GPS Forex Robot FxChoice (by ForexMark) Quick Stats
Gain: +166.53%
Drawdown: 0.00%
Pips: 11.5
Trades: 374
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

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GPS Forex Robot FxChoice Discussion
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rogersvensson

Member Since May 02, 2010  14 posts Rog Investments (rogersvensson) Nov 03 2012 at 19:00
you are risking 10% approx. on the 1st stage, and will bust if the acct. goes against you more than approx. 120 pips on the 2nd stage. The s/l is 220 pips on the 2nd stage(rev. strategy) so you won't even last that long before this acct. goes broke. As the backer, co-developer and investor of this Ea, you know all this so why present such risky examples to us ???

patience, patience & more patience
rob559

Member Since Feb 11, 2011  1916 posts rob559 Jan 25 2013 at 21:58
no answer again , why so?surprise

one day at a time
BluePanther

Member Since Jan 25, 2010  665 posts Matt (BluePanther) Jul 28 2013 at 17:20
No trades for July 2013. That is on my account, Mark's account (here) and a few other live accounts.

What is going on?

"What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power." - 50 Cent
adrian8891

Member Since Jun 03, 2010  696 posts Adrian Matusiak (adrian8891) Jul 28 2013 at 17:38 (edited Jul 28 2013 at 17:38 )
No trades or just positions are still opened? :) Maybe margin call is close ?

PAMM MANAGER // Professional Fund Manager
BluePanther

Member Since Jan 25, 2010  665 posts Matt (BluePanther) Jul 29 2013 at 01:45
I think no trades. It is not usual for GPS EA to keep trades open for so long. It is usually very accurate with trades (90%), however the 10% that it loses it quickly reverses and recovers much of the loss.

I have had no trades and so have a few other accounts, so I am wondering why GPS is so quiet. Certainly doesn't seem to be a broker issue.

"What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power." - 50 Cent
elva

Member Since Nov 19, 2013  12 posts elva Jun 12 2015 at 11:59
rob559 posted:
no answer again , why so?surprise



It's a fake? or not?

ddr555

Member Since Sep 22, 2014  176 posts DD (ddr555) Aug 15 2015 at 11:32
Hi,
The gain good against the negative points such as High Investment USD 50,000 and Negative pip expectancy -0.3 pips and very high lot size without stop loss means its risky EA. I used this EA and it made more loss than gain in small account of USD 2000.
I wounder why its surviving!!!!! It seems its some agreement with broker!!!

Be Vegan, Make Peace
Atilla69

Member Since Sep 21, 2015  1 posts Atilla69 Sep 21 2015 at 20:29
ddr555 posted:
Hi,
The gain good against the negative points such as High Investment USD 50,000 and Negative pip expectancy -0.3 pips and very high lot size without stop loss means its risky EA. I used this EA and it made more loss than gain in small account of USD 2000.
I wounder why its surviving!!!!! It seems its some agreement with broker!!!



Hi DD,

I have similar wondering: If the deposit was 10.000 USD or less can this account survive?

Rafael

Member Since Jan 13, 2011  17 posts Rafael (Rafael) Sep 22 2015 at 07:56 (edited Sep 22 2015 at 07:58 )
ddr555 posted:
Hi,
The gain good against the negative points such as High Investment USD 50,000 and Negative pip expectancy -0.3 pips and very high lot size without stop loss means its risky EA. I used this EA and it made more loss than gain in small account of USD 2000.
I wounder why its surviving!!!!! It seems its some agreement with broker!!!


Completely bullshit. smiley If I'm not mistaken in 2012 they started a lot of accounts with different brokers and after that users even voted for the best results and with this broker GPS Robot developers decided to work and it was FxChoice. Earlier they used IamFx and you still can find a lot of statements with different brokers where gps robot shows stable results. It seems that you lost your account because you changed settings. I use default settings and have almost the same results like developers have on their accounts. It's really funny that human always trying to find some issues even if robot really honest and shows very good trading results. I think that if will be some robot which will have twenty good accounts on different brokerages, traders like you even in this case will invent incredible.. I'm sorry but this is only because of your ignorance.


Atilla69 posted:
Hi DD,

I have similar wondering: If the deposit was 10.000 USD or less can this account survive?


I use this system during few years and it still shows very good and stable results. I know few traders from other forum (don't know can I call it's name here or not) and they use GPS Robot with really big deposits, one of them have 170k. Concerning your question, if you will use 10k usd for your deposit so you will use lotsize value which will be less than with 50k deposit. They recommend 0.01 for every $100 of your account. In this case result will be the same in %. It can be not the same if you will use ECN accounts. Because when I use different robots with ECN accounts they always takes huge commissions.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
wells84

Member Since Aug 18, 2015  10 posts wells84 Sep 27 2015 at 11:26
hi there

Who still is using this EA? Who gave up?

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