Discuss GPSForexRobot.com

[KennethL]

If you have Trade Analysis set to True, indeed it would trade on average 1 week per trade. That’s normal.

 

[res114]

Does anyone know which Brokers the GPS Robot works well with? I have a IG account and although it installs and appears to work fine - it doesn't make any trades.

IC Martkets is fine

 

[Opanmool]

Update:20200909~~
recently i only run EURUSD with GPS cause i have other EAs to run the same account!!!
this setting still 100% win rate now and i change the GPSEU_RevAfterSL_Multiplier=6.0~~

if you are using ECN with commissions account, the recover trade will always let you lose commissions so it not necessary to change it to 7.0, just use default5.9 or 6.0 will be ok!
the same with standard account~
standard account will not lose money with recover trade, use 5.9 or 6.0 will be fine and low risk!!

GPSForexRobotEURUSDv3=
____Size_Of_Lots____=---------------------------------------------
UseMM=true
Lots=0.01
LotsRiskReductor=20.0
____Trading_Days____=---------------------------------------------
AutoAnalysis=false
GPSEU_TradeMonday=true
GPSEU_TradeTuesday=true
GPSEU_TradeWednesday=true
GPSEU_TradeThursday=true
GPSEU_TradeFriday=true
____General_Options____=---------------------------------------------
AutoGMTOffset=true
GMTOffset=1
StealthMode=true
Slippage=2
SeveralTradesAllowed=true
GPSEU_MagicNumber=8
__Recovery_Trade_Options__=---------------------------------------------
GPSEU_UseRevAfterSL=true
GPSEU_RevAfterSL_Multiplier=6.0
GPSEU_RevAfterSL_MagNumber=88
____Trailing_Stop____=---------------------------------------------
GPSEU_UseTrailingStop=true
GPSEU_TrailingDistance=6.0
GPSEU_TrailingStep=1.0

THIS SETTING ONLY FOR EURUSD!!!!!

Can I change lot size or no?

 

[Johnny_SFX]

If you have Trade Analysis set to True, indeed it would trade on average 1 week per trade. That’s normal.

Hi, thank you for your response. I have discovered that one of the issues was that the GPS Robot was running on a Spread bet version of IG's MT4 system, as opposed to a CFD version. The CFD version seems to work properly, although the reverse trade does not seem to kick in (I had to close it manually after several hours to prevent big losses). I'm still testing it with different settings.

 

[Johnny_SFX]

Can I change lot size or no?

Hi, thank you for your response. I have discovered that one of the issues was that the GPS Robot was running on a Spread bet version of IG's MT4 system, as opposed to a CFD version. The setings that you have there are similar to mine - where you are using a 'forced trade' setting - i.e: you have set the bot to trade every day.
One interesting thing I have found is that on those settings it opens a trade each day at the exact same time - in my case 11:00 pm each day. I had to close it manually after several hours last week to prevent big losses. I'm still testing it with different settings.

 

[matcut1]

Anybody knows if I can increase the take profit value, for example right now the bot is closing the trade around 2 pips. Think it would be possible to increase it like 10 pips or something?

 

[Check]

GPS Forex Robot V3 Cent - https://www.myfxbook.com/members/acealert/gps-forex-robot-cent/6426633

Forget GPS V3. You lose all money like this account. GPS supported broker therefore never lose an account like you.

 

[charanggpy]

Update:20200909~~
recently i only run EURUSD with GPS cause i have other EAs to run the same account!!!
this setting still 100% win rate now and i change the GPSEU_RevAfterSL_Multiplier=6.0~~

if you are using ECN with commissions account, the recover trade will always let you lose commissions so it not necessary to change it to 7.0, just use default5.9 or 6.0 will be ok!
the same with standard account~
standard account will not lose money with recover trade, use 5.9 or 6.0 will be fine and low risk!!

GPSForexRobotEURUSDv3=
____Size_Of_Lots____=---------------------------------------------
UseMM=true
Lots=0.01
LotsRiskReductor=20.0
____Trading_Days____=---------------------------------------------
AutoAnalysis=false
GPSEU_TradeMonday=true
GPSEU_TradeTuesday=true
GPSEU_TradeWednesday=true
GPSEU_TradeThursday=true
GPSEU_TradeFriday=true
____General_Options____=---------------------------------------------
AutoGMTOffset=true
GMTOffset=1
StealthMode=true
Slippage=2
SeveralTradesAllowed=true
GPSEU_MagicNumber=8
__Recovery_Trade_Options__=---------------------------------------------
GPSEU_UseRevAfterSL=true
GPSEU_RevAfterSL_Multiplier=6.0
GPSEU_RevAfterSL_MagNumber=88
____Trailing_Stop____=---------------------------------------------
GPSEU_UseTrailingStop=true
GPSEU_TrailingDistance=6.0
GPSEU_TrailingStep=1.0

THIS SETTING ONLY FOR EURUSD!!!!!

hi recentely i've purchaced this EA, Are you still using these set files. is it recomonded to use this set file currently ?