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GPS Robot FxChoice 100k (By Mark Larsen )

Gain : +569.39%
Drawdown 37.70%
Pips: 321.9
Trades 502
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

GPS Robot FxChoice 100k Discussion

bgtradefr
Sep 02 2018 at 06:29
12 posts
Hi Mark

In your website https://gpsforexrobot.com, you're claming around 30% profit per month, but when watching for myfxbook account it's around 2/3% per month

Do I miss something ?

Thank you for your job and help

Regards

Mark Larsen (ForexMark)
Sep 03 2018 at 09:50
272 posts
Hello,

Yes, we discussed this question above. But here is reply:

with huge deposits you will have much more risk and responsibility, also high psychological pressure and trading activity will be not the same like if you will have only $5k on your account. Moreover with huge deposits your profits will be very high with few trades

Concerning general profits GPS Robot generated during first three months 82% and after that till today it generated 360%. Concerning average monthly profits as I said above account was opened at May 21, 2012 with big deposit in $100k and first trade was made at 06.07.2012. It's only 5 years and 9 months. GPS Robot generated almost $450k of clear profit during 69 months with real dd in 9%. It's $6,500 monthly in average and this is perfect result. At the beginning we used more aggressive trading and during this period GPS Robot generated even more. Moreover for some accounts big part of profits it's money of our investors and we don't decide anything we just get our % from the current GPS Robot earnings and all of it is based on our agreement with them.


Moreover you can find other accounts on our website with big monthly profits: gpsforexrobot.com

Best regards,
Mark


GPS Robot and YieldNodes.Org
bgtradefr
Sep 03 2018 at 11:00
12 posts
rickyalpari_1
Sep 11 2018 at 17:52
53 posts
Mark,
IcMarkets / Tickmill : 11.09.2018 i found a trade performed by GPS
on this one
https://www.myfxbook.com/members/ForexMark/gps-robot-fxchoice-100k/396026
nothing

IcMarkets / Tickmill : 04.09.2018 I found a trade by GPS - nothing on 'your' account

IcMarkets / Tickmill : 06.09.2018 found trade by GPS --> also on your account

This is for these first days of September. In the end, as i said, there are differences. It doesn't mean that i had some loss.. it means that it is very difficult to have the same trade like the 'master account'. Moreover i already asked to the GPS support how to perform some BT, but i received that .. it is not possible...'-

Regards
R.

Mark Larsen (ForexMark)
Sep 12 2018 at 06:34
272 posts
rickyalpari_1 posted:
Mark,
IcMarkets / Tickmill : 11.09.2018 i found a trade performed by GPS
on this one
https://www.myfxbook.com/members/ForexMark/gps-robot-fxchoice-100k/396026
nothing

IcMarkets / Tickmill : 04.09.2018 I found a trade by GPS - nothing on 'your' account

IcMarkets / Tickmill : 06.09.2018 found trade by GPS --> also on your account

This is for these first days of September. In the end, as i said, there are differences. It doesn't mean that i had some loss.. it means that it is very difficult to have the same trade like the 'master account'. Moreover i already asked to the GPS support how to perform some BT, but i received that .. it is not possible...'-

Regards
R.


Hello Ricky,

On this account we use not completely default settings and this is a reason why you have a difference. If you have some doubts you can make an experiment. Just set GPS Robot on two different brokers with absolutely the same settings and you will get the same results. As I said above we used more than 30 brokerages and we have huge statistic about GPS Robot trading. It's possible to have some difference in profits values because of slippage, different spread values and so on. Or because of speed of closing trades and broker answers. Or sometimes users can not have trade which we have because of rollover time and other things. But in general you will get almost the same results. I can't to talk about all brokers in the world but we made tests with the most popular and covered near 99% of users choices and with all of them we got almost the same results. The same is concerning demo and real money accouns for GPS Robot. If you use good broker with good execution in this case you will get the same results on the real money account like on demo. I'm in a business trip now so concerning bt please check answers above in this thread. It was already explained several times and you can find it on the website. Thank you.

In any case if you have big difference so feel free to send message on support email to solve it. We are always happy to help. We will check your case and will find a problem if you have it. But always be realistic, don't think that you will see absolutely the same numbers in profit and other because there are different spread values, slippage and many other things but in general you will have the same results.

Best regards,
Mark

GPS Robot and YieldNodes.Org
averied
Sep 12 2018 at 06:51
2 posts
lddd posted:
The problem is that you risk a 80-90 pips open drawdown to win 2-3 Pips (Just look through all the History). If you lose some trade GPS Robot opens a recovery position 7 times higher than normal to gain back the loss. (This is PURE martingale, nothing else dear Mark, sorry). It´s no magic to achieve such good winning ratio of over 90% like that.

