Wall Street Forex Robot Evolution is a new life of the honored advisor
I would like to discuss the Wall Street Forex Robot advisor by the Evolution version. This version is an updated modification of the advisor, which is the first trading robot for many traders in the trading world. It compares favorably with many others because during a significant number of years it consistently maintains a high level of reliability and successfully passes a time test. In this article we will review how it works with currency pairs and speak about its settings that the manufacturer recommends.
Characteristics of the Wall Street Forex Robot Evolution
The advisor works on the Metratrader 4 platform. Described version has a number 1.0. Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, EUR/JPY. Working time frame is M15, and the operation time — 24 hours a day. The recommended brokers for this advisor are the Alpari (ECN accounts), Roboforex (ECN-accounts) and ForexGrand.
Recommendations for installation
The robot Installation is producing in accordance with the usual algorithm. If you are a beginner in the Forex, it is advisable to familiarize with the basic steps. In an advisor code the settings for all possible pairs has registered in advance, therefore, they must be open in M15 timeframe. In addition, going into the personal account, you can see the additional settings created by the bots author. To their application you should choose “true” in the UseCustomPair, and point a name of the setting in the SettingsFrom, for example, EUR33. In addition, it is possible to control the spread, turn on an invisible mode, hourly filter and recovery mode.
This advisor can be called a pioneer of a well-executed trend scalping. The deal will be able to open even with the occurrence of kickbacks from major trends. There is a common version that some advisors, such as the Wall Street Forex Robot, in its database have a data which was received as a result of strategies “leakage” of one of the largest investment banks. In the role of trend indicator can be using Moving Averages, CCI, ATR, WPR, and the results of the individual calculations. In addition, it is possible to adjust the setting of the news refusal and install the Spy Broker module which carries out the tracking of the broker trading conditions in online and writing it. The grid orders aren’t using by described advisor as martingale or averaging different — it also works really well without their help.
Expert data obtained as a result of the Wall Street Forex Robot work years, together with the practice of using real accounts, gives a reason to believe this robot as a reliable and profitable in terms of the long-term use.
A dynamic (proportional) lot is used for the second test series effectuation. It enables to evaluation of the results considering the money management.
A making profit from trading activity is not the easiest task. However, since the robots contributing to the deposit growth has appeared, the situation began to change for the better. The traders consider that the Benefit is the most attractive advisors in this plan.
Its main feature is the possibility to apply the martingale principle (averaging at losses) and working with the USD/JPY currency pair, which is atypical for this method.
A good robot’s profitability is confirmed by the results of the independent monitoring. In addition, Brexit wasn’t reflected on it.
What exactly is a Benefit, how to use it correctly, and which positive and negative sides it has?
The fundamental advisor characteristics included:
- working on the Metatrader 4 platform basis;
- considered version is 2.1;
- its work is conducted within the currency pair USD/JPY;
- timeframe — M15
- the advisor operation is performed on a full-time basis and, of course, this time can be limited;
- the recommended brokers are: Forex4You, ForexGrand.
Recommendations for the installation
Advisor installation carried by the standard method. If questions will appear you should take an awareness training.
It is important to take into account that due to the relatively high advisor risk it’s necessary also be acquainted with the main trade principles, which are based on averaging.
The Benefit is a typical representative of the same advisers that use the martingale principle in its activity. When you run the advisor the buy and sell exposure in the two sides performs. When the price movement will begin, added another one to a position which going to loss, on a pre-set distance from the level where the first rate with a larger lot was based. The grid formed in this way exhibit a single common take profit. At the time of the rollback, the orders grid is closing with profit by the advisor. The options of order placing and their settings are specified in the external advisor’s parameters.
A special attention should be paid to the following fact: in connection with the using of a “Benefit” advisor the martingale strategy, despite the loss, which one day will happen through periodic withdrawals, the overall positive result will be in favor of the trader. As soon as conclusion of an originally placed deposit has produced, a rather troubled at its core martingale strategy has transformation in breakeven and then in profitable.
During the test, a configuration file directly from the advisor creator was used. In the case of trade during the adverse periods, there is a possibility of losing a deposit because of the “poker”, which is a distinctive advisor feature of councilors belonging to the Ilan class. When you are working with this type of advisors, it is necessary to withdraw profits on a regular basis.
It is important to remember that there is no need to make changes in the advisor parameters installation. Should apply only the recommended values.
In conclusion, it is worth recalling that the basis for the such advisor activities as Benefit, is a martingale or averaging.
Generic A-TLP: the advisor, which was developed by traders for themselves
It is proved that the commercial advisors are the most popular among trading robots. They show good test results and offer the possibility of obtaining the huge revenues. Unfortunately, in most cases, this is just advertising, but in some situations there are really quality ideas. For example, there is the Asian advisor with its unconventional view of the night scalping. Although, the traders who is not so well versed in the subject, has not the most positive opinion about this type of scalping.
The Generic A-TLP has been created by a group of the professionals – traders, and as a result turned into a quality bot, which is able to generate an income from trading transactions. Among other things, it has open-source and carefully selected settings. It distributed free of charge.
The main characteristics of the robot
It was designed for working on the Metatrader4 platform. Version 9.02. It is using such currency pairs as GBP/USD, USD/JPY, GBP/CAD, GBP/CHF, EUR/GBP, EUR/CHF. The used timeframe is M15. The work time is the Asian session. The recommended brokers are Alpari (ECN), Roboforex (ECN), ForexGrand.
Recommendations for the installation
The advisor installation is conducted by the standard scheme. If you haven’t a similar experience, you have the opportunity to take the introductory courses.
You should pay special attention that the advisor’s settings have a major impact on the results of trade. In this regard, recommend to use the set-files.
Type of the advisor strategy
This advisor is a one of the trend scalpers. The entry into the transaction is made at the time of the retracement from the trend. The tape indicator, in turn, can be trend and channel. The pending orders opening is happened at the time of the rebound from the channel boundaries into some number of points. The orders are closing on the stop-loss and take profits from the tape (Bollinger Bands).
Experts in their activities work without the martingale or orders grid. You have the option to pre-define advisor limitations for each particular day.
This advisor can be attributed to the number of the robots with the greatest reliability, which could help you to generate a relatively high income.
It is not recommended to change the advisor parameters, if you haven’t sufficient knowledge in this area.
Recommendations about the money management
The optimal risk on each transaction is 2% of your available deposit for each of the pairs. The lot size is calculated through a calculator or by means of conventional level set in the parameters.
Summing up the above, it should be noted that, of course, the Generic A-TLP is the result of the joint work of many enthusiasts who, despite of limited resources, has created a wonderful tool. The advisor’s operability has been repeatedly confirmed in the numerous tests and monitoring.