WeTalkTrade is a company selling a wide range of Forex trading tools. Among them is a free live Forex signals app. This system delivers instant notifications on signal updates and keeps you up to date with the latest market movements.
The Basic plan for this signal provider is free. It does not include copy trading features, has an average success rate, and comes with limited support. The Premium plan costs $79.99 per month and includes hassle-free copy trading, 24/7 live support, and a high success rate. There is no refund policy in place for this plan.
WeTalkTrade trading strategy
On this platform, you get a clear picture of all the shared signals, along with the minute details. You can effortlessly check between the signals that are currently active and the ones that have been closed recently. The platform sends you push notification alerts whenever there is a signal update. You can check on the latest updates without running the app. It is possible to receive notifications only for the pairs you are interested in.
This signal provider comes with an economic calendar that outlines the economic news releases of various countries. You also get to know about the impact these releases have on the price of Forex assets. This helps you forecast future price movements.
The system runs for 24 hours a day, five days a week. Each and every signal is the result of thorough analyses performed by experts. There is no fixed timezone or interval. The signal count depends on the market movements for a particular day. On average, you get around 4-6 signals every day.
You can subscribe to the services of this signals provider using a mobile or web app. Those who subscribe to the Premium signals are placed in an auto-renewal plan. They will be charged automatically once the monthly cycle is renewed. To cancel, you need to send a request 24-48 hours prior to the next renewal date.
Unfortunately, the vendor has not explained the trading strategies used to generate the signals. As such, we cannot determine whether they are suited to any particular trading style.
WeTalkTrade features
For each signal, WeTalkTrade uses stop loss and multiple take profit levels. The take profit values are known as intermediate target levels. When the first take profit value is reached, you can partially close the order. The vendor advises updating the stop loss level to the entry of the trade once the first take profit has been reached. This app is available on different platforms like iOS, Android, and Windows.
You can drastically reduce manual effort by enabling copy trading on Metatrader 4 or Metatrader 5. This way, the signals will be executed automatically on your account. The vendor claims that the average success rate for the signals is 80%. Most of the signals cover EUR, USD, and other major pairs. According to the developer, the Premium signals offer more than 2000 pips on a monthly basis, while the Free signals offer unstable profits.
WeTalkTrade backtesting results
Backtests are important for automated trading systems. They test the performance of the system using historical conditions. Since they go on for several years, they test the ability of the robot to deal with different conditions. Because this is not an expert advisor, the vendor has not shared the backtesting results.
WeTalkTrade live trading results
Unfortunately, the vendor has not shared the live trading results in any format. Verified trading statistics reveal important performance parameters like profitability, drawdown, and profit factor. Without verified trading statistics, it is impossible for us to assess the profitability of the system.
WeTalkTrade reputation
WeTalkTrade was established in 2009. The company is based in Wilmington, Delaware, USA. We have the official email address as well as the physical address of the headquarters. The vendor has not shared the details of the analysts who generate the signals. Other products from this company include the Pipbreaker Indicator, the MT4 Session Indicator, and the Expert Trading Panel EA.
On the Trustpilot website, there are several user reviews for this signals provider. More than one user has expressed their dissatisfaction with this service, stating the customer support is not up to the mark.
WeTalkTrade review summary
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 6/10
- Pricing – 6/10
WeTalkTrade is a signals provider for which there are no verified trading statistics. As such, we don’t know whether it is capable of delivering profitable signals. The vendor does not offer a money-back guarantee for the Premium plan. Also, there is not enough background information on the parent company.
