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.

It also works on TradingView.

GPS Trader back tests all the stocks and gives you buy/sell signals on them based on real data and a dynamic strategy.

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!

Don’t want to watch the webinar? 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.

Here is a recent trade I took based on the GPS Trader.

The red line is where to sell short (or in my case I bought Puts).

The coolest thing about the program is that you can tailor it for your own needs and check the performance on that time frame BEFORE you take a trade.

It works well as a daily chart swing trading tool or intra-day on the 10-minute time frame. It works well for futures as well! It helps you enter a trade based on data, manage the trade and sell it for a profit.

Long. Short. Both are alerted and the back tested results on all the tickers are easily checked.

GPS Trader is my favorite trading strategy and tool and I’ve a playlist dedicated to my trades using it here.

The Complete Guide to Day Trading FREE EBOOK!

For a limited time, Markus Heitkoetter is giving away the electronic version of his bestselling book “The Complete Guide To Day Trading”

It’s 296 pages and full of tips, tricks and practical information that you can use right away in your trading.

Click here to download the eBook now.

Looking for real subscribers discussing how they have done with the GPS trader? Come and join our Facebook group of real members! The proof that GPS works can be found by just talking to real members!

MASSIVE GPS TRADER WINS!

Here is a video about how I recently added 15% to my trading account in a single day just taking two trades from the GPS EVEN THOUGH I played them terribly.

Many people in my Facebook Group are having great success with the GPS Trader! Here are a few recent posts regarding it.

My friend Michelle is KILLING it with the GPS Trader! See the video below!

FB Group and Free eBooks

Check out my Facebook Group for a community of traders that are interested in stock alerts services.

If you are interested in learning an options trading strategy with a 95% win rate……check out my store of free eBooks!

Why I Think GPS Trader is VERY Valuable

A quick summary of why I think GPS Trader is one of the best programs out there!

1) 7-figure trader’s strategy in a box!

2) It does all the work for us.

3) Defines risk and reward precisely

4) Trains your brain to be a better trader

5) Choose your hours

6) Add to existing strategy and it actually works.

It’s a proven strategy that works. Small consistent gains.

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 just use lagging indicators like a lot of traders try to use and end up losing money.

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

Or…

Signup for Stevens webinar discussing the system here.

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 events include things like volume change, 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.

However, the system is designed to find trades independently and I rarely use any of the ideas Steven sends in his morning emails.

Check out my email with Steven Brooks below.

My Trades with Steven Brooks GPS Trader

Here is an example short trade indicator on the SPY. It saved me from the account killing fall this afternoon. The red dotted solid line is where the tool indicated to short the SPY. The little red lines are the trailing stop losses. This is a ten-minute chart.

Here is an example of a trade I took recently for a quick day trade using the 1-minute time frame.

The Complete Guide to Day Trading FREE EBOOK!

For a limited time, Markus Heitkoetter is giving away the electronic version of his bestselling book “The Complete Guide To Day Trading”

It’s 296 pages and full of tips, tricks and practical information that you can use right away in your trading.

Click here to download the eBook now.

Using the GPS Trader Strategy on ThinkorSwim

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.

My personal preference is to day trade $SPY and a handful of other tickers ($AMD, $GME and $PYPL) on the GPS Trader using the 1 minute and 10-minute time frames. Another guy I know uses it for /CL primarily.

Here is an example of how you would trade the 1 minute $SPY. I love how this program helps me hold my winners longer and sell my losing trades faster.

I mainly day trade using the GPS Trader but it does work well for swing trading and other time frames like 2hr and daily charts.

The GPS Trader also works VERY well for Futures trading.

GPS Trader Swing Trading

I mainly day trade using the GPS. However, back testing reveals that there are huge gains to be made swing trading using the strategy. Here is a video review of the swing trading aspects of the system.

GPS Trader Review: Futures

The strategy works really well on some Futures. Here is a video with more details!

GPS Trader Testimonials

Here are a few testimonials from real subscribers that emailed Steven B when he asked for some.

Here is what one of my friends recently wrote in our Facebook group….

Here is a screenshot from a guy that made the cost for the year back in 2 days using the GPS! That’s 14 winning trades in a row…..obviously there will be some losing trades soon though!

I asked Alex, an expert in trading and trading indicators to do a deep dive on the GPS. Overall, he figured out that it has an excellent risk management strategy.

He is not a guy that is easily impressed 🙂 so it was nice to see him consider the system a good buy. Here is a brief summary of his grades and thoughts.