What came into my mind at first glance after reading the name of this EA was something like "Oh naivety, what an uninspired name, Wall Street is not a Forex market". I thought it was another Asian session scalper or even just a copy of an existing original EA, but when I tried to inspect the opening times of the positions, lo and behold, I noticed that it wasn't restricted to the Asian session, and trades were being opened in the forward tests throughout the day! there are very few 24/5 scalpers nowadays and this has given me a high feeling of suspicion and mistrust and tended to think it's kind of a scam. A lot of EA providers were discovered to have fake statement results, and to remove all doubt, I decided to try to ask for a WallStreet Forex Robot 3.0 Domination copy, that request was granted with a very quick email response.

Being writing about it here now is a clear indication that I do not consider it a scam in any way, It's an original scalper where trading several pairs around the clock and it seems to manage to scrape a nice profit off it. The pairs officially recommended are EURUSDGBPUSD, and USDJPY, it also supports USDCAD, USDCHF, AUDUSD, NZDUSD, and EURJPY. Like most other scalpers nowadays, it runs on the M15 timeframe, so there's nothing new about this.

Trading Idea

WallStreet Forex Robot 3.0 Domination is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators that are shipped with Metatrader are involved creatively, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.

Specifications

NFA and FIFO

Fully Compatible with no Hedging Problems.

License

Lifetime Membership for One Real Account in the Basic Pack, 5 Real Accounts in the Premium Pack (1 per EA), 10 Real Accounts in the Ultimate Pack (2 per EA),  and Unlimited Demo Accounts for all Packs.

Support & Updates

FREE Lifetime Updates + Professional 24/7 Client Support via Email.

Brokers & Accounts

All MT4 & MT5 Brokers are Compatible including ECN. All Accounts are Compatible including MICRO, Mini, and Standard Types. Operates with 4 and 5 Decimal Digits.
We recommend Installing WallStreet Forex Robot 3.0 Domination on TradingFX VPS Forex VPS and using it with Tickmill, and Scope Markets Forex Brokers for the best stability and profitability.

User Guide

An Easy to Follow Detailed User Guide with Instructions to Setup, Activate, Configure, Live Use & Backtest the EA is Included. Setting Recommendations are Included in the Official Website's Members Area.

Refund Policy

60 Day Money Back is Guaranteed by the EA Vendor FXAutomater.

MT5 Version

Supports MT5 Trading Terminal.

Bonuses

  • FREE Bonus WallStreet Asia EA
  • FREE Bonus WallStreet Recovery PRO EA
  • FREE Bonus WallStreet Gold Trader EA
  • FREE Bonus WallStreet CRYPTO EA

Installation Wizard

The EA is Added to the Metatrader Terminal via An Easy Automatic Installer in a few Button Clicks.

Supported Currency Pairs

GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent! BTCUSD and ETHUSD with WallStreet CRYPTO!

MetaTrader Chart Timeframe

M15

WallStreet Forex Robot 2.0 Evolution Live Performance Statements

Started On
Aug 09, 2024
Leverage
1:500
Starting Balance
$1000
Total Gain
+221.72%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Aug 09, 2024
Account Leverage
1:500
Profit Factor
1.44
Total Gain
+221.72%
Absolute Gain
+221.68%
Monthly Gain
13.37%
Daily Gain
0.42%
Total Pips
1,642.6
Total Trades
487
Profit Amount
$2,216.80
(%) Won Trades
1,642.6
Drawdown
31.04%
Started On
Aug 13, 2024
Leverage
1:500
Starting Balance
$1000
Total Gain
+45.00%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Aug 13, 2024
Account Leverage
1:500
Profit Factor
1.42
Total Gain
+45.00%
Absolute Gain
+45.01%
Monthly Gain
4.13%
Daily Gain
0.14%
Total Pips
953.7
Total Trades
355
Profit Amount
$450.05
(%) Won Trades
953.7
Drawdown
8.33%
Started On
Dec 21, 2023
Leverage
1:500
Starting Balance
$1000
Total Gain
+29.79%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Dec 21, 2023
Account Leverage
1:500
Profit Factor
2.30
Total Gain
+29.79%
Absolute Gain
+29.82%
Monthly Gain
1.54%
Daily Gain
0.05%
Total Pips
595.5
Total Trades
159
Profit Amount
$298.15
(%) Won Trades
595.5
Drawdown
5.32%

The third is the backtests area with six 14-year backtests set and the other six 1999 - 2014 backtests sets which are performed using a large lot on a low starting balance, resulting in some rather large drawdowns, despite the steep ascending balance curve.

