The installation process of the Forex Gump EA on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with Forex Gump EA without problems.
Forex Gump EA is a very profitable Forex Expert Advisor with trendy a candle and News Filter. Forex Trading Robot trades every day. Takeprofit of each order is always unique, the Expert Advisor adjusts it to the current situation in the FX Market.
Statistics
Information about Forex Gump EA
Forex Gump EA is a very profitable Forex Expert Advisor with trendy a candle and News Filter. Forex Trading Robot trades every day. Takeprofit of each order is always unique, the Expert Advisor adjusts it to the current situation in the FX Market.
Always trades in profit, orders are closed within 1-4 days. This technology protect you to lose more money than you have specified in the settings of the EA, even if the system crashes.
Support unique multi currency strategy 9 currency pairs (AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY) on M1 Timeframe.
Using this Forex Trading System isn't affected by emotions, negative circumstances, or even the need to meet daily physical demands. It just keeps working, programmed with 100% market evaluation and implementation. Stays operational 24/5 searching for profitable trading opportunities. So unless you turn it off, you won't miss a single lucrative trade option.
You can trade with as $4000 account, or a minimum of $40 on a micro(cent) account.
Purchase includes:
€199
- Live accounts: 1
- Demo accounts: 1
- Free 24/7 Support
- Free Updates
€399
- Live accounts: 3
- Demo accounts: Unlimited
- Free 24/7 Support
- Free Updates
Refund policy
Forexgump.eu provide 30 days moneyback guarantee in condition of loss. To apply for refund you must send your live account statement of 20 days trading history by using Forex Gump EA. If your account balance is in loss than we will issue refund. Your statement must be valid. We have right to accept or reject refund request.
F.A.Q.
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What is the profit level of the Forex Gump EA on the real/demo account?
The Forex Gump EA has been able to reach the profit level of 468.9% during the live/demo trading period. These results are proven by one of the respected third-party companies.
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What is the drawdown level of the Forex Gump EA on the real/demo account?
The Forex Gump EA has been able to keep the maximum fixed drawdown level of 33% during the live/demo trading period.
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How much does the Forex Gump EA cost?
The official developer of the Forex Gump EA has announced the price of the Forex Gump EA to be $199.
Forex Gump EA Review
Forex Gump EA is one of the popular Forex robots that is claimed to be a very profitable Forex Expert Advisor with trendy a candle and News Filter. In this review let’s figure out what are the pros and cons of this Forex EA.
Basic information about Forex Gump EA:
- Price€199-399
- Currency pairAUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY
- Number of real licenses1-3
- Support24/7
- Refund30 days money-back guarantee
Conditions for trading:
- Minimal deposit amount$40-4000
- Time frameM1
- TerminalMT4
- Brokerbrokers with the narrow spread
Live performance of Forex Gump EA
Forex Gump EA has got no Myfxbook accounts and only one real statistic on FX Blue third party company. FX Blue has a slightly weaker account verification system than Myfxbook and so we cannot analyze everything as on Myfxbook but let's try to figure out what benefits does this Forex robot can give traders anyway.
Disclaimer
*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.
Live performance analysis of Forex Gump EA
There are two packages of Forex Gump EA to choose from. The €199 package and the €399 one. The only notable difference between them is the number of live accounts you get. The €199 package comes with only one live account and one demo account. The €399 package allows up to 3 live accounts and unlimited demo. All the accounts come with free updates and support.
The EA supports trading on 9 currency pairs at the same time and works on the M1 timeframe. It is compatible only with the MT4 terminal and works 24/5.
As we can see from the chart below often Forex Gump EA takes a profit of 7 points per trade which means that this EA is definitely a scalping one. It also uses a loss compensation system and sometimes increases the number of pips it takes to recoup losses.
Forex Gump EA has no official backtests of any kind and it is disappointing because backtesting of the system is an important factor when choosing the best Forex robots for automated Forex trading. It is an important indicator of the stability of the system.
