Forex Robot Reviews
NFA and FIFO Fully Compatible with no Hedging Problems.
License One Real and Unlimited Demo Accounts + FREE MetaTrader5 Version + FREE Bonus Wall Street Asia EA + FREE Bonus Wall Street Recovery PRO EA (Lifetime Membership).
Support & Updates FREE Lifetime Updates + Professional 24/7 Client Support via Email.
Brokers & Accounts All MT4 & MT5 Brokers are Compatible including ECN. All Accounts are Compatible including MICRO, Mini, and Standard Types. Operates with 4 and 5 Decimal Digits, We Recommend Installing it on TradingFX VPS and Using it on a ICMarkets Raw Spread Account for the Best Stability and Profitability.
User Guide An Easy to Follow Detailed User Guide with Instructions to Setup, Activate, Configure, Live Use & Backtest the EA is Included. Setting Recommendations are Included in the Official Website's Members Area.
Refund Policy 60 Day Money Back is Guaranteed by the EA Vendor.
MT5 Version Supports MT5 Trading Terminal.
Bonuses
  • FREE Bonus Wall Street Asia EA
  • FREE Bonus Wall Street Recovery PRO EA
  • FREE Bonus Wall Street Gold Trader EA
Installation Wizard The EA is Added to the Metatrader Terminal via An Easy Automatic Installer in a few Button Clicks.
Supported Currency Pairs GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent!
MT4 Chart Timeframe M15

Recorded Visual Backtest

WallStreet Forex Robot 2.0 Evolution 1.2 In Action on GBPUSD from Mar 2018 to Sep 2019 using 99.9% Quality Tick Data

What came into my mind at the first glance after reading the name of this EA was something like "oh naivety, what an uninspired name, Wall Street is not a Forex market". I thought it was another Asian session scalper or even just a copy of an existing original EA, but when I tried to inspect the opening times of the positions, lo and behold, I noticed that it wasn't restricted to the Asian session, and trades were being opened in the forward tests throughout the day! there are really very few 24/5 scalpers nowadays and this have given me a high feeling of suspicion and mistrust and tended to think it's kind of a scam. A lot of EA providers were discovered to fake statement results, and to cut removes all doubt, I decided to try to ask for a Wall Street Forex Robot copy, that request has been granted with a very quick email response.

Being writing about it here now is a clear indication that I do not consider it a scam in any way, It's really original scalper where trading several pairs around the clock and it seems to manage scraping a nice profit off it. The pairs officially recommended are EURUSD and GBPUSD, it also supports USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD. Like most of other scalpers nowadays, it runs on the M15 timeframe, so there's nothing new about this.

WallStreet Forex Robot 2.0 Evolution Live Performance Statements

WallStreet 2.0 Evolution REAL System by forexwallstreet | Myfxbook

WallStreet 2.0 Evolution REAL System by forexwallstreet | Myfxbook
Started On
Dec 22, 2017
Leverage
1:500
Broker
IC Markets
Account Type
Real
Starting Balance
$650

WallStreet Forex Robots All System by forexwallstreet | Myfxbook

WallStreet Forex Robots All System by forexwallstreet | Myfxbook
Started On
Aug 12, 2016
Leverage
1:500
Broker
Alpari RU
Account Type
Demo
Starting Balance
$10,000

WallStreet Forex Robot - USDCAD System by forexwallstreet | Myfxbook

WallStreet Forex Robot - USDCAD System by forexwallstreet | Myfxbook
Started On
Aug 12, 2016
Leverage
1:500
Broker
Alpari RU
Account Type
Demo
Starting Balance
$500

WallStreet 2.0 Evolution 2 - MetaTrader 5 System by forexwallstreet | Myfxbook

WallStreet 2.0 Evolution 2 - MetaTrader 5 System by forexwallstreet | Myfxbook
Started On
Apr 17, 2019
Leverage
1:500
Broker
IC Markets
Account Type
Demo
Starting Balance
$1,000

The third is the backtests area with six 14 Year backtests set and other six 1999 - 2014 backtests set which are performed using a large lot on a low starting balance, resulting in some rather large drawdowns, despite the steep ascending balance curve.