Then the fourth area contains some explanatory text revealing the most important trading principles of the EA, and finally, there are the package details and a link to buy the EA. In addition to those 5 main areas, there is also a frequently asked questions area.

Anyway, if you come here, I ask you to disregard the website and proceed with the review. An ugly website is no reason to dismiss a good product, it's just a matter of taste, and maybe some people actually like this marketing style. An important notice that I forgot is mentioned on the website, it's that the EA is already available for MetaTrader5, and buying the MT4 version will give access to the MT5 version too, both are available for download in the members' area.

Recorded Visual Backtest

View Full Backtest

Backtests Settings

Symbol
GBPUSD (Great Britain Pound vs US Dollar)
Period
15 Minutes (M15) 2019.06.02 23:00 - 2020.08.31 23:45 (2019.06.01 - 2020.09.01)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts: false
  • Magic: 987123
  • EA_Comment: "ReviewForexRobots.com"
  • MaxSpread: 3
  • Slippage: 2
  • StealthMode: true
  • EmergencyStopDist: 50
  • CloseOnlyOnProfit: false
  • NFA: false
  • No_Hedge: false
  • CS Custom Settings
  • RefreshDays: 6
  • PendingOrderDist: 0
  • StopLimitExpire: 15
  • StopLoss: 0
  • TakeProfit: 0
  • SecureProfit: 0
  • SecureProfitTriger: 0
  • UseCustomPair: false
  • UseSettingsFrom: "GBPUSD"
  • MM Risk Management
  • RecoveryMode: false
  • FixedLots: 0.01
  • AutoMM: 10
  • AutoMM_Max: 20
  • MaxAccountTrades: 0
  • MaxAccountDD: 0
  • FE MondayFriday Rules
  • MondayStartHour: 0
  • FridayExit: false
  • LastTradeHour: 19
  • ExitHour: 20
  • NF News Filter Settings
  • Avoid_News: false
  • AutoGMT_Offset: true
  • ManualGMT_Offset: 2
  • DST_Usage: true
  • Include_Medium_News: true
  • Wait_Before_News: 30
  • Wait_After_News: 30
  • TM Time Management Settings
  • MondayTrading: true
  • MondayHoursForbidden: ""
  • TuesdayTrading: true
  • TuesdayHoursForbidden: ""
  • WednesdayTrading: true
  • WednesdayHoursForbidden: ""
  • ThursdayTrading: true
  • ThursdayHoursForbidden: ""
  • FridayTrading: true
  • FridayHoursForbidden: ""
  • SaturdayTrading: true
  • SundayTrading: true
  • NN Notifications
  • EMAIL_Notification: false
  • PUSH_Notification: false
  • BS Broker Spy Settings
  • BSM_Alerts: true
  • BSM_Alert_Open_Delay: 1000
  • BSM_Alert_Open_Slippage: 2
  • BSM_Alert_StopLimit_Delay: 1000
  • BSM_Alert_StopLimit_Slippage: 2
  • BSM_Alert_Close_Delay: 1000
  • BSM_Alert_Close_Slippage: 2
Bars in test
31240
Ticks modelled
30772325
Modelling quality
99.90%
Initial Deposit
$10000.00
Spread
Current (3)

Backtests Results

Total net profit
13913.41
Gross profit
64743.52
Gross loss
-50830.11
Profit factor
1.27
Expected payoff
22.01
Absolute Bal DD
496.39
Maximal Bal DD
5491.74
Relative Bal DD
27.99% (5491.74)
Total Trades
632
Short positions
315 (81.59%)
Long positions
317 (80.44%)
Profit trades
512 (81.01%)
Loss trades
120 (18.99%)
Largest Profit trade
514.84
Largest Loss trade
-1313.12
Average Profit trade
126.45
Average Loss trade
-423.58
Maximum consecutive wins (profit in money)
5 (-4691.14)
Maximum consecutive losses (loss in money)
5 (-4691.14)
Maximal consecutive profit (count of wins)
5251.60 (26)
Maximal consecutive loss (count of losses)
-4691.14 (5)
Avarage consecutive wins
6
Avarage consecutive losses
1

99.90% Modelling Quality Tick Data Backtests

We run the two officially recommended pairs EURUSD and GBPUSD on both history center data and 99% quality Dukascopy tick data, history center data backtests have run with a spread of 2, while tick data backtests has run with a spread of 2 and a real spread of 0.7.

