Wallstreet Forex

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

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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.

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WALLSTREET FOREX PARAMETERS

You may manually configure the Stop-Loss and Take-Profit for each pair but only if you know what you are doing. The WallStreet Forex is fully compliant with the US NFA rules and it does not apply hedging (that means doesn’t open more than one trade at once on each instrument traded). Let’s see some important WallStreet Forex parameters:

• MaxSPREADParameter— the maximum accepted spread, at which the WallStreet Forex is allowed to tarde. For example if set 3, the EA will execute considerably less trades in pairs offered traditionally in high-spreads
• SlippageParameter — it sets the maximum allowable slippage on any trade (measured in pips)
• StealthMode— it is set by default to TRUE and is used to hide Stop-loss and Take-profit orders from your Forex Broker.
• Magic Parameter—distinguishes trading positions opened by other Forex Robots (if you use any)
• CloseOnlyOnProfit— if true then it will close only profitable trades (recommended to set in false)
• UseSettingsFromParameter — you may only specify EURUSD, GBPUSD, USDJPY or USDCHF
• FixedLotsParameter — fixed level lot used by the Expert Advisor (will be used when setting AUtoMM = 0)
• AutoMMParameter — it means automated money management and can determine the size of the lot (0.01 lots for each $ 1000 in the trader’s account)
• AutoMM_MaxParameter — it is used to limit the setting AutoMM
• RecoveryModeParameter — if enabled the WallStreet Forex will trade an increased lot size after a loss trade
• GMT_Offset - enter the correct GMT time shift
• LastTradeHour Parameter - trade until the end of this hour on each Friday
• ExitHour Parameter - close all open positions at this hour on each Friday
• Include_Medium_News – select to avoid the medium impact news too along with important news releases
• Wait_Before_News – sets the number of minutes before the news event, during which the Forex robot will be switched off
• Wait_After_News – sets the number of minutes after the news event, during which the Forex robot will be switched off

WALLSTREET FOREX REVIEW PROS

◙ High Spread & Slippage Control plus 4 more protection systems are incorporated

◙ Stealth Mode (Built-In Broker’s Protection System)

◙ Built-in Risk Calculating Algorithm and strict Money Management

◙ Start Trading with WallStreet Forex as low as $100

◙ WallStreet Forex applies automatic 4/5 Digit Broker Detection

◙ Several parameters including News-Trading avoidance

◙ The Full WallStreet Forex license can be used in 3 Real Accounts

◙ Automated installation via a single .exe file (both MetaTrader-4 and MetaTrader-5 platforms)

◙ WallStreet Forex offers 24/7 Customer Support

WALLSTREET FOREX REVIEW CONS

◙ WallStreet Forex is a little bit expensive compared with other automated Forex systems

WALLSTREET FOREX REVIEW CONCLUSIONS

The single WallStreet Forex license cost $239 and can be used in one real account and unlimited Demos. There is also the full WallStreet Forex license that can be used in 3 Real Accounts under the same license but it is a little bit more expensive. There is also free lifetime support and free upgrades for both license types. Both MT4 and MT5 platforms are supported.

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◙ WALLSTREET FOREX REVIEW

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