GPS Forex Robot FxChoice Review

System: GPS Forex Robot FxChoice Review

Description: The GPS Robot is not a scalper and it’s not like any other type of robot on the market. It uses an absolutely new approach! You will not find anything similar!
http://gpsforexrobot.com

Type of Trading: Real

Broker: FX Choice

Started: Mar 26, 2012

Views: 33486

Tracking: 174 users

Currency Pairs: EURUSD

 

 

 

 

 

Overview: GPS Forex Robot FxChoice Review Myfxbook system has made +115% in 260 trades since Mar 26, 2012. The average winning trade is about3.87 pips / $565.16, and the average trade with a loss around -78.13 pips / -$6279.32. Trades are left open on average for 5h 41m.

(236/249) 94% is the winning percentage of its buy trades and (11/11) 100% is the winning percentage of its sells.

(Oct 22) 52.8 was the best trade it ever produced. (May 28) -93.8 was the worst.

Pros & Cons

Pros

  • Drawdown has only reached 9, looking good so far!
Cons

  • scalper, most of the wins are under 10 pips. Translation: finding a broker that will let you trade like this is next to impossible|
  • Risk:Reward ratio is crap, stoploss is more than 2x the takeprofit.