Forex BulletProof Robot Reviews
Type: Forex Trading Robot
Product: Forex Bullet Proof
Rank: Gold Category
Profitability: ???/10 (Results not as we hoped. Still a lot of testing to be done. Hope the king of forex robot can continue upgrading this EA)
User Friendly: 9 /10 (one click exe installation,MT4 expert advisor)
Support : 7 /10 (huge customer base might choked up the support)
” Forex BulletProof Robot Reviews “
New Updates – Live MT4 Stats
Below are some live trading statements from readers’ contributions.
Forex Bulletproof -http://forexbulletproof.mt4stats.com/
Forex Bulletproof 2 – http://www.myfxbook.com/members/FRANKJIBE/robots/47959
Forex Bulletproof 3 – http://www.mt4i.com/users/forexbulletproof
Forex High Voltage 1 – http://forexhighvoltage.mt4stats.com/
Forex High Voltage 2 – http://www.mt4i.com/users/forexhighvoltage
This EA is creating huge attention
The team of king of forex robots, Fapturbo is finally coming out with their latest creation, Forex BulletProof.
I am suprised that they took so long to come up with a new creation of theirs.
After all, they do have the expertise and support now after a few forex robots of their own.
Forex BulletProof might be a very good forex robot in the making.
Forex Bulletproof is not a new EA. It has been used for the past 6 years by 3 members from the Fapturbo team.
It is programmed as a “safe and constant wealth growing” robot. More like your bank but with much higher interest.
Nature of Forex Bulletproof
As such, Forex Bulletproof does not have the aggression like your typical 1000% monthly forex robot.
It is programmed to handle your capital with care and grow it on a constant steady rate.
On average, the team is looking at a 5% growth every single month.
Therefore, you should not expect this robot to go out blasting every trades. It will stay on the background and trade when the risk is low.
Do only judge the forex robot at the end of the month. 1 single trade may be all you need for a 5% growth.
The team has not uploaded any trading statements on Forex Bulletproof so far. They did reveal how much the forex robot has made for them.
If you were to deposit $1000 with this robot 6 years ago, this $1000 would turn into $149,000. This is near 1500% with an average 250% every year.
Not bad for a “bank”.
However you do need full compounding for this to work out.
You will need Forex Bulletproof to keep winning too for such high percentage growth.
How about more aggressive trading
Now you might be thinking: “How can I make it more aggressive then?”
Sorry you can’t as the robot is programmed to focus on 1 trading system.
The fapturbo team has anticipated such requests and have provided two upsells.
Add-On 1: High Voltage EA
Every single code inside High Voltage Robot is about finding High Reward – High Risk trades.
You could easily expect this forex robot to make a few hundred percent returns in a few days.On the other side, it could just bust your capital in a single day.
This is purely a gambler robot. You must only deposit your “play” capital.
What”s good about this kind of trading is that your risk is capped at 100% however your reward is “unlimited” .
Your winnings can reach a few thousands percent if the trend and conditions are right. This is what I like about forex trading.
I have a “play” account like this and I usually strike a good winning streak 2 or 3 times a month and it will easily cover all my monthly expenses.
At the end of the day, the key is how much you withdraw. You need to withdraw those profits into real hard cash.
The team advises you to withdraw your profits every 3 days. This is where High Voltage EA could run into losses based on historical trading records.
Add-On 2: Market Dominator Trading Package
I bet most people isn’t interested in this trading package.
Market Dominator package contains some of the best MANUAL trading systems from a recent fx competition.
I heard that the top systems have generated a few hundred percent and 1 with as high as a few thousand percent.
Frankly speaking, if you want to diversify your trading income, you need to trade yourself too.
Put yourself and a few good trading robots into the wealth-creation formula.
You will go a long way to creating a sustainable wealth-growing system.A forex robot will not last forever but you as a human trader can. So don’t be too quick to skip this trading package.
I will not be able to give a complete PROs vs CONs review as the robot isn’t released. I do see some clear signs though.
1. Experienced Trading, Programing and Support Team
If you have owned a forex robot before, it is likely to be Fapturbo.
Fapturbo robot is undoubtly one of the most popular forex robot in history. The amount of information/reviews on this robot over the net is scary.
They have experiences dealing with huge number of customers from different backgrounds.
They will have to deal with different technical issues and requests from the customers using different pc platform and trading softwares.
