WallStreet Forex Robot 2.0 Evolution（EA）- Review＆Examination
WallStreet Forex Robot 2.0 Evolution（EA）Basic Information
|Currency Pair||EURUSD, AUDUSD,
Recommended currency pairs differ depending on the time, and the current recommended pair can be confirmed in the member area after purchasing EA.
|Money Back Guarantee||60-day money back guarantee on EA purchase price. No refund conditions|
It also has a lot of features such as “broker countermeasures” and “automatic update function”.
As a result of the forward test, it lacks impact, but it is profitable. There are not many trend-following EAs that have been forward tested on real accounts for a long time. It can be said that it is a rare EA.
Also, by purchasing WallStreet Forex Robot 2.0 Evolution, you will get the following versions of EA for free. The trading logic differs greatly in each version.
- WallStreet 「Recovery Pro」
- WallStreet 「ASIA」
- WallStreet 「GOLD Trader」
However, since the main character is “2.0 Evolution”, this page focuses on “2.0 Evolution”.
Although other versions have utility, “2.0 Evolution” is the best in terms of forward test results and transaction details.
Profitability / Drawdown
First of all, it can be appreciated that the real account has been profitable for a relatively long period of 2 years or more since the start of the forward test in December 2017.
The maximum drawdown of 21% and the average monthly interest rate of 3.7% that have no great impact, but sufficient result.
There are times when the profit curve of the forward test is sluggish, and many people may feel it uninteresting. The trend-following EA operates with a stop loss, so have good moments and bad moments. The WallStreet Forex Robot is no exception.
There are good times when profits are growing, and there are stagnant times when the balance increases and decreases.
If you don’t like the stagnation period, martingale EAs such as FXSTABILIZER may be more suitable. Martingale-based EA has a very high profit rate and does not have a loss cut, so there is no stagnation period and a right-earning profit curve is drawn.
On the other hand, the Martingale EA can cause a relatively large drawdown in one shot. So it’s high risk and high return.
There is no right answer, which is either martingale or trend follow.
A trend follow EA that moves while inserting a loss cut may be mentally easy because there is a low risk of large drawdown in one shot.
There is no correct answer as to whether Martingale or Trend Follow is advantageous.
However, trend-following EA that moves with inserting loss cut has low risk of large drawdown in one shot, so it may be mentally easy.
Of course, nobody knows the future results, but WallStreet Forex Robot 2.0 Evolution is profitable in long-term forward test, so there is hope if long-term operation is assumed
Trading Method Analysis-Entry
The entry point for WallStreet Forex Robot 2.0 Evolution is the retracement at the trend market.
In the MT4 trading history chart below, you can see that we have positions only in the direction of the trend.
■EURUSD 1時間足 白＝BUY 赤＝SELL
Also, in the MT4 trading history chart below, which expanded in a short time frame, you can see that it waits for retracements at trend market before making entries.
■GBPUSD 15分足 白＝BUY 赤＝SELL
■GBPUSD 15分足 白＝BUY 赤＝SELL
The entry in the retracement at the trend market is often used in manual trading. Therefore, it will be an entry point that manual traders can sympathize with.
Trading Method Analysis-Take Profit / Stop Loss
Take profit and loss cut are not executed with fixed pips distance. It is executed by the EA internal logic.
Therefore, the exit pips distance varies depending on the situation.
Regarding take profit, it is often within 10 pips. Sometimes 20-30pips.
Categorized into Scalping or Day Trading EA.
Regarding loss cut, 10 to 30 pips are common. The maximum may be about 70 pips.
Loss cut has a larger pips distance than Take Profit.
The MT4 transaction history chart below shows a loss cut of about 30 pips after winning about 10 pips on Sell entries
■EURUSD 15分足 白＝BUY 赤＝SELL
Loss cut has a larger pips distance than take profit, but it is an EA that aims to make long-term profit by high winning rate.
It can ruin the profit of several winning trades with one loss. However, it should be regarded as an EA that aims to accumulate profits with a high winning rate and increase the balance in the long run.
Even if the loss cut is executed small, there is no point if it does not make a profit in the long run. It is all harmony that matters, and this EA is profitable so there is no problem.
However, those who use this EA from now on should be aware that loss cut is larger than take profit.
Trading Method Analysis-Frequency
In the forward test, it has been running for about 27 months and has traded about 2200 times in total for all currency pairs. In other words, it is calculated as 80 transactions per month and 4 transactions per day.
It can be said that the trading frequency is high.
The number of transactions for each currency pair is as follows.
■ Number of transactions / acquired pips / profit and loss by currency pair (as of April 27, 2020)
|Currency pair||Number of transactions||Percentage of transactions||Earned Pips||P & L (A $)|
Looking at the number of transactions, you can see that GBPUSD accounts for nearly 50% of the total. Next are the pairs of USDCAD and EURUSD.
On the other hand, the most profitable one is the EURUSD pair.
