Goldbull Pro is a new Forex robot that is starting to draw some attention from the community. The developers behind the software tell traders that they can gain more than 60% profit every single month just by utilizing their advanced automated strategy.
Today I’ll be taking a closer look at the software and providing a detailed analysis and review.
Goldbull Pro Review
The goldbull pro website consists of a heavy dosage of trading results from both back testing and live trading. The 3 back tests are run on the EURUSD, GBPUSD and USDJPY pairs from 2010-2015. During this period of time the back tests showed drawdowns around 8% and the average total trades placed is around 3000. Underneath the back tests is a statement that says this is the number one selling Forex robot of all time. While I appreciate all the results being provided here there is no reason for this developer to lie to us about the popularity of their software. This system is very new and I’m sure that it isn’t close to the top rated robots that have been selling copies for over 5 years.
The live results provided by the goldbull pro developers are hosted on FXBlue. The account has been running for just over a month and shows large returns with over 500% in the first month. In looking closely at this account I can see that this is a super fast trading scalping software. The robot is taking around 10 trades a day and most of them are being closed out within 60 seconds. The system looks to gain pips and get out fast. The only issue with this type of software is that if you are paying commission or there is a decent sized spread these 1.6 pip wins won’t be very appetizing.
Today I won’t be providing a full recommendation for the goldbull pro robot. The system looks impressive but as I mentioned above it won’t work with a broker that has a large spread or takes commission on your orders. This is a very difficult thing to find in a Forex broker. If you have something you would like to contribute to his review now would be the time. Thank you for reading my review and I hope you look around Forex Robot Nation to see what works for the community here.