GPS Forex Robot Reversal Trade Explained (And How To Reduce Risk)

34 comentários em “GPS Forex Robot Reversal Trade Explained (And How To Reduce Risk)”

1. Here are the Myfxbook links I talk about in the video:
   Demo account http://www.myfxbook.com/members/TradeWise1/trade-wise-gps-ea/6186094

   Live Account https://www.myfxbook.com/members/TradeWise1/gps-forex-robot-live-wfxprimus/6944271

2. Please any update for the EA review 2022

3. Is it possible to do backtesting for this bot to find the optimised set to trade?…

4. Great update video thank you

5. can it trade with multiple EA's

6. Hey Trade Wise, what do you think about Forex Wizard Robot it's price is 30,000$. Is it good? Why don't you make video on this robot

7. Hello Sir
   Question for you on the GPS robot. Are you able to change your trading account number? for instance if I change brokers will I still be able to use it.

8. What is yelds notes?…you keep saying you invest in it

9. Hello, please are you able to help me. I have the GPS and FX Choice and I am making trades but only one pair. Please are you able to give any advice.

   Thanks

10. Hey buddy. Am I able to use GPS for prop firm trading? And what's the best setting for it? Eg. for max daily dd of 5% and max dd of 10% as these are common figures for all prop firms.

11. where is the link to the robot records? i cant use it without downloading it and also can`t find it on the tradewise website…

12. is your gps eal account not trading, it seems u stopped the ea

13. Hi Jon! I just visited your myfxbook real account (which was updated just an hour ago) only to see that you've had a consistent loss since September and now the gain is at minus 12%… is the bot not working? I was just about to buy GPS but this discouraged me, can you please tell us what happened? Thank you so much!

14. it looks like you have stopped trading the real money account?
    Was this because of the reverse trading failing?

15. Hi Jon. I've just emailed you about this GPS EA, hope you can help.

16. Great video!

    I've installed the GPS based on your recommendation. It's been 3 days and it's only placed 1 trade. Let's see

17. GPS robot will not work on 1:1000 leverage?

18. Hello, at about 13:20 when you say your reversal trade did not trigger, this is because the trade SL was not reached. The bot trades with a large SL…this is why many people do not see reversal trade activated, as their SL is not reached.

    Interesting that all 4 currency pairs trade at about the same time – round the opening of Tokyo markets.

19. what is the function of a VPN please?

20. your gambling with this EA good luck

21. Hi all. I am more or less safe, after the last time with reversal (23th sept) was my first trade on real and I definetely setted down to 12. Today again reversal and again recover most of the lost, but with 5,9x never recover the total lost. So again in a small red number. Let´s see just for a while but It doesn´t sound very well. My settings are AA on, TS on n recover ON 5,9x and lots risk 12…1:500 Real account. This bot it´s for trend EU longs…the market right now it´s to about 1,15 down market…So it´s expected more of this trades…And for us that is not good. WHAT ABOUT SENTIENT one? what is this?. Thanks Jon. I am doubing about GPS as a good bot

22. Im running same settings on demo account. Had that same buy/sell reversal at same point in time as you did…..interesting. Nice how it gets itself out of these situations.

23. The reversal trade still poses its own risks at 6-7x. It's really a thrill in not a good way as it gets entered once the initial stop is reached based on risk settings. I do wonder at what point the reversal trade to recover initial losses itself will stop out once in play, if at all. Markets change, and this EA again running a trade to stop, triggering a recovery reversal trade so soon on Tuesday this week, not recovering losses quickly is a red flag in my opinion. With the conservative AutoAnalysis=True setting asserted, it seems to trigger trades only at 6 PM Eastern up to twice a week (Tuesday and Thursday, after the market opens). Based on the charts I never would've manually entered the trade this time with RSI in the overbought area.

    Thank goodness I'm treating this as a scalper running reduced LotsRiskReductor at 3, recently backing it down from 4 and slightly bumping up the RevAfterSL_Multiplier to 7. Even if this reversal in progress plays out again to get back to even, I'm kicking this EA out to the woodshed and relegating it to demo-only. Learned a lot with this as my first EA, and I'm doing much better with Expert4x Dream Machine (best for sideways markets) and Robotron (another scalper.. no big reversal trade like GPS, and I can backtest it – unlike GPS).

