I have received emails from different traders asking about the GPS Forex Robot Review.
GPS forex robot is one of the most popular forex robots online.
Maybe there’s something special about this robot or it’s only doing well in the marketing department; this review will reveal the truth.
Below is a summary of the GPS forex robot review.
|Refund?||60 Days Money Back Guarantee|
|Currency Pairs||Major Pairs Especially EUR/USD|
|Historical ROI||30% Monthly ROI|
|Website||GPS Robot Website|
Should You Buy The GPS Forex Robot?
Before I answer that question; I would do a quick breakdown of my findings of the GPS forex robot.
It’s encouraging that there is a refund policy where you can get your money back.
Also, there are live account proofs on the website which I have checked and verified to be truly live accounts on my myfxbook website.
Another thing to applaud about this forex robot is that there is a real person behind it, surely not out there to scam you.
Still, a decision to either buy or not buy this expert advisor lies in your hands.
I found some problems with this robot that I will reveal below
- The drawdown is high compared to the monthly ROI
- The Live account proof shows a little above 1% monthly ROI against the 30% ROI Claim on the Website
- The strategy behind this robot is ambigous
- The Pricing tells you what to expect.
GPS Forex Robot Has Over 30% Drawdown
This would not have been a problem if the GPS robot delivers considerable profit every month.
But from the proof on the website and my personal experience with this robot, an over 30% Drawdown does not make sense for a robot that delivers a ridiculous 1% ROI every month.
GPS Forex Robot – Live Account
An important of any forex robot review is the check on the live account proof.
Looking through the GPS Forex Robot Website, I found quite a number of live accounts to check.
At least, this shows that creators have tried the system on a real trading account.
The results were published on Myfxbook and that makes sense.
But a further dig into the live account results revealed information that will determine the direction of this review.
The Claim Of 30% Monthly ROI is VAGUE
Yeah, if you have looked through the website, there is a bold claim of 30% ROI, whereas when you use the same robot on your account, you would notice little to no profits on your account.
At best, this robot makes a 1.5% ROI monthly.
You can also confirm the unprofitability of this robot by checking live accounts on the website. the highest ROI recorded is 3%.
This kind of situation then makes it tricky, looks like someone is making some empty claims.
GPS Forex Robot – Strategy
Another important stuff I like to know before I use any forex robot is the strategy and maybe the indicators and mathematics behind it.
Although most forex robot creators would hide this information and claim it’s intellectual property, it’s still a good idea to share some part of what to expect.
The strategy behind the GPS forex robot is ambiguous.
Summary GPS Forex Robot Review
Here is a summary of my findings on the GPS forex robot
- There’s a 60 Days Refund Policy
- I dont know on which strategy this forex robot operates
- This Forex Robot is not profitable
- The drawdown is high for a robot a low profitability
So, you still want me to tell you whether to buy or not buy the GPS robot?
for me, I wouldn’t buy the GPS forex robot, you have to decide for yourself.