Wall Street Forex Robot has been developed by a team of professional forex traders. The most important thing about the WallStreet Forex Robot is that it is a low risk forex trading system. What is the core trading strategy that this robot uses, you might want to know! This EA uses low risk scalping following short and medium term trends. This form of low risk scalping is done by many pro traders and is proven and tested to make a lots of pips. So, this robot does have a good core trading strategy around which it has been programmed.
Wall Street Forex Robot Back Testing And Live Trading Results
Now, a number of back test results have been posted on the site by the developers. You can take a detailed look at the 12 years back testing done on EURUSD, GBPUSD, USDJPY and USDCHF pairs.
However, what is more important is the live trading results that have been posted on the myfxbook.com. Three live trading account results have been posted on the myfxbook.com. One account shows a gain of 152% and a profit factor of 2.04. Second live trading account statement shows a gain of 333.93% with a profit factor of 2.18 and the third live account shows a gain of 261% and a profit factor of 2.16.
Now, as long as the profit factor is above 2, you can assume that the trading system is profitable in the long haul and is going to make money for you. WallStreet Forex Robot works only the above currency pairs that are EURUSD, GBPUSD, USDJPY and USDCHF.
Testing Wall Street Forex Robot
This is how you are going to test this EA. First take a detailed look at the back tests. This will give you a fair idea of how the system can perform in live trading. Now, do a forward test on the demo account for a few weeks. If you feels satisfied with the forward test, good otherwize simply ask for a refund as it has got a 60 days money back guarantee. Send the results of the demo trading to the vendors. They will issue you the refund.
Suppose, you are satisfied with the demo trading results. Start trading live? Yes, but first on your micro account. This ensures that you can further test the robot on the micro account and see how well it performs under the live market conditions. 1 pip on a micro account is equal to $0.1. So losing 50 pips means losing only $5 as compared to the standard account where you will be losing $500. Trading WallStreet Forex Robot on the micro account will help you optimize the settings as well. Once, you get good results on the micro account, you can trade on the standard account with a $1000 margin!