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Expert Advisors Forex

GPS Forex Robot – One Year Results

GPS Forex robot one year review

As many of you know I have made quite a few updates on my Youtube Channel about the GPS Forex Robot.  The GPS Forex Robot in particular has been around longer than any other Forex expert adviser, and has more data to back up its claims.  

There are a couple of live accounts on MyFXBook, with some having over $1 million USD in them, that were set up by Marc Larsen.  He is the founder of the GPS Forex Robot and keeps the MyFXBook accounts updated so that everyone can see the remarkable results he has achieved. 

The bot with $100k USD in it has been running and compounding profits since 2012 and has made over $570k USD in profit.  If you are interested in looking at the stats for any of his bots then please check out the links below in the blue box.

Now lets move on to the results I have gotten in the past year by running my own GPS Forex Robot.

Links to view Marc Larsen's GPS Forex Robot 's are below:

My Own Results With the GPS Robot, and Optimal Settings

The GPS Forex Bot that I have been running since December 2020 has been doing very well.  I have been running it with the moderate settings listed below.  I have most settings set to “auto” and I have not changed much of anything since I first started the bot.  One thing that I have changed is upping the setting for the ‘RevAfterSL’ to 7.1 from 5.9.  I was hoping this might slightly increase how much I make back off the reverse trade after a losing trade.  We will see how this new tweak works and I might drop it back down to 6.5 if things dont go as expected.  

As you can see I have most of the other settings set to ‘true’ for UseMM and Auto Analysis

GPS forex robot settings
As you can see above the settings for the GPS Forex Robot are fairly straightforward
Please see video below on how to install the GPS Forex 3 Robot
If you follow the steps in the above video you will have the GPS Forex 3 Robot up and running in no time !

Links to My Own GPS Forex Robot

As you can see in the chart above my very own GPS Forex Robot had a 55% gain over the past year with earnings of 3.61% per month.  The max drawdown was 33.10% which is a little higher than I like but the GPS Robot did a good job executing trades and reverse trades so Im pretty happy with the results.  

How Often Did the Bot Trade Over the Past Year?

I often see this question come up a lot in comments on my Youtube videos and also through emails.  The answer is that the GPS Forex Robot doesnt really trade that often but when it does trade it is usually highly successful.  

Some Key Points:

  • This is a live – real money account !
  • The GPS Forex Robot had 87% wins, and 13% losses over 2021.
  • The month with the most profit in 2021 was February with 7.44% profit.
  • The month with the biggest loss was in October 2021 with a 2.01% loss.
  • The loss that occured in October was due to me manually closing out a trade when it was in the negative.  The bot would have been in positive profits every month if not for that user error.

Below is the monthly profit and loss chart for 2021 from MyFXBook for the GPS Forex Robot.  The MyFXBook link is higher up in this post incase you missed it.

GPS Forex Robot 2021 Profits and Losses
The month with the most profit in 2021 was February which had over 7% profit !

As you can see from the screen shot of the chart below my bot traded every couple of days on average with a couple of trades being closer together on occasion.  It was able to win all reverse trades which is pretty amazing !

GPS Forex Robot 2021 results review
The GPS Forex Robot traded every couple of days on average during 2021

How Can I Duplicate the Results That You Had?

Im going to be honest with you that its pretty easy to get the same results I have had if you follow the same strategy that I use.  Some key tips are below:

  1. Check out the first post I made on bot settings and stick to those settings for a while.  I also outlined the same settings further up in this post.  I would recommend not changing these settings as they are the best ones I have found that work really well.  A link to that post can be found here.
  2. Dont use a crappy VPS to run your bot on.  Use a good one like ForexVPS.net
  3.  Last but not least you will want to use a good broker such as FXChoice or PaxForex.  A broker can make or break you.  In case you dont know what  a broker is it is the entity that holds your funds while the GPS Forex Robot trades them.  FXChoice is no longer available for U.S. Citizens so you might want to check out PaxForex instead.  When you sign up for PaxForex be sure to click NA for country if you are from the U.S.
  4. Both PaxForex and FXChoice allow you to fund your account with Bitcoin.  This is my preferred way of funding as it is quick and cheap.
  5. Sign up for a MyFXBook account so you can track your bot through the MT4 terminal.  MyFXBook organizes all your data very nicely.  As you can see I use it on a lot of my Youtube videos.

