WallStreet 3.0

In the beginning, it is worth mentioning that the 3.0 version of the WallStreet Forex robot has appeared because of the crash of the first version of the robot that's been out since 2011. There is no information available about what happened with the previous version, but I assume that the system just crashed and never recovered from the loss.

The only live trading account of the WallStreet Forex Robot 3.0 is called “WallStreet Forex Robot REAL”. It uses 1:500 leverage and trades on 8 currency pairs, including gold (XAUUSD) and silver (XAGUSD).

The Forex robot has gained 185.25% of profit during 43 months trading history and has an average of 2.49% of monthly profit. At the same time, the deepest drawdown on the account that’s been fixed by Myfxbook is 21.17%. Considering those numbers, we can calculate an approximate profit/drawdown ratio, which is 0.12:1. This is not that high number, and we could not call this system a highly profitable one so far.

Looking at the graph above, we can see that the WallStreet Forex robot has been struggling to keep the straight upward curve movement as there are a lot of sharp up and down movements. Still, the system has not got long drawdowns and has managed to grow an account by 185.25%.

Obviously, the WallStreet Forex robot does not use compound interest, as there is no lot size growing through the trading history of the system. The EA uses a fixed 0.05 lot size and acts a lot like a scalper that wants to seem not that aggressive. If we turn our attention to the trading activity chart, we’ll see that the system takes something between 3 – 10 pips of the profit, which is the main reason we can call the system scalper.

Another trading activity chart also confirms the statement about the scalping nature of the WallStreet Forex Robot. As we can see from the chart above, the system has already made 3110 trades since December 2017. This means that the WallStreet robot has been doing an average of 72.3 trades per month or more than 2.4 trades per day, which is obviously speaking up about the scalping nature of the robot.

The average duration of the trades on the account is between 4 minutes — 6 hours. Statistically, if the WallStreet Forex robot holds the trade opened for longer than 3 hours, it is most probable that the trade will become a losing one. This can easily be seen from the trade duration statistics on the Myfxbook account of WallStreet EA on the screenshot below.

The developer of the WallStreet Forex robot has done an impressive job in terms of marketing and giving customers information about the robot. The webpage of the system gives many answers on different aspects of EA’s trading. There is a list of features of the WallStreet Forex robot that should also be named in this review.

The developer created a bunch of built-in algorithms that are supposed to secure your trading with the Wall Street Forex robot, such as:
- Broker spy module;
- Profit protection system;
- Broker protection system;
- High-spread protection system;
- High-slippage protection system and others.
To get additional information about those, visit the developers’ website.

At the end of the day, the WallStreet Forex Robot is one of those systems that have all the features and potential to get viral, but still just remains an ordinary one. First, it is due to not the best trading results that the system was showing through the years. The second big problem is the “reincarnation” of the system after the crash of the first version of the WallStreet robot (that’s why now we have the WallStreet 3.0). And the third is that the system uses scalping as the main trading instrument, which nowadays is not the popular trading practice.