GPS Forex Robot Review 2020: We take a look at Mark Larsen’s robot. Join in this review as we answer questions such as Is GPS Forex Robot Legit? Is GPS FOREX ROBOT EA good? Basically we aim to check if buying from this EA provider is worth it? Read through our review to see what experts have to say about GPSFOREXROBOT. This is one of the legitimate and most impressive EA we have seen in a while.
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
GPS Forex Robot EA Review
One thing we found when reviewing the GPSForexRobot EA is that it does its best, early on to proof that it is a legitimate and efficient robot. Another thing is that, it is very easy for the teams behind EAs to go bankrupt and close their doors, we have seen our fair share of those. But the team behind the GPS Forex Robot 3 EA has been in the market for more than 10 years and has actively provided updates to their product, with GPS Forex Robot 3 being their latest iteration.
Their website is well-designed with various pictures that, unlike in the case of other Expert Advisors, don’t distract you from the message being passed across. Gpsforexrobot.com opens to a three minute video of Mark Larsen laying out the basics of his Expert Advisor and what he hopes to achieve with it. Unlike other EAs, you prompted to input your email so they can send you proof of the efficiency of their robot. Keep in mind this is before you even go further into exploring the website.
GPSForex Robot How EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
The team behind this EA believes that the most significant advantage is that GPS Forex Robot allows even beginners traders, who have no prior experience in Forex market, to make gains during their first trades. Besides, GPS Forex Robot can also significantly enhance the success rates of making money for well advanced Forex traders.
The team give these claims that the EA is right 98% of the time and in the remaining 2% when it is wrong, that Antony and Ronald have added a great reverse strategy inside which instantly opens a trade in the opposite direction and covers the small loss. This simple trick, is what the makes the robot really undefeatable on both backtest and live trading.
They also assure the public that it does not use martingale, grid or no-stoploss trading that can easily blow the client’s account.
This EA works on the MT4 Platform, it works on multiple currency pairs: EURUSD, EURGBP, GBPUSD and USDCHF and has a recommended leverage of 1:200. Gps forex robot myfxbook account shows you live trading results which are verifiable. Gps forex robot 3 settings at default are for EURUSD, EURGBP, USDCHF, GBPUSD pairs.
Some Limitations of this EA are
- GPS Forex Robot is designed for trading Forex. It was not tested on metals, shares etc.
- GPS Forex Robot will not work on accounts with overnight positions rollovers (closing and reopening by broker).
GPS Forex Robot EA Price
$149 with money-back guarantee. You just have to provide 30 days of trading results in the first 60 days. The purpose of the policy is to make sure traders are taking their purchase seriously, and that no software piracy is occurring.
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
This EA has a good name with the community, below is on of those glowing reviews you can see on ForexPeaceArmy( the largest forex forum)
After going through the claims and promises of this EA and also the reviews. We have nothing but high praises to give to this EA and the team behind it. And our team of experts strongly recommend this forex robot.