Saturday, July 25, 2020

GPS3ForexEA under consideration and research Buy or Not?

Stumble on this old EA being sold by a familiar name to me, Mike Larsen, after being directed by a website which do not recommend the robot I was looking for at that time.
The selling website is pretty impressive and kindda of trying to be honest on the history of the robot. ML was someone I came across quite a long time ago. Even this EA is not brand new and its now with its 3rd version.
Reasonably priced at $149 (claiming that it is a discount) decided to search for a free downloadable version of it on the net. A discounted one is also OK. Hard to find but found one which directed to the same website but an older version (just the name with no number in the end). Given away for FREE i decided to give it a try.
First I thought its not working as nothing was happening on the account it was parked. Then at just near the end of the trading day at 23.55 Server time it opens all pairs traded i.e. UCf,EGP and EU. Watching it trading (seem rather badly) I thought it was going to loose all trades. What a surprise the next day discovered that all trades had been closed with profits. Bravo !
Why I like was the creators honesty on how he build the EA with 2 russian programmers whose both had their accounts running and profited well. The monthly profit return is 30% as claimed.
Here are the goods and the bads listed:

Bad
/Thou claimed to be non martingle or hedges claiming the strategy by some other name, some review pointed out that it was after all martingle/hedges. And taking bigger lot in the opposite direction. I decided to check on one of the trades record linked from the website. Yes it is occurring.
/From myfxbook it shows less than 1% a month profit (with charts) so where is the over 30% result.
/Thou it says the price is discounted and offer is limited, it has been there for years ! So its an old EA

Good
/ Verified Real successful MYFXBook accounts. Link to the pages and still maintained not abandoned.
/ Many reviews. Mostly good and promising thou you cant believe all of them
/ Many excellent achievement like getting $3Mil from $1Mill account in 1 year ?
/ Little by little trading with as few as once a day (from the trading confirmation)
/ Affordable and with 60days money back guarantee with ClickBank

Give a week of testing and if good (thou its an old version which has seen much improvement) then proceed to the shopping cart and purchase if no new better ones discovered.