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M5G Cyborg Demo Account Stopped test

by EU4X.com
• Site closed
+1.31% WEEKLY · 13.1 weeks
Average Pips per Week:
+29 (Gross Pips: +374)
Average P/L per Week:
+1.31% (Gross P/L: +18.59%)
Maximum Equity used:
0.28% (Feb 22, 2010, 1:40:00 PM)
Test started:
Nov 22, 2009
Test Stopped:
Feb 22, 2010 (Tested 13.1 weeks)
Metatrader Expert Advisor
Abandoned Test

01-18-2010 The life span of the original M5G Cyborg EA has come to an end and it is replaced now by the new Cyborg Collective robot. Therefore this test is stopped, please see Performance Test of Cyborg Collective EA here >>
11.22.09 Our Test of M5G Cyborg started with Alpari UK, continued with Forex UK and now is back to Alpari UK.
Old test statements are available in drop-down menu right above the current statement. While first test performance was less than impressive, we soon learned that much better results can be obtained if one regularly updates settings following the recommendations of EU4X.com team. The second Test with Forex.com UK spanned for 3 months (life of demo account) with a great 68.5% equity growth! Way to go EU4X, let's see if we can keep it up on the non-expiring Alpari UK demo. We also thought that it would be fun to have account starting balance equal that we ended up with at the previous test.

--- Old Test Log ---
10.03.09 Trading time is updated to reflect DTS shift.

09.15.09 We are updating the following settings according to M5G Cyborg team recommendations: TakeProfit=25 -> 20; Grid=45 -> 40; StopLoss=90 -> 75

08.26.09 As per M5G Cyborg team advice AUDUSD and CADUSD are dropped from the test and risk settings doubled on remaining 2 pairs.

08.11.09 New test is set it up now with a broker recommended by M5G Cyborg team.

Robot was successfully trading on demo account 05.20.09 through 08.11.09 having its ups and downs, the statement can be found in drop-down menu along with the current one.
It seems interesting to test this robot now with the "recommended" broker and see how this affects the performance.
New strategy (version 1.3.8) is installed on EURUSD, GBPUSD, AUDUSD, and USDCAD M5 charts (now 4 pairs, as opposed to 2 pairs before). We'd like to thank M5G team for continuous support of their product.

---- Old Test Log ----
07.19.2009 M5G team sent the new set or parameters. Most significant change is the trading time: TradeStart=1605 TradeStop=1800, other changes include: BrokerIsIBFX=1 (our broker is Alpari UK), TakeProfit=28, Slippage=5, Multiplier=1.5, MaxLevel=2, StopLoss=100. We appreciate this update and wish M5G good luck.

05.26.2009 GMT offset corrected.

05.20.2009 eu4x.com site we obtained our version of the robot states that Cyborg was intended to assist in manual trading, therefore it's advisable to manually close open orders before the London session opening and also turn off the software during "Big News" days. Unfortunately we aren't able to keep such a close attention to the robot and going to let it trade completely on autopilot.
Robot is installed on recommended EURUSD, GBPUSD M5 charts with Strategy 3 set of parameters. Additionally GMT offset and Trading Hours are adjusted to Alpari UK and PST Server Time correspondingly. TradeSizePercent = 1%, account leverage 1:100.