Forex Cyborg is a scalper that trades up to 18 currency pairs from the pre-Asian session to the end of the Asian session.
Forex cyborg automatically avoids trading on days with higher than usual volatility and focuses on short term reversals in this rather quiet market environment.
The EA secures open trades by placing external stop loss and take profit limits when the trade is opened. Those limits are internally monitored and adjusted whereby positions are usually closed before the external limits are reached.
Forex Cyborg opens just one trade per currency pair and comes with an innovative risk management that restricts the number of open positions of correlating pairs. As a consequence - provided that default settings are used - it is impossible for the EA to have more than two short or long positions in one and the same currency open at the same time, e.g. if the EA is short in AUDCAD and AUDCHF it cannot be short in AUDUSD or long in EURAUD until one of the open trades is closed.
The money management offers the option to trade with a fixed lot size as well as a risk per trade either calculated on the free margin or the account balance. The actual trading parameters are manages internally whereby the user can choose between normal and conservative settings.
Based on the backtests, Forex Cyborg reaches a risk-reward-ratio of about 1.5:1 which - combined with a hit ratio of above 75% - can be considered a very good value for a scalper. However, it should be noted that backtests tend to show exaggerated positive results for scalpers which usually cannot be achieved in live trading.
It should be noted that the live account of the developers boasts a significantly better risk-reward-ratio of about 1:1.3. It remains to be seen if this impressive ratio can be maintained on a medium to long-term basis.
A Monte-Carlo-Simulation, based on backtests (2009-2017), with a lot size of 0.10, a starting balance of EUR 1,000 and 100,000 iterations, shows the following results regarding expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.
|Pair||Profit||Drawdown||Value at Risk|
AUDCAD, AUDCHF, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, USDCAD, USDCHF, USDJPY
18:30 - 23:30 GMT
Gold EUR 499.99 | Premium EUR 599.99
Payment through SendOwl
The developers grant an unrestricted right to return within 30 days of purchase.
The licence is valid for one (Basis and Gold edition) or three (Standard and Premium edition) live account and an unlimited number of demo accounts and includes support and updates. The accounts have to be registered with support for activation.
A 15-pages manual explains the installation and set up of Forex Cyborg as well as the input parameters.
The performance of Forex Cyborg is demonstrated, as follows, on an exclusive Global Prime live account as well as on a live account of the developers.
Forex Cyborg backtests for the period 2009 - 2017 are shown below. The backtests were run using Dukascopy live spreads which are known to be on par with other brokers.
AUDCAD, spread: Dukascopy live spreads, lots: 0.10
AUDCHF, spread: Dukascopy live spreads, lots: 0.10
AUDUSD, spread: Dukascopy live spreads, lots: 0.10
CADCHF, spread: Dukascopy live spreads, lots: 0.10
EURAUD, spread: Dukascopy live spreads, lots: 0.10
EURCAD, spread: Dukascopy live spreads, lots: 0.10
EURCHF, spread: Dukascopy live spreads, lots: 0.10
EURGBP, spread: Dukascopy live spreads, lots: 0.10
EURUSD, spread: Dukascopy live spreads, lots: 0.10
GBPAUD, spread: Dukascopy live spreads, lots: 0.10
GBPCAD, spread: Dukascopy live spreads, lots: 0.10
GBPUSD, spread: Dukascopy live spreads, lots: 0.10
USDCAD, spread: Dukascopy live spreads, lots: 0.10
USDCHF, spread: Dukascopy live spreads, lots: 0.10
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