Forex Gump EA is a professional trading robot that was created by an undisclosed individual or company with the goal of bringing in automatic profits for any trader that purchases the software.
Overview
Forex Gump EA automatically places trades on your trading account every day using a News Filter and candle. It offers a low, medium, and high-risk preference setting, which can really affect your risk tolerance and profits. The robot also uses a different take profit setting on every trade in order to find the best option based on the current market. These details help to provide better results. Here are some important facts about the robot:
- Works with 9 currency pairs: AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY
- Works on the M1 timeframe
- Monitors trends, prices, and news
- Compatible with the MetaTrader 4 (MT4) platform
- Trading preference can be set to high, medium, or low risk
- The Expert Advisor uses a unique take profit order for every single trade which is adjusted according to the market’s current setup
According to the developer, the robot was able to profit more than 1000% in just one year. The developer attributes some of the software’s success to the fact this the robot does not fall victim to human emotions and that it never sleeps, although these facts are true for any Expert Advisor.
Service Cost
Forex Gump EA requires a hefty deposit of $4,000 on a regular account, with a smaller option of a $40 deposit on a micro/cent account. Two versions of the EA are available, both offer a 30-day money-back guarantee, free updates, and 24/7 support. The cheaper option costs $199 and works on one live account while allowing one demo account. The second version works on three live accounts and allows for an unlimited number of demo accounts for $200 more. This appears to be for a lifetime license; however, the website does not state this outright.
Conclusion
Forex Gump EA is advertised as a profitable Expert Advisor that can be used by both beginners and professional traders with the potential to make more than 1000% in profits per year. The software works with several different currency pairs on the M1 timeframe while using adjusted settings for every take profit level and allowing users to choose their preferred risk level from high, medium, or low-risk choices. While it is difficult to find user reviews online, you will find several other reviews that have tested the product and posted their results online. This shows that others have in fact managed to turn a profit using this system, proving that Forex Gump EA is a profitable system that is likely worth its $199-$399 price tag.
