GPS Forex Robot 3 Review 2024: Features & Alternatives

The GPS Forex Robot acts as an expert advisor on your behalf, which is often abbreviated to EA. They provide guidance based on their market analysis and when you should enter trades, in addition to the ability to make automated trades when you set up certain rules in your trading account and authorize it to do so. 

GPS Forex Robot was created by Mark Larsen, an established developer who is respected in the forex market. It forecasts short-term movements in the forex market, with a reported 98% accuracy. GPS Forex Robot 3 is the most recent version of this trading platform.

In the other 2% that the trading robot does not accurately predict, it will enter a reverse trade strategy in the opposite direction, covering the losing trades. 

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GPS Forex Robot 3 Advantages

Let’s begin with a brief overview of the top advantages of how the GPS Forex Robot works. 

Developed By Industry Professional

Many users of the GPS robot like that it was developed by a seasoned professional. Many forex robots are not transparent about who they were created by, though Mark Larsen is clearly touted as the creator of GPS Forex Robot, which has been around for over a decade now. 

Compatible With MT4

MT4 is an electronic trading software that is very popular among those who trade forex. Thus, the fact that GPS Forex Robot is compatible with MT4 is a very good perk for active traders. 

60 Days Money-back Guarantee 

Another great benefit of this forex robot is that they offer a 60-day money-back guarantee if you are not satisfied with the forex trading robot after using it for 60 days. 

Onetime Fee of $149

Lastly, the one-time fee of $149 means that this is one of the most affordable forex robots on the market, and doesn’t require any ongoing fee in order to continue using the GPS bot. 

GPS Forex Robot 3 Features

Let’s continue our Forex Robot 3 review by covering the main features of GPS Forex Robot 3 so you can determine if it’s a good fit for your needs. 

GPS Robot Trade with a High Probability of Success

One of the key features of this program is that it has a trading history with great success. They predict future movements in the market using various forex indicators and other tools, which they predict with 98% accuracy. A reverse trade is entered for one losing trade that occurs in the other 2% of the time based on a particular market condition, helping to preserve your profits. 

New GPS Forex Robot: 4 Times Faster

Another thing to point out is that the latest version of the bot is four times faster than previous versions, making trades much more accurate and precise. 

Practice with Demo Trading Account

The demo account feature of this robot is also another helpful feature for most traders. This means that investors can face less of a high risk when trying out new strategies, and can test them out with virtual money first, instead of their actual funds to see what the trading results would be. Thus, on a losing trade in your demo account, you wouldn’t actually lose any money. 

GPS Forex Robot 3 Quick Overview

4.6 stars

Best Overall Value

• Compatible with most brokers and various devices, like Mac OS
• Outstanding and stable profits with excellent prediction accuracy 
• Backed by a well-known developer

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GPS Forex EA Customer Reviews

The reviews for GPS Forex Robot on Trust Pilot are fairly mixed, though we will highlight some of them here as a reference for you.

I’ve had this Robot running 2 full days now and not a single trade. Pretty easy not to blow accounts when it doesn’t trade.

Krispin

Good robot, makes me profits everyday

Adam

Gpsforex3 robot. Yes today lost $15000.00 margin call. Reversal trade did not work was on eurusd from buy position to sell position for weeks lot size 8.0 lost everything. Support services very slow not to my expectation. Settings of the gps standard. I advise do not touch this ea it never worked properly. Ea needs rehacking.

Alwin

Profitable robot, but with awfull DD…

Jaroslav

GPS Forex Robot Review

We can now do a final look at whether or not you should use GPS Forex Robot 3. 

Is GPS Forex Robot 3 Right For You?

GPS Forex Robot 3 might be a good match for you if you’re looking for automated software that will replace manual trading efforts you would have to execute yourself. There isn’t a high frequency of the trades, though they are quite accurate with their predictions. So, if you want to start trading behind the scenes that is backed by experts, this is one of the operating systems you should consider. 

Cost Value 

Users appreciate the affordability of GPS Forex Robot, only requiring a one-time fee to access the program, then no ongoing fees after that. 

Customer Service

Many have pointed out that the customer service response times are quite slow, like a few days, which may be a point of consideration if you’re looking to open up a large account with them. Many expect quicker responses from having an account with expert advisors.  

Ease of Use

Since this is an automated system, it is pretty easy to use and doesn’t require a ton of background knowledge in order to get started. After making the minimum deposit to open an account, it’s pretty easy to see the GPS work and start executing trades on your behalf based on the rules you’ve set up and the installation instructions provided. 

Included Features

This program isn’t packed with tons of features, though it does a great job of what it’s meant to do. There is a private group where users can ask questions and are part of the official forum, change the best settings like time frames so their account meets their needs, plus it’s compatible with MT4 and many brokers, and supports much leverage. 

Overall

Users like that this system was created by experts, and has a high degree of accuracy with their future predictions on price movements in the markets based on market analysis and the current worldwide economic situation. 

If you’re looking for a high-frequency trader and an account with better customer service, you may want to look elsewhere. However, GPS Forex Robot has been around for over a decade, so loyal users appreciate what it was built for. 

2 Top GPS Forex Robot 3 Alternatives

Forex Fury

Forex Fury is an automated system for trading in the Forex markets, created by Rypax Inc. The company also developed Forex Stream. Forex Fury is preferred by users at all levels, with great features for active investors and newcomers. They also have a good win rate, which users like. 

Coinrule

Coinrule is an automated tool for trading forex that is very feature-rich. From the program, you can avoid making manual trades by allowing the software to trade on your behalf. Overall, Coinrule is easy to use and doesn’t require any coding or super technical knowledge to get started. 

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Conclusion

GPS Forex Robot does a good job of predicting future movements in the markets with accuracy, and can even make automated trades on your behalf when authorized. Some users wish trades were made more frequently, though this is against the inherent nature of the platform.

Frequently Asked Questions (FAQs)