Then the fourth area that contains some explanatory text revealing the most important trading principles the EA, and finally there are the package details and a link to buy the EA. In addition to those 5 main areas, there are also frequently asked questions area.

Anyway, if you came here, I ask you to disregard the website and proceed with the review. An ugly website is no reason to dismiss a good product, it's just a matter of taste and may some people actually like this marketing style. An important notice which I was to forget is mentioned on the website, it's that the EA is already available for MetaTrader5 and buying the MT4 version will give an access to the MT5 version too, both are available for download in the members' area.

99.9% Modelling Quality Tick Data Backtests

We run the two officially recommended pairs EURUSD and GBPUSD on both history center data and 99% quality dukascopy tick data, history center data backtests has run with a spread of 2, while tick data backtests has run with a spread of 2 and a real spread of 0.7.

All the backtests has run using the default settings with AutoMM set to 3. An additional Tick data backtest for each pair was performed using FixedLots of 0.1.

All the backtests have run on a Tickmill ECN Pro Demo account with the help of Tick Data Suite, an ECN broker has lower spreads which will affect the EA performance positively, while a fixed spread broker, the spreads could be higher, so it's advised not to use Wall Street Forex Robot in that case as it'd not be a good idea.

EURUSD Backtests

v5.0 - EURUSD - May 2011 to May 2016 - M15 - History Center Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - EURUSD - May 2011 to May 2016 - M15 - History Center Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - EURUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - EURUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - EURUSD - May 2011 to May 2016 - M15 - Tick Data - Real Spread 0.7 - Default Settings - AutoMM 3

v5.0 - EURUSD - May 2011 to May 2016 - M15 - Tick Data - Real Spread 0.7 - Default Settings - AutoMM 3

v5.0 - EURUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - FixedLots 0.1

v5.0 - EURUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - FixedLots 0.1

GBPUSD Backtests

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - History Center Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - History Center Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - Tick Data - Real Spread 0.7 - Default Settings - AutoMM 3

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - Tick Data - Real Spread 0.7 - Default Settings - AutoMM 3

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - FixedLots 0.1

v5.0 - GBPUSD - May 2011 to May 2016 - M15 - Tick Data - Spread 2 - Default Settings - FixedLots 0.1

In general, GBPUSD was more profitable than EURUSD which was also working well, constantly ascending balance chart curve.

Here is a merged analysis of EURUSD and GBPUSD on the previous fixed spread (2 pips) backtest reports of the currencies using QuantAnalyzer v4.10.5 to for further data analysis and wider overview on the EA performance:

WallStreet Forex Robot EURUSD, GBPUSD Tick Data Portfolio Spread 2, AutoMM 3

The total monthly profit is $51.21 using a starting balance of $1,000, while the combined maximal relative drawdown is 4.87%, that was the the target as a maximum by setting AutoMM at 3. Many trades - over a third of them - are closed within one hour while most of the trades - over 80% of them - do not last over 5 hours. Anyhow, the longer a trade is, the lower the chance of ending up with a return from it. The average profit factor is 1.47, while the winning trades accounted for 78.64% of the total, with an average win / loss ratio of 3.68. A quick Monte Carlo Simulation Chart with 100 simulations is also available.

WallStreet Forex Robot 5.0, merged results for the fixed spread tick data backtests for EURUSD and GBPUSD

WallStreet Forex Robot 5.0, merged results for the fixed spread 2 tick data backtests for EURUSD and GBPUSD

New Pairs & Settings

USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD are supported in the latest versions of WallStreet Forex Robot while EURUSD and GBPUSD are still the only 2 officially recommended pairs, in addition to a whole new setting for EURUSD with a tight 33 pip StopLoss (EUR33) and GBP30, GBP52 and GBP52T (Turbo Settings) for GBPUSD. So that, this have to be re-investigated by creating new backtests for these new capabilities.

At the start only tick data backtests were run using the 99% quality Dukascopy tick data with fixed spread using risk of both 2 and 3, in addition to FixedLots of 0.1 backtests, all are presented down here.

