Wall Street Forex Robot Review

4stars

Wall Street Forex Robot

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WallStreet Forex Robot has an interesting combination of money management – I think this is the main reason why it is still making profit on their live account with more than 200% per year and more than 400% on a demo account. Besides having the standard lot of parameters like lot size, slippage, max spread and so on there are others which got my attention...

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Yesterday I got a copy of WallStreet Robot. It comes with one EA and 2 library files which are very easy to install. 18-page manual makes your life easy and does not require a lot of time to read how to install it and how to use it. But I can’t say the same about the long list of parameters they have – I spent around 40 min to understand them completely and since I am experienced with EAs, beginners will need at least 2 hours to find their way within settings unless they want to use it as default – which overall is OK for an EA – the one which has the potential to make you money.

It already started to place trades. Here is where it stands on Leaderboard today

WallStreet Forex Robot has an interesting combination of money management – I think this is the main reason why it is still making profit on their live account with more than 200% per year and more than 400% on a demo account.

Besides having the standard lot of parameters like lot size, slippage, max spread and so on there are others which got my attention. It gives you the possibility to use Stealth Mode for those who want to hide their TP and SL from brokers, you can make sure the trade is closed only in profit (at least a small one) or completely in loss – this is a nice feature to use when there is a ranging time and many EAs could close them in loss. Automatic Risk Management allows you to use compounding or a fixed risked of the account balance whenever the balance increases or decreases.

The nice feature which I saw potential in is the RecoveryMode with Max permitted risk. This will make the recovery time to be less then under normal strategy. This I think is a very interesting and good feature to consider – especially that is has the Max permitted risk – when you are in a DrawDown there is nothing more important than the recovery time – and the smaller it is the better for you and your money. I set the Recovery Mode on with a Automatic Risk Management of 1%.

WallStreet Forex Robot is designed especially for the most liquid, narrowest spread currency pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD, but you can apply it to as many as you want – I personally applied it to only 4 currency pairs (EURUSD, GBPUSD, USDJPY, USDCHF) – this should be more than enough for me to see how it works.

PS: Forex Sorcerer is recovering again from its losses – let’s hope this time it will have better results.

Have a Great Day

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23 Comments/Reviews

  • Zachariah Plaster says:

    I went over this site and I think you have a lot of great info , saved to fav (:.

    • Ihsan says:

      I’ve recently strtead trading forex online and have heard about forex robots that can trade currency pairs automatically for you.I would like to know if anyone can recommend a good one and if so, what they like about it?It has to be completely hands off not just one that gives you signals which you then have to trade manually. This robot (some call them expert advisors’) has to do everything for you and make good money (of course!) with minimal drawdowns to your account balance.

      • Wayne says:

        Hi Ihsan, check out the homepage and you can view the current rankings for the robots I am currently testing on my accounts. The most reliable EA over the last few months has been Forex Bulletproof, check it out here: Forex Bullet Proof

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    • Yasuaki says:

      If 20000 people are sgeind in and using forexapt and the robot is calibrated similarly on all cpu’s and the systems where sort of integrated. That is to say that the robots could be programmed to take into account that 20000 are online. Could they control demand and profit by effectively interfering with the demand and cause unnatural market fluctuations?Secondly they could be programmed to cause small losses for the average customer, while creating the appropriate market conditions and then make a killing for the premium subscriber. Comments please

      • Wayne says:

        You always hear traders concerned about whether a lot of traders using the same robot has any effect on the market but the fact of the matter is that they do not. Firstly there are just not enough traders using the same robot under the same conditions and secondly there just isn’t enough collective volume from all these traders to even make a dent in the market. So no need to be concerned about this, we’re a tiny segment of the market and do not have the power to make any significant impact. 🙂

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    • Elif says:

      Im very interested in gitteng a Forex robot to trade for me. I have heard great things about forex robots, But I am not sure which forex robot works the best. Im a new to forex completely and Im just looking for an automated way to make money from home. Would you even recommend trading with a forex robot at this current economic time? How much many can make with a forex robot and what is the best forex robot from your personal experience. Please help. Thanks

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