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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

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
8 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
8 posts
dutchdevil
Nov 26 2019 at 16:42
17 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
78 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
17 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
78 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?

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