Forex Gump is a system we know few things about. The developers do everything possible to cover important information for us. So, the presentation is just several pages long. It couldn’t convince us to buy the robot.
Forex Gump: To Trust or Not to Trust?
The system is based on the insanely huge Grids of orders. The bigger a Grid is, the more margin you need to support open deals on the market. It’s so risky and isn’t conservative.
There are little features, settings, strategy, and other explanations:
- The system is a high-frequency trading solution.
- The robot uses big Grids of orders to make profits.
- The system sets unique Take Profit levels that vary from the market conditions.
- There are High, Middle, and Low risk levels that we can apply for trading.
- The money-management system sets smart Stop Losses to protect open deals from zeroing the account.
- It trades nine currency pairs: EUR/JPY, EUR/USD, GBP/USD, AUD/USD, EUR/CHF, EUR/GBP, USD/CAD, USD/CHF, and USD/JPY.
- The robot works on the lowest available chart – M1.
- The expert advisor works all day, every day, excluding weekends and holidays when markets are closed.
- The minimum deposit requirement is sky-high – $4000 for 0.01 Lot Size trading. It means the system sits in consistent and deep drawdowns.
- We can start trading from 1:100 leverage or higher.
The robot is introduced in two packages that vary by the real account licenses. The cheapest pack costs 199 EUR. It’s featured by one real and one demo account license, free 24/7 support, free updates, and a 30-day money-back guarantee. The expensive pack costs 399 EUR. We can expect to use the robot on three real accounts and an unlimited number of demo ones. The purchase is powered by SendOwl. This is a little-known paying service.
We can complete purchasing using PayPal. So, no direct card payments are allowed. PayPal doesn’t support refunds for digital products.
Verified Trading Results
The presentation isn’t featured by backtest reports. So, the robot could be released without being well-tested under various market conditions based on the broker tick data.
Forex Gump EA works on a real USD account that was funded several times. The total deposit amount is $39,723. The account was created on August 1, 2018. Since then, the balance has become $101,461.62. The margin in use is $1,824.44. The Floating Loss is -$26.163.73.
The Total Return is +2,546.5%. The average monthly gain is +10.4% when the average weekly return is +2.4%. The maximum drawdown is not shown. The trading accuracy is 73.9%. The Profit Factor is 1.95. There were 102.482.4 pips traded. The robot is a frequently traded software (15 deals a day). The robot is online for 975 days.
The Risk to the Reward Ratio is 1.58 only. An average win is +$11.70 when an average loss is -$16.96. The risk of ruining the account is low – 1.6% only. An average trade length is four days and a half.
The robot trades nine symbols. The most frequently traded and profitable is GBP/USD with 3400 deals and $16,786.43. EUR/GBP has the highest Profit Factor – 2.7.
The system trades SELL and BUY directions mostly equally.
There’s a single strategy with a unique magic number and 27 deals performed manually.
The most frequently traded day is Thursday, with 3130 deals and $14,918.06 of the profit.
The robot focuses on trading the European trading hours and the opening of the American session.
All months since the beginning have been closed with a profit.
The system consistently uses Grids of 5-14 orders to make more profits.
The robot experienced consistent drawdown periods in 2020 and 2021.
The company has a medium level of transparency. From one side, the developers provide a real $100,000+ account, and this is big. But from the other side, we have no backtests. The system includes a Grid strategy, the presentation doesn’t include people’s testimonials.
Forex Gump created a page on Forex Peace Army. It includes single four-star feedback and connected trading results from the main account.
The last and only review was published on October 4, 2020. It was a positive experience.
There’s a SendOwl featured 30% affiliate program. Everything we have to do is register in the program, inform our visitors about the product, and receive commissions from purchases.