EUR33 Mode Backtests

This mode runs with EURUSD with a fixed low StopLoss of 33 which provides more safety but as a result the trading frequency is decreased too, it's better to use it with recovery mode enabled.

v5.0 - EUR33 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - EUR33 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - EUR33 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - EUR33 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - EUR33 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

v5.0 - EUR33 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

GBP30 Mode Backtests

This mode runs with GBPUSD with a fixed low StopLoss of 30 which provides more safety but as a result the trading frequency is decreased too, it's better to use it with recovery mode enabled.

v5.0 - GBP30 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBP30 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBP30 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - GBP30 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - GBP30 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

v5.0 - GBP30 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

GBP52 Mode Backtests

This mode runs with GBPUSD with a fixed low StopLoss of 33 mainly to decrease the drawdown and improve the EA stability, but as a result the profit factor and the total net profit could are decreased compared to the standard settings.

v5.0 - GBP52 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBP52 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBP52 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - GBP52 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - GBP52 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

v5.0 - GBP52 - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

GBP52T (Turbo Settings) Mode Backtests

This mode aims and behaves the same as GBP52 with higher frequency to increase the total net profit, but as a result the profit factor is decreased and the drawdown is increased compared to the GBP52 mode.

v5.0 - GBP52T (Turbo) - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBP52T (Turbo) - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 3

v5.0 - GBP52T (Turbo) - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - GBP52T (Turbo) - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - AutoMM 2

v5.0 - GBP52T (Turbo) - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

v5.0 - GBP52T (Turbo) - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Spread 2 - Default Settings - FixedLots 0.1

Here is an other merged analysis of EUR30 and GBP33 on the previous fixed spread (2 pips) backtest reports of the EURUSD and GBPUSD using QuantAnalyzer v4.10.5:

WallStreet Forex Robot EUR30, GBP33 Tick Data Portfolio Spread 2, AutoMM 3

The average monthly profit is $24.83 using a starting balance of $1,000, while the combined maximal relative drawdown is 4.63%,, the average profit factor is 1.46, while the winning trades accounted for 86.27% of the total, with an average win / loss ratio of 6.28. A quick Monte Carlo Simulation Chart with 100 simulations is also available.

WallStreet Forex Robot 5.0, merged results for the fixed spread tick data backtests for EUR30 and GBP33

WallStreet Forex Robot 5.0, merged results for the fixed spread tick data backtests for EUR30 and GBP33

The most impressive of the previous new updates of the EA is the new EURUSD setting, but anyhow I prefer to keep it as close to "factory settings" as possible.

Trading Strategy

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.

Parameters

The most important parameter that has to be set is the AutoMM which is determines the risk with which the EA would trade where the EA opens positions in lots equal to (AutoMM Value / 10) which means a risk that equals to AutoMM Value % of the account balance per individual transaction. An AutoMM set to 3 is considered moderate risk, something like 5 would be the most popular value set by the traders. Setting it to Zero will let the EA trades with a constant lot size of 0.1 pips which can be changed to the desired lot size.

The second most important parameter is the RecoveryMode that is strongly recommend to be left disabled. While it may seem to gain higher, it will certainly increase the drawdown dramatically, even the included user guide recommends that. One other parameter is that used to limit the maximum risk per trade with a default value of 20 which is considered a perfect value for that parameter, it's basically a safety setting.

A featured StealthMode parameter is likely better to off / disable it if the account's broker isn't suspected to misbehave. A similar setting with another EA caused some very heavy losses. Any trader could configure the pair parameters manually instead of using its defaults. The stop loss, take profit, secure profit and secure profit trigger parameters are also configurable.

Every parameter is explained in the manual and there is a whole chapter concerning money management that explains the correct configurations of the EA to use the risk that you want, but you have to care for that each currency pair has its own inherent risk and as the EA runs on multiple pairs, this usually leads to smoothed out drawdowns, sometimes combined drawdowns. A backtesting chapter is also featured in the user guide. It also contains some really reasonable broker advice with no affiliate links.

The EA features a HUD (chart display) that looks like the same style as old KangarooEA but with a bit less information. The most important data shown is the lots it will trade, the current spread and trade status along with the authentication result.

Official Website

With respect to the EA seller, The official website of Wall Street Forex Robot seems to be a miscellany collection of routine marketing stuff with all available font sizes and colors and this might give the impression that I'd be an other scam EA.

