Forex Gump has a main page of the site without statements at all. So, we don’t know what the devs want to claim. The presentation doesn’t bring a clear vision of what we’re looking at.
The vendor has no transparency at all. The devs do their best not to reveal who they really are. It’s suspicious. If the system is that good, they can show their Facebook and MQL5 profiles.
How Forex Gump works
The presentation isn’t welcome and doesn’t include enough information.
- The system executes orders completely automatically for us.
- The robot opens orders frequently.
- The main strategy is based on a Grid strategy.
- All orders are covered by SL and TP levels.
- There are three levels of possible risks: High, Middle, and Low.
- The main time frame to work is M1.
- It works on the market 24/5.
- The deposit should start from $4000.
- The leverage is 1:100 or may be set higher.
- We can purchase the system only here.
- The advisor wasn’t published on MQL5.
- We can trade the following symbols GBP/USD, AUD/USD, EUR/JPY, EUR/USD, EUR/CHF, EUR/GBP, USD/CAD, USD/CHF, and USD/JPY.
- We can rely on welcome and knowledgeable support.
- The devs help us to be profitable.
Timeframe, currency pairs, deposit
- It works with nine cross pairs.
- The time frame is M1.
- We should have $4000 on the account.
The robot uses a risky strategy – a Grid of orders.
Pricing and refund
We have two packs. The one license pack costs 199 EUR. The three licenses pack costs 399 EUR. They include in common: unlimited number of demo accounts, 24/7 welcome support, free updates, and a 30-day money-back guarantee.
We have no backtest reports provided at all. It means we can’t compare past trading activities with the current trading results. We don’t know if the system belongs to the developer.
The robot runs a real USD account. It was created on September 15, 2020. Since then, the initial deposit of $50,000 has become $120,652 of the balance. The floating loss is -$39,085. The margin level is low – 1052%.
The Total Return is +141.30%. The average monthly gain is +11.7%. The trading accuracy is 87.8%. The profit factor is 2.10. An average trading frequency is 17.2 orders daily. The robot works for 324 days.
The ROI is 21.34. An average trade length is 45.4 hours. An average result is $12.71. An average win is $27.69 when an average loss is -$95.07.
The system doesn’t care which symbol to trade. The most-traded cross pair is GBPAUD, with 465 orders, and EURAUD, with 437 deals. GBPUSD is ahead of other symbols by profitability – $5,761.
The robot opens the same number of orders in both directions.
The advisor has much more magic numbers than the average system needs for trading. It can be a source of problems.
On Monday and Friday, the system closes fewer orders than on other days.
The robot traded like this several months ago.
After the data was moderated, it trades during proper hours.
The first three months of trading results were removed for no reason.
The advisor opens Grids of orders to make more profits from the market moves.
People say that Forex Gump is …
Good. Forex Gump created a page on Forex Peace Army. The last account connected has 34 instead of 156 weeks of trading activities.
The only comment could be written by a friend of the developers. We cannot trust it for sure.
|Real-account trading results||No team revealed|
|No risk advice provided|
|No backtest reports shared|
|Trading results were moderate|
|No people feedback provided|
|No refund policy supported|
Forex Gump Conclusion
Forex Gump is a system that uses a Grid of orders strategy to make profits on the real account. The data from it was manipulated by the developer. Moreover, the system is sold without a money-back guarantee. We don’t know how the robot works on people’s accounts because of the lack of testimonials.