GPS Forex Robot Review - Algorithm, Performance, and Traders Reviews.
5 star GPS review by Arhab, United Arab Emirates
Already in November, this reversal trade closed in profit and I was very pleased with the result, but when the trade was closed I was very happy because it turned out that all these days, additional profit was accumulated on the swap...
What is GPS Forex?
GPS Forex Robot is forex expert advisor (EA) for the MetaTrader platform introduced by Mark Larsen and two other programmers in 2010.
Developers describe the trading system this way: Like the GPS navigator in the car the robot is trying to predict the short term movement with a very high probability. That's why we decided to call it a "GPS Forex Robot". 98% of the time, it is right. In the 2% of cases when it is wrong we added a great reverse strategy inside which instantly opens a trade in an opposite direction and covers the small loss.
GPS Forex robot 3 is the latest version of this EA. Compatible trading instruments are EURUSD, USDCHF, and EURGBP currency pairs. A specific trading timeframe is not required.
Please also check out the details of almost 10 year of Real Account Performance Test of GPS Robot on Forex Peace Army. It's one of our longest running tests and over the time GPS EA turned impressive 570% of profit (at the time of this description update).
Please read GPS Forex Robot Reviews below and share your live trading experiences with this EA.
|Contact:||firstname.lastname@example.org, (323) 284-4992|
GPS Forex Robot Performance tests
|Status||Account||Product||P/L Weekly,%||Weeks tested||P/L Gross,%|
|GPS Forex Robot||+0.34||573.1||+589.23|
|GPS Forex Robot||+0.58||107||+84.841|
Do not waste your time with this robot
Good stable trading already three months
I have traded this robot already for three months and I have good experience. I traided several robots before but currently I stop my choice on gps robot. It trades not so often but most of my trades are win! I am really glad that I found this robot and added it to my case.
Moreover, support friendly helped me to install and configure it on my PC without any other charges... as I understand it included in the initial price.
Some little issue is that they required to use VPS. I would like to trade on my own PC but they told me that it was not so stable as they robot need. The robot requires 24/7 to be online with a stable internet connection... So they adviced me to use their VPS... But at the end I am happy that I tried it because it takes my trading on the next level. I didn't know that VPS is so confortable to trade. No need to keep my PC online every day.
No answer and MT4 acc credentials not working
I can`t write a full review because I didn`t buy it.
I am really studying to buy an EA and I was considering to buy this one but two things concerned me:
1 - They advertise we can check real results by logging into a real MT4 account and check history. Well, as of friday, june 3rd, 2022, NO WE CAN NOT. It says on MT4 it is an invalid account, so we actually can`t get in therefore it is not true we can check it. Maybe it was true someday, but it is not anymore. Or maybe it`s on purpous because they may want to hide some bad trades. (just wondering)
2 - I sent them an email with some questions, including the real account login not working, on thursday june 2nd, 2022. They said they would answer in 24 hours, but at the end of friday 3rd, 2022, more than 36 hours passed and they didn`t answer at all.
So, my friends, I hoped for the best and really wanted to buy this EA, but after these 2 facts just raised some flags, which I share with you, or ppl who might be considering buy this EA.
Green pips to everyone.
Stable and profitable if you let it work
Already in November, this reversal trade closed in profit and I was very pleased with the result, but when the trade was closed I was very happy because it turned out that all these days, additional profit was accumulated on the swap, so because of the swap, the broker accrued additional profit every day for my account. It turned out that the advisor's GPS deal turned out to be long, painful, but at the same time very profitable for me: the robot completely covered the loss after the first deal, and also due to the fact that the reversal deal was opened for a long time, the swap profit was additionally accrued, as a result I got a big plus on my deposit.
This was the first such long trade, usually the robot closed them quickly, but this once again shows that forex can be a very risky business, so study it before thoughtlessly investing money.
Regarding their support, instructions and website, it seems to me they do everything in too much detail, because most traders are familiar with advisors and the instructions where they write left-click there, they seem a little childish to me, but maybe it will be useful to someone. The support is ordinary, I can't say something bad or very good, just normal ordinary support, like everyone else, in my opinion. Perhaps because for me it is more important that the robot is stable and therefore I am not very interested in all this about instructions.
In general, I am satisfied with the robot. Of course, waiting for the closure of deals is unpleasant, but in the end it was worth it, because sometimes the thought came to me to close the deal manually and accept the loss. Oh, how I would regret it now, I'm glad that I didn't get in the way and I let the robot work. Thanks!
You can nervous but gps always reaches its goals
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Please come back often as reviews get updated or added by users from time to time.
Additionally, we'd recommend to check recent GPSForexRobot community discussions where the users talk about the EA: https://www.forexpeacearmy.com/community/tags/gpsforexrobot/