Gps Forex Robot 3 Review

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We don't recommend this EA !!!!

GPS forex robot (official website) is a forex trading robot which has been modified and refined in later versions, and today it claims to take a smoother profit bend, too as some customizable features. It was developed by Mark Larsen and his team of programming experts. All in all, this forex robot does have something proprietary to it, as it senses more metrics in the market place than only a simple moving average crossover, and a few momentum metrics. And so it does have some proven profitability. This robot has managed to practice fairly well in actual trading tests, and has shown indelible profitability, with an average drawdown of around 12%, when markets trade smoothly. And the ratio of winning to losing trades is actually 90 to ten or so, only certainly non 98 to two as the creators merits.

Developer – Mark Larsen

Trading Style – Trend trading, Martingale,  Stop and Reverse

Forex pairs – EURUSD,  EURCHF,  EURGBP,  USDCHF

TF (TimeFrame) – whatever

Broker – Any with MT4

Recommended Minimum deposit – $100

Price – $149

Refund policy –  60 Days Money back guarantee (through ClickBank payment processor)

GPS EA – Myfxbook statement:

Real (USD), FX Choice, Technical, Automated, 1:200 , MetaTrader 4

GPS forex robot has proven to create large amounts of profits, over several months, in the range of 10s of $1,000s, at various times, when things are relatively smooth and a large enough trading account is used. There is definitely some work and attempt that has been put in the design of the Expert Advisor this robot uses. The reality still is that it has also ruined many small accounts, ordinarily nether $i,000 accounts, where the users thought they would reach just as good results. Not exact trading settings are known for these accounts, simply they probably failed because these users failed to sympathize certain risks. So, there is an element of irony here, how can the software that generates $100k in one account, over several months, end upward bravado some other smaller accounts? It all comes downward to money management, rather than business relationship size. Forex robot users need to understand that even automated trading software is not actually fully automated, they nevertheless need to spend some time watching the market charts, and the volatility over the next ten – 20 days. Only after the volatility has been assessed, they should enable the robots to trade their accounts.

Nether shine volatility conditions, the GPS FX robot can indeed generate effortless profits day afterward day. Bodily expected  drawdown is normally up to 12%, and in agin cases up to 20%, but the robot still manages to trade profitably, albeit doing so at much college chance. So the lower the drawdown, the ameliorate, even if profitability is less.

Use of the Finish and Opposite Strategy

The GPS forex EA does use a Stop and Reverse strategy, which many traders utilize in transmission trading, at that place is nothing wrong with that. In that location is still misrepresentation in the way that the product is being marketed, claiming that it does non apply a Martingale strategy. (read more about Martingale in Forex)

There is an element of chance here, since the creators argue that at that place is no Martingale strategy involved in the software, but as y'all can clearly see the GPS forex robot uses a strategy known as Stop and Opposite. If a losing merchandise occurs, the software senses the criteria for opening a much larger trade in the opposite direction. Equally you lot tin see on the above bodily MT4 argument, the hedging trade is 7 times larger in size than the losing merchandise, that is classic Martingale strategy ;-(. So in reality there is adventure involved, that is take chances of unforeseen volatility which could play tricks the software into a series of losing trades, which would stop upwardly blowing even a very big trading business relationship completely.

The Volatility Take chances

Market volatility is a big risk for all investors and traders, at all fourth dimension frames. Unforeseen volatility can ruin even the largest trading accounts, because at that place is no piece of cake way for implementing money direction. Traders use a certain money management technique, but volatility can nonetheless flim-flam the trader or the automatic software, into making trades where the marketplace fails to move enough in i direction, or where too much confusion is created.

Conclusion

Users need to pay attending to their market charts, and volatility peculiarly. GPS forex robot is capable of blowing fifty-fifty a very large business relationship. The fact that small accounts were blown but other large accounts made large profits using this production, is more downwardly to the careful meticulous use of the large account users, in regards to volatility and settings, and non downwards to account size. It does employ a Martingale kind of strategy, which is why the robot is capable of recovering big losses, and it does it successfully most of the time, only non 100% of the time. There are times where information technology can fail catastrophically if weird volatility phenomena take place, which could trigger 1 losing trade after another, increasing the trading size each time, thereby blowing the business relationship. It is similar to arguing how big airliners fly, they practice employ a great deal of automation software, but even this automation is non enough to get you lot from A to B 100% safely. If the airliner encounters some weird turbulence at that place is a remote only still existing possibility, that it will crash. As the turbulence can fool the software, under certain weather condition, and make it do all the wrong things. Which is why despite all automation, pilots are even so in charge of all flights. It's the same with this software that the GPS forex robot uses, users need to utilize careful settings, opt for the settings that offer the lowest drawdown, at even the lowest profitability, and of form pay attending to volatility forecasts over the next x to 20 days. Dealing with volatility and being well prepared for volatility changes, volition assist remove most of the hidden risks, and will ensure realistic, profitable results all yr circular.

We don't recommend this EA !!!!

Source: https://www.profitf.com/trading-software/gps-forex-robot/

Posted by: byersfrover.blogspot.com

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