GPS Forex Robot FxChoice (by ForexMark) Quick Stats
Gain: +234.92%
Drawdown: 30.79%
Pips: -225.1
Trades: 497
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

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GPS Forex Robot FxChoice Discussion
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RyanSchultz

Member Since Mar 04, 2010  22 posts Ryan Schultz (RyanSchultz) Oct 15 at 19:44
don't know what are you talking about. I have good profit from these last trades. If it blew your account maybe you had some margin problems ? Or settings of lot size or money management?
I have the profit and it seems that reverse trade covered not only previous buy trade, but it win more for me...

Guys, use correct settings and all will be ok!

fx.schultz@
Glendower

Member Since May 27, 2020  9 posts Glendower Oct 16 at 05:03
The EA arbitrarily massively increased lot size on it’s own.

trojanz

Member Since Jul 03, 2015  3 posts trojanz Oct 20 at 09:41
Yes it opens a reverse trade should your position gets a SL. You can also adjust its multiplier of 7 to another number should you feel uncomfortable with the lot size. Or you can also turn off reverse trade if you prefer. But that's the point of the reverse trade, To cover the loss.

PeLeU_kopa

Member Since Oct 17, 2020  3 posts Norman PeLeU (PeLeU_kopa) Oct 22 at 09:03
This EA is good to make some money on a 1:100 leverage account?
 Just asking...

doing stuFF
Glendower

Member Since May 27, 2020  9 posts Glendower Oct 22 at 10:11
Caveat Emptor.. my experience was not good, see my posts above. It randomly changes lot size, and sometimes makes BIG mistakes.

Desilator

Member Since Mar 10, 2020  1 posts Desilator Oct 22 at 16:03
I have yet to have an issue with this bot. It has lost two trades and recovered it on the reverse. If you have the standard settings it should be trading 0.01 lot size per $100USD. If you have $199 USD in your account it will still trade 0.01 until you break that next tier at $200 which it will start trading 0.02 lots. For me, it was producing between 1.12% and 2.59% a month. Mine only trades EUR/USD. Again these are all stock settings. It's looking for about 2 pips per trade. It will never go on a huge run with the stock settings. If you are actively day trading on the same account you could potentially screw the bot up if it needed to make a reversal trade and you had the money potentially tied up in another trade. I would put this bot on one account almost like a 'Bond' fund in an investment portfolio and just let it run. If you are day trading on a different account then maybe shift part of your winnings to the bot and keep those gains locked in and safely growing.
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Glendower

Member Since May 27, 2020  9 posts Glendower Oct 22 at 16:26
None of the above, only trading the Bot on the account, it just went MAD, and took, frankly for the FIRST time, a way too big lot size against the trend, and reversed at exactly the wrong time. I'm out.

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EURUSD 1.18598 GBPUSD 1.30443
USDJPY 104.712 USDCAD 1.3125

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.