ForexBulletProof.com

still waiting review

 

EA in real time

The site look promising but I like to see like few others their current EA report as of today to see really how the robot is doing? I love to see all the forex robots submitted here doing it, this way it would be much easier and less grief when you actually see it in real time. (updated every 15 minutes).

 

Forex bulletproof

I was very disappointed when I purchased the new “holy grail” Forex bulletproof . This is just an next scam. They claim it won’t cause the margin call but it very easily can because it use Martingel strategy and if the trade goes in wrong direction it increase lot size twice. And sooner or later it blows up the account. Very dangerous robot please be aware. I already asked for refund.

 

Is Forexbulletproof just another EA

I've just purchased Forexbulletproof.
Up to now I have purchased and tested about 150 Expert advisors, and out of those only 3 have been good so far.
At this moment I don't beleive whatever the advertisement says. If they offer money back guarantee, I consider it worth testing on a demo account.
Next in line is Forexbulletproof. I'll find out soon enough if this one is worth or not.
2010 Sep 2nd update: After 1 day of testing it has executed 1 trade that ended in profit. My first impression: TP was 7 pips whereas SL was 500 pips, which means that either the strategy is to send a big SL so price feed manipulation does no trigger it, or simply it is that big to increase the success rate. Now, increasing the success rate by putting a huge SL is quite dangerous because sooner or later the SL will be hit, and it will look extremely awful. Only time will tell.
2010 Sep 3rd update: 2 days and 3 trades. All profitable. Again 7 pips TP and 500 pips SL. If you do the math, there have to be 72 profitable trades for every loosing trade. This is almost 99% accuracy (actually 98.63), which I would consider hard to beleive from an EA unles there is a particular feature on the EA that will show up eventually.

 

I got a slew of their emails, so I took a look.

One of the first things I noticed was that there were *NO* short trades. They got the results they did running longs on the eur run up.

-5of7 of the CollectiveFX-

 

So Jaime,

In your opinion, which 3 EA's you tested are good? ^^

 

Seems to require a large account to make trades

I noticed on a 100,000 USD demo account it seems profitable. On at 10,000 USD demo account it hasn't done anything. I don't have a 100,000 USD account, so it appears this EA will be useless to me.

 

EA´s

This is only my personal advice to you guys who are looking to get rich buying crap EA´s fo 97$. Do you realy honestly think if these EA´s where any good that these people would sell them for 97$. The Vendors are the only guys who are making money, you will not get rich using this 97$ EA´s. Secondly If you do know anything about Forex look at this EA´s strategy!! 500 pips stopp loss and 7 pips take profit! that is like one loss will wipe out 70 wins!! to make matters worse if it takes a loss it will you martingale strategy which basically means it raises the lot size after the losses to compensate for the loss which means you will certantly wipe out your account somewhere on the road!! <these guys are not real traders, they are "stealing" money from you ignorant guys!!!! If you want to be a forex trader take time to study real manual strategies which have real money management strategies! If you think you will get rich with forex over night think again. Forex is not easy, it takes time to get to know this market atleast for the majority of traders!

kind regrds FYI

 

The bonuses are better.

btw, FYI, I bought this EA for $149, that was the first or second day they launch it.
AND Yes I agree with you, this EA is another crap. BEWARE using it.

But, I would not ask for refund.
Because I purchase it via Megadroid links, and they give bonuses another 3 of megadroid EA. Which I have experience steady, safely, and profitable for about a year now. and these EA were not available in the market.
And these Megadroids EA require the clickbank purchase number/receipt from the EA purchased.

You can learn more about megadroid also in FPA.