Forex Truck is a smart trading robot that works 100% automatically with two platforms: MetaTrader 4 and MetaTrader 5. The minimum recommended deposit is $2000. The recommended leverage for trading with this EA is 100:1. Forex Truck traders USDCAD currency pair. The strategy and algorithms used in our 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. By purchasing one license of our robot, you will receive both versions of the EA (MT4 and MT5) at once without any additional payments.
Expert Advisor has a special feature – it consists of two blocks that work together
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 in good profit. But if the situation on the Market changes, the 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.
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 the EA with a small increase of lot sizes, which will allow to quickly resolve the situation with unsuccessful trades. Moreover, ultimately this allows to get a profit, and not a loss.
Risk Control
In our Forex Truck robot, we have implemented a reliable system for limiting drawdowns, which will ensure the safety of your funds, and in case of failure, will not allow you to lose more than you were ready to. The EA sets StopLoss and also monitors the status of orders in real time so that, if necessary, close them by the Market (forcibly). All this works in accordance with a “risk” value specified in the settings of the EA.
| Forex Truck EA Rating | 8.88 |
|---|---|
| Developer | Forex Truck |
| Created, year | 2020 |
| Free | |
| Price, USD | 277 |
| Class | middle term |
| Type | trend |
| Lot size | not less than 1000 units per 0.1 of a standard lot |
| Deposit, USD | 2000 |
| Leverage | 100 |
| Timeframes | M30 |
| Strategies | own strategy |
| Indicators | own indicators |
| Recommended brokers | HotForex, Libertex, Exness, LegacyFX |
| Trading tool/currency pairs | USDCAD |
| Yield per annum, % | 246 |
| Max.drawdown, % per annum | 10.71 |
| Automatic account type | |
| Indicating | |
| Multiple usage | |
| Mini deposits | |
| Max risk limitation | |
| ECN | |
| NDD | |
| Several one-way series | |
| Auto start lot | |
| Fixed stop loss | |
| Fixed takeprofit | |
| Automatic lapse expansions |