I am new here and I have few questions regarding the GPS Forex Robot 3. I have done some research and I apologise in advance if any of these questions were asked before, but I have been unable to find answers so far.
I purchased the robot not too long ago and I have also email support, but after few emails back and forth I still don't have my answers, so I am hoping that someone here can shed some light.
1. All the trades have been placed at the same time: 1 trade per currency pair within the space of 3 seconds. All my trades for the past two weeks have been placed between 01:00:01 and 01:00:04. Is it normal?
2. I had two trades which were losses, but only 1 triggered the recovery trade option. However, the losing trade was left open until it reached a size 34 times bigger than the other winning trades before the system closed it. Is there a way to set losses to be smaller before the trade gets closed and the recovery option kicks in?
(I have read that the SL is at around 88-90 pips away. Is there any chance that could be reduced?)
3. Is there a way to set winning trades to be bigger? All the winning trades closed with a win of 2 pips when they could have gained much more if they stayed open a bit longer. Some of them could have been tens of pips in the green.
I received a 'sort of an answer' by the support team about this, but it is still no clear to me... I copy/paste it below.
'Concerning your trading we suggest you start to use Trailing Stop mode, in this case GPS Robot will move SL value after the price and when price will growing up in this case GPS Robot can generate huge profits. Sometimes GPS Robot can close 20 or even 60 pips of profit. Moreover you can set AutoAnalyzes function to false and GPS Robot will open trades every day. Be careful with Friday because this is the most unstable day on the week. You can disable trading for this day if you prefer. Also at the beginning you can start only with AutoAnalyzes function and after few weeks set Trailing Stop to true. It will be better.
Moreover we recommend you use this settings for EURUSD pair for the current moment because of high instability on the market. We not ask to use such settings right after purchase because it can be more risky because of some users mistakes during installation like wrong lotisize value, unstable connection or other. We always recommend to our users to use GPS Robot in default mode during few weeks or months to be sure that all works correctly and users should see how stable and profitable GPS Robot. But if our user experienced trader so in this case he can start use this settings after one two weeks.'
I know about the existence of the trailing stop function, but I would not know what number to enter. By default they are:
GPSEU_UseTrailingStop: true (by default is on 'false' so I changed it to 'true')
Should I leave 6.0 and 1.0?
Apologies for the long post and thank you for your time.
PS: I have screenshots to support any of my questions if they are not 100% clear.