Version Used
2.0 Evolution
Currency Pairs
GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent!
Timeframe
M15

Description

What came into my mind at the first glance after reading the name of this EA was something like "oh naivety, what an uninspired name, Wall Street is not a Forex market". I thought it was another Asian session scalper or even just a copy of an existing original EA, but when I tried to inspect the opening times of the positions, lo and behold, I noticed that it wasn't restricted to the Asian session, and trades were being opened in the forward tests throughout the day! there are really very few 24/5 scalpers nowadays and this have given me a high feeling of suspicion and mistrust and tended to think it's kind of a scam. A lot of EA providers were discovered to fake statement results, and to cut removes all doubt, I decided to try to ask for a Wall Street Forex Robot review copy, that request has been granted with a very quick email response.

Being writing about it here now is a clear indication that I do not consider it a scam in any way, It's really original scalper where trading several pairs around the clock and it seems to manage scraping a nice profit off it. The pairs it works with are EURUSD, GBPUSD, USDJPY, USDCHF and to a not with the same efficiency USDCAD, although the latter is not even mentioned in the manual and I only could know about it as the author mentioned it. As most of other scalpers nowadays, it runs on the M15 timeframe, so there's nothing new about this.

A scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this case it seems to be entirely thread safe.

Live Performance

WallStreet 2.0 Evolution REAL System by forexwallstreet | Myfxbook

Settings
2.0 Evolution
Leverage
1:100
Broker
Account Type
Real
Starting Balance
$700
WallStreet 2.0 Evolution REAL System by forexwallstreet | Myfxbook

WallStreet ASIA DEMO All Pairs - 2 System by forexwallstreet | Myfxbook

Settings
ASIA
Leverage
1:500
Broker
Account Type
Demo
Starting Balance
$2,000
WallStreet ASIA DEMO All Pairs - 2 System by forexwallstreet | Myfxbook

WallStreet ASIA DEMO All Pairs - 1 System by forexwallstreet | Myfxbook

Settings
ASIA
Leverage
1:500
Broker
Account Type
Demo
Starting Balance
$2,000
WallStreet ASIA DEMO All Pairs - 1 System by forexwallstreet | Myfxbook

Wallstreet Recovery PRO Real System by forexwallstreet | Myfxbook

Settings
Recovery PRO
Leverage
1:500
Broker
Account Type
Real
Starting Balance
$5,000
Wallstreet Recovery PRO Real System by forexwallstreet | Myfxbook

Trading Style

Strategy

Well, now we know the most important characteristics of Wall Street Forex Robot; it's ascalper, running 24/5, uses the M15 timeframe and the pairs recommended by the provider are EURUSD, GBPUSD, USDJPY and USDCHF, while USDCAD is also working but not officially supported.

The manual is a somewhat confusing for the supported pairs as in the beginning EURUSD, GBPUSD and USDJPY were only mentioned, but later on USDCHF was mention as well; in addition, as you will see, USDCHF is there in the backtests presented on the EA website as well as in the official live forward test.

More few facts about this EA should be known, I'll try to list them briefly. It's probably not a good idea to manually configure each pair SL and TP although you can. The EA gets its settings updated from the server after authorized access configuring each pair preset values; the stop loss ranges from 120 pips on EURUSD and GBPUSD to as high as 160 on USDCHF, while the TP is around 25 pips, with the notable exceptions of GBPUSD where TP is 50 and USDCAD where TP is 14. The stop loss is rarely touched, though - by deeper inspecting the backtests - as any sensible scalper EA, in most cases when the market moves against it it can close the trades before hitting SL the average win / average loss ratio being roughly 1:2.75. It has also an ability to take profit early before the take profit target is hit by its positions, when it figures that's as many pips as the market is going to give it.

The strategy itself is fairly simple; a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this case it seems to be entirely thread safe.

When running on the recommended four pairs, the average of WallStreet Robot is about 3.5 trades / day and almost 5 trades / day when running on all five, so it qualifies as a rather frequent trading EA. There's no GMT setting as it trades around the clock, so it's not to worry about in this case.

Wall Street Forex Robot is completely compatible with the NFA rules as it opens only one trade at once on each instrument traded, there is no problem with FIFO and hedging. But you need to be careful as if it operates together with another EA trading the same pairs on an account with the NFA restrictions in place, this might lead to inability of one of the EAs to open trades.

Backtests

Wall Street Forex Robot 3.6, 1999-2011 EURUSD M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 EURUSD M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 GBPUSD M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 GBPUSD M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 USDJPY M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 USDJPY M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 USDCHF M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 USDCHF M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 USDCAD M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 1999-2011 USDCAD M15 history center data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 EURUSD M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 EURUSD M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 GBPUSD M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 GBPUSD M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDJPY M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDJPY M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCHF M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCHF M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCAD M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCAD M15 tick data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 EURUSD M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 EURUSD M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 GBPUSD M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 GBPUSD M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDJPY M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDJPY M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCHF M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCHF M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCAD M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.6, 2007-2011 USDCAD M15 tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.9 EURUSD M15 backtest 1999-2011, history center data, spread 1.0, EURUSD33 default settings, AutoMM 3

Wall Street Forex Robot 3.9 EURUSD M15 backtest 1999-2011, history center data, spread 1.0, EURUSD33 default settings, AutoMM 3

Wall Street Forex Robot 3.9 EURUSD M15 backtest 2007-2011, tick data, real spread, EURUSD33 default settings, AutoMM 2

Wall Street Forex Robot 3.9 EURUSD M15 backtest 2007-2011, tick data, real spread, EURUSD33 default settings, AutoMM 2

Wall Street Forex Robot 3.9 EURUSD M15 backtest 2007-2011, tick data, real spread, EURUSD33 default settings, AutoMM 3

Wall Street Forex Robot 3.9 EURUSD M15 backtest 2007-2011, tick data, real spread, EURUSD33 default settings, AutoMM 3

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 1999-2011, history center data, spread 1.5, default settings, AutoMM 3

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 1999-2011, history center data, spread 1.5, default settings, AutoMM 3

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 2

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 2

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.9 NZDUSD M15 backtest 1999-2011, history data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.9 NZDUSD M15 backtest 1999-2011, history data, spread 2.0, default settings, AutoMM 3

Wall Street Forex Robot 3.9 NZDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 2

Wall Street Forex Robot 3.9 NZDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 2

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 3

Wall Street Forex Robot 3.9 AUDUSD M15 backtest 2007-2011, tick data, real spread, default settings, AutoMM 3

Talk About WallStreet Forex Robot

4.87/5 (78 vote(s) cast)
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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.

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