Last Updated On
Sun Mar 19th, 2017
 
Rating: 4.75/5 (678 vote(s) cast)

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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.

Trading Idea
A scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, 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.
Currency Pairs
GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent!
Timeframe
M15
Backtests
Live Performance
Last Updated On
Sat Mar 04th, 2017
 
Rating: 4.65/5 (30 vote(s) cast)

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Forex Testosterone TSFX EA strategy creators have integrated the most suitable algorithms into the system aiming to exit the drawdowns with the least losses. Two martingales; an internal one works to maximize profits, while depending on the percentage value of the established risk, an external martingale equilibrates and limits the internal one stopping large drawdowns and opening of a large number of orders.

Trading Idea
Forex Testosterone TSFX EA is a mathematical two-martingale (interacting external & internal) algorithms with a logic that closes orders according the current risk and account balance.
Currency Pairs
USDJPY
Timeframe
Any
Backtests
Live Performance
Last Updated On
Fri Feb 24th, 2017
 
Rating: 4.7/5 (53 vote(s) cast)

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Multiple trading strategies are engaged into one another, the starting strategy is basically back Martingale for the first 3 - 4 orders, then depending on spread / steps, basic Martingale joins to increase Lot and win more profits.
After 7 - 8 - 9 orders, MineSweeper EA starts to minimize the risk of trend going so far.
The EA can also work with fixed Lot size. Limiting Lot size depends on the account balance (10,000 Lots with Max Lot Size of 1.0 are recommended by the developer).
The user is able to close orders opened by the EA at anytime, this option is not enabled by default and needs to be enabled in the EA settings.

Economical News

They significantly affect the market behavior and so the EA performance especially Wednesday news, so it's strongly recommended to close all the opened orders before Wednesday until Thursday for safety.
If the account balance is good enough and can withstand the impacts of the news on Wednesday, it's recommended to risk a little and keep the orders opened as they can then generate important profits.

Trading Idea
Multiple strategies are working together in MineSweeper EA, basically back Martingale for the first 3 - 4 orders, then basic Martingale to increase the profits with risk minimizing measures after 7 - 8 - 9 orders.
Currency Pairs
EURJPY, EURUSD, USDJPY, USDCAD, USDCHF, AUDUSD and GBPUSD
Timeframe
M1, M5 and M15 (Other Timeframes are Supported Too)
Backtests
Available in the MineSweeper EA Review
Live Performance
Available in the MineSweeper EA Review
Last Updated On
Sat Feb 18th, 2017
 
Rating: 4.65/5 (80 vote(s) cast)

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Hard Drawdown Control

Losing money is what every trader tends to avoid in Forex trading, for that the right Money Management System is needed. Forex inControl reborn EA allows the trader to set the absolute maximum drawdown value manually not to be exceeded what ever happening in the market. This technology automatically sets StopLoss values for every order based on the previously set maximum drawdown value not to be exceeded by the sum of all the trades together.

Trading on 4 Different Pairs

The core algorithm of the Forex inControl reborn EA is so powerful and simple so it can trade different currency pairs, the best 4 of them are officially supported by the EA developers. This variability can guarantee stable profits as tradable pair supports the other keeping the overall drawdown below the maximum set value. This is a high possibility to maximize the profits with minimizing the risks.

Risk / Profit Advanced Handling

Moreover, it gives the trader the ability to set the maximum drawdown value for each currency pair separately so that an advanced control over the profit and risks can be obtained achieving more stable profit at minimal risks.

The robot has a Conservative, Normal and Aggressive styles of trading.

Forex inControl reborn

This is a new version released in Feb 2017, a safer and more secure version at the official settings with good optimized parameters. It also has a new mode; Accelerator.

Trading Idea
It waits for the market's best situation to open trades, by setting the maximum drawdown value for all the trades or for each tradable currency pair separately, it guarantees an unprecedented control over the account balance it's trading. It can also run alone or simultaneously with other Forex Robots.
Currency Pairs
EURGBP and AUDUSD
Timeframe
M30
Backtests
Live Performance
Last Updated On
Thu Jan 19th, 2017
 
Rating: 4.82/5 (253 vote(s) cast)

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Einstein Trader uses price action strategy on M1 with employing certain safety filters, so trades frequency is limited with the predominance of specific higher profitable winner ones.

