Forex Bull Expert Advisor – Good Or Bad?

Recently I bought another expert advisor called “Forex Bull” (www.forexbulltrader.com). I was impressed by the backtested results and the live results they are providing on their website and it made me bought their expert advisor. The backtested results were showing an average of 5 trades per day. If it is good a expert advisor, I can make an average of $100 per day ($20 per trade per 1 standard lot. Minimum I am expecting is 2 pips profit per trade). So I bought this expert advisor.

This expert advisor is a scalping expert advisor and this is for EURGBP currency pair. The cost of this expert advisor is $99. After I paid this I got the download link and downloaded this expert advisor. The author(s) of this expert advisor is(are) providing only the expert advisor file but they are not providing any documentation file like a pdf file which generally describes how to install the expert advisor, the settings for the expert advisor etc. Geneally other expert advisor provide these kind of support files. But anyhow, since I already have an experience of using some expert advisors I installed it correctly.

The first thing I do whenever I buy any expert advisor is backtesting the expert advisor. I tried to backtest it. This expert advisor has two important settings on it called “BeginTradingHour” and “EndTradingHour” where we have to enter the GMT Offset setting for these. If the author provides any support document which explains how to set these values that would be very useful. Anyhow I did not change these settings since it was the first time I was testing.

I started the testing this for 2009 year but it was not opening any trades. I was confused a little first and then tried to find out what was happening. I checked it here and there and then I checked in the “Journal” tab. It is giving the error “ERROR: No testing possible. This expert advisor needs live data for calculations”. I really got pissed off by seeing this error. It means that the expert advisor can not be backtested. How can anyone use any expert advisor with out backtesting it. Any expert advisor should be backtested to find out for which parameters it works good and this is not allowing me to do that. This is really bad.

So I decided to send an email to them. On the support page of the website they mentioned that they provide 24/7 support. The following is what is mentioned on the support page of their website.

Our support will be available 24/7. If you don’t receive an answer after 48 hours, please try to contact us again via email or use the Clickbank Support Form.

Please check your spam folders too.

If you don’t get any answer, please try to contact us via twitter or Facebook.

English Support: support@forexbulltrader.com

German Support: support-de@forexbulltrader.com

Test our support

Test our support and send a testmail to support@forexbulltrader.com. Just ask any question you want to know and test our support response times.

I bought this expert advisor on 1/4/2010 and on the same day I sent the email to them. The following is the email I sent to support@forexbulltrader.com.

Subject: Backtesting your expert advisor

Hi,

I have bought the expert advisor for EURGBP from your site and the following are my purchase details.

——————————————————————————–
PURCHASE INFORMATION

Order Number:        ********
Order Date:          01/04/2010 8:36 PM PST
Customer Name:       ********************* ********
Customer Email:      ************************
Product:             Forex Bull Evolution VI Limited Edition
Product ID:          400
Vendor’s Site:       http://www.forexbulltrader.com
——————————————————————————–

I would like to back test this expert advisor but when I try to back test, it is not working. In the journal tab it is showing the message “EURGBP,M5: ERROR: No testing possible. This expert advisor needs live data for calcualtions.”. I have all the data and everything for to test this.

Does the error mean that I can not backtest this expert advisor at all? Since this expert advisor needs GMT Offset timings, I have to backtest it. Can you please tell me what I should do to back test this expert advisor?

Thank you

I did not get any reply from them even after 48 hours. I waited for 3 days and sent the same email again to them and mentioned that I sent the same email eariler and since I did not get any reply I am sending it again.

I got a reply, I think after 12 hrs on the same day. The following is the reply I got.

Hi,

Thank you for your email. I will upgrade the EA to make backtests possible and send the updated version to you in the next 24 hours.

Regards

I got this reply on 7th but I did not get any email with the modified expert advisor after that. Today is 12th and I already sent 2 more emails asking for the modified expert advisor. But till now I did not get it. I will post an article about how this expert advisor is working, if I get the modified expert advisor. If I don’t get any reply I will try contacting them using Clickbank support form. I will update what’s going on in the comments section.

In the meanwhile if you guys have already bought this expert advisor and using it, please let us know how this is working. If you can also explaing the two things BeginTradingHour and EndTradingHour that would be very helpful.