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REVIEWS
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FPA Review Moderation Team, USA
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No Rating
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| Date of Post: | 2009-05-13
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Review:
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We haven't tried the M5G Cyborg or Cyborg Collective EAs from EU4X.com. If you've let this software trade your forex account for you, please leave a review here.
Update: The FPA has begun a performance tests of these EAs on demo accounts.
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bearnakedbull, Canada
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| Date of Post: | 2010-01-12
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Review:
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I was not impressed when they sent me email regarding the new EA, Cyborg Collective, so I told them I thought they should have fixed version 1.38 because it was not performing well, and so they sent me email telling me that they had no record of my purchase. This was a polite way of telling me that I was no longer on the mailing list and that for certain I would not being getting any further updates. I sent them proof of two license purchases and they remained silent.
I have seen this before with ForexBarometer. This is something that a unscrupulous vendor can do so beware. Really, they have all but abandoned 1.38 but they tell you that you get a great reduced price because you already purchased, I will add wasted, your money on a robot that does not work, from them. Shame on them. |
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Willem K, South Africa
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| Date of Post: | 2009-12-16
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I've been running this EA on a live account (Fxpro.com) started in Aug 2009 with $1 000.00. Already I've doubled my account trading only the EUR$ & GBP$ using the updated settings (from the developer) sent to me.
Only one issue: I try to close the open trades before 22H00GMT and don't keep trades overnight. I've tried to keep trades overnight but then the loss is too great. Rather lose a few pips than the sum of the two trades. |
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Patrick, Columbus Ohio
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| Date of Post: | 2009-08-12
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I think this EA has real potential, it has been trading fine. Although it did suffer some bad trades (3 in a row which is unlike its past history), the developer responded quickly stating that broker issues may be to blame. I suggested that the multiplier should be set to 1 instead of 2 (doubling up after a losing trade) with risk set 50% higher from 2% to 3.5%. Percentage of wins is good so blow out the account with a 2 multipler? |
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DK, USA
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| Date of Post: | 2009-07-15
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Review:
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Terrible/Poor Performance on live account using developers recommended and low risk settings on EURUSD. Consecutive/Multiple 100+ pip losses in July '09 with a few/small wins equals huge drawdowns/equity losses.
See developers own live statements in July '09 for proof. |
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Fx-razor2, South Africa
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| Date of Post: | 2009-05-23
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I have been using this ea for about 6 months on live account and this is almost too good to be true!! This ea makes almost perfect trades and if you watch the calender and do not trade it when news comes out you can really be a successful trader!! The owner has a few strategies on his web site and keeps on working on the strategies. I use strategy 3. I get almost the exact trades on my live account as the owner on his web site. My broker is Forex.com. You can get the ea cheaper at another web site, but I am not sure if I am allowed to post the link here. Trade it on 3% risk and you will definitely make money - you will easily average at least 10% a month!
There is no money back guarantee with this ea, but believe me you will not need it. This is one of my best ea's and rock solid!! You can trust it!! |
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Todd, USA
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| Date of Post: | 2009-05-22
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Ive been running this for a little while and it performs very good so far. 1-2 trades during its window per day. Customer support is great and Glenn really works with you to get it set up correclty and on going tweaks. A real stand out in a sea of junk in this market. |
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Disclaimer and Risk Warning. Please read.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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