This is more realistic for profiting on live trading with real money accounts as too many trades at once can easily lose due to the of lack of liquidity and broker delays.

Trading Idea
Einstein Trader is a price action frequent scalper, an automated Forex system with safety filters, no high stop loss, quick – in and out trades, no grid trading and no martingale.
Currency Pairs
EURUSD, GBPUSD & USDJPY
Timeframe
M1
Backtests
Available in the Einstein Trader Review
Live Performance
Available in the Einstein Trader Review
Last Updated On
Tue Jan 03rd, 2017
 
Rating: 4.68/5 (51 vote(s) cast)

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The Price Inertia

This is a value that can be detected during sharp price movements and it indicates whether this is a temporary movement or the beginning of a new price direction.

Inertia Trader is always monitoring the market for sharp price that whenever occurred, the EA determines its inertia, if the inertia is indicates a new price direction, the EA opens trades at the bar close in the same direction of the price momentum.

Stop Loss & Take Profit

Every new trade opened by Inertia Trader gets a hard stop loss and take profit values for protection just in emergency situations.

The take profit value is always about one third above that of the stop loss, this is how a positive reward for risk on every trade can be ensured, while the stop loss is is never set to a large value.

This generates a positive ratio that provides a strong market edge for Inertia Trader in the long term whatever the current or overall market conditions are.

Account Protection

Many filters and action delays are added to the EA trading function to guard against possible spiked spreads or abnormal slippage periods as those of abnormal news.

In general, Inertia Trader protects the account from any abnormal and risky movements.

Trading Idea
Inertia Trader uses the idea of price inertia and its trading behavior is mainly based on the price momentum physical properties.
As the fundamental market principles forms the core of its trading function and it doesn't trade based on past historical data, there is no need for it to be regularly optimized.
Currency Pairs
EURUSD
Timeframe
M1
Backtests
Available in the Inertia Trader Review
Live Performance
Available in the Inertia Trader Review
Last Updated On
Thu Nov 17th, 2016
 
Rating: 4.87/5 (431 vote(s) cast)

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It's mainly an Asian session scalper on 8 different currency pairs in addition to another unique strategy for EURUSD on the M1 timeframe is the "long term strategy". The included comprehensive manual attempts to explain every thing related to the Forex market up to VPS solutions, it even didn't ignore history data and backtesting. The package includes an ex4 and a DLL files and the EA supports so many parameters that are briefly explained in the manual, with mention of this disclaimer:

Other settings can be left as defaults. All other settings can be left as they are, and you can be confident in the knowledge that we have worked hard to optimize the default settings to ensure you achieve good results.

A question arises; why the Forex robot parameters are so important if it could work without modifying them? The authors may think that an EA being full of parameters will be more satisfying for a customer, while the only parameter that could be modified by a standard user seems to be the "GMT offset". Accordingly, the following backtests were run on a modified GMT offset. You may also need to modify the "money management risk", it's 5 in the EA by default that is good enough for backtesting, but the "long term strategy" was manually set to be automatic with a lot factor of 1, that looks like a correct risk setting for the pips number involved in every trade.

The new and improved versions FAPTurbo 2.0 and FAPTurbo 3.0 got many enhanced features significantly supporting the capital risk protection, including the High Spread Protection System, Automatic Risk Scaling and Built-In Loss Prevention System.

