WallStreet Forex Robot 2.0 Evolution Review: Month Six Update

WallStreet Forex Robot 2.0 Evolution Review

The WallStreet Forex Robot 2.0 Evolution is a trading bot, or an "Expert Advisor", designed to trade the Forex markets for you. 

It requires no prior knowledge of Forex trading and once set up it can be left to find profitable trades from Monday to Friday when the markets are open.

We are testing this as a complete beginner, so we started by opening up a demo account with a broker and installing MetaTrader 4. 

The MetaTrader 4 software is free and required to use any of the FXAutomater bots. The manual included with this bot explains how to get everything you need installed and ready to use, but the broker that we used also included links to the software with instructions for getting a demo account working on it.


How does WallStreet Forex Robot 2.0 Evolution work?

The bot is called an "Expert Advisor", which is basically a tool that tells you when to make trades or in this case, automatically trades for you based on a predefined strategy. 

The WallStreet Evolution 2.0 bot aims to make low risk profits by following short and medium-term trends. However, it is not aiming to make 1 or 2 pips here and there. 

They claim to make an average 10-15 pips per winning transaction, so brokers would not view this as aggressive scalping and your account wouldn't be at any risk of being blacklisted.

The bot is designed to for the most liquid currency pairs, including EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD. These are said to offer the steadiest spreads so that you can profit consistently.

WallStreet Forex Robot 2.0 Evolution Review Interface

The software has a built-in high spread protection system to protect from unexpected losses due to high market volatility. It also has a broker protection system which conceals your stop levels and protect you from unfair brokers.

The service provides a backtesting feature and there are 20 years of backtested results available to view.  Results reported on the website show 151.63% profit over 3 years, which has been verified by an outside source.

There are actually 4 bots included in the package; WallStreet Evolution 2.0, WallStreet Asia, WallStreet Recovery Pro and WallStreet GOLD Trader. Our review is based on the main bot, but we may look into the others at a later date.


Month One Update

Our review started off positively and our starting balance of £10,000 in demo funds had grown, but it was just a small increase of 0.1% from a total of 54 trades.

We were trading three sets of currencies, GBP/USD, EUR/USD and USD/JPY and we were just using the main bot.

We were impressed by the high strike rate of 81.5% and things had been very steady, which seemed like a good sign. We didn't want to see anything too rash with our first venture into Forex trading bots.

Key Stats

Starting Balance£10,000
Profit/Loss£10.46
Current Balance£10,010.46
Absolute Drawdown4.99
Maximal Drawdown7.82
Total Trades54
Short Positions Won70%
Long Positions Won88.2%
Profitable Trades81.5%
Largest Profit Trade£1.46
Largest Loss Trade(£5.31)
Average Profit Trade£0.73
Average Loss Trade(£2.18)
Most Consecutive Wins8
Most Consecutive Losses2
WallStreet Forex Robot 2.0 Evolution Update One Graph

The team FXAutomater team responded to our first month's results with the following message:

"Going to success fast is not the best way to earn in this market. Our robot will have periods with good trades and they may have periods with bad periods, unfortunately. What is important is to have good results at the end."

We soon discovered that we were going to need to be patient, not just with the bot, but with trading Forex in general. We were pleased to see things heading in the right direction at least.


Month Two Update

We had made another small profit in month two of our WallStreet Forex Robot 2.0 Evolution review with our total profit adding up to £25.68.

As you can see by the graph below, the bot had been making steady profits and almost 80% of the trades made a profit.

We found that the profit made in comparison to the bank size was small, so it seemed like the staking needed to be adjusted, else it would take far too long to recover the cost of the software.

We had found that the risk could safely be adjusted to 5%, so we changed our settings and hoped that this would improve our profit whilst still keeping our bank safe.