All the backtests have run using the default settings with AutoMM set to 3. An additional Tick data backtest for each pair was performed using FixedLots of 0.1.

All the backtests have run on a Tickmill ECN Pro Demo account with the help of Tick Data Suite, an ECN broker has lower spreads which will affect the EA performance positively, while a fixed spread broker, the spreads could be higher, so it's advised not to use WallStreet Forex Robot 3.0 Domination in that case as it'd not be a good idea.

Great Britain Pound / US Dollar (GBPUSD)

With MM

View Full Backtest

Backtests Settings

Symbol
GBPUSD (Great Britain Pound vs US Dollar)
Period
15 Minutes (M15) 1999.01.04 09:13 - 2021.11.05 11:26
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=3 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
7968945
Ticks modelled
15541252
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
2420446.05
Gross profit
6929434.88
Gross loss
-4508988.83
Profit factor
1.54
Expected payoff
281.19
Absolute Bal DD
50.40
Maximal Bal DD
116254.50
Relative Bal DD
14.92% (70096.25)
Total Trades
8608
Short positions
4339 (81.52%)
Long positions
1705 (72.14%)
Profit trades
7038 (81.76%)
Loss trades
1570 (18.24%)
Largest Profit trade
34245.17
Largest Loss trade
-88729.13
Average Profit trade
984.57
Average Loss trade
-2871.97
Maximum consecutive wins (profit in money)
6 (-7093.01)
Maximum consecutive losses (loss in money)
5 (-354.69)
Maximal consecutive profit (count of wins)
106912.52 (27)
Maximal consecutive loss (count of losses)
-91361.64 (2)
Avarage consecutive wins
6
Avarage consecutive losses
1

With Fixed Lots

View Full Backtest

Backtests Settings

Symbol
GBPUSD (Great Britain Pound vs US Dollar)
Period
15 Minutes (M15) 1999.01.04 09:13 - 2021.11.04 08:40
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=3 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
7967349
Ticks modelled
15538067
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
245206.00
Gross profit
579297.60
Gross loss
-334091.60
Profit factor
1.73
Expected payoff
30.17
Absolute Bal DD
710.00
Maximal Bal DD
5161.60
Relative Bal DD
39.44% (840.00)
Total Trades
8128
Short positions
4123 (81.45%)
Long positions
1703 (71.93%)
Profit trades
6649 (81.80%)
Loss trades
1479 (18.20%)
Largest Profit trade
1057.40
Largest Loss trade
-1430.00
Average Profit trade
87.13
Average Loss trade
-225.89
Maximum consecutive wins (profit in money)
6 (-1003.60)
Maximum consecutive losses (loss in money)
6 (-4770.47)
Maximal consecutive profit (count of wins)
5581.40 (47)
Maximal consecutive loss (count of losses)
-2760.00 (3)
Avarage consecutive wins
6
Avarage consecutive losses
1

Euro / US Dollar (EURUSD)

With MM

View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 1999.01.05 08:14 - 2021.11.05 11:48
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=0 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
8096472
Ticks modelled
15860923
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
588589.48
Gross profit
2421140.40
Gross loss
-1832550.92
Profit factor
1.32
Expected payoff
80.06
Absolute Bal DD
97.00
Maximal Bal DD
58717.79
Relative Bal DD
14.13% (20268.53)
Total Trades
7352
Short positions
3618 (76.09%)
Long positions
1705 (72.38%)
Profit trades
5541 (75.37%)
Loss trades
1811 (24.63%)
Largest Profit trade
3488.21
Largest Loss trade
-19960.47
Average Profit trade
436.95
Average Loss trade
-1011.90
Maximum consecutive wins (profit in money)
5 (-22744.76)
Maximum consecutive losses (loss in money)
5 (-2.98)
Maximal consecutive profit (count of wins)
32793.44 (20)
Maximal consecutive loss (count of losses)
-24852.43 (4)
Avarage consecutive wins
4
Avarage consecutive losses
1

