Description
The GPS Forex Robot is a MetaTrader 4 (MT4) compatible expert advisor designed for currency trading. With a minimum deposit of $100, it’s accessible to amateur traders. This robot trades on several currency pairs, including EURUSD, EURCHF, EURGBP, and USDCHF. Its cost of $149 makes it an attractive option for those seeking automated trading solutions.
GPS Forex Robot EA MT4 Source Code
GPS Forex Robot: A Brief Overview
- Name: GPS Forex Robot
- Platform: MetaTrader 4 (MT4)
- Minimum Deposit: $100
Trading Strategy
The GPS Forex Robot 3 is an automated trading system that navigates the market dynamically. Here’s how it works:
- Market Analysis:
- The robot constantly adapts to changing market conditions.
- It combines technical indicators and current price action to generate signals.
- Unlike rigid bots, it adjusts to the ever-changing forex landscape.
- Reversal-Based Money Management:
- The EA uses a unique money management system.
- If an initial trade goes wrong, it attempts to recover by reversing positions.
- While this can be effective, it may lead to drawdowns if the market continues against the initial position.
- Time Frames:
- The GPS Forex Robot performs well on any time frame.
- It can trade on 1-minute, 5-minute, and other time frames.
- Running it 24/7 is recommended to maximize results.
- Currency Pairs:
- Optimized for:
- EURUSD
- EURGBP
- USDCHF
- Optimized for:
Additional Considerations
- Backtesting: Before using it live, thoroughly backtest the EA on a demo account over an extended period.
- Semi-Automated Mode: You can set it to alert you when it finds a trading signal. Decide whether to enter the market based on your analysis.
- Risk Management: While the reversal-based approach can recover losses, consider implementing a trailing stop to protect profits.
Download and Installation
- Download:
- Visit our website: FXCracked
- Download the “GPSForexRobot.ex4” expert advisor.
- Installation:
- Open MetaTrader 4.
- Go to “File” > “Open Data Folder.”
- Navigate to the “MQL4” folder.
- Inside the “Experts” folder, place the “GPSForexRobot.ex4” file.
- Restart MT4 and attach the EA to your chart.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
What’s in the package?
- Experts : GPS Forex Robot EA.mq4
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Disclaimer:
The EAs sold on our channel are not created by us.
We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.
Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.
All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.
EA updates are thus not automatic and not guaranteed.
No Refund
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