Today, I like to review another classic trading robot that still looks promising today. The robot is called Wallstreet Forex Robot.
The first version of Wallstreet Forex Robot was published in 2011. In 2016 a new and updated version was released. It’s called Wallstreet Forex Robot 2.0 Evolution.
The new version contains some new features:
Especially, the broker spy module looks interesting. But let’s get an overview of the complete product first.
Is Wallstreet Forex Robot 2.0 Evolution Scam or Not?
You can buy the robot through the website wallstreet-forex.com. Usually, the price is $347. However, the vendor offers promotion specials from time to time. Then you can get the robot cheaper. The current summer promotion gives you a $80 discount.
The website looks professional and well designed. It provides a lot of information about the trading robot and many statements.
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You can find the privacy policy as well as the terms & conditions in the footer.
The vendor offers a 30-day no-questions-asked money back guarantee. However, there is no imprint. This hides the seller’s identity at first glance. In the header, you can see the logo “FX Automater”.
FX Automater claims to be an experienced team of successful Forex traders with more than 12 years trading experience and 8 years in developing automated trading system. They developed other well-known trading robots (Volatility Factor, Forex Diamond, Forex Trend Detector etc.), too. However, the vendor uses a domain privacy service to hide his identity. In my opinion, the vendor should place an imprint with their physical address on their website. However, FX Automater has a long reputation. So I believe this seller is reliable.
The trading logic of Wallstreet Forex Robot 2.0 Evolution is explained on their website:
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Wallstreet Forex Robot 2.0 Evolution was designed especially for the most liquid, narrowest spread currency pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD.
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The robot trades short and medium-term trends.
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The average amount of winning transactions Is in the order of 10 to 15 pips
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Despite the spreads in many currency pairs are usually in the 1 to 3 pips range, WallStreet Forex Robot 2.0 Evolution has an inbuilt HIGH SPREAD PROTECTION SYSTEM, which protects you from surprising losses at moments of very high market volatility.
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Another unique feature about WallStreet Forex Robot 2.0 Evolution is the built in BROKER PROTECTION SYSTEM. It is widely known that many Metatrader brokers trade against their clients and together with things like high spreads, off quote errors and slippage it has become challenging for a trading robot to make a profit consistently. WallStreet Forex Robot 2.0 Evolution has one of the best-released broker protection systems.
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Alongside standard options allowing you to use fixed volumes chosen by you in each deal and standard risk management with proportional lot growth, WallStreet Forex Robot 2.0 Evolution has a unique built-in algorithm which allows you to activate effective current drawdown compensation.
In one of my previous posts we talked about RobinVOL, a classic trading with a good performance. Today, I like to review another classic trading robot that still looks promising today. The robot is called Wallstreet Forex Robot.
So you can read much more about the features of the trading robot. But there is no detailed information about entry and exit rules.
There is a real money account statement on MyFXBook. The vendor uses an Alpari RU account which is fully verified. The account 16 months old.
My conclusion: The vendor looks reliable. Though I wish my some more transparency about the vendor’s location and the trading rules of the robot. However, I'm bound to say that I like the public appearance as many other vendor’s would never give me so much insight about their product.
On my website I take a deeper look into the EA's metircs (profit factor, draw down etc.). If you like to read to complete review, please click here.