GPS Robot FxChoice 100k (de Mark Larsen )
Gain : | +584.35% |
Drawdown | 37.70% |
Pips: | 193.0 |
Transactions | 521 |
Gagné: |
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Perdu: |
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Type: | Réel |
Levier: | 1:200 |
Trading: | Automatisé |
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Johan Olwage
(olla)
Membre depuis Feb 28, 2017
posts 43
Sep 13 2019 at 12:03
I am very happy with GPS. Thanks. It has paid for itself in the last year.
Let the market work for you and then follow the winners.
Rami Fourati
(Ramsis81)
Membre depuis Oct 15, 2018
posts 2
Oct 03 2019 at 23:05
Dear all,
Please I want to buy this EA : GPS Forex Robot 3
I have a littre capital of 500$. How much can I make profit in one month with this robot.
Do you recommand it ?
Please I want to buy this EA : GPS Forex Robot 3
I have a littre capital of 500$. How much can I make profit in one month with this robot.
Do you recommand it ?
Ramsis81 posted:
Dear all,
Please I want to buy this EA : GPS Forex Robot 3
I have a littre capital of 500$. How much can I make profit in one month with this robot.
Do you recommand it ?
If you have $500 to invest and don't have an idea about how much you will make based on what you saw on GPS web site/myfxbook then you are not ready for live forex trading. You need to go and practice on Demo account.
Hi all,
what kind of slippage do you get with this and with what lot size?
what kind of slippage do you get with this and with what lot size?
Johan Olwage
(olla)
Membre depuis Feb 28, 2017
posts 43
Oct 16 2019 at 10:20
Slippage is dependent on the broker. I have no slippage problems with the EA and trade it 0.01 per $100 of account size.
Let the market work for you and then follow the winners.
dutchdevil
Membre depuis Sep 24, 2018
posts 19
Nov 26 2019 at 16:42
So about whether or not to use the ReverseTrade option: if you're not using it, you'll take a 90 pip loss occasionally. As the wins on average are 2 pips, this means you'll need 45 wins per 1 loss to have a profitable strategy. Unfortunately if I look at the history, there were 20 losses on 460 trades, meaning 22 wins per 1 loss. So per this history, it means that without using the ReverseTrade, this EA will NOT be profitable.
HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.
I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.
I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
fmlbfx2010
Membre depuis Jul 26, 2010
posts 87
Nov 26 2019 at 17:29
dutchdevil posted:You can set the risk to 34 and keep reversing mode on and you are always safe
So about whether or not to use the ReverseTrade option: if you're not using it, you'll take a 90 pip loss occasionally. As the wins on average are 2 pips, this means you'll need 45 wins per 1 loss to have a profitable strategy. Unfortunately if I look at the history, there were 20 losses on 460 trades, meaning 22 wins per 1 loss. So per this history, it means that without using the ReverseTrade, this EA will NOT be profitable.
HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.
I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
dutchdevil
Membre depuis Sep 24, 2018
posts 19
Nov 26 2019 at 18:07
So but what's the loss of the account when the reverse trade would hit its SL with that risk?
fmlbfx2010
Membre depuis Jul 26, 2010
posts 87
Nov 26 2019 at 18:12
dutchdevil posted:Can you backtest with the risk of 34?
So but what's the loss of the account when the reverse trade would hit its SL with that risk?
dutchdevil
Membre depuis Sep 24, 2018
posts 19
Nov 26 2019 at 20:40
Nope, they've disabled backtesting for GPS Robot. I truly wish I could backtest this EA
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
fmlbfx2010
Membre depuis Jul 26, 2010
posts 87
Nov 27 2019 at 09:21
delanth posted:The question is as follows :
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
What will happened for the ea if I set the risk to 34 instead of 10?
dutchdevil
Membre depuis Sep 24, 2018
posts 19
Nov 27 2019 at 17:02
delanth posted:
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
Hi, yes agreed. But the way it is designed, is flawed as there is no escape plan from the reverse trade (outside of blowing the entire account). And yes this has been forward tested for a decade now, but there was a reverse trade that took 6 days to recover. Honestly at that point you have no control anymore over what will happen. They dodged a bullet there, because if it would have blown, this account would have been wiped out.
Therefore the alternative; don't enter the reverse trade, take the 90 pip loss and continue on, hoping that on average you have more wins than losses.
dutchdevil posted:delanth posted:
They dodged a bullet there, because if it would have blown, this account would have been wiped out.
They probably would have infused more cash to save their account. so the bottom line is about leverage here.
Saddam Sadd
(saddn55)
Membre depuis Feb 22, 2017
posts 2
Dec 06 2019 at 06:01
too good to be true
Never give up on your dreams
Nice chart and results! But I have never yet copied from myfxbook.. How that works?
Thnx for your answer.. 😄
Thnx for your answer.. 😄
Can anyone here request a refund from GPS ROBOT? I have requested a refund from GPS support but I do not have any help. Which is very shameful when buying a reply to the mail very quickly But when wanting a refund, there is no response.
Or any1 want this robot I can sell this robot to you $149.
Thanks
