ForexGump.eu Review

2 REVIEWS
Updated: Dec 30, 2022
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The ForexGump MT4 EA is a forex expert advisor. The Forex Gump automated forex trading software for the MetaTrader platform has been forward tested on a live account by ForexPeaceArmy. The ForexGump.eu forex robot trade on,AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY.
Related sites include ForexEnigma.eu, Fortnite.com.

ForexGump.eu Performance tests

Status Account Product P/L Weekly,% Weeks tested P/L Gross,%
Forex Gump EA -0.45 98 -164.58
Please click the Product name to see detailed test analytics, trading statement, and use our Performance Simulator.
2 REVIEWS

Traders Reviews

C
Tamaulipas, Mexico,
Apr 28, 2022,
Registered user

"Don´t buy this bot please"

Service use: Live Length of use: 0-3 Months
Don´t buy this bot, I started with 8 grand, and end up with 5 en 3 months....Go and check their web site, and see how bad the bot is performing on their own trading accounts....I lost 3 grand, I´m form México, it takes me one entire year to save 1 thousand dollars, I feel so bad, and so sad.
T
Melbourne, Australia,
Oct 23, 2020,
Registered user

Correction

Service use: Live Length of use: 0-3 Months
In my previous review I mentioned concerns about the lack of stop loss. However I have since been advised that you can use a SL from within the settings: SafeEquityStopOut: true, when this is activated in the setting Forex Gump closes all open trades when a percentage of the account equity is in a floating loss.

Oct 20, 2020 - 4 Stars I have tried a number of EAs over the past years but have been largely disappointed. However I am very pleased with my experience so far with ForexGump EA. My ROI from implementation on 28th September 2020 until 21st October 2020 is 39.8% The EA places many trades each day and each with a very small profit target. The Win / Loss ratio is also extremely high.

The setup instructions were very clear and well written. I had no problems at all in setting this up.

On the downside, this EA does not use stop losses and this can be disconcerting. Also I encountered open drawdown of around 25% within the first week which I found somewhat stressful. Fortunately the account recovered within 24 hours and never went into actual drawdown.

Also, like many EA providers, this product does not come with a detailed explanation of how the strategy works, but it it did that may help provide traders with more confidence when their account goes into open drawdown.

So far, the performance and experience has been very rewarding!
1 trader has found this review helpful