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GPS Robot FxChoice 100k (By ForexMark )

Gain : +556.26%
Drawdown 37.70%
Pips: 376.9
Trades 489
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

GPS Robot FxChoice 100k Discussion

chkochong (chkochong)
Aug 09 2020 at 08:17
62 posts
SFETrading posted:
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.😉

Yes you are right:) There are definitely other ways available and we always have a freedom to choose what we want. If GPS does not suits us, then just go for other better options. cheers:)

DRK_Trading (DRK_Trading)
Aug 11 2020 at 15:58
12 posts
of course i will contact support about this, but is there a way to get the exact settings the GPS robot is using on this account, i got a buy order on EURUSD yesterday, and it was a win by the way 😁 but i dont see it here in the logs, i have auto analyse set true, i have recovery trade set to true 7.0, and i am on H1 i know from reading and watching the webinar the creators of the EA state the time frame doesnt really matter but its best to use the M15 OR H1 so i choose H1 for better accuracy on higher time frames, if anyone knows the setting and time frame for this account, it would be great to know and for other new comers also, thanks in advance

chkochong (chkochong)
Aug 11 2020 at 16:08
62 posts
DRK_Trading posted:
of course i will contact support about this, but is there a way to get the exact settings the GPS robot is using on this account, i got a buy order on EURUSD yesterday, and it was a win by the way 😁 but i dont see it here in the logs, i have auto analyse set true, i have recovery trade set to true 7.0, and i am on H1 i know from reading and watching the webinar the creators of the EA state the time frame doesnt really matter but its best to use the M15 OR H1 so i choose H1 for better accuracy on higher time frames, if anyone knows the setting and time frame for this account, it would be great to know and for other new comers also, thanks in advance
Hahaha...understood and thanks for your question. Well, i think the only person that could answer you now is none other than the account owner which is Mark himself. Because he is the only one knows exactly what settings he use with this account. I hope he will answer your questions soon. Take care and God bless. cheers:)

DRK_Trading (DRK_Trading)
Aug 12 2020 at 18:12
12 posts
chkochong posted:
DRK_Trading posted:
of course i will contact support about this, but is there a way to get the exact settings the GPS robot is using on this account, i got a buy order on EURUSD yesterday, and it was a win by the way 😁 but i dont see it here in the logs, i have auto analyse set true, i have recovery trade set to true 7.0, and i am on H1 i know from reading and watching the webinar the creators of the EA state the time frame doesnt really matter but its best to use the M15 OR H1 so i choose H1 for better accuracy on higher time frames, if anyone knows the setting and time frame for this account, it would be great to know and for other new comers also, thanks in advance
Hahaha...understood and thanks for your question. Well, i think the only person that could answer you now is none other than the account owner which is Mark himself. Because he is the only one knows exactly what settings he use with this account. I hope he will answer your questions soon. Take care and God bless. cheers:)



hope he will answer soon too, havent message support yet but its on my to do list, i will let the thread know what they say, i am also running my settings on oanda demo account, i trade live there and i am curious to see how well GPS works with oanda, i have a small live account running on the gps robot fxchoice server, and another demo account with fxglory, fxglory is unregulated not sure i will go live with fxglory but its a 1000 times leverage account, bot bought the other day on all three accounts and won its cool to see it work with such a vast different amounts of leverage, oanda 100, fxchoice 200, and fxglory 1000, i am also on all 4 pairs i am in it to win it, or not, but from the track records of all the GPS robot accounts on myfxbook i feel confident it will work out well, i dont buy or pay for signals, but at the same time, i have never seen actual trade statistics from 2012 in all types of market conditions recorded, if the bot performs as well as it has in the past going forward its going to be good times if not oh well, i lose more on trade going the wrong way on me than it cost for the bot lol, you cant win them all, but when you take a loss take a small loss, when you win, win big and use proper money management always, and also never spend your milk money, good luck, stay safe happy trading 😄

got me thinking and i checked this live smaller GPS 250 account and it bought when i did and won like i did also
https://www.myfxbook.com/members/ForexMark/gps-robot-fxchoice-250/3382612

musclemuseum
Aug 19 2020 at 15:14
2 posts
Hello everyone,

I am new here and I have few questions regarding the GPS Forex Robot 3. I have done some research and I apologise in advance if any of these questions were asked before, but I have been unable to find answers so far.

