Review of the Forex Bulletproof EA
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Forex Bulletproof | Unknown | N/A | N/A | Yes | Yes | Unknown | Unknown | Forex Bulletproof |
Performance (Forex Bulletproof EA Test Results)
License
Forex Bulletproof will be sold through either Clickbank or Plimus, most likely Clickbank since it’s being promoted by the FAP Turbo Guys.
Strategy
Forex Bulletproof has a picture of a backtest graph but it’s hard to tell what kind of strategy it uses based on just that. So I really have no idea what kind of a strategy it uses just yet.
Recommended Brokers
FX Open and Iam FX are two great brokers for running robots with their tight spreads and great execution time during all hours of the day.
Conclusion
Forex Bulletproof claims to be a cure and relief from all the forex robot scams, yet they have what is suppposed to be real hand writing saying “I declare these results to be 100% real”. Meanwhile they are just showing a picture of a backtest graph. Wow ok, so they are sick of scams so they lie to your face about their results.
Safe To Buy?
MAYBE!
Forex Bulletproof has not been approved for purchase yet because of the fake results posted on the homepage, but it days have the Clickbank 60-day money back guarantee.
Overall Rating
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September 23, 2010
#1
On my demo account the EA failed notably to generate any profitable trades – then I tried to claim a refund through Clickbank. Every refund request is then turned into a tech support issue making the 100% money back guarantee with no questions and no hassle claim a joke! I’ve been told to check my settings, offered other robots, asked for a 30 day statement showing my losses and told to operate this EA on a separate account. I’ve now been trying to get my refund for 2 weeks.
September 12, 2010
#2
It looks like all those initial pending orders that the robot places are just part of the warm up process, it eventually cancels those an places realistic orders. After running for one week on one live and two demo accounts, here are results: Live account up .05%. Demo 1 down .5%. Demo 2 up 2.2% . The strategy looks pretty sound. It is a martingale, but starts with tiny lots and does not just continue to increase the positions exponetially forever. It does take its losses and move on before the get ridiculous.
September 2, 2010
#3
I just started it on 2 demo accounts. In both accounts it repeatedly tries to place limit orders for EUR/USD at 0.128 instead of 1.28. Obviously there is a decimal point in the wrong place somewhere in the code. Hopefully their support people will provide a fix. For all of the hype about all of the time spent in development, I don’t know how they can start selling it when it can’t possibly work. I’ll let you know what happens.