Forex Germany

Expert Advisors - Forex Cyborg

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
max min Ø max min Ø 95% 99%
All 32,920.40 26,281.68 29,522.93 15.77% 0.21% 1.11% 3.90% 7.54%
AUDCAD 5,771.60 3,859.92 4,772.18 9.69% 0.33% 1.51% 3.33% 4.48%
AUDCHF 1,864.05 -504.30 706.33 79.33% 2.72% 13.66% 25.14% 33.93%
AUDUSD 2,155.54 92.16 1,102.01 29.00% 1.54% 6.88% 11.99% 15.49%
CADCHF 1,064.14 -124.66 546.72 34.00% 1.78% 6.72% 11.84% 15.63%
EURAUD 5,884.12 3,391.72 4,680.79 15.23% 0.55% 2.61% 5.78% 8.70%
EURCAD 3,684.68 1,543.58 2,774.11 24.09% 0.89% 4.65% 9.08% 12.02%
EURCHF 2,113.40 729.16 1,398.52 12.83% 0.84% 2.96% 5.05% 6.41%
EURGBP 1,573.34 903.95 1,261.43 2.11% 0.19% 0.56% 0.90% 1.15%
EURUSD 2,369.05 514.01 1,510.99 23.05% 1.26% 4.75% 8.33% 10.77%
GBPAUD 5,371.24 2,927.04 4,151.86 18.35% 0.71% 3.03% 6.49% 8.56%
GBPCAD 2,899.12 1,361.92 2,156.48 12.09% 0.66% 2.39% 4.49% 5.80%
GBPUSD 2,820.78 633.10 1,858.72 22.79% 1.10% 4.92% 8.93% 11.64%
USDCAD 2,008.51 608.43 1,312.09 16.58% 1.16% 3.83% 6.56% 8.33%
USDCHF 2,007.30 492.08 1,246.94 16.83% 1.07% 4.01% 6.89% 8.86%

Trading strategy

Scalper

Currency pairs

AUDCAD, AUDCHF, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, USDCAD, USDCHF, USDJPY

Chart

M15

Trading hours

Pre-Asian/Asian Session
18:30 - 23:30 GMT

Price

Gold EUR 499.99 | Premium EUR 599.99
Payment through SendOwl

Return policy

The developers grant an unrestricted right to return within 30 days of purchase.

Licence

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.

Manual

A 15-pages manual explains the installation and set up of Forex Cyborg as well as the input parameters.

Links

Forex Cyborg Homepage

Buy Forex Cyborg Gold edition

Buy Forex Cyborg Premium edition

Live Performance

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.




Backtesting

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

Forex Cyborg - Backtesting AUDCAD 2009 - 2017


AUDCHF, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting AUDCHF 2009 - 2017


AUDUSD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting AUDUSD 2009 - 2017


CADCHF, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting CADCHF 2009 - 2017


EURAUD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting EURAUD 2009 - 2017


EURCAD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting EURCAD 2009 - 2017


EURCHF, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting EURCHF 2009 - 2017


EURGBP, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting EURGBP 2009 - 2017


EURUSD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting EURUSD 2009 - 2017


GBPAUD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting GBPAUD 2009 - 2017


GBPCAD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting GBPCAD 2009 - 2017


GBPUSD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting GBPUSD 2009 - 2017


USDCAD, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting USDCAD 2009 - 2017


USDCHF, spread: Dukascopy live spreads, lots: 0.10

Forex Cyborg - Backtesting USDCHF 2009 - 2017
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