I purchased the robot not too long ago and I have also email support, but after few emails back and forth I still don't have my answers, so I am hoping that someone here can shed some light.


1. All the trades have been placed at the same time: 1 trade per currency pair within the space of 3 seconds. All my trades for the past two weeks have been placed between 01:00:01 and 01:00:04. Is it normal?


2. I had two trades which were losses, but only 1 triggered the recovery trade option. However, the losing trade was left open until it reached a size 34 times bigger than the other winning trades before the system closed it. Is there a way to set losses to be smaller before the trade gets closed and the recovery option kicks in?

(I have read that the SL is at around 88-90 pips away. Is there any chance that could be reduced?)


3. Is there a way to set winning trades to be bigger? All the winning trades closed with a win of 2 pips when they could have gained much more if they stayed open a bit longer. Some of them could have been tens of pips in the green.
I received a 'sort of an answer' by the support team about this, but it is still no clear to me... I copy/paste it below.

'Concerning your trading we suggest you start to use Trailing Stop mode, in this case GPS Robot will move SL value after the price and when price will growing up in this case GPS Robot can generate huge profits. Sometimes GPS Robot can close 20 or even 60 pips of profit. Moreover you can set AutoAnalyzes function to false and GPS Robot will open trades every day. Be careful with Friday because this is the most unstable day on the week. You can disable trading for this day if you prefer. Also at the beginning you can start only with AutoAnalyzes function and after few weeks set Trailing Stop to true. It will be better.

Moreover we recommend you use this settings for EURUSD pair for the current moment because of high instability on the market. We not ask to use such settings right after purchase because it can be more risky because of some users mistakes during installation like wrong lotisize value, unstable connection or other. We always recommend to our users to use GPS Robot in default mode during few weeks or months to be sure that all works correctly and users should see how stable and profitable GPS Robot. But if our user experienced trader so in this case he can start use this settings after one two weeks.'

I know about the existence of the trailing stop function, but I would not know what number to enter. By default they are:
GPSEU_UseTrailingStop: true (by default is on 'false' so I changed it to 'true')
GPSEU_TrailingDistance: 6.0
GPSEU_TrailingStep: 1.0

Should I leave 6.0 and 1.0?


Apologies for the long post and thank you for your time.

PS: I have screenshots to support any of my questions if they are not 100% clear.

DRK_Trading (DRK_Trading)
Aug 20 2020 at 11:17
12 posts
musclemuseum posted:
Hello everyone,

I am new here and I have few questions regarding the GPS Forex Robot 3. I have done some research and I apologise in advance if any of these questions were asked before, but I have been unable to find answers so far.

I purchased the robot not too long ago and I have also email support, but after few emails back and forth I still don't have my answers, so I am hoping that someone here can shed some light.


1. All the trades have been placed at the same time: 1 trade per currency pair within the space of 3 seconds. All my trades for the past two weeks have been placed between 01:00:01 and 01:00:04. Is it normal?


2. I had two trades which were losses, but only 1 triggered the recovery trade option. However, the losing trade was left open until it reached a size 34 times bigger than the other winning trades before the system closed it. Is there a way to set losses to be smaller before the trade gets closed and the recovery option kicks in?

(I have read that the SL is at around 88-90 pips away. Is there any chance that could be reduced?)


3. Is there a way to set winning trades to be bigger? All the winning trades closed with a win of 2 pips when they could have gained much more if they stayed open a bit longer. Some of them could have been tens of pips in the green.
I received a 'sort of an answer' by the support team about this, but it is still no clear to me... I copy/paste it below.

