GPS Robot FxChoice 100k (bei ForexMark)
The user has made his system private.
GPS Robot FxChoice 100k Diskussion
Mitglied seit May 11, 2020
104 Posts
Aug 04, 2020 at 05:19
This is probably one of the rare systems that has actually survived the test of time. But while the long term growth looks impressive, it actually risks a lot for the 1.88% average growth per month.
For example it had a scary drop in equity in April 2020 which it fortunately survived. It sold 385 lots on EU and it would have ended very badly if the trade didn't go the right way. That's exactly the risk with systems that avoid closing losing trades/baskets - you will never have a losing trade/basket - but when you do, that one trade/basket will wipe out your whole account.😭
For example it had a scary drop in equity in April 2020 which it fortunately survived. It sold 385 lots on EU and it would have ended very badly if the trade didn't go the right way. That's exactly the risk with systems that avoid closing losing trades/baskets - you will never have a losing trade/basket - but when you do, that one trade/basket will wipe out your whole account.😭
Aug 04, 2020 at 05:37
Cjohn357 posted:May I suggest you to contact gps support for this. I believe they will be able to help you solve your problem. Cheers:)
Hi,
I just recently purchased the EA, but when I try to get my license number from the members area nothing is appearing. However, it does prompt me with the message 'Account number has been successfully changed!'. Any idea how I'll go about resolving this issue?
Aug 04, 2020 at 05:44
Cjohn357 posted:Just for your info, correct me if I'm wrong, the licence number should be the CBReceipt number that you receipt from GPS email after you purchased the EA. I hope you bought the EA from a trusted link and not from any fake website. Otherwise you could have been scammed. I hope that's not the case with you. Anyway, if you got the email from GPS giving you all the credentials that you need, you just need to follow the instructions given and also follow your user guide page 40 to log into your gps member area and key in your live account number to activate your gps EA, then you should be good to go. Take care. God bless and wish you all the best:)
Hi,
I just recently purchased the EA, but when I try to get my license number from the members area nothing is appearing. However, it does prompt me with the message 'Account number has been successfully changed!'. Any idea how I'll go about resolving this issue?
Aug 04, 2020 at 07:29
SFETrading posted:Yes you are absolutely right about this EA. It is a very good EA, long term stable EA. But the risk is still there. If the reversal trade fails, no one would be able to survive that. Thank God for what I see, it performed very well through many years. Hope that it will continue to do a good job as always. Cheers:)
This is probably one of the rare systems that has actually survived the test of time. But while the long term growth looks impressive, it actually risks a lot for the 1.88% average growth per month.
For example it had a scary drop in equity in April 2020 which it fortunately survived. It sold 385 lots on EU and it would have ended very badly if the trade didn't go the right way. That's exactly the risk with systems that avoid closing losing trades/baskets - you will never have a losing trade/basket - but when you do, that one trade/basket will wipe out your whole account.😭
Aug 04, 2020 at 12:31
Thanks for the guideance @CChong! I realized it was my mistake last night. I didn't realize that the panel on the right was used to enter your live account number for the MT4. I have it up and running now. I appreciate the help! This system have been benefitting me in so many ways so I'm excited to start trading with it.
If we die, we die, but lets make this money while we're living!
Aug 04, 2020 at 14:32
Cjohn357 posted:Great:) glad to hear that you are good to go. Take care, God bless and wish you all the best!
Thanks for the guideance @CChong! I realized it was my mistake last night. I didn't realize that the panel on the right was used to enter your live account number for the MT4. I have it up and running now. I appreciate the help! This system have been benefitting me in so many ways so I'm excited to start trading with it.
In the mean time, we as gps users have a discord app channel that we constantly share our experiences and updating our research and info and discuss any matters about gps. If anyone of you are interested, please feel free to join us using the following link: https://discord.gg/kmGJ3YX
Thanks and keep up the good work everyone. God bless and bye:)
Aug 05, 2020 at 05:29
Many thanks to Mark for showing us a long 8 years of account with gps robot. That helped me a lot by showing to others and prove to them it does work and still working today. To that, all credits go to Mark. Thanks a lot Mark. Greatly appreciated:)
Aug 05, 2020 at 05:37
Having said so, just so you know, in fact some of us as gps users also saw another account by Antony Kemble that lasted even longer for 11 years (started from 2009 until present). I don't see any other EAs that could beat GPS forex robot's record. At least not that I know of even until this day.
