WallStreet Recovery Pro V1.0 EA MT4 is another brainchild from the developers of forex robots marching under the name WallStreet. This includes the EA Asia. WallStreet Recovery Pro is the best Expert Advisor that uses a grid of orders to trade. This EA is among the dangerous trading robots, but with the observance of some rules, profit is provided.

Сharacteristics of the WallStreet Recovery Pro

• Official website: wallstreet-forex.com
• Platform: Metatrader4
• EA version: 1.0
• Currency pairs: EURUSD, AUDUSD, GBPUSD, USDJPY, USDCAD, USDCHF
• Trading Time: Around the clock
• Timeframe: M15
• Recommended broker: FBS, XM

Backtest of WallStreet Recovery Pro

On the recommendation of the developers of WallStreet Recovery Pro, you need to use the following currency pairs: EURUSD, AUDUSD, GBPUSD, USDJPY, USDCAD, USDCHF. I performed backtests on these currency pairs in the date range: 2012.01.01 – 2019.03.25 with 99.0% modeling quality (how to achieve this quality in MT4, see this article). Here’s a look:

EURUSD

GBPUSD

USDCHF

AUDUSD

As you can see, WallStreet Recovery Pro EA has successfully passed tests for EURUSD, GBPUSD, USDCAD and USDCHF. But on AUDUSD and USDJPY pairs I would not recommend using this EA. But even on successful tests, the maximum drawdown reaches 28%, which is very much and unsafe. Be careful when using this expert advisor on a real account!

Basic settings of the WallStreet Recovery Pro

The Recovery Pro EA has many settings. I will not list them all. Focus only on the basic settings:

• MaxSpread – maximum spread Keep in mind that the spread depends on the pair and on the broker.
• Slippage – the maximum number of pips to consider when opening a transaction, if the price has changed dramatically.
• UseCustomPair = false – default settings. When installed on a chart, the default settings are used. If you set it to “true”, you must specify a custom pair in the UseSettingsFrom line.
• UseSettingsFrom – indicates a pair during manual configuration.
• FixedLots -fixed lot. EA will trade with the lot that you specified (recommended).
• AutoMM – automatic lot. Recommended AutoMM settings = 3 per 1000 dollars.

In the archive WallStreetRecoveryPro.rar (212.0 KB):

• EA – WallStreetRecoveryPro_v1.0.ex4
• Libraries – WALLSTREET.dat and wallstreet.dll

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

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