Have you been searching for a detailed Wallstreet Forex Robot Review?
Do you intend to buy the robot anytime soon?
Is your friend or a family member about to buy the robot?
Then, this review is for you.
In this review, you will get to see the features of this robot and why you should/should not buy the robot.
The Wallstreet forex robot is a robot that uses an improved exit trading logic.
This robot makes use of a bias tool to extract accurate pieces of information about the market.
Then, it uses this feature to make smart money for its users.
Also, this robot uses a broker spy module that protects a trader’s capital from unethical brokers.
It does this to prevent high slippage and spread from brokers.
Furthermore, the Wallstreet forex robot uses an advanced money management scheme.
This money management scheme helps to minimize rapid drawdowns.
In addition, the Wallstreet forex robot uses a high-impact News filter too.
This helps to prevent trading losses during harsh market conditions and increases profitability.
Robot Faq | Answers |
---|---|
Trust Score | 35% |
Price | Basic plan($297), Premium plan($387), and Ultimate plan($437). |
Refund? | 60 Days Money Back Guarantee |
Strategy | Not Disclosed |
Currency Pairs | Major Currency Pairs |
Fully Automated? | Yes |
Trading Platforms | MT4&MT5 |
Live Account | Yes |
Historical ROI | Not disclosed |
Website | Wallstreet Forex Robot Website |
Wallstreet Forex Robot Review: Strategy Review.
The developers of this robot did not reveal the exact strategy that the robot uses.
However, the robot makes use of a market bias tool to extract accurate information.
The robot uses this feature to make smart money for its users.
Also, the robot uses advanced money management to minimize drawdowns.
In addition, the robot uses pending stops and limits orders to execute trades too.
It makes use of high-impact news filters to increase trading profitability.
Wallstreet Forex Robot Review: Live Account.
The robot has only one live account proof.
You should know that a good forex robot should have more than one live account proof.
In fact, the developers of this robot were not transparent enough.
Aside from the first account, these developers presented demo accounts to be live account proofs.
Although, the robot even failed woefully during the demo testing.
On a single demo trade, this robot lost about 1600 pips.
Even on its live account result, it lost about 2400 pips on a single trade.
However, the robot has backtesting results of about 22 years.
The robot recorded 81.86% winning trades over 22 years with a fixed lot on the GBP/USD pair.
Also, it recorded 75.37% winning trades with a fixed lot in the same number of years.
It recorded 86.975% winning trades with a fixed lot under the same duration.
These results would have been believable if the developers did not present demo accounts results to be live trading results.
Should You Buy The Robot?
Why do you have to buy a robot from developers that are not transparent?
These developers presented demo account results to be real results.
Does this mean that the robot might not even have some of these features that they claim that it has?
Also, after buying this robot, you might lose all your money on a single trade.
Even on demo trading, the robot recorded the worst trade of -133.5 pips which was way higher than its best trade of 89.9 pips.
In fact, on the real account, the robot lost about 2,400 pips on a single trade.
This is something you should be wary of as an intending buyer of this robot.
In addition, another thing you should consider is the pricing of this robot.
This robot has three prices which are:
Basic plan – $297.
Then, the premium plan – is $387.
The Ultimate plan – $437.
Does this imply that some users will get more trading benefits than others?
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SUMMARY.
The Wallstreet forex robot is a robot that uses a broker spy module to protect a trader’s capital from unethical brokers.
This robot uses advanced money management that minimizes rapid drawdowns.
Also, the robot makes use of a high-impact News filter to increase profitability.
However, the robot has its shortcomings that every intending buyer should watch out for.
Firstly, the developers are not transparent.
These developers presented demo results to be live account trading results.
Also, the robot recorded huge losses on single trades.
A user might end up losing all his money on a single trade while using this robot.
In addition, another shortcoming of this robot is its pricing.
This robot has three different prices which are:
Basic plan – $297.
Then, the premium plan – is $387.
The Ultimate plan – $437.
Does this imply that some users will get more trading benefits than others?
Do you still want to buy the robot after reading to this point?
If I were you, I will register for an advanced forex class.
Or I keep visiting forex dominant for more reviews and articles like this.
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