    My best wishes for those that are determined to run this EA long term with real money- good luck!!

24. Last night the bot took a trade in EURUSD and it was just terrible timing, the market went against the bot and it lost around a third of my account. It then took a reversal trade at the worst possible time and blew the remaining balance in the account as this went against it immediately. Account blown. 1000 euro loss. I'm so sorry to hear of others with much larger losses. I would strongly recommend users staying away from this platform. I was using the exact settings recommended and the position size was tiny and yet it still blew the entire account. I have been trading for many years and I can tell you that the most important aspect and the difference between success and failure and managing your risks. For this you use a stop loss. Never ever trade without a stop loss. This is exactly what this robot does. Crazy. The second is to let your profits run. This bot doesn't do this either. Every winning trade when the flow is trending in the direction of profit is closed out very quickly for a small profit, rather than a much larger one. I was stupid to believe anything other than a total loss could occur. The 'revenge' trade strategy is entirely flawed and last night proved this.

25. Looks like it happening again:(

26. Hi man, I purchased GPS forex robot thru your link and I have a question sir. If I already linked the robot to one real account and then decided that I wanted to change brokers and I will delete the robot from the first broker would I be able to install it on a second real account if I uninstall it from the first one?

27. Trade wise, I have sent the required info to get connected to your community channel and subscription and it says successful however i never the Email that i submitted. Thank you

28. Can you update us if the LRR at 20 was better than 10? Thanks so much for making those videos! I am so grateful and thankful for your wisedom and help

29. Hi Jonathan (and Zoom Zoom – see comment thread below. Thought you might find this useful, I was interested to know the statistical chances of the Reverse Trade failing…

    I emailed support and they replied to say if you check their official results over the years, the reverse trade has never failed so it has a 100% record. However, they only trade EURUSD. I checked FX book and found some other GPS Forex users who trade all 4 pairs and found this account: https://www.myfxbook.com/en/members/Rishie/gps-forex-robot/3373832

    Between 28th Jan 2019 and 15th October 2019 there were 716 trades. Of those 29 were losers (I didn't count the very small losers, only the ones that clearly hit the 88 pip SL). That's a 96% win rate. for the 29 losers the Reverse Trade kicked in every time and won 28 times. On the 2rd Sep 2019 it recorded a loss, effectively killing this guy's account, which is probably why it stopped updating a month or so later. So effectively that's a 1 in 716 or 0.14% chance of near ruin. I also know the reverse trade failed on USDCHF on 12th Aug 2022. I can't see any trade records / FX book accounts across all 4 pairs for Oct 19 to Jul 2022 so can't comment on that period.

    We also don't know the settings for the account cited above, it doesn't look like auto analyse is on for example which would have reduced risk. But it does show that if you're trading all 4 pairs, every day, then there's that chance, maybe once a year where your account is going to take a really big hit. Trade safe.

30. Man I saw that your GPS EA made a trade on the 1st of October and mine not, is that possible or where do you think is the mistake?

31. Dear Jonathan, since setting up my GPS forex robot account with approximately 750 euro account it has traded profitably but with trades of just 1-2 euros profit and a trade size of 0.10. On your demo account above the trade sizes all vary between 3 and 4, what settings are you using. Incidentally my robot did do the loosing trade of 64 euros when yours did, but reversed it and made 91 euros! Also my account history does not show the same columns as yours, how do I add the additional comments. Cheers.

32. Hi Johnnathan, you think that broker with 1:500 leverage can make it work with 20:0 Lot RIsk Reductor and “True“ Reverse trade feature? What is your opinion? 10.0 or 20.0?

    I noticed that you use 1:100 leverageon your live account dislayed on myfxbook.com. Isn´t it the reason why it did not open a reversal trade on the big EURUSD loss? Why you dont have 1:500 leverage as I do if I am with FXPRIMUS as well so the reversal trade can work easily?

33. thanks

34. Does it trade only EUR/USD like on your Myfxbook samples?

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