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Tested Result: testing
Forex Transporter

Updated: January 2010

Profitable: 5/10

Easy To Follow: 5/10

Honest Result: 5/10

Support: did not test support

Bonus Value: 5/10

Results: 3/5

The Good: Good backtest for 2009

The Bad: Uses some sort of martingale strategy. Long Drawdowns


The Forex Transporter EA is made by the "Next generation fx trading" company which released such EAs like forex knight rider, forex godfather, jaggernaut etc. All these EAs use the same marketing ideas: cherry picked trading screenshots, no live trading results, no complete backtest.

Here is what people say on forum about it: "Right, these guys are so busy putting new EA's on the market that they totally abandoned open issues with their previous GodFather." One more note: "This one doesn't seem to be a martingale in the traditional sense - ie increasing lot sizes to overcome a loss or losing position. This seems to simply place another trade in the same direction when there is a losing position, and aim for a larger TP. Then all these trades close together with a positive balance."

The Forex Transporter EA works on EURUSD pair and uses so called "automatic profit equalizer" which means it increases the lot sizes like in martingale strategy. You need a reasonable balance to trade it because it can get into large drawdown.

For example in my forward test it made 125.0 usd of profit trading 0.3 lot on 5000 usd account with a floating loss of -4 009 (!!!) So be careful, guys!