Overview:
Wallstreet Robot 3.0 is a well-known automated EA trading bot designed for the Forex market. It aims to offer traders the ability to execute trades based on pre-set strategies and algorithms without the need for constant monitoring. This trading bot is the third iteration, indicating ongoing updates and improvements from its developers.
Features:
- Automated Trading: It offers fully automated trading options, allowing both novice and experienced traders to leverage algorithmic trading.
- Strategy Diversity: The bot employs a variety of trading strategies, including scalping on quiet market conditions, which can adapt to varying market scenarios.
- Risk Management: Users have access to advanced risk management features, enabling customization of risk levels according to individual preferences.
- Broker Compatibility: Wallstreet Robot 3.0 is compatible with a wide range of brokers that support the MetaTrader 4 and MetaTrader 5 platforms.
- Backtesting Capability: It provides comprehensive backtesting options, which is crucial for evaluating the effectiveness of trading strategies over historical data.
Performance:
The performance of Wallstreet Robot 3.0 can vary depending on market conditions, the chosen settings, and the strategies implemented. Users have reported a mix of results, with some achieving profitable outcomes while others experience less favorable returns. It’s important to note that past performance is not indicative of future results in the volatile Forex market. However, in my case, I have had nothing but great success with this EA with an overall 83% win rate. Keep in mind this EA does a fair few trades a day. It has done up to 10 trades in 1 day. With many trades in a day the 83% win rate is excellent. Make sure to keep your risk level to a minimum. As higher risk makes a much bigger profit but I would rather minimize the risk and lower the profit as long as it is stable.
Usability:
Setting up and configuring Wallstreet Robot 3.0 is relatively straightforward, especially for those who have prior experience with trading bots. The interface is user-friendly, and the bot comes with detailed documentation and customer support for troubleshooting.
Pros:
- Comprehensive feature set for automated Forex trading.
- Supports a variety of strategies and can be customized.
- Compatible with popular MetaTrader 4 and 5 platforms.
- Good customer support.
Cons:
- Performance could be inconsistent, highly dependent on market conditions and settings.
- May require some learning curve for beginners to fully utilize all features. Just check with their support for the optimum settings and you will be fine.
- Initial cost can be high for some.
Live trading performance here: FX Blue - Statement for icmwallstreetrobot
Conclusion:
Wallstreet Robot 3.0 is a robust trading bot for individuals looking to dive into automated Forex trading. Its array of features and customizable options make it a versatile tool. This EA has worked well for me with just one bad trading day out of 19. However, like with any trading bot, there’s an inherent risk, and it’s crucial to understand that performance can vary. As with any investment tool, proper research, risk management, and realistic expectations are key to utilizing Wallstreet Robot 3.0 effectively.
Price
$187. Currently on sale.
Rating
Where to Buy