Wednesday, January 30, 2013

Wallstreet Forex Robot New GBP Settings | Member's Area Screenshot

Hi Guys, Just recently one of my favorite scalping Forex robots just released some new settings for the GBP/USD pair. See the screen shot below of the members area.


The TP and SL for this has been changed form the defaults. The TP is now 40 pips and the SL is 52 pips.
There is also a "turbo" version that is similar to this setting with more trades, higher profit but higher draw down as well.

I should also point out that the default setting now sports a 95 pip SL along with a 50 pip TP.

I ran some quick back tests of these new settings and I was NOT impressed. The back tests were barely profitable.

I then proceeded to run a back test for the new default setting and I quickly noticed that the default was still the best choice for long term profit. Unfortunately I was not able to post these back tests on here because of technical issues with my server.

I would definitely run the GBP/USD pair with the default setting, it is the best setting indeed.