With Fixed Lots

View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
15 Minutes (M15) 1999.01.05 08:14 - 2021.11.03 14:03
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=0 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
8093742
Ticks modelled
15855470
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
201550.80
Gross profit
576172.00
Gross loss
-374621.20
Profit factor
1.54
Expected payoff
31.07
Absolute Bal DD
516.20
Maximal Bal DD
5086.20
Relative Bal DD
60.99% (2319.40)
Total Trades
6486
Short positions
3175 (77.10%)
Long positions
1703 (71.93%)
Profit trades
4958 (76.44%)
Loss trades
1528 (23.56%)
Largest Profit trade
789.00
Largest Loss trade
-1270.00
Average Profit trade
116.21
Average Loss trade
-245.17
Maximum consecutive wins (profit in money)
7 (-2661.60)
Maximum consecutive losses (loss in money)
6 (-17.86)
Maximal consecutive profit (count of wins)
4088.20 (35)
Maximal consecutive loss (count of losses)
-2661.60 (7)
Avarage consecutive wins
4
Avarage consecutive losses
1

US Dollar / Japanese Yen (USDJPY)

With MM

View Full Backtest

Backtests Settings

Symbol
USDJPY (US Dollar vs Japanese Yen)
Period
15 Minutes (M15) 1999.01.04 08:54 - 2021.11.05 11:23
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=3 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
8109940
Ticks modelled
15911668
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
1715589.72
Gross profit
4628841.82
Gross loss
-2913252.10
Profit factor
1.59
Expected payoff
206.42
Absolute Bal DD
80.93
Maximal Bal DD
121007.52
Relative Bal DD
15.36% (38659.83)
Total Trades
8311
Short positions
4440 (87.25%)
Long positions
2459 (81.01%)
Profit trades
7287 (87.68%)
Loss trades
1024 (12.32%)
Largest Profit trade
8979.60
Largest Loss trade
-72478.34
Average Profit trade
635.22
Average Loss trade
-2844.97
Maximum consecutive wins (profit in money)
4 (-3957.88)
Maximum consecutive losses (loss in money)
4 (-14637.60)
Maximal consecutive profit (count of wins)
99875.62 (32)
Maximal consecutive loss (count of losses)
-72478.34 (1)
Avarage consecutive wins
8
Avarage consecutive losses
1

With Fixed Lots

View Full Backtest

Backtests Settings

Symbol
USDJPY (US Dollar vs Japanese Yen)
Period
15 Minutes (M15) 1999.01.04 08:54 - 2021.11.03 12:33
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=3 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
8107143
Ticks modelled
15906090
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
236544.16
Gross profit
578272.77
Gross loss
-341728.61
Profit factor
1.69
Expected payoff
29.73
Absolute Bal DD
1226.91
Maximal Bal DD
5085.95
Relative Bal DD
63.75% (1359.82)
Total Trades
7956
Short positions
4245 (86.55%)
Long positions
2492 (81.30%)
Profit trades
6919 (86.97%)
Loss trades
1037 (13.03%)
Largest Profit trade
474.18
Largest Loss trade
-1861.68
Average Profit trade
83.58
Average Loss trade
-329.54
Maximum consecutive wins (profit in money)
4 (-1231.52)
Maximum consecutive losses (loss in money)
4 (-18144.75)
Maximal consecutive profit (count of wins)
4435.06 (41)
Maximal consecutive loss (count of losses)
-3300.73 (2)
Avarage consecutive wins
8
Avarage consecutive losses
1

US Dollar / Canadian Dollar (USDCAD)

With MM

View Full Backtest

Backtests Settings

Symbol
USDCAD (US Dollar vs Canadian Dollar)
Period
15 Minutes (M15) 1999.01.05 18:01 - 2021.11.05 11:41
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=0 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
7371743
Ticks modelled
14114538
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
1101647.36
Gross profit
4816313.50
Gross loss
-3714666.14
Profit factor
1.30
Expected payoff
138.29
Absolute Bal DD
1.59
Maximal Bal DD
108490.02
Relative Bal DD
15.61% (76674.29)
Total Trades
7966
Short positions
4044 (81.58%)
Long positions
2434 (80.40%)
Profit trades
6519 (81.84%)
Loss trades
1447 (18.16%)
Largest Profit trade
14632.05
Largest Loss trade
-25250.99
Average Profit trade
738.81
Average Loss trade
-2567.15
Maximum consecutive wins (profit in money)
5 (-18605.84)
Maximum consecutive losses (loss in money)
4 (-30.43)
Maximal consecutive profit (count of wins)
52824.23 (23)
Maximal consecutive loss (count of losses)
-45663.10 (2)
Avarage consecutive wins
6
Avarage consecutive losses
1

