The sales portal of the WallStreet Forex Robot 2.0 Evolution has been professionally designed and attracts buyer attention immediately. The robot is offered by the FX Automater team that has several robots under their name. While forex traders are familiar with the name, the members of the team or their location remains unknown. Some traders who like to personally interact with the vendor might not approve of this. The vendor claims the robot to be the ‘most advanced’ and promises to multiply trading profits.
Package Offering and Pricing
WallStreet Forex Robot 2.0 Evolution is offered in a package priced at $347. At the writing of this review, the robot is available at a promotional price of $237. The package includes:
- One real account
- Unlimited number of demo accounts
- Three bonus robots – WallStreet Asia, WallStreet Recovery Pro and the WallStreet GOLD Trader
- Detailed User Guide
- 24/7 support
The vendor also provides a 100% money-back guarantee for 60 days. While the buyers do not have a choice to pay in installments, the vendor does offer a wide range of payment methods like PayPal, Visa, etc.
WallStreet Forex Robot Characteristics
Compatible with the MT4 platform, the WallStreet Forex Robot 2.0 Evolution can be used with any NFA regulated broker. The robot features a Broker SPY Module that has been developed by the FX Automater team. This module aims to protect the traders from unethical brokers. Another new feature of the updated version is the automatic updating of the software. The currency pairs traded in by the robot include EUR/USD, GBP/USD, USD/JPY, USD/CHF, XAU/USD and USD/CAD. The vendor does not provide any information about the time frame or the recommended deposit. Traders expecting some guidelines on this can be dissatisfied with this.
Trading Strategy
The robot follows a low-risk accumulation strategy, promising winning transactions in 10-15 pips. The scalping robot has been designed especially for the liquid, narrow spread currency pairs. The high spread protection system sticks to 1-3 pips, preventing surprising high loses. Apart from this, the algorithms or the patterns used by the robot have not been highlighted by the vendor.
Trading Results
The vendor provides 20 years of backtesting results for four currency pairs. For the EUR/USD pair, the robot shows 80% winning, earning a total profit of 165k. The vendor has also provided links to the verified Myfxbook account. The robot shows a total gain of 132% with a drawdown of almost 20%. While the figures are very impressive, the monthly reports show that the performance of the robot doesn’t remain steady overall. This can be due to lack of timely updating by the developer.
Customer Reviews of WallStreet Forex Robot 2.0 Evolution
The vendor has provided some customer reviews on the website. However, without a picture or a proper reference, these cannot be considered trustworthy. After some digging, we found plenty of negative reviews for the robot:
- Traders claim that the robot has many winning trades with small profits. However, a major losing trade wipe these off quickly.
- Several traders had difficulty in getting a refund when they were unhappy with the robot.
- Traders have even claimed that the robot doesn’t perform the way it does during the backtesting.
These negative reviews hint that the robot may have failed to offer the same functionality in real accounts as it does on the demo account. With no recommendations provided by the developer on the working of the robot, there is no guarantee if your strategy will work for the robot or not.
