Forex Robot ReviewsPassive Income

Forex Truck Review: Is It Wise to Hand Your Trading Over to This EA?

2 Mins read
5.0

Forex Truck is an expert advisor that works with USDCAD only. The presentation talks about settings and customizations and almost nothing about how the system manages to survive. We have a claim that it is “Forex Truck Robot is your reliable truck on the highway of the Forex market.”

Forex Truck company profile

We have no company behind the service because the developers didn’t provide us with intel who they are and if their company legally exists.

The highlights of Forex Truck

The developer shares the next information about the robot:

  • The system was designed to help people with executing orders for its owner on the terminal.
  • We can work on MT4 and MT5 terminals because we will receive both copies.
  • Trading is allowed on USDCAD.
  • The advisor isn’t broker sensitive. 
  • It can be traded with fixed lot sizes.
  • It also covers all open orders with proper SL and TP levels.
  • The system tries to close with a little profit or loss when the market goes in the opposite direction.
  • The advisor includes Martingale to be used in order to recover after losses.
  • The SL levels are relevant and not deep. 

Trading results with Forex Truck

Forex Truck backtest report
Forex Truck backtest report

The presentation is featured by a USDCAD report performed on the H1 time frame. The devs picked a period of 2014-2020. The modeling quality was 90.00% and with 3 pips spreads. An initial deposit was $5000 that has become $75,759 of the total net profit. The profit factor was 1.75. The maximum drawdown was 23.42%. It has closed 1609 orders performed by EA with accuracy of 54% for short and 67% for long trades.

Forex Truck live trading results
Forex Truck live trading results

Forex Truck keeps working on a real account that was deployed on FXOpen. The system runs it automatically on MT4. We don’t have details about leverage. The account has a verified track record. It was created on January 16, 2020, and deposited at $2000. Since then, the total gain has become 632.55%. An average monthly gain is 8.46%. The maximum drawdown is 18.67%. 

Forex Truck statistics
Forex Truck statistics

Forex Truck has closed 466 orders and obtained 2795.3 pips in total. An average win is 45.38 pips when an average loss is -46.85 pips. An average accuracy is 55% for Longs and 59% for Shorts. An average trade length is two days. The profit factor is 1.94.

Forex Truck directions
Forex Truck directions

The system makes almost equally profits in both directions.

Forex Truck hourly activities
Forex Truck hourly activities

The advisor focuses on the opening orders during Asian and European trading sessions. 

Forex Truck daily activities
Forex Truck daily activities

Monday (90) and Friday (80) are the less traded days.

Forex Truck risks
Forex Truck risks

The robot works with medium risks. There’s a 7.89% chance of losing 10% of the account.

Forex Truck closed orders
Forex Truck closed orders

The advisor starts losing much more often. 

Forex Truck monthly activities
Forex Truck monthly activities
Forex Truck monthly activities
Forex Truck monthly activities

As we can see, the profitability goes down in January 2022.

Forex Truck packages

Forex Truck pricing details
Forex Truck pricing details

There’s a page of Forex Truck on the Forex Store.

Forex Truck pricing info
Forex Truck pricing info

Forex Truck can be bought for $329 for a single real account copy. The price was increased several months ago. The packages have some features: a single real account license that can be changed as many times as we need, user manual, not versions, a 30-day refund policy.

Assistance

The developers provide average support within 4-7 hours. So, it’s okay, but not the best possible.

Other notes

The system works with Grids of 2-3 orders and Martingale. This combo is pretty risky.

Is Forex Truck a reliable system?

Everyone has to decide on their own. The core con is that the system uses risky strategies which many don’t like to experience. 

Forex Truck Summary

5.0
Forex Truck is a trading solution that works with a Grid with Martingale strategy to make profits from the market moves on USDCAD. The presentation looks simple and provides no strategy or settings details. Also, we don’t have testimonials to be sure that our investments will be secured.
7.0

Performance statistics

1.0

Reviews from customers

6.0

Ease of use

4.0

Implemented strategies

7.0

Pricing

Pros

  • +A backtest report provided
  • +Trading results shown
  • +A refund policy applied
  • +The system is sold on the Forex Store

Cons

  • -No team revealed
  • -No risk advice given
  • -Risky strategies on the board
  • -No settings explanations provided
  • -No people testimonials
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