WallStreet Forex Robot 3.0 Review – A Detailed Look at This Automated Trading Software

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WallStreet Forex Robot 3.0 is an automated trading system designed specifically for trading foreign exchange (forex). It was originally developed in 2010 by a team of professional forex traders and has undergone multiple upgrades and optimizations over the past 10+ years. In this comprehensive review, we’ll take an in-depth look at this trading software to see if it lives up to its promises.

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Overview of WallStreet Forex Robot 3.0

WallStreet Forex Robot 3.0 (WSFR 3.0) is marketed as a highly sophisticated and customizable automated trading system for forex. It uses complex algorithms to analyze market conditions and identify potentially profitable trades.

The developers claim that WSFR 3.0 is the result of over 10 years of testing, optimizing, and refining their algorithms and trading logic. They say it’s their most rigorously tested and profitable forex robot to date.

WSFR 3.0 is designed to remove human emotion from trading and execute optimized strategies flawlessly. It aims to identify repeatable, profitable trading opportunities and capitalize on them.

The robot offers multiple customizable settings and options so traders can tweak it to fit their own trading style and risk tolerance. It’s also designed to continuously monitor market conditions and update its strategies in real-time.

Main Features and Benefits

Here are some of the main features and purported benefits of WallStreet Forex Robot 3.0 according to the developer:

Sophisticated trading algorithms – Uses complex algorithms that have been backtested over 20+ years of market data to identify profitable trades. The algorithms are continuously improved and optimized.
Removes human emotion – Trades automatically based on algorithms without human emotion or second guessing. Designed for flawless execution.
Real-time market adaptation – Monitors market conditions and updates strategies in real-time to adapt to changing conditions.
Customizable settings – Offers multiple settings that can be tweaked and optimized for your personal trading style and risk tolerance.
Risk management features – Incorporates stop losses, trailing stops, and position sizing to help manage risk.
Works on any forex pair – Can trade all major, minor and exotic currency pairs. Comes optimized for over 20 pairs.
Ease of use – Simple installation and intuitive interface. No forex trading experience required.

The developers claim that WSFR 3.0 can consistently generate profits in any market condition. They cite over a decade of backtesting and live trading results as proof.

How WallStreet Forex Robot 3.0 Works

WallStreet Forex Robot 3.0 incorporates several complex trading algorithms and logic to identify and capitalize on trading opportunities. Here is a brief overview of how it works:

Analyzes market data – Uses technical indicators like moving averages to analyze price charts and identify trends and momentum. Also analyzes fundamentals.
Determines entry signals – Identifies optimal entry points for trades based on analysis of technicals and fundamentals.
Manages trades – Places entry, stop loss and take profit orders. Trades are automatically managed until closed.
Adapts to markets – Monitors live market conditions and adapts strategies in real-time to optimize performance.
Executes trades – Automatically executes trades without emotion or hesitation using precise algorithms.
Closes trades – Closes trades according to preset take profit and stop loss levels. No manual intervention needed.

The robot is designed to monitor the markets 24/5, identify trading opportunities, and automatically execute trades according to its complex algorithms. It requires no manual intervention.

Performance and Backtesting Results

According to the WallStreet Forex Robot website, extensive backtesting shows consistent profitability across 20+ years of market data, including during major economic events like the 2008 financial crisis.

Some posted backtests show impressive gains of over 6,000% over 10 years and maximum drawdowns of less than 20%. The developers claim users can expect annual returns of 150% to 500% based on their backtests.

However, past performance does not guarantee future results. Backtests don’t account for liquidity issues, latency, and other real-world trading impacts.

WallStreet Forex Robot reviews seem to show decent but varied real-world results, with some traders claiming consistent profits over multiple years while others have had mixed results or losses. As with any EA, user skill in configuring the settings can greatly impact results.

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Pricing and Packages

WallStreet Forex Robot 3.0 offers three package options at different price points:

Basic – $83 per robot license
Premium – $399 for 5 robots
Ultimate – $799 for all 10 robots

The Basic package includes the core WSFR 3.0 robot. The Premium package adds 4 additional robots specialized in different strategies. The Ultimate package includes all 10 available robots.

All packages include a 60-day money back guarantee. Additional costs may include trading commissions, VPS hosting fees, and exchange data feeds depending on your broker.

WallStreet Forex Robot 3.0 Pros and Cons

Pros

Sophisticated trading algorithms
Removes emotional trading
Fully automated system
Customizable settings
Risk management features
Comprehensive backtesting

Cons

No guarantee of profits
Requires monitoring and optimization
Additional costs for hosting, data, commissions
Less control compared to manual trading

WallStreet Forex Robot 3.0 Conclusion

WallStreet Forex Robot 3.0 is an automated trading system that aims to generate consistent profits in forex through the use of complex algorithms, trading strategies, and risk management tools.

It offers traders a sophisticated forex robot that can automatically execute trades based on analytical market data. The algorithms are continuously improved and optimized by the developers.

While backtesting and some user reviews show decent performance, there is no guarantee of future profits. As with any EA, proper configuration and monitoring is required, and results can vary significantly. Additional costs may also be incurred.

For traders looking for an automated solution to remove emotion and tireless analysis from trading, WallStreet Forex Robot for metatrader 4 platform may warrant further research and testing. As always, thorough backtesting and caution is advised before risking capital.