.
I can see no other reason that it fails on Live, but is profitable on Demo
1) Friendly enough customer service and prompt to reply most of the time
2) On Demo its returned profits
3) On live accounts its only ever lost money
4) No refund policy
The conclusion is you need to have virtually no spread existing when it opens a trade, which in a Live market is an impossibility most of the time and as this robot scalps the breakouts of highs and lows for just a few pips and it trails with a stop instantly very lose to current price, any delay in execution or spread widening during breakouts or news events and I found that it loses most of the time.
I can see no other reason that it fails on Live, but is profitable on Demo
Jul 17, 2016 at 18:26
(edited Jul 17, 2016 at 18:27)
AlgoWars posted:
Ok my experience with this robot is as follows:-
1) Friendly enough customer service and prompt to reply most of the time
2) On Demo its returned profits
3) On live accounts its only ever lost money
4) No refund policy
The conclusion is you need to have virtually no spread existing when it opens a trade, which in a Live market is an impossibility most of the time and as this robot scalps the breakouts of highs and lows for just a few pips and it trails with a stop instantly very lose to current price, any delay in execution or spread widening during breakouts or news events and I found that it loses most of the time.
I can see no other reason that it fails on Live, but is profitable on Demo
On a demo account you do not get execution latency on a real account your get minimum 150ms execution latency do not mix that up with VPS latency. This is the time where you transmit the order io broker it goes to MT4 bridge the LP has a last look at the order and returns it to Mt4 bridge then to the broker most probably it would make money if there is a way to delay the trailing stop by an additional 200 ms on a live account just a thought to the creator ot the EA.
Time is Money
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