GPS Forex Robot
GPS Forex Robot is a fixed three-pair MT4 EA with one of the longest public Myfxbook track records in the retail EA market, sold on a one-time fee but carrying a wide gap between its marketing claims and its Trustpilot reputation.
GPS Forex Robot is a fixed three-pair MT4 EA with one of the longest public Myfxbook track records in the retail EA market, sold on a one-time fee but carrying a wide gap between its marketing claims and its Trustpilot reputation.
- •FBFX Score of 36/100 (higher risk profile)
- •Results are live-verified, not backtest-only
| Strategy type | Grid |
| Win rate | N/A |
| Profit factor | N/A |
| Max drawdown | N/A |
| Backtest period | N/A |
| Recommended pairs | EUR/USD, USD/CHF, EUR/GBP |
| Recommended timeframe | N/A |
| Min deposit | N/A |
| Price | $149 one-time |
| Category | Score | What we checked |
|---|---|---|
| Performance | 0/30 | No profit factor or win rate disclosed yet |
| Risk management | 0/25 | No maximum drawdown figure on file yet |
| Transparency | 20/20 | Live-verified results, not backtest-only |
| Value for money | 6/15 | $149 one-time on file |
| Support & updates | 10/10 | 3 FAQs and 3 documented strengths on file |
- ✓One of the longest continuously running publicly tracked EAs on Myfxbook, live since 2010
- ✓One-time $149 license fee with no recurring subscription
- ✓Fixed three-pair setup (EUR/USD, USD/CHF, EUR/GBP) that requires no manual configuration to start trading
- ✕Trustpilot reviews are heavily negative: 2.1/5 overall with roughly 67% one-star ratings, a sharp contrast to the vendor's own marketing
- ✕Public Myfxbook accounts have shown drawdown as high as roughly 90%, far beyond what most risk-conscious traders would accept
- ✕The vendor's marketed '98% accuracy' figure is a promotional claim rather than an independently measured, audited win rate
Marketing copy that describes an EA as using a "reverse strategy" to recover from losing trades is describing a loss-recovery mechanic, and those mechanics come in a wide range of aggressiveness. At the mild end, that might mean simply widening a stop and waiting for a pullback. At the aggressive end, it can mean adding to a losing position, which is the same underlying idea as martingale even when the marketing avoids that word. The practical effect is the same either way: the strategy trades a smoother-looking equity curve most of the time for the chance of a much sharper drawdown when the market moves against it for longer than expected. GPS Forex Robot's own public account, with drawdown reported close to 90% at points, is a real example of that trade-off playing out, not a hypothetical one.
What GPS Forex Robot does
GPS Forex Robot is built by developer Mark Larsen to trade three specific pairs (EUR/USD, USD/CHF, and EUR/GBP) using a trend-following approach with a built-in "reverse strategy" the vendor describes as a way to recover from losing trades. In practice that means the EA doesn't simply close a losing position at a fixed stop the way a plain trend-following system might; it adjusts its handling of the trade after a loss, which is the kind of loss-recovery mechanic that tends to trade smaller, more frequent drawdowns for the occasional much larger one.
Should you trust the "98% accuracy" claim?
The vendor's marketing leads with a 98% accuracy figure, but that number doesn't come from an independently audited source, it's the vendor's own promotional claim. What does exist independently is a Myfxbook-linked account history dating back to 2010, which shows a real, verifiable track record rather than a backtest. That history tells a more complicated story than the marketing headline: total gains have been substantial over the account's lifetime, but they've come with drawdown periods far outside what a 98%-accuracy pitch would suggest. Independent Trustpilot reviews reflect that gap, with a large share of one-star ratings from buyers who say actual results didn't match the promoted figure.
Pricing
GPS Forex Robot is sold as a one-time $149 fee rather than a subscription, which is on the lower end for a commercial MT4 EA with a decade-plus track record. There's no recurring cost disclosed beyond the initial purchase.
The drawdown risk-conscious traders need to see
The same Myfxbook account that shows GPS Forex Robot's long public history has also recorded drawdown in the high double digits, close to 90% at points, which is a materially different risk profile than the accuracy-focused marketing implies. That level of drawdown means an account running this EA at similar settings could come close to a full wipeout during a bad stretch before recovering. Anyone considering this EA should treat the drawdown history as the more important number to plan around, not the headline accuracy claim.
Who GPS Forex Robot fits (and who it doesn't)
This EA fits traders drawn to its unusually long public track record and low one-time cost, and who are comfortable running it at conservative lot sizes specifically because of its documented drawdown risk. It's a poor fit for anyone taking the "98% accuracy" marketing at face value or running it at default/aggressive settings on an account they can't afford to see drop sharply during a losing stretch.
Longevity alone isn't the same as low risk. GPS Forex Robot has one of the longest continuously public track records in this category, running since 2010, but that history includes far deeper drawdown than a similarly long-running conservative EA would typically show. Forex Fury is the more conservative comparison point: a shorter track record, but built around small, tightly capped losses rather than a loss-recovery mechanic. If independent verification matters more to you than either EA's specific track record, 1000pip Climber System takes a different approach entirely, leaning on signal alerts and personal vendor support rather than a public Myfxbook account.
| Name | FBFX Score | Win rate | Profit factor | Max drawdown | Live-verified |
|---|---|---|---|---|---|
| GPS Forex Robot (this one) | 36/100 | N/A | N/A | N/A | Yes |
| 1000pip Climber System | 24/100 | N/A | N/A | N/A | No |
| Forex Fury | 48/100 | 93% | N/A | N/A | Yes |
Many of the negative reviews cite results falling well short of the marketed 98% accuracy figure, along with periods of steep drawdown that caught buyers off guard. The Myfxbook-linked account shows genuine long-term gains, but the ride there has been far more volatile than the promotional claim implies, and that mismatch between expectation and experience is the recurring theme in the negative reviews.
The vendor describes a built-in "reverse strategy" used to recover from losing trades. That functions similarly to other loss-recovery techniques in that the EA adjusts how it handles a position after a loss rather than closing it out at a fixed stop, and it's a likely contributor to why drawdown on the public account has run much higher than a simple trend-following EA would typically show.
Not disclosed. The vendor doesn't publish a specific broker compatibility or execution-requirement list beyond needing a standard MetaTrader 4 account, so check execution speed and spreads with your own broker before running it live.