Yes it opens a reverse trade should your position gets a SL. You can also adjust its multiplier of 7 to another number should you feel uncomfortable with the lot size. Or you can also turn off reverse trade if you prefer. But that's the point of the reverse trade, To cover the loss.
I have yet to have an issue with this bot. It has lost two trades and recovered it on the reverse. If you have the standard settings it should be trading 0.01 lot size per $100USD. If you have $199 USD in your account it will still trade 0.01 until you break that next tier at $200 which it will start trading 0.02 lots. For me, it was producing between 1.12% and 2.59% a month. Mine only trades EUR/USD. Again these are all stock settings. It's looking for about 2 pips per trade. It will never go on a huge run with the stock settings. If you are actively day trading on the same account you could potentially screw the bot up if it needed to make a reversal trade and you had the money potentially tied up in another trade. I would put this bot on one account almost like a 'Bond' fund in an investment portfolio and just let it run. If you are day trading on a different account then maybe shift part of your winnings to the bot and keep those gains locked in and safely growing.
None of the above, only trading the Bot on the account, it just went MAD, and took, frankly for the FIRST time, a way too big lot size against the trend, and reversed at exactly the wrong time. I'm out.
Can you share your MyFXBook link? Also, if you reach out to their support they will offer to log into your VPN and look at your bot settings. They take about a week to get back to you but they do a nice job...from my personal experience. They do seem to care about their product and want to make sure there is nothing wonky going on. I'm also using FXChoice as it's the broker they recommended for their bot.
This week I turned on the trailing stop feature for the first time and it took one trade. Trailing Distance was 6.0 (I dropped it to 5.0) and kept the Trailing Step at 1.0. It was able to grab a few extra pips. I really would reach out to them because if there is a bug for you then there is a bug for all users.
I Did all that, Endless emails as I couldn’t get the robot to work, after literally weeks, between FXChoice and GPS support, I got the bot working. Did about 2 trades a week, steady and made a littler money then ...wham then goes crazy.....
tapixFX posted: good results how much for this martingale ea ?
Here you can find all necessary information include software description, advantages over any other system, last results on verified accounts, investor access, webinar with developers and many other useful things: https://gpsforexrobot.com/full/
Glendower posted: I Did all that, Endless emails as I couldn’t get the robot to work, after literally weeks, between FXChoice and GPS support, I got the bot working. Did about 2 trades a week, steady and made a littler money then ...wham then goes crazy.....
Please accept my apologize for late reply. Unfortunately I'm not have possibility to answer often. Please in the future contact support: [email protected]
Decided to post this news in this thread of my account too.
Just want to inform you that GPS Robot now works with https://yieldnodes.org/ system. Together it was possible to reach 240% for 12 months, it's 20% monthly. Maybe later we will add this account to myfxbook or even open new myfxbook profile under my name. Here is a video which Antony and Ronald (my programmers and GPS Robot developers) released after one year of tests:
In general we continue GPS Robot developing to make it even better. All updates you will get automatically into your MT4 terminals. All our fresh results you will see as always here on myfxbook.
WARNUNG VOR HOHEM RISIKO: Der Devisenhandel birgt ein hohes Risiko, das möglicherweise nicht für alle Anleger geeignet ist.
Der Einsatz von Leverage schafft zusätzliches Risiko und Verlustgefahr. Bevor Sie sich für den Devisenhandel entscheiden, sollten Sie Ihre Anlageziele, Ihr Erfahrungsniveau und Ihre Risikotoleranz sorgfältig prüfen.
Sie könnten Ihre ursprüngliche Investition teilweise oder ganz verlieren. Investieren Sie kein Geld, das Sie sich nicht leisten können, zu verlieren. Informieren Sie sich über die mit dem Devisenhandel verbundenen Risiken und lassen Sie sich von einem unabhängigen Finanz- oder Steuerberater beraten, wenn Sie Fragen haben.
Alle Daten und Informationen werden ausschließlich zu Informationszwecken bereitgestellt und sind nicht für Handelszwecke oder Beratung gedacht.
Die vergangene Performance ist kein Indikator für zukünftige Ergebnisse.