Forex Gump’s Development Process
Forex Gump has undergone a comprehensive development phase lasting over a year and a half, employing cutting-edge trading indicators and rigorous pre-launch testing to optimize outcomes.
Variety in Packages & Pricing
Forex Gump is available in two main packages:
- Standard Package: For €199, it includes 1 live account, 1 demo account, 24/7 support, free updates, and a 30-day money-back guarantee.
- Premium Package: Priced at €399, offering 3 live accounts, unlimited demo accounts, constant support, free updates, and a 30-day money-back guarantee.
Currency Pairs and Trading Timeframes
Forex Gump supports a wide array of currency pairs. On the H4 timeframe, it trades pairs such as AUD/CAD, EUR/USD, and GBP/JPY. Additionally, it operates on nine key pairs on the M1 timeframe, catering to various trading preferences.
Forex Gump’s Trading Strategy
The robot’s strategy encompasses trading on nine currency pairs on the M1 timeframe and 25 pairs on the H4 timeframe. Traders can select pairs based on their risk tolerance, choosing between major pairs with lower spreads and minor pairs with higher spreads. Forex Gump’s decision-making integrates trend filters, price action analysis, and a news filter, with options for low, medium, or high-risk modes.
Trading on the M1 timeframe with Forex Gump suggests the use of a reliable ECN forex broker to ensure the best trading conditions.
Backtesting Results
Forex Gump’s performance has been extensively backtested over 1,058 days. This comprehensive backtesting provides insights into the robot’s account growth, cumulative profit, and daily banked returns. However, detailed statistics and specifics of the backtest results are not provided in this summary.
Note: It’s essential to consider that past backtesting results do not guarantee future performance, and online trading involves risks.
Understanding Forex Gump’s Live Results
It’s important for potential users of Forex Gump to recognize that all live trading results are based on historical data. This historical performance is not a definitive predictor of future results, and engaging in online trading comes with its inherent risks.
Client Feedback on Forex Gump
Client feedback for Forex Gump is somewhat limited. As of now, only a single review is available on Trustpilot, which might not provide a comprehensive view of user experiences.
Final Assessment of Forex Gump
In summary, Forex Gump is a fully automated Expert Advisor (EA) known for potentially significant drawdowns, indicating a higher level of risk, yet with the possibility of greater rewards. It’s especially noteworthy for its M1 timeframe trading capabilities. When using Forex Gump in this mode, it’s advisable to choose a forex broker offering tight spreads to reduce slippage risks.
While exercising caution, especially with the M1 timeframe, setting an appropriate risk-to-reward ratio is crucial. Despite the presence of more established robots in the market, Forex Gump distinguishes itself by providing comprehensive instructions, support, and a 30-day money-back guarantee, making it a considerable option for those venturing into automated forex trading.
