GPS Robot FxChoice 100k (de ForexMark)
The user has made his system private.
Discussion GPS Robot FxChoice 100k
Feb 01, 2020 at 12:52
(édité Feb 01, 2020 at 13:19)
I decided to make a purchase of this robot, because opinions on this subject have different views. Therefore, I decided to personally try to use this product in my accounts. At first, the GPS robot was launched on a demo account, and for a while everything was fine, the trade brought decent results. But as soon as I started using my FXChoice live account for trading, within 1 month, the account was completely destroyed. At the same time, I constantly tried to contact support and Mark, asking how to use the robot, but the answers were: '... we are a big company ...', '... we have many users ... ',' ... you used the wrong settings ... '. Later they invited me to start from the very beginning and said that they would gradually explain how to do it. But, unfortunately, after a while the same situation repeated as with the first account, I had to forcibly stop trading when the balance reached -30% with an open recovery transaction. After all this, they generally said that they did not want to deal with me and returned the money for the robot... It’s noticed that some users here say that there are good results but no one showed such an account.
Fichiers joints:
Membre depuis Jul 26, 2010
posts 88
Feb 01, 2020 at 17:47
It means the broker fx choice make manipulation since this ea work well in demo !
cubowull posted:
I decided to make a purchase of this robot, because opinions on this subject have different views. Therefore, I decided to personally try to use this product in my accounts. At first, the GPS robot was launched on a demo account, and for a while everything was fine, the trade brought decent results. But as soon as I started using my FXChoice live account for trading, within 1 month, the account was completely destroyed. At the same time, I constantly tried to contact support and Mark, asking how to use the robot, but the answers were: '... we are a big company ...', '... we have many users ... ',' ... you used the wrong settings ... '. Later they invited me to start from the very beginning and said that they would gradually explain how to do it. But, unfortunately, after a while the same situation repeated as with the first account, I had to forcibly stop trading when the balance reached -30% with an open recovery transaction. After all this, they generally said that they did not want to deal with me and returned the money for the robot... It’s noticed that some users here say that there are good results but no one showed such an account.
yes
Feb 02, 2020 at 07:02
(édité Feb 02, 2020 at 07:02)
fmlbfx2010 posted:I believe that it was just a good period in the market, because when I used the demo account the next time, recovery transactions destroyed the deposit. It is also necessary to keep in mind that here you can expect different options. They use a pool of dynamic libraries and claim that the decision is made by the person on their side. Apparently the person on their side decided that to kill my deposit.
It means the broker fx choice make manipulation since this ea work well in demo !
Membre depuis Feb 22, 2011
posts 4862
Feb 02, 2020 at 09:17
cubowull posted:
I decided to make a purchase of this robot, because opinions on this subject have different views. Therefore, I decided to personally try to use this product in my accounts. At first, the GPS robot was launched on a demo account, and for a while everything was fine, the trade brought decent results. But as soon as I started using my FXChoice live account for trading, within 1 month, the account was completely destroyed. At the same time, I constantly tried to contact support and Mark, asking how to use the robot, but the answers were: '... we are a big company ...', '... we have many users ... ',' ... you used the wrong settings ... '. Later they invited me to start from the very beginning and said that they would gradually explain how to do it. But, unfortunately, after a while the same situation repeated as with the first account, I had to forcibly stop trading when the balance reached -30% with an open recovery transaction. After all this, they generally said that they did not want to deal with me and returned the money for the robot... It’s noticed that some users here say that there are good results but no one showed such an account.
Well EAs are known to produce different results on different brokers. It even produces different results on different servers of the same broker.
However there is a solution for that. I do for example run EA only on my account at my broker and I do mirror trades to any followers account at any brokerage. The results are very close to the master account. It is matter of investment to proper infrastructure and tools.
Feb 02, 2020 at 12:54
togr posted:Yes, indeed different brokers produce different results. The reason is the supply of liquidity to infrastructure. A lot also depends on what principle the EA uses for trading, some use indicators, some use candlestick analysis and so on. The history shows that in this particular case, a mathematical probabilistic model works, with risk management. All things are clear, I'm just very surprised that a person with a reputation claims that it is reliable and profitable, but in practice it turns out differently...
Well EAs are known to produce different results on different brokers. It even produces different results on different servers of the same broker.
