A site to discuss Options trading, Forex and Long Term Investing. Thanks for this post LT. These days April another shameless guy called "Doug Price " selling lots of EA under different trade names with "Rev trader pro" RTP and Vortexpro" VTP the most common. As you said , he sleeps extremely well by fleecing people. Shameless ,rude and unethical guy. Gold Digger from same 3 guys! Binary brokers are crooks too. So, Gold Digger is a quadruple scam!

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Sunday, May 8, The Truth about the GPS Forex Robot. Mark Larsen apparently gained some popularity as a "clean guy", "a fresh image in the forex industry", "a transparent no BS approach kind of guy". Mainly by giving away free stuffs like reviews and tips for trading the forex markets, plus some explanations here and there of basic forex strategies.

And, that was good, maybe even easy in an industry so full of lies and shit. But it was even better for his pockets when later on he came out with the GPS Forex robot invention which saw the light in December Easy sale, provided he had proven to the world he was a "different guy". This robot is sold for bucks, and with a 60 day money back policy by ClickBank all they need is for the robot to not blow your account in two months to lock in the profits from your pocket.

Now, some interesting points to analyze: However, if the robot makes a losing trade it enters a "revenge" trade with 5x the size of the previous bet. That, is a nasty martingale where all your account is bet in that all or nothing play. See it with your own eyes http: The disaster has not happened so far, Two losses in a row and you will have no account at all. Is that even his name? Go to the sales page of the robot. That has never happened!!!!

It will happen, it is only a matter of time. Obviously, the copies promise was a lie. The funny thing is, they didn't need to do it. They have the right to sell their crap as many times as they want? Why do they deceive people? There was no need to.

Only to reinforce their sale pitch and make naive traders out there feel more confident buying the Holy Grail. A sales page where they allow people to comment on their product!

These guys are transparent! Now, isn't it weird that all the comments there are positive? Over comments on that thread, you think it is impossible for them to fake them and write them themselves. By reading some of the comments you realize they are authentic, that is written by outsiders and real customers. But just for curiosity, enter a comment saying something simple, for example that the robot uses in deed a martingale mechanism, or say something about the remaining copies counter that gets reset.

They will remove your comment. I did it myself, I have no way to prove I did it, but feel free to do it yourself and you'll see yours removed too.

Of course It is not hard to imagine they have done the same with more then one person. This also makes me question his "transparency".

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Now, before I leave, let me give you a link to the Forex Peace Army page where this robot is reviewed by the community http: Remember these are not affiliates or anything, but real users, with their personal experiences included.

Finally I will use one of the comments in FPA, which summarizes it all: Mark and the Russian brothers have LIED to us. They said that this robot is NOT a martingale or a no stop loss system!

I am going to explain this scam to you. If you know about probabilities, you will know that if you risk 88 pips to win 8 pips, that is to say, you are willing to go into open trade drawdown of up to 88 pips waiting for a reversal to get your 8 pip winner , then you will be successful 10 out of 11 times.

And on the average, once out of every 11 tries, you will be stopped out. If you truly have some trading advantage in your strategy, you will do visibly better than 10 out of 11 wins So, you get hypnotized by the seeming magic of this robot THEN comes the 88 pip loser, which instantly wipes out virtually all of the winnners you got up to that point Notice that in their long history you see I think about of those 88 pip losers Seemingly not because they have never been stopped out in 18 attempts I asked the russian brothers many times and they kept ducking and dodging and saying "it depends on market conditions" In other words NO STOP LOSS!

BETTING THE FARM FOR 19 PIPS!!!

Add in the cost of commissions, and your blowout WILL HAPPEN! CALL THEM AND INSIST EMAIL ME IF YOU HAVE ANY DOUBTS! Contrary to many people's believes.

The GPS Forex system is not a perfect system, not even a good one. The Gps Forex system does indeed use the Martingale strategy. And not a clever one by the way. Wait for that day, because it will be a lot of fun. Will Mark sleep well at nights? Will his conscience be clear after being aware he sold his soul to devil?

For sure he does!!!! By now he had at least users who bought the robot. That is at least K on his personal accounts.

I bet he can do many good things with that money in the future to redeem his soul. Share to Twitter Share to Facebook Share to Pinterest. Forex , Reviews , Trading Robots. Anonymous April 27, at Newer Post Older Post Home. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. A basic strategy 3-Invest and Retire before you die 4-ETF Rotation systems to beat the Market First Name Email Address No spam ever.

The Truth about the GPS Forex Robot. Forex tools Moving Avg Crossovers with alerts. MACD Divergences with alerts. Multiple trades Manager EA.