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Monday, 3 October 2011

Wallstreet FX EA review

I purchased this EA 2 months ago, and basically its said to be a 24 hour scalper not like those Asian session scalpers.

Wall Street Forex Robot Essentials:
One licence for three live and unlimited demo accounts
Not a scalper, so can opens positions at any time
MetaTrader5 (MQL5) version available free of charge
Uses a unique risk management algorithm
Five built-in intelligent protection systems
Opens 90% of trades during periods of low spread and high liquidity

A single licence normally retails at 299$ and 3 licences retails at 599$ although at the time of writing this there is a 110$ discount on the 3 licences price. You can purchase this EA HERE

My thoughts are that its better then the other scalpers out there purely because the take profit targets tend to be bigger thus if we encounter a loss its quicker to make it back. August was a rough month for this EA but September was much better as it made back 60% of Augusts losses, but long term I think this robot lies in good stead.
I have just opened another account with this EA running on it so you can check out the performance of this EA HERE

As with IRIS FX, its definantly worth having Cashback with your broker, as it trades a decent amount and the cash back can rack up pretty nicely. Also although spread is important, you can still do pretty well with a 3 pip spread broker, and with thouse you can get fairly large rebates. One of my accoutn is with Tadawulfx and it pays 0.8 pips rebate per trade, so overall I'm up on trading this robot although P&L is slightly down as I write this.

I think by Christmas we will get a good Idea of how this bot works over time.

To purchase Wallstreet FX click HERE

To view the performance of this EA click here

Some good cashback service listed below:

CashBackForex
CashBackForex USA
Pip Rebate
FX Rebate Gurus

Purchase this EA from the links here, or sign up to CashBackForex and I will send you a free copy of either Forex Megadroid, Primeval EA v2.1 or Forex Outbreak
Send an Email here if you have done so.

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