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What is Forex Truck?

Forex Truck is an autonomous trading robot that functions independently without the need for manual intervention. With its cutting-edge strategies and algorithms, it can easily integrate with any broker, eliminating the need to search for one with specific trading conditions—any broker works perfectly fine. Furthermore, Forex Truck is designed to be compatible with both MetaTrader 4 and MetaTrader 5 platforms, allowing users who purchase a single license to access both versions (MT4 and MT5) at no additional cost. The first aspect of this system is centered around executing trades by pinpointing optimal entry points while using a fixed lot size. Based on the signals generated by its algorithm, it can either execute a single order or place a second one, ensuring that every trade is continuously monitored to maximize potential profits. This remarkable level of automation and adaptability truly distinguishes Forex Truck in the trading landscape, making it an appealing choice for both novice and experienced traders alike. As a result, users can expect a more efficient trading experience with reduced manual oversight.

What is EA LAB?

EA LAB, known as MT5 Robot Lab, focuses on developing customizable Expert Advisors (EAs) for MetaTrader 5, offering a diverse collection of trading robots that incorporate various rule-based strategies. Each trading robot features a dedicated product page that outlines the strategy's logic, entry and exit points, filters, risk management techniques, configuration options, installation steps, licensing details, and any applicable limitations. Users can seamlessly install an EA in their MT5 platform, adjust its settings, perform backtesting with the MT5 Strategy Tester, and review sample reports prior to experimenting with configurations on a demo account. Furthermore, EA LAB provides an abundance of educational materials about trading strategies, backtesting practices, optimization methods, and effective risk management approaches. The availability of features, readiness for deployment, accompanying documentation, and pricing may differ based on the specific EA. While EA LAB delivers software solutions and valuable learning resources, it does not provide account management services or guarantee any profits. It is crucial to acknowledge that trading involves significant risks, including the possibility of financial loss, and previous outcomes do not predict future performance. Therefore, users must fully comprehend the risks associated with trading before engaging in such activities, ensuring they are adequately prepared for the challenges ahead.

Media

Media

Integrations Supported

MetaTrader 5
MetaTrader 4

Integrations Supported

MetaTrader 5

API Availability

API Availability

Has API

Pricing Information

$329 one-time payment

Pricing Information

€0
Free MT5 robots are available, and paid robots are priced individually. The Annual Library Pass costs €395.00 for 12 months of access. TradingView and cTrader adaptations cost €24.95 per robot per platform.
Free Version

Supported Platforms

SaaS
Windows
Mac
Linux

Supported Platforms

Windows

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

Forex Truck

Company Website

forextruck.com

Company Facts

Organization Name

MT5 Robot Lab

Company Location

Poland

Company Website

ea-lab.dev/

Categories and Features

Forex Robots

Not specified

Categories and Features

Forex Robots

Not specified

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