Forex Gump is a robot that has an unprofessional presentation. It’s just a three-page long without any explanations of what’s going on with the robot. Let’s try to get this question answered.
The robot is introduced in two packages that vary by the real account licenses. The first pack costs 199 EUR. It includes one real and one demo account, free 24/7 support, free updates, and a 30-day money-back guarantee. The second pack costs 399 EUR. It includes three real accounts and an unlimited number of demo ones. We’re suggested to use SendOwl payment service.
So, we can pay only via PayPal. It means no refunds for us.
Forex Gump Strategy
- The system works completely automatically.
- It seems the robot is a trend trading advisor because it works on the lowest time frame.
Forex Gump Features
We have grouped up available features in the following list:
- The robot trades every day with solid trading frequency.
- The system sets a unique Take Profit depending on the market conditions.
- The settings (High, Middle, and Low) vary by risk level.
- There are tight Stop Loss levels to protect the account from being burned.
- It works with nine currency pairs: AUD/USD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
- The system runs the charts on the M1 time frame.
- Ir trades 24/5 seeking trading opportunities.
- The minimum deposit requirements are $4000 for 0.01 Lot Size trading.
- The leverage should be set at 1:100 or higher.
- That’s it.
Forex Gump Backtesting Results
The developer provided no backtest that can calm us that everything was okay during the testing period of the EA design. So, we can’t be 100% sure that the system ran the past data safe.
Forex Gump Trading Results
Forex Gump EA runs a well-deposited real USD account. The total deposit amounted to $39,723. The account was created on August 1, 2018. Since then, the balance has amounted to $101,037.36. The margin in use is $1,672.48.
The total return is +2,535.5%. An average monthly gain is +10.4%. An average weekly return is +2.4%. The maximum drawdown is not available. The win-rate is 73.9%. The Profit Factor is 1.95. There are fifteen trades per day performed. The robot is live for 969 days.
The Risk to the Reward Ratio is 1.57. An average win is +$11.68 when an average loss is -$16.97.
The robot works with nine symbols. The most frequently traded and profitable is GBP/USD with 3395 deals and $16,751.23.
It works in both directions equally by the number of orders, profits, Profit Factors, and win-rates.
There’s a single magic number and 27 deals traded manually.
Thursday (3123 deals) is the most traded day.
The robot focuses on trading the European trading session.
The system works with insanely extended Grids of orders. Fourteen deals are overkill for the margin.
All of the trade months were closed with profits.
Forex Gump Reputation
Forex Gump has a page on Forex Peace Army. There’s a single review without a rate. We can see the connected account of this robot.
As we can see, the last review was half a year ago. It’s positive. Anyway, it warns us that the system has only a single testimonial, having the trading results like these.
Forex Gump Review Summary
- Strategy – score (4/10)
- Functionality & Features – score (5/10)
- Trading Results – score (8/10)
- Reliability – score (4/10)
- Pricing – score (6/10)
Conclusion
Forex Gump is a Grid-based trading advisor that uses insanely wide Grids of orders, opening fourteen trades for each grid. It’s so dangerous to use a robot like this on a real account. Keeping orders on the market takes a significant level of margin. It’s so risky for many conservative traders.
