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Overview
The Forex trading world is constantly evolving, with new software and trading strategies popping up every day. One such trading software is Reborn, a trend-following trading robot. This review aims to provide a comprehensive understanding of the tool and its multiple functionalities.
Reborn Forex: An Overview
Reborn is a Forex trading robot that utilises market trends to execute trades. It’s built on the Investment Castle Indicator, a renowned tool used by many successful traders. What sets Reborn apart is its built-in strategies, providing traders with the flexibility to choose the strategy that best fits their trading style, risk tolerance, and financial goals.
Strategy Options in Reborn Forex
Reborn offers two main strategies for automated trading: SL and TP Kill and Switch, and Martingale.
The SL and TP Kill and Switch strategy is designed to switch the direction of future trades while recovering previous losses. On the other hand, the Martingale strategy, famous for its risk-taking approach, is also available with the SL Kill and Switch feature, helping to switch the direction of future trades and recover previous ones.
However, it’s important to note that both strategies come with their own risks, especially during market swings. To mitigate these risks, Reborn comes with two additional options:
- Maximum recovery attempts: This option sets a limit on the number of recovery attempts.
- Maximum recovery lot size: This option limits the lot size to a certain number.
Additional Features of Reborn Forex
Reborn also offers a feature to limit the number of trades per day, ranging from one to infinity. Additionally, it provides an option to close open series at the end of the trading day, either when in profit or otherwise.
Moreover, the software comes with an Instant Entry feature, which prompts the robot to place the next trade immediately after the previous one closes, regardless of whether it was profitable or not. This feature is useful during extreme price fluctuations, allowing traders to catch every market move.
Notably, both the Take Profit (TP) and Stop Loss (SL) levels in Reborn are draggable on the chart, even from the mobile app. The software also recalculates these levels when placing manual trades, ensuring accuracy and ease of use.
Mobile Notifications and Semi-Automated Trading
For traders who prefer to stay updated on-the-go, Reborn offers a mobile notifications menu. This feature sends push notifications about the profit or loss of every symbol at the end of each trading day.
Besides automated trading, Reborn also supports semi-automated trading. Traders can view the daily time frame for best results, and let Reborn take care of the rest.
FAQ Section
1. Is Reborn Forex safe to use?
Like any trading software, Reborn comes with its own risks. However, it provides options to limit recovery attempts and lot sizes, which can help mitigate potential losses.
2. Can I use Reborn Forex on my mobile?
Yes, Reborn offers a mobile app with features like draggable TP and SL levels and push notifications.
3. Can I choose my trading strategy with Reborn Forex?
Yes, Reborn offers different built-in strategies, including SL and TP Kill and Switch, and Martingale.
4. Where can I find independent testing of Reborn Forex?
Independent testing of Reborn Forex can be found on the forexroboteasy.com website.
In conclusion, Reborn Forex is a comprehensive trading robot that provides a variety of trading strategies and features. Its flexibility and adaptability make it a suitable choice for traders with different risk appetites and trading styles. Users are encouraged to share their experiences using this product. Remember, this is an independent product review and the text is written in the third person.
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