Forex Bullet Proof Review: The Good And Bad
On the 31st August the latest forex robot was released for sale
. As usual in these days of huge product launches there was a build up with exciting releases of information, but just how were the developers of this robot going to convince the public they were not being offered another robot that was going to lose their money.
There have been so many robots released over the last 12 months, many of them proving to be scams.
Our Forex Bullet Proof Review looks at the reviews and information supplied by the creators of Forex Bullet Proof.
Here are the main points.
The developers are the same people who created Fap Turbo which sold over 75,000 copies and was one of Clickbanks top selling products. These guys have been around a while and have some credibility. They also released Fap Turbo Evolution. This was a more expensive version that was a very limited edition.
Many of the previous robots worked short term and then in most cases lost all your capital. Their back testing was dubious and they made ridiculous claims of how much they were going to win each and every month.
Fortunately Forex Bullet Proof has actually changed that approach. Their claims are a realistic 5% gain each and every month, but not doubling your money every week. A sure but steady approach. This is a welcome change.
The biggest problem for traders in the past using robots has been the huge drawdowns, many of the accounts have been wiped out. One major loss often cleaned out your account overnight.This is one area where Forex Bullet Proof has shown far better results. They are looking at smaller gains AND smaller losses. Looking at their figures from May until August their average loss was $10.99. That is very low. Their startup capital in this particular case was $6,000.00. Many of the people wanting to use this robot will be able to relate to an account this size.
The coding on this robot is far more complex than that offered on previous robots. The average robot had 409 lines of code, Forex Bullet Proof has over 4000. From the users point of view this means that Forex BulletProof can handle far more variables, not only does it recognize something different is happening in the marketplace but it reacts. This makes it much safer. It will close out sales if necessary. Because the forex markets are always going to throw out a random result every now and then, the robot must be able to handle such situations.
To start trading, they suggest a minimm of $450.00, again this is a far more honest approach.You are not going to last long with an account of $100.00. It is nice to hear the truth instead of people saying you can start trading with $50.00. If you want to trade with both sets of currencies EUR:USD and USD:JPY your minimum account would be $4000.00. It is quite viable only to trade the one currency EUR:USD. Many traders only trade one pairing. They get to know that pairing and its unique patterns.
In the past if there have been too many people trading with the same robot there have been problems( Fap Turbo was a typical example), to get around this Forex Bullet Proof trades during the main trading hours when the liquidity of the markets is in the trillions of dollars. In many cases Brokers made it difficult to trade with Fap Turbo.
They are only going to be selling 10,000 copies, in the past high sales of their first product Fap Turbo caused enormous problems. Their customer services could not keep up with the demand and people were frustrated by the lack of service. They eventually got things going again.
I hope this time they have learnt from their mistakes, but it does mean you will have to buy quickly if you want to be in the first 10,000 buyers. If you are looking for small constant gains over a long period, then Forex Bullet Proof is certainly worth trying. This is not a get rich quick scheme.
Forex Bullet Proof Review: The Good And Bad
By: Gillian Westfield
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