Trading Idea
The old style works as an Asian session scalper including a long term advanced strategy trading around the clock on EURUSD with high SL & TP targets.
Starting from FAPTurbo 2.0 and of course FAPTurbo 3.0, the EA could trade 8 different pairs with an extreme high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Currency Pairs
7 Different Pairs (EURUSD, EURGBP, EURCHF, GBPCHF, USDCHF, GBPUSD, USDCAD) + BITCOIN
Timeframe
M15 for Bitcoin trading and H1 for Multi-currency trading.
Backtests
Available in the FAPTurbo Review
Live Performance
Available in the FAPTurbo Review
Last Updated On
Mon Oct 10th, 2016
 
Rating: 4.69/5 (161 vote(s) cast)

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Based on scalping strategy, the EA uses identical 40 pips stop loss and take profit limits, producing a theoretic a 1:1 risk-reward-ratio. This risk-reward-ratio may fall to 2:1 in backtests or even lower in live trading as the EA Happy Market Hours tends to close positions regularly after the market positions before S/L and T/P limits are reached. However these limit values in the EA are excellent for a scalper.

The default maximum spread used by the EA is 5 pips, such a spread - especially with minor currency pairs - is unreachable by any broker even during the active European or American Sessions. During the wider spread Asian Session, this limit could be breached easier.

Trading Idea
A scalper EA using identical 40 pips S/L and T/P limits with default maximum spread of 5 pips, basically designed for all types of traders in the Forex market including new users.
Currency Pairs
EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF
Timeframe
M15
Backtests
Available in the Happy Market Hours Review
Live Performance
Available in the Happy Market Hours Review
Last Updated On
Mon Aug 08th, 2016
 
Rating: 4.78/5 (374 vote(s) cast)

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Compared to the previous version, the latest RobinVOL v3.0 is a totally new Forex robot that included many improvements and new features in addition to some important features from its precursor v2.0.

It trades volatility breakouts. It enters positions in the breakout directions using two different strategies:

  • On Breakout Occurrence.
  • On Breakout Retracement.

Positions are added in the breakout direction on every bar as long as the conditions are met, RobinVOL only trades at the bar close protecting against some market spikes and fake movements.

If the TakeProfit or StopLoss levels are touched by the traded pair price, the opened trade is not closed at once, but RobinVOL waits for the bar closing to see if the price closes behind those levels, so every trade closing will always be a bit further from both the TakeProfit and StopLoss levels.

Portfolio Mode

This is a new capability in the latest version 3 of the EA, it can now run with multiple configurations at the same time via holding and manipulating the market data rapidly and precisely.

Order Management

Inline with portfolio mode, RobinVOL v3.0 can now efficiently manage all operations on the same currency pair and avoid unnecessary commissions to improve its efficacy.

Single Trading Mode

This is the traditional trading mode of the previous version 2.0, it's still operable in the latest version 3.0 where it's now more profitable thanks to the improvements made to the latest version, the most important of which is the ability to trade in non-standard timeframes as 7M and 12M for example.

Security and Protection

All the security features of the older version 2.0 as the weekend protection, bracket StopLoss / TakeProfit and setting an initial balance regardless of the real account balance are kept in the latest version 3.0 in addition to the new option to specify the size in the account currency for calculation operation sizes that was added to the EA settings.

Performance Variations Expansion

Multiple pairs are now supported with different timeframes that were carefully selected after deep performance analysis and testing with various techniques.

Graphical Interface

A redesigned graphical interface is now integrated to display important information on the chart in a simple and clean way to track information from different charts in one place.

Setting Files and Folders Structure

After installing RobinVOL v3.0, monthly updated setting files that are downloadable at the official client area have to be copied to EA folders every month, a new structure of these folders have been set to make this process easier compared to the previous version.

On updating the setting files at the beginning of each month, trades from the previous month will still be automatically managed even if there is no setting files.

RobinVOL v3.0 can also run with other Forex robots.

Trading Idea
Forex RobinVOL trades volatility breakouts and their retracements. It's not a scalper and opens additional trades whenever matching the first entry conditions, up to a preset count of trades which is 8 by default, and just trades at bar open.
Currency Pairs
AUDJPY, AUDUSD, CADJPY, EURAUD, EURGBP, EURJPY, EURUSD, GBPAUD, GBPUSD, USDCAD and USDJPY
Timeframe
M1, non-standard timeframes are supported.
Backtests
Available in the Forex RobinVOL Review
Live Performance
Available in the Forex RobinVOL Review