@FXtrader2010 That is hard to believe with the average takeprofit of about 2 pips during the worst trading hour in the Forex market. Liquidity is thin, slippage is high, and spreads are widened during these times resulting in inaccurate backtests compared to Live forward test.
Expectancy: 2.1 Pips / $1205.34 Trades at Hour 0 and Hour 1
ddr555 posted: Hi I used this robot and lost lot of money. What the vendor is claiming is totally wrong. To me it seems all forged documents presented here to grab money of the buyers. So buyers be aware!!!
thanks for the useless info. what settings, broker, stats of some kind maybe? I could come and say I made a ton of money with this... lol
Hi, The gain is good against the negative points such as High Investment USD 100,000 and Negative pip expectancy -0.3 pips and very high lot size without stop loss means its risky EA. I used this EA and it made more loss than gain in small account of USD 2000. I wounder why its surviving!!!!! It seems its some agreement with broker!!!
this results give me confidence to start using this EA in my real account , with all 4 pair not trading on friday , using 0.01 per every 100$ in the account balance and not trading with AAA news 12H ahead . i only have 10 days trading . but so far so good ,i thing this is not a good EA to set a forget , to succeed using gps forex robot you need to analyze the market and leed it run just went not news ahead , and the market conditions of the asian session have low volatility or calm .
i recommend , testing the EA in a demo account like i did , not to use Money Management at the beginning , use 0.01 per every 200$ , not trade on friday , and not trade AAA news 12-24 ahead
We use all pairs when markets are stable and as you can see we use auto analyzes function and we recommend you use it as well because current markets are unstable. In any case you have not bad results!
You can also use trailing stop mode for your trading because it can increase your profit in geometrical progression. We have used this feature during first year on our 100k account and sometimes during one single trade we got 10%. It's impressive results but be careful - this is more risky method to generate money and this is a reason why we not use it right now on the unstable markets.
but when i turn auto-analysis ON i am just getting 1 trade per week on EURUSD and no trades in the otres 3 pairs . is this behavior right ? or it have to open more trades in this markets conditions ? that's why i took the risk to turn auto-analys OFF and do my own analysis using the economic calendar .. what do you think of this approach?
I have auto-off and trainling-on with distance 5 and step 1. Sometimes close break-even, which make sense, sometimes close 300-400 points which is very good, but i had 2 times it web over 1000+ without closing, and ketp like that during days, going from 1500 points to 700 points profit back to 1500 and then back to 800 and never closing, both i closed them manually. What I am missing? I really dont understand how the trailing work to go up so much then back down so much and never close.
It seems that something wrong on your side that you had big profit and GPS Robot not closed it. Please describe your problem to support. They will help you. I'm currently not near PC. We have a lot of users who wants to get more profit and they accept higher risk and almost for all of them GPS Robot shows great profitable results. At the beginning try to reinstall your copy and check your settings one more time. Be sure that your broker not have any limitations.