Comments on: GPS Forex Robot Review | Is it a scalper or not?

By: Rahadian Dimas

Rahadian Dimas — Mon, 13 May 2013 07:33:48 +0000

I think all of you that think this robot doesn’t work just got this ea from some idiot forum and download it and did some stupid back test, just shut up because that crap is not original robot you stupid. JUST BUY THIS ROBOT AND TRY IT YOUR SELF MORON, THIS ROBOT IS MY HOLY GRAIL….!!!

By: Michele

Michele — Fri, 08 Feb 2013 05:55:56 +0000

In reply to Dagger. What do you recommend a newbie who knows nothing hardly anything about Forex who can start with $250 use as far as robot, broker and VPS?

By: Julian, a.k.a. The Professional Bum

Julian, a.k.a. The Professional Bum — Tue, 10 Jul 2012 04:16:32 +0000

This seems to be a copy of the very risky “Fish Forex Robot” by Rita Lasker, or the other way round.

By: Roger

Roger — Sat, 10 Sep 2011 19:17:14 +0000

In reply to Hamish. Hamish, thanks for your intelligent response. I have been running this ea for almost a yr. now and am wondering about the new version update that just came out. Would you like to share some info. on it?

By: jrgkop

jrgkop — Fri, 05 Aug 2011 06:38:35 +0000

Hi, I have stress with the developers! I have this EA since 2 month and its not trading (onto 2 different ac.) or when its trading, it kills accounts in just one night. I`ve lost a demo account with ONE trade over 140.000$ and I lost real money at a live ac. more than 500$. After testing several settings, and I know what ist to do, it`s still sleeping.
So, I trie to get back my money , but the developers didn`t answer my mail(s, 4 or more)! Sorry for wording, “it`s shit!” Don`t use GPS anymore!

By: Rio

Rio — Mon, 01 Aug 2011 05:06:20 +0000

Oh my God, I’m scared when reading these review, not only people here, but I’ve lost $2000 real money that I’ve earned hardly….

By: alva

alva — Sat, 09 Jul 2011 15:32:46 +0000

I used GPS EA more than 1 year. I had 2 – 3 very small wins every week; all during night (european time) with EURUSD. The EA never traded with EURGBP and USDCHF.
July 5 one trade has eaten up more than all the small gains of more than 12 months.
After all: it’s not worth it. Mark Larsen is busy with all sorts of reviews and robots and has little time for measly buyers of GPS.

By: Richard

Richard — Tue, 07 Jun 2011 08:52:23 +0000

BEWARE OF GPS FOREX ROBOT. STAY AWAY AS IT WILL BLOW YOUR ACCOUNT IN A SECOND TIME IT LOST. FIRST TIME IT LOST IT WILL INCREASE THE LOST SIZE 5 TIMES. WHAT HAPPENS IF IT LOST AGAIN IN THE SECOND TIME???? LET HEAR WHAT MARK HAS TO SAY BECAUSE HE DON’T KNOW HOW TO ANSWER THAT QUEST EITHER…………………………………………………………………………………………………………………………………..Hi Dear Richard,

I use this system on my live real money account already more than one year.. but for today
I have 100% of profit in the trade after the 1 loss.. you also can see it on the backtests.. which
can give you more information about last five years for example on the usdchf:
http://gpsforexrobot.com/tests/GPS_Forex_Robot_USDCHF.htm

so as you can see it’s also 100% of winnings. But if you asking me about.. what will if not?

So in this case gps robot will use analyses of the current situation on the market for the next step
and will make a decision about it.. also I should say.. it not will worked on the backtests.. only on the
forward tests. But even without this trick it works well on the backs during last five years.

Best regards

DOES HIS ANSWER MAKE ANY SENSE REGARDING WHAT HAPPEN IF THE ROBOT LOST AGAIN FOR THE SECOND TIME????????? YOU WILL BE THE JUDGE BECAUSE I HAVE LEARNT A LESSON WHEN IT BLOWN MY ACCOUNT WITH REAL MONEY

By: Wan

Wan — Thu, 26 May 2011 03:49:25 +0000

dont put this piece of junk on yout metatrader. it wiped out my account twice

By: David

David — Tue, 17 May 2011 07:14:19 +0000

I have the GPS robot for 4 months and it didn’t loose yet but it is very important to know the folowing points.
1) The GPS robot works two or three time a week with a take profit of 5 pips and on a leverage of 10.
2) Sometime it closes the negative trade and after that it will open a reverse trade, which will make profit and cover previous loss trade. in this case the leverage 10 is multipied by 5.3. so it wil became very risky, and if it will loss than it will wipe out all your account.
3) It is forbidden to close the GPS robot manually , when you close a position the
gps robot open a reverse trade and you risk all your account.

