WallStreet EA Is Close To Blowing Up After 5 Years - What Happened?

[Nick]

Hey guys,

Wall Street EA was the last profitable EA from the golden age of EA's (2008 > 2013) and by far the longest running with their showcase account going back 5+ years.

I was alerted today that it's close to margin calling.

https://www.myfxbook.com/members/autotrade/wallstreet/95290

It's the most viewed page on Myfxbook and the most followed system, so I'm keen to hear from anyone who's been trading it to understand what went wrong.

I have my own theories, but I'd like to hear from you guys.

[ScottFX]

Not the best idea to trade an EA on GBP at the moment. It's not going to know fundamentals regarding the referendum .

[Daniel]

Looks like they have put manual partial hedge to save the account.

[Nick]

Looks like they have put manual partial hedge to save the account.

Using a hedge when it's never been a feature of the strategy previously is a recipe for disaster.

My prediction - They'll try to unwind the hedge and gradually dwindle the account down to a point of no return, once that happens they'll make a one way directional bet and cross all their fingers and toes that the forex gods save them.

[Soros]

Does anyone now where i the strategy of the wallstreet ea can find.

Greetings