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Forex Truck Review: Is It a Good Investment Decision In 2022?

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Forex Truck

Forex Truck is an expert advisor that focuses on trading USDCAD only. The presentation hasn’t been changed for several years. Unfortunately, there is no information about the  developers, their trading experience or whereabouts provided. We don’t know if the company was legally registered before designing this robot.

The presentation looks average and includes some details about how the system is going to work for us on the terminal.

  • We can work with the robot on both MT4 and MT5 platforms.
  • The system trades USDCAD.
  • We can work with it on any broker.
  • It trades with fixed lot sizes only.
  • If a trading  opportunity appears, it places an order.
  • The system can place an extra order if the market goes in the proper direction.
  • If the market goes in the wrong direction, it closes orders quickly.
  • The system uses Martingale trades with increased Lot Sizes to recover after losses.
  • It covers orders with proper levels of Stop Losses.

Trading strategies and currency pairs

  • We don’t know about the main strategies.
  • We can work with USDCAD.
  • There are no details about time frames.
Forex Truck backtest report

Forex Truck backtest report

The presentation includes a USD/CAD report on the H1 time frame on six years of tick data. The modeling quality was 90.00% with 3-pip spreads. An initial deposit was $5000. The total net profit has become $75,759. The profit factor was 1.75. The maximum drawdown was 23.42%. This system executed 609 deals with a win rate of 54% for shorts and 67% for longs.

Forex Truck trading statistics

Live trading results

Live trading results

The system runs a real USD account on FXOpen without leverage automatically on the MetaTrader 4 platform. The account has a verified track record. It was created on January 16, 2020, and funded at $2000. Since then, the absolute gain has become 626.92%. An average monthly gain is 8.59%. The maximum drawdown is 18.67%. The trading results are tracked by 136 traders.

Forex Truck trading statistics

Forex Truck trading statistics

There were 459 deals with 2716.9 pips gained. An average win is 45.54 pips when an average loss is -47.24 pips. The win rate is 55% for long and 58% for short trading positions. An average trade length is two days. The profit factor is 1.94.

Trading directions

Trading directions

The advisor trades in both directions equally.

Forex Truck hourly activities

Forex Truck hourly activities

It works during Asian and European sessions.

Forex Truck daily activities

Forex Truck daily activities

Friday with 80 orders is the less traded day.

Forex Truck risks

Forex Truck risks

It works with medium risks to the account balance.

Forex Truck closed orders

Forex Truck closed orders

It opens orders with Martingale if they are united in a Grid.

Forex Truck monthly activities

Forex Truck monthly activities

The last three months of 2021 weren’t traded well.

Pricing and refund

Forex Truck pricing

Forex Truck pricing

The package comes for $329. At the beginning of 2021, the price was a little bit lower at $277. The real account can be changed as many times as we want. There’s support provided. If we don’t know anything we can follow a user manual. We can rely on a standard 30-day refund policy.

What else you should know about Forex Truck

We would like to note that the devs didn’t increase account balance to make more profits. This looks suspicious. There can be something wrong with the system.

Forex Truck Conclusion

4.8

Forex Truck is a single-pair trading advisor that helps traders to make profits under real market conditions. The price was increased a bit this year. We don’t know if the robot works well on other accounts and broker houses because we have no testimonials written.

  • Price - 7/10
  • Strategy - 4/10
  • Trading Results - 8/10
  • Vendor Transparency - 2/10
  • Customer Reviews -1/10
  • Support - 7/10

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