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GPS Robot FxChoice 100k (By ForexMark )

Gain : +558.72%
Drawdown 37.70%
Pips: 302.5
Trades 493
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

GPS Robot FxChoice 100k Discussion

forex_trader_[1712030]
Aug 06 2020 at 09:47
8 posts
chkochong posted:
decapped posted:
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop?

04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.

Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Hi decapped, thanks for bringing out this question. good observation. I think Mark will answer you in his available time. Looks like you are new here and know nothing about gps forex robot strategy. I'm quite bad with statistics and math and I'm not Mark so I can't help much in this. But, perhaps please allow me to at least just explain some basics here so you could understand better about gps. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. It never change. Always the same. But, until when a lost trade happen one day with a 88 pips or more lost ( if i'm not mistaken, I think I saw there was a 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. I hope that helps. That is how gps forex robot EA works for you. Simple as that. As for other questions, let's wait for Mark reply then. Cheers:)


Yes CChong you are right both I am new here and your explanation helps me. So this is automated trade user desired to take everyday long or short (by setup false in code) Than when loss come out system takes opposite trade with the user determined position size (you right it is 7 times bigger) Again as I understand from your post 95 pips is standard stop loss. It is very interesting, I would never use it because there is amazing risk 200 leverage account take 5% risk and when you wrong take another 35% risk and hold it 6 days and nights is not for me but again it is interesting idea to turn revenge trade to half-automated trade.

Thanks

chkochong (chkochong)
Aug 06 2020 at 10:58
62 posts
SFETrading posted:
Thanks for the detailed reply.

It still worries me though...even if the Reversal (or Revenge?) trade is highly accurate, let's say 99% accurate...eventually you would come across that 1% where the reversal trade fails, and you will be in deep trouble.

I know it has survived the test of time until now, but I am not sure if there is any plan B if the Reversal trade fails? Does it have a hard stoploss or will it just keep the trade open until the account is margin called?...😞


Thanks! Again, that is a very, very good question. You are abslolutely right:) I have the same worries as you do. There is no 100% guarantee that this won't happen. In my opinion, that is the greatest challenge and risk of using gps. And 'No'. There is no plan B for this strategy. And 'Yes', if you choose to switch off the Reversal Trade function. That will do. But, the 88 pip lost amount will require a lot of winning trades to recover. simple as that. So it's up to you to decide what you want to do. You have three choices: 1. Trust GPS and let it do its job as always. 2. Switch off the reversal trade and slowly win back the losses which could take weeks or so, or never able to win back before another lost trade happened. 3. Walk away and forget about GPS robot. Simple as that:)

chkochong (chkochong)
Aug 06 2020 at 12:39
62 posts
decapped posted:
chkochong posted:
decapped posted:
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop?

04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.

Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Hi decapped, thanks for bringing out this question. good observation. I think Mark will answer you in his available time. Looks like you are new here and know nothing about gps forex robot strategy. I'm quite bad with statistics and math and I'm not Mark so I can't help much in this. But, perhaps please allow me to at least just explain some basics here so you could understand better about gps. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. It never change. Always the same. But, until when a lost trade happen one day with a 88 pips or more lost ( if i'm not mistaken, I think I saw there was a 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. I hope that helps. That is how gps forex robot EA works for you. Simple as that. As for other questions, let's wait for Mark reply then. Cheers:)


Yes CChong you are right both I am new here and your explanation helps me. So this is automated trade user desired to take everyday long or short (by setup false in code) Than when loss come out system takes opposite trade with the user determined position size (you right it is 7 times bigger) Again as I understand from your post 95 pips is standard stop loss. It is very interesting, I would never use it because there is amazing risk 200 leverage account take 5% risk and when you wrong take another 35% risk and hold it 6 days and nights is not for me but again it is interesting idea to turn revenge trade to half-automated trade.

Thanks
No problem thanks. Appreciated. as for the 95.1 pip is not standard loss pip level, it's the biggest lost pips I found in this account. The lost pips amount is not fixed and is decided by GPS own algorithms or so, I don't know . I think it is around a minimum of 88pips to ?? pips. that's all I found:)

forex_trader_[1712030]
Aug 06 2020 at 13:58
8 posts
chkochong posted:
decapped posted:
chkochong posted:
decapped posted:
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop?

04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.

Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Hi decapped, thanks for bringing out this question. good observation. I think Mark will answer you in his available time. Looks like you are new here and know nothing about gps forex robot strategy. I'm quite bad with statistics and math and I'm not Mark so I can't help much in this. But, perhaps please allow me to at least just explain some basics here so you could understand better about gps. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. It never change. Always the same. But, until when a lost trade happen one day with a 88 pips or more lost ( if i'm not mistaken, I think I saw there was a 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. I hope that helps. That is how gps forex robot EA works for you. Simple as that. As for other questions, let's wait for Mark reply then. Cheers:)


Yes CChong you are right both I am new here and your explanation helps me. So this is automated trade user desired to take everyday long or short (by setup false in code) Than when loss come out system takes opposite trade with the user determined position size (you right it is 7 times bigger) Again as I understand from your post 95 pips is standard stop loss. It is very interesting, I would never use it because there is amazing risk 200 leverage account take 5% risk and when you wrong take another 35% risk and hold it 6 days and nights is not for me but again it is interesting idea to turn revenge trade to half-automated trade.

