Forex Truck Review

by FX EA Review
Forex Truck

We’d like to talk about a Forex Truck robot. It’s another robot that was designed by Forex Store devs in 2020. This time it’s for USD/CAD.

Forex Truck: To Trust or Not to Trust?

We’re not sure about this because the robot is so young to be convinced that it won’t blow out the account.

Features

Let’s talk about its strategy and settings:

  • The robot trades automatically on the MetaTrader 4 and MetaTrader 5 platform.
  • It works only with USD/CAD.
  • We can run the EA on any broker we want.
  • The system works with a fixed Lot Size to open trades as soon as an opportunity appears.
  • It can open a second order if the market conditions allow.
  • If the market goes the wrong way, the system tries to close the deal with a little profit or little loss.
  • The system uses Martingale trades with increased Lot Sizes to recover after losses.
  • It sets Stop Loss levels to cover deals from losing more than we can afford.
  • The EA can close deals if the market conditions change.
Forex Truck Features
Forex Truck price

We’ve got a Christmas sale. The robot costs $235 instead of $277. The pack includes a single license for any account. We can change it as many times as we want. The pack includes a detailed user guide and 24/7 support.

Forex Truck refund

From Forex Store, we know that there’s a weird money-back guarantee. If we lose more than 35%, we can expect to get it.

Verified Trading Results

Forex Truck Verified Trading Results

We’ve got a USD/CAD backtest on the H1 time frame. The modeling quality was 90.00%. The spreads were tight – 3 pips. An initial deposit was $5000. The total er profit has become $75k. The Profit Factor was 1.75. The maximum drawdown was 23.42%. The EA closed 1609 deals. Short positions win-rate was 54%, Long positions win-rate was 67%. 

Forex Truck Myfxbook

The EA runs a real USD account on FXOpen automatically without leverage. It uses technical indicators from the MetaTrader 4 platform. The track record of this account is verified. It was created on January 16, 2020, and funded at $2000. Since then, the absolute gain is 299.58%. An average monthly gain is 13.10%. The maximum drawdown is 23.08%. Four traders track this account.

Forex Truck advanced statistics

Forex Truck closed 227 deals with 1860 pips. An average win is 46.01 pips when an average loss is -48.32 pips. The win rate is 60% for Longs and 58% for Shorts. An average trade length is two days. The Profit Factor is 2.23.

Forex Truck trading results

The EA trades Longs and Shorts directions equally by profits and closed deals.

Forex Truck trading results

The robot trades the opening of the Asian and all hours of the European sessions.

Forex Truck trading results

The less traded day is Wednesday – 37 open deals.

Forex Truck trading results

The EA works with little risk to the account balance.

Forex Truck trading results

The robot increases Lot Sizes from 0.17 to 0.70 to recover after losses.

Forex Truck monthly gain

The profitability varies so much month to month from 1.57% to 25% monthly.

High Drawdown

Forex Truck Drawdown

The drawdowns are small and not consistent. 

Vendor Transparency

Forex Truck Vendor Transparency

There’s no high level of transparency because we can’t check open trades. The developers’ profiles and portfolios are hidden, as it usually happens for Forex Store products.

Testimonials and mentions

The company doesn’t have a profile on Forex Peace Army or TrustPilot. The vendor avoids publishing about the product on these sites. There’s a page on Forex Store, but there are no customer testimonials. 

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2 comments

eve ren May 22, 2021 - 3:46 pm

i bought it a month ago ,this ea has no strategy . it is a martingale system . no entry statey at all . i asked for a refund . a countertrend martingale system . not worth of a penny .

Reply
Hans May 8, 2021 - 7:27 am

Hello I have been using the forex truck for about 10 months. This EA is not as secure as the Forexstore shows. He’s had a drawdown in those 10 months. But this is not visible on Myfxbook. My opinion is that this EA is a scam. And I only used it on a demo account.

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