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.
ForexBot28 Trading Strategy
ForexBot28 trades on over 28 pairs giving it a diversified portfolio. 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 suit different trading styles. You could use a mode that makes you feel comfortable. I would ideally use an ECN forex broker for the best possible trade conditions.
ForexBot28 Back Testing
There are no back tests on the official ForexBot28 website which is a disappointment.
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 is diversified with a trading portfolio of 28 currency pairs. You may wish to trade all or a select few. I find it too dangerous for my personal taste. ForexBot28 comes with instructions, full support, updates and a money back guarantee.