What came into my mind at the 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 really 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 fake statement results, and to cut remove all doubt, I decided to try to ask for a WallStreet Forex Robot 3.0 Domination copy, that request has been 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 really 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 which are shipped with Metatrader are involved in a creative way, 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.

Visit WallStreet Forex Robot 3.0 Domination Website

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 IC Markets, Tickmill, or Alpari 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

Settings
Default Settings
Started On
Aug 05, 2022
Leverage
1:500
Broker
FXOpen
Starting Balance
$1,000

The third is the backtests area with six 14 Year backtests set and the other six 1999 - 2014 backtests set 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 came 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 may some people actually like this marketing style. An important notice which I was to forget 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.

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.

Recorded Visual Backtest

Euro / US Dollar (EURUSD)

Great Britain Pound / US Dollar (GBPUSD)

In general, GBPUSD was more profitable than EURUSD which was also working well, constantly ascending balance chart curve.

Here is a merged analysis of EURUSD and GBPUSD on the previously fixed spread (2 pips) backtest reports of the currencies using Forex Striker v4.10.5 for further data analysis and a wider overview on the EA performance:

WallStreet Forex Robot EURUSD, GBPUSD Tick Data Portfolio Spread 2, AutoMM 3

The total monthly profit is $51.21 using a starting balance of $1,000, while the combined maximal relative drawdown is 4.87%, which was the target as a maximum by setting AutoMM at 3. Many trades - over a third of them - are closed within one hour while most of the trades - over 80% of them - do not last over 5 hours. Anyhow, the longer a trade is, the lower the chance of ending up with a return from it. The average profit factor is 1.47, while the winning trades accounted for 78.64% of the total, with an average win/loss ratio of 3.68. 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 EURUSD and GBPUSD

WallStreet Forex Robot 5.0, merged results for the fixed spread 2 tick data backtests for EURUSD and GBPUSD

New Pairs & Bonus Robots

USDCAD, USDCHF, AUDUSD, NZDUSD, and EURJPY are supported in the latest versions of WallStreet Forex Robot 3.0 Domination while GBPUSD, EURUSD, and USDJPY are the 3 officially recommended pairs, in addition to a 4 bonus free Forex robots; WallStreet Recovery PRO, WallStreet Asia, WallStreet Gold Trader, and WallStreet CRYPTO. So, this has to be re-investigated by creating new backtests for these separate strategies.

At the start, only tick data backtests were run using the 99.90% quality Dukascopy tick data with fixed spread using the risk of 3, in addition to FixedLots of 0.01 backtests, all are presented down here.

WallStreet Recovery PRO v1.4

A special version of the WallStreet Robot was developed by FXAutomater after many requests from WallStreet users, to let them achieve a higher level of risk, closing only on profit. The WallStreet Recovery Pro uses a single precisely positioned recovery trade in order to compensate for the loss of the initial trade with a very high success rate. WallStreet Recovery Pro is recommended only for traders with a higher risk profile. It is proven to be highly profitable for several year streaks, without major drawdowns. Despite this, the reality is not infinite favorable for trading strategies exploiting such trading principles and traders using it must acknowledge all risks involved.

WallStreet Asia

FXAutomater claim that WallStreet Asia is by far the best and the most reliable Asian session scalper on the market. Its predecessor was probably the very first commercially available Asian session scalper, developed by us for the Japanese market back in the distant 2007 and becoming a legend.

Due to its undisputed success, it was widely copied from EA developers all over the world. Despite this, no one has succeeded to beat the original, which was continuously improved over the last decade. WallStreet Asia scalp the market using the calm market conditions following the closing of the NY trading session. The trading logic is completely different from WallStreet Robot and the two robots complement each other very well.

Great Britain Pound / US Dollar (GBPUSD)

Euro / Great Britain Pound (EURGBP)

WallStreet Gold Trader

WallStreet Gold Trader is based on the main, proven through all those years trading principle of WallStreet Robot. It takes high win probability trades in the direction of the current market impulse. It works so well because it follows the trading logic of the SMART institutional money /traders/.

This trading strategy is fundamentally carved in the human psychology moving the markets, that's why it will last since the markets exist. This simple but effective trading logic is the rock-solid foundation of the WallStreet Robot trading package, which makes it such a reliable winner through all those years.

WallStreet CRYPTO

Finally, FXAutomater has enough quality data for the cryptocurrencies to work with. As well the spreads are already manageable in many brokers. Until this moment developing a robot for trading cryptocurrencies was a gamble. This is why the majority of the crypto robots on the market are pure SCAM. FXAutomater's reputation is indisputable – they don't develop SCAM robots! They've used the most reliable trading strategy ever, which is the core of Wallstreet Forex Robot and they’ve succeeded to adapt it for BITCOIN (BTCUSD) and ETHEREUM (ETHUSD). The results look very promising and they can confidently say that the crypto traders finally have the tool they needed so long.

Bitcoin / US Dollar (BTCUSD)

Ethereum / US Dollar (ETHUSD)

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, while 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 which are shipped with MetaTrader are involved in a creative way, 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. There's no GMT setting 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 that 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 that 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 basically a safety setting.

A featured StealthMode parameter is likely better to off / disable it if the account's broker isn't suspected to misbehave. 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 really 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

With respect to 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 live trading result statements running the EA, all of which are stamped with the independent verification of MyfxBook.

The Bottom Line

In fact, 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 as 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 2 year 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 totally complies with the previous backtests, so it seems to be so promising. Finally, you may need to raise your intended level to buy this product if you knew that there is a 60-day refund policy, conditioned upon the EA failing to produce a profit.

Promotional Video (by the Vendor)

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Last Updated On Wed, 11 Jan 2023

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Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.