In this ForexTruck review, we’ll go over all you have to know about ForexTruck, from how it works to whether it’s the right choice.
ForexTruck is capable of operating completely independently, which means without any intervention from the trader. It is fully compatible with all brokers on the market, and it supports both MT4 and MT5 trading platforms. This ForexTruck review will discuss its trading strategy and amazing features.
What Is ForexTruck?
ForexTruck is a sophisticated trading robot that operates entirely on its own initiative. Because of the method and algorithms employed in this EA, it was possible to achieve complete compatibility with all brokers, eliminating the need to choose a broker that offered particular trading circumstances.
Furthermore, the forex truck has been designed in such a manner that it can be used with two different trading platforms: MT4 and MT5. As a result, by acquiring a single license for this trading robot, you will get both versions of this expert advisor at the same time and without having to make any further payments.
ForexTruck Trading Strategies
This expert advisor trading strategy consists of 2 blocks that work together to provide assistance. In the first block, orders are opened by searching for good entry points with a fixed lot of only one.
A single order is sometimes initiated, and a second order may be initiated based on the signals received from the algorithm. If the market situation changes, the EA will attempt to close trades with a minor profit or loss.
When market conditions are out of the ordinary, the second block is brought into the scene. After all, trades have been completed in profit, the vendor claims, this block will resolve any issues that were not resolved by the previous block.
It places further orders based on the current market situation. Increasing the order’s lot sizes is an attempt to recuperate losses that have occurred in the past.
Live Trading Account Of ForexTruck
We have tested the ForexTruck trading robot for the live trading, and we found the result very impressive. ForexTruck, has been recorded in a genuine trading account on the Myfxbook website for your convenience.
As of 16 January 2020, the Expert Advisor has placed four hundred and fifty-eight trades through the Myfxbook account, winning 57 percent of them and accruing a gross value of $12,540.11 over that time period.
In contrast to the backtest, the success rate is relatively low. The drawdown is somewhat lower in this case, at 18.67 percent, while the profit ratio is slightly larger, at 1.94 percent. It has made 0.28 percent daily and 8.79 percent monthly gains.
The developers have built a dependable technique for limiting drawdowns in their ForexTruck robot, which will protect the safety of your assets and, in the event of a failure, will prevent you from losing more money than you were prepared to lose.
The EA establishes a stop loss, and orders are monitored in real-time, and if needed, they can be closed by the Markets (forcibly). All of this fully complies with a “risk” number that has been selected in the EA’s settings.
The current pricing of this expert adviser is $329, which is in line with the market price for Forex trading robots in the present market. By acquiring ForexTruck, you will get access to a lifetime license that can be used with any account type.
Yu can upgrade the account as much times as you want without paying any extra charges. Users will receive a comprehensive user manual from the vendor, offering a thirty-day money-back guarantee.
The forexTruck expert advisor provides pleasant technical support to all users 24 hours a day, seven days a week. However, the only option to get in touch with the customer service team is to use the online form on the company’s official website. You must complete the form before a member of the customer service staff contacts you.
The ForexTruck has left a favorable first impression on many traders. The live account service provided is outstanding. Without a doubt, this forex trading robot is profitable for traders.