Forexgump.eu Review Is Forex Gump EA A Scam

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Trading strategy for ForexGump Professional

Trading strategy for ForexGump Professional:

1. We wait for the indicator signal in the form of an arrow.

2. When the arrow appears on the chart, open the order. If the arrow is blue, open a buy order, if the arrow is red, open a sell order.

3. Now we wait for the indicator to draw a yellow flag on the chart. This will be a signal to close the order.

4. If, after the signal for opening in the form of a sling, the indicator did not draw yellow flags on the chart. In this case, we close the order on the reverse signal. But this situation happens in 18% of the signals, which is not often.

This is the ForexGump Professional trading strategy. This strategy, depending on the indicator settings, can work absolutely on all currency pairs and almost all timeframes. But we do not recommend trading on the M1 timeframe.

Forex Gump

Articles by Forex Gump

The Week Ahead in FX (Apr. 6 – 10)

about 6 hours ago by Forex Gump

Start your trading prep with a quick review of the latest price action and an overview of catalysts lined up next.

4 Factors to Consider When Trading March’s NFP Report

The start of another trading month means we get to see Uncle Sam’s labor market numbers! Here are factors to consider if you’re trading the event.

The Week Ahead in FX (Mar. 30 – Apr. 3)

Start your trading prep with a quick review of the latest price action and an overview of catalysts lined up next. I’ve got charts to watch this week, too!

Coronavirus Crash vs. The 2008 Financial Crisis: A Look At The Charts

With the coronavirus pandemic expected to trigger another global recession, let’s compare how the charts looked back then and how things are going now.

The Week Ahead in FX (Mar. 23 – 27)

Start your trading prep with a quick review of the latest price action and an overview of catalysts lined up next. I’ve got charts to watch this week, too!

Cheat Sheet: Who Has Done What for Their Economies Since the Coronavirus Pandemic Hit?

Can’t keep track of all the monetary and fiscal stimulus packages that major economies have launched? Here’s a list of what the major policymakers have been up to.

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How the Fed’s Emergency Rate Cut Affects Your Credit Card Bill, Car Loan, Student Loan, and Mortgage

Not just important for forex traders, learn how the Fed’s emergency rate cut affects interest rates for U.S. consumers with credit card debt, car loans, student loans and mortgages.

The Week Ahead in FX (Mar. 16 – 20)

Start your trading prep with a quick review of the latest price action and an overview of catalysts lined up next. I’ve got charts to watch this week, too!

What to Expect from the March ECB Statement

If you’re hoping to grab some pips off the ECB monetary policy announcement this week, here’s what you should know about the top-tier event.

The Week Ahead in FX (Mar. 9 – 13)

Start your trading prep with a quick review of the latest price action and an overview of catalysts lined up next. I’ve got charts to watch this week, too!

Opportunity is missed by most people because it is dressed in overalls and looks like work. Thomas Edison

BabyPips.com helps individual traders learn how to trade the forex market.

We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We’re also a community of traders that support each other on our daily trading journey.

Forex Gump – indicator as ready-made forex trading system

Forex Gump operates in semi-automatic mode, showing the trader on the chart of the opening and closing of orders. Forex Gump is a completely ready trading system for trading in the forex market. During its operation, the indicator counts and displays on the schedule information on the number of profitable and unprofitable signals, as well as the level of total profit and loss in pips . The indicator is not repainted and with properly configured parameters, the signals show almost no lag.

Characteristics of Forex Gump Indicator
  • Platform: Metatrader4
  • Currency pairs: Any
  • Trading Time: Around the clock
  • Timeframe: Any
  • Recommended broker: Alpari, Forex4you
Rules of trade by the Forex Gump

Trading on the Forex Gump signals is very simple:

BUY – when the blue arrow is pointing upwards

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SELL – when the red arrow is pointing down

Forex Gump EA Review

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.

Forex Gump EA

Profit

Frequency

Safety

Consistency

Features

  • MetaTrader 4
  • Multiple Currency Pairs
  • Multiple Timeframes
  • Any Leverage
  • Detailed Instructions
  • Free Updates
  • Full Support
  • Fully Automated
  • Money Back Guarantee

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All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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