Wall Street Advisor
The Wall Street Advisor was developed in 2011 by a team of specialists who have been working with financial markets for over 30 years. A distinctive feature is the advisor's high stability. It is very difficult to find an advisor whose monitoring has been living and growing for four years. The average monthly profit of the advisor is approximately 1.5%.
The advisor can rightfully be called multi-currency, because it works on 5 currency pairs, namely euro/dollar, pound/dollar, New Zealand/dollar, dollar/yen, Australian/dollar.
The advisor uses scalping tactics, entering a position following the trend and exiting with a couple of points of profit. The working time frame is considered to be m15.
Installing the advisor in the terminal is very simple. Download the advisor itself at the end of the article and through the data directory, which you should open in the terminal, place the advisor in the expert folder. Restart your terminal and our advisor will appear in the list. Next, simply drag the advisor onto the screen of the currency pair with the m15 time frame.
Setting up a Wall Street Advisor
The advisor's settings are very diverse and complex. As I know, the EA has to be optimized very often, so pay special attention to the settings.
If you enable the CloseOnlyOnProfit parameter, the adviser will close the position only at the specified stop order or profit. By default, the advisor can close positions early in the event of opposing signals.
The FixedLots line is responsible for the size of the advisor's fixed lot, and the AutoMM line allows you to calculate the initial lot automatically. The RecoveryMode line allows you to enable the ability to increase the lot in case of a losing position.
In the MaxAccountTrades line you can limit the maximum number of simultaneously open orders. Also, for the superstitious, there is a function to close all transactions on Friday. To do this, turn on True in the FridayExit line.
The authors of the advisor also highlighted a whole block with various indicators, the parameters of which can be optimized.
First, let's test the Wall Street advisor on the euro/dollar pair for a period of one year. The settings are by default, and we will conduct the test itself as for a new trader who has only 100 bucks in his account. The result is shown in the picture:
As you can see, the curve is growing steadily upward. The profit was 25 percent, and the maximum drawdown did not even reach 6 percent. I decided to conduct a test on the AUD/USD currency pair. Before you start the test, enter the AUD/USD currency pair in the UseSettingsFrom line.
The test result is shown in the picture:
In this case, the settings are outdated, so they need to be optimized before starting work. I would like to separately note that for the year our losses amounted to only 16 percent of the deposit.
Wall Street Advisor has a number of pros and cons.
The most important advantage of the Expert Advisor is its stability and profitability. An important fact remains that the advisor does not use locking, averaging or a grid. All orders have clearly defined profit and stop orders, so you can never lose more than what is provided by the advisor. The downside is probably the very small number of positions.
The advisor can open 5 positions per month, which does not immediately allow you to feel the effectiveness of the advisor. Before you start working on a classic account, test it on a cent account; this can be done with brokers such as Amarkets or Roboforex
. Download the Wall Street advisor.
The expert is posted here for review, but for confident, stable operation, I recommend buying a license from the developers. Thank you for your attention and follow the trend)