Forex Gump Review

Forex Gump

Forex Gump is a trading solution that has a simple and not informative presentation. The developers decided not to post the main claim about how good their advisor is. We see no reason to post this photo from stock as a background. 

Forex Gump At a Glance

Shortly, the system has the next parameters:

Price€199, €399
Trading PlatformsMT4
Currency Pairs25 currency pairs
StrategyGrid 
TimeframeM1
Recommended Deposit$4000
Recommended Leverage1:100
Money ManagementYes

Forex Gump Functionality

We have a few details about the system. Other details we have to come up with:

  • The robot works fully automatically for us on a real or demo account. 
  • The advisor is a frequently traded trading solution. 
  • The system executes a Grid of orders strategy. 
  • It sets unique TP and SL levels for each order. 
  • We may work with three levels of risks: High, Middle, and Low.
  • The robot can trade on the M1 time frame. 
  • The system runs the charts 24/5. 
  • We have to run a deposit of $4000 or more. 
  • This intel doesn’t match with the time frame intro we saw. 
  • The leverage can be set at 1:100. 
  • The original version of the robot can be bought from this site. 
  • There’s no system on the MQL5 published.
  • The main strategy is not revealed, but there’s a Grid of orders on the board. 
  • We can work with GBP/USD, AUD/USD, EUR/JPY, EUR/USD, EUR/CHF, EUR/GBP, USD/CAD, USD/CHF, and USD/JPY.
Forex Gump pricing

There are two packages in EUR introduced. So, we have to overpay because the pricing is not in USD. The first pack costs €199 and includes one real and one demo account, free 24/7 support, free updates, and a refund policy within 30 days. The second pack is twice more expensive and costs €399. 

Forex Gump Trading Strategy Tests

The robot is delivered without a backtest report. It’s a common way to introduce the system by scammers. It’s a huge risk to buy it because we don’t know how the robot handled past data and from what broker it was received. As well, we don’t know what to expect from the system on the real account. 

What About Forex Gump Live Trading Results

Live Trading Results

The system is still sitting in the huge 30% drawdown. As a result, the floating profit is -$35,470. We clearly remember how the account was deposited at $35,000 at the beginning. Now, it shows a $50,000 deposit. So, the data is compromised. The advisor has been working since 2018. These two years were removed as well. The account was “found” on September 15, 2020. Since then, the balance has become $117,223. The margin in use is $7,304. The margin level is 1,119%.

The average results

The total return is +134.4%. The average monthly gain is +12,0% when the average weekly return is +2.7%. The trading accuracy is 87,7%. The profit factor is 2.07. The average trade frequency is 16.9 orders daily. The robot works 311 days. 

Average results

The risk to the reward ratio is 21.35. An average result is $12.75. An average win is $28.11 when an average loss is -$96.39. The risk of ruin is 0.0% (it’s not correct intel according to the drawdowns we saw). An average trade length is 46.6 hours.

MT4 symbols

The advisor trades all available in the MT4 symbols. The most-traded symbol is GBPAUD (420 orders) and EURAUD (404). GBPUSD is the most profitable, with $5,432. 

MT4 symbols

The system trades long and short directions equally. 

MT4 symbols

Every traded symbol has its own strategy. It’s risky to buy this because we can’t imagine the developers updating all of them to keep EA profitable. 

Trading days

Wednesday and Thursday have the highest profit factors – 2.48. 

MT4 symbols

The robot trades all hours before the update. 

Trading hours

Now, the robot opens trades only during proper hours. 

Removed trading results

We may note removed trading results of September, October, and November 2020. 

Grid of orders

The robot uses a grid of three-four orders to close them in profit. 

We Would Like to Note

Profile on Forex Peace Army

Forex Gump has its own profile on Forex Peace Army. We may note an account connected to the profile with 156 weeks of trading results. 

User reviews

A single comment about the system can be relevant in decision making. 

Forex Gump Review Summary

Forex Gump
1 5 0 1
Forex Gump is a trading solution that runs on a real account. The system uses a risky strategy - Grid. The robot executes orders on many more pairs that we can see mentioned in the presentation. The developers manipulated data and removed two years of trading results. So, we can’t trust this system at all.
Forex Gump is a trading solution that runs on a real account. The system uses a risky strategy - Grid. The robot executes orders on many more pairs that we can see mentioned in the presentation. The developers manipulated data and removed two years of trading results. So, we can’t trust this system at all.
1/5
Total Score
  • Functionality
    1/5 Awfully
    We know a few details about the system.
  • Trading strategy
    2/5 Bad
    It uses a Grid of orders strategy.
  • Live results
    1/5 Awfully
    The results are compromised.
  • Customer support
    1/5 Awfully
    We don’t know if support is viable.
  • User reviews
    1/5 Awfully
    The system has just a single review that looks like fake.

The Good

  • Real-account trading results
  • The refund policy provided

The Bad

  • Risky strategies on the board
  • No backtest reports provided
  • Trading results were modified several times using data manipulations
  • No people feedback provided
Total
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