Expert Advisors - WallStreet Forex Robot
WallStreet Forex Robot is an Expert Advisor currently trading four currency pairs around the clock, but compared with many other scalpers WallStreet Forex Robot focuses on highly liquid market periods and rarely trades e.g. in the Asian session. The trading strategy of this Expert Advisors is based on the recognition of short term to medium term trends at the longest, the targeted profit for each trade should be in the two-digit pip range.
WallStreet Forex Robot dynamically calculates take profit and stop loss limits, the maximum risk reward ratio can be found between 3:1 and 8:1 depending on the currency pair. Since positions are usually closed before reaching the stop loss limit, the actual risk reward ratio should be in the range of 3:1 which is confirmed by backtests. A stealth mode can be activated in order to conceal take profit and stop loss limits from the broker, in this case stop loss limits are only posted externally for emergency purposes.
If required, the trading parameters valid for each currency pair can either be updated through the developers' server or be set manually, the latter also enables the trading of currency pairs not recommended by the developers.
Trading strategy
Scalper
Currency pairs
EUR/USD, GBP/USD, USD/JPY, AUD/USD, (USD/CHF, USD/CAD, NZD/USD)
Chart
M15
Trading hours
All sessions.
00:00 - 24:00 GMT
00:00 - 24:00 GMT
Price
Standard licence USD 299 | Single licence USD 195.
Payment through Avangate.
Voucher for a 15% discount: BBA0FB2219
Payment through Avangate.
Voucher for a 15% discount: BBA0FB2219
Return policy
The developers grant an unrestricted right to return within 60 days of purchase which will be paid back through Avangate.
Licence
The standard licence is valid for three live and an unlimited number of demo accounts. The licence can be managed in the members area of the developers' website.
Manual
A 18-pages manual explains in detail the installation and set up of WallStreet Forex Robot, the input parameters and their impact.
Links
Live Performance
The performance of WallStreet Forex Robot is demonstrated, as follows, on an exclusive Pepperstone ECN Live account as well as on a live account of the developers. As Pepperstone doesn't support the old Razor accounts anymore, the EA has been moved to a new Edge account.
Backtesting
WallStreet Forex Robot backtests for the period 2009 - 2012 are shown below.
EUR/USD, spread: 2 pips, risk: 5%
GBP/USD, spread: 3 pips, risk: 5%
USD/JPY, spread: 2 pips, risk: 5%
AUD/USD, spread: 3 pips, risk: 5%
USD/CHF, spread: 3 pips, risk: 5%
USD/CAD, spread: 3 pips, risk: 5%
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