I received an email the other day which was offering me the GPS currency trading robot so here is my review of this new automated software program which the person emailing says: “We didn’t think we’d see anything truly innovative in the Forex market until next year, but I guess these guys were saving the best for last!” is this robot a good one or is it one you should pass by let's take a look.

The GPS robot claims to combine the best in American and Russian robot expertise and the copy continues:

The Programmers

“Antony & Ronald, two young geniuses & MQ4 programmers from Russia, recently joined forces with Mark Larsen, a well-respected expert in the Forex industry, to create a new Forex trading system with unheard proof: over 1 year of live trading results- verified and authenticated by a broker!”

The software program itself is sold around the fact that it has a real performance of well over 300% gains with under 10% draw down which if it were true, would be a truly outstanding performance for any Forex trading system:

“unheard proof: over 1 year of live trading results- verified and authenticated by a broker!”

Performance and Verification

I was keen to see the brokers verification and in the sales copy we do get a letter from a broker in Panama and here is what they have to say in terms of the performance of the GPS robot:

This verification statement strictly serves the purpose of verifying the status of the above

mentioned lamFX trading accounts. This statement does not verify or validate the account

statements or any trading performance statements of these accounts.”

What on earth does the above mean?

It says it verifies the performance but doesn't actually state what that might be and the broker doesn't sign off the performance on headed note paper? The trading account statements are not presented, you just get a spreadsheet of trades and not broker statements on headed paper.

Real Statements with No Audit

We get lots of robots sent to us and a year or so ago, they mostly came with simulated track records, then we moved to live statements and now we move to what to me is a rather vague letter from a broker which doesn't seem to substantiate or confirm any performance.

The rest of the copy is a lot of testimonials from people which goes on for quite a long time and then finally, you get to order the GPS robot at a cost of just $149.00 which again seems very cheap if the performance claimed were actually true.

If the performance were true, like numerous other robots, the system would be worth millions or hundreds of millions to banks and brokers but I would be curious to know, if any of them use this Forex trading system. They could of course sack there dealing teams on multi million pound salaries and get a better performance with less draw down for a minor cost.

Final Words

My email promoting this currency trading robots concluded with the following statement

“Mark and guys are releasing only 723 copies and this is not a scarcity trick here, trust us. You can see live a counter on the page and it is going down pretty fast. Once it reaches zero the SOLD OUT sign will appear.”

The justification for this of course is:

“That's it. I am not going to sell it to the whole world and limit the effectiveness of the robot!”

The Forex market I think is a little larger than these guys maybe think call me cynical but I just think the limit offer is a sales call to action. Its funny that the email that promoted this system, has promoted numerous other ones which were the best with unheard of performance and now there is another one - the GPS Forex Robot.

As an experienced Forex trader, I a bemused that anyone buys this system and the many others that promise financial freedom with no effort and actually believes that systems can make better gains than the worlds top fund managers – financial freedom for $149.00 doesnt quite add up to me.