'Concerning your trading we suggest you start to use Trailing Stop mode, in this case GPS Robot will move SL value after the price and when price will growing up in this case GPS Robot can generate huge profits. Sometimes GPS Robot can close 20 or even 60 pips of profit. Moreover you can set AutoAnalyzes function to false and GPS Robot will open trades every day. Be careful with Friday because this is the most unstable day on the week. You can disable trading for this day if you prefer. Also at the beginning you can start only with AutoAnalyzes function and after few weeks set Trailing Stop to true. It will be better.

Moreover we recommend you use this settings for EURUSD pair for the current moment because of high instability on the market. We not ask to use such settings right after purchase because it can be more risky because of some users mistakes during installation like wrong lotisize value, unstable connection or other. We always recommend to our users to use GPS Robot in default mode during few weeks or months to be sure that all works correctly and users should see how stable and profitable GPS Robot. But if our user experienced trader so in this case he can start use this settings after one two weeks.'

I know about the existence of the trailing stop function, but I would not know what number to enter. By default they are:
GPSEU_UseTrailingStop: true (by default is on 'false' so I changed it to 'true')
GPSEU_TrailingDistance: 6.0
GPSEU_TrailingStep: 1.0

Should I leave 6.0 and 1.0?


Apologies for the long post and thank you for your time.

PS: I have screenshots to support any of my questions if they are not 100% clear.


There are countless trading systems and trading strategies, some are aggressive some are cautious, some are quantity some are quality, some go for 3 pips some go for 50 or more, its all basically a state of mind, like life its all up to what you can live with and what you want, i personally want fast,fast,fast i want to see profits everyday, but in reality i know quality is better than quantity, if auto analyse is on from what i see the bot is looking quality trades and so far on my accounts only takes trades that have high probability for success, which has only bought long orders and so far on all accounts and a lot less trades which in turn is less risky and will take less losses, i wanted to test how the bot would work with auto analyse off and the bot took a lot more trades, and right off the bat it took a sell order with other orders and out of four trades on four pairs it lost, the losing trade didnt go more than 30 pips the wrong way so i waited because like you stated the bot usually puts in a recovery trade around 80-90 pips, hours later the sell order that was losing started to get very close to winning and i sold for a loss manually which cost me 5$ US and after i sold about 2 hours later i would have won, so even though i want more trades to make more money as fast as i can, ultimately i want consistency and i would rather have less trades over time at around 3 pips than to take the chance of having many aggressive trades and take a loss, and as far as trailing stop that can be a good thing and bad some trades i have made personally not with the bot, have done very well with trailing stop, but also have not because the trades went in profit and then price went the opposite way and stopped out for a loss, so in retrospect if i would have just taken the win and closed the position i would have taken a smaller win and not have lost while using a trailing stop

javierpardo
Aug 24 2020 at 20:55
5 posts
This system works so good, very inteligent the mind who designed. congrats

neems
Aug 28 2020 at 15:29
3 posts
Wow only 480 trades since 2012 and an average win of 5 pips per trade?
I suppose if you have a huge trading account you could make some decent money with this system otherwise no way.

DRK_Trading (DRK_Trading)
Sep 01 2020 at 04:23
12 posts
LOL everyone expects to get rich over night, this bot is accurate as anything i have seen with auto analyse on, and i would rather make an average 5 pips per trade than losing, yes i bought it and testing on several accounts, but recently put on hold because my internet is been spotty, even with bad internet i haven't lost a trade yet with auto analyse on, i turned auto analyse off and had one losing trade and that is because i sold it at a 5$ loss being impatient and a couple hours later it would have hit take profit if i hadn't gotten involved, with auto analyse on its quality not quantity even with a small 150$ account, you are making better than interest in a bank account for an automated trading system, when i get my internet problem solved i will fire it up again on 1 real account and 4 demo accounts, and i will post good and bad progress so far though i haven't had any bad progress

kasparsvas16 (kasparsvas16)
Sep 01 2020 at 20:02
253 posts
It is look risky, if i start in wrong time with it, it can blow my account
in 16 april it was down more than 100%, it mean if i will start trade in 15 april, in next day i will lose everything.
I think i'm right.
But also all trades and strategy looks very good, need to think somethink about big movement, put some filters.

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