Foreign Exchange Robot: Forex GPS 3
Software Programmer: Mark Larsen
Scalping: The Asian Session
Forex Pairs: Many Pairs including EURUSD, EURGBP, GBPUSD and USDCHF
Trading Platform: MetaTrader-4 / MetaTrader-5
License: 1 Real Account License
Pricing: 149 USD
INTRODUCTION TO FOREX GPS 3
The GPS Forex is a Forex scalping robot created by Mark Larsen during the past 16 years. The robot is found today in its 3rd version. The main feature distinguishes version 3.0 from the previous two versions is speed and increased parameters.
-The new GPS Forex Robot 3 works much faster
-A new additional function was added which allows optimized settings to the current situation on the market and use it in real trading
-The new version offers the possibility to change all primary parameters and adapt to any trading style
GPS Forex 3 is designed to trade many different Forex pairs during the Asian Session and focuses on EURUSD, EURGBP, GBPUSD and USDCHF. The maximum targeted profit per trade is about 30 pips and the robot is programmed to identify and to exploit price action inefficiencies. The GPS 3 incorporates a Trailing Take-Profit order in order to secure profits but there is also a Reverse-Trading Strategy in order to offset trading risk.
The live performance of GPS Robot 1
FOREX GPS 3 ALGORITMH
GPS Forex Robot 3 evaluates all of the information deriving from the main price action and optimizes its parameters for achieving optimal trading. The GPS Forex Robot 3 performs good when it is historic back-tested and shows sensitivity to spread divergences.
- Win / Loss Ratio = about 90%
- Reward / Risk Ratio = about 0.30
Major features of the GPS 3:
◘ GPS 3 is designed to scalp the Asian Session
◘ GPS 3 targets trading profits of 5 to 30 pips
◘ Sensitivity to spread divergences
◘ GPS applies a Trailing Take-Profit Order
◘ GPS 3 implements a Reverse Trading Strategy that opens trades in the opposite direction in order to offset losses
FOREX GPS 3 PARAMETERS
GPS Forex Robot 3 offers many different parameters in order to be able to deliver solid trading performance. It is designed to constantly optimize its key parameters in order to adapt the changing market conditions.
FOREX GPS 3 REVIEW PROS
◘ The Robot is fully customized
◘ Forex GPS 3 is designed to trade many timeframes and to adapt in any market conditions
◘ Forex GPS 3 may trade a good variety of Forex pairs
◘ Forex GPS 3 may analyze multiple time frames
◘ Applies Trailing Take-Profit Orders
◘ Applies Reverse Trading Strategy in order to minimize market risk
◘ Forex GPS 3 is a fully mobile software, and can operate in any OS including smartphones and other mobile devices
FOREX GPS 3 REVIEW CONS
◘ Forex GPS 3 applies a wide Stop-Loss strategy (Reward / Risk Ratio = about 0.30)
FOREX GPS 3 REVIEW CONCLUSIONS
The GPS Robot 3 is a fast Forex scalper offering many basict parameters. The robot trades a wide range of currencies in multiple timeframes but focuses mainly on the Asian session. Forex GPS 3 is fully adapting any evolving market conditions but performs better on strong trends as most Expert Advisors. Forex GPS 3 costs 149 USD (one-time cost).
◙ FOREX GPS 3 REVIEW