However there is a solution for that. I do for example run EA only on my account at my broker and I do mirror trades to any followers account at any brokerage. The results are very close to the master account. It is matter of investment to proper infrastructure and tools.
Feb 02, 2020 at 16:12
I am using FX-Choice and register under GPS ROBOT. The result is not the same as GPS ROBOT Statment. After that, I tried to open a demo using IC Market because I thought that the spread I used was probably not far away ( EU spread was 0 ). But the result is good, but trading is done once a week, unlike Mark or Antony. Have mail to ask for support, GPS can only wait and wait and wait. And then reply. We are a big company with huge mail waiting to receive a response from the GPS Team. Can only read the defense message from the GPS team bah bah bah. In principle, what the client desperately wants to trade like Mark and Anthony show in the statement. Just the GPS team shows the same settings as the customers who bought the GPS ROBOT products, but they only created the words that could make the longggggggggggg conversation email And waste time waiting for an answer from the team for another 4 to 7 days. Is this a big company working like this? Do you really want this? Small companies that do EA, also prepare preset to their customers.
But now, before I request a refund, the GPS Team has notified me of the mail to me to send Preset. They will set it up. But I said goodbye to him already
If anyone GPS customers, take the preset to the staff to see if they can set it up like The account that shows?
Please show me.
Sorry about my English. It's my second language ^^
Good Luck with this EA
But now, before I request a refund, the GPS Team has notified me of the mail to me to send Preset. They will set it up. But I said goodbye to him already
If anyone GPS customers, take the preset to the staff to see if they can set it up like The account that shows?
Please show me.
Sorry about my English. It's my second language ^^
Good Luck with this EA
b2bbchong@
Feb 03, 2020 at 23:25
cubowull posted:
I decided to make a purchase of this robot, because opinions on this subject have different views. Therefore, I decided to personally try to use this product in my accounts. At first, the GPS robot was launched on a demo account, and for a while everything was fine, the trade brought decent results. But as soon as I started using my FXChoice live account for trading, within 1 month, the account was completely destroyed. At the same time, I constantly tried to contact support and Mark, asking how to use the robot, but the answers were: '... we are a big company ...', '... we have many users ... ',' ... you used the wrong settings ... '. Later they invited me to start from the very beginning and said that they would gradually explain how to do it. But, unfortunately, after a while the same situation repeated as with the first account, I had to forcibly stop trading when the balance reached -30% with an open recovery transaction. After all this, they generally said that they did not want to deal with me and returned the money for the robot... It’s noticed that some users here say that there are good results but no one showed such an account.
You did not provide enough information.
Did you follow the guidelines?
Do you understand how the EA trade?
What Lot size are you using?
Feb 04, 2020 at 00:02
cubowull posted:
I decided to make a purchase of this robot, because opinions on this subject have different views. Therefore, I decided to personally try to use this product in my accounts. At first, the GPS robot was launched on a demo account, and for a while everything was fine, the trade brought decent results. But as soon as I started using my FXChoice live account for trading, within 1 month, the account was completely destroyed. At the same time, I constantly tried to contact support and Mark, asking how to use the robot, but the answers were: '... we are a big company ...', '... we have many users ... ',' ... you used the wrong settings ... '. Later they invited me to start from the very beginning and said that they would gradually explain how to do it. But, unfortunately, after a while the same situation repeated as with the first account, I had to forcibly stop trading when the balance reached -30% with an open recovery transaction. After all this, they generally said that they did not want to deal with me and returned the money for the robot... It’s noticed that some users here say that there are good results but no one showed such an account.
I saw you smaller account.
Mistake: For this EA you are trading with too high lot size (.07) for the size of your account. Your recovery trade is set to 8 time the original and from just 39.5 points price movement against you, your account is 30% DD. Not sure if you have your stop out set at 30% risk or if you close the trade manually. But no account should be in danger from just about 40 points price move. This is not ever at the usual ATR of the pair. I am sure every place you read it said not to risk more than 2% of your account of one trade. Did you do you analysis are realized that if your first trade was .02 you would still have have your account? But in reality, with the balance of your account you should not be trading with more than .01 lots size.
10.28.2019 04:16 10.30.2019 12:57 USDCHF Buy 0.56 - - 0.99581 0.99186 -39.5 -216.57 2d -28.46% tag
10.29.2019 00:00 10.29.2019 16:26 EURUSD Buy 0.07 - - 1.11010 1.11031 2.1 1.47 16h 26m 0.19%
Feb 04, 2020 at 08:43
(édité Feb 04, 2020 at 08:49)
delanth posted:
You did not provide enough information.
