Forex Truck Robot Review – Compare The Best Forex Robots 2023

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On this page you can read a detailed look into Forex Truck Robot. We aim to provide you with the updated information about various forex EAs products. Check the complete list of reviews here

Forex Truck is an automated trading robot that works with both MT4 and MT5 trading platforms. The forex robot trades one currency pair -USD/CAD, and the recommended minimum deposit is 2000 USD.

Forex Truck is broker independent, and with its purchase, you will receive both MT4 and MT5 versions. This review will break down the EA’s features, the trading strategy, and the performance results.

Forex Truck Features Review

Forex Truck is a new product on the market, launched in 2020. What is interesting about this forex robot is the so-called “block system”.

The first block is responsible for locating good entry points and opening orders. It uses a fixed lot. Depending on the signals, the algorithm can open just one order or a second one after it. The block also includes an algorithm set to prevent prolonged drawdowns.

If the first block is unable to manage the market situation, the second block steps in. It is designed to act in case of emergency. The second block works to fix the problem and to try closing the trades on profit.

Forex Truck trades in the time frame of 30 minutes, and it works only with one major currency pair – USD/CAD. Traders often prefer major currency pairs as they provide high liquidity and reasonable spreads.

There is no information about the developers of Forex Truck. Our research showed the these EAs is created and owned by the Forex Store, a company located in Arizona, USA. Forex Store is behind some other known forex robot, including FX Stabilizer and FX Track Pro.

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Forex Truck Performance Results Review

On Forex Truck’s official website, the developer has shared the performance results from their verified myfxbook. The account is just over a year old. Therefore you should keep in mind that the provided results so far is by no means any indication of future results.

According to the provided data, the Forex Truck account’s overall gain is +386.84%, and the drawdown is 23.08%. This statistic means that the EA has managed to trade somehow safe within this period and still managed to gain a good profit. That indicates good reliability.

Forex Truck Conclusion

Based on the innovative block feature and the good results shown on the myfxbook account, we can say that Forex Truck has some potential. The product comes with 30 days money-back guarantee, and it is at a reasonable price – 277 USD

Advantages:

► Verified myfxbook account

► Innovative block features system

Disadvantages:

► Still, not enough performance results data

► No customer feedback

► Only one currency pair to trade

Was this Forex Truck Robot’s detailed look useful for you? Don’t forget to check the complete list of forex EAs reviews here