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?...😞
Thanks! Again, that is a very, very good question. You are abslolutely right:) I have the same worries as you do. There is no 100% guarantee that this won't happen. In my opinion, that is the greatest challenge and risk of using gps. And 'No'. There is no plan B for this strategy. And 'Yes', if you choose to switch off the Reversal Trade function. That will do. But, the 88 pip lost amount will require a lot of winning trades to recover. simple as that. So it's up to you to decide what you want to do. You have three choices: 1. Trust GPS and let it do its job as always. 2. Switch off the reversal trade and slowly win back the losses which could take weeks or so, or never able to win back before another lost trade happened. 3. Walk away and forget about GPS robot. Simple as that:)