So kudos to GPS! That's why I only promote GPS robot and no other EAs for now. And for other investments, apart from GPS forex robot, I only promote MTI. (Mirror Trading International). Both GPS and MTI are truly great and trusted. You can't go wrong with any of them. I can't promote anything here because I need to respect the owner and users. If anyone interested, you can message me in private and i can send you more info. That's all I could do for you.
I love GPS forex robot. So far I haven't had any major failure at all with EURUSD pair. Same with Mark, we only used EURUSD pair and not the other three pairs (namely: GBPUSD, EURGBP and USDCHF). Because i believe EURUSD is still the best stable and profitable pair.
Wish you all the best in your trading experience with GPS. Bye and God bless:)
So kudos to GPS! That's why I only promote GPS robot and no other EAs for now. And for other investments, apart from GPS forex robot, I only promote MTI. (Mirror Trading International). Both GPS and MTI are truly great and trusted. You can't go wrong with any of them. I can't promote anything here because I need to respect the owner and users. If anyone interested, you can message me in private and i can send you more info. That's all I could do for you.
I love GPS forex robot. So far I haven't had any major failure at all with EURUSD pair. Same with Mark, we only used EURUSD pair and not the other three pairs (namely: GBPUSD, EURGBP and USDCHF). Because i believe EURUSD is still the best stable and profitable pair.
Wish you all the best in your trading experience with GPS. Bye and God bless:)
Aug 05, 2020 at 05:41
Just so you know, Antony Kemble is one of the GPS forex Robot EA programmer. I thank God for Antony and Mark and many others who worked so hard with all they have and brought to us such a robust, very trusted long term profitable great EA. Good job and keep it up!
Mitglied seit Feb 22, 2011
4862 Posts
Aug 05, 2020 at 07:10
chkochong posted:
Just so you know, Antony Kemble is one of the GPS forex Robot EA programmer. I thank God for Antony and Mark and many others who worked so hard with all they have and brought to us such a robust, very trusted long term profitable great EA. Good job and keep it up!
You are particulary right, it is long term system,
on the other hand the performance is weak, the DD is about 40% and yet this year profit, so more than half a year is 4%.
With such risk you should get 4% monthly not halfyearly.
Aug 05, 2020 at 10:02
Hi All,
I plan to start use this robot in real account. However I am from EU, so max leverage is 1:30 for me on EURUSD. I plan to start trade with 500 EUR balance with 0.02 lots and turn off the auto analysis. What do you think? Mark? Thank yoi
I plan to start use this robot in real account. However I am from EU, so max leverage is 1:30 for me on EURUSD. I plan to start trade with 500 EUR balance with 0.02 lots and turn off the auto analysis. What do you think? Mark? Thank yoi
Aug 05, 2020 at 10:48
togr posted:Thanks for sharing. yes you are right. DD is quite high and less profit. Apart from that, it all depends on individual's settings too. Some have more profits, some with less so. The higher the profits, the greater the risks they are. simple as that. Mark's settings are considered low risks. We call it slow settings. With fast settings, many could get around 5-8% or so.chkochong posted:
Just so you know, Antony Kemble is one of the GPS forex Robot EA programmer. I thank God for Antony and Mark and many others who worked so hard with all they have and brought to us such a robust, very trusted long term profitable great EA. Good job and keep it up!
You are particulary right, it is long term system,
on the other hand the performance is weak, the DD is about 40% and yet this year profit, so more than half a year is 4%.
With such risk you should get 4% monthly not halfyearly.
Aug 05, 2020 at 11:58
cene89 posted:
Hi All,
I plan to start use this robot in real account. However I am from EU, so max leverage is 1:30 for me on EURUSD. I plan to start trade with 500 EUR balance with 0.02 lots and turn off the auto analysis. What do you think? Mark? Thank yoi
I believe Mark may answer your questions but he could be busy with lots of things. Just to be honest, I have also asked him some questions too in the past, he did mention that he might not be able to answer all our questions frequently so I understand him and accept his reasons.
