EA Review: Forex Cruncher

Forex Cruncher is a premium expert advisor built to make gains of 300+ percent in the four-month segments. The developers of the software claim that it started as a personal dream of their development team to become financially free. This dream ended up in the creation of this trading system, and now they believe that “it’s time to share with the world.”

The vendor (Forex Strategy Creators) does not provide us with any information about their whereabouts, or introduce us to who they are. All they tell us, is that they have 18 years of experience and over 1800 clients. Neither of these numbers are substantiated in any way, and with little to no client feedback on any of their services, it’s certainly difficult to believe that there is any truth behind the amount of clients they claim to have. This type of deception is never a positive when dealing with an automated Forex trading software. In order to get in touch with support, traders can fill out a contact form on their website. There is no direct email address, or phone number available.

Forex Cruncher Review

This developers of the Forex Cruncher want traders to stop wasting money on get rich quick schemes, and focus on a professional trading solution. They believe that their software is that solution, because of their over 10 years of trading experience “combined with more than 5 years of programming, live testing and optimization.” The vendor talks a lot game, so hopefully they are able to back it up when it comes to trading results section of this review. If you want to be one of the best Forex robots, you have to be able to prove your trading experience, and prove your live testing, not just tell us that you did it.

Main Features

There are 11 different features that the Forex Cruncher group want to get across to the community.

These features include an extremely low drawdown, easy control risk settings, consistent profit since 2000, and a risk-free 60 day moneyback guarantee. They also put an emphasis on their effective money management system, their unique breakout algorithm, and their user-friendly approach to trade.

The vendor also want the community to be aware that the software utilizes no martingale techniques, no lagging indicators and focuses on a price action trading strategy. The strategy is not elaborated on in any real detail, but there are a few things that we do know. The system will open to trades at a time, with an extremely tight stoploss in conjunction with their unique breakout algorithm based on price action foundation.

They keep their risk reward ratio at 1:2, and promise that their money management system will always keep your capital protected. This type of risk management is much in line with the Equity Sentry EA we reviewed a few days ago, despite being a very different type of trading system.

Robot Analysis

• Type: Forex Robot
• Price: $99
• Strategy: Breakout/Price Action
• Timeframe: Undisclosed
• Pairs: GBPUSD, AUDUSD, USDJPY

The Forex Cruncher is priced reasonably at $99 for lifetime membership. The vendors claim that the original price of the software is $199, but there is a temporary $100 discount making this more affordable for short period of time. Considering we visited this website a couple of months ago and saw the exact same author, is likely that the software will always be priced $99, and is just a marketing mechanism.

There doesn’t seem to be much of an explanation of what you get when you purchase the software, but we assume you get access to the expert advisor, some sort of installation guide and a single license. It’s odd that the developer is not telling traders how many licenses they get with the software.

Trading Results

The creators of the Forex Cruncher software make pretty aggressive claims about their lives testing process, the trading results of the website are simply inadequate. The developers provide multiple back tests that show the performance from January 2012, to October 2018. These back tests aren’t even totally reliable, because they are not provided full.

Regardless, even if the back tests are totally transparent, they are just back tests, and don’t even go all the way to 2019.

Despite promises of live testing, there are no live or even demo trading results provided by the vendor. There is no excuse in 2019 for no longform statements, or Myfxbook accounts. The vendor definitely needs to start providing more transparent results like Pattern Trader Pro, and avoid becoming a no result product vendor like Rob Booker.

Conclusion

Until there are any real or demo trading results, it’s hard to take the Forex Cruncher robot seriously.

If you have anything you like to add to the review, please leave your questions and remarks below the article now.