With Fixed Lots

View Full Backtest

Backtests Settings

Symbol
USDCAD (US Dollar vs Canadian Dollar)
Period
15 Minutes (M15) 1999.01.05 18:01 - 2021.11.03 10:47
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
  • WinLargeFonts=false Magic=987123 EA_Comment="MyFxBots.com" MaxSpread=3 Slippage=2 StealthMode=true EmergencyStopDist=50 CloseOnlyOnProfit=false NFA=false No_Hedge=false CS="==== Custom Settings ====" RefreshDays=6 PendingOrderDist=0 StopLimitExpire=15 StopLoss=0 TakeProfit=0 SecureProfit=0 SecureProfitTriger=0 UseCustomPair=false UseSettingsFrom="EURUSD" MM="==== Risk Management ====" RecoveryMode=false FixedLots=0.01 AutoMM=0 AutoMM_Max=20 MaxAccountTrades=0 MaxAccountDD=0 FE="==== Monday-Friday Rules ====" MondayStartHour=0 FridayExit=false LastTradeHour=19 ExitHour=20 GS="==== GMT Settings ====" AutoGMT_Offset=true ManualGMT_Offset=2 DST_Usage=true NF="==== News Filter Settings ====" Avoid_News=false Include_Medium_News=true Wait_Before_News=30 Wait_After_News=30 TM="==== Time Management Settings ====" MondayTrading=true MondayHoursForbidden="" TuesdayTrading=true TuesdayHoursForbidden="" WednesdayTrading=true WednesdayHoursForbidden="" ThursdayTrading=true ThursdayHoursForbidden="" FridayTrading=true FridayHoursForbidden="" SaturdayTrading=true SundayTrading=true NN="==== Notifications ====" EMAIL_Notification=false PUSH_Notification=false MF="==== Market Bias Filter ====" UseMarketBiasFilter=false ThresholdPercent=60 BS="==== Broker Spy Settings ====" BSM_Alerts=true BSM_Alert_Open_Delay=1000 BSM_Alert_Open_Slippage=2 BSM_Alert_StopLimit_Delay=1000 BSM_Alert_StopLimit_Slippage=2 BSM_Alert_Close_Delay=1000 BSM_Alert_Close_Slippage=2
Bars in test
7368853
Ticks modelled
14108780
Modelling quality
90.00%
Initial Deposit
$2000.00
Spread
10

Backtests Results

Total net profit
212126.65
Gross profit
605368.97
Gross loss
-393242.32
Profit factor
1.54
Expected payoff
26.65
Absolute Bal DD
26.49
Maximal Bal DD
5405.07
Relative Bal DD
19.81% (589.05)
Total Trades
7960
Short positions
4042 (81.59%)
Long positions
2492 (81.34%)
Profit trades
6514 (81.83%)
Loss trades
1446 (18.17%)
Largest Profit trade
682.85
Largest Loss trade
-1038.32
Average Profit trade
92.93
Average Loss trade
-271.95
Maximum consecutive wins (profit in money)
5 (-1274.44)
Maximum consecutive losses (loss in money)
4 (-30.27)
Maximal consecutive profit (count of wins)
4475.10 (49)
Maximal consecutive loss (count of losses)
-2076.32 (4)
Avarage consecutive wins
6
Avarage consecutive losses
1

 

Here is another merged analysis of EUR30 and GBP33 on the previously fixed spread (2 pips) backtest reports of the EURUSD and GBPUSD using QuantAnalyzer v4.10.5:

WallStreet Forex Robot EUR30, GBP33 Tick Data Portfolio Spread 2, AutoMM 3

The average monthly profit is $24.83 using a starting balance of $1,000, while the combined maximal relative drawdown is 4.63%, the average profit factor is 1.46, and the winning trades accounted for 86.27% of the total, with an average win/loss ratio of 6.28. A quick Monte Carlo Simulation Chart with 100 simulations is also available.

WallStreet Forex Robot 5.0, merged results for the fixed spread tick data backtests for EUR30 and GBP33

WallStreet Forex Robot 5.0, merged results for the fixed spread tick data backtests for EUR30 and GBP33

The most impressive of the previous new updates of the EA is the new EURUSD setting, but anyhow I prefer to keep it as close to "factory settings" as possible.

Trading Strategy

Well, now we know the most important characteristics of WallStreet Forex Robot 3.0 Domination; it's a scalper, running 24/5, uses the M15 timeframe and the pairs recommended by the provider are EURUSDGBPUSD, and USDJPY, while USDCAD, USDCHF, AUDUSD, NZDUSD, and EURJPY are also officially supported.

