Expert Advisor
4.6/5
11 total votes.

Forex Truck is a smart trading robot that works 100% automatically.

Trading Idea

Forex Truck Expert Advisor has a special feature - it consists of two blocks that work together in addition to risk control.

The strategy and algorithms used in the EA made it possible to achieve full compatibility with any broker, so there is no need to select a broker with special trading conditions - any broker will do.

Specifications

License

One account (real or demo with unlimited possibility to change the account number), licensed for life.

Broker / VPS

Forex Truck is fully compatible with any broker. While in order to get the best achievable stability and profitability, we recommend using Golden Pickaxe on Tickmill Forex brokers in conjunction with TradingFX VPS Forex VPS.

MT5 Version

Forex Truck has versions that can run on MetaTrader 4 & MetaTrader 5.

User Guide

A detailed user manual is included.

Support

High-quality and friendly technical support 24/7.

Refund Policy

30 Days money back guarantee by Forex Truck EA vendor.

Supported Currency Pairs

USDCAD

MetaTrader Chart Timeframe

H1

MyFxBook Verified Real Money Trading Result Statement

Real Money Account
Started On
Jan 16, 2020
Leverage
MetaTrader 4
Broker
FXOpen
Starting Balance
$2000
Total Gain
+933.40%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Jan 16, 2020
Account Leverage
MetaTrader 4
Profit Factor
1.99
Total Gain
+933.40%
Absolute Gain
+933.40%
Monthly Gain
6.21%
Daily Gain
0.20%
Total Pips
4,500.6
Total Trades
748
Profit Amount
$18,668.06
(%) Won Trades
4,500.6
Drawdown
18.67%

90% Modelling Quality Tick Data Backtests

View Full Backtest

Backtests Settings

Symbol
USDCAD (US Dollar vs Canadian Dollar)
Period
1 Hour (H1) 2014.01.07 00:00 - 2020.08.28 23:46 (2014.01.07 - 2020.09.01)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2466668
Ticks modelled
10322358
Modelling quality
90.00%
Initial Deposit
$1000.00
Spread
Current (3)

Backtests Results

Total net profit
11776247.85
Gross profit
25529034.88
Gross loss
-13752787.03
Profit factor
1.86
Expected payoff
7282.78
Absolute Bal DD
648.53
Maximal Bal DD
3651798.31 (35.65%)
Relative Bal DD
87.84% (67965.35)
Total Trades
1617
Short positions (won %)
856 (55.14%)
Long positions (won %)
761 (67.81%)
Profit trades (% of total)
988 (61.10%)
Loss trades (% of total)
629 (38.90%)
Largest Profit trade
1204412.46
Largest Loss trade
-640548.20
Average Profit trade
25839.10
Average Loss trade
-21864.53
Maximum consecutive wins (profit in money)
10 (12376.61)
Maximum consecutive losses (loss in money)
6 (-1158911.20)
Maximal consecutive profit (count of wins)
1429816.63 (9)
Maximal consecutive loss (count of losses)
-1158911.20 (6)
Avarage consecutive wins
2
Avarage consecutive losses
2
View Full Backtest

Backtests Settings

Symbol
USDCAD (US Dollar vs Canadian Dollar)
Period
1 Hour (H1) 2014.01.07 00:00 - 2020.08.28 23:46 (2014.01.07 - 2020.09.01)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2466668
Ticks modelled
10322358
Modelling quality
90.00%
Initial Deposit
$5000.00
Spread
Current (3)

Backtests Results

Total net profit
75759.40
Gross profit
177400.31
Gross loss
-101640.91
Profit factor
1.75
Expected payoff
47.08
Absolute Bal DD
845.74
Maximal Bal DD
12283.96 (23.42%)
Relative Bal DD
28.93% (1690.84)
Total Trades
1609
Short positions (won %)
852 (54.93%)
Long positions (won %)
757 (67.64%)
Profit trades (% of total)
980 (60.91%)
Loss trades (% of total)
629 (39.09%)
Largest Profit trade
4152.47
Largest Loss trade
-2442.77
Average Profit trade
181.02
Average Loss trade
-161.59
Maximum consecutive wins (profit in money)
10 (605.77)
Maximum consecutive losses (loss in money)
6 (-2628.74)
Maximal consecutive profit (count of wins)
4738.37 (3)
Maximal consecutive loss (count of losses)
-4248.63 (4)
Avarage consecutive wins
2
Avarage consecutive losses
2

Trading Strategy

First Block

The first block is responsible for opening orders. It finds good entry points and only uses a fixed lot. Sometimes it opens only one order, and sometimes it can open the second one, depending on the signals of the algorithm.

One way or another, the first block accompanies each trade and tries to close it with good profit. But if the situation in the Market changes, Forex Truck EA does everything possible to close trades in a small profit, or even in a small loss, in order to avoid prolonged drawdowns.

In most cases, the first block does an excellent job, but if the situation goes beyond the usual for this block, then the second block gets involved.

Second Block

The second block comes into operation only if the situation for the first one looks difficult to fix, and has already been going on for some time.

This block is designed to quickly fix everything and close all trades in total profit. The algorithm of this block resorts to opening additional orders based on the Market situation. These orders could be opened by Forex Truck EA with a small increase in lot sizes, which will allow us to quickly resolve the situation with unsuccessful trades. Moreover, ultimately this allows getting a profit, and not a loss.

Risk Control

In Forex Truck robot, the developers have implemented a reliable system for limiting drawdowns, which will ensure the safety of your funds, and in case of failure, will not allow loss of more than what you were ready to. The EA sets StopLoss and also monitors the status of orders in real-time so that, if necessary, closes them by the Market (forcibly).

All this works in accordance with a “risk” value specified in the settings of the EA.

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.