But what you people don´t understand here seems to be the risk involved with it to get your account completey wiped out at some point doing blindfolded trading like this.

Where is the stop loss for such recovery trades Mark? I guess there is not even one. So all you do here is hope and pray right? If there is some stop loss it probably will be huge and will again blow up your account some day.

Mark please show us some accounts under 5K trading this robot trades for the last years which are not wiped out with some other brokers than FxChoice, can you?




I can understand Roman's concern with this trading system. It's nice that you have survived all this years. The strategy looks quite simple. Buy EURUSD at a quiet time, like thursdays at 1:00 AM, no news, no traders, and get a few pips from the market. You set a Stop loss of about 90 pips. If this Stop is hit, you just place a huge trade on the opposite direction. You only trade once a week, so your exposure is minimal.

Mark, just admit that you shat your pants when your average weekly profit was 1 thousand, and suddenly you found yourself with a hundred grand drawdown on May 2016. YOU KNOW YOU SHAT YOUR PANTS MARK!! Just look at this picture!!



Just out of curiosity, how far away is the stop loss of this counter trade?

Peace!


Attachments:


John (sagen520)
Sep 12 2018 at 07:14
11 posts
Im a new buyer of GPS robot. May I ask for the parameters that are same with GPS Robot FxChoice 100k? also I want the parameters declaimed earn 30%/month.

Does GPS robot EA allow buyers to do the backtest? I try, but it doesnt occur any trade signal on the backtest. need aids

averied
Sep 12 2018 at 13:41
2 posts
Just one more message, so the risk in this system is clear.

If the EURUSD has a big downward move, lets say 200-300 pips on a Thursday at about 1:00 AM onwards before it has a few (2 to 10) pips upward move YOU ARE BROKE!

Now how probable it is for this to happen? I guess not too much, BUT.. When it happens.. you shall see the disaster. You've been warned!

Wikipedia says: 'The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on an ancient saying that presumed black swans did not exist – a saying that became reinterpreted to teach a different lesson after black swans were discovered in the wild.'

John (sagen520)
Sep 14 2018 at 07:45
11 posts
is that possible for me to stop the 7 times reverse order function personally? I want to accept that lose and run the next round only. I dont need to take the risk of martingale.

Mark Larsen (ForexMark)
Sep 18 2018 at 10:59
272 posts
sagen520 posted:
is that possible for me to stop the 7 times reverse order function personally? I want to accept that lose and run the next round only. I dont need to take the risk of martingale.


sagen520 posted:
Im a new buyer of GPS robot. May I ask for the parameters that are same with GPS Robot FxChoice 100k? also I want the parameters declaimed earn 30%/month.

Does GPS robot EA allow buyers to do the backtest? I try, but it doesnt occur any trade signal on the backtest. need aids


Hello John,

Sorry for the late reply. I'm in a trip now.

Concerning Martingale and risks you can check my message which I posted above:

Concerning reverse trade and your words about reverse trade. In our case as you already know Increasing lotsize value will be only one time and not more. Moreover there are no any local martingale.

It can be shown that the quadratic variation [M] of a general local martingale M is the unique right-continuous and increasing process starting at zero, with jumps ?[M] = ?M2, and such that M2 ? [M] is a local martingale.

So two values it's not a completely row.

Moreover you talking about something can happen. If will be open reverse trade and after that market will go in opposite direction, so in this case GPS Robot will make analyses of the current situation and will take correct decision about current trade. It contains a lot of filter and indicators along with trading pool decisions, and it will not working on the backtests only with real market and with real ticks on the chart. If we couldn\'t use this system so in this case we just couldn't get such results:

https://www.myfxbook.com/members/ForexMark/gps-robot-fxchoice-100k/396026

As you can see already during few years GPS Robot generate profit and show stable trading. We have huge number of clients who really happy with us already during this time, some of them already have 800% of clear profit and they makes withdrawals a lot of times and long time ago already covered their first deposits which they invested in trading with GPS Robot.

We really recommend you JUST TRY IT.


But in any case, yes, sure! We made GPS Robot very flexible so any user can adapt it to his trading style and you can also disable or enable rt without any problems. Concerning parameters and other detailed things please send message to our support or send me your email address in pm and I will redirect it. Thanks.

Best regards,
Mark

GPS Robot and YieldNodes.Org
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