Forex Robot Reviews

WALLSTREET FOREX REVIEW

Foreign Exchange Robot: WallStreet Forex

Software Programmer: Team of pro Forex traders and developers

Scalping: Forex scalping following short-term and medium-term trends on M15 Chart

Forex Pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD

Trading Platform: MetaTrader-4 / MetaTrader-5

License: 1 Real Account License / Lifetime Updates

Pricing: 239 USD

» Visit the WallStreet Robot

INTRODUCTION TO WALLSTREET FOREX

Wallstreet Forex is an automated Forex software developed by a team of professional Forex traders and software developers. The robot focus on trader’s account protection by applying 5 different systems as you can see below in this review. The single license can be used in one (1) Real Account and unlimited Demo Accounts but you may purchase the full license which can be used in three (3) Real Accounts. You can start trading with Wallstreet Forex as low as $100 but the robot’s programmers recommend an available margin of $1,000-$5,000.

The Wallstreet Forex provides automatic installation via the file WallStreetForexRobotInstaller.exe, but instead you have the option to install the EA manually. The Forex Robot can be used on both MetaTrader-4 and MetaTrader-5 platforms.

This is the Forex Wallstreet Live Performance

WALLSTREET FOREX ALGORITMH

WallStreet Forex Robot is programmed to trade 6 Forex pairs on the M15 timeframe {EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD}. The Wallstreet Forex Robot executes on average 3-4 trades in a daily basis when running on the best-performing four pairs and executes 5 trades in a daily basis when running on the best-performing five pairs. Note that the WallStreet Forex should be first used on a Demo Account extensively before trading for real money.

The Trading Algorithm of the Forex robot includes 5 built-in systems:

  • Profit Protection System
  • High-Spread Protection System
  • High-Slippage Protection System
  • Broker Protection System
  • Advanced Money Management

Let’s see some of these protection strategies applied by the Forex Robot:

-WallStreet Forex Robot incorporates a built-in risk calculating algorithm that can automatically determine the trade volumes on the basis of account risk percentage. Additionally there is an option to activate another algorithm to compensate any current drawdown.

-WallStreet Forex incorporates also a built-in HIGH SPREAD PROTECTION SYSTEM, which protects traders against high-volatile market conditions. The recommended spread control for EURUSD is max 2 pips, for GBPUSD max 3 pips, and for USDJPY max 3 pips.

-There is also a built-in BROKER PROTECTION SYSTEM in order to protect traders against broker’s off-quote errors and slippage.

» Visit the WallStreet Robot

FAP TURBO 2 REVIEW

FAP TURBO 2 REVIEW SUMMARY

Foreign Exchange Robot: FAP Turbo 2

Software Programmer: Steve Carletti

Scalping: Scalping 8 currencies on the M15 chart and EURUSD on M1 chart

Forex Pairs: EURGBP, EURCHF, EURUSD, GBPUSD, GBPCHF, USDCHF, USDCAD plus Bitcoin Trading

Trading Platform: MetaTrader-4 / MetaTrader-5

License: 2 Real Account License / Unlimited Demo Accounts / Lifetime updates

Pricing: 149 USD

» The FAP Turbo 2 Web

INTRODUCTION TO FAP TURBO 2

The FAP Turbo was initially released in 2008 (FAP means Forex Auto Pilot) and it is considered one of the most successful Forex robots in the history of retail Forex trading. The FAP Turbo 2 which is created by Steve Carletti, is a new and improved version of the Forex robot incorporating many new features. These new features include Bitcoin Trading and focus on minimizing the trader’s capital risk exposure via tools such is the High Spread Protection System, the Build-In Loss Prevention System and the Automatic Risk Scaling.

Here is the historic performance chart (in profits) of FAP Turbo 1

FAP TURBO 2 ALGORITMH

FAP Turbo 2 trades 8 currencies EURGBP, EURCHF, EURUSD, GBPUSD, GBPCHF, USDCHF, USDCAD and Bitcoin Trading on the M15 Timeframe. The best performing Forex pairs according to the programmers have been EURGBP and EURCHF. Note that FAP Turbo mainly targets profits of 10-20 pips and executes 1-5 trades in a daily basis.

The FAP Turbo detects and confirms the master trend by using technical analysis indicators such is William's Percent Rate, Alligator, DeMarker and Fractals.

The robot combines several trading strategies:

(a) The Medium-Term Strategy (MTS)

The Medium-Term Strategy works on EURGPB, EURCHF, GBPCHF, USDCHF, EURUSD, GBPUSD or USDCAD on all timeframes but mainly on M15.

(b) Long Term Advanced FAP strategy

The Long-term strategy works only on EURUSD and uses the M1 timeframe

Both trading strategies can be switched on and off very easily. Each trading strategy uses its own settings (preferred assets and timeframe). Note that you may use all trading strategies at the same time.

» FAP Turbo 2 Web

FOREX FTM ROBOT REVIEW

Foreign Exchange Robot: Forex FTM

Software Programmer: Den Murakami

Scalping: H1 Chart

Forex Pairs: EURUSD and USDCAD

Trading Platform: MetaTrader-4 (4 or 5 digits Forex Brokers)

License: 1 Real Account License (Free Updates)

Pricing: 99 USD

» Forex FTM Web

INTRODUCTION TO FOREX FTM

Forex FTM (previously called Forex Sakura) is a Japanese-style Forex scalper. FTM means Flat & Trend Market algorithm and it is a robot using feedback technology to trade EURUSD and USDCAD. That means by checking the trader’s account history and by evaluating trading results the robot determines the best strategy for the present moment. Trading results include historic profit or loss per trade and each order’s date. One of the key advantages of Forex FTM is its ability to perform during news releases (check below). Forex FTM can operate with small deposits and micro lots but it can operate with large deposits and standard lots as well.

FOREX FTM ALGORITMH

The Forex FTM robot incorporates 2 bunches of indicators:

(1) One indicator works on flat markets

The first operation combines several technical oscillators, such is the Stochastics and RSI. The Take-Profit order is placed about 50 Pips. When profit moves above 15 Pips, then the Robot re-evaluate the order at the point of no-loss.

(2) The second indicator is optimized to work on trending markets

The second operation combines trend lines and the popular MACD in order to exploit opportunities on a trending market. Trading happens without any Take-Profit limitations or restrictions while all orders are closed by trailing Stop-Loss orders. When the trading profit moves above 20 Pips, then the robot re-evaluate the order at no-loss level. The distance between the price and Trailing SL will gradually decrease, thus reaching the price with a handsome profit.

Flat and Trend algorithms are programmed in a totally different way. Each of these two indicators uses a different set of Take Profit and Stop Loss orders. When the price action moves beyond a specific range and the market changes from a sideways to a trending market then the Forex FTM adapts immediately to the new market conditions and gives weight to new settings.

FOREX FTM NEWS TRADING

One of the key advantages of Forex FTM is its ability to perform during news releases, this news-filter feature is called WEB-Source v2. Forex FTM receives news via a web interface and it is able to combine technical analysis with fundamental market data.

» Forex FTM

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