Well, now we know the most important characteristics of Wall Street Forex Robot; it's a scalper, running 24/5, uses the M15 timeframe and the pairs recommended by the provider are EURUSD and GBPUSD, while USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD are also officially supported.
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 SL 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 the SL, the average win / 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 EA it seems to be entirely thread safe.
When running on the recommended two pairs, the average of WallStreet Robot is about 3.5 trades / day and almost 5 trades / day when running on all the five days of the week, 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 EA.
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.
It basically depends on short term trends by identifying them and trading in their direction.
It trades multiple currency pairs at a time with coordination to balance out the risk.
So if for example the EA has 2 pairs with profitable trades, then one of them has gone against the desired direction, the system then tends to close this loser trade but it waits till the result sum of closing both is a profit, to close them together, so the net result will be a profit despite the losing trade.
This is considered a reasonable form of protection added to profit securing!
It applies the professional fund managers technique called the "Smart Money" for maximum profitability, in addition to a sophisticated drawdown compensating algorithm combined to the well known volatility breakout strategy for maximum protection.
The volatility breakout strategy is used by Smart Money technique to follow the market impulse for its purity and logic for the most reliable and constant performance.
In addition to that, the EA applies a cutting-edge polynomial algorithm that sets and tunes the system parameters in real-time in response to the continuous market movements and condition changes.
It also applies a set of intelligent profitable and protecting systems as:
- High spread and high slippage protection system.
- State-Of-The-Art Profit Protection System.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
By its carefully coded logic, RayBOT trades swings close to support / resistance levels and once a position has been opened, the eagerly acting built in trade management unit starts its work.
To protect the trade, the ideal StopLoss and TakeProfit levels are then immediately calculated by the EA to be set on the broker's side, while the trade is really managed by using undisclosed StopLoss and TakeProfit which are dynamically calculated by the EA according to the running volatility level and usually limited to 65 pips on an average of just 35 pips. During periods of financial crisis, the market could be extremely volatile, in such cases, the EA sets the StopLoss at a maximum of 200 pips.
RayBOT allows winning trades to continue to their full potential to maximize gains while it early cuts losing ones. It usually closes trades on the trend strength loss or at the early beginning of a reversal.
The system is a positive risk to reward ratio dependent, achieving a success rate that could exceed 50%.
Volatility Based Market Algorithm & Money Management
Volatility Factor EA was designed to make 10-15+ pips per trade via its very powerful volatility based market algorithm.
This algorithm closely watches the market, so when a desired movement is detected in a certain direction, in a lightening fast reaction, it initiates trades with leverage to magnify the returns on the current market volatility.
The EA focuses on the medium term market's signals and with its powerful and sensitive money management system, it can keep your account safe and minimizes risk till the trades get exited.
Prevailing Level Detection
This is the corner stone for the volatility based trading strategy via a thorough view over the market to correctly predicting the currency pair trading range within which its price swings.
More over, thousands of sophisticated calculations are necessary to correctly map the channel and accurately identify the prevailing level, which are automatically processed by Volatility Factor EA.
By applying the volatility based market algorithm, the EA can make important profits unless a genuine channel breakout has occurred that isn't inline with the algorithm's calculations, here the EA money management algorithms starts its action by closely watching the trades and systematically closing each position with an optimal profit level and a minimum drawdown to protect the account balance and keep it within the risk profile parameters.
With such strategy and profiting protocol, any system should end into a lazy one with slow trading rate, but via its lightning fast trading logic, Volatility Factor EA can quickly react with the market, analyze it and makes 3 - 4 profitable trades per session.
Spread and Price Slippage Protection
Volatility Factor EA has an advanced integrated protection system that is configured to minimize the broker driven price spread and slippage, so it's compatible with any broker and any account type.
- It's a Trend follower Forex robot (No Forex indicators are involved).
- It also has an improved smart money management system that can keep the account balance secure and protect it from unbearable losses!
- It has a safe Drawdown control.
General Trading Features
As a breakout based Forex robot, Manhattan FX always sets a StopLoss for every trade to protect the account, in addition to its clever Money Management system that carefully determines trading opportunities and the suitable lot size for each of them.
Manhattan FX Trading is limited to 10 lots (1000,000 units) in the 2-License version and 5 lots (500,000 units) in the other 2 versions, this is useful for disallowing unnecessary high positions and is considered a good safety measure.
High Spread Filter
By default, Manhattan FX this built in system forces the robot to cease trading during spreads widening as during summer and before news. This can be stopped manually if not desired.
Hedge Track Trader rarely needs to be manually adjusted on market conditions changes, it can adapt to them successfully as seen in the 2015 - 2016 market conditions that could fail many other strategies but this one.
Compatible With Small Accounts
It doesn't require high starting account balance, it can adapt to any account size and start trading with reasonable risk.
Conjectural Trade Management
It determines various target profit levels according to the current market conditions, trends, and certain volatility factors to manage trades dynamically.
Cross Currency Hedge Protection
In traditional hedge strategy, you buy and sell a currency pair at the same time allowing for the winner trade to proceed and cutting off the loser one, this is how you can make profits from hedging.
This is unlike Hedge Track Trader EA which perform hedging on different currency pairs and thus harvesting more profits with an always considered protection element.
Added to being a fully automated, adaptable and customizable, a user friendly and a compatible Forex robot with all broker and account types including US based ones, Forex Trend Hunter has many other useful features the most interesting of which are:
- An integrated well developed account and money management system.
- A built-in sophisticated loss recovery system.
- Protection system against inequitable brokers trying to deceive.
- High profitability as it could exceed 300 pips in one trade.
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