Forex Robot Reviews

Forex GBPBOT Review

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

1 Comment
  • admin - Posts:
    April 9, 2010
    Reply #1

    Ouch! GBPBOT down for the count… I guess we know the verdict on this one after killing an account that quickly.

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