How to buy this EA? Please message me in private. I will give you the link. But in this 15hour you had 63 pip loss 18 times bigger than profit.
I expect that you are taking long because it is up trend and hold it until even small profit occurs but what about when things getting wrong? Where is stop? Here is the second questions; You have 19 trade 18 of them has 55 lot, only one of them has lot and it is just after a losing trade. This is simply revenge trade A lucky one Is this a human or robot?
Hi decapped, thanks for bringing out this question. I think Mark will answer you in his available time. Looks like you are new here and know nothing about gps forex robot strategy. I'm quite bad with statistics and math and I'm not Mark so I can't help much in this. But, perhaps please allow me to at least just explain some basics here so you could understand better about gps.
It never change. Always the same. But, until when a lost trade happen one day with a 88 pips or more lost if i'm not mistaken, I think I saw there was a In this case, Mark has increased that 5. I hope that helps. That is how gps forex robot EA works for you. Simple as that. As for other questions, let's wait for Mark reply then. Thanks for the detailed reply.
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It still worries me though 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? Please login to comment. Share Share this page! About Blog. Terms Privacy Site Map. All Rights Reserved. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. During the demo or trial stage, you can get familiar with the settings and parameters used by the robot and understand how it works. The most important thing a trade should remember when choosing a robot is that there are no guarantees when it comes to making profits from forex and CFD trading. You should avoid robot products that guarantee financial gains without any form of a money-back guarantee.
Most of the leading forex trading robots offer a minimum of 60 days trading and a full refund, which makes them appear less likely to be a scam. Although forex trading robots promise to deliver profitable trades, not all of them are efficient as they market themselves to be. Some of them are considered as scams by the federal governments across the globe. It is hard to distinguish the good brokers from the bad ones as online robot merchants try to boost the ranking of their own robots by claiming the others are scams. A lot of them advertise with claims of people making huge money by applying these systems.
However, the reality is that several traders and investors have lost a lot of money using some of the free and paid forex trading robots.
To see the effectiveness of a forex trading robot, kindly check out the reviews and authoritative testimonials online. While the bots can scan millions of charts within seconds or minutes, not all of them churn out the correct information.
GPS Forex 3 Robot Review
This is because even though they can perform highly sophisticated tasks, and many at once, they are still robots and are incapable of creative thinking. They are not designed to imagine what might take place in the near future, as their functionality is strictly based on their initial programming. For traders that use bots, it is recommended not to fully depend on it for carrying out all trading activities. Ultimately, forex trading demands human research and observation. Humans can follow up with various economic conditions, keep up with news in the financial world, and make some bold trading moves.
Hence, even though forex trading robots are effective, you have to conduct a lot of research to find the ones that fit what you are looking for and have honest reviews. Forex Trading for Beginners.
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We Introduce people to the world of currency trading. Skip to primary navigation Skip to main content Skip to primary sidebar Skip to footer Automated trading has become popular in the forex and CFD trading world. Top Four Forex Robots The top four forex trading robots discussed here were selected after looking at the services they offer and their various features.
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GPS Forex Robot 3 is a leading forex trading robot in terms of trading styles as it offers 12 selectable trading styles and strategies Forex Astrobot is a forex trading robot designed with various features that would make you profit and protect you from loss. Onyx Scalper is a user-friendly trading robot that has a conservative, medium, and aggressive trading models. Forex Gump is the best news trading robot as it has an expert advisor with trendy a candle and News Filter.
How do Forex Robots Actually Work? The price of the robot is on the lower tier of good expert advisor robots available in the broader market place, but still holds its own performance wise when compared to more expensive expert advisors. GPS Forex 3 Robot is one of the most tested expert advisors on the market today which a history going back over 10 years. I plan on doing more testing of this robot in the future on a real live account but for this initial post and review of the GPS Forex 3 Robot I will go over my findings from testing the robot out with a k demo account.
I will also show you the results that others have had including the owner Mark Larsen and his k account. Below is a link to the MyFXbook account if you would like to check it out. I will post some screen shots from his account below and describe just how the GPS Forex 3 Robot operates and makes the Forex investor money. Monthly return has averaged 1. I look forward to updating this blog with my own returns in the near future. It should be a fun process. Remember that this is a marathon and not a sprint so you dont want to input crazy settings that will blow your account.
- GPS 2 Expert Advisor
Another pointer is to try and run leverage or less incase your bot needs to make a reversal trade it has the free margin available to do so. Many Forex traders screw this up and blow their accounts. Remember slow and steady is what we are looking for here. The results I had for one month back in September were very similar to what Mark Larsen, GPS Robot creator, has experienced with his live account over the past eight years. I have provided a screen shot of my demo account results below.