In this post I will be reviewing the Forex Gump EA for the MetaTrader 4 trading platform which is free to download and the forex trading platform of choice for many forex traders and forex brokers worldwide. Forex Gump EA is an Expert Advisor which is basically a forex robot that will place and manage trades for you automatically provided you have it running on your demo or real mt4 trading account. You simply set it up and check back to see how it has performed, thus making it suitable for novice and advanced traders. At the time of me writing this Forex Gump EA review, it has been running on the FX Blue real live verified account for around 200 days with around 600% profit. I would recommend that you check the Forex Gump EA latest performance on my best forex robots page to see how it is performing these days and if it has kept up that performance.
Forex Gump EA Trading Strategy
The Forex Gump EA runs on 9 currency pairs (AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY) on the 1 minute Timeframe. You may choose to trade all or a select few of the currency pairs. I personally prefer to trade the major currency pairs as they have lower spreads and less slippage due to their high liquidity. As the Forex Gump EA trades on the 1 minute charts, you would ideally want to use a good ECN forex broker for the best possible trading conditions. The Forex Gump EA uses a combination of trend filters, price action and a news filter. It has a high, medium and low risk mode to suite whatever your trading preference is.
Forex Gump EA Back Testing
There are no back tests on the Forex Gump EA official website although we do have a real verified by FX Blue trading account to see how it is performing.
Forex Gump EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Gump EA Summary
Overall, Forex Gump EA has done well according to the developers account but for some reason the drawdown is visible and as it trades the 1 minute charts can be broker sensitive. I would proceed with caution if at all when considering the Forex Gump EA as your forex robot solution. Certainly, there are better forex robots out there that have been established for a longer period of time. Forex Gump EA does come with instructions, support and a money back guarantee.