Hi, I see when you get a bad trade you close and reverse around 100 pips for around 15 pips at 7x lot size. What is your plan when price goes against you on the 2nd trade? Do you have a bail out limit? I'm curious as looking through your history this hasn't happened yet, but as a responsible dealer I'm sure you have a contingency for this?
Yes, sure! Our trading team always makes analyzes of the current situation on the market and takes decision about trades. This is very difficult and specific way but only such trading style can provide profitable and stable results. It will be better if you will send a message to support directly through our email address because there you will get more detailed answer.
BenScoobert posted: Hi, I see when you get a bad trade you close and reverse around 100 pips for around 15 pips at 7x lot size. What is your plan when price goes against you on the 2nd trade? Do you have a bail out limit? I'm curious as looking through your history this hasn't happened yet, but as a responsible dealer I'm sure you have a contingency for this?
7x Lotsize? Incredible what coders do to make a recovery. Be careful when the provider doesn't update accounts every 5 minutes.
this is the first author of an EA that actually shows his face and his results in fxchoice are impressive, but that is what it makes it so suspicious. I applaud this guy for showing his face but that's all, i don't think this is the holly grail, actually there is nothing in the forex world that can be called holly grail. And we all know that.
Yes, our trading pool always controls current market situation and only with such option we can provide stable trading results.
Our trading results it's a 100% truth. For official companies we provide all documents and this is a reason why we got such big investors. Few pages below you can even find information about our tests during several month with more than 30 brokerages. We not have any connections with FxChoice brokerage and we use GPS Robot with more than 10 brokerages. Moreover we have a lot of users and they always compare their results with ours and almost all of them have the same results. All settings for all our statements is set to 5 minutes update. It's smallest value. You can make a test. Open account, put $100 and set 0.01 lotsize value and use GPS Robot during one month and compare your trades every week with ours and you will see this. There no any tricks or something else, it's just professionalism, responsible approach and luck.
Sorry for my late response but I'm in a trip now and it will be better if you will send your questions to support directly. Guys will explain to you any setting and will provide the most detailed information.
Pip expectancy of this bot is 0.8 pips which shows that it may fail in other brokers or it may be spread sensitive.
But regarding Fxchoice broker, though I don't trade in FXChoice now, but I have account with them. I didn't find anything wrong with that broker when I was trading before few months. Only thing is that their spreads are relatively high as compared to other brokers. Hence, I quit trading from them.
I don't know if they have started manipulating something in their price feed or something else recently. But this robot is there for quite long time which I see.
BenScoobert posted: Then why not withdraw and secure some of your $370k of profit?
We fixed our profit and closed several accounts with other brokerages like FXCM, FXDD (while they not closed it), Alpari UK and others but with the FxChoice it's not only our money. Big part of it it's money of our investors and we don't decide here anything we just get our % from the current GPS Robot earnings and all of it is based on our agreement with them. It's really difficult to attract investors and provide them some confidence but now we responsible for our trading results. By the way in this thread some user asked to make a withdrawal and we provided link to his message to our investors and they agreed and we made $100 withdrawal. It was not necessary of course and investors shouldn't do that but in any case they agreed and it was good.
rob559 posted: would you show us some other brokerage accts from clients?
Here on the MyFxBook we provided completely verified results with FXCBS, FxPro and Alpari brokerages during few years and on several forums were discussions of this accounts but now we closed some of our accounts and moved (gradually) our money to FxChoice accounts because after major upgrade we were impressed with the results which we got.
Concerning other messages... There is nothing to discuss. Every time users try to find something... and even talking about photos. You suggest to make a visit to another conference only to make photos? Guys this is not serious. Anyone of you can just open account at least with $100 and use it like we will explain to you without any mistakes like some users did, I mean huge lotsize value and other and after one-two month you will get almost the same results. After that we will explain to you how you can increase your profits because with the default settings GPS Robot makes not many trades but it's necessary to start slowly and increase profits and number of trades gradually.
We have a lot of accounts and it's not necessary to close even 4 years account. The only important thing it's stable trading and increasing profits. You talking in that way because I think that you not millionaire and this is very big money for you but for millionaires it's just one more way to diversify investments.
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.