Thanks
No problem thanks. Appreciated. as for the 95.1 pip is not standard loss pip level, it's the biggest lost pips I found in this account. The lost pips amount is not fixed and is decided by GPS own algorithms or so, I don't know . I think it is around a minimum of 88pips to ?? pips. that's all I found:)


So, there is no stop, 200 leverage and standard size 5% means each position 10 times bigger than account size, when system lost takes opposite 7 times bigger position means 70 times bigger than account!. And this is the most popular system in myfxbook. I think I am in wrong place...

bluboy (bluboy)
Aug 06 2020 at 15:14
30 posts
Question for all those using GPS LIVE,
Are you using ECN accounts or standards spread accounts. I believe the ECN could potentially eat away your profits over time.

Cheers
Greg

chkochong (chkochong)
Aug 07 2020 at 04:57
62 posts
bluboy posted:
Question for all those using GPS LIVE,
Are you using ECN accounts or standards spread accounts. I believe the ECN could potentially eat away your profits over time.

Cheers
Greg
Exactly. GPS support recommended to use standard account and not ECN or low spread account. Because gps is not sensitive to spread and therefore does not require a low spread account to work well. This is great news for all gps users. No commission charge for standard account. pure profits. all the best and take care. God bless:)

chkochong (chkochong)
Aug 07 2020 at 05:01
62 posts
decapped posted:
chkochong posted:
decapped posted:
chkochong posted:
decapped posted:
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop?

04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.

Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Hi decapped, thanks for bringing out this question. good observation. I think Mark will answer you in his available time. Looks like you are new here and know nothing about gps forex robot strategy. I'm quite bad with statistics and math and I'm not Mark so I can't help much in this. But, perhaps please allow me to at least just explain some basics here so you could understand better about gps. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. It never change. Always the same. But, until when a lost trade happen one day with a 88 pips or more lost ( if i'm not mistaken, I think I saw there was a 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. I hope that helps. That is how gps forex robot EA works for you. Simple as that. As for other questions, let's wait for Mark reply then. Cheers:)


Yes CChong you are right both I am new here and your explanation helps me. So this is automated trade user desired to take everyday long or short (by setup false in code) Than when loss come out system takes opposite trade with the user determined position size (you right it is 7 times bigger) Again as I understand from your post 95 pips is standard stop loss. It is very interesting, I would never use it because there is amazing risk 200 leverage account take 5% risk and when you wrong take another 35% risk and hold it 6 days and nights is not for me but again it is interesting idea to turn revenge trade to half-automated trade.

Thanks
No problem thanks. Appreciated. as for the 95.1 pip is not standard loss pip level, it's the biggest lost pips I found in this account. The lost pips amount is not fixed and is decided by GPS own algorithms or so, I don't know . I think it is around a minimum of 88pips to ?? pips. that's all I found:)


So, there is no stop, 200 leverage and standard size 5% means each position 10 times bigger than account size, when system lost takes opposite 7 times bigger position means 70 times bigger than account!. And this is the most popular system in myfxbook. I think I am in wrong place...
Tks. You are right about the huge risks involved. Trading is risky. Welcome to the real world. Yes, it is risky. When the reversal trade fails, no one would be able to survive. that is true. Thank God so far we see in Mark's account it worked. It just works (borrow from APPLE). Pray and hope for the best, and prepare for the worst. If not, then you are right. You might be in the wrong place. Understood and agreed with you. Maybe it good to walk away from GPS. Wish you all the best friend and take care. God bless:)

Kelvincent
Aug 07 2020 at 19:59
1 posts
Wait is GPS the name of the bot? Or which bot do you use??

Forex21
Aug 07 2020 at 20:08
416 posts
That's Mark Larsen's bot, right?

SFETrading (SFETrading)
Aug 08 2020 at 01:29
87 posts
chkochong posted:

So, there is no stop, 200 leverage and standard size 5% means each position 10 times bigger than account size, when system lost takes opposite 7 times bigger position means 70 times bigger than account!. And this is the most popular system in myfxbook. I think I am in wrong place...
Tks. You are right about the huge risks involved. Trading is risky. Welcome to the real world. Yes, it is risky. When the reversal trade fails, no one would be able to survive. that is true. Thank God so far we see in Mark's account it worked. It just works (borrow from APPLE). Pray and hope for the best, and prepare for the worst. If not, then you are right. You might be in the wrong place. Understood and agreed with you. Maybe it good to walk away from GPS. Wish you all the best friend and take care. God bless:)

Thanks for the honest answer. I guess people will just need to decide for themselves if they are happy to take that tiny but real risk that the account could be margin called one day...

However, I would say there are certainly other ways to trade safely and profitably in the long term. The accounts under my profile are good examples.😉

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