08.27.10 Simply amazing, 2 weeks, 2 trades -23% account loss and no activity after that... the test is stopped.
Forex Magic Bulet trading system is based on the combination of Bollinger Bands and RSI indicator, but you need to buy the Expert Advisor to learn that. The sales page copy and the video is going to feed you with the words like "Cutting Edge", "Ground Breaking" going on and on and still providing zero information of what you are going to buy... Guys, there is nothing to be embarrassed of, Bollinger Bands have been known for decades and this is a great tool successfully used by many traders :-)
Gotta also mention the most annoying upsell system, if there was a competition Magic Bullet would be a strong winning candidate for the prize. Well, the test is going to show what Magic Bullet is really capable of, but in my eyes all the BS you have to go through to get the robot really dilutes its value straight from the start.
From EA manual: The Magic Bullet EA is designed for long term trading. The EA is very profitable. But it’s not the holy grail. You may end a month with negative results. That doesn’t mean in any way that the EA is not working the way it should. Forex trading is a risky business and the market – especially these days – is not at its best.
03.30.10 Forex Magic Bullet installed on EURUSD M30 chart with default settings except Money Management=true