This GPS Forex Robot review finds similarities in this new robot and Rita Lasker’s Fish Forex Robot. The Russian developers, Mark, Antony & Ronald have created a robot that opens 2-3 trades (each on a different currency pair) at midnight and then looks to close each at 5 pips profit. However, if the trade goes in the wrong direction and they make an 88 pip loss, the’ll make a calculation using the loss and open another trade (in the same direction as the loss) using a lot size that will neutralize the loss (a bit similar to martingale).
GPS Forex Robot Essentials:
- EURUSD, EURGBP and USDCHF pairs
- 5 pips profit
- 88 pip SL with Martingale type claw back
- Trades execute at midnight
- 98% accuracy
I’ve managed to get a copy of GPS Forex Robot so into the lab it goes!