For your questions, I think Mark might also refer you to gps support for more help. That's what he told me to do last time. Anyway, just to share with you my thoughts, I think you are good to go with your 500 balance, leverage 1:30 and lot size of 0.02, normally the recommended lot size used for 500 balance is 0.05 lot, but since you reduce it to 0.02 lot, you have more than enough and safe to go ahead as you wish to. That's just my own opinion for you only. Not a professional, legal or financial advice at all. Any trading is risky, so make your own decision at your own risk. As always, do not invest money that you cannot afford to lose. Hope for the best, and prepare for the worst. That's how it is.
If you need any link to buy this robot, you can PM me, because I don't want to post it here for any unncesscary misunderstanding or bad actions against me. I'm not a businessman and I'm not working for gps. Just an ordinary gps user. that's all.
Wish you all the best in your experience with gps. Take care and God bless:) In the mean time, i have also mentioned somewhere earlier in this discussion channel that we have a gps discord group that share out experiences and lots of updated info about using gps. If you are interested, you can click the discord link listed at one of the previous posts and join us for free. Welcome to the gps world:) God bless and bye:)
forex_trader_1712030
Mitglied seit Aug 04, 2020
8 Posts
Aug 05, 2020 at 18:35
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. 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?
04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.
Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. 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?
04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.
Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Aug 06, 2020 at 06:34
decapped posted:Hi decapped, thanks for bringing out this question. good observation. 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. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. 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 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. 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. Cheers:)
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. 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?
04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.
Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Mitglied seit May 11, 2020
104 Posts
Aug 06, 2020 at 09:38
Thanks for the detailed reply.
It still worries me though...even if the Reversal (or Revenge?) trade is highly accurate, let's say 99% accurate...eventually you would come across that 1% where the reversal trade fails, and you will be in deep trouble.
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?...😞
It still worries me though...even if the Reversal (or Revenge?) trade is highly accurate, let's say 99% accurate...eventually you would come across that 1% where the reversal trade fails, and you will be in deep trouble.
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?...😞
forex_trader_1712030
Mitglied seit Aug 04, 2020
8 Posts
Aug 06, 2020 at 09:47
chkochong posted:decapped posted:Hi decapped, thanks for bringing out this question. good observation. 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. GPS forex robot EA strategy in my understanding is this: Let's just take EURUSD pair as an example. Every time GPS place a new EURUSD trade, it will always be a BUY trade (for EURUSD), same time, every time. If you set AA (Auto Analysis) to False, then it will place one EURUSD trade every day at the same time. 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 95.1 pip lost trade found in Mark's account somewhere), then GPS will immediately place a SELL trade (it's called a REVERSAL TRADE) of a multiplier of 5.9 times (as default settings) bigger lot size of the original lot size of the normal trades to recover the losses from the previous lost trade. In this case, Mark has increased that 5.9 mulitiplier to 7.0, that's why you saw the 385 lot which is 7.0 times bigger than the lot size of 55 for the normal trades. 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. Cheers:)
I have two question;
it is look like as soon as market open 1:00 you get 55 lot long Euro/USD on 07.30.2020 for 1,17947 hold until 1.17982 and close it with 3.5 pips in 15hour. But in this 15hour you had 63 pip loss 18 times bigger than profit. It is look like you enter 5% of equity. 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?
04.16.2020 you lost on a long trade -8.11% you get position size 55 and as soon as you close that loser you enter opposite side with 385 lot short ! and hold 6 days and close with 10.35% profit.
Here is the second questions;
You have 19 trade 18 of them has 55 lot, only one of them has 385 lot and it is just after a losing trade. This is simply revenge trade (A lucky one) Is this a human or robot?
Yes CChong you are right both I am new here and your explanation helps me. So this is automated trade user desired to take everyday long or short (by setup false in code) Than when loss come out system takes opposite trade with the user determined position size (you right it is 7 times bigger) Again as I understand from your post 95 pips is standard stop loss. It is very interesting, I would never use it because there is amazing risk 200 leverage account take 5% risk and when you wrong take another 35% risk and hold it 6 days and nights is not for me but again it is interesting idea to turn revenge trade to half-automated trade.
Thanks