Links to the Programs and Companies I Mentioned Above

click here to join fxchoice today for use with the GPS Forex 3 robot
CLICK HERE TO JOIN FX CHOICE. THE PREFERRED BROKER FOR GPS FOREX ROBOT !
paxforex banner
CLICK HERE TO JOIN PAXFOREX IF YOU ARE A US CITIZEN AND CANT JOIN FXCHOICE

How High Do I Still Rank the GPS Forex Robot?

The GPS Forex Robot has performed flawlesly over the past year.  Due to that I have decided to increase my initial ranking of 9.4 to a ranking of 9.7.  I still think its the best expert advisor that you can buy because it has the most data to back it up and also because it performed so well during my testing of it.  Its simple to use and easy to set-up

Categories
Expert Advisors Forex

GPS Forex 3 Robot Review

GPS Forex 3 Robot Review

Track the progress of my own GPS Forex 3 Robot at the following link:
* Real time trading chart

So as some of you might know from watching my Youtube videos I have been messing around with the GPS Forex 3 Robot for the past couple of months.  The test that I have done with my own account went very well and the robot actually made around $4,000 in a month on a 100k demo account before I did something dumb and restarted my laptop while it was in the middle of a trade.  

Not to worry though as I now use the hosting services of ForexVPS.net to keep my bots up and running 24/7, and will not be running these on my home computers anymore where a disaster can happen.  This was something I had been wanting to do over the past couple of months, and just got around to it.  So far their VPS service has been great. 

The price of the robot is on the lower tier of good expert advisor robots available in the broader market place, but still holds its own performance wise when compared to more expensive expert advisors.  GPS Forex 3 Robot is one of the most tested expert advisors on the market today which a history going back over 10 years.  

I plan on doing more testing of this robot in the future on a real live account but for this initial post and review of the GPS Forex 3 Robot I will go over my findings from testing the robot out with a 100k demo account.  I will also show you the results that others have had including the owner Mark Larsen and his 650k account. 

Mark Larsen,  the creator of the GPS Forex 3 Robot, has been creating and developing Forex trading bots since the early 2000’s.  Mark has also been running a real money account on MyFxbook since 2012 showcasing the GPS Forex 3 Robot’s capabilities.  The robot has earned over 550% profit since that original account was created.  Below is a link to the MyFXbook account if you would like to check it out.  I will post some screen shots from his account below and describe just how the GPS Forex 3 Robot operates and makes the Forex investor money.  

* Click on the chart above to check ouT Mark Larsens 500k AccounT

As you can see above the GPS Forex 3 Robot has made significant gains since it was started in 2012.  550% is nothing to sneeze at and you will not get that rate of return at any bank.  Monthly return has averaged 1.81% per month over that time period which equates to slow, sustainable, yet steady returns.  I look forward to updating this blog with my own returns in the near future.  It should be a fun process.  In my own setup I’m using the recommended “low risk” settings which I will post further down below.  Remember that this is a marathon and not a sprint so you dont want to input crazy settings that will blow your account.  Another pointer is to try and run 200:1 leverage or less incase your bot needs to make a reversal trade it has the free margin available to do so.  Many Forex traders screw this up and blow their accounts.  Remember slow and steady is what we are looking for here.

My Results with a $100k Demo Account

I mentioned above that back in September I had ran the GPS Forex 3 Robot expert advisor with a $100,000 demo (not real) account on FXChoice.  The results I had for one month back in September were very similar to what Mark Larsen, GPS Robot creator, has experienced with his live account over the past eight years.  I have provided a screen shot of my demo account results below. 

GPS Forex 3 Robot Demo Account Results
GPS Forex 3 Robot Demo Account Results

As you can see from the screen shot above during the month of September the GPS Forex 3 Robot made me a clear profit of over $4,300 on the demo account.  Great Results!!!

One interesting thing to observe on the demo account is the large reversal trade that was made to recover the loss on a trade that was made earlier.  The reversal sell almost made the entire amount back then there was another trade the next day that recovered the loss fully.  This is one of the powerful features of the GPS Forex 3 Robot.  