The website's most important areas are 5, the first involves promotional offers (if current) with the buy link in addition to some interesting information about the EA.

In the second area there are demo Alpari accounts live trading result statements running the EA, all of which are stamped with the independent verification of MyfxBook.

The Bottom Line

In fact Wall Street Forex Robot deserved to write a review about here, it does have a few drawbacks. While this is not counted as a cheap product as a copy costs a $297 (periodic discounts are frequently released) for a license running on a single live account with an MT5 version is included. If a $1000 account would be using this EA, it has to be run for about half a year with risk 3 just to result in a final profit equal to the investment. So this EA is mainly targeting larger account sizes. After the 2 year anniversary of the EA, the authors have updated the EA and now latest version includes also an advanced news filter.

No doubt, this is surely the only scalper robot with this profit and opening positions around the clock I even knew, in a way that the high price might be justified. The owners' forward test totally comply with the previous backtests, so it seems to be so promising. Finally, you may need to raise your intend level to buy this product if you knew that there is a 60 day refund policy, conditioned upon the EA failing to produce profit.

Promotional Video (by the Developer)

Latest WallStreet Forex Robot 2.0 Evolution News and Updates

WallStreet Forex Robot Amazing Performance for 2018 and -30% OFF! At previous short period of 2018, WallStreet 2.0 Evolution with its bonus robots WallStreet ASIA and WallStreet Recovery PRO continue to prove that they are the best forex robots on the market
How to Backtest WallStreet 2.0 Evolution using Dukascopy and History Center Data WallStreet Forex Robot 2.0 Evolution is carefully optimized and need no further optimizations but some custom settings for unsupported pairs should be tested before their use on real money, so the robots should be tested correctly
WallStreet Forex Robot 2.0 EVOLUTION Has Just Been Released The best of WallStreet Forex Robot logic is still coded into WallStreet 2.0 Evolution added to many improvements that enhance the system's profitability to a whole new level with -$100 discount
New WallStreet ASIA v1.4 Plus $80 OFF Coupon New WallStreet ASIA v1.4 with MaxDailyRange parameter added and GMT Detection Winter Problem Fixed Plus $80 OFF Coupon
WallStreet Recovery PRO v1.0, Another Interesting Free Bonus The WallStreet Forex Robot new version 5.0 authors have decided to add another powerful bonus without elevating the robot price, it's WallStreet Recovery PRO
NEW WallStreet Forex Robot v5.0 Released PLUS WallStreet ASIA - 2 In One The owners and coders of the well known market leading WallStreet Forex Robot, have recently released a new version 5.0. It comes with a bonus sub-version WallStreet ASIA robot
WallStreet Forex Robot 2014 Summer Cut-Price Sale! FXautomater, the robot owner company always endeavors to provide to its customers pleasant surprises during the summer periods. They are announcing their robot in a cut-price sale with nearly 40%
35% OFF WallStreet Forex Robot 3-Year Anniversary Sale It's the 3-Year Anniversary of WallStreet Forex Robot and its authors thought to use the occasion to help you! They are slashing the price by whole 35%
WallStreet Forex Robot 2014 WINTER SALE Promotion Today Wallstreet Forex Robots owners have started the interesting WINTER SALE Promotion, so that the prices of WallStreet Forex Robot will be discounted for the period from 25th February to 10th March
WallStreet Forex Robot Christmas Special Offer - 25% OFF Today, WallStreet Forex Robot authors are declaring a 2014 Christmas Special Offer! 25% OFF, a Limited offer, valid until December 15th, so don't miss it.
New Wallstreet Forex Robot Summer Bang Promotion Omega Trend Indicator promotion has ENDED! A new special and more valuable summer promotion is released! The prices of Wallstreet Forex Robot licenses will be discounted!
Another Great Promotion From WallStreet Forex Robot For every WallStreet Forex Robot purchase the Omega Trend Indicator will be included TOTALLY FREE! The Omega Trend Indicator market price is $97
The 2-Year Anniversary for Wallstreet Forex Robot It's the 2-Year Anniversary for Wallstreet Forex Robot and the EA authors are slashing the price by 35% and offering an Additional Settings

Talk about WallStreet Forex Robot 2.0 Evolution

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.