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.
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.
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|
|Yield per annum||246%|
|Max drawdown per annum||10.71%|
|Lot size||not less than 1000 units per 0.1 of a standard lot|
|Recommended brokers||HotForex, Libertex, Exness, LegacyFX|
|Trading tool/currency pairs||USDCAD|
|Automatic account type|
|Max risk limitation|
|Several one-way series|
|Auto start lot|
|Fixed stop loss|
|Automatic lapse expansions|
|3||FX Classic Trader||335%|
|1||Metatrader 5 Trading Platform|
|2||MetaTrader 4 Trading Platform|
|3||cTrader Trading Platform|
|5||MetaTrader 5 Mobile Trading Platform|
|6||MetaTrader 4 Mobile Trading Platform|
|8||ZuluTrade Trading Platform|
RatingsForex Brokers Expert Advisors Trading Platforms Cryptocurrencies
Forex BrokersReviews & Comments Low Spread Brokers MT5 Brokers MT4 Brokers Bitcoin Brokers PayPal Brokers Scalping Brokers Best Forex Brokers Top Forex Brokers Compare Brokers How to Choose Open Forex Account
© 2006-2021 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.