Expert Advisors, also known as EAs, are software programs that are used to automate the trading process. This saves traders from having to manually monitor the markets. Numerous professional traders make use of a wide range of trading strategies, which enables them to operate effectively in a wide range of market conditions and under a variety of circumstances. A robot script written in the MQL programming language, known as an EA, can automatically perform chart analysis, trades, and money management tasks. EAs are developed in the MQL programming language. The majority of Forexrobots are compatible with trading platforms that use the MetaTrader platform. WallStreet Forex Robot, on the other hand, is one of the few trading robots that is compatible with both the MetaTrader 4 and MetaTrader 5 platforms. There have been multiple releases of the WallStreet Forex Robot, including the following:
• WallStreet Forex Robot 3.0 (the most recent version)
• WallStreet Asia
Wall Street Gold Trader, Wall Street Recovery Pro, and Wall Street Crypto are some of the products offered by Wall Street.
The WallStreet Forex Robot is a product that was developed by the Fxautomater team. Low-risk accumulation and the capability to work in both short-term and medium-term trends are two of the innovative features that are included in The WallStreet Robot. These features help The WallStreet Robot stand out from other commercially available forex robots. Trading with some of the most liquid currency pairs, Forex minors, Cryptos, and Gold are all within the scope of the WallStreet Forex Robot’s capabilities.
Pros
• Fully automatic trading robot
• Capable of trading on several markets
• Configurable parameters
• Exclusive market bias algorithm
• Broker spy module
• Real-time update system
• 4 professional trading systems combined
• Compatible with MetaTrader 4 and MetaTrader 5
• Limitations and drawbacks
• There are no backtests with a modeling quality of 90%;
• There are large drawdowns;
• Some Myfxbook accounts have been removed;
• It requires very specific broker conditions;
• Unexpectedly high volatility in the markets can have an effect on performance;
• The trader needs to be vigilant, particularly during news releases and holidays;
Strategy
The WallStreet Forex Robot 3.0 is designed to trade on a timeframe that is equivalent to a 15-minute chart. It employs a scalping strategy that makes use of a combination of technical analysis and price action in its trading. Scalpers need to have self-control and stick rigidly to their trading schedules because even the smallest changes can have a significant effect on their overall results.
These delicate systems are susceptible to being triggered by every fluctuation in the market; therefore, it is crucial to verify that the broker offers reliable trade execution speeds, tight spreads, and reasonable commission rates. When utilizing a scalping trading technique, it is not uncommon to observe significantly different results on various brokers due to the aforementioned considerations. This is not an uncommon occurrence.
Because it is totally automated, the WallStreet Forex Robot enables its user to remove any emotions that may arise from trading manually and instead stick to the strategy that has been pre-programmed for them. However, WallStreet Forex Robot 3.0 is intended to, but not limited to, function on the forex pairs EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, AUD/USD, and EUR/JPY. These currency pairs are not included in the list of those on which it can operate (M15 charts).
The WallStreet Forex Robot is equipped with a calculation mechanism that can automatically determine risk. This algorithm performs automatic calculation of trading volumes based on the percentage of account risk that you choose for each individual trade.
Additionally, there is the ability to activate a money management algorithm in order to attempt to compensate for any current drawdown. However, success on every trade is not guaranteed, and you should only pick a risk level that you feel comfortable with because every trader is different. If you are not attentive, increasing the size of your position in an effort to recover a loss is extremely risky and can frequently result in a margin call and a depleted account balance.
Features
The WallStreet Forex Robot is able to conduct market analysis on the user’s behalf, searching for prospective trade signals in accordance with the trading algorithm that is already integrated into the software. Depending on how the program is configured, it can either notify you to manually consider placing a trade or it can place and manage the deal on your behalf. Both of these options are dependent on how the software is set up.
The software combines the functionality of four professional forex trading systems into a single trading robot, resulting in increased trading frequency. It is able to make use of pending stop orders and limit order placements.
In order for a trading robot, such as WallStreet Forex, to monitor the charts contained inside the trading platform, it is necessary for you to have your trading platform up and running. If it is not possible for you to keep your computer turned on at all times, you may always try using a Forex virtual private server (VPS), which can run your platforms remotely around the clock.
The following is a list of some of the most important features of the WallStreet Forex Robot 3.0:
An Algorithm for Market Bias
The WallStreet Forex Robot provides users with the opportunity to make use of authentic insider information on money movement. Using the brand new “Market Bias” tool, you will be able to glean the most accurate information possible regarding the market bias exhibited by institutional money. You may finally try to steer your trades in the direction that the smart money is looking with the help of WallStreet Robot 3.0, which gives you access to this one-of-a-kind technology for the first time.
