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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

ammarkitaz
Dec 18 2018 at 07:39
3 posts
SHULD I USE THE SAME BROKER ? , MY ACCOUNT IN SWISSQUOT
AND HAW I CAN FOLLOW YOU ?

ilama8921
Dec 31 2018 at 08:03
2 posts
donaldscotta1
Jan 02 2019 at 09:58
1 posts
Hello. I would love to copy to trades. How can I follow you?

Rigs01
Jan 03 2019 at 08:56
1 posts
Hello. How much do you charge for copying per month?

xsuperfiendx
Jan 03 2019 at 13:47
5 posts
This EA is extremely dangerous. If you take a look at the trading history you will see the trading logic. After a stop-loss it immediately takes a much larger trade in the opposite direction with a smaller pip TP to make up for the loss. I've asked multiple times as have others with no response from the creator. What sort of stop-loss does this much larger trade have? If it's using the same stop-loss it can easily wipe an account.

Check the losses for the million dollar accounts right here on their profile and you'll see how it takes a huge trade right after. Mathematically a similar SL on one of those trades would result in an $800,000 loss on the largest account.

I purchased this EA and have been testing it for over a year. I have a 40% drawdown using the recommended settings due to one of those large trades going too far in the loss so this concern is a valid one that should be addressed by the creator.

olla (olla)
Jan 04 2019 at 10:59
43 posts
Hi Guys,
I have been trading this EA with conservative settings since September 2018. It has made steady gains (on all 4 pairs it supports). Not as much as they claim it to be, but in the vicinity of about 1 to 2% per month.
They do have an EA with an aggressive setting (HV Aggressive) which can result in big drawdowns.
They are surely very slow in their support reponses and make all sorts of excuses, but I can vouch for this EA to be very reliable if you stick to conservative settings. O, yes and I may have been lucky, but the EA reversal of trades all have gained so far!

Let the market work for you and then follow the winners.
JRANGHAN
Jan 06 2019 at 09:12
5 posts
I am new to this, just I have question, profit shows about 1 % per month. but gain from 2012 to 2018 is 476%, someone please clarify why this different?

jl3onez
Jan 06 2019 at 09:35
8 posts
STAY AWAY FROM ALL PAIRS EXCEPT EURUSD!
this is to verbalize my frustration and at the same time, help some investors planning to use this.
First of all, EURGBP pair never made a single trade for 2 months or so (since installation). I contemplated on removing the use of this pair after emailing gps, but they said to keep it open as it will eventually open profitable trade per their records.
WORST MISTAKE! my profits this whole year and more was lost on this one stupid pair that finally decided to trade at around new year, opend a trade to hit SL, then immediately it opened an opposite posiiton with huge lot of 16!!
I gave in to my faith in this sytem, but eventually i had to manually close the trade as it never got closed by SL and resulted in over 50% loss of my balance.
This makes me question all other pairs and the system as a whole; but due to 100% win rate with EURUSD so far, i decided to keep that running, so to be fair, you can use that one.
However; you guys should be ashamed of yourselves, why even include a trash pair in your system if it will ruin an account? where is the SL on second trade? i just dont understand it. For you this amount of money might mean nothing, but for me it was a whole year gone to the drain. Thanks.
The profit from the EURUSD pair that i did get is meaningless compared to how much was lost by the way. I wont disclose the amount of USD lost, but its not just a few thousands. Think twice before you use this sytem, do you really need it? Dont be like me.

rickyalpari_1
Jan 06 2019 at 10:15
53 posts
Hi Guys,
my simple suggestion is to reduce the multiplier parameter after SL or decide to accept the first SL without to try to recover the loss. In this second case it is clear that it will be necessary many days to recover... Moreover it would be also interesting understand what could happen if also the first recovery hit a SL ( and if this SL is present into the EA logic... )

jl3onez
Jan 07 2019 at 07:31
8 posts
xsuperfiendx posted:
This EA is extremely dangerous. If you take a look at the trading history you will see the trading logic. After a stop-loss it immediately takes a much larger trade in the opposite direction with a smaller pip TP to make up for the loss. I've asked multiple times as have others with no response from the creator. What sort of stop-loss does this much larger trade have? If it's using the same stop-loss it can easily wipe an account.

Check the losses for the million dollar accounts right here on their profile and you'll see how it takes a huge trade right after. Mathematically a similar SL on one of those trades would result in an $800,000 loss on the largest account.

I purchased this EA and have been testing it for over a year. I have a 40% drawdown using the recommended settings due to one of those large trades going too far in the loss so this concern is a valid one that should be addressed by the creator.


you are exactly right, this crap is dangerous. another thing is i dont understand how they only have 6% drawdown on the account when one recovery can hit over 50% drawdown. yes, same thing happend to me, its full of crap.

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