Forex Gump EA has got no Myfxbook accounts and only one real statistic on FX Blue third party company. FX Blue has a slightly weaker account verification system than Myfxbook and so we cannot analyze everything as on Myfxbook but let's try to figure out what benefits does this Forex robot can give traders anyway.
Visible trading results of the EA look really good. Forex Gump EA has collected a bit more than 2k% of gain during its trading time which is already more than 24 months (look on the chart below).
Forex Gump EA on average performs something around 22 trades per day which leads us to the possible conclusion that the EA trades actively on all nine currency pairs it capable to work on. Trading statistics confirm this assumption. As we can see from the chart below Forex Gump EA has already made 2357 trades on the GBPUSD currency pair as the biggest number and 633 trades on the EURCHF currency pair as the least number.
According to these numbers, it is possible that the EA uses a grid trading strategy that seeks to make a profit on the natural movement of the market by positioning buy stop orders and sell stop orders.
From the Forex Gump EA history of the closed orders, it is clearly seen that the EA raises risks and so uses the compound interest to grow the deposit faster. The initial lot size on the account was 0.02 lot and it has raised to 0.10 lot per trade during the trading period.
As we can see from the following stats, Forex Gump EA has got pretty high floating drawdown level which is equal to 78.5%. At the same time, the average monthly profit of the EA is equal to 13.2%. According to these numbers, the Drawdown/profit ratio of this system is 1:0.17 which is not high at all.
With the monthly return of 13.2% and the extremely high drawdown level of 78.5%, the EA can't be described as highly profitable but still, the statistics show constant growth of the deposit since the start of its trading which leads to another side of the coin.
The drawdown/profit ratio is not the only factor that determines the successful Forex robot. The reliability of the system is an equally important success factor. By reliability, I mean the ability of the system to avoid deep drawdowns or at least to fix them as rarely as possible. And when talking about this factor, Forex Gump EA shows very good results. There have been simply no cases of deep drawdowns on the account during the trading of this system which gave it a possibility to reach a bit more than 2k% of profit even with such a low drawdown/profit ratio.
There is a problem with the Forex Gump EA. If we look at the graph with the trading activity of the robot, we can clearly see that there are no stop losses for any of the trades in the history of the account, which means that this EA prospectively can lose all the deposit of the account.
According to user reviews, this EA keeps trades in the Market until the price turns in the opposite direction. This could be pretty dangerous because the price may not reverse at all, which will lead to the total account blow up.
Summary
So, what do we have in the end? We have a very popular scalping Forex robot that has only one account on FX Blue and not a single Myfxbook account, which makes me trust less in the live statistics information. There are also no official backtests of any kind and the developers' web site looks also not very good.
But on the other hand, we have a clean upward statistic with more than 2k% of the profit that's been reached during more than 2 years of trading. The system shows impressive reliability and good trading results even though the profit factor of the system is not that high. And, in the end, the system costs only €199 per license which is quite an affordable price for such a quality.
Final marks
As it’s been said, the price of this Forex robot for the results that it shows is more than affordable and so I give it the maximum 5 out of 5 for this rating stat.
Drawdown/profitability ratio is one of the most important characteristics of any Forex EA and in the case of Forex Gump EA the ratio is not that high but instead, we have a constant growth of the deposit which is possible because of the reliability of the system. That's why it has 4 out of 5 in this stat.
The live statistics of Forex Gump EA start in July 2018 which gives us 2 years of the results and it is enough to give it 5 out of 5 stars.
Unfortunately, there are simply no backtests of Forex Gump EA so I give 0 out of 5 stars for this statistic. And my personal assessment for the Forex Gump EA is quite similar to the objective marks that have already been given. There are some pros and some cons of this system which make me doubt a little about the real performance of this system but I would rather recommend it than not recommend it. 3 out of 5 it has.
At the moment of writing this review, the automated rating system of the ForexStore rated the Forex Gump EA 8 out of 10. The review mark for this EA is a bit lower. The average mark of this review is 3.5 out of 5 which is equal to 7 out of 10.
I hope this helps you, traders! I wish you profitable trading and luck on the market!