Wallstreet Forex Robot Review

[capsmart]

Wallstreet Forex Robot Review: As we promised members we are testing a number of different ea's and forex robots so you don't have to The first one is the Wallstreet Forex Robot & the ea's first couple of weeks results look very promising, but as we know forex robots can not be judged on just a few weeks. We have set up the wallstreet forex ea on mt4i stats so we can all independently monitor its progress.


We have set up the wall street forex robot with auto MM=true and a risk of 2%. We run for the 4 recommended pairs. Otherwise default settings. You can also check out loads of my fxbook statistics on the vendors sales page. Unfortunately its the usual forex "hard sell" type of page BUT there are lots of independent results on there, so you never know, could this be the one?! Here is a link to our own mt4i stats page for the wallstreet forex robot independent results:


They have live accounts running on all pairs and 12 years worth of back test results. Here is their page: wallstreet-forex.com if you decide to buy any forex product we would be grateful if you did so through links in the forum. It all helps to cover the cost of providing this free service.

What I like about this ea is that it is not running during the Asian session when spreads are high just to scalp a few pips.

Let's see how it does

[capsmart]

Some additional details for the robot.
When installing it you can define up to 3 real accounts and an unlimited number of demo accounts. This is good because you are not limited to the usual 1 real account.
Also it is not for a specific computer. You can trade the authorized accounts from any computer.
In case you want to change one (or more) of your real accounts you can do it yourself by simply editing the information in the activation procedure.
The robot runs on a 15min timeframe for eur/usd gbp/usd usd/jpy and usd/chf

[tradingjunky]

Some additional details for the robot.
When installing it you can define up to 3 real accounts and an unlimited number of demo accounts. This is good because you are not limited to the usual 1 real account.
Also it is not for a specific computer. You can trade the authorized accounts from any computer.
In case you want to change one (or more) of your real accounts you can do it yourself by simply editing the information in the activation procedure.
The robot runs on a 15min timeframe for eur/usd gbp/usd usd/jpy and usd/chf

after reviewing the website
the budget buy has only one real account for $299
and the full unit has 3 real accounts for $489

[capsmart]

You are correct.
Generally speaking because we are promoting new products we get the full package that includes all options.
Thank you for pointing this because I did not mention price before.
One more thing that I would like to add is that the robot updates it's trading parameters automatically. So it will not change Money Management parameters but it will adapt to trading conditions. Those parameters are hidden to the user.

[capsmart]

The 16th of June we had 7 trades with the robot.
3 shorts en Eur/Usd
2 longs en usd/chf
2 shorts en gbp/usd
5 wins and 2 break even (+- 1pip)
75.5 pips in profit for just 1 day.
MT4i - Statement for fxtraderwallstreet

[raa]

Hmm sounds great. What is the principle behind this robot's strategy?

[capsmart]

It is too soon to tell. The manual says nothing about it. Apparently it needs strong moves and yesterday we had some nice ones.

[capsmart]

The robot for this week is more or less at break even.
3 closed trades for +2 pips but - 20 dollars (because of different lot size) and one open trade that is currently at -1 pip.

[capsmart]

The open trade closed with 1,5 pip profit so we are at break even for this week so far.

[capsmart]

Things did not work well for the robot yesterday and today. We have a loss of 41.5 pips
This is the link if you want to have a look
MT4i - Statement for fxtraderwallstreet