Table of contents.
GPS Forex Robot (official website) is a foreign currency trading robot that has been modified and refined in later variations, and as we speak it claims to have a smoother revenue curve, in addition to some customizable options.
It was developed by Mark Larsen and his workforce of programming specialists. All in all, this foreign exchange robotic does have one thing proprietary to it because it senses extra metrics out there than only an easy-shifting common crossover, and some momentum metrics. So it does have some confirmed profitability.
This robotic has managed to do pretty properly in precise buying and selling checks and has proven enduring profitability, with a median drawdown of around 12%, when markets commerce easily. And the ratio of successful to dropping trades is definitely 90 to 10 or so, however definitely not 98 to 2 because the creators declare.
This foreign exchange robotic (EA) has been around for nearly 10 years and it has definitely stood the test of time. On their gross sales web page, you’ll be able to see that they’ve varied verified buying and selling accounts that have made substantial income. Not solely that, however, the accounts haven’t been manipulated or altered, and a few present incomes going again eight years or extra (when earlier variations had been being launched).
It’s vital to see varied verified sources of an extended buying and selling historical past. Many different foreign exchange robots cover their previous efficiency as a result of the bot will undergo big losses as market situations change and subsequently, they’ll present a full historical past. As we will talk about, it’s not simply on the GPS Forex Robot gross sales web page the place we will discover a lengthy observer file, however, their outcomes have been confirmed in varied third-social gathering sources. You’ll see as we undergo this evaluation that GPS Foreign exchange Robotic three is extremely good worth at simply $149!
Developer – Mark Larsen
Buying and selling Fashion – Development buying and selling, Martingale, Cease and Reverse
Foreign exchange pairs – EURUSD, EURCHF, EURGBP, USDCHF
TF (TimeFrame) – any
Dealer – Any with MT4
Really helpful Minimal deposit – $100
Worth – $149
Refund coverage – 60 Days A refund assure (by way of ClickBank fee processor)
GPS EA – Myfxbook assertion:
Actual (USD), FX Selection, Technical, Automated, 1:200 , MetaTrader 4
GPS Forex Robot has confirmed to create giant quantities of income, over a number of months, within the vary of 10s of $1,000s, on varied occasions, when issues are comparatively clean and a big sufficient buying and selling account is used.
There’s positively some work and energy that has been put within the design of the Knowledgeable Advisor this robotic makes use of. The fact nevertheless is that it has additionally ruined many small accounts, normally underneath $1,000 accounts, the place the customers thought they might obtain simply pretty much as good outcomes.
Not precise buying and selling settings are recognized for these accounts, however, they most likely failed as a result of these customers failing to know the dangers. So, there is a component of irony right here, how can the software program that generates $100okay in a single account, over a number of months, find itself blowing another smaller account? All of it comes right down to cash administration, fairly than account measurement.
Foreign exchange robotic customers want to know that even automated buying and selling software programs just aren’t actually absolutely automated, they nonetheless must spend a while watching the market charts, and the volatility over the following 10 – 20 days. Solely after the volatility has been assessed, they need to allow the robots to commerce their accounts.
Beneath clean volatility situations, the GPS Forex Robot can certainly generate easy income day after day. Precisely anticipated drawdown is normally as much as 12%, and in hostile circumstances as much as 20%, however, the robotic nonetheless manages to commerce profitably, albeit doing so at a much larger threat. So the decrease in the drawdown, the higher, even when profitability is much less.
Use of the Cease and Reverse Technique
The GPS foreign exchange EA does use a Cease and Reverse technique, which many merchants use in handbook buying and selling, there’s nothing unsuitable with that. There’s nevertheless misrepresentation in the way in which the product is being marketed, claiming that it doesn’t use a Martingale technique. (learn extra about Martingale in Foreign exchange).
There is a component of threat right here because the creators argue that there isn’t a Martingale technique concerned within the software program, however as you’ll be able to clearly see the GPS Forex Robot makes use of a technique often called Cease and Reverse. If dropping commerce happens, the software program senses the standards for opening a lot bigger commerce in the wrong way. As you’ll be able to see on the above precise MT4 assertion, the hedging commerce is 7 occasions bigger in measurement than the dropping commerce, that’s basic Martingale technique;-(. So in actuality, there’s a threat concerned, that’s the threat of unexpected volatility which may trick the software program right into a sequence of dropping trades, which might find yourself blowing even a really giant buying and selling account fully.
