WallStreet Recovery PRO v1.0 released!
WallStreet Recovery PRO is a modified version of WallStreet Forex Robot. The main difference between the two robots is in the way that the opened trades are being managed. WallStreet Forex Robot has a fantasitc option that closes trades in profit. It works well in 90% of the cases. The disadvantage of this option is that when the stop loss levels are low, in some cases, they are hit often. We have managed to fix this disadvantage with the new version of WallStreet Recovery PRO.
WallStreet Recovery PRO Live Performance
How WallStreet Recovery PRO works?
WallStreet Recovery PRO trades the same way as the normal version. It opens the same trades. What's typical for the new version is:
- it does not close in loss
- high stop loss level
- uses additional trade/s for restoring profits
We have developed the robot to not close trades when they are in negative but only when a SL is reached. This way, we guarantee that the robot will not hurry to close a trade due to a false signal. We have set a higher stop loss level. Our goal was to prevent the robot from closing trades during large temporary price movements. This way, we give a chance of the new recovery system to trigger itself and compensate the losing trade. By criteria in the code, the robot opens one trade with a bit higher lot size at the most appropriate moment. This way, thanks to small movements towards the right direction the robot closes all trades in overall profit. You can check out the robot in action below:
Supported pairs
We recommend to use WallStreet Recovery PRO only on EURUSD and GBPUSD because these pairs are most stable. The robot can be used on the other supported pairs by the regular version. For EURUSD, GBPUSD, USDJPY, AUDUSD and USDCHF the robot has predefined settings. For the other pairs, you have to run your own optimizations, if you intend to use the robot on them.
How to use WallStreet Recovery PRO?
In order to use WallStreet Recovery PRO, a regular WallStreet Forex Robot license is required. If you don't have one, you can purchase from the home page of our wesbite. Our customers can use the WallStreet Recovery PRO completely for free. We would like to remind that all our customers can use completely for free our new additional robots - WallStreet Recovery PRO and WallStreet ASIA.
Is it risky to trade with WallStreet Recovery PRO?
Each forex robot (automated trading system) hides its risks when using it. If a trader uses a very high tradig risk, even the most harmless strategy may causes sufficient damage to his/her account balance. WallStreet Recovery PRO is a bit more riskier in comparison to the normal version of WallStreet Forex Robot because it uses a bit higher lot size and an additional recovery trade. For that reason, we recommend to all our customers to backtest the robot before using it on their real-money accounts.
Comment(s) (11)
We use the default settings of the robot on our real-money account. We have only set 1% risk. The other settings are with the default values.
September 17 2015, 4:12 PMHello,
August 26 2015, 9:29 PMWhich settings do you use on this monitoring:
http://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-real/1060208
Best regards,
Yury Moiseev.
thanks for building such good trading eas,i'm using all the wallstreet robot at very low risk with recovery on and feel very safe ,it is all about mm, if you use the right amount of risk you can get a nice monthly profit at low risk
August 23 2015, 6:47 PMDear Yury,
July 07 2015, 3:40 PMThe account you ask about uses the default settings. No any modifications.
Yury:
July 07 2015, 12:16 PMWhich settings do you use on this monitor:
http://www.myfxbook.com/members/forexwallstreet/wallstreet-recovery-pro-10000-demo/1103635
Yes, the tests before 2008 are disabled simply because the recovery strategy is optimized for the latest market conditions after 2008. As for your backtest issues with AUDUSD, we suggest to open a support ticket from our member area and our team will assist you.
May 11 2015, 3:40 PM2 qustions please.
May 08 2015, 6:27 PM1- On backtest it does not open any positions before 2008. Am I doing something wrong or you locked it for some reason?
2- I'm unable to backtest AUDUSD, it keep saying, waiting..... and only trade in the last weeks of the all history. Is it normal?
Thank you all for the interest! We will answer to all your questions and concerns:
May 08 2015, 9:58 AMMark Griffin, we would not say that this is a typical martingale system. Martingale does not work the way that WallStreet Recovery PRO works. Our robot opens only one additional trade and the risk is beforehand specified by the trader. Furthermore, the additional trade is triggered only during specific conditions, unlike more martingale systems. Our point is that if you trade with reasonable risk, your account should be safe enough and long-term profitable.
MARCELLO LO SAURO, we trade on more pairs to show customers the performance of as many pairs as possible. Our developers always have to monitor how pairs perform. However, we recommend EURUSD and GBPUSD because they perform safer - we want the best for our customers and safety is always first.
HIDEKUNI TAKAO, the GMT offset calculation for this EA is automatic. It is not necessary to adjust anything.
Could you tell me how to set the GMT offset in the recovery edition?
May 06 2015, 11:54 AMHi, I'd like to know, why on your real system account you use eurusd, gbpusd, usdjpy and audusd, and here you recommend to use only on eurusd and gbpusd?
May 05 2015, 5:23 PMRegards
Marcello
Seems that a martingale-like risk management system is now employed. Very dangerous.
May 05 2015, 2:53 PM