Broker Spy Module
The “Broker Spy Module” serves as the foundation for WallStreet Forex Robot 3.0. In an effort to protect your trading from dishonest brokers, the developers have invested a large amount of time and effort into developing and polishing this powerful tool. This function’s goal is to protect users from excessive negative slippage, growing spreads, and delayed order execution by preventing forex brokers from cheating and trying to prevent forex brokers from cheating. You will be able to monitor the behavior of the broker and follow every move that they make.
System That Updates in Real Time
The WallStreet Forex Robot 3.0 features an automatic settings update system that works in real time. There is no longer a requirement for you to restart your robot in order to receive the latest settings. You have the option of determining how frequently the EA should check for newly updated settings. You have the option to have the most recent, optimized settings immediately downloaded and applied to your account from the provider’s servers.
Results
Let’s have a look at the outcomes that the developer of the WallStreet Forex Robot has supplied. You may have a look at a preview of these results down below, and you can visit the WallStreet Forex Robot website to get the most recent and accurate results.
Myfxbook WallStreet Forex Robot WallStreet Forex Robot
There is a mixture of confirmed demo and actual Wallstreet Forex Robot Myfxbook accounts that have been operational for a few years. They display the past results of the WallStreet Forex Robot, WallStreet GOLD Trader, and WallStreet Recovery PRO trading systems. You are able to view the current performance in the following Myfxbook accounts by clicking on the respective links.
Update 15/08/2022: It appears that a few of the Myfxbook accounts have been removed, which is frequently a sign that an expert advisor (EA) may have become corrupted. Having said that, we still have a few people who are responsible for monitoring the most recent findings.
Backtesting Done on the Wall Street Forex Robot
There is a very comprehensive selection of backtests for the WallStreet Forex Robot 3.0, WallStreet ASIA EA, WallStreet Recovery PRO, WallStreet GOLD Trader, and the bonus robot WallStreet CRYPTO EA on the official website. WallStreet Forex Robot 3.0, WallStreet ASIA EA, WallStreet Recovery PRO, and WallStreet GOLD Trader. They provide backtests utilizing fixed lots and a percentage of risk that has been allotted.
It is important to keep in mind that the backtests that have been provided only have a modeling quality of 90% in the MetaTrader strategy tester. This indicates that they are not using real tick data, commissions are not being taken into account, and variable spreads are not being used. This can have a big impact on the accuracy of backtests, and we would always expect to see the top trading robots have a modeling quality of 99%. This is something that we would always expect to see.
Conclusion
The WallStreet Forex Robot is an expert adviser that engages in scalping and makes an effort to follow both short-term and medium-term trends. It comes standard with an innovative, first-of-its-kind real-time settings updating mechanism that is the industry standard. The software locates and terminates each deal in a totally objective manner, never deviating from the trading logic that was pre-programmed into it. The market bias algorithm and the broker spy module are both included in the most recent version of WallStreet Forex Robot, which is 3.0.
It was designed from the ground up and fine-tuned to perform optimally on the M15 charts as well as the following currency pairs: carries out transactions involving the following currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, AUD/USD, and EUR/JPY. WallStreet gives its customers access to specialized versions for trading cryptocurrencies as well as an expert advisor for gold.
You always have the option to adjust your own robot settings on a wide variety of trading instruments and chart timeframes, provided that you have the necessary knowledge. You can use the software with any size of account, and you can even begin by using a demo account so that you can have an idea of how the software operates. Each and every package of WallStreet Forex Robot comes with an infinite number of licenses for demo accounts.
Along with a multitude of backtests that span a significant number of years and a variety of market conditions, WallStreet Forex Robot comes equipped with a selection of Myfxbook verified accounts. Despite the fact that this can provide a rough sense on the potential of the EA, it is not a guarantee on how well it will do in the future. Trading is a risky business in which anything can happen, regardless of how much time and effort software engineers put into making their product better.
FAQ
What exactly is the cost of the WallStreet Forex Robot?
The WallStreet Forex Robot can be purchased for a low one-time price of $247. You will receive a variety of trading robots with your purchase, including the WallStreet Forex Robot 3.0, WallStreet Asia, WallStreet Gold Trader, WallStreet Recovery Pro, and WallStreet Crypto. These trading robots are all included in your purchase.
Please direct me to the location where I may download the WallStreet Forex Robot.
You may get a copy of the WallStreet Forex Robot by going to the website for the product.
What type of support is available for customers using the WallStreet Forex Robot?
Email support for customers is accessible around the clock, seven days a week from the Fxautomater development team. However, after you have paid for the robot, you will have access to a members’ area where you may get in touch with customer service.
When using the WallStreet Forex Robot, who are some of the finest brokers to work with?
You are free to work with any forex broker so long as they offer the MT4 or MT5 platforms.
