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GPS Robot FxChoice 100k (bei ForexMark)

The user has made his system private.

GPS Robot FxChoice 100k Diskussion

Oct 01, 2012 at 08:52
51,828 Angesehen
618 Replies
apple1st
forex_trader_275100
Mitglied seit Sep 17, 2015   126 Posts
Mar 24, 2019 at 07:27
Hi!
So this is Automated Robot trading ! So where i can see Robot Site or Page to learn what type of strategy ...
Drawdown 30% detected and daily +0.07 % for most Popular System...😝 interesting what they offer in Robot Selling

What this strategy based on ?
SL TP ?
apple1st
forex_trader_275100
Mitglied seit Sep 17, 2015   126 Posts
Mar 24, 2019 at 07:29
1 question bro - can you mace at less 100 USD withdrawl to confirm its normal real acc - not a fake
apple1st
forex_trader_275100
Mitglied seit Sep 17, 2015   126 Posts
Mar 24, 2019 at 07:31
nick3232 posted:
olla posted:
I have been trading this live for just over 8 months. Support is poor with these guys. They will deny it, but I have experienced it.
The EA is fine for EURUSD only, if you are looking for 1 to 3% per month.

This Year +1.43% (-8.31%)
what is -8?
Mitglied seit Jan 22, 2018   8 Posts
Mar 31, 2019 at 08:14
refer to my previous posts regarding this EA if needed...
Do not waste your time and money on this EA, this EA lost me close to 30,000 USD.
I mentioned EURUSD is stable and may be used; however i left it in effect and it eventually led to a losing trade; that is with trailing stop on for the posts above that wanted to know.
The profits are slow and small, and it is obviously not worth the reward.
I am doing everything in my power to warn everyone else so they dont end up where i am, this is the least i can do with the fact that they wont be responsible for my 30,000.
Mitglied seit Nov 30, 2015   12 Posts
Apr 18, 2019 at 06:17
does any1 know if the owner sees this or even replies to the emails???
dj_h63@
Mitglied seit Dec 10, 2018   4 Posts
Apr 22, 2019 at 07:07
Can I follow you
Mitglied seit Dec 10, 2018   4 Posts
Apr 22, 2019 at 07:10
How can I get your signal
Mitglied seit Dec 08, 2011   41 Posts
May 17, 2019 at 02:33
jl3onez posted:
refer to my previous posts regarding this EA if needed...
Do not waste your time and money on this EA, this EA lost me close to 30,000 USD.
I mentioned EURUSD is stable and may be used; however i left it in effect and it eventually led to a losing trade; that is with trailing stop on for the posts above that wanted to know.
The profits are slow and small, and it is obviously not worth the reward.
I am doing everything in my power to warn everyone else so they dont end up where i am, this is the least i can do with the fact that they wont be responsible for my 30,000.

What are the details? How long have you been trading forex? Did you understand enough about margin and leverage before starting this EA? Was it 30K in your account at one time or you had smaller accounts and have refunded it a few times? Did you understand that the recovery trade is 7 time the lot size of the losing trade that it is aiming to recover from?
Mitglied seit Apr 06, 2017   5 Posts
May 17, 2019 at 06:15
I also want to repeat my previous comments. I have given this EA several tries. This ea ALWAYS loses eventually. The reverse trade takes place immediately regardless of market dynamics.

Yes this EA has a very high win percentage but instead of multiplying the next triggered trade by 7 it opens a reverse trade 7 times as large immediately after closing the initial losing trade making this EA a loser.

Run away.

Mitglied seit Dec 08, 2011   41 Posts
May 18, 2019 at 03:46
xsuperfiendx posted:
I also want to repeat my previous comments. I have given this EA several tries. This ea ALWAYS loses eventually. The reverse trade takes place immediately regardless of market dynamics.

Yes this EA has a very high win percentage but instead of multiplying the next triggered trade by 7 it opens a reverse trade 7 times as large immediately after closing the initial losing trade making this EA a loser.

Run away.


 '...it opens a reverse trade 7 times as large immediately after closing the initial losing trad...'
What you stated is the strategy of the EA. So what are you trying to say?
You over leveraged your account and as such, your account got blown by the recovery trade. Had you gone for 2% return pr month you would have still been in the game making $600/month without hard work.
Mitglied seit Apr 06, 2017   5 Posts
May 19, 2019 at 05:55
delanth posted:
xsuperfiendx posted:
I also want to repeat my previous comments. I have given this EA several tries. This ea ALWAYS loses eventually. The reverse trade takes place immediately regardless of market dynamics.

Yes this EA has a very high win percentage but instead of multiplying the next triggered trade by 7 it opens a reverse trade 7 times as large immediately after closing the initial losing trade making this EA a loser.

Run away.


 '...it opens a reverse trade 7 times as large immediately after closing the initial losing trad...'
What you stated is the strategy of the EA. So what are you trying to say?
You over leveraged your account and as such, your account got blown by the recovery trade. Had you gone for 2% return pr month you would have still been in the game making $600/month without hard work.

No, I actually tested the 'over leveraged' theory by keeping risk much lower than recommended by the creator. I was using 0.01 lots per $1,000 invested. The strategy is flawed.
Mitglied seit Apr 06, 2017   5 Posts
May 19, 2019 at 05:57
And.. I did not blow my account. Sure, lost a few pennies but there's a reason I traded such a low risk volume -- To prove that the EAs strategy is flawed. Any seasoned forex trader would have noticed that at first glance of the trade history on the sample accounts provided here. Here is the strategy - 98% win ratio due to 2 pip gains. Opens reverse trade after large initial loss, then that reverse trade has no stop-loss practically as the stop loss is 50% of account equity.

Now this is with an ultra low risk account, imagine trying to keep up with let's say the average return of QQQ within the last 10 years. Risk would have had to be turned up so high that the reverse trade would have blown the account at some point due to a 50% stop-loss.
Mitglied seit Apr 06, 2017   5 Posts
May 19, 2019 at 05:58
Anything lower than that is not worth the investment.
Mitglied seit May 20, 2019   1 Posts
May 21, 2019 at 06:01
is a bot?
Mitglied seit Jul 06, 2019   3 Posts
Jul 06, 2019 at 20:41
Just enjoying the discussion
Mitglied seit Mar 06, 2015   27 Posts
Jul 07, 2019 at 06:08
what is the good setting for the ea any one can share?
Mitglied seit Sep 10, 2018   1 Posts
Sep 04, 2019 at 21:18
Ok i'm Not saying GPS is a good system or a bad system I'm simply sharing Backtest images because I know you can't test it after you buy it

Anhänge:

Follow me and you never go hungry again.
Mitglied seit Feb 22, 2011   4862 Posts
Sep 04, 2019 at 22:08
BroomFx posted:
Ok i'm Not saying GPS is a good system or a bad system I'm simply sharing Backtest images because I know you can't test it after you buy it
90% backtesting is close to nothing
Mitglied seit Jun 30, 2011   53 Posts
Sep 05, 2019 at 06:56
The Expectancy is too low to think that in a real market you will have the same trade like in BT and following the myfxbook account...
Mitglied seit Feb 22, 2011   4862 Posts
Sep 05, 2019 at 06:58
GPS is making 2% monthly with 30% DD
I have system with 2% monthly and 20%, one trade at time no marti. Yet I am going to close it as do not consider it good enough and use funds for other system of mine.
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