ForexEzy
No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
Home Forex Tools Forex Robots

WallStreet Forex Robot Review

by Tim Baudin
October 13, 2020
in Forex Robots
0
WallStreet Forex Robot
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

WallStreet Forex Robot 2.0 is the latest version of the long-standing expert advisor released in March 2011. This EA is one of a few products that has been on the market for so long. Our mission is to analyze the trading performance, risk factors, and the other important data to decide whether this product is a good choice to invest money. So, in this WallStreet Forex review, we will provide a detailed analysis of this trading system so that you know if its 2020 updated edition is worth its $347 price.

Is a WallStreet Forex Robot Still Good to Go?

The information provided on the sales page of the WallStreet Forex looks quite detailed and professionally organized. FX Automater team claims that their product is one of the best ones available in the Forex market. 

WallStreet Forex Robot presentation

They boast about 10 years of trading experience and their ability to transform “ordinary traders into self-made forex winners”. 

The devs of this trading tool have implemented a real-time update system to exclude the need of traders to restart their robots to obtain new settings. Now, traders can decide how frequently their robot will check for new settings.

WallStreet Forex Robot presentation

“BROKER SPY MODULE” was also designed to protect traders and their capital from “unethical brokers”.

WallStreet Forex Robot presentation

The devs tell us that the updated version of this EA is more profitable than the previous one.

WallStreet Forex Robot presentation

The other features of this expert advisor are:

WallStreet Forex Robot features

Currently, the vendors are offering a $110 discount, and traders interested in the product can buy it for $237 instead of its regular $347 price. This WallStreet Forex Robot 2.0 copy includes 1 real account and an unlimited number of demo accounts, full-time customer support, a 60-days money-back guarantee, and 3 WallStreet Forex EAs as an additional bonus:

WallStreet Forex Robot bonus

WallStreet Forex Robot Backtests

We are provided with a few backtests on different currency pairs:

WallStreet Forex Robot WallStreet Forex Robot Backtests
WallStreet Forex Robot WallStreet Forex Robot Backtests
WallStreet Forex Robot WallStreet Forex Robot Backtests
WallStreet Forex Robot WallStreet Forex Robot Backtests

Each of them shows a win rate of over 80%, 142K-222K total profit, 6%-15% drawdown, and a 1,3-1,6 profit factor. It looks good but we would like to know how the system is performing now. That is where we are going to jump to – live trading results.

Trading Results

The devs provide us with multiple clickable screenshots of live trading results. It is a good sign, especially for devs who have been over 10 years in the market.

The account the devs share on their sales page was launched on December 22, 2017:

WallStreet Forex Robot myfxbook

This is a live real AUD account that is working on the MT4 platform with IC Markets brokerage and a 1:500 leverage. For approximately 3 years of trading, it has shown a 169.98% gain with a monthly gain of 2.95% and a peak drawdown of 21.17%.

WallStreet Forex Robot myfxbook

The robot has placed 2616 trades and 9011 pips. Its profit factor is small (only 1,14) and the average loss is three times higher than the average win: 42,18 pips vs 15,84. 

WallStreet Forex Robot advanced statistics

The robot trades multiple currency pairs:

WallStreet Forex Robot currency pairs

The best trading result it has achieved with GBPUSD currency pair – 757,61 A$, while the worst one with USDCHF -29,37A$.

WallStreet Forex Robot statistics

For over 2 and a half years of active trading, the robot has brought only A$1223,70 of profit. Taking into account that the deposit was A$866,10 and there was no withdrawal, the amount it had earned for that period does not look impressive. 

WallStreet Forex Robot myfxbook

The EA opens trades every day, from Monday to Friday: 

WallStreet Forex Robot statistics

In 2019, the maximum monthly gain was 24,42%, while in 2020 the best trading result was in January and equaled 6,65%:

WallStreet Forex Robot monthly analytics

In the screenshot below you may see that the robot is still making profits, but it is not as effective as it used to be. The monthly gain varies. In some, there has been almost no profit at all.

WallStreet Forex Robot monthly analytics

The other negative side we have noticed with this robot is its high risk of ruin. There is 27, 04% chance of losing 10% of the account:

WallStreet Forex Robot advanced statistics

People Feedback

Traders’ reviews for this EA are not very positive. This trading system has a 2.82-star rating in 18 reviews on Forex Peace Army. The last client feedback was a 2-star rating that is somewhat concerning:

WallStreet Forex Robot People Feedback

The trader tells that this EA provides very small profits and “huge WA arsenal for nothing”. He also adds that the WallStreet Forex trades “but with very very very small profits and not so often.” It only proves the facts of the poor trading performance of this EA.

Summary

We are not on the way to give WallStreet Forex approval. Although we are impressed with the properly organized website design and the information provided on it, the trading account provided on the seller’s website shows very poor trading results. Would you like to tolerate -10% of losses knowing that you will recover by 2.95% monthly gain? You would not. Therefore, we do not think this EA is not a good choice for its price.

The Best Forex Robots Report Is Already Here!
Check out 30+ best expert advisors with daily updated live results and statistics.
ShareTweet
Previous Post

Currency Trader and GDP Trading

Next Post

5 Career Options in the Forex Market

Related Posts

Thorex Review

Thorex Review

by Adam Stanley

Thorex  is an expert advisor developed by Lorenz Vauck, a Germany-based developer with many Forex products listed on the MQL5...

Waiting Night Review

Waiting Night Review

by Richard Brase

Waiting Night is a trading solution that was designed to make profits on the Forex market. The presentation includes explanations...

EA Thomas

EA Thomas Review

by Chintan Patel

EA Thomas is an expert advisor that requires a minimum deposit of $500. The robot works best on the H1...

Genius Assets

Genius Assets Review

by Chintan Patel

Genius Assets is an expert advisor compatible with the MT4 and MT5 platforms. It works by opening virtual trades for...

Aura Rocket Review

Aura Rocket Review

by Richard Brase

Aura Rocket provides a classical way to engage in long-term trading. When you set the EA on low risk, you...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10

Best Crypto Bots

  • Bitsgap 9/10
  • Cryptohopper 8.5/10
  • Pionex 7.5/10

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
arbitrage atr Avalanche AVAX Coin bollinger bands cci chart patterns classics copy trading courses Crypto day trading forex brokers forex charts forex ea forex education forex forecasting Forex Indicators forex software reviews grid trading hedging ichimoku macd market cycles news trading oscillators Polkadot price action trading rsi social trading SOL Solana strategies tips & tricks trading bots trading platforms trend trading Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2022 by ForexEzy.com

No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2022, Forexezy.