By: shawn

shawn — Wed, 11 May 2011 11:01:20 +0000

Please do not believe with this EA. I’ve just got my account wiped out in 2 trades this morning and a total lost of USD6.5k. Is a very expensive lesson for me.

By: andieliu

andieliu — Sat, 07 May 2011 06:43:40 +0000

this ea same with the forexsteam metode.scaping with huge drawdown….

By: Abiodun

Abiodun — Thu, 24 Mar 2011 14:00:30 +0000

In reply to Ral. I will like to try it. send details to ijoabiodun at yahoo . com

By: tom

tom — Sat, 19 Mar 2011 21:53:13 +0000

By: tom

tom — Sat, 19 Mar 2011 21:52:05 +0000

I haven’t got acces, but I write email to support. And they send me the pw in one hour!
Clickbank is send me also

By: Lament

Lament — Wed, 16 Mar 2011 14:22:43 +0000

In reply to LS.

Hahahahaha…WHO PAID YOU MAN?

I have been using GPS for 2 fking months and with a account balance of 1000$ and now up 1297$ using GPS…You said only one trade sssht it makes 3-4 trades a week and 99% of its trade were profits…Go take your RANT some where else..

By: Ral

Ral — Tue, 15 Mar 2011 19:47:24 +0000

In reply to Los. u can send a mail to ralozoma at gmail dot com.. and i will send u forexhacked 2.3 to try.. I use it on my live account with sunbirdfx

By: Dagger

Dagger — Wed, 09 Mar 2011 12:20:11 +0000

Don’t see any real problem with it after trialling it extensively. You have to religiously observe the lot-size versus account size or YOU WILL get margined out. Happened to me today on one account (3.5 lot size on a $5800 account lost me $536). It seems to buy when it should be selling and vice versa – so ends up in deep loss chasing its tail for many hours on end (i.e. until there’s a news announcement (USDCHF today) or trend reversal (EURUSD today) that rescues it short of the 88 pip reversal play at 5 times the initial lot-size. That seems to be the real fun and joy killer….. when you get to that 88 pip “point of must return”. Hopefully the next version might offer some alternatives to sitting there helplessly watching it crash and burn. When it happened to me previously (approaching that 88 pip inferno), I had to quickly fax an authority to my broker to transfer funds from another account to preclude the margin out result that I could see coming like a steam train. It trades very infrequently, but 50% of its trades put you in heart attack country because they buy when they should be selling etc.
If you stick to the Auto money-managed lot sizes you’ll not make 3 figures on less than a $13K account – simply because it’s a strict 0.1 per $100 lot-sizing. Manually up the lot-size and you can expect unavoidable losses. I suspect that they are auto-triggering the trades at 2300 and 0000 GMT via the Clickbank authentication link. 2300 and 000 is when you can reasonably expect least volatility in the markets. However it doesn’t always work out that way. Today was a 8 hour grind to get those five pips back.
If you’re on a high-spread broker, all you get is about 4 pips per trade anyway. That’s why you need a raw spread broker like IAMFX and FinFX etc., or it’s hardly worthwhile. Stick to the rules and mount it on a VPS for relaibiliyty and you will see your account grow exponentially over the next two decades (if they’re still triggering the trades at that time).

By: LS

LS — Tue, 08 Mar 2011 22:53:56 +0000

My opinion is that this system is a piece of crap. I have bought it yesterday. Now was doing simulations using MT4 strategy tester with lot size suggested by the author (0.1 lot for 10k$). And I was doing simulations for one month ,two months, 3, 4 and so on. And it fails on 3 months test period. Basically what it does is it makes a trade – only one trade – which will wipe out your account. I have not even tested this on demo account. I think simulations is enough proof. Anyone else had same experience ?

By: Fadzli

Fadzli — Fri, 04 Mar 2011 03:14:11 +0000

this EA can work for fxclearing Meta Trader??