Forex Gump Review: Scam EA and Forex Indicator or Real Deal?

Forex Gump Review: Scam EA and Forex Indicator or Real Deal?

Forex Gump is a semi-automated trading system and an expert advisor as well. The developer tells us that if we purchase the indicator, we will automatically qualify to get the EA for free. In other words, the developer is selling both trading system for one price. From the MQL5 profile of this developer, we see that the system was first published in August 3rd, 2017 and has never been updated up to now. It is still on version 1.0.

This is absurd considering that good developers selling in the MQL5 market place and also independently on their sites usually update frequently. Generally, we do prefer trading software that are updated quite frequently as opposed to those that are updated after a while. If the developer updates quite frequently, it means they are quite engaged with the product and are looking to make it a better tool for trading.

The Forex Gump Forex indicator and EA is owned by a developer known as Andrey Kozak. They are located in Ukraine. When we investigate their background and selling record, we find that this developer is also responsible for publishing some 44 trading systems on the MQL5 market place. Therefore, the Forex Gump trading system is not the newest that they have introduced to traders who frequently visit the MQL5 market place while hunting for good trading EAs and indicators.

Considering the large number of products that this developer has channeled into the market place so far, it’s no surprise that they hardly find time to update some or all of their products. In their line of products, we find the word ”Gump” used in many of these products. These include products like ForexGump Professional, ForexGumpUltra and ForexGumpXL. When you look at the iterations of the Forex Gump, you will understand that the developer is just selling new versions of the same product instead of updating and providing the software for free.

The original Forex Gump seems to be the most commented of all. That’s why we want to review and see whether it’s a viable product to trade with.

Forex Gump Review

The developer tells his customers that when they purchase any of his Gump product lines, they will gain access to a ”ready made trading system”. What this essentially means is that when traders purchase his products, they do not have to tamper with any settings in order to find the most profitable settings. The trading strategy for this product has not been elaborated, and that means the developer is only focusing on the less technical client who will go ahead and make a purchase without asking many questions.

forex gump

👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it.  What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.

Click Here To Buy Now

Instead of elaborating on the trading methodology used by the Gump line of products, the developer just tells us that we should follow along with the buy or sell signals that will be painted on the chart by the indicator. However, if this is a tedious thing to do, we should just install the indicator that comes with this product to automated the entire process. This will make trading 100% automated.

The developer also reassures us that the Forex Gump is an indicator that won’t repaint or lag behind. It works with all currency pairs and in all time frames. The software is also equipped with filters to adjust period of the indicator and that of the filter. We are not sure how this relates to the trading strategy being used by the Forex Gump product.

Whereas the developer first started out by developing a Forex indicator, things have since changed and now the product is being presented as the most highly rated expert advisor in this market place. Direct competitors of the Forex Gump include the Daily Waves which we have reviewed here and BSS Scalping EA. Both products can be found on the MQL5 market place.

Further breakdown of the features and pricing of the Forex Gump

We have already discussed the various aspects of this product. We realize that this product is a scalper as the developer says it uses HFT scalper. The Forex Gump is now selling for $47, and we think this is one of the cheapest trading systems we ever reviewed from the MQL5 market place.

Upon investigating the pricing model of this trading system, we realize that the reason as to why the developer has priced it so low is because each time they release a new update, they charge their clients another $47. It would be better if the developer charged $200 and above so that updates can be done for free thereafter.

While the developer tells us that this is a ready to use trading product, we doubt that statement because the product is meant to trade all time frames and all pairs. That means the trader will have to do some adjustments or at least figure out what will work best.

Where are the trading results?

There are no satisfactory trading results that the vendor is providing us with. They are only providing screenshots although these are not valid ways of proving that a system works. In this day and error, they need to use a statement sharing service like myfxbook or provide us with a redacted broker statement so we can know that indeed they are trading as opposed to just developing trading systems.

What we can recommend the developer to do is to work on providing results that can be verified. Without working on this aspect of the selling process, it wouldn’t be justifiable selling this product to customers at $47 and charging for every new update that comes forth.

Our best advice for you

The Forex Gump is just an indicator and an expert advisor. If you are a fun of indicators, our advice is that you should be careful about them because most of them simply lag behind and will repaint signals. This means that making money with most indicators that suffer this setback will be almost impossible. But still there is hope for someone like you who would like to use automated trading tools. Just click here.

One Reply to “Forex Gump Review: Scam EA and Forex Indicator or Real Deal?”

  1. Hola, la verdad he utilizado el Forex Gump y no repinta, quería saber si alguno de ustedes podría pasarme este buen indicador, de antemano muchas gracias.

Leave a Reply

Your email address will not be published. Required fields are marked *


Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.