Forex Truck is our robot to review. Welcome to read it! The site design looks typically for a “powered-by-Forex-Store” robot. It’s hard to mix this up with something different.
Detailed Forex Robot Review
Let’s talk about Forex Truck’s features, settings, and other useful info:
- We’ve got an expert advisor that trades a USD/CAD pair automatically.
- The EA can work with any broker.
- The robot is designed for MT4 and MT5 platforms.
- The EA calculates Entry Point automatically, trading with fixed Lot Size.
- It can open several orders if the market condition allows being profitable.
- If something goes wrong, the EA tries to close a deal with little profit or little loss.
- The EA uses Martingale to recover after losses.
As we can see, there’s little info about the robot’s functionality.
Forex Truck Strategy Tests
Forex Truck has two backtests: aggressive and conservative. This one is conservative. It’s on the H1 time frame for six years and almost eight months. The modeling quality was 90.00%, and spreads were ECN-ones (3 pips). An initial deposit of $5000 has become $75759 of the total net profit. The Profit Factor was 1.75. The maximum drawdown was 23.42%. The robot closed 1609 trades with a mediocre win-rate: 54% for Shorts and 67% for Longs.
Real Account Trading Results
It’s a real USD account of Forex Truck on FXOpen. The EA trades automatically, using Technical indicators on the MetaTrader 4 platform. This account has a verified track record. It was created on January 16, 2020, and deposited at $2000. Since then, the absolute gain has become +281.61%. An average monthly gain is +13.42%. The maximum drawdown was 23.08%. Thirty-six traders track the EA’s results.
It closed 213 deals with 1787 pips. An average win (46.76 pips) equals an average loss (-49.39 pips). The win-rate is low: for Longs, it’s 62%, and for Shorts, it’s only 57%. An average trade length is two days. The Profit Factor is 2.24.
The EA trades both directions equally by a number of trades and profits.
The EA trades almost all day equally with little drawdowns during the mid of the European session and the end of the American one.
As usual, Friday has fewer open trades.
The robot runs the account with medium risks to the account balance.
As we can see, there’s no conservative Martingale at all. Lot Sizing was increased almost five times on the USD/CAD order from November 9, 13:52.
The EA keeps order that was opened in both directions almost until the end.
For Forex Truck, this year is profitable so far.
Forex Truck costs $277 for a copy. The pack includes one real-account license for any account, an unlimited number of changes license, MT4 and MT5 copy of a product, user guide, and 24/7 support. There’s a 30-day money-back guarantee on the board.
The developers didn’t manage to gather up people’s testimonials in addition to the chapter of the presentation. As well, there’s no page on FPA or TrustPilot.
Everything we have is a rate on Forex Store. We’d be surprised if they set a lower rate for their own robot.
Forex Truck keeps many questions up. There is no data about the main strategy, and this is crucial for us.
The robot uses risky strategies like Grid and Martingale, trading with such a low win-rate. Sooner or later, most likely sooner, the EA will have a losing row of Martingale deals. There are no comments about the EA across the web.
Forex Truck has an R-rate of Forex Store, but there’s no feedback anywhere. Something’s wrong with this, right? That rated robots are well-represented on the web by users’ testimonials.