(4 out of 5 stars)
GPS Forex gets a 4 star rating mainly contributed from high profit factor of 3.93 (second highest compare to first 31.77 from FAP Turbo and third 2.85 profit factor from Leo Trader Pro). The ROI rank only at number 5 at 28% monthly (just behind 32% Leo Trader Pro and above Forex BulletProof 11%). GPS Robot rank 3rd for Max Draw Down at 5.68% (Just behind FAP Turbo 0.32% and Million Dollar Pips 2.58%). GPS Robot score 260 for S3 grading because it feature live real test results, posted history back tested results, uses 3rd party results verification of live trading, provides proof of past results, many testimontial from customers, a comprehensive FAQ section, money back guarantee and instant access to download the software.
How this Forex Trading Software rank among others?
Attach a table below summary of Forex EA software comparison using ROI, Profit factor, Max Draw Down, S3 scores and Alexa.com rank. GPS Robot is high lighted in Red colour.
|Forex EA||ROI (Monthly)||Profit Factor||Max Draw Down||S3 Scores||Rating||Alexa.com|
|FAP Turbo||207%||31.77||0.32%||280 points||5 stars||Rank 31,123|
|GPS Forex Robot||28%||3.93||5.68%||260 points||4 stars||Rank 283,290|
|Forex MegaDroid||19.8%||NA||NA||250 points||4 stars||Rank 72,310|
|Leo Trader Pro||32%||2.85||5.84%||250 points||4 stars||Rank 213,570|
|Forex BulletProof||11%||1.32||19%||250 points||4 stars||Rank 309,467|
|Million Dollar Pips||925%||2.13||2.58%||240 points||4 stars||Rank 75,635|
|Forex Growth Bot||148%||1.66||9.05%||190 points||3 stars||Rank 214,229|
|Forex Over Drive||5.8%||NA||21%||190 points||3 stars||Rank 453,393|
GPS Forex Robot popularity from Alexa Traffic Rank is 283,290. This is rank at number 6 just between Forex Bullet Proof (309,467) and Forex Over Drive (453,393). This is consider good ranking for a Forex EA software.
Stretegy Tester Report
The overall chart is unbelievable stable for 5 years of back testing results.
The account started with $10k and increase consistently to $100k over a period of 5 years using EURUSD. With very small draw down of 5.68% and 90% of winning profit trades. This software score a profit factor of 2.84 meaning every dollar loss the software make $3.84 for you.
Below is another screenshot of the back tested results. (Click on picture to see detail). It have high profit factor of 2.93 with total 590 trades executed over 5 years. (About 10 trades monthly). The short position is 565 vs long position 25. This time it is more positive over lower low market due to 90% of the trade is executed short position. (Sell high - Buy Low).
The account started with $10k and increase consistently to $44k over a period of 5 years using USDCHF. With very small draw down of 9.45% and 95% of winning profit trades. This software score a profit factor of 2.93 meaning every dollar loss the software make $3.93 for you.
Profit Factor is gross profits divided by gross losses. (Higher value better)
Winning trade percentage is total win trades divided by total trades (win+loss). (Higher value better)
Maximum drawdown percentage is the highest losses you have divided by account balance. (Lower value better)
Trade Result Analysis
GPS Forex Forex program has been promoting relatively hot in the internet Forex community and been making profitable money for many Forex trader in the market for past few years. It is one of the earliest sites to feature live account trading and 3rd party verification to show that their software does work profits for trader.
Simple setup and consistent gains. Makes this Forex EA a must for every Forex trader. (Click on picture to see detail).
Attached a screen shot of GPS Robot account balance which started on 2009 Nov 27 with starting balance of $4750. As of 2012 Feb 02, the balance account is $35k. This work out a ROI of 28% monthly (total 26 months range). This is impressive then stock exchange performance for the past 10 years. The currency traded is EURUSD for this account.
Another screen shot capture starting balance of $8k from 2010 Apr 15. As 2012 Feb 02, the balance stand at $48k. This work out to be ROI at 28% monthly (21 months total). This is way better then any unit trust performance. With low maximum drawn down and high profit factor, the curves show consistence gain over a long period of time.
Consistency and continuous profit gains is important to any Forex EA software as important to money management and trade margin for your account. Always check and make sure the EA software comes with both and able to configure to suit your trading risk.
What strategy is it?
Attached a screen shot of GPS Forex 25 trades from 28 Sep 2011 to 23 Jan 2012. (Click on the picture to see in detail). GPS Forex trades primary EURUSD currency in this case. More then half of the trades are trigger during 2200hrs to 0200 hrs GMT. There is an increase of lot size from 0.12 to 0.15 on 05 Oct 2011, therefore showing the money management is in place.
All wins trades profit take from 3 to 7 pips. And looking at all the trades trigger is Buy, probably the trend strategy is following a trending SMA daily chart to trigger and capture small minutes profits. Duration of trades majority closed within 15 minutes to 60 minutes.
No stoploss is posted. Therefore am suggesting a stoploss of 60 to 80 pips base on the above.
GPS Forex Robot seems to be scalping wining profit on 4 to 6 pips trigger every day at 0000hrs GMT time, using daily trend chart to determine the direction of the currency with high profitability. Using EURUSD currency, it also implemented a trend reversal strategy which hedges the losses to minimum the downside.
S3 Grading Scoreboard
My S3 grading for GPS Forex Robot is total 260 points.
The website features live real time trading results, provided detail historical back tested trading results and also posted live account results verification by 3rd party and proof of past earnings.
You can also find many testimonials from happy customers and a comprehensive FAQ section. As a Clickbank product, it comes with money back guarantee and instant download access.
Total 260 points
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