I explain this in more detail below and how you can set your reversal trade to a certain number to cover any loss you might have.  If I had set this setting a little higher to cover the stop loss number then I would have made the lost amount back on the reversal trade.

Please see video below on how to install the GPS Forex 3 Robot
If you follow the steps in the above video you will have the GPS Forex 3 Robot up and running in no time !

What Are The Best Settings?

Below is a snapshot of the setting you will want to use for the GPS Forex 3 Robot starting out.  These are the safest and most low risk settings for the bot that I know of.  If you deviate from these settings then you do so at your own risk!!!  

These are the settings that a well known Youtuber friend of mine runs, and the same ones I run on my own GPS Forex 3 Robot accounts.  The below settings have returned great results with very little draw down on the accounts.

As you do more research you will find that people do like to change some of the settings on the GPS Forex 3 Robot to be different from the ones I have provided above.  Below is a description of what the most important settings do to help give you a better idea of what to expect if you change a particular setting:

  • Pairs – When you download the GPS Forex 3 Robot expert advisor you will notice there are four files in the download.  Each of these files allows the expert advisor to trade a different currency pair.  GPS Robot support and many other users recommend that you only run the EUR/USD pair to achieve the best results possible.
  • Use MM – This setting automatically adjust your lot size based on the amount of capital you have in your account.  With the GPS Forex 3 Robot this generally equates to around $100 per .01 lot size.  I would recommend keeping this on “true”.
  • Auto Analysis – Searches for the best times to make a trade based on market conditions.  I would recommend keeping this on “true” even though it will seem sometimes the GPS Forex 3 Robot does not seem to trade as often it is the safer setting.
  • Trailing Stop – I would keep this on “true” because if it is off and the trade starts losing there will be nothing to “stop” the loss.  
  • Reverse Trade – This is set to “true” with a value of 5.9.  You will definitely want to keep this value on “true” because if you turn it off there will be no reverse trade to get you back into profit after a loss.  For example if you make a trade and the market goes south the trailing stop loss will end with a loss after the trailing distance of “6 pips”.  This is when the reverse trade will kick in and make a buy to recover the loss that just happened.  You can set this value at a higher value than “5.9” to recover a higher value than the “6 pips” you just loss.  I have mine currently set on “6.5”

Who's the best broker to use the GPS Forex 3 Robot with?

Picking the correct broker to invest your hard earned money with is probably one of the bigger hurdles you might face.  I personally use FXChoice as the broker to run the GPS Forex 3 robot with, and it is also the one that is recommended to use with the bot.  You can run a demo account or a real money account with them.  

Id recommend testing a demo account first before moving to a real money account to make sure you have the correct settings. If you are interested in signing up with FXChoice I have left a sign-up link below (just click on the banner ad).  They will provide you with a 15% sign-up bonus for signing up today !

After you sign-up for FXChoice or your broker of choice you will want to download the MT4 terminal from that brokers website.  I am using windows so I downloaded the windows operating system version.  After the MT4 terminal is installed you can login to your account (demo/real) then proceed in setting up the GPS Forex 3 Robot expert advisor to run within the MT4 terminal you just downloaded and setup.  

* I had made a video recently on how to do this and you can find it further up in this post if you have not already watched it. *

Pros and Cons of the GPS Forex 3 Robot

Pros:

  • Eight years of documented history with real results
  • Developed by an experienced team of Forex Brokers
  • GPS Forex 3 Robot ranks highly for an expert advisor compared to others in the same price range
  • Low purchase price
  • Very efficient with very few losses if ran with the correct settings(see above)
  • Does not trade as often as other expert advisors but when it does it has over 90% rate of success

Cons:

  • Doesnt trade enough for some people and causes frustration.
  • Reversal trade trade could possibly blow account if not enough capital exist for free margin.  Its important to keep enough capital in account for the GPS Robot to utilize
  • Trades can be quite large compared to other EA’s but they are usually successful trades if auto analysis function is left on “true” and other correct settings are followed.

Make Sure You Use A Good VPS......

I know I have covered a lot of material in this post and there is a lot of good info to read but if you are looking for a great VPS provider with very low latency and almost 100% uptime to run your expert advisors on then please check out ForexVPS.net