In this post I will be reviewing the GPS Forex Robot. As the name suggest, GPS Forex Robot is a fully automated forex trading system that does not require any manual trading. You simply download the robot, attach it to your charts and it can place/manage trades. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
GPS Forex Robot Trading Strategy
The GPS forex robot can find settings depending on the current market conditions and optimize itself. The name GPS refers to this idea that it is constantly navigating the market and changing according to what direction the market is moving. The signals are based on a combination of technical indicators and current price action.
GPS Forex Robot Back Testing
The website has back tests but not with 99% modelling quality. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
GPS Forex Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
GPS Forex Robot Summary
GPS Forex Robot has potential but as with any automated trading system, there are no guarantees on how it will perform. GPS Forex Robot runs on the free MetaTrader 4 platform and comes with detailed instruction manual for a quick and easy setup, full support and free updates for life.