• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

GPS Forex Robot 3 Overview

October 6, 2020 by Forex Winner Leave a Comment

GPS Forex Robot 3 Overview

Today, we’d like to talk about GPS Forex Robot 3 that’s designed by Mark Larsen.

Mark Larsen

His photo enhances the presentation. 

Best Forex Robots ›

Compare leading trading systems on the market

GPS Forex Robot 3 presentation

The promo video tells us about his personality, experience, and, of course, a robot he wants us to buy.

GPS Forex Robot 3 promo video

If we alt-tab for a bit, we’ve got this pop-up menu, that offers us to provide an email to get a private report “live results,” “investor access,” and “ability to see an account with a big auto traded profit.” From the video and text, we’ve got that Mark works on the Forex market for 16 years. He runs several review sites, blogs, and he designs a course named SecretBZ.

GPS Forex Robot 3 presentation

There’s a big story that it was not people’s faults to lose accounts, but lack of proper knowledge and advice.

GPS Forex Robot 3 presentation

The next we see is many photos and descriptions that can be united in the statement “a road to glory.” During the journey, someone has bought his EA and set it on a $1M account. 

GPS Forex Robot 3 myfxbook

Shortly, it looks like that. For six years, the account has been tripled. The average monthly gain is low, trading with the lowest possible risks. Anyway, the EA trades without SL and TP placements.

GPS Forex Robot 3 myfxbook statistics

It looks quite scary to get two pips and lose 92 ones. As we can see, short term trades are the most profitable.

GPS Forex Robot 3 statistics
GPS Forex Robot 3 statistics

The devs themself run two real accounts. We’ll come back to them in trading results.

Pricing

The offer is as simple as that. The EA has one package that costs $150. In addition, we can rely on a 60-day money-back guarantee.

GPS Forex Robot 3 Pricing

As we can see, Mark accepts Bitcoin.

How it works

The most important features the devs want us to know are:

  • The EA has received “complex optimizing,” so, now, it works “four times faster.”
  • The robot has got a function to “find the most optimized settings to the current situation on the market and use it in real trading.”
  • It is “twice saver.” We don’t know what it means, but it probably has told about drawdowns.
  • The EA is more profitable.
  • Trailing Take Profit is added to the money-management system. 
  • Now, every parameter can be changed and customized in a way we want.
  • The installation process is simple, as in the original version.

Trading strategy and backtest reports

GPS Forex Robot 3 Trading strategy

We’ve got two backtest reports. It’s USD/CHF one on the M15 timeframe. It was run for 14 years until the present. The modeling quality was 90%. The profit factor was quite high and equaled 2.93. The initial deposit was $10k. The total net profit was $44k. The maximum drawdown was very low (9.45%). The average consecutive wins row is 23.

GPS Forex Robot 3 Trading strategy

Almost the same, we’ve got on EUR/USD on the H1 timeframe. The backtest report united 13 years of data. The profit factor was 2.84 The initial deposit of $10k became $100k of the total net profit. The maximum drawdown is impossibly low (5.68%), taking into account how wild the EUR/USD symbol is. The win-rate for shorts was 100%, for longs 87%.

Trading results

GPS Forex Robot 3 Trading results

We have track-record-verified trading results. It’s a real USD account on FXChoice with 1:200 leverage, trading through MT4.

The initial deposit was $100k. The total net profit amounted to $547k. This account is tracked by many traders (2439 people). The monthly gain is 1.85%. The maximum drawdown was 37.7%.

GPS Forex Robot 3 advanced statistics

There have been performed 481 trades for eight years with +360.4 pips. The average win is five pips; the average loss is 14 times higher -70 pips. The longs win rate is 93%, the shorts one is 100%. The average trade length is 6 hours. The profit factor is high and equals 2.08.

GPS Forex Robot 3 statistics

As we can see, the EA works without SL placement even in the recover mode with increased lots.

GPS Forex Robot 3 monthly gain

The average monthly gain varies depending on the month, but all of them are profitable.

Customer reviews

GPS Forex Robot 3 Customer reviews

There are many, mostly positive, onsite reviews. People, if they’re not fake, respect the devs for stable performance and good profits. 

GPS Forex Robot 3 Customer reviews

The devs provide support and answer questions in the comment section.

Review Summary

We never suggest you buy a robot that trades without SL. Now, it’s profitable, but after one of the updates, it’ll be able to open several trades without SLs and blow the account for several hours.

Also, we know nothing about money management of this EA, like what risks will be good to trade or what Lot Size is okay for each $1000, and so on.

As for the dev who’s in the market for 12 years, the needs of providing this knowledge should be clear as a bell. So, we have to pay $150, to get +1-2% monthly trading without SL? No, thanks.

Advantages
Many real account trading results provided
Many years of successful trading
High “Profit Factor”
Outstanding win-rate
Inbuilt recovery mode
Cheap offer
Many positive onsite comments
The 60-day money-back guarantee provided
Disadvantages
No explanations about trading strategy provided
Trading without SL placement even on orders with increased lots
Incredible low trading frequency
No social network page created
No 3rd-party-verified feedback provided
2

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex Robots, Review

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

ufx

UFX Review

November 18, 2019 By Forex Winner

Charles Schwab

Charles Schwab Review

May 22, 2019 By Forex Winner

etx capital

ETX Capital Review

June 1, 2020 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure