2022-05-12 ForexCyborg Real Test abandoned. Balance was all withdrawn without notifying the FPA. 2017-07-13 ForexCyborg Real Test started with help of Investor Access on an account of FXPig.com
Description from product owner: Forex Cyborg is a very complex and innovative trading robot we developed in the past 2 years. Forex Cyborg is a multicurrency (pre-)asian scalper that trade 14 currency pairs at the same time. It start trading at the end of the american and start of pacific trading session when market players close their positions and short-term trend reversal occurs. It trade between 18:30-23:30 GMT. It use 5 different exit logics to find the best exit point. Forex Cyborg use TP and SL (50 - 120 pips depending on the chosen pair) but will close more than 99% of the trades earlier. It will reach this targets only in unusual market conditions and is there as a insureance to limit the risk and make it calculable. Forex Cyborg does not use any risky technique like grid or martingale. It open max. 1 position per currency pair. The achilles heel of every multicurrency asian scalper is, that they open multiple positions of the same currency in different currency pairs and upper the risk in case of a strong trend. Sometimes up to 4-6 positions at the same time. We are proud to deliver a solution for this problem with our innovative 'currency correlation risk-manager'. It scans the open positions and block multiple positions of the same pair. Per default Forex Cyborg allow max. 2 positions of the same pair (it can be changed in the parameters). A small example to explain it: If Forex Cyborg already opened a EURCAD - sell and a CADCHF - buy, than it will block USDCAD - sell or GBPCAD - sell, until one of the two opened order are closed. GBPCAD - buy would be possible in this case. Another interesting fact about Forex Cyborg can be found in the stats of the live account (and in the backtests). We managed to archive a greater average win (pips) compared to the average loss (pips), while we have a winning rate over 75%.
The FPA appreciates ForexCyborg.com sharing their EA performance on a LIVE account with ForexPeaceArmy.com traders community!
Please address ALL questions regarding the settings of this EA to ForexCyborg.com support. The FPA is monitoring this EA using the investor password and has no access to the settings being used.