(4 out of 5 stars)
Forex BulletProof gets 4 star rating which is same at GPS Forex Robot, Forex MegaDroid, Leo Trader Pro and Million Dollar Pips. Its has high ROI of 11% monthly and quite a good profit factor 1.32 with high Max Draw down of 19% which is still lower then Forex Over Drive (21%). Forex BulletProof gets 250 points for S3 which website features live real test results, posted history back tested results, uses 3rd party results verification of live trading, provides proof of past results, many testimonial from customers, excellent after sale support, money back guarantee and instant access to download the software.
How this Forex Trading Software rank among others?
Attach a table below summary of Forex EA software comparison using ROI, Profit factor, Max Draw Down, S3 scores and Alexa.com rank. Forex BulletProof is high lighted in Red colour.
|Forex EA||ROI (Monthly)||Profit Factor||Max Draw Down||S3 Scores||Rating||Alexa.com|
|FAP Turbo||207%||31.77||0.32%||280 points||5 stars||Rank 31,123|
|GPS Forex Robot||28%||3.93||5.68%||260 points||4 stars||Rank 283,290|
|Forex MegaDroid||19.8%||NA||NA||250 points||4 stars||Rank 72,310|
|Leo Trader Pro||32%||2.85||5.84%||250 points||4 stars||Rank 213,570|
|Forex BulletProof||11%||1.32||19%||250 points||4 stars||Rank 309,467|
|Million Dollar Pips||925%||2.13||2.58%||240 points||4 stars||Rank 75,635|
|Forex Growth Bot||148%||1.66||9.05%||190 points||3 stars||Rank 214,229|
|Forex Over Drive||5.8%||NA||21%||190 points||3 stars||Rank 453,393|
Forex BulletProof popularity for Alexa Traffic Rank are 309,467 which is just better then Forex Over Drive (Rank 453,393). The ranking is 2nd lowest as compare to the rest of the Forex EA software.
Stretegy Tester Report
Forex Bullet Proof did not publish any back tested results but they show live trading results summary by 3rd party simulation lab. Below is a screen shot of the summary results. (Click on picture to see detail). Total executed 477 trades with 100% long trades for this account.
The starting account of $4k over 3 months product $5.1k results, giving 28% profit overall. With 19% draw down and 1.32 profit factor.
Profit Factor is gross profits divided by gross losses. (Higher value better)
Winning trade percentage is total win trades divided by total trades (win+loss). (Higher value better)
Maximum draw down percentage is the highest losses you have divided by account balance. (Lower value better)
Trade Result Analysis
Forex Bulletproof feature a very attractive and informative website with live results that is updated in real time with 15 minutes delay. This is very use full and allow user to see the actual results that this Forex automated software can provides to Forex trader. Relatively high ROI and profitable money gain for its user.
Attached a screen shot of Forex Bulletproof trading account (Click on the picture to see in detail) starting from 2010 Aug 17 with $10k starting balance. As of 2012 Jan 09, balance stands at $129k. This work out total 16 months a ROI of 80% per monthly. This is much higher then any stock and shares. (Click on the picture to see in detail)
Attached another screen shot (click on the picture to see in detail) with starting balance $5k from 2011 Feb 10. As of 2012 Feb 08, account balance is $6780. Which work out a ROI of 11% monthly. Much higher then any unit trust investment.
What strategy is it?
Attached screen shot of Forex bullet proof trading from 24 Nov 2011 to 05 Jan 2012. (16 trades). (Click on the picture to see in detail)
The system uses martingale strategy, which double the lots on the next consecutive trade to average down the buy price (Average up for sell price). But with added feature of reversal trade to minimum losses (Turn profitable for some trades). Refer to trade no 19993055 and 20470366.
Winning trades profit between 10 pips to 50 pips, depending on the system triggering the trades. Forex Bullet Proof seems to be using martingale strategy and using EURUSD currency. Taking small 5 to 10 pips profit and applying doubling lots to hedge against loss trades.
S3 Grading Scoreboard
My S3 grading for Forex Bullet Proof is 250 points.
(Refer to picture for detail). The website features live real time trading results, provided detail historical back tested trading results and also posted live account results verification by 3rd party and proof of past earnings.
You can also find many testimonials from happy customers with good after sale support. As a Clickbank product, it comes with money back guarantee and instant download access.
Total score = 250 points
(4 out of 5 stars)
Not enough? Read more...
Click here to access the website to view 2 live trading accounts, 1 promotion video, 3 customers review and cost breakdown for you ---> Forex Bullet Proof