Today we review Forex Gump EA. A live performance account on the site’s sales page shows a 2000% total return in two years, which seems like a great ROI. We will analyze the robot’s trading technique, stats, sales page, and user reaction to determine whether it’s legit or not.
What is Forex Gump EA?
Forex Gump is a fully automated robotic system with a dual functionality. You can use it as either an indicator or a forex robot. The EA was created by Andrey Kozak, a Ukrainian, first debuted in 2017. The creator is also responsible for 44 other robots that you can buy on the MQL5 marketplace.
There are two ways to pay for Forex Gump. The first way is to make a €199 payment which gives you access to the software, one live and one demo account, free updates, 24/7 support, and a 30-day money-back guarantee.
Secondly, you can make a €399 payment that will give you access to three live accounts, an unlimited supply of demo accounts, 24/7 support, free updates, and a 30-day money-back guarantee.
EA Review: Forex Gump
Forex Gump contains market trend indicators that work with news filters to ensure that the robot doesn’t enter trades when there are huge news events. The robot is a frequent trader that trades day and night to get you profit.
The robot also uses profit and stop-loss techniques and adjusts its trades depending on the market trends. You can use Forex Gump straight from the box, with no additional parameters needed. It supports multi-currency pairs such as AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY and works on the M1 timeframe. You can trade on all currency pairs consecutively. You can choose between large, middle and low lot sizes when you trade.
EA Review: Stats and user reactions
As usual, the first thing we analyze is the robot’s sales page. The site looks beautifully done, with a professional look to it. Even their strategy is explained clearly on the website. The only way to reach the EA’s customer support is by reaching out to them using a form on the website.
We couldn’t find any stats on the robot except for the FX Blue stats that Forex Gump presented. The account shows the percentage of currency pairs traded in 1016 days. There is a 74% trade win, with a profit factor of 1.98. The total return is +2640. Every week the account would gain 2.3%. These trades were made during a 4.4day trade average.
We could not find user reviews for this bot even though the robot came into the market in 2017.
Forex Gump EA has done everything right. We could understand the trading techniques and everything, but the lack of verifiable trading results could be the biggest thorn on their side. We can’t analyze any historical data on the site or even see stats that are well put together.
How could we recommend something we haven’t see work? Today, we recommend using more transparent bots as we await Forex Gump to provide us with real-life trading info.