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GPS Robot FxChoice 100k (By ForexMark )

Gain +559.65%
Drawdown 37.70%
Pips: 304.2
Trades 494
Gagné
Perdu
Type Réel
Levier: 1:200
Trading Automatisé

Discussion

chkochong (chkochong)
Aug 05 2020 at 05:41
62 messages
Just so you know, Antony Kemble is one of the GPS forex Robot EA programmer. I thank God for Antony and Mark and many others who worked so hard with all they have and brought to us such a robust, very trusted long term profitable great EA. Good job and keep it up!

 

togr (togr)
Aug 05 2020 at 07:10
4862 messages
chkochong posted:
Just so you know, Antony Kemble is one of the GPS forex Robot EA programmer. I thank God for Antony and Mark and many others who worked so hard with all they have and brought to us such a robust, very trusted long term profitable great EA. Good job and keep it up!

 


You are particulary right, it is long term system,
on the other hand the performance is weak, the DD is about 40% and yet this year profit, so more than half a year is 4%.
With such risk you should get 4% monthly not halfyearly.

cene89
Aug 05 2020 at 10:02
1 messages
Hi All,
I plan to start use this robot in real account. However I am from EU, so max leverage is 1:30 for me on EURUSD. I plan to start trade with 500 EUR balance with 0.02 lots and turn off the auto analysis. What do you think? Mark? Thank yoi

chkochong (chkochong)
Aug 05 2020 at 10:48
62 messages
togr posted:
chkochong posted:
Just so you know, Antony Kemble is one of the GPS forex Robot EA programmer. I thank God for Antony and Mark and many others who worked so hard with all they have and brought to us such a robust, very trusted long term profitable great EA. Good job and keep it up!

 


You are particulary right, it is long term system,
on the other hand the performance is weak, the DD is about 40% and yet this year profit, so more than half a year is 4%.
With such risk you should get 4% monthly not halfyearly.
Thanks for sharing. yes you are right. DD is quite high and less profit. Apart from that, it all depends on individual's settings too. Some have more profits, some with less so. The higher the profits, the greater the risks they are. simple as that. Mark's settings are considered low risks. We call it slow settings. With fast settings, many could get around 5-8% or so.

chkochong (chkochong)
Aug 05 2020 at 11:58
62 messages
cene89 posted:
Hi All,
I plan to start use this robot in real account. However I am from EU, so max leverage is 1:30 for me on EURUSD. I plan to start trade with 500 EUR balance with 0.02 lots and turn off the auto analysis. What do you think? Mark? Thank yoi


I believe Mark may answer your questions but he could be busy with lots of things. Just to be honest, I have also asked him some questions too in the past, he did mention that he might not be able to answer all our questions frequently so I understand him and accept his reasons.

For your questions, I think Mark might also refer you to gps support for more help. That's what he told me to do last time. Anyway, just to share with you my thoughts, I think you are good to go with your 500 balance, leverage 1:30 and lot size of 0.02, normally the recommended lot size used for 500 balance is 0.05 lot, but since you reduce it to 0.02 lot, you have more than enough and safe to go ahead as you wish to. That's just my own opinion for you only. Not a professional, legal or financial advice at all. Any trading is risky, so make your own decision at your own risk. As always, do not invest money that you cannot afford to lose. Hope for the best, and prepare for the worst. That's how it is.

If you need any link to buy this robot, you can PM me, because I don't want to post it here for any unncesscary misunderstanding or bad actions against me. I'm not a businessman and I'm not working for gps. Just an ordinary gps user. that's all.

Wish you all the best in your experience with gps. Take care and God bless:) In the mean time, i have also mentioned somewhere earlier in this discussion channel that we have a gps discord group that share out experiences and lots of updated info about using gps. If you are interested, you can click the discord link listed at one of the previous posts and join us for free. Welcome to the gps world:) God bless and bye:)

fortex
Aug 05 2020 at 16:10
14 messages
chkochong (chkochong)
Aug 05 2020 at 16:11
62 messages
fortex posted:
How to buy this EA?
Please message me in private. I will give you the link. thanks

forex_trader_[1712030]
Aug 05 2020 at 18:35
8 messages
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop?

04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.

Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?

chkochong (chkochong)
Aug 06 2020 at 06:34
62 messages
decapped posted:
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop?

04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.

Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Hi decapped, thanks for bringing out this question. good observation. I think Mark will answer you in his available time. Looks like you are new here and know nothing about gps forex robot strategy. I'm quite bad with statistics and math and I'm not Mark so I can't help much in this. But, perhaps please allow me to at least just explain some basics here so you could understand better about gps. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. It never change. Always the same. But, until when a lost trade happen one day with a 88 pips or more lost ( if i'm not mistaken, I think I saw there was a 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. I hope that helps. That is how gps forex robot EA works for you. Simple as that. As for other questions, let's wait for Mark reply then. Cheers:)

SFETrading (SFETrading)
Aug 06 2020 at 09:38
87 messages
Thanks for the detailed reply.

It still worries me though...even if the Reversal (or Revenge?) trade is highly accurate, let's say 99% accurate...eventually you would come across that 1% where the reversal trade fails, and you will be in deep trouble.

I know it has survived the test of time until now, but I am not sure if there is any plan B if the Reversal trade fails? Does it have a hard stoploss or will it just keep the trade open until the account is margin called?...😞

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