Review: WallStreet Forex Robot 2.0 Evolution

The WallStreet Forex Robot 2.0 Evolution is the latest version of the long-standing EA released over 5 years ago. When I reviewed this product in March 2011 I never expected that it would be around this long. By that same token, I really didn’t expect Forex Robot Nation to be in its 7th year but here we are.

So today we will be going down memory lane, being nostalgic and providing a review so that you know if the updates are worth the $307 price tag.

WallStreet Forex Robot 2.0 Evolution Review

The sales page is much different than the last time I saw it. It is really quite sharp and professional. As for the robot, the FX automater team claims that they’ve kept the best elements in the core trading principles of the original but made some major functionality adjustments to the WallStreet Forex Robot 2.0 Evolution.

According to the sales page they designed a “Broker Spy Module” which is built to protect traders from unethical brokers that hurt traders with high negative slippage, spreads and delayed order execution. They’ve also included an industry first real-time settings update system. The EA will automatically check for new settings and update the software for you. You never have to restart the robotic again. This is certainly a nice feature but I can’t say that this is the first time that I have seen it because there are quite a few robots using this technology.

The FX automater development team claims that over the same period of time simulated performance shows that the WallStreet Forex Robot 2.0 Evolution is 10,000 pips better than the old version.

2021 Breakdown

• Type: Forex Robot
  
• Price: $287
  
• Strategy: Broker Spy
  
• Timeframe: M15
• Pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD.

Going for $287 the Wall Street Forex Robot version 2.0 is on the higher end of the price scale, but still in the acceptable range, as long as it’s providing a valuable return.

PatrickFX Video Review

FX Automater Products

The people behind the WSFR 2.0 Evolution software have been in this market for some time and have released a handful of systems. If you want to see how they stack up see my reviews for Forex Trend Detector, Forex Combo System, Forex Diamond, Volatility Factor and the old WallStreet Forex Robot. Each of these products trade quite similarly but they always have impressive my FX book accounts.

Trading Results

As of right now, there are no real user accounts available but I’ll provide you with the WallStreet Forex Robot 2.0 Evolution developer account so you can take a look at the performance. There are some traders in the market that feel the systems are too good to be true but this latest developer account doesn’t show ridiculous numbers and looks to be using a pretty consistent strategy.

2021 Performance Update

The account we had here in 2016 is no longer available. It was deleted or it blew up, so it was deleted. Something along these lines.

So, here is another one of the accounts now:

This account, updated in 2021 has been running since December 22, 2017. It is showing a gain of nearly 80%, with a drawdown or 18%. Accounting for a daily gain of .15%, and a monthly gain of 4.53. These are very steady numbers, but the nature of the account growth hasn’t been steady.

If you look closely at the trading account you will see that the majority of it’s growth came in it’s early stages. With gains of 14.1%,14.8% and 29.53% in early 2018. Yet, in the past 5 months the system is actually going backwards, losing more than it’s winning. This is a common occurrence in the Forex EA market place as automated programs need to be updated frequently in order to sustain profits in all market conditions.

Based on this trading account, and just by looking at the equity curve, it’s easy to tell that the system may have peaked. The curve is not going upwards any longer, it is just sustaining at the level that it’s at. This doesn’t mean that the Wallstreet Forex Robot can’t perform moving forward, but it does suggest that an update is likely required in order to sustain winning the current market.

I’m seeing some newer live accounts running lately, so it’s good to see that this bot is still active in 2021.

None of these accounts are show stoppers, but they are real accounts, and they are winning which is certainly a step in the right direction. I will be increasing their “results” rating for continuing to provide more live accounts.

Client Feedback

The client feedback for the Wall Street Forex Robot 2.0 Evolution software is not very positive. They have a 2.8 star rating in 16 reviews on FPA.

3 of the last 4 ratings were 1 star ratings which is somewhat concerning, and speaks to the observations we made in our trading performance update. It’s also worth noting that there are very few reviews, and most of them are quite dated, so that should be kept in mind. It’s also good to see that the company stands up for themselves and responds to client feedback.

Final Thoughts

I’m still not ready to give the Forex Robot Nation stamp of approval but I feel I’m on my way. I’m pretty impressed with both the my FX book trading accounts and the overall professional nature of the website. The only thing that I’m waiting for now is more real user trading accounts so that I can see this works for the general public and not just the FX automater development team.

Thanks for stopping by and reading my review. I hope that you spend more time here on Forex Robot Nation analyzing what works for myself and the rest of my readers. Check out the Best Forex Robot page to see what we’re currently using to grow our accounts on a daily basis. Please leave a comment with your thoughts and questions now.