Advanced Currency Strength28 Indicator is another program with both upsides and downsides. It’s hard to pinpoint the exact stand with this robot as it cuts both ways. A brainchild if Bernhard Schweigert, the platform is sold on the MQL5 platform. Bernhard is also the sole proprietor of the website currencystrength28.com. It seems the entire brand is also under the Forex28.Traders network. The developer wants to help traders achieve their trading goals and potential. It’s easier said than done. Read this entire ACS28 for more.
About Advanced Currency Strength28 Indicator
At the end of the day, Bernhard wants to provide high-quality services at an affordable price. The indicator’s main objective is to provide traders with statistics of 28 different currencies. With the developer providing 28 forex pairs on the same charts, we can finally test his indicators. When it comes to indicators, accuracy is of utmost importance. The indicators have to be delivered on time to help investors make fast and wise decisions. Otherwise, the developer would be slow at sending the signals at a hefty price to users.
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Advanced Currency Strength28 Indicator is on a different level. Most pundits are divided on whether to recommend the platform. On one side, it offers a more detailed approach to trading. The other side of the coin shows the platform is a little more complicated than most indicators. And this is where the problem lies as these extreme features favor some users over the other. For those who are willing to learn and have trading experience, it’s the right indicator. The traders who are new and are having a hard time grasping the terms should stay away.
Advanced Currency Strength28 Indicator license and registration
Advanced Currency Strength28 Indicator is far from being a licensed entity in any jurisdiction. We could not find any regulator who has given the platform the green light. And this shows the extent to which users are risking when using the platform. It would be best if the developer applied for a license. In the meantime, they would have indicated their license status to users. Investors are now using a platform that has no permit from regulators. The risk is on anyone who rents the indicator.
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With an unregulated online investment platform, there are huge risks involved. The vendor is offshore and can’t be tracked down. Even his MQL5 platform does not show him responding to any emails. And this is the reason why we have also to fail to recommend the use of the platform. Lack of a valid license will put you at risk as the vendor might close the shop at any given moment. These are some of the reasons why a good indicator does not take off in the market. Regulation is crucial to ensure a platform’s growth.
Assets and trading instruments enveloped by the platform
With a complete trading strategy to follow, it makes it easier to use the indicators. Most users will note that the basis of the strategy is to exploit currency strengths and weaknesses. Once this is done, the indicator can create viable trading opportunities for traders. The developer strongly believes that his approach is the best when it comes to online trading. Multiple charts try and explain his approach to the MQL5 trading platform. There are 28 currency pairs from major, minor, and exotic pairs.
Business owner’s trading history
Bernhard is a forex trader who claims to be located in Morocco. We don’t see any profile picture on any of his websites. When we searched for his profile using social media pages, we couldn’t get a hold of his true identity. It seems that the vendor has other products such as Forex Academy on Facebook. Apart from his name on MQL5, there is no image to associate the name. And this leaves us in discomfort as it seems he has no social media presence. Such a vendor can be seen as anonymous, which can be read as a negative sign.
There are no comments in regards to his platform on trading forums. The only comments we saw are on his MQL5 platform, which seems to praise the indicators. There are over 400 reviews on his page and over 900 comments. With the first batch of comments hailing the platform, it seems these traders got the idea. We still can’t figure out why a platform with positive feedback has no valid owner. With the positive comments, Bernhard should have shown his face by now. Is there anything he’s hiding from members?
Trading is nothing without the right tools. It is the motto we see right under his MQL5 trading profile. The vendor claims to be in Morocco while he claims his products are aligned in Germany. He claims to have started the trading business back in 2005, which means he has a ton of experience. The full profile does not match his credentials; as such, a vendor would have their own website. His website is poorly designed, and we believe this could be a scam artist trying to go legit.
Features of Advanced Currency Strength28 Indicator
With the indicator going for $78, it seems fair for most investors to want to sign up. The price is fair, and the vendor offers 28 currency pairs. All timeframes are available on the platform as well as the currency strength indicator. One can’t purchase the indicator as the developer insists that it’s only for rent. And this raises more questions as to the vulnerability users to get into when using the platform. Our preference is to own a system, and the last update was well over two years ago. The last update on the software was October 21, 2018.
Obstacles and opportunities with Advanced Currency Strength28 Indicator
Advanced Currency Strength28 Indicator is selling at $95 for one year. For those who want to rent the app for three months, the rate is $68. As earlier mentioned, we don’t see why the vendor fails to give up ownership fully. The rental part of the platform is a bit discerning, considering that the indicators might not work. There are instances where the user might want their funds back. Does the developer cover this with money-back guarantee features? We highly doubt it.
Contact and support from staff
How does a member make contact with the developer or support team? It beats us as the comment sections don’t have any response from Bernhard. The vendor should be more transparent with his dealings with members. One of the negative comments we saw was in regards to the slow response time. Bernhard should work on it to improve the efficiency and speed of communication.
Results and trading performance of Advanced Currency Strength28 Indicator
The indicator does not provide users with any valuable trading results. What we get is a trading statement that shows the indicator is viable for long term prospects. Another problem is that the videos on the MQL5 platform don’t reveal whether the indicator is accurate. And this is another problem that must be addressed. Without a third party verifying the results, what the vendor shows us is inconsequential. The vendor should leave their trading performance on sites such as FX Blue and myfxbook.
Scam or Legit Advanced Currency Strength28 Indicator
Advanced Currency Strength28 Indicator is a platform that has numerous advantages and disadvantages. The indicators work for some people as opposed to others. With no real trading performance, we are on the fence with this one.
We won’t recommend the indicator unless the developer comes with concrete proof of concept.
Make the bold decision and sign up with reliable forex trading robots. These robots protect your interest and offer a more valuable form of trading.
We wish all our readers a prosperous and safe trading experience.