GPS Forex Robot, GPS Forex Robot Review by Mark Larsen
***** GPS Forex Robot Official Site ***** Click Here ******
***** Updated 28th December 2010 *****
After further analysis as regards to the trades taken by GPS Forex Robot, I decided NOT to buy this robot. Reasons are as follows based on what I have seen in the following statement
http://www.myfxbook.com/members/ForexMark/gps-forex-robot/72193
1) Investor Password Released is a Demo Account. If you can’t trust your robot on a live account, then how can I trust it with my money?
2) If you notice in that statement there is a loss of -$890, which is a little bit less that 10% risk on the $10,000 account which is crazy.
3) Just 2 trades up, there is a trade with 5 lots which is INSANE to say the least. Meaning that in that trade, 50% of the account was risked!
4) There is also some king of Martingale involved.
5) I have asked in their website what is the stoploss and to confirm that there is no martingale involved, but my comment was never approved. I have screen shots of my question being posted and submission confirmation.
6) 98% accuracy basically it means nothing since the remaining 2% are enough to blow your account.
It is a pity Mark ruined his reputation which took him years to built for a quick buck. And yes my comment on Forex peace Army is mine (if it gets approved, I don’t copy paste comments!) I just say the truth!
So this is no go for me, even though it may make money. It is not my style of EAs and probably would have claimed refund from Clickbank which from time to time I am risking not to have anymore 
******* original post *****
With the release of Leo Trader Pro, which so far has been a big disaster (see latest post in this blog), this GPS Forex Robot EA has been in a way overshadowed. Personally I forgot about it! But here it is…
The mastermind behind GPS Forex Robot is Mark Larsen, a popular forex trader who has been reviewing and beta testing different systems during the last 6 years. His site contains HUNDREDS of reviews of popular forex systems. Clearly, this guy has not only seen it all, but also tested it all!
Needless to say, Mark has a reputation to defend and I agree with most of his review ratings. Two days ago a webinar was held and you can listen to the interesting webinar by visiting the official website of GPS Forex Robot.
WHAT’S SO SPECIAL ABOUT GPS FOREX ROBOT?
1) The only forex robot that has 1 year live trading proof authenticated by a broker.
2) Rock solid proof: Three Accounts traded and published live on the site: Mt4stats, Myfxbook, Mt4i.
3) Support and supervision of Mark Larsen, popular forex trader, founder of several blogs and review sites. He is well known in the forex community during the last 6 years. He has a reputation to defend!
This is the only forex system that has 1 year (an entire 12 months!) of verified live trading proof!
I will buy the EA later and will post results in here as usual.
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Hi There,
Million thanks for the hard work!
You’ve pointed out the solid logical point which helps a lot.
Your comments are incorrect re: Mark Larsens GPS bot .I purchased it in Dec and this ea has not had one
losing trade yet. And there was no $890 loss..look at the rest of the test it recovers all plus $$.
Glad that it is working for you.
Click on the FXBook link. Please tell me what this trade is – is it $890 loss? How can you say that there was no $890 loss????? It is marked in RED how can you not see it?? Incredible!!
12.15.10 01:00 12.15.10 08:29 EURUSD Buy 1.00 0.00000 0.00000 1.33806 1.32914 -89.2 -892.00 7h 29m -8.92%
Two trades later, a trade of 5 lots risking your account basically. If this trade went bad as well, your account is doomed.
12.15.10 08:29 12.15.10 19:37 EURUSD Sell 5.30 0.00000 0.00000 1.32912 1.32721 19.1 1012.30 11h 8m 10.12%
That’s a very bad money management system at its best!
I will upload a screen shot later so you don’t think I am inventing things.
Again glad that it is working for you.
Trades less than once per two trading day on any broker…..i.e. every other trading day it secures between 5 and 8 pips. Rest of the time it sits and sulks. Only trades on Swissy (sometimes) and EuroUSD mainly.
Admittedly only one large loss so far.
Not what I’d call a money spinner but safe enough that I’ve had it live for over a month now on a $5K acct. Don’t think that it will make me as rich as the two Russians, or that I’ll be buying a new car – like them. Might be able to afford a bottle of brandy a month.
tried that back test its not correct it wont even do it so i don’t know how this is working scam non of those robots do any backtest in any time frame is all B**S crap. u ca find it on ebay cheap as well they are getting rich with selling something don’t work . & who ever wants to verify that email me ill be more than happy to explain this B****s
Well I told you not to buy it
Marks GPS robot.. finally whipped out my demo account with two consecutive losing trades.. I DO NOT recommend this robot..First negative trade was large then trying to recoup with the next trade it devastated my demo account..
Glad that someone that tried GPS Robot posted this comment, since if you read my article I highlighted this actual fact – huge stoploss and there is a some kind of martingle involved.
Thanks Greg