Today’s review will be about the FX Automater company that designed many robots, including a Wall Street Forex Robot.

As we can see from the picture, it got a second version.

Wall Street Forex Robot presentation

The EA was introduced as a robot that has one of the longest 3rd-party verified real account trading results.

Wall Street Forex Robot presentation

The vendor mentioned that the package includes some free EAs on the board.

Wall Street Forex Robot package

Wall Street Forex Robot: Characteristics

The robot, as another long-liver, has many cool features:

  • The EA can be run on any broker.
  • It works on an ECN account as well.
  • We can run it on the Standard, Mini, and Micro accounts.
  • It can be run on 4 and 5 digits accounts.
  • The robot works with NFA-regulated brokerage companies.
  • There’s a well-designed Money Management System.
  • The EA received five built-in protection systems.
  • The Broker Spy Module allows us to cover trades from high spreads, high slippages. It allows hiding SL and TP levels as well.
  • The robot can be updated to get it upgraded. It’s useful taking into account the number of charts it can be attached.
  • The Evolution version has increased profitability, but we have a concern about it.
Wall Street Forex Robot Characteristics
  • It received an improved Exit Trading Logic.
  • The robot started trading more frequently.
  • The EA can place Pending Stop and Limit orders.
  • The Average win trade gets 10-15 pips.
Wall Street Forex Robot Characteristics

We can see how the broker protection system looks like.

Currency Pairs, Strategy & Timeframe

  • The Wall Street Broker uses scalping to generate profits.
  • It trades the next symbols: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD, and AUDUSD.
  • It can open positions against trend moves only if there are high chances of reversal trading.
  • The adviser performs low-risk scalping by following short and medium trends.
Wall Street Forex Robot Currency Pairs, Strategy & Timeframe

There’s a sheet with all robots’ settings.

Wall Street Forex Robot Trading Performance

Wall Street Forex Robot Myfxbook

As we can see from the chart, their statement about the most long term trading results is a lie. It’s a real AUD ECN account on IC Markets. The robot trades with 1:500 leverage on the MetaTrader 4 platform. It was deployed on December 22, 2017, and funded at 866 AUD. An average monthly gain is +2.75. The absolute account gain is +156.65%. A maximum drawdown was medium and amounted to 21.17%.

Wall Street Forex Robot advanced statistics

The robot traded 2644 deals with 8872 pips. An average win is 15.78 pips when an average loss is -41.88 pips (SL level). The win-rate is okay (77%-78%) as for a scalper. The average trade length is good (5 hours). It doesn’t keep trades for several days under different market conditions. The Profit Factor is low and equals 1.13. 

Wall Street Forex Robot Wall Street Forex Robot advanced statistics

There are three main symbols: EUR/USD, GBP/USD, and USD/CAD, but most of the profits have been brought by the first two.

Wall Street Forex Robot Wall Street Forex Robot statistics

The EA trades all day long with spikes of Asian and European market openings.

Wall Street Forex Robot Wall Street Forex Robot statistics

Weekly charts tell us nothing special.

Wall Street Forex Robot Wall Street Forex Robot statistics

The robot works with high risks to cover these three times higher losses.

Wall Street Forex Robot Wall Street Forex Robot statistics

As we can see, the trader decided to hide only TP levels. It won little number pips but lost many trades with -50 pips or more.

Wall Street Forex Robot monthly gain

Trading results looked like they started to recover, but October messed everything up.

How much does it cost?

Wall Street Forex Robot offer

There’s a typical FX Automater offer. This one is $110 OFF and endless countdown.

Wall Street Forex Robot price

The final price is $237. The package includes one paid and three bonus robots. We’re allowed to trade on a real account and unlimited demo ones. There’s a 60-day money-back guarantee.

Reviews from customers

Wall Street Forex Robot Reviews from customers

There’s a page of Wall Street Forex Robot on FPA with a 2.85 rate based on 18 reviews.

Wall Street Forex Robot Reviews from customers

As we can see, the person is disappointed because the robot trades little during a day with all trades turned on.

Wall Street Forex Robot Reviews from customers

This comment had some pros and cons. Yes, trading with SL three times higher than the average level of the profitably closed deal is scary.

Wall Street Forex Robot Reviews from customers

Everything the devs can tell about their robot performances is just to keep waiting (until the money-back guarantee is over).

Wall Street Forex Robot Reviews from customers

This message tells us about a fraud-way to serve customers. If we buy a robot for the second time, there’s no money-back guarantee.

Wall Street Forex Robot Reviews from customers
Wall Street Forex Robot Reviews from customers

So, that is exactly what we said. Several good deals will end with a -90/-120 pips Stop Loss deal.

Should You Use The Wall Street Forex Robot?

ProsCons
Real account trading resultsNo team revealed
A strategy is explained wellLittle Profit Factor
Features are well-explained Insanely high Stop Losses
Money-back guaranteeTrading results are not predictable
Much negative people’s feedback on FPA

Conclusion

It’s never been a great robot. There were periods when it was good, sometimes “okay.” October 2020 shows that the robot runs with many lost deals comparing to the previous periods. The last 20 trades let us know that the win-rate is 50%, not up to 80% as it was before. There are many negative testimonials on the Forex Peace Army. Traders probably can be profitable if they’re able to customize EA’s settings. For now, Wall Street Forex Robot is not an option to go.