The Fapturbo team has released 50 over version updates so far. The most I have heard from any forex robot, more than their main competitor Forex Megadroid.
After a few forex robots released, they will have good sense on what works and what doesn’t.
Therefore it is less likely you will not encounter those trading and programming bugs compared to a new forex vendor.
2. Great support from different community
Popular products alway get a lot of attention and support from the online community.
Look at IPhone 4 or Ipad, there are already different communities discussing on how to best make use of IPhone.
Forex Bulletproof will have this kind of users-support based on what we see from Fapturbo.
With a huge existing customer base from Fapturbo, Fapturbo Evolution and Forex Autopilot, Forex Bulletproof will generate a lot of attention too.
You will see people discussing about Forex Bulletproof results, settings, improvement, updates and etc.
The fapturbo developers will be more pressurised to provide updates and better customer support.
Something you won’t have with most newer and unpopular forex robots.
Overall, you will benefit as an end-user.
1. Difficult to get rich with the EA alone
I am not sure if this is really a CON.
But as most forex robot users, this is why they are buying the forex robot in the first place. They want to make a lot of money like what the vendors have promised.
Moreover, this default Forex Bulletproof is developed as a slow constant wealth compounder.
As such you need many months and years before you can see substantial growth in your capital.
Market will also change and the development team will need to add patches to help the forex robot to adapt better.
2. Upsells and Upsells
Most people won’t like that two upsells they are seeing. Yet this is probably the norm now with forex products.
With a low price entry, you won’t get everything.
Upsells complement the main product. You don’t need the Upsells unless you want a full comprehensive trading package.
Your Reviews and Comments
Feel free to leave any comments, reviews and findings on Forex Bulletproof on the comment box below.
I will approve all comments as long they made sense. Thank you.
Similar Forex Trading Articles you can read too
Auto Forex Trading appears to be something out of the future. Setting your Forex currency trading on autopilot is very attractive, both for the beginner Forex trader with a small account and the big money trader with large accounts. But there are some things you should look for when choosing an automatic trading robot.
First, What Is Auto Forex Trading?
Automatic Forex Trading is when you let a piece of software, a script or a “robot” do the currency trading for you , just like Forex Bulletproof. Predetermined indicators are programmed into the script, and then the program monitors the Forex Market in real time and makes trades when the conditions are right. The goal is to use the Forex robot like Forex Bulletproof to automatically monitor currency market conditions, make winning trades and reduce risk.
One of the great things about using a computer program to do your currency trading for you is you can test the program by using backtests or a demo account. This sure takes off a lot of the stress of trading when you can check the automatic robots settings before putting any real money on the line.
Using an automatic forex program is the closest thing you’ll get to a “set and forget” Forex solution. After you get the program set up to the proper specifications (normally given to you by the programmer), you just let the program do the trading for you. And if everything is done right… you just need to count your profits. First ask yourself, “What is the right trading solution for my goals and personality?”
Is Auto Forex Trading Right For Your Forex Trading Style?
Not all Forex Traders are the same. Some like to be 100% hands on and do all the trading themselves. However, this means you need to keep up with the currency market, the trends and need to be around to do all the trading at the right time… day or night. This approach takes a high commitment of time and energy.
Some currency traders use a semi-automatic computer program like Forex Bulletproof. In this case, the software keeps an eye on the market and makes suggestions. Then you need to make the trades. If you are skeptical that an automatic robot can really make a high percentage of winning trades all by itself, this might be a better option. The bad part is you still need to do all the trading manually, which results in being glued to your computer screen at all times of the day and night.
If you are looking for a “set and forget” type of solution, the fully automatic option is for you. But not all auto Trading robots are the same.
Not all automatic Forex trading solutions are created equal!
If you are like me, you want to take advantage of the huge opportunity the Forex market provides for making money and creating wealth. But, doing the trading manually requires you learn everything yourselves and put in the time necessary to watch the Forex Market. Some might want to take a less involved approach. This is where auto trading comes in.
The success of an automatic Forex robot is determined by the preprogrammed indicators it uses to do the trading. They should be set to make maximum profit, but reduce risk. This normally means looking at currency trading in a more long term setting on Forex Bulletproof, and avoiding the “all or nothing” trading style some Forex robots are set to use.
Here is one of the most important things to look for. Auto trading programs usually use backtests as “proof” their program delivers on its promises. And there is nothing wrong with that. But, there is a difference between backtesting and putting REAL money on the line. So, my advice is to look for an automatic Forex robot that has been proven to work in the REAL world with REAL money, like Forex Bulletproof. After all, those are the results you want when you use the robot, right?