When using the WallStreet Forex Robot, what is the lowest possible investment amount that can be made?
This trading robot does not have a minimum deposit requirement that must be met before you can begin utilizing it. You should only risk money that you can afford to lose, and before investing any real money, you should give it a test run on a demo account to determine whether or not it lives up to your expectations.
What is the policy regarding refunds for the WallStreet Forex Robot?
The WallStreet Forex Robot includes a sixty day, no questions asked, full money-back guarantee.
Is there a catch with the WallStreet Forex Robot?
The WallStreet Forex Robot is not something that we consider to be a scam in any way. However, the foreign exchange market is notorious for its high degree of volatility and its susceptibility to frequent price shifts. The performance of the software is not guaranteed, but the absence of such warranties does not necessarily indicate that the product is fraudulent.
I was wondering if you offer a free version of the WallStreet Forex Robot.
There is neither a trial nor a free version that can be downloaded. You might be able to locate the WallStreet Forex Robot offered for free online; however, there is a good chance that it will be out of current and in violation of the terms and conditions. Only by purchasing the official product can you ensure that you have access to the most recent version, the full service, and all future updates free of charge.
The WallStreet Forex Robot trades in what currency pairings, if any?
The WallStreet Forex Robot was designed to trade on specific currency pairs, including EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, AUD/USD, and EUR/JPY. These currency pairs make up the majority of the robot’s trading activity. Additionally, there are variants for trading in gold and cryptocurrencies. Nevertheless, if you feel confident in your abilities and have sufficient prior expertise, you can try your hand at a variety of other trading products.
Where can I get the optimal settings for the WallStreet Forex Robot?
Except for the lot size or risk level, which would need to be altered properly, we believe that the default parameters that are provided by the developer are always the optimal settings for a trading robot. In order to make it such that customers do not need to spend time tweaking the settings, the Fxautomater team would have spent countless hours over the course of many years doing so. On the other hand, if you have previous expertise working with automated trading systems, you can experiment with setting it up on your own.
I would like to tweak some of the settings on the WallStreet Forex Robot.
Yes, the WallStreet Forex Robot gives you the freedom to alter the settings to meet your specific requirements. It is possible to make changes to the external inputs; however, if you are a trader with little to no expertise, you should probably avoid tinkering with the settings because you will likely end up making things worse for yourself. If you feel comfortable enough to choose your own options, you can always test them out on a demo account first to see how they interact with the real account and how they affect the game.
In order to use the WallStreet Forex Robot, what do I need to have?
Both the MT4 and MT5 desktop platforms, as well as an account with a forex broker, are necessities for you to use forex trading. The majority of forex brokers will allow you to open a free demo account and provide you with free downloads of their trading software.
When using the WallStreet Forex Robot, how much potential profit do I have?
There are no guarantees regarding the level of success or failure that any trading robot may have. Due to the extreme volatility of the market, it is impossible for anyone to predict what will occur in the future. You should be aware of all of the considerable dangers that are associated with utilizing any automatic trading system, such as the WallStreet Forex Robot. These risks can affect your trading results significantly.
How Does WallStreet Recovery Pro Perform Its Functions?
This version of WallStreet Robot was developed for individuals who are willing to expose themselves to a higher degree of danger in order to achieve the possibility of a higher level of return. The WallStreet Recovery Pro Robot places a single recovery trade that is very precisely positioned in an effort to make up for the loss that occurred in the previous trade. WallStreet Recovery Pro is only recommended for usage by traders who have a high tolerance for risk. In the event that you do not exercise caution, it may result in significant losses.
How does WallStreet ASIA work?
WallStreet Asia is a market participant that acts as a scalper during the Asian session. Its forerunner was designed specifically for the Japanese market back in 2007, when it was first introduced. After the closing of the trading session in New York, the WallStreet Asia Robot makes an effort to “scalp” the market by taking advantage of the reduced level of market volatility that exists at that time. The trading logic is quite different from that of WallStreet Robot, despite the fact that it is believed that the two robots may work well in conjunction with one another.
What is the process that WallStreet Gold Trader goes through?
The fundamental and tried-and-true trading philosophy of the WallStreet Robot serves as the foundation for the WallStreet Gold Trader Robot. It looks ahead to transactions in the same direction that the current market impulse is moving. It makes an effort to adhere to the trading logic that is used by savvy institutional traders. The human psychology that can drive market movements is ingrained very deeply in this trading method.
What is the function of the WallStreet Crypto?
For Bitcoin (BTC/USD) and Ethereum (ETH/USD), the WallStreet Crypto Robot adapted the trading strategy that is at the core of the Wallstreet Forex Robot. This contributes to the program remaining current with the most cutting-edge tools now in vogue.
