Wall Street Forex Robot 3.0 Review

I will be providing a review of the Wall Street Forex Robot 3.0 here in this post. First things first, I feel the need to point out that the website for this particular forex robot is extremely remarkable. This is not to imply that it has any bearing on the caliber of the software that is being provided, but at the very least, it is nice to the eye.

Wall Street Forex Robot 3.0 was developed by Fxautomater, which also offers a wide variety of other forex robots, some of which I have evaluated in the past. These forex robots include the News Scope EA Pro, Forex Trend Detector, Forex Diamond EA, Forex Gold Investor, Volatility Factor Pro, BF Scalper Pro, Grid Master Pro, Smart Scalper Pro, Gold Scalper Pro, and the Omega Trend EA.

This is yet another completely automated foreign exchange trading system that is compatible with the widely used MetaTrader 4 (MT4) platform. The MT4 platform is available for free download on the websites of the majority of forex brokers. You will need to have a trading account set up with a forex broker in order to make use of this forex robot. In light of the fact that there is such a wide variety of brokers available, I have thoughtfully produced a list of the forex brokers that I consider to be the best in order to make it simpler and quicker for you to select a broker that is suitable for your requirements.

Simply connect the Wall Street Forex Robot to the charts on your MT4 trading platform, and it will automatically place and manage trades on your behalf. Having said that, that does have both positives and negatives associated with it. In this review of Wall Street Forex Robot 3.0, we will investigate the automatic trading technique that it employs, as well as backtests and, most crucially, real confirmed results of the expert advisor’s work.

Strategy Utilizing Wall Street Forex Robot 3.0 EA

During the important market hours, the Wall Street Forex EA will open the vast bulk of its transactions (estimated to be approximately 90 percent) (NY, London). It was designed and put through extensive testing by a group of traders and programmers who have spent a significant amount of time and effort modifying the code over the course of a number of years, as evidenced by the fact that we are now on the Wall Street Forex Robot 3.0. Although it is always encouraging to see robot creators staying busy, this does not necessarily ensure successful outcomes given that trading is a market in which anything can take place.

In terms of the trading technique employed by the Wall Street EA robot, the objective is to “scalp” short-term to medium-term trends. This one-of-a-kind feature, which you won’t find in very many other forex robots, allows the robot to automatically update itself in an effort to adapt to the current conditions of the market. Some of the other automated systems might be extremely stiff, which means that they need the perfect broker or market conditions in order to reach their full potential. This is necessary in order for them to be successful. The Wall Street Robot comes equipped with its own built-in money management system, which, along with the other parameters, may be personalized.

Although the Wall Street Forex EA is a fully automated forex trading robot, the software can be set to operate in a semi-automated mode, in which case it will send you an alert when it discovers a trading signal. You can then decide whether you would like to enter the market at that time or wait for the next opportunity to present itself. In every single one of my transactions, I would always want to carry out some of my very own supplementary market research whenever it is feasible to do so. Analysis such as fundamental analysis, price action analysis, and technical analysis could fall under this category. In general, the more facets of market analysis that you have covered, the more educated the trade judgments that you can make.

When you attach this robot to the charts in your trading platform, you will notice that the developer has made all of the settings for the Wall Street Forex Robot externally available. This means that you will be able to make changes to these settings by using the inputs window. You can always just use the default settings provided by the developer, which have already been optimized, but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences because every trader is different in that regard. You can always just use the default settings provided by the developer, which have already been optimized.

You are allowed to experiment with the settings of the Wall Street Forex Robot EA to construct your own set files that are specific to your needs. Those of you who have the necessary experience can do so. I would utilize the MT4 strategy tester to backtest the program across a variety of currency pairs and chart periods in order to find the one-of-a-kind combination of parameters that best suits my trading style and objectives. There are recommended currency pairs to utilize, however it does not mean that the algorithm cannot be used to other types of financial instruments. However, if you are interested in gaining experience with the Wall Street Forex software, it is recommended that you do it on a demo account at first in order to gauge how well the software works for you.

