In this post I will be reviewing the ForexBot28 fully automated forex trading system developed to run in the popular MetaTrader 4 trading platform that is provided by nearly all forex brokers around the globe and is free to download and use for forex traders. Mt4 is the platform of choice for many traders and the chosen platform for 99.9% of forex robots. ForexBot28 is a hands-off trading system that once setup within 5 minutes using the provided instruction manual will place and manage trades for you whilst you go about your business and check back to see how it has performed. This makes it suitable for both novice and advanced traders. Impressively, ForexBot28 has a real verified by FX Blue trading account that has been generating around 2% per month for over 3 years now. Make sure you check the official ForexBot28 for the latest results after you have read this review.
ForexBot28 Trading Strategy
ForexBot28 trades on over 28 pairs giving it a great diversified portfolio, if there is a time that one currency pair is under performing, chances are that another currency pair will be doing well. The developer claims that ForexBot28 uses neural networks to assist with its automated trading. This helps to ensure that ForexBot28 keeps up to date with the ever-changing market conditions and can adapt across multiple currency pairs and market conditions. ForexBot28 has a conservative, normal and aggressive mode to suite all different trading styles. Use a mode that makes you feel comfortable and ideally use an ECN forex broker for low trading costs and the best possible trade conditions.
ForexBot28 Back Testing
There are no back tests on the official ForexBot28 website although we have over 3 years of real live verified trading results to make a fair judgement on its performance which at this time it must be said is very impressive.
ForexBot28 Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Overall, the ForexBot28 forex robot has done very well for many years and I like the fact that it is very diversified with a trading portfolio of 28 currency pairs. You may wish to trade all or a select few. The risk to reward ratio is around 1.75 with a win rate around the 60% mark. Not bad statistics for a fully automated hands-free trading solution. ForexBot28 comes with instructions, full support, updates and a money back guarantee.