Forex trading bot reviews

WallStreet Forex Robot claims to be a reliable and accurate professional advisor which could earnings in all forms of markets. While the seller claims that this robot can multiply your income, we cannot just cross via their words, and this necessitates an in depth evaluation of the choices diverse overall performance factors of the choices EA.

This robot is synthetic by way of the Seychelles-based totally FXautomater crew. The team has built different robots within the beyond like BF News Trader EA, Omega Trend EA, Smart Scalper Pro, Grid Master Pro, GOLD Scalper Pro, Smart Scalper Pro, and so on. However, we don’t understand when it was based and the vendor has no longer found out the identities of the developers and buyers.

This EA is well suited with ECN brokers and might carry out vehicle-detection of 4/five digit brokers. It has a broker secret agent module that allows you to reveal whether or not cheating brokers are seeking to cheat you. WallStreet Forex Robot also has a dealer protection device that forestalls agents from seeing your prevent-loss levels and trading towards you. It locations a stealth mode prevent loss beforehand of the emergency stop loss.

While trading with this robot, you have the option of the use of a fixed lot size or activating the same old chance management feature. When you pick the second choice, your lot length grows proportionately for your buying and selling account. You additionally have the choice of activating the drawdown reimbursement algorithm.

The EA sends notifications thru e mail and cellular to permit the buyers recognize approximately opened and closed positions. It has a time management machine that lets you manipulate the precise buying and selling time. You can use it with micro, mini, and standard money owed.

Trading techniques and foreign money pairs

WallStreet the Forex market Robot trades in pairs like AUD/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, GBP/USD, and EUR/USD. According to the vendor, you have to apply it to M15 charts. The minimal deposit is $a hundred to $500, however lengthy-term traders need to deposit at least $one thousand to $5000.

We don’t have a proper reason for the choices trading method, which is quite unlucky. Seasoned Forex traders continually search for some approach perception, as it permits them to get an concept about the machine’s profitability. Without it, a lot of them might not feel assured sufficient to use this robot for stay buying and selling.

Backtesting results for the EUR/USD pair

Here we’ve got the effects for a backtest carried out on the GBP/CAD pair from 2007 to 2019 with 90% modeling satisfactory. The EA made an initial deposit of $2000 for this take a look at, generating a total internet profit of $65722.02. It located a complete of 863 trades for the duration of these 12 years, triumphing 717 out of them. Thus, it had a win charge of eighty three.08% and a profit issue of three.18.

WallStreet the Forex market Robot buying and selling records

Growth chart for WallStreet the Forex market Robot

This live buying and selling account turned into launched on August 04, 2020. To date, the choices EA has positioned 1806 trades via this account, prevailing 79% out of them and producing a complete earnings of $17362.18. The day by day and month-to-month income for this account are zero.28% and eight.sixty six%, respectively, even as the drawdown is pretty excessive at 27.eighty three%. This tells us that the EA follows a high-risk trading strategy that may result in large losses.

Trading results for WallStreet the Forex market Robot

By analyzing the trading results, we are able to see that the EA is following a Martingale-Grid mixture. This is an exceptionally dangerous buying and selling scheme that experienced investors keep away from. It can drain your account very quickly, and this makes us wary approximately making an investment on this robot.

Pricing and refund

You can buy WallStreet the Forex market Robot for the charge of $267. This is not exactly cheap as compared to different robots on the market, and we don’t assume it’s far really worth paying this plenty for a robot that uses a volatile approach. The seller offers a 60-day money-again guarantee for this product.

What else you ought to know about WallStreet the Forex market Robot

User critiques for WallStreet Forex Robot on FPA

There are numerous person evaluations for this EA on the Forexpeacearmy internet site. Here users have complained about the profits now not being sufficient. Clearly, many humans are not satisfied with the choices system’s overall performance.

We don’t suppose it’s smart to put money into this expert guide. It is overpriced and uses a excessive-danger Martingale-Grid mixture buying and selling strategy which could cause huge losses. There are numerous clients who’ve complained about the performance of the choices EA, so we might advocate you to live faraway from it.

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