GPS Forex Robot (Real Money) (by Ronald) Quick Stats
Gain: +593.53%
Drawdown: 66.18%
Pips: 1306.4
Trades: 610
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

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GPS Forex Robot (Real Money) Discussion
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Aimak

Member Since Nov 30, 2009  73 posts Aimak Rokalno (Aimak) Nov 12 2010 at 16:15
WOW. Impressive machine you have got here. It seems an all terrain EA as it has survived all this hectic year 2010. Congratulations! Are you thinking to increase the risk a little bit?

exquisite entries with calculated exits
pip2cash

Member Since Mar 04, 2010  339 posts SIM (pip2cash) Dec 22 2010 at 17:04
hello,

Can you please verify your track record and Trading Privileges?

Thanks,
SIM

Low risk consistent return!
Pheniox

Member Since Aug 21, 2009  92 posts Pheniox Dec 22 2010 at 22:24
INvestor access goes a long way to verifiny your product. No access equals less sales

Those that say it can not be done should leave those that are doing it alone.
leozdnbr

Member Since Nov 06, 2010  27 posts Leonardo (leozdnbr) Dec 23 2010 at 01:56
so.. after looking at the trade history, I can see stop loss is 88. when it loses, it increases lot size to cover the loss. but I still don't understand the take profit. sometimes is 3, 5, sometimes more.
you should verify your record, it will give you more credit

stevetrade

Member Since Oct 28, 2009  1060 posts Steve Boardman (stevetrade) Dec 23 2010 at 08:17
I'm not sure upping the risk is adviseable.
The 88 pip losses at first are a 10% loss to the account. The two most recent losses are for 20% of the account.

After a loss the lot size is then multiplied by five and a position in the opposite direction opened straight away. The stop loss is then moved out to 220 pips as far as I can tell.
Which means that it's risking the entire account if this stop loss is genuine and was to get hit.

Still impressive results over a sustained period.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forexma

Member Since Feb 16, 2010  1332 posts SOLAR (forexma) Dec 23 2010 at 08:59
Impressive but probably not sustainable in the long term. I kinda liked that guy Mark Larsen until I realised he's only earning by promoting(affiliate programs) other's EAs and especially after his private union with FapTurbo team. He was the one promoting heavily the FRWC which proved to be just a very expensive CRAP.
So I don't trust him, I don't like him and I think this EA is crappy as well.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Huwee

Member Since Jul 25, 2010  3 posts Huwee Dec 23 2010 at 14:46
Two more instances of the GPS Forex Robot running on MyFxBook.com:
http://www.myfxbook.com/members/AntonyKemble/gps-forex-robot-real-money/68558
http://www.myfxbook.com/members/AntonyKemble/gps-forex-robot-eu-real/71939

Neither of them have their trading privileges verified so therefore no way to verify that these are real accounts.

Huwee

Member Since Jul 25, 2010  3 posts Huwee Dec 24 2010 at 15:40 (edited Dec 24 2010 at 15:42 )
Mark Larsen has now put up a verified account of the GPS Forex Robot:
http://www.myfxbook.com/members/ForexMark/gps-forex-robot/72193

But this is a demo account.

kishorejoga

Member Since Sep 12, 2009  295 posts kishorejoga Dec 24 2010 at 18:11
I dont believe him I ageree with Solar ,again same old crap in longterm \
Thanks steven without you guys I would have lost another couple hundred Dollars

hussein

Member Since Mar 31, 2010  5 posts hussein Dec 24 2010 at 20:41
mark larsen play with same team fapturbo , and the same scam of FRWC , bring russian guys look like jenuises
to make the genuis system all sheet , if you see the video he with that russian gay its a selly play

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