TruTrade EA Review: Tru Trade is an expert advisor vendor. It was created to assist and guide traders navigate the perilous journey of trading. Is buying this TruTrade Robot 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.
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
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.
TruTrade.io EA Review
TruTrace LLC is a relatively new company, that launched in March, 2020. They don’t appear to provide any information about their development team or headquarter location
How TruTrade.io EA 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 provider despite being new has different products that ranges from EAs to indicators.
- Quantitative bot networks–the only explanation they give for this bot is that it is powered by dynamic risk management.
- Arbitrage–these bots exploit momentary volatility in the financial markets, and can be tailored to an individual’s trading style.
- TruHedge – this is some sort of hedging strategy system.
- Trend Following – this bot uses “data to search for high percentage entries allowing larger moves in the market while having the ability to scalp targets along the way.”
- Volatility Chaser – they claim this has in this has an built in money management.
- Market Ripper
- MAPRO Global
- MACD Global
- MAPRO
- MACD Pro
- Profit Taking Videos – this is not a bot, but a collection of videos to help traders with the systems. They should provide samples of these videos, because if they are anything like the videos on the website or the YouTube channel, it’s fair to say they are not helpful.
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 through our Yeti EA Review to compare and contrast the services they offer. You can also read our reviews on fxalg EA, FxPriemere, and Forex real profit.
Conclusion
After going through all aspects of this EA provider, we concluded that it has only done the barest minimum in convincing us that any of their robots are 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.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee