Forex trading is a complex and dynamic market. Traders have to keep a close eye on market trends, economic indicators, and various other factors to make informed decisions. However, with the advancement of technology, traders can now rely on automated trading systems or expert advisors (EAs) to carry out trades on their behalf.
Forex Fury and Forex Steam are two of the most popular EAs in the market. Both are designed to help traders make profits through automated trading. However, the question remains, which one is better? In this article, we will compare Forex Fury and Forex Steam based on various factors to help you make an informed decision.
Overview of Forex Fury and Forex Steam
Forex Fury is an automated trading system that uses multiple strategies to trade on the forex market. It is designed to work on the MetaTrader 4 platform and is compatible with all major currency pairs. Forex Fury has been in the market since 2015 and has a strong reputation for generating consistent profits.
On the other hand, Forex Steam is an expert advisor that has been in the market since 2010. It is designed to work on the MetaTrader 4 platform and is compatible with all major currency pairs. Forex Steam has a reputation for generating consistent profits through its highly optimized trading algorithms.
Trading Performance
One of the most critical factors in choosing an EA is trading performance. Both Forex Fury and Forex Steam have a proven track record of generating consistent profits. Forex Fury has an average monthly return of 2.68%, while Forex Steam has an average monthly return of 5.95%.
However, it is essential to note that past performance is not a guarantee of future results. The forex market is highly volatile, and market conditions can change rapidly. Therefore, traders must use caution when relying solely on historical performance.
Trading Strategies
Forex Fury uses multiple trading strategies to generate profits. It uses a combination of trend and counter-trend strategies to identify profitable trades. Forex Fury also uses a unique filtering system that helps it avoid trading during volatile market conditions.
On the other hand, Forex Steam uses a highly optimized trading algorithm that is designed to identify profitable trades. It uses a combination of price action, trend analysis, and support and resistance levels to identify trading opportunities.
Ease of Use
Both Forex Fury and Forex Steam are easy to use. They are designed to work on the MetaTrader 4 platform, which is one of the most popular trading platforms in the market. Traders can easily install the EAs onto their trading platform and start trading within minutes.
Customer Support
Customer support is crucial when it comes to forex trading. Traders need to have access to reliable customer support when they encounter issues or have questions. Both Forex Fury and Forex Steam offer excellent customer support. They have responsive customer support teams that are available 24/7 to assist traders.
Pricing
The cost of an EA is an essential consideration for traders. Forex Fury is priced at $439.99 for a lifetime license, while Forex Steam is priced at $117.99 for a lifetime license. However, Forex Fury offers a 15% discount for traders who purchase multiple licenses.
Conclusion
In conclusion, both Forex Fury and Forex Steam are excellent EAs that can help traders generate consistent profits. However, the choice between the two will ultimately depend on the individual trader’s needs and preferences. Traders should evaluate the trading performance, trading strategies, ease of use, customer support, and pricing before making a decision.
