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.