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GPS Robot FxChoice 100k (By ForexMark)

Gain : +562.07%
Drawdown 37.70%
Pips: 308.6
Trades 496
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

GPS Robot FxChoice 100k Discussion

bluboy (bluboy)
Oct 10 2018 at 08:04
30 posts
Frankw0007 posted:
Is this system for copy or just for show I don’t see the option to copy and try this system out and could start this with $5000 would it still provide the same effect.


You have to purchase Frank from his Website

Greg

togr (togr)
Oct 10 2018 at 08:06
4862 posts
FEST posted:
Hi Mark

You promote your EA on your Homepage with 30% average monthly RoI (or even more), but when I look to the result of your verified account provided here on myfxbook in the last three years the monthly RoI was normally below 1% per month...

Can you explain this discrepancy to me?

Kind regards
Stephan


The profit was not 1%
Monthly: 2.26%
It is not much but system seems to be stable

bluboy (bluboy)
Oct 10 2018 at 10:04
30 posts
FEST posted:
Hi Mark

You promote your EA on your Homepage with 30% average monthly RoI (or even more), but when I look to the result of your verified account provided here on myfxbook in the last three years the monthly RoI was normally below 1% per month...

Can you explain this discrepancy to me?

Kind regards
Stephan


Stephan,
There is no discrepancy except for the risk factor taken on the account, obviously the risk that is taken on this account is low and as traders we have the choice to take a higher risk if we feel the system is stable enough to take that risk. Look at the history of the system and decide for yourself what amount of risk you wish to take.
Does it have the potential for higher profits with a 94% hit rate - absolutely but as we know with higher reward is higher risk mate, its up to us as traders to decide.

Cheers
Greg

FEST
Oct 10 2018 at 13:38
19 posts
togr posted:
FEST posted:
Hi Mark

You promote your EA on your Homepage with 30% average monthly RoI (or even more), but when I look to the result of your verified account provided here on myfxbook in the last three years the monthly RoI was normally below 1% per month...

Can you explain this discrepancy to me?

Kind regards
Stephan


The profit was not 1%
Monthly: 2.26%
It is not much but system seems to be stable


Agree the over all RoI is 2.26% but only due to huge earnings at the beginning. In the last two years the monthly RoI is rarely above 1% monthly RoI.

FEST
Oct 10 2018 at 13:38
19 posts
bluboy posted:
FEST posted:
Hi Mark

You promote your EA on your Homepage with 30% average monthly RoI (or even more), but when I look to the result of your verified account provided here on myfxbook in the last three years the monthly RoI was normally below 1% per month...

Can you explain this discrepancy to me?

Kind regards
Stephan


Stephan,
There is no discrepancy except for the risk factor taken on the account, obviously the risk that is taken on this account is low and as traders we have the choice to take a higher risk if we feel the system is stable enough to take that risk. Look at the history of the system and decide for yourself what amount of risk you wish to take.
Does it have the potential for higher profits with a 94% hit rate - absolutely but as we know with higher reward is higher risk mate, its up to us as traders to decide.

Cheers
Greg


Thank you Greg, for your explanation which seems comprehensible to me.
Could you point out a little bit in what way traders are able to control the risk within the EA parameters?

Kind regards
Stephan

bluboy (bluboy)
Oct 11 2018 at 06:37
30 posts
Fest,
Purely by using the MM settings,also the Trail stop loss, Multiplier after a loss etc, it is the reason I am disappointed that we cannot back test it to see if there are better parameters, currently i am using default parameters and can adjust the MM side of it and reduce the Multiplier if I so choose. I have attached the list of the settings I have at the moment.

My other issue is that I have only been getting trades on the EU and none of the other pairs I have the robots attached to, I am waiting for Mark to respond when he is free....

By the way this is not the only EA I use but would be nice to add to a live account if I think it is worthy of being there.

Cheers
Greg

Attachments:


tankabott
Oct 11 2018 at 06:37
2 posts
I have been reading this thread and just cant believe how uncritical you all are. Did anyone actually do the research on this account?
If you did you would have known that these account stats are heavily manipulated. The actuall max DD so far has been over 50%. Just look at the attachment. This trade was opened for 7 days and was down 53 pips at some point. It means the DD on this trade only was 40%+.

So you guys want to manage the risk yourselves? The current risk is 50%+ so how are you supposed to raise it? Its crazy to me how people believe anything thats shown to them and pay money for this kind of . I will get blocked by the thread owner, just thought you should know the truth.


togr (togr)
Oct 11 2018 at 08:11
4862 posts
FEST posted:
togr posted:
FEST posted:
Hi Mark

You promote your EA on your Homepage with 30% average monthly RoI (or even more), but when I look to the result of your verified account provided here on myfxbook in the last three years the monthly RoI was normally below 1% per month...

Can you explain this discrepancy to me?

Kind regards
Stephan


The profit was not 1%
Monthly: 2.26%
It is not much but system seems to be stable


Agree the over all RoI is 2.26% but only due to huge earnings at the beginning. In the last two years the monthly RoI is rarely above 1% monthly RoI.


well yes that is right

ForexMark (ForexMark)
Oct 11 2018 at 10:17
268 posts
bluboy posted:
Mark,
I have noticed this happen before but now that I found you I can ask the question. I have all the EA's for the pairs but I seem to notice that only the EURUSD seems to produce any trades, this was the same last time I had it on a platform, can you tell me why?

I do see that you are only running EU on your account and add to the fact we cannot backtest (which is annoying) I for the life of me cannot understand why the other pairs do not trade at all?

Cheers
Greg


Hello Greg,

Concerning bt you can check my answers above. It was answered several times why. Moreover you can see some bt on our website. Concerning trading, so yes, if you use default settings so it's completely normal and you can don't worry about it. I recommend you send me in pm your email address and I will ask support to provide you detailed information if you prefer.

Best regards,
Mark

GPS Robot and YieldNodes.Org
ForexMark (ForexMark)
Oct 11 2018 at 10:23
268 posts
bluboy posted:
Frankw0007 posted:
Is this system for copy or just for show I don’t see the option to copy and try this system out and could start this with $5000 would it still provide the same effect.


You have to purchase Frank from his Website

Greg


Hello Greg,

Yes, you are right! Thank you very much for your clarification. I didn't notice it before my message.

Best regards,
Mark

GPS Robot and YieldNodes.Org
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