Description

Forex Bullet Proof is a system we purchased so we could evaluate it.  There has been a lot of hype around this system and we decided our site wouldn't be complete without a thorough review of this system.  The developers were behind such launches as Forex Autopilot, FAPturbo, & Forex Evolution.  The system is a scalper that trades the EUR/USD & USD/JPY.  For some reason, the EA requires a deposit of at least $4,000 to trade the USD/JPY currency pair and only $100 to trade the EUR/USD pair.    It is worth noting that because the system trades on a 1 minute chart, the modelling quality of the EA will be low.

forexbulletproof.com

The back test of the system has strong performance with steady return (USD/JPY = 46% -- EUR/USD = 3%); draw downs were 5% for the USD/JPY & 80% for the EUR/USD.  As with the other systems by this developer, GMT offset is very important.  We're curious to how similar the trading of this product is to FAPturbo; they both seem to be scalping systems that trade a narrow time frame.  Take a look at the back test below, every single order is put on between 18:00 & 21:00, very similar to the FAPturbo product.