Today, we’d like to talk about GPS Forex Robot 3 that’s designed by Mark Larsen.
His photo enhances the presentation.
The promo video tells us about his personality, experience, and, of course, a robot he wants us to buy.
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.
There’s a big story that it was not people’s faults to lose accounts, but lack of proper knowledge and advice.
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.
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.
It looks quite scary to get two pips and lose 92 ones. As we can see, short term trades are the most profitable.
The devs themself run two real accounts. We’ll come back to them in trading results.
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.
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
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.
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%.
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%.
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.
As we can see, the EA works without SL placement even in the recover mode with increased lots.
The average monthly gain varies depending on the month, but all of them are profitable.
There are many, mostly positive, onsite reviews. People, if they’re not fake, respect the devs for stable performance and good profits.
The devs provide support and answer questions in the comment section.
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.