Yes, I agree. In the case of this one, "BURU" here is one of the many comments I found in Forex Factory regarding this EA which sell for 500.00$.
If you down load their demo you cannot trade anything less than 50k! BIG AMBITIONS AND DEEP POCKETS FROM IBFX...another scam if you ask me!
"Originally Posted by Jairo View Post
Every martingale is the same. Buru is no exception. Please see attached Buru test from 1999, with risk factor set to 0.4. After a ridiculous 50% return in 4 years, it takes a near 60% loss. With full risk it blows the account much faster.
IBFX Australia, you are throwing your (potential) credibility in the mud partnering with this software.
I don't think it is acceptable to warn that the EA can take a margin call (as stated in Buru FAQ) and then sell it for $500. Even giving it away for free would be irresponsible."
Igor
--- In 4XONTARIO@yahoogroups.com, "John S" <hyypro@...> wrote:
>
> If you want to know what EA's work then look on forex forums. Don't look on review sites as they usually get paid when someone buys an EA that's linked from their site.
>
> I have been demoing Buru and it looks promising. (*no links allowed0
> IBFX seems to be promoting it on their website too. (*no links allowed) Do your own due diligence and don't take anyones word for what works.
>
> *moderator has removed URL
>
Buru is getting great results since Nov 2010 which I have started. I have turned off the New York session, each month I am hitting 5% profit with Asian session.
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