The Volatility Danger
Market volatility is a giant threat for all traders and merchants, in any respect time frames. Unexpected volatility can destroy even the most important buying and selling accounts, as a result, there isn’t a simple manner for implementing cash administration. Merchants use a sure cash administration method, however, volatility can nonetheless trick the dealer or the automated software program, into making trades the place the market fails to maneuver sufficiently in a single route, or the place an excessive amount of confusion is created.
Incessantly Requested Questions About GPS Forex Robot
- How A lot Does GPS Forex Robot Value?
The robotic prices are simply $149 (USD) for a LIFETIME license. This consists of any future updates and there’s completely no rebilling or subscription. You should utilize it on limitless demo accounts and 1 reside account for this value.
- What Is The Minimal Funding Quantity?
There is no such thing as a minimal funding quantity for GPS Forex Robot, however, your dealer may need a minimal deposit quantity for the MT4 account that it’s related to. You’ll be able to definitely begin with as little as $100 in your buying and selling account in case your dealer accepts that quantity.
- Is GPS The Greatest EA Out There (and are there other good ones?)
In my view, GPS is among the finest and most secure EA’s on the market proper now, which is why I exploit it and am joyful to advertise. I’m all the time testing new bots although, and proper now I’m testing 7 totally different EA’s. Hopefully, a few of these will probably be ok for me to share with my viewers, however, I’ll always run GPS for so long as it stays worthwhile.
- I’ve Bought And Set Up The Robotic However I’m Not Getting Any Trades. Why Not?
The robot doesn’t commerce day-after-day. Generally, a number of days can go by and not use commerce (and it doesn’t commerce at weekends as a result of markets being closed). Nonetheless, it’s best to just be sure you have a smiling face on the highest proper hand facet of your MT4 display screen and don’t overlook it so as to add your resident MT4 account quantity into the member’s space of the GPS web site.
- Can I Use GPS On My Laptop computer?
You’ll be able to run MT4 and the GPS ea on a laptop computer sure, however, it’s worthwhile to watch out that it by no means goes to sleep. Typically a laptop computer will energy down when not in use, even when plugged in, and also you don’t wish to miss any trades. I exploit a devoted laptop to run MT4 however a VPS is also a superb answer for you as a substitute for a laptop computer.
- Does GPS Work On Mac OS?
GPS ea runs on MT4, so long as you’ll be able to obtain and set up MT4 then it may be run on varied gadgets and working programs (together with Mac OS).
- Is that this a scalping bot?
No, GPS Forex Robot three just isn’t a scalping bot/ea. It doesn’t commerce very steadily (generally not for a number of days) however when it does the success/win price could be very excessive.
- Can I Use a GPS Forex Robot In My nation?
The robot will work on the MT4 platform in any nation worldwide. Nonetheless, not all brokers settle for each nation, so it’s extra concerning the dealer (MT4 supplier) rather than the robot itself. So long as you will discover a dealer that operates in your nation of residence that makes use of MT4 then the robotic may be put in and run with that dealer. You’ll be able to contact me should you’re unsure which dealer it’s best to use and I’ll attempt to assist.
Customers want to concentrate on their market charts, and volatility particularly. GPS Forex Robot is able to blow even a really giant account. The truth that small accounts had been blown however different giant accounts made large income utilizing this product, is extra right down to the cautious meticulous use of the big account customers, with regard to volatility and settings, and never right down to account measurement. It does use a Martingale sort of technique, which is why the robot is able to recover large losses, and it does it efficiently more often than not, however not 100% of the time.
There are occasions where it will probably fail catastrophically if bizarre volatility phenomena happen, which may set off one dropping commerce after one other, rising the buying and selling measurement every time, thereby blowing the account. It’s just like arguing how large airliners fly, they do use an excessive amount of automation software program, however even this automation just isn’t sufficient to get you from A to B 100% safely.
If the airliner encounters some bizarre turbulence there’s a distant however nonetheless current risk, that it’s going to crash. Because the turbulence can idiot the software program, underneath sure situations, and make it do all of the unsuitable issues.
This is why regardless of all automation, pilots are nonetheless in control of all flights. It’s the identical with this software program that the GPS Forex Robot makes use of, customers want to make use of cautious settings, go for the settings that supply the bottom drawdown, at even the bottom profitability, and naturally take note of volatility forecasts over the following 10 to 20 days. Coping with volatility and being properly ready for volatility modifications, will assist take away a lot of the hidden dangers, and can guarantee practical, worthwhile outcomes all 12 months spherical.
GPS FOREX ROBOT EA download link is inside
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Characteristics of the GPS Forex Robot EA
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Any, recommended European and American sessions
- Timeframe: H1, H4, D1
- Recommended broker: XM, FXTM