In this post I will be reviewing the Greenbull Robot. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Greenbull Robot Trading Strategy
The Greenbull Robot is designed to trade on support and resistance breakouts. It analyses the market prices and tries to pick levels of support and resistance for breakout trades. It has a filter for false breakout signals and can adjust risk in real time.
Greenbull Robot will look to lock in profit at the earliest opportunity. The Greenbull Robot trades primarily on the EURUSD and GBPUSD (1 hour time frames) currency pairs which can have low spreads and plenty of liquidity for low trading costs and reliable execution speeds. I would always use an ECN forex broker when trading forex online.
Greenbull Robot Back Testing
Back testing was done using real tick data for 99% modelling quality on the EURUSD and GBPUSD currency pairs. It is not clear if they used real variable spreads, swaps, slippage and commissions in testing. These factors can have a major impact on results.
Greenbull Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Greenbull Robot Summary
The Greenbull Robot package includes the MetaTrader 4 forex robot, life time license, dedicated 24/7 support, free updates and easy to follow instructions making it suitable for all traders. You can visit the Greenbull Robot website for more information.