Back Testing Done on the Wall Street Forex Robot 3.0 EA

On the website for the Wall Street Forex Robot, you can find some long-term back tests covering a number of different currency pairings, including EURUSD, GBPUSD, USDJPY, and USDCAD. These are the primary currency pairings that are traded by the company. They did provide more currency pairings, but it appears that the developer cut back on the number of options in order to concentrate on the currency pairs that had the greatest success in the past. You have the option to trade any one of the recommended currency pairs, some of them, or all of them. You can also try out other testing strategies by using your preferred trading instruments and chart periods as test subjects.

It is important to keep in mind that the back tests do not have a modeling quality of 99%, which indicates that the results produced by the Wall Street Forex Robot will not be accurate. Potential users would have benefited from being able to view 99% modeling quality back tests carried out with Birts TDS in the MT4 strategy tester. This might have provided some insight into the past performance, but of course it wouldn’t be able to guarantee anything about the performance in the future. Back tests can be executed with real tick data, changeable spreads, and all commission, swap, and slippage costs included for the highest level of precision possible. It’s possible that the outcomes might have been very different had these considerations been taken into account during the backtesting.

The live results of the Wall Street Forex Robot 3.0 EA

The Wall Street Forex Robot’s verified accounts are intriguing for a number of reasons, the primary one being that the outcomes vary substantially. Furthermore, I have observed the developer continually adding and removing accounts over the course of several years. Even if this is because each account is using a unique version of the Wall Street EA with its own unique settings, I would still ask for them to leave the old accounts published since I believe it is only fair to let potential users know what happened to these accounts. If they were a complete and utter failure, then it is only fair that we investigate what went wrong so that we can choose whether or not we are prepared to incur the potential risk that comes with utilizing the Wall Street robots. In spite of this, I must give credit where credit is due because we do in fact have many verified accounts to monitor the most recent Wall Street robot outcomes.

An Overview of the Wall Street Forex Robot 3.0 EA

The Wall Street Forex Robot 3.0 EA is, in my opinion, one of the better choices available at this time; but, there are other choices, such as the Forex Robotron EA, which are also viable options. However, despite the fact that the program employs a flexible trading technique that is able to automatically adjust to various market conditions, I can’t help but feel that the money management may be enhanced with a more favorable risk to return ratio. In addition, although the Wall Street 3.0 backtests may have been executed over a considerable amount of time and across a variety of currency pairs, the modelling quality of these backtests is only 90%, which means that they do not provide an accurate representation of this EA’s historical performance. On the other hand, there are some Wall Street Forex accounts that have been confirmed, and these accounts can provide you with a sense of how it has performed in current market conditions.

The Wall Street Forex Robot comes with two additional forex robots as a bonus: the Wall Street Asia Robot and the Wall Street Recovery Pro Robot. These trading robots together can cost at least the same amount as the first Wall Street Forex Robot did. Along with the more usual MetaTrader 4 forex robot, there is also a MetaTrader 5 version offered, which is an interesting inclusion. You are provided with lifelong support, free updates, an instruction manual for a quick and easy setup, and a money-back guarantee for the first sixty days. Click on the link that is provided below to access the Wall Street Forex Robot website. If you are interested in learning more about the capabilities of this expert adviser, you could always start by testing it on a demo account and observing how things develop. Bear in mind, however, that the results on demo accounts can very considerably differ from those on genuine accounts.

PROS of Wall Street Forex Robot 3.0 EA

• Multiple Currency Pairs

• Customizable Settings

• Various Packages

• 60-Day Money-Back Guarantee

• Full Support

• Lifetime Updates

• Detailed Instructions

• Fully Automated Forex System

• Bonus EA’s Included

• Verified Results Provided

• Wall Street Forex Robot 3.0 EA

CONS

• Drawdowns could be substantial

• Backtesting quality is limited

• Some degree of user participation is required