Wall Street Forex Robot 2.0 Review

Branded as the Wall Street Forex Robot version 2.0, this is an upgraded edition of the original product from 2011. Ten years later, the developers from FX Automater use the potential of their long-running product and uplift its functionality and implement a real-time settings update system.

This review will focus on the product’s features, its performance results, and customer feedback.

Wall Street Forex Robot Overview

Behind FX Automater is a team of experienced forex traders and software developers who have been developing a wide range of different forex and trading assistance software.

Wall Street Forex Robot is among their most renowned and recognised products that have been on the market for a decade. To promote the new upgraded version of the product, the company is offering an exclusive promo package that includes three other forex robots – Wall Street Recovery Pro, Wall Street Asia and Wall Street Gold Trader.

The whole package is offered for 267 USD, and it comes with 60 days money guarantee, double the usual guarantee policy of a month.

The users receive an unlimited amount of demo account and a license for one real account. Additionally, the Wall Street Robot is compatible with the most popular trading platforms, including MT4, MT5 and cTrader.

Wall Street Forex Robot 2.0 Features Review

On their promotional page for the product – wallstreet-forex.com, FX Automater focuses on the new features added to their development. They talk about their new real-time settings updated system that enables traders to adjust their settings whenever they want without restarting the forex robot every time they make some adjustments. It is a valuable feature, especially for scalper traders who usually run their trades in short time-frames.

Another new addition to the features is the “Broker Spy Module”, which the developers claim to spend more than 2000 hours working and refining. According to them, “Broker Spy Module” protects you from unethical brokers who might cheat you with high negative slippage, high spreads or delayed order execution. It enables you to constantly monitor your selected broker and alerting you in case “your broker is stealing from you”.

Additionally, FX Automater claims that they have improved the profitability option of the EA significantly, rising to +26 000 pips compared to +16 000 pips in the previous version.

Wall Street Forex Robot 2.0 Trading Strategy Review

Like the previous version, Wall Street Forex Robot 2.0 is an automatic EA used on Standard, Mini or Micro Accounts. It works with seven forex pairs – EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, and AUD/USD.

According to its developers, the average winning rate is 10-15 pips, and the system allows you to set Pending Stop and Limit Orders.

Wall Street Forex Robot 2.0 Performance Results

As an experienced provider of forex signal software, FX Automater understands that they have to be able to provide performance results showing the capability of their product to attract more clients.

Therefore, on the home page of their website, we can see an active verified myfxbook account showing historical data in the last four years. In this period, it has achieved an overall gain of +210.95 %, with a monthly average gain of 2.50%.

However, the maximum drawdown is also relevantly high – 21.17 %, primarily due to significant drops last year. At the time of writing this review, the account is going strong, with a current gain of 221.52 %.

Wall Street Forex Robot 2.0 Customer Reviews

The EA has some mixed reviews on the Forex Peace Army platform. Most customers comment that it runs smoothly and provides winning trades, but with a tiny profit range.

Conclusion

Wall Street Forex Robot 2.0 is a well developed EA designed with traders’ needs in mind. It has some innovative features – real-time settings update and “broker spy module” and comes with an additional three assisting products.

According to the verified myfxbook account, Wall Street Forex Robot provides stable but minimum profits, different from what most scalping and day traders are looking for.

Pros:

► Various features aiming to support and protect traders work

► Long history of verified results

► Additional products offered as a bonus from developers

Cons:

► High price

► Mixed reviews from customers