It's probably not a good idea to manually configure each pair's SL and TP although you can. The EA gets its settings updated from the server after authorized access configuring each pair preset values; the SL ranges from 120 pips on EURUSD and GBPUSD to as high as 160 on USDCHF, while the TP is around 25 pips, with the notable exceptions of GBPUSD where TP is 50 and USDCAD where TP is 14. The stop loss is rarely touched, though - by deeper inspecting the backtests - as any sensible scalper EA, in most cases when the market moves against it, it can close the trades before hitting the SL, the average win/loss ratio being roughly 1:2.75. It has also the ability to take profit early before the take profit target is hit by its positions when it figures that's as many pips as the market is going to give it.

The strategy itself is fairly simple; a few indicators that are shipped with MetaTrader are involved creatively, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA it seems to be entirely thread-safe.

When running on the recommended two pairs, the average of WallStreet Forex Robot 3.0 Domination is about 3.5 trades/day and almost 5 trades/day when running on all five days of the week, so it qualifies as a rather frequent trading EA. No GMT is set as it trades around the clock, so it's not to worry about in this EA.

WallStreet Forex Robot 3.0 Domination is completely compatible with the NFA rules as it opens only one trade at once on each instrument traded, there is no problem with FIFO and hedging. But you need to be careful as if it operates together with another EA trading the same pairs on an account with the NFA restrictions in place, this might lead to the inability of one of the EAs to open trades.

Parameters

The most important parameter that has to be set is the AutoMM which determines the risk with which the EA would trade where the EA opens positions in lots equal to (AutoMM Value / 10) which means a risk that equals AutoMM Value % of the account balance per individual transaction. An AutoMM set to 3 is considered moderate risk, something like 5 would be the most popular value set by the traders. Setting it to zero will let the EA trades with a constant lot size of 0.1 pips which can be changed to the desired lot size.

The second most important parameter is the RecoveryMode which is strongly recommended to be left disabled. While it may seem to gain higher, it will certainly increase the drawdown dramatically, even the included user guide recommends that. One other parameter is used to limit the maximum risk per trade with a default value of 20 which is considered a perfect value for that parameter, it's a safety setting.

A featured StealthMode parameter is likely better to off / disable if the account's broker isn't suspected of misbehaving. A similar setting with another EA caused some very heavy losses. Any trader could configure the pair parameters manually instead of using its defaults. The stop loss, take profit, secure profit, and secure profit trigger parameters are also configurable.

Every parameter is explained in the manual and there is a whole chapter concerning money management that explains the correct configurations of the EA to use the risk that you want, but you have to care for that each currency pair has its own inherent risk and as the EA runs on multiple pairs, this usually leads to smoothed out drawdowns, sometimes combined drawdowns. A backtesting chapter is also featured in the user guide. It also contains some reasonable broker advice with no affiliate links.

The EA features a HUD (chart display) that looks like the same style as old KangarooEA but with a bit less information. The most important data shown is the lots it will trade, the current spread, and trade status along with the authentication result.

Official Website

Concerning the EA seller, The official website of WallStreet Forex Robot 3.0 Domination seems to be a miscellany collection of routine marketing stuff with all available font sizes and colors and this might give the impression that I'd be another scam EA.

The website's most important areas are 5, the first involves promotional offers (if current) with the buy link in addition to some interesting information about the EA.

In the second area, there are demo Alpari accounts with live trading result statements running the EA, all of which are stamped with the independent verification of MyfxBook.

The Bottom Line

WallStreet Forex Robot 3.0 Domination deserved to write a review about here, it does have a few drawbacks. While this is not counted as a cheap product a copy costs $297 (periodic discounts are frequently released) for a license running on a single live account with an MT5 version is included. If a $1000 account would be using this EA, it has to be run for about half a year with risk 3 just to result in a final profit equal to the investment. So this EA is mainly targeting larger account sizes. After the 2nd anniversary of the EA, the authors have updated the EA and now the latest version includes also an advanced news filter.

No doubt, this is surely the only scalper robot with this profit and opening positions around the clock I even knew, in a way that the high price might be justified. The owners' forward test complies with the previous backtests, so it seems to be very promising. Finally, you may need to raise your intended level to buy this product if you know that there is a 60-day refund policy, conditioned upon the EA failing to produce a profit.

Promotional Video (by the Vendor)

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.