Review of the GBPBOT forex robot.
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| GBPBOT | GBPJPY | M1 | Scalping | Yes | Yes | 5-10 | 300 | GBPBOT Website |
Performance
License
There is no license!
Strategy
GBPBOT is a scalping robot with a very small default takeprofit and VERY VERY high stoploss of 300 default. It does however have 3 different strategies you can use, but there is little documentation on what exactly they do. They are labeled as Strategy A, B and C in the input parameters of the GBPBOT. There is also a reverse parameter if the GBPJPY pair changes dramatically.
Recommended Brokers
Any and all brokers. Try FXOpen or IamFX for great spreads and execution, perfect for EA trading.
Conclusion
GBPBOT has a few screenshots of backtests, and two forward tests that haven’t been updated in close to a month. Usually not a good sign, but we will have to see for sure when I get my review copy and get it up on a $1000 test account. I will leave my final conclusion on GBPBOT when I learn more about it.
UPDATE: GBPBOT is an account killer, stay away!
Overall Rating
Ouch! GBPBOT down for the count… I guess we know the verdict on this one after killing an account that quickly.