Forex Gump Review: Pros and Cons of This Forex Bot

In this review, we’ll take a closer look at the features, benefits, and potential drawbacks of using Forex Gump to help you make an informed choice.

As you already know, the internet is filled with different kinds of robots, of which 90% are scams.

Forex Gump is a trading bot that works 24 hours daily for its users.

However, here is the big question: Is the robot good enough to buy?

Over 1058 days, the robot made a return of +2711.4%.

It is a robot that has a news filter that helps traders to avoid trading during bad market conditions.

Also, the robot supports nine unique currency pairs, which are AUD/USD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, USD/CAD, and USD/JPY on the M1 timeframe.

Furthermore, traders can trade with as much as 4000 USD and as low as 40 USD with a leverage of 1:100 or higher.

Lastly, the developers of this robot have designed it in a way that emotions, the need to meet daily demands, and negative circumstances do not affect the trading result.

Forex Gump Review: Strategy

The robot developers did not disclose the true strategy that it uses.

However, the robot makes use of a forex expert advisor with a news filter that helps to spot favourable market entries.

Also, the news filter helps traders to avoid trading during unfavourable market conditions.

Although many robot developers try to leave their strategy undisclosed to avoid cases of theft, revealing these strategies can help to build trust in such robots.

Forex Gump Live Account

The robot recorded huge profits on live account trading.

Over 40% monthly ROI on one of the accounts provided on the website.

Also, the robot recorded enormous wins in all trades.

Although, most of these trades are not backed up by official forex trading verifying platforms.

Everyone has access to different trading results and can put up any trading result on their website.

Here are a few things you should consider about the live trading result before buying the robot.

Should You Buy The Robot?

Why should you buy a robot that has no past user reviews?

The robot website has no section where intending buyers can get to read reviews and testimonials.

Why do I have to buy a robot that has not been tested on numerous live accounts?

Furthermore, the robot has trading results that are too good to be true.

Remember that this is one of the six things to consider before buying a robot.

No financial trader or robot can be 100% accurate on all trades.

The robot recorded huge wins that are too good to be true, which is why I am sceptical.

Forex Gump Alternatives

While Forex Gump has its merits, it’s always beneficial to be aware of other noteworthy contenders in the market. The EURUSD EA and Martingale EA.

• The EURUSD EA: Specifically tailored for the EUR/USD currency pair, brings precision and a tailored approach to trading, utilizing state-of-the-art algorithms to optimize gains.
• Martingale EA: Employs a strategy that doubles the trade size after a loss, aiming to recover from any potential losses.

Each offers unique benefits and methods, catering to a diverse array of traders’ preferences and risk tolerances.

SUMMARY

The Forex Gump robot is a Forex expert advisor that has a news filter that helps to avoid trading during bad market conditions.

The robot made a return of about +2117% over 1000 trades.

However, the robot has its shortcomings which every trader that wants to buy the robot should consider.

The robot recorded enormous profits on many trades, which is another thing a trader should be wary of.