Steven Brooks GPS Trader Review

Steven Brooks GPS Trader review

The Steven Brooks GPS Trader is a proprietary scanner, indicator and alert extension program for ThinkorSwim. It is easy to integrate and a great way to turn yourself into a trading robot without emotions! Very stress free.

How to win on up to 82% of your trades using a GPS? What the heck is a trading GPS!?

Check out his great webinar where Steven reveals his secrets to making millions of dollars trading!

You can also just go to the GPS Trader sales page here and buy it.

Disclosure: There are some affiliate links below, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used. I may get paid a commission if you buy anything through these links, at no extra cost to you.

About Steven Brooks

Steven has been trading for over 13 years and has made over $1MM trading.

Steven Brooks GPS Trader Strategy

16 months of analyzing data, looking at 10,000 stocks and analyzing over 25 million trades…

Proprietary GPS Trader indicator and scanner. All I can figure out is that he uses a combination of dynamic market data. He doesn’t use lagging indicators like a lot of traders try.

For example many traders use simple things like MACD crossings as signals to buy or sell a stock. For example, below we can see a MACD sell and buy signal depending on the red crossing above the green or vice versa.

The problem is that MACD cross is too lagging….

Steven back tested this simple MACD crossing approach. He took the 100 most popular traded stocks, went back to 2005 and ‘bought’ when MACD gave a buy signal and exited when the MACD gave sell signal.

The results showed that following MACD crossovers just didn’t work! See his results below.

Who wants a 34% win rate with the average trade returning NEGATIVE 2.21% !

Get is here >> GPS Trader sales page here and buy it.

Steven Brooks GPS Analogy

I always wondered why the service was called ‘Steven Brooks GPS Trader’.

In his awesome webinar he explains why!

Steven discusses a comparison of navigating with a map back in the day to navigating now with a GPS.

A map only gives STATIC info.

A GPS gives DYNAMIC info (e.g. traffic, lane closures etc.).

GPS makes us more efficient with DYNAMIC info compared to maps. In a similar way, just using MACD gives us STATIC info not DYNAMIC.

Consequently, if we trade using simple crossovers (like the MACD), we are just using static indicators to trade a dynamic market….

Examples of dynamic indicators include things like volume, momentum, news etc.

Steven started to only look at previous dynamic indicator data – why would we use static data to build a strategy that trades dynamic market?

When he did this, he found that the dynamic back testing results were MUCH better than the static. See the table below.

So, his data over millions of back-tested trades using his GPS strategy showed a profitable strategy while the static back testing did not.

He implements this strategy by focusing on building a watch list of stocks that history has PROVEN have a very high probability of working with his dynamic strategy.

This helps to cut out all the market noise.

You can learn more about Stevens strategy and story in his FREE WEBINAR.

GPS Trader Alerts

GPS alerts come out via email and SMS. The thing that I do like is that Steven gives commentary on how reliable his GPS strategy has been on previous trades with the particular ticker he is alerting.

This helps to add conviction to a trade idea.

He adds a price target and a brief explanation about the idea. I will document some of my trades in the next section and show the exact emails that are sent to subscribers.

You are mainly suppose to use the GPS system independently of Steve.

My Trades with Steven Brooks GPS Trader

Here is the alert email that came in before market open on my first day in the GPS Trader service.

This was the email that was sent out to subscribers on 10/22/21.

I took an option trade on $NVAX. It isn’t immediately clear how to play the alerts with this service – although there is an extensive FAQ document.

I figured that I’d just play them my own way but use the buy/sell signals as guidelines.

Trade 1: I bought $NVAX 17 Dec $95 Puts @$3.33 on 10/22/21

The other trade (buy $RUN if the price breaks above $53.51) did not trigger. Therefore I did not buy……as I write this it is currently on watch for that price break.

Here is what I am seeing on the chart – I never trust someone else 100% or blindly follow.

So, my own experience confirms that the weakness this chart is showing (today) could lead to a massive breakdown in price. My own price target level is $115 based on the 30 min chart – if we break the current support.

This seems like it will be a swing trade to me.

I will keep this log updated as this trade progresses and try to include more trade examples as time goes on.

Sold $NVAX (10/25/21) for a +15% profit. Time to move on as it was pushing back up in price, and hit my trailing stop.

Trades 2&3: $RUN and $DDS on 10/25/21

Here was today’s email ideas….

I bought $RUN @$52.3 and $DDS @228.7 as both went above the algo’s alert to buy. I didn’t buy $CNK as it never triggered above the key level.

I sold $RUN the next day for a quick 5% profit. I think these trades are suppose to be longer swings…..but I didn’t like the weakness and took my profits and…well…..ran….lol.

Using the GPS Trader Strategy on ThinkorSwim

When I took the trades above I was relying solely on the email scans that Steven sends out at 9am every morning. I was completely missing the point!

The whole point in the GPS Trader strategy is to make you a robotic trader. GPS Trader is a scanner and indicator that is added into ThinkorSwim and appears superimposed on top of your charts.

You buy when it says to buy and you sell when it tells you to sell. Here is a video where I discuss some of the basics of the tool.

The GPS system also works really well for trading Futures. Here is a quick video showing how well it can be used for trading oil for example.