Forex Gump EA Review
Today on our forex blog, we will be doing a Forex Gump EA Review for the MetaTrader 4 trading platform. We will discuss the key features, the working behind this EA, and client feedback. So you can decide either Forex Gump is a suitable trading software for you or not. Can we add the Forex Gump EA to our Best EA page?
What is Forex Gump EA?
Forex Gump EA is a highly profitable Expert Advisor, a Forex robot that will automatically manage trades for you. You just put it up and check back to see how it has performed, thus making it appropriate for beginner and advanced traders.
The developers created this EA in 2017. During this period, the robot with automatic execution of transactions has been published, and almost all are positive. This trading system is paid for at a very low price. For a long time, the developer has been offering two versions, for 199 or 399 Euros.
It supports nine different currency pairs: AUDUSD, USDCAD, USDCHF, and USDJPY, all of this is in just a 1-minute timeframe. As a result, this is a classic scalping. We see that the graph does not use technical indicators and any other technical analysis tool during installation.
Forex Gump EA Features
In this part of the Forex Gump EA Review, we will discuss some key features of this EA.
- It is compatible with MetaTrader 4.
- This EA, the list of currency pairs for trading, consists of 9 units.
- It has a News Filter, so all your transactions and strategies will remain safe at the end of the day.
- The advisor works in one-minute time frames.
- It provides detailed instructions on installation and trading.
- This robot provides free updates over a while.
- It has a money-back guarantee.
Who is behind Forex Gump EA?
Forex Gump EA software is owned, developed, and operated by Andrey Kozak. This developer has over 44 published products under the ¨Gump¨ name on the MQL5 marketplace. He has many other variants of his first successful product: Forex Gump. These are:
- Forex Gump Ultra
- Forex Gump Professional
- And Forex Gump XL.
Considering the number of large products he and his company make so frequently might be the reason for one of the biggest downsides of Forex Gump. The developers haven’t updated the software since the launch.
We can tell the owner is not planning on doing so anytime soon; he is now just selling new and better versions of the first one. It’s much more profitable to make new updated versions of the software instead of providing free updates and features to the original one. We didn’t find any of this information on the original Forex Gump EA website, though.
Forex Gump EA Trading Strategy
For this Forex Gump EA review, we took our time and analyzed the robot’s whole performance according to the results shown on the official website. This robot has a particularity; it makes very different and unique profits on each trade.
The Forex Gump EA trading software comes with three default settings you can choose from: high, middle, and low. It operates with quite an innovative technology. It protects and ensures you won’t lose more money than you specified in the robot and strategy settings. Some off the best metatrader indicators are being used in this strategy.
Forex Gump EA will work out even if the system crashes, and everything goes to waste, meaning your money and profits will be safe. As mentioned before, in this Forex Gump EA Review, it operates with a multi-currency incredible strategy. This strategy allows the software to use with nine different currency pairs simultaneously on the M1 timeframe. Do not forget that most Forex robots are working very close together with Top MT4 indicators.
To get started with your Forex Gump EA account, you must deposit USD 4000 or a minimum of USD .40 on a micro cent account. The developers recommend leverage of 1:1000 and higher for better performance.
Forex Steam EA Packages/Prices
In the official Forex Gump EA website, you will find two different offers to buy the product:
- PRICE: 199 EUR.
- Includes one live account,
- One demo account,
- Free 24/7 support,
- Free updates,
- 30-day money-back guarantee.
- PRICE: 399 EUR.
- Includes three live accounts,
- Unlimited demo accounts,
- Free 24/7 support,
- Free updates,
- A 30-day money-back guarantee.
You can easily purchase any of the packages mentioned above on the Forex Gump official website if you want. They do not sell any of their EAs on the MQL5 market, be aware of that.
The unique sales link is on their website, or you can buy any of their products through some affiliate partners, but be careful, you never know who is behind the monitor selling you stuff online. We recommend buying it directly from their page.
In most customers’ reviews, the people are pleased with the final product to be so efficient, accurate, user-friendly, and affordable. Another good thing is if you are starting now and don’t have a lot of capital to trade at the moment, you can put a little amount of money to start selling. There’s no need for huge deposits with this software. Don’t forget, and you also operate with your preferred risk level.
Pros and Cons: Forex Gump EA Review
- This Forex Software is 100% automated that will work nonstop 24 hours a day for five days a week.
- You will only apply the adequate settings for your goals and monitor from time to time to see its overall performance.
- This software is capable of increasing profits and returns of over 1000% yearly.
- A huge benefit is you can take the time and relax; you can use it even if you know nothing about online trading.
- They guarantee you will start making profits as soon as you purchase the product. Even an expert can get good use out of it.
- A downside for some users might be this robot works only on MT4 trading accounts. You can use it with multiple live trading accounts too.
- Apart from that little inconvenience, it works just as good as any other type of Forex EA.
- Forex Gump EA hasn’t been updated since launch.
Forex Gump EA Review Conclusion
After all this discussion for our Forex Gump EA Review, we feel the much better quality and updated Forex robots out there. If you are looking for a simple automated robot to speed up your profits while trading on Forex, this one is worth trying.
Overall, it is easy to use for both beginners and experts. It has a convenient design making it simple and effortless to operate with and get everything ready to start working on it as soon as you have purchased it.