Forexgump.eu Review Is Forex Gump EA A Scam

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Forex Gump EA is a very profitable Forex Expert Advisor with trendy a candle and News Filter. Forex Trading Robot trades every day. Takeprofit of each order is always unique, the Expert Advisor adjusts it to the current situation in the FX Market.

In offer are 3 different settings: High, Middle and Low setting. This technology protect you to lose more money than you have specified in the settings of the EA, even if the system crashes.

Support unique multi currency strategy 9 currency pairs (AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY) on M1 Timeframe.

Using this Forex Trading System isn’t affected by emotions, negative circumstances, or even the need to meet daily physical demands. It just keeps working, programmed with 100% market evaluation and implementation. Stays operational 24/5 searching for profitable trading opportunities. So unless you turn it off, you won’t miss a single lucrative trade option.

You can trade with as $4000 account, or a minimum of $40 on a micro(cent) account. Recommended leverage is 1:100 and higher.

Note: We do not sell our EA on the MQL5 Market. Unique sale is only on this website or through our affiliate partners.

Price

IMPORTANT! If you have any problems during the payment process, please contact us!

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Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Forexgump.eu Review: Is Forex Gump EA A Scam?

Forex Gump EA Review: this is the name of a Forex Expert Advisor that does not provide many corporate information. Is forexgump.eu legit or a scam?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

Forex Gump EA claims to be a Forex Expert Advisor, “a very profitable” EA according to the website. The forex robot does not mention a parent company nor does it give an address to which it can be traced. This is not a comfortable way to sell a product unless it is shady.

The disclaimer at the bottom of the page mentions the “U.S. Government”. This piece of information may be intentional into leading traders to believe that it is located in the United States. We found that it was created in 2020 and is powered by Webnode.

Webnode is an online website builder system, showing that Forex Gump EA is either run by a single person or on little money. Traders are to beware of this kind of vendors. They can disappear at any time because they invest very little in the business, lacking needed depth.

How Forex Gump EA Works

It is claimed that the EA uses “trendy a candle and News Filter”. Forex Gump EA is able to adjust to situation changes in the Forex market. There are 3 different settings: high, middle, and low. The vendor claims that this is to protect clients’ money even if the system crashes.

Up to 9 currency pairs are supported on M1 Timeframe. It works for a 24/5 period “programmed with 100% market evaluation and implementation. Without turning the system off, the robot will keep coming up with profitable trading opportunities. The recommended leverage is 1:100 and higher.

Price Structure

The €199 plan gives 1 live account and demo account while the €399 gives 3 live accounts and unlimited demo accounts. There is a 30-day money back guarantee for each plan.

Clients Feedback on Forex Gump EA

There are no reviews from clients on websites like TrustPilot and FPA. We however found some disturbing negative reviews about Forex Gump EA being a scam. The vendor does not have a verified account on MyFXbook where results can be fund as well.

Support

To contact the customer care agent of this vendor, an online request form is to be filled on the page.

Conclusion

We do not find encouraging things about Forex Gump EA. Instead, the scanty information it provides is a red flag as well as the negative review and lack of results. The vendor will do well to come out more clearly before traders will be willing to pay such amounts of money for the robot.

Forex Gump EA Review

Forex Gump EA is an automated trading indicator software for Forex markets that comes with a choice of two license packages, trades on all timeframe and the HFT scalper trading strategy.

Forex Gump EA was first published on August 3rd, 2020 and is still running version 1.0. Owned and operated by Andrey Kozak, located in the Ukraine, this developer is behind 44 published products on the MQL5 marketplace.

Considering this large array of different products, it’s really no surprise that the development team hasn’t found the time to update the trading software that we are reviewing today. Read the whole review to find out the benefits and disadvantages in dealing with the expert advisor!

Forex Gump EA Review

Forex Gump EA is among the vendors of Forex robot that try so hard to convince traders but fails to provide enough evidence on how their software works.

Andrey promises the community that when traders sign up with any of his Forex Gump product line, that they get access to a “ready-made trading system.” This means that traders don’t have to modify the settings, or do different tests in order to find profitable settings.

The general strategy isn’t elaborated on, instead the creators of the software want to attract the average client so they make it seem very simple. They tell the community that traders have to simply follow along with the entry and exit signals displayed on the screen, or install the expert advisor that comes with the indicator system to automate the process completely.

Software Features

During our review of Forex Gump EA, there are some features in which we came across. Andrey tells us that the software doesn’t repaint, that there are no delays, and that the system works on all currency pairs and time frames.

As for the parameters, there are only 4. Information which displace the extra info, as well as the logo. Shortwave which adjusts the trend wave amplitude, as well as a couple filters that adjusts the indicator period and the filter period. I’m unsure how these parameters relates to the strategy, as this information is not provided by the vendor.

Breakdown

Type: Forex Robot / Indicator

  • Price: $47
  • Strategy: HFT Scalper
  • Timeframe: All Timeframes
  • Pairs: All Pairs
  • Minimum Deposit: Undisclosed
  • There are two packages of Forex Gump EA to select. One costs $199 and the other $399. The only notable difference is on the number of live accounts. The $199 package comes with only one live account and one demo accoubt. The $399 package allows upto 3 live accounts and unlimited demo. All the accounts come with free update and support.

    It’s also worth noting in the breakdown that while the developers claim to provide a ready made trading system, the fact that the software is compatible with all time frames and all pairs means that the trader will have to do some work figuring out which of these are the most profitable.

    Online Reviews

    there are currently 2 reviews that came near the end of 2020, one is a 5 star review and the other is a 1 star review. Instead of breaking them down for you, I will just provide you with a screenshot that shows you both of the reviews so that you can peruse them on your own.

    Software Result

    At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.

    While the team provides an FX Blue account exclusively, we did find a Myfxbook account that’s been running for the past 4 months.

    During this time, the software has gained 140% with a 67% drawdown. In one occasion, the account was up 50% but had so many losing trades open that the equity was at -45%. On another occasion, the account growth was 135% with an open equity of 7.61%. So, while the software is actively growing, it is taking immense risk to do so. Even right now the account has over -5700 pips open, waiting for the trades to turn positive to close.

    With a strategy like this one, any major market spike could blow the account. We definitely recommend a lower risk approach if the vendor provides it. As, the account we are looking at is extremely risky, and not an approach we would use on our live accounts.

    Bottom Line

    while the price is right, and it’s unique to have both the indicator and expert advisor versions of the Forex Gump software that such a low cost, I don’t see myself signing up with this product today. Without verified trading results I really don’t know what I would be getting myself into, and in this day and age, I always want to have a clear picture of a trading product before I purchase it. Stick to these highly recommended trading products.

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