ForexTruck EA Review: Forex Truck is an expert advisor. It was created to assist and guide traders navigate the perilous journey of trading. The name of the team behind the creation of this Forex Truck Robot was not disclosed. Is buying this ForexTruck EA worth it? Read through our review to see what experts have to say about the Forex trading software
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
ForexTruck Robot Review
This EA was created by the owners of Forex Stores. The developer in question are also behind the XFX EA, Forex InControl, FX Stabilizer Pro and many more.
How Forex Truck Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 and MT5 Platform, it works on USDCAD
The sales page claims that the strategy “consists of two blocks that work together.”
The first block supposedly searches for effective entries using fixed lots, during this process It opens one trade at least (2 at most) and monitors the market for any changes.
When and If the market shifts, the Forex Truck will attempt to close out of the trades quickly while remaining in profit or taking a small loss.
If the first part of this strategy fails, the software then goes to the second block when a situation or trade needs fixing.
Forex Truck EA Price
$277
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
Read our latest review on Davinci Fx to get a view of how other EAs work
Conclusion
After going through all aspects of this EA, we concluded that it has only done the barest minimum in convincing us that their service is good. This might be because they are new.
At the time of this writing, they do not satisfy us with gaps between what it promises and what it delivers. We will reserve judgment for now as we wait for a while for this EA to flesh out their presentation.
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