WallStreet Forex Robot is a paid trading advisor, developed by WallStreet, a company specializing in the creation of trading software. The cost of the Expert Advisor varies from 239 to 389 dollars depending on the number of licenses. The advisor uses a low-risk scalping strategy in his work. This algorithm is considered one of the best and time-tested trading strategies. The Expert Advisor is compatible only with the MetaTrader4 trading terminal, but can be used on the trading accounts of a number of brokers, allowing the use of trading robots. The Expert Advisor includes a detailed instruction manual that allows the trader to configure the robot to get the most effective results.
WallStreet Robot – detailed information
|Executive class||Short- and medium-term|
|Type of Expert Advisor||Scalping|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||1000|
|Indicators||your own indicators|
|Recommendationed brokers||FxPro, Fort Financial Services|
|Pair tool/forex||EURUSD, GBPUSD, USDJPY|
|Yield, % p.a.||94.57|
|Max. drawdown, % p.a.||54.31|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.