A forex robot is based on artificial intelligence with defined parameters that serve as an expert advisor (EA), which can trade automatically on behalf of the user. You may configure the software to start and execute trades with your approval based on your own preferences.
For traders who use the MetaTrader 4 (MT4) or MetaTrader 5 (MT5), EAs are a popular option. Traders may either use an existing forex robot or design their own depending on their trading strategy. MetaQuotes Language is used to create EAs (MQL) in the MetaTrader platforms.
GPS Forex Robot is an EA developed by Mark Larsen, a well-known forex developer. GPS Forex Robot 3 is the latest software upgrade. This forex robot forecasts short-term market moves aiming for a high degree of certainty, much like a GPS navigator in a car – hence the name.
GPS Forex Robot aims to be 98% accurate in all circumstances. In the remaining 2% of circumstances, it implements a reverse trading strategy to open a position in the opposite direction right away. This is to try and compensate for the loss or hedge the existing position.
You may receive instant access to this forex robot for $149. You get a full 60 days to decide whether you are satisfied with the outcomes, so you have plenty of time to see if the programme is right for you.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Customisable settings
- Compatible with MetaTrader 4 and MetaTrader 5
- Exclusive members zone
- Reverse trade and trailing stop settings
- Verified Myfxbook accounts
- No 99% modelling quality backtests
- Large drawdowns
- Martingale money management
This robot is neither a high-frequency trading EA nor a forex scalper. In fact, it may not trade at all on certain days. The algorithms are programmed to execute a trade when it believes that there is a high possibility of success according to the built-in strategy.
The algorithms themselves are a carefully guarded secret. However, the most common approach is to stop and reverse. This implies that if a trade fails, the robot is trained to start a trade in the opposite direction. When a trade goes against you, the contract size is immediately raised. This is part of the built-in code of this completely automated forex EA.
GPS Forex Robot 3 is compatible with the MetaTrader 4 platform provided by the majority of forex brokers free of charge. You will need to have the MT4 desktop platform up and running on your computer or laptop to run forex robots such as the GPS Forex Robot 3. If you wish to keep running your MT4 platform 24/7 with a forex robot, you can use a Virtual Private Server (VPS). Many brokers provide a free forex VPS services to their clients.
Here are the important GPS Forex Robot 3 features:
- The new GPS Forex Robot is four times quicker after extensive optimisation.
- A new capability was implemented that allows the GPS Robot to determine the best optimum settings for the current market condition and utilise them in real trading.
- A new function was implemented that employs a trailing Take Profit if necessary.
- The latest edition of the GPS Forex Robot allows you to adjust all of the major settings and tailor it to your own trading style.
- Installation is quite straightforward.
- Developed by experienced forex traders.
- Reasonable price.
- Compatible with MT4.
Once you have GPS Forex Robot 3 installed and ready to trade, you can customise the settings according to your own needs.
The following are some of the most important GPS Forex Robot 3 settings to be aware of:
- Auto Analysis: Setting this to ‘true’ implies that the robot will automatically assess market circumstances to determine what it believe are the ideal times to trade.
- Forex Pairs: When you download GPS Forex Robot 3, you will receive four files. The EA can trade a new currency pair with each file.
- Reverse Trade: If you set this to ‘true,’ the robot will execute reverse trade or hedge the position to try and assist you in recovering from a loss. You must indicate how many pips can be lost before this setting takes effect.
- Trailing Stop-loss: When you set this to ‘true,’ the robot will attempt to use a trailing stop-loss after a set number of pips to try and maximise a move.
- Money Management: If you set this to ‘true,’ the forex robot will automatically adjust your lot size according to the balance in your account.
- Demo Trading (Testing): GPS Forex Robot 3 may be utilised with both demo and real money trading accounts. Using it with a demo account helps you to become acquainted with the system while fine-tuning the parameters to suit your trading style, approach, and preferences
Before deciding to buy any forex robot, you may want to check out the past performance of different accounts with different market conditions and capital. Let’s take a look at the GPS Forex Robot results fetched from live Myfxbook portfolios and MT4 strategy tester reports.
GPS Forex Robot 3 Myfxbook
Here you can see the GPS Forex Robot Myfxbook results, whilst you can get the latest up-to-date results directly from the GPS Forex Robot 3 website.
GPS Forex Robot 3 Backtesting
On the official website, they also have MT4 strategy tester reports of the GPS Forex Robot on two pairs, the EURUSD and USDCHF. Here are the GPS Forex Robot 3 backtesting results:
The GPS Forex Robot 3 has been around for longer than many other forex robots, with an active development team who are always working on improving the robot. To demonstrate their legitimacy, they even offer consumers 60 days to assess whether or not the EA delivers as expected.
To familiarise yourself with the GPS Forex Robot and see if it meets your needs, you can test it on a demo trading account and explore the robot settings, trading strategy, and results.
Many experienced traders would never trade with real money using an EA unless they have first tested it on a demo account. Users can learn more about this forex robot’s capabilities and settings by using a demo account. They may then decide to put it to use in a live trading environment if they are satisfied with the performance.
The GPS Forex Robot 3 is an expert advisor (EA) for the MetaTrader 4 platform that has been around since 2012 and has published verified Myfxbook accounts along with a 60-day money back guarantee.
What is the GPS Forex Robot price?
GPS Forex Robot can be bought for just $149.
Where can I download the GPS Forex Robot?
You can download the GPS Forex Robot from the official website here.
What kind of customer support does GPS Forex Robot offer?
Customer support of GPS Forex Robot can be reached via email. However, once you have purchased the robot, you can also contact customer support from your members’ area. There is also a forum where you can discuss the EA and share ideas with other users and the developer.
What are the best brokers to use with the GPS Forex Robot?
You can use any MetaTrader 4 broker to run the GPS Forex Robot.
What’s the minimum amount required to trade with the GPS Forex Robot?
There is no specified minimum amount required to start using this trading software. You should only use what you can afford to lose.
What is the GPS Forex Robot refund policy?
GPS Forex Robot comes with 60 Days Money back guarantee.
Is the GPS Forex Robot a scam?
We do not believe that the GPS Forex Robot is a scam, but that does not mean it will produce good results. No matter how good any trading robot is, none can predict the future.
Can I get the GPS Forex Robot for free?
You probably could spend countless hours looking for a free version of the GPS Forex Robot being shared, but it is likely to be out of date, unsupported, and potentially dangerous.
What currency pairs does the GPS Forex Robot trade?
GPS Forex Robot has been developed specifically to trade on EURUSD, EURGBP, and USDCHF. However, you may experiment with other currency pairs if you have the experience to do so.
What are the best GPS Forex Robot settings?
The best settings for the GPS Forex Robot are those provided by the developer. Nobody will know the robot more than the person who created it. They would have spent countless hours over many years optimising the settings so that you don’t have to.
Can I change the GPS Forex Robot settings?
If you have the knowledge and experience, you are free to experiment with your own settings, and this includes the lot size, stop loss, take profit, and more. You may wish to test your settings on a demo account, to begin with. You could also backtest the robot in the MetaTrader strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the GPS Forex Robot?
You will need the MetaTrader 4 desktop platform and a trading account with a forex broker. Most forex brokers will let you open an account with a small deposit and download the MT4 platform free of charge.
How much money can I make with the GPS Forex Robot?
There are absolutely no guarantees on how good or bad any trading robot will perform. Due to the unpredictable nature of the markets, nobody can predict what will happen in the future. You should make sure that you understand all of the risks involved in using any automated trading system such as the GPS Forex Robot.
Results are based on historical data. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is no guarantee of future performance. You should understand the risks involved with trading. Your capital is at risk.