Gold Bull Pro 10/30/15 Update

Thank you for viewing my gold bull pro friday update. This is our first week of testing and things went very well especially as we got closer to the end of the week.  So far were up over 11 % in the first 5 days of trading which is impressive but there are some issues with the system that i talked about in the video. Hopefully things will continue to run smoothly. Any questions dont hesitate to send them my way.
  
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 Many thanks Larry for following up and doing this review! My personal observations so far while testing GoldBull Pro is the following:

1. It doesn't seem to perform too well on accounts with low deposits that are starting from $500. So people using this EA should consider investing a minimum of $2,000 to have some decent results. Based on GoldBull's demo accounts it appears that an investment within the range of $5,000 to $10,000 would seem ideal.

2. I inquired about their recommended EA settings and this is what they told me (but feel free to experiment as you see fit):
EURUSD long with Agressive,
EURUSD short with Normal
GBPUSD long with Conservative
GBPUSD short with Conservative
USDJPY long with Conservative
USDJPY short with Conservative

3. GoldBull Pro has two live demo account results pages:

A. $5000 USD initial deposit | Broker - Tickmill demo | 1:500
http://www.myfxbook.com/members/BestEARobots/goldbull-pro-bestearobotscom/1230843

B. For their FX Blue page this is what they told me via an email inquiry I had - "$10,000 USD initial deposit | Broker - Tickmill demo | 1:300"
http://www.fxblue.com/users/goldbull_pro

4. With regards to point #3, when testing GoldBull Pro on some various demo accounts I realized that this EA only works best on ECN Pro demo accounts (accounts with a fixed / tight spread) NOT classic accounts or accounts with variable spreads. Actually, when I tested this EA on classic / variable spread accounts the results were downright horrible.

5. Nonetheless, I'm impressed with GoldBull Pro's results in the above links. That being said, my recommendation would be for international users to test or open a live account on TICKMILL ECN PRO (min deposit of $25) in order to achieve similar results that you see in the links above.

6. US residents may want to try the following:
A. Try opening a live (or demo) account with FX CHOICE MT4 PRO account (https://myfxchoice.com/accounts/pro-account/). The max leverage is 1:200, the minimum deposit is only $100, however as I noted in point #1 you should really consider a minimum investment (or even a demo investment) starting from $2000 in order for this EA to demonstrate any results. Also, I would expect the results on this demo platform to be different from the GoldBull Pro live results page due to the fact FX Choice has lower leverage than Tickmill (ie. 1:200 vs. 1:300 or 1:500)


B. I guess US citizens may also want to try Forex Broker Inc as a 2nd possible option (http://www.forexbrokerinc.com/account-types). My concern for testing purposes with the GoldBull Pro EA is the only demo platform Forex Broker Inc offers is a variable spread demo account, which is something you do not want to use with this EA..... They do have live Gold and Platinum ECN accounts with low spreads (GOLD ECN account may be preferable for the GoldBull Pro EA in terms of trading micro lots). Unfortunately, Forex Broker Inc does not give you a chance to preview these ECN accounts on a demo MT4 platform. So that's my rationale for US citizens checking out FX Choice first........

Those are my insights for the time being. Keep up the great job you're doing on this website Larry. I'm sure a lot of viewers like myself appreciate the time, money, and effort you are spending to keep us informed! Take care!

-Kenny

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