GPS Forex Robot EA v1.0 MQ4 Source Code

The GPS Forex Robot is a MetaTrader 4 (MT4) compatible expert advisor designed for currency trading. With a minimum deposit of $100, it’s accessible to amateur traders. This robot trades on several currency pairs, including EURUSD, EURCHF, EURGBP, and USDCHF. Its cost of $149 makes it an attractive option for those seeking automated trading solutions.

GPS Forex Robot EA MT4 Source Code

GPS Forex Robot: A Brief Overview

• Name: GPS Forex Robot
• Platform: MetaTrader 4 (MT4)
• Minimum Deposit: $100

Trading Strategy

The GPS Forex Robot 3 is an automated trading system that navigates the market dynamically. Here’s how it works:

1. Market Analysis:
   • The robot constantly adapts to changing market conditions.
   • It combines technical indicators and current price action to generate signals.
   • Unlike rigid bots, it adjusts to the ever-changing forex landscape.
2. Reversal-Based Money Management:
   • The EA uses a unique money management system.
   • If an initial trade goes wrong, it attempts to recover by reversing positions.
   • While this can be effective, it may lead to drawdowns if the market continues against the initial position.
3. Time Frames:
   • The GPS Forex Robot performs well on any time frame.
   • It can trade on 1-minute, 5-minute, and other time frames.
   • Running it 24/7 is recommended to maximize results.
4. Currency Pairs:
   • Optimized for:
     • EURUSD
     • EURGBP
     • USDCHF

Additional Considerations

• Backtesting: Before using it live, thoroughly backtest the EA on a demo account over an extended period.
• Semi-Automated Mode: You can set it to alert you when it finds a trading signal. Decide whether to enter the market based on your analysis.
• Risk Management: While the reversal-based approach can recover losses, consider implementing a trailing stop to protect profits.

Download and Installation

1. Download:
   • Visit our website: FXCracked
   • Download the “GPSForexRobot.ex4” expert advisor.
2. Installation:
   • Open MetaTrader 4.
   • Go to “File” > “Open Data Folder.”
   • Navigate to the “MQL4” folder.
   • Inside the “Experts” folder, place the “GPSForexRobot.ex4” file.
   • Restart MT4 and attach the EA to your chart.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

What’s in the package?

• Experts : GPS Forex Robot EA.mq4