Trading advisors are special programs designed for trading in the Forex market. The software first performs a detailed technical analysis of the current state of the market and then executes all the necessary trading transactions. The direct participation of the trader is not obligatory during this process. Also, profitable robots can simply provide the user with signals to buy or sell assets. The trader only has to decide whether to trade or not.
In this article we will talk in detail about one of the most popular advisors — Forex Truck EA, explaining its main features and advantages. Let’s begin.
How To Choose An Expert Advisor?
First of all, you need to decide why you need such software. If you are only looking for trading signals and want to make orders by yourself, you can look for a simple robot. And if you want to fully automate the processes, the more expensive Expert Advisors will perfectly suit you. It is worth paying attention to the functionality, cost, and basic characteristics like profit percentage, reviews, and rating of the advisor. Together, all of this will help you decide on the best choice.
Types of Trading Advisors
There are several types of Forex expert assistants. Here are the main ones:
Informational
Analyze news, investment ideas, and various statistical information that can be used for transactions.
Auxiliary
Can place orders to enter into a position, set Stop Loss, and Take Profit. They can conduct different calculations, show the schedule of sessions and perform other similar functions.
Capital Management
Help control the risk of each bid can monitor the drawdown and the daily loss rate.
Signal
Can inform traders about the moments when the chosen strategy has formed a suitable moment for the transaction.
Automatic
Can independently find entry points, open transactions, control capital, and close positions.
Forex Truck EA Key Data
Today, you can buy Forex Truck EA for only $329, while the cost of other assistants can go up to a thousand dollars. For this small amount of money, the creators guarantee a monthly growth of around 570%. It should be noted that this robot became available to customers only two years ago, but it has already shown good results in such a small period of time. This is confirmed by numerous reviews and an average rating of 9.3 out of 10. The Assistant works fully automatically so you do not need to sit in front of your computer all the time.
It is compatible with MetaTrader 4/5 and it is also possible to customize the settings in a very detailed way. In case of any questions, you can easily contact the 24-hour support service. If the user is not satisfied with the Advisor, it is possible to get a full refund within 30 days.
The Advantages of Forex Truck EA
Automated trade
Forex Truck EA does not need human support in opening deals — it can do it automatically, without side intervention.
Instancy of operations
Forex Truck EA performs operations within seconds, while a real trader often needs more time. This advantage becomes especially relevant during intense market movements when quotes may change by several points in a second. It is difficult for a human to analyze the market and the chart in such a short period of time, but a trading robot can easily do it.
Precise calculations
Forex trading robot is free of the human factor, which causes mistakes during the market analysis. A computer program avoids such mistakes as entering into a deal with 1 lot instead of 0.1. The accuracy of advisors minimizes all risks.
Multitasking
Forex Truck EA provides traders with a number of additional features: various reports, statistics, and the ability to configure the robot.
Conclusion
According to statistics, only 12% of the total number of Forex traders are real people, while 88% are trading robots. And there is no wonder because even the most emotionally stable person after a while will get tired of constant stress, risk-taking, and fear of losing money. An expert advisor, on the contrary, will never make mistakes.
Forex Truck EA is also a very useful and profitable trading robot that has already been installed by tens of thousands of users from all over the world. It not only facilitates the process of trading in Forex but can fully automate all the necessary actions. If you are thinking about using this assistant, you can confidently do so.