Did you follow the guidelines?
Do you understand how the EA trade?
What Lot size are you using?
I saw you smaller account.
Mistake: For this EA you are trading with too high lot size (.07) for the size of your account. Your recovery trade is set to 8 time the original and from just 39.5 points price movement against you, your account is 30% DD. Not sure if you have your stop out set at 30% risk or if you close the trade manually. But no account should be in danger from just about 40 points price move. This is not ever at the usual ATR of the pair. I am sure every place you read it said not to risk more than 2% of your account of one trade. Did you do you analysis are realized that if your first trade was .02 you would still have have your account? But in reality, with the balance of your account you should not be trading with more than .01 lots size.
10.28.2019 04:16 10.30.2019 12:57 USDCHF Buy 0.56 - - 0.99581 0.99186 -39.5 -216.57 2d -28.46% tag
10.29.2019 00:00 10.29.2019 16:26 EURUSD Buy 0.07 - - 1.11010 1.11031 2.1 1.47 16h 26m 0.19%
History of trade contains all complete information. Yes, I tried to follow instructions. I registered with recommended broker, used VPS, the lot was also installed according to recommendations for every $ 100 balance of 0.01 lot. This is indicated in user manual.
After more than a year of use EA, I still do not understand how this adviser trades, I can see that 1 trade is opening at beginning of trading session and after that several options are possible - order closes with a profit or if price moves in opposite direction, then position is compensated an increased order in direction of trend. But in fact, we can observe that this trick does not work.
Yes, second time I closed deal forcibly by pressing button to close position in terminal with my hands. I will attach a screenshot to this message and you can see that such a position needed to be closed, since the price was ready to move much more than 40.0 points and did it.
Recovery transaction multiplier was installed 7 times and not 8, be careful here, this parameter was received by support service. As for risk per trade, provided that money management is 100 $ / 0.01 lot, loss will be 10% and not 2%, since stop loss is at a distance of about 100.0 points.
Now can not do analyzes, my account is deactivated, today it is clear to me that this company had a rather expensive and useless purchase.
Fichiers joints:
Feb 05, 2020 at 14:48
463 trades, 400 pips only EURUSD.
average winning pips is so small, most of them 2.5pips
Slippage will never allow this EA make money. Only demo accounts do not have slippage. Without slippage with hyper scalpers you can earn multi digit returns . But there is not any broker without negative slippage. And this is the most important thing i thing results on this EA is not real. And you will never make any profit with this EA.
average winning pips is so small, most of them 2.5pips
Slippage will never allow this EA make money. Only demo accounts do not have slippage. Without slippage with hyper scalpers you can earn multi digit returns . But there is not any broker without negative slippage. And this is the most important thing i thing results on this EA is not real. And you will never make any profit with this EA.
Feb 07, 2020 at 19:43
(édité Feb 07, 2020 at 19:43)
just as a public service announcement:
DO NOT BUY THIS ROBOT!
1. take a look their trade history. each win is about 2 pips. your spread alone will be more than that
2. read the comments here. you can see how difficult to get a refund from them. so the 60-day refund guarantee is meaningless
safe trading!
DO NOT BUY THIS ROBOT!
1. take a look their trade history. each win is about 2 pips. your spread alone will be more than that
2. read the comments here. you can see how difficult to get a refund from them. so the 60-day refund guarantee is meaningless
safe trading!
Membre depuis Mar 23, 2017
posts 1
Mar 29, 2020 at 14:04
thanks guys, these reviews saved me!! Much appreciated
NA
Membre depuis Dec 31, 2019
posts 2
Mar 29, 2020 at 22:31
GPS has recovery trades which multiply your chosen lot size by 5.9 times. These recovery trades are just basically a martingale stratey and they can lose. My demo account had 46% drawdown with this EA. The SL on the recovery trades are a whooping 1000 pips 😄
May 13, 2020 at 20:43
fxtradinghassan posted:
i am making profits using this ea on my live account, watch the live trading here: https://split.to/ucmLttp
Do you have a screenshot or link to view your trading?
Welcome to the myfxbook community since you just joined 24 April 2020.
