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Forex Bot 28 Review

March 29, 2021 by Forex Winner Leave a Comment

Forex Bot 28

Forex Bot 28 is introduced as the “Professional’s Set,” but its presentation is one-page long and doesn’t look professional for sure. The expert advisor is featured by Forex Store trading solution.

Forex Bot 28 presentation

Detailed Forex Robot Review

We have gathered every piece of information that looks important for us:

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  • The robot runs the account fully automatically.
  • It was designed for MetaTrader 4 and MetaTrader 5 platforms.
  • From the name, we know that it can trade 28 trading pairs.
  • The robot traded smoothly until March 2021.
  • It runs a Neural Network-based system to calculate Entry Price, Take Profits, and Stop Loss.
  • The system is a high-frequency trading solution.
  • There’s a drawdown control.
Forex Bot 28. The robot still has a 7/10 rate on Forex Store even after significant losses.
  • The robot still has a 7/10 rate on Forex Store even after significant losses.
  • The robot supports NFA regulation restrictions and rules.
  • Aggressive trading requires a minimum of $3500 on balance. For micro accounts, it’ll be $350, for cent accounts – $35.
  • Standard trading requires $5000 – $500 for a Micro and $50 for a Cent account.
  • Conservative mode requires $10000 on balance – $1000 for a Micro account and $100 for Cent one.
  • Margin requirements mean that the system is dangerous and likes sitting in drawdowns.
Forex Bot 28. There are tree badges published

There are tree badges published:

  • The license will be delivered automatically after purchasing.
  • The vendor provides a money-back guarantee.
  • There are real-account third-party verified trading results.

Forex Bot 28 Strategy Tests

The robot is published without providing backtest reports. So, we can’t be sure that the system was well-tested before going live.

Real Account Trading Results

Forex Bot 28 Myfxbook

There’s a real USD account on an FBS broker. The robot works automatically with high leverage – 1:1000 on the MetaTrader 4 platform. The account has a verified track record. It was created on March 12, 2020, and deposited at $10,000. Since then, the absolute gain has become +52.79%. An average monthly gain is a little – 3.50%. The maximum drawdown is high – 54.79%. The trading results are tracked by eight traders.

Forex Bot 28 drawdown

As we can see, during 2021, the robot has started experiencing significant drawdowns.

Forex Bot 28 advanced statistics

Forex Bot 28 closed 2577 deals with -4473 pips. An average win 49.25 pips when an average loss -101.07 pips. The win-rate is 70% for Longs and 62% for Shorts. An average trade length is four days. The Profit Factor is 1.37.

Forex Bot 28 trading results

The robot works with many symbols. The most profitable is GBP/AUD ($465.26) when the most traded is GBP/USD (153 deals).

Forex Bot 28 trading results

The system focuses on trading during the European trading hours.

Forex Bot 28 trading results

As we can see from the chart, the most traded day is Thursday – 581 deals.

Forex Bot 28 trading results

The system works with medium risks to the account balance.

Forex Bot 28 trading results

The robot uses Grids of several orders with Martingale.

Forex Bot 28 trading results

There were huge losses when these 88-100-day orders were closed at the same time.

Forex Bot 28 monthly gain

Everything was going well until March 2021.

Pricing

Forex Bot 28 pricing

There’s a single package that costs $255. We’ll get one real account license, two versions of the product for MT4 and MT5, a PDF user guide, free and lifetime updates, 24/7 welcome support. The system is delivered with a 30-day refund only if the system is not profitable or drawdowns are higher than 40%. So, both these requirements matched not so far ago.

Customer Reviews

Forex Bot 28 Customer Reviews

There’s a company’s page on Forex Peace Army, but there are no comments.

Review Summary

Forex Bot 28 is a dangerous Grid plus Martingale trading solution. Trading results showed that the system kept deals on the market for months but after that for hours.

There’s something weird going with the robot. Is it broken? We don’t know. March 2021 was the first one that brought big losses.

Will it keep going? No one knows, for sure. For now, it’s better not to buy this system. If you still wanna buy it - try it on the demo account for half a year or so.

Advantages
It’s a powered by Forex Store trading solution
Real account trading results
It works with many pairs
Medium risks
A 30-day money-back guarantee provided
Disadvantages
One-page long presentation
No team revealed
No money-management advice given
No settings explanations provided
No backtest reports published
The system uses Grid with Martingale
No customer testimonials published
4

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