WallStreet Forex Robot 2.0 Evolution is among the suitable applications used to assist traders and investors in succeeding in forex trading. It is trustworthy as it has backing from the MyFxbook group that has verified its performance.
This article provides complete review to this trading robot, including its Pros and Cons, and special link to access the Special Offer for purchasing this EA.
Overview and Features
EA (Expert Advisor) can automate the trading process thus prevent the trader from constantly watching the market patterns.
In this industry, WallStreet Forex Robot 2.0 Evolution has a verified performance under accounts relating to real forex money providing exemplary results. It is possible to run more than one EA automatic trading system on a single account without affecting any other trade.
This EA has passed 20 years of back-test and performed good on forward test (based on MyFxbook historical data).
EURUSD 20 years trading performance:
GBPUSD 20 years trading performance:
USDJPY 20 years trading performance:
USDCAD 20 years trading performance:
Minimum starting capital
The WallStreet Forex Robot 2.0 Evolution platform is designed to perform trades in the forex market with a minimum sum of money that relates to the broker used. The amount can range from as low as one hundred dollars to five hundred dollars.
It is, however, disadvantageous to use a small amount of capital as the market trades will be conducted in small portions. You may start with capital of $1,000.
The platform can work any pairs actually, but it is recommended to use this EA for these 8 pairs only:
WallStreet Forex Robot 2.0 Evolution can protect traders and investors from ill-intended brokers who don’t follow business ethics thus negatively impact the investors. Through negative slips or delays in order executions. This aspect reffers to a broker espionage module.
The software has a live configuration system that updates in real-time. This, therefore, means that the trader don’t need to restart the program once already in execution.
The software has an improved speed capability as portrayed by the developers to the previous system. The system has incorporated the best aspects of the previous system but improved its efficiency.
This therefore generally reveals that the update of the system is done automatically and quickly adapts to the changing market conditions. Additionally, trader can set-up the program to work automatically without any human assistance thus make trades and investments to make a real profit throughout the business day.
As mentioned earlier, WallStreet Forex Robot 2.0 Evolution has a Broker Spy Module that can identify and stop fraudsters from real traders. This module ensures no theft is successful from any unethical agent towards a particular trader.
This program does this by having in place numerous fail-safe aspects that have the purpose of stopping and preventing the said agent from deceiving the software through delays or ordering execution spreads.
The module achieves this by constantly monitoring all the transactions and investments of the brokers at every instant. The monitoring is done constantly every day with no break or close, therefore, preventing any malicious attempt at all times.
Performance in market
As mentioned earlier, WallStreet Forex Robot version 2.0 (Evolution) has improved consistency and is more cost-effective.
Concerning pips the program can offer an extremely high number for a given period as compared to the older version. The increase in the point in percentage can result in a tremendous increase in profit margin for the trader.
The bot works well in scalping method with M15 time-frame. The recommended pairs that work efficiently are EUR/USD as well as GBP/USD. These are the main currency pairs that are traded upon. Other pairs include: NZD/USD, USD/JPY, USD/CHF, AUD/USD and CAD/USD.
The trader, as most do, would manually configure each pair but this is ill-advised as the program is already updated from the servers. This is done after receiving authorized access thus sets the default values of each currency pair.
Even though the stop loss is rare to hit, the market usually tends to trend against it, the program will have the capability of making a close on a deal before attaining the average profits or loss.
The program is also able to gain interest before the expected profit margin is affected by its position in the forex market. It does this concurrently while determining that there are some points that the market can give.
Strategy behind the EA
The strategy behind this EA is simple to understand. The EA uses multiple indicators to determine the input signals. The EA also uses repetitive means to both open and close requests and hence denotes a particular degree of expertise in association to live operations.
The use of DLL programming language seems more of a barrier when operating on numerous peers that are using this same DLL. This program, however, uses the DLL with complete thread safety.
The WallStreet Forex Robot 2.0 Evolution completely adheres to the NFA rules, nondeterministic finite automation. This is because it only opens one operation on each traded component. This aspect, therefore, prevents the problem associated with market coverage. It is however, advisable to take heed when trading with another EA that is transacting in the same currency pair while using an account that follows the NFA rules.
Two main parameters are constantly used by the program, namely AutoMM and the Recovery Mode.
The AutoMM determines the amount of commercial risk in the forex market. This parameter has six settings ranging from zero to five. Suppose the setting is at zero, them the WallStreet Forex Robot 2.0 Evolution will operate with a pip that is set constant at 0.1. This setting can, however, be adjusted to the desired batch size.
The Recovery Mode is the second setting which is as important as the first parameter. You’d better disable this parameter as it can drastically increase the reduction even though it seems to have the potential of offering greater earnings.
Pros and Cons
These are the main reasons why this software is favorable software for trading in the forex market:
- The trader will gain a sufficient level of experience to confidently trade in the forex market.
- The trader will acquire clarity towards the trading tactics employed in the forex market hence get profit.
- An improved and better trading criteria and discipline in the forex market.
- Risk management in the forex market is greatly improved.
- The trading pattern used involves a background of data that backs the reason for trending towards or against a particular trend.
- An automated trading software thus reduced loss by the broker.
- Use of defensive stops that help mitigate any loss.
- This program is favorable to amateurs.
- The use of a free demo separate from the professional account freely allows the beginner to understand what the software offers and its operation in the forex market.
- The use of customer service available at all times.
- The application of automated updates.
- The program allows the trader to do any form of negotiation at any period based on the custom settings given.
There are few to no disadvantages to this platform. However, a distinct one is for some traders (especially with trading capital of under $1000), the WallStreet Forex Robot 2.0 Evolution is little bit expensive.
But keep in mind that in Forex industry, a good stuff is more likely to be higher in price as it could save you from losing more in the market. That’s why the most important thing to consider in buying decision is the tool’s performance.
Below are the link to purchase Wallstreet Forex Robot 2.0 Evolution at special price: