Forex Gump EA Review 2024: Features & Alternatives
Reviewed by Kristina Knight, Journalist , BA
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Forex Gump EA is a forex robot that helps traders with forex trading in an automated way based off designated rules set by the account holder.
Pros
- Demo account
- Easy set-up for nearly any trading style
- 30-Day Money-Back Guarantee
Cons
- No backtesting
- Not supported by all forex brokers
- No free forex robot option
- Automated forex robot
- Metatrader 4 Platform
- Expert team led by Andrey Kozak
- Profits of over 2000% in two years
The Forex Gump EA (expert advisor) is a great forex robot to utilize when you want to automate your forex investing without having to trade manually. Where Forex Gump EA differs from many of the others out there is that they are an expert advisor that trades up to 25 currency pairs, much more than other platforms.
Plus, their platform runs off of a news filter and a trendy a candle, making trades every day to earn you a profit with this expert advisor. Because of this, Forex Gump works by being highly sensitive to the market conditions, so this expert advisor adjusts accordingly based on various entry and exit signals.
It’s easy to create rules in the program based on your trading strategy, and let the Forex Gump EA work on the back-end to make you trades in the forex market. So, you simply set up your trading account with this trading robot, set parameters, and let it run on its own. Later on you can check back in to see its performance, and make adjustments if needed.
However, the whole point of using forex robots is that they allow you to take a hands-off approach to trading and earn more money.
Forex Gump EA Advantages
Let’s first cover some of the top advantages of utilizing Forex Gump EA to trade in the forex markets.
Forex Trading Robot Trades Every Day
One of the great aspects of Forex Gump Expert Advisor is that it operates each day, looking for profitable trading opportunities and ways to make you profit. Thus, it’s touted as one of the most profitable forex expert advisor options out there.
Forex Trading System Protects You From Losing Money.
The system is also built to keep you from incurring losses. Forex Gump EA will activate predefined settings to protect your profits, which is a great benefit for traders, even if the system crashes.
Money-back Guarantee
Many users like the fact that they offer a money-back guarantee if you are not satisfied with your trading account after a certain period of time testing it out.
Forex Gump EA Features
We can now take a look at the top features of Forex Gump Expert Advisor.
Trading Strategies & Currency Pairs
Above all, users like the amount of currency pairs that you can trade in Forex Gump EA, including AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY.
Forex Gump EA Forex Robot Plan
They also have two tiers of plans, though they are not a free forex robot. Continue reading below as we discuss the two different account types they offer.
| Price | €199 | €399 |
| Demo Accounts | 1 | Unlimited |
| 30 Day Money-Back Guarantee |  | |
| LIve Account | 1 | 3 |
€199 Plan
The first account you can get with Forex Gump EA is the €199 standard account. This includes one demo account, one live account, free 24/7 support, free updates, and a money-back guarantee.
€399 Plan
The next tier plan €399 is very similar, though it supports unlimited demo accounts and three live accounts.
Forex Gump EA Quick Overview
Best Overall Value
- Can see live trades through a MyFXbook account
- Free demo account with all plans
- Many currency pairs like EURCHF, EURGBP, EURJPY, EURUSD, and more
Forex Gump EA Customer Reviews
Forex Gump EA has garnered just a few customer reviews on Trust Pilot. So, let’s take a look at what they have to say about this forex trading system.
I bought the GUMP EA, 5 weeks ago, and started with 2 weeks on Demo.., then moved to live account. Pretty good system with Profits and low floating balance. Support on questions and queries are fast. The beauty of the system is that you let it run as supposed to be , and you will have no stress for markets up or down, makes easily 15% per month on mid Risk level. Very happy with it.
Samir
Don´t buy this bot, I started with 8 grand, and end up with 5 en 3 months….Go and check their web site, and see how bad the bot is performing on their own trading accounts….I lost 3 grand, I´m form México, it takes me one entire year to save 1 thousand dollars, I feel so bad, and so sad.
