GPS Robot FxChoice 100k (By ForexMark)
The user has made his system private.
GPS Robot FxChoice 100k Discussion
forex_trader_275100
Member Since 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 ?
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 ?
forex_trader_275100
Member Since 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
forex_trader_275100
Member Since Sep 17, 2015
126 posts
Mar 24, 2019 at 07:31
nick3232 posted:what is -8?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%)
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.
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.
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?
Member Since 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.
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.
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.
Member Since 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.
Member Since 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.
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.
Member Since Apr 06, 2017
5 posts
May 19, 2019 at 05:58
Anything lower than that is not worth the investment.
Member Since Jul 06, 2019
3 posts
Jul 06, 2019 at 20:41
Just enjoying the discussion
Member Since Feb 22, 2011
4862 posts
Sep 04, 2019 at 22:08
BroomFx posted:90% backtesting is close to nothing
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
Member Since 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...
Member Since 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.
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.