Don’t rely exclusively on programs that ONLY use hypothetical tests and backtests as proof their software works. I wanted the go the auto trading route, so I needed something that was proven to work with REAL money. For me finding the right automatic trading solution really was a dream come true.
There are numerous methods and styles used by traders to trade. The classification of these trading styles can be done using various measures such as the products trading, buying and selling interval and methods/schemes used for trading.
According to the products traded, the major trading types include stock trading, options trading, forex trading, commodity trading, futures trading, etc. Stock trading involves the trading of equities or shares of companies via specific stock markets.
Option trading involves trading of options, which is the right to buy or sell a share/contract at precise time periods under specific market levels.
Online forex trading involves the trading of currencies in pairs; that is buying one currency and selling another one according to currency exchange rate changes. Online commodity trading and online futures trading involve the trading of contracts; either for products like crude oil and natural gas or for money investments like bonds and treasury notes.
Based on the time between purchasing and selling of products online trading can be generally divided in to long-term investing and short-term trading. Usually trades with buying and selling gap below one year are called short-term trades and those with buying and selling interval over one year are called long-term investing.
The majority of online traders are short-term traders, trade equities/contracts in relation to short-term changes in value.
Long-term traders trade according to company/industry growth rates. They are generally company/industry specialists, trade in large quantities with long-term goals. Short-term trading can be divided in to day trading, swing trading and position trading. Day trading is regarded as the most active trading style. In Day trading the buying and selling period does not exceeds one day.
Day traders buy and sell stocks/contracts with in seconds, minutes or hours for generally small gains. Day trading avoids overnight risks as the trader holds no stock/option.
Day traders include: (1) Scalpers – traders who buy and sell large number of contracts/shares with in seconds or minutes for very little per share gain, and (2) Momentum traders – traders who trade based on the trend patterns with in a day.
Online swing trading, like day trading, is an active process. But here the buying and selling period may range from a few hours to 4 days. Swing traders trade options/contracts in relation to minor variations in price for little more profit than day trading. Swing trading includes overnight risks of holding stocks/contracts. In position trading the buying and selling gap can range any where from a few days to weeks or months.
Online position traders trades on long-term trends and company/industry performances. They have higher risks and higher gain percentage per share to swing traders and day traders. Based on the schemes followed, trading can be divided in to (1) Brother-in-law style of trading – trading in accordance with the advice from brokers or other traders,
(2) Technical trading style– trading by using advanced systems to find out historical as well as latest trends
(3) Economist style of trading – trading according to the economic predictions
(4) Scuttlebutt style of trading – trading based on the information extracted from brokers or other sources
(5) Value trading style – trading according to merits of single share/contract not to whole market
(6) Conscious style of trading – trading by combining two or more of above styles to finding right opportunity.
Do you want to know how to conduct independent testing of Forex robots to find out which are the most profitable currency trading software on the Internet today?
There are now thousands of websites promoting the use of automated Forex robots like Forex Bulletproof as the popularity of currency trading increases every day.
Also, these websites are using very strong sales tactics to pressure visitors to buy, making you wonder if they really work.
1. How Do You Know How an Automated Forex Robot Performs in Live Trading?
The best method to know if a Forex software really works is to see its live trading results, otherwise known as forwarded testing. This type of testing takes into account all factors like fluctuating broker spreads that affect a real live trade.
This also means that a single Forex robot can produce slightly different results with different brokers due to these factors.
One of the most popular methods to conduct forward testing is to run the robot on a demo account with real live trading data.
2. What are Some Factors That Need to Be Taken Into Consideration When You Are Testing Forex Robots?
The most important factor has been highlighted above, which is live trading results. All robots that you use with real money needs to have proven profitable performance in a live trading environment.
On top of that, even if the robot can perform well in forward testing, you also need to ensure that it has been profitable in its back tests.
The next things you want to look out for are customer testimonials and endorsements. Try to find more sources of reliable of information before concluding that the robot really works.
Finally, there is one often overlooked factor that is the drawdown. Drawdown is a percentage figure that tells you the largest percentage of the bank that the software has ever lost on an account.
For example if drawdown is 50%, it means that it had taken an account to half its value before. Everyone has different risk tolerance levels, so look for a robot that has drawdown safe enough for your risk tolerance.
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