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Welcome to Wallace Forex Laboratory ("WFL"). WFL is established with objective to search for profitable forex autotrade systems (also known as Expert Advisor or EA) Our ultmate goal is to create a portforlio consisting of a combination of different EAs which can produce consistent profit.

OUR MISSION

Become one of the major platform through which traders can identify truly profitable forex autotrade systems and generate return from trading with them.

OUR VIEWPOINTS

  • Commercial EAs claiming themselves profitable are not profitable unless they can show LIVE REAL trading result for proof.
  • Forward test is the only way to verify performance of an EA. Backtest can only provide limited insight and is often unreliable due to over-optimization.
  • EAs that works on demo account may not work on real account as other influencing factors (such as liquidity and spread) need to be taken into account in real trading.
  • It may not possible to find an EA which can be profitable in all market conditions. However, it may be possible to create a portfolio consists of EAs with different strategies that can generate consistent profit in the long run as a whole.
  • Truly profitable EAs are seldom sold to/share with the public. Managed account service is the best and the most sensible way for sharing. 

WHAT WE DO

 

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Disclaimer: The risk of loss in trading foreign exchange (forex) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in forex trading can work against you as well for you. The use of leverage can lead to large losses as well as gains. Forex trading offers large potential rewards, but also large potential risk. You must be aware of the risk and be willing to accept them in order to invest in the Forex market. Don`t trade with money you cannot afford to lose.  Wallace Forex Lab (WFL) works hard to introduce visitors with LOW RISK/HIGH REWARD automatic Systems. But you should also understand that there is nothing like a "Holy Grail" and no single system is perfect. By trading with the automatic systems (Expert Advisors) introduced on WFL’s website, you agree to hold WFL free of any responsibility or liability for any losses sustained while trading with live funds. Any live trading that you do, you do so at your own risk and discretion. Forex is a risky business. You can lose large sums of money by taking the risk of trading in the live market. WFL shall not be held responsible for any losses that you might incur during any trades. This is neither a solicitation nor an offer to Buy/Sell currencies, futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed verbally or written on any literature by WFL. The past performance of any trading system/strategy or methodology is not necessarily indicative of future results. No guarantee is made that you will be able to replicate the same results. WFL is not associated with any forex broker firm. WFL should not hold any responsibility for any losses caused by the broker firm(s).