Key Stats

Starting Balance£10,000
Profit/Loss£25.68
Current Balance£10,025.68
Absolute Drawdown4.99
Maximal Drawdown13.4
Total Trades122
Short Positions Won78.6%
Long Positions Won80.8%
Profitable Trades79.5%
Largest Profit Trade£2.44
Largest Loss Trade(£5.97)
Average Profit Trade£0.82
Average Loss Trade(£2.15)
Most Consecutive Wins15
Most Consecutive Losses2
WallStreet Forex Robot 2.0 Evolution Update Two Graph

Month Three Update

After adjusting our staking setting at the end of month two, we were in a much better position in terms of profit with a total of £298.60 banked in month three.

That took our overall profit up to £324.28, although our total profit had reached around £900 at one stage.

Our profit chart would inevitably be a bit erratic in comparison to the first few months, but we planned to run the review for at least a few more months to see how things would progress.

Key Stats

Starting Balance£10,000
Profit/Loss£324.28
Current Balance£10,324.28
Absolute Drawdown4.99
Maximal Drawdown728.69
Total Trades173
Short Positions Won77.78%
Long Positions Won85.14%
Profitable Trades80.92%
Largest Profit Trade£72.61
Largest Loss Trade-£384.48
Average Profit Trade£11.36
Average Loss Trade-£38.35
Most Consecutive Wins15
Most Consecutive Losses2
WallStreet Forex Robot 2.0 Evolution Update Three Graph

Month Four Update

It turned out to be another profitable month for the WallStreet Forex Robot 2.0 Evolution, with £720.23 added to our bank. Our total profit was now up to £1,044.51 which worked out as a 10.4% bank growth.

It hadn't been a smooth month as the bot had hit a bit of a downturn at first, but it recovered well and we hoped it would continue in the same direction.

Key Stats

Starting Balance£10,000
Profit/Loss£1,044.51
Current Balance£11,044.51
Absolute Drawdown106.48
Maximal Drawdown1101.12
Total Trades230
Short Positions Won77.87%
Long Positions Won85.19%
Profitable Trades81.30%
Largest Profit Trade£102.50
Largest Loss Trade(£384.48)
Average Profit Trade£18.14
Average Loss Trade(£54.61)
Most Consecutive Wins21
Most Consecutive Losses2
WallStreet Forex Robot 2.0 Evolution Update Four Graph

Month Five Update

There was a loss of £89.44 in month five of our WallStreet Forex Robot 2.0 Evolution review, but we were still in a great position overall with £955.07 profit.

Key Stats

Starting Balance£10,000
Profit/Loss£955.07
Current Balance£10,955.07
Absolute Drawdown106.48
Maximal Drawdown1101.12
Total Trades290
Short Positions Won79.11%
Long Positions Won81.06%
Profitable Trades80.00%
Largest Profit Trade£179.20
Largest Loss Trade-£384.48
Average Profit Trade£21.75
Average Loss Trade-£70.54
Most Consecutive Wins21
Most Consecutive Losses2
WallStreet Forex Robot 2.0 Evolution Update Five Graph

Month Six Update

WallStreet Forex Robot 2.0 Evolution made a profit of £269.30 in month six of our review, which meant that in total we were in profit by £1,224.37.

It was great to see that the bot was working, but we planned to do another update in a few months time to be sure that the bot continued to work in the long-term.

Key Stats

Starting Balance£10,000
Profit/Loss£1,224.37
Current Balance£11,224.37
Absolute Drawdown106.48
Maximal Drawdown1101.12
Total Trades336
Short Positions Won79.58%
Long Positions Won79.31%
Profitable Trades79.46%
Largest Profit Trade£179.20
Largest Loss Trade(£431.49)
Average Profit Trade£24.82
Average Loss Trade(£78.31)
Most Consecutive Wins21
Most Consecutive Losses3
WallStreet Forex Robot 2.0 Evolution Update Six Graph

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2 thoughts on “WallStreet Forex Robot 2.0 Evolution Review: Month Six Update”

  1. Hi Laura, thanks for the great review, very interesting! Would you be willing to share the settings you used to set up the bot in Month 3 when you turned things around and made a sweeping profit?
    Regards
    Yannick

    • Hi Yannick, I just used the standard settings advised in the manual/bot download area. In month three, I just adjusted the staking from the minimum up to 5%, which was still documented to be at a safe level.

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