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GPS Robot FxChoice 100k (By Mark Larsen )

Gain : +582.59%
Drawdown 37.70%
Pips: 189.1
Trades 519
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

GPS Robot FxChoice 100k Discussion

Johan Olwage (olla)
Sep 13 2019 at 12:03
43 posts
I am very happy with GPS. Thanks. It has paid for itself in the last year.
Let the market work for you and then follow the winners.
Rami Fourati (Ramsis81)
Oct 03 2019 at 23:05
2 posts
Dear all,

Please I want to buy this EA : GPS Forex Robot 3

I have a littre capital of 500$. How much can I make profit in one month with this robot.

Do you recommand it ?
delanth
Oct 03 2019 at 23:15
41 posts
Ramsis81 posted:
Dear all,

Please I want to buy this EA : GPS Forex Robot 3

I have a littre capital of 500$. How much can I make profit in one month with this robot.

Do you recommand it ?

If you have $500 to invest and don't have an idea about how much you will make based on what you saw on GPS web site/myfxbook then you are not ready for live forex trading. You need to go and practice on Demo account.
holla21
Oct 14 2019 at 20:11
9 posts
Hi all,
what kind of slippage do you get with this and with what lot size?
Johan Olwage (olla)
Oct 16 2019 at 10:20
43 posts
Slippage is dependent on the broker. I have no slippage problems with the EA and trade it 0.01 per $100 of account size.
Let the market work for you and then follow the winners.
holla21
Oct 17 2019 at 15:52
9 posts
dutchdevil
Nov 26 2019 at 16:42
19 posts
So about whether or not to use the ReverseTrade option: if you're not using it, you'll take a 90 pip loss occasionally. As the wins on average are 2 pips, this means you'll need 45 wins per 1 loss to have a profitable strategy. Unfortunately if I look at the history, there were 20 losses on 460 trades, meaning 22 wins per 1 loss. So per this history, it means that without using the ReverseTrade, this EA will NOT be profitable.

HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.

I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
fmlbfx2010
Nov 26 2019 at 17:29
86 posts
dutchdevil posted:
So about whether or not to use the ReverseTrade option: if you're not using it, you'll take a 90 pip loss occasionally. As the wins on average are 2 pips, this means you'll need 45 wins per 1 loss to have a profitable strategy. Unfortunately if I look at the history, there were 20 losses on 460 trades, meaning 22 wins per 1 loss. So per this history, it means that without using the ReverseTrade, this EA will NOT be profitable.

HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.

I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
You can set the risk to 34 and keep reversing mode on and you are always safe
dutchdevil
Nov 26 2019 at 18:07
19 posts
So but what's the loss of the account when the reverse trade would hit its SL with that risk?
fmlbfx2010
Nov 26 2019 at 18:12
86 posts
dutchdevil posted:
So but what's the loss of the account when the reverse trade would hit its SL with that risk?
Can you backtest with the risk of 34?
dutchdevil
Nov 26 2019 at 20:40
19 posts
Nope, they've disabled backtesting for GPS Robot. I truly wish I could backtest this EA
delanth
Nov 26 2019 at 22:05
41 posts
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
fmlbfx2010
Nov 27 2019 at 09:21
86 posts
delanth posted:
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
The question is as follows :
What will happened for the ea if I set the risk to 34 instead of 10?

dutchdevil
Nov 27 2019 at 17:02
19 posts
delanth posted:
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.

Hi, yes agreed. But the way it is designed, is flawed as there is no escape plan from the reverse trade (outside of blowing the entire account). And yes this has been forward tested for a decade now, but there was a reverse trade that took 6 days to recover. Honestly at that point you have no control anymore over what will happen. They dodged a bullet there, because if it would have blown, this account would have been wiped out.

Therefore the alternative; don't enter the reverse trade, take the 90 pip loss and continue on, hoping that on average you have more wins than losses.
delanth
Nov 28 2019 at 01:40
41 posts
dutchdevil posted:
delanth posted:
They dodged a bullet there, because if it would have blown, this account would have been wiped out.

They probably would have infused more cash to save their account. so the bottom line is about leverage here.
Saddam Sadd (saddn55)
Dec 06 2019 at 06:01
2 posts
Brady (Bradsuccess)
Dec 28 2019 at 03:42
2 posts
too good to be true
Never give up on your dreams
Vision20
Jan 11 2020 at 16:54
2 posts
Nice chart and results! But I have never yet copied from myfxbook.. How that works?
Thnx for your answer.. 😄
born2bbad
Jan 20 2020 at 07:17
9 posts

Can anyone here request a refund from GPS ROBOT? I have requested a refund from GPS support but I do not have any help. Which is very shameful when buying a reply to the mail very quickly But when wanting a refund, there is no response.
Or any1 want this robot I can sell this robot to you $149.
Thanks



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born2bbad
Jan 21 2020 at 13:15
9 posts
Has anyone got any refund from GPS ROBOT? I informed the mail to request a refund from the GPS ROBOT team but they did not mail me back. How to do?
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