Will be extremely busy day I have of writing reviews that continues to get busier as I now have to write about the FX News Bot.
This is another Forex robot with a my FX book account which people seem to really like in this market. It costs $87 and then you have to pay monthly after that $47 so this isn’t a cheap software by any means.
Let me get right into this here I’ll start taking a look at the results announced are providing you with some of the details of this software, how would trades, what we can expect.
FX News Bot Details
So first up is good to take a look at the my fx Book results. The trading started in February so the system has about three months of data behind it for me to look at and to diagnose.
Out of the three months two were successful, one for 28% and one for 9%. The software does trade multiple pairs, USDJPY,AUDUSD,GBPUSD,EURCAD. It doesn’t trade often probably around one trade per day.
The FX News Bot trades the news which means it watches for in nine categories news and then when there is a news event it will watch how the market moves and then it will place a trade according. I do like that the strategy is explained and I do also like the strategy in itself I believe this strategy could work and I hope that it does work.
At this point in time I do not recommend this software. I think it has a lot of potential but I would like to hear more from the Forex robot nation users and from the roundtable. If you have anything you would like to add as always leave a comment about our review and please let us know your thoughts on the FX news bot and if you think that it is a good system or not.