It trades with precious metal pairs such as XAU (gold) and XAG (silver), but the number of transactions is small and the effect on profit and loss is limited.
The currency pairs recommended for operation vary depending on the period, and you can check the recommended pairs from the members area of the official website after purchase.
Looking at the profit and loss for each currency pair, most of the profit is generated by GBPUSD, EURUSD pair.
However, the ups and downs may be reversed next time for each currency pair, so it may be better to operate according to the vendor’s recommended currency pair in terms of profit and loss leveling.
WallStreet Forex Robot 2.0 Evolution is a scalping EA that targets relatively small pips distances, so results may be affected by broker spreads and slippage. Therefore, it is a major premise to operate with a good broker with a narrow spread.
There are poor brokers out there, and they deliberately widen spreads, generate slippage, and do stop-loss hunting. Running an EA on such a poor broker can result in no profit.
As a measure against brokers, Wall Street Forex Robot has the following functions.
There is no other EA that has such a comprehensive countermeasure function. It is an EA with excellent features.
BROKER SPY MODULE
WallStreet Forex Robot has a function called BROKER SPY MODULE. It is a special function that Venter developed for 2000 hours.
Performance of brokers’ spreads, execution speeds, slippages, etc. can be recorded and confirmed on the MT4 chart.
Since this information is visualized, if there are many unnatural errors or the execution speed is too slow, you can take measures such as changing the broker.
Broker Protection System
This function prevents the broker from being notified of Stop Loss and Take Profit limit prices.
Prevent brokers from manipulating prices to reach stop losses and deliberately losing traders (stop loss hunting).
High-Spread / Slippage Protection System
It can avoid entry if spread is widening or slippage is larger than the value specified in the parameter.
As with any broker, when the market moves rapidly spreads widen and slippage occurs.
WallStreet Forex Robot protects against unexpected losses with spread and slippage protection.
Explanation of Each Version
If you purchase WallStreet Forex Robot 2.0 Evolution, you can get 3 versions of “Recovery Pro”, “ASIA” and “GOLD Trader” for free.
Each version is briefly described below.
WallStreet Recovery Pro
The trade frequency is more for 2.0 Evolution, but the entry points are often the same.
Below two charts show the transaction history of “2.0 Evolution” and “Recovery Pro” for the same currency pair at the same time.
These are basically the same points for entry, but you can see that 2.0 Evolution has a higher trading frequency.
■Recovery Pro （GBPUSD 1時間足 白＝BUY 赤＝SELL）
■2.0 Evolution （GBPUSD 1時間足 白＝BUY 赤＝SELL）
The decisive difference between the two is that if it have floating losses, 2.0 Evolution will execute loss cuts, while Recovery Pro make additional entries with several times the lot size, that is, a recovery trade.
(How many times the lot size of additional entry is multiplied can be specified by a parameter. In the forward test, additional entry is made with 4 times the lot size.)
In other words, martingale is adopted.
In the MT4 transaction history chart below, additional a entry are made after the price moves unfavorably after the Buy entry. Profit was made by price reversal.
■Recovery Pro （GBPUSD 30分足 白＝BUY 赤＝SELL）
I have never failed in a recovery trade in the forward test. However, if it fails, a relatively large drawdown will occur.
It is important to recognize that it is a high risk and high return.
The Asian session is around 22:00 pm to 8:00 am in MT4 server time (GMT + 2/3).
Asian sessions tend to be range markets, and WallStreet ASIA performs scalping trades during this time.
However, the grid version of Wall Street ASIA is currently being tested with a real account, and the results are available on the website.
It enters regardless of the Asian session and makes a profit by grid trading.
Since it is not a martingale, the lot size does not increase at the additional entry.
However, since grid trading is that waits for the market to reverse while making additional entries without loss cut, it is a relatively high risk setting.
In the MT4 transaction history chart below, you can see how profits are being made in grid trading.
■ASIA （GBPUSD 1時間足 白＝BUY 赤＝SELL）
WallStreet GOLD Trader
GOLD Trader is a version specialized for XAUUSD (gold) trading.
The trade logic is almost the same as the normal “2.0 Evolution”. Entry by trend follow and execute loss cut
■GOLD Trader （XAUUSD 1時間足 白＝BUY 赤＝SELL）
The forward test period is still short, but there are expectations for the future.
Forward Test Environment
WallStreet Forex Robot’s forward test environment is a real account.
The trading environment differs between demo and real.
Even though the price movements look the same, there are differences in the execution such as slippage. So even if the same EA, the results may be different between demo and real.
In the first place, the results with real account is open to the public, so it can be considered that it has been proven that profits can be made with real accounts.
The WallStreet Forex Robot targets a relatively small pips distance, so you should choose a broker with low spreads and commissions.
Back Test Result(2.0 Evolution)
Summary of WallStreet Forex Robot
Recommended Broker for WallStreet Forex Robot