Capricio
In my previous review I mentioned concerns about the lack of stop loss. However I have since been advised that you can use a SL from within the settings: SafeEquityStopOut: true, when this is activated in the setting Forex Gump closes all open trades when a percentage of the account equity is in a floating loss…
Tim
Forex Gump EA Service Review
Review of Forex Gump EA
| Overall Pricing and Value | 92%
| 92% |
| Cost Value | 95%
| 95% |
| Customer Support | 95%
| 95% |
| Ease of Use | 90%
| 90% |
| Included Features | 90%
| 90% |
We can now take one final look at Forex Gump EA to see if it’s the right forex robot for you.
Is Forex Gump EA Right For You?
There are many expert advisors out there, so how can you know that Forex Gump EA is the right choice for you? They make it easy to get started, monitor trading results, and earn a profit with their program. For anyone who lacks the time or knowledge to trade in the FX markets for themselves, Forex Gump EA could be a great option.
Cost Value
Forex Gump EA is one of the most affordable forex robots out there. Plus, given all the features you can access with this program, many find that it’s worth the money.
Customer Service
There is not too much information from customers about their experiences with the support team. However, this EA runs 24/7 live support for all account holders, which we see as a positive.
Ease of Use
It is easy to get started like with other forex robots that automate trading for you. So, Forex Gump EA is no different, and will run by itself once you have the parameters set up. From there, the expert advisor adjusts on its own based on entry and exit signals it picks up to discover a single lucrative trade option for you and earn you more money.
Included Features
Many like how the platform supports a multi-currency strategy, including currency pairs like AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY. Plus, the Forex Gump EA program runs on the news filter, and trendy a candle, among other trading signals. So, it’s highly responsive to the markets, which you can see from the live trading results.
Overall
Forex Gump EA is a quality program to consider if you want to trade in the forex markets, though don’t have a ton of time to devote to monitoring trading signals, entering trades for yourself, and assessing the current situation in the markets. You can see verified results based on the live results from trades using their program. So, if you want to utilize a trading robot, this forex expert advisor is one to consider.
2 Top Forex Gump Alternatives
| Forex Fury | Coinrule | Forex Gump EA | |
| Price | $199 | $0 | $229.99 |
| Rating | 4.8/5 | 4.7/5 | 4.6/5 |
| Detail | Read Review | Read Review | Read Review |
| Link |
Forex Fury
Forex Fury was created by Rypax Inc., who also developed Forex Stream. They have a great win rate and tons of features. Plus, many find that it’s a good match for traders at all levels, from beginners to experts.
Coinrule
Using Coinrule gives you an automated tool to execute your trading strategy and expertly monitor changing market conditions. Additionally, you can trade the crypto markets from Coinrule, which not all programs offer. With great tools, an easy-to-use program, and simple set up, Coinrule is a good match for many.
Conclusion
Forex markets are inherently volatile, and there is a slight learning curve to getting started in the industry. So, if you use a robot trading system like Forex Gump EA that can help you determine good opportunities and execute trades automatically on your behalf, you can save a lot of time and take advantage of many different strategies based on the parameters you’ve set for your account.
Frequently Asked Questions (FAQs)
Some of the currency pairs that you can find on this trading robot include EURCHF, EURGBP, EURJPY, EURUSD, USDCAD, USDCHF, and USDJPY
This is a trading tool created by John Bollinger to help you discover entry and exit points for trades. They are mostly used to discover underbought or undersold securities.
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ABOUT THE REVIEWER
+ 6 sources
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- Forex Gump EA | Expert Advisor | Best FX Robot. www.forexgump.eu. Accessed February 22, 2023. https://www.forexgump.eu/
- Foreign currency exchange (forex) | Investor.gov. www.investor.gov. Accessed February 22, 2023. https://www.investor.gov/introduction-investing/investing-basics/glossary/foreign-currency-exchange-forex
- International Trade Administration. Foreign Exchange Risk | International Trade Administration. www.trade.gov. Accessed February 22, 2023. https://www.trade.gov/foreign-exchange-risk
- Foreign Currency Transactions. www.sec.gov. Accessed February 22, 2023. https://www.sec.gov/answers/forcurr.htm
- Coinrule. Coinrule: Trade While You Sleep. Coinrule. Accessed February 22, 2023. https://coinrule.com/
- Forex Fury» #1 Verified Forex EA 2023. Forex Fury. Accessed February 22, 2023. https://www.forexfury.com/