GPS Robot FxChoice 100k (de ForexMark)
The user has made his system private.
Discusión GPS Robot FxChoice 100k
Sep 05, 2019 at 11:10
Hello,
Yes, this is true. Unfortunately in the current world already long time ago backtests it's just one more thing for marketing for developers who can't provide stable forwardtests on live accounts. They try to find at least something to show to sell their system. We made tests huge number of robots with 10 years ideal backtests with 99% mq and no one system not shows stable trading on forwardtest more than few weeks. Only forwardtests, only real money accounts, only long term. Moreover be sure that you use not pirate copy because it will not support full analyzes in any case.
Best regards,
Mark
Yes, this is true. Unfortunately in the current world already long time ago backtests it's just one more thing for marketing for developers who can't provide stable forwardtests on live accounts. They try to find at least something to show to sell their system. We made tests huge number of robots with 10 years ideal backtests with 99% mq and no one system not shows stable trading on forwardtest more than few weeks. Only forwardtests, only real money accounts, only long term. Moreover be sure that you use not pirate copy because it will not support full analyzes in any case.
BroomFx posted:for future messages please not send me pm, I not have possibility to answer fast, please just contact support directly.
Best regards,
Mark
GPS Robot
Oct 03, 2019 at 23:15
Ramsis81 posted:
Dear all,
Please I want to buy this EA : GPS Forex Robot 3
I have a littre capital of 500$. How much can I make profit in one month with this robot.
Do you recommand it ?
If you have $500 to invest and don't have an idea about how much you will make based on what you saw on GPS web site/myfxbook then you are not ready for live forex trading. You need to go and practice on Demo account.
Miembro desde Sep 24, 2018
posts 19
Nov 26, 2019 at 16:42
So about whether or not to use the ReverseTrade option: if you're not using it, you'll take a 90 pip loss occasionally. As the wins on average are 2 pips, this means you'll need 45 wins per 1 loss to have a profitable strategy. Unfortunately if I look at the history, there were 20 losses on 460 trades, meaning 22 wins per 1 loss. So per this history, it means that without using the ReverseTrade, this EA will NOT be profitable.
HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.
I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.
I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
Miembro desde Jul 26, 2010
posts 88
Nov 26, 2019 at 17:29
dutchdevil posted:You can set the risk to 34 and keep reversing mode on and you are always safe
So about whether or not to use the ReverseTrade option: if you're not using it, you'll take a 90 pip loss occasionally. As the wins on average are 2 pips, this means you'll need 45 wins per 1 loss to have a profitable strategy. Unfortunately if I look at the history, there were 20 losses on 460 trades, meaning 22 wins per 1 loss. So per this history, it means that without using the ReverseTrade, this EA will NOT be profitable.
HOWEVER, what strikes me is that the last losing trade was on 21 February 2017, and had 113 winning trades after that (up till now). So maybe the creators changed something 'recently', such that this strategy is a lot less prone to losing? If so, and with this ratio (113:1), technically the EA is profitable WITHOUT using the ReverseTrade option.
I've therefore decided to turn the ReverseTrade option OFF, and increase my risk to 20 instead of 10. Will update. Let me know if there's a fault in my computations here.
yes
Miembro desde Sep 24, 2018
posts 19
Nov 26, 2019 at 18:07
So but what's the loss of the account when the reverse trade would hit its SL with that risk?
Miembro desde Jul 26, 2010
posts 88
Nov 26, 2019 at 18:12
dutchdevil posted:Can you backtest with the risk of 34?
So but what's the loss of the account when the reverse trade would hit its SL with that risk?
yes
Miembro desde Sep 24, 2018
posts 19
Nov 26, 2019 at 20:40
Nope, they've disabled backtesting for GPS Robot. I truly wish I could backtest this EA
Nov 26, 2019 at 22:05
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
Miembro desde Jul 26, 2010
posts 88
Nov 27, 2019 at 09:21
(editado Nov 27, 2019 at 09:22)
delanth posted:The question is as follows :
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
What will happened for the ea if I set the risk to 34 instead of 10?
yes
Miembro desde Sep 24, 2018
posts 19
Nov 27, 2019 at 17:02
delanth posted:
Trade the EA the way they designed and tested it for. The key area you are leaving out of your analysis is that lets say you take a big hit next week, then you will take much much much much longer to get close to recovering. Why? Because after you lost a chunk of your account you will now have to trade at much lower lot sizes. This mean that your hill get steeper. Or you will have to double your original lots side with a much smaller account balance. This mean that you are facing a dead end.
Hi, yes agreed. But the way it is designed, is flawed as there is no escape plan from the reverse trade (outside of blowing the entire account). And yes this has been forward tested for a decade now, but there was a reverse trade that took 6 days to recover. Honestly at that point you have no control anymore over what will happen. They dodged a bullet there, because if it would have blown, this account would have been wiped out.
Therefore the alternative; don't enter the reverse trade, take the 90 pip loss and continue on, hoping that on average you have more wins than losses.
Nov 28, 2019 at 01:40
dutchdevil posted:delanth posted:
They dodged a bullet there, because if it would have blown, this account would have been wiped out.
They probably would have infused more cash to save their account. so the bottom line is about leverage here.
Miembro desde May 08, 2018
posts 2
Dec 28, 2019 at 03:42
too good to be true
Never give up on your dreams
Jan 20, 2020 at 07:17
Can anyone here request a refund from GPS ROBOT? I have requested a refund from GPS support but I do not have any help. Which is very shameful when buying a reply to the mail very quickly But when wanting a refund, there is no response.
Or any1 want this robot I can sell this robot to you $149.
Thanks
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