Sure! 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%.
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I hope I could answer all your questions. It not, feel free to contact us anytime!
Nice going so far. Seem like a lot of thought was put into the strategy; 1. No martingale 2. Trade during low volume/spread session 3. SL and TP on all trades 4. No more than two currencies open at one time 5. Stop loss is just for precaution but closed earlier in 99% cases 6. Used on any broker 8. Spread incorporated in testing 9. No Gridding 10. Risk offset by correlation
But I will watch it for another couple of months to do further analysis before making and educated decision to purchase a copy. I may be looking at the 14 pair version. I normally look for 6 months history before buying a such high price.
thank you for your comment. I will add some comments from my side to your points.
'Seem like a lot of thought was put into the strategy; ' Yes we did! Thank you for the compliment.
'1. No martingale 2. Trade during low volume/spread session 3. SL and TP on all trades' Yes all correct :)
'4. No more than two currencies open at one time ' That is not right. There can be more than two currencies be opened at the same time. But we have max. 1 position per currency pair at the same time and we have the 'currency correlation risk-manager', that can limit the max. open trades per currency. You can turn on/off this feature and change the max. number of concurrent trades. Per default this feature is enabled and the max. concurrent trades per currency is limit to 2 trades.
'5. Stop loss is just for precaution but closed earlier in 99% cases 6. Used on any broker' Yes right. The better the broker conditions are, the better the results. Ask us for broker recommendations, if you want.
'8. Spread incorporated in testing' Not only the spread. The commission too.
'9. No Gridding 10. Risk offset by correlation' Yes right :)
'But I will watch it for another couple of months to do further analysis before making and educated decision to purchase a copy. I may be looking at the 14 pair version. I normally look for 6 months history before buying a such high price. ' Sure take your time! We believe that Forex Cyborg is really worth that price and I hope we can sell it at the same price in the future, but I can't promise this.
thank you for your trust and that you want to give us a chance!
1.) All pairs of Forex Cyborg are optimized to the market conditions since 2011. We think that 6 years of backtests are enough to be able to pass almost every market situation. The reason why we put some backtests up from 2007 is, that Forex Cyborg performed on this pairs exactly as good as it performed up from 2011, without any changes / optimizations. Maybe it would also perform good in the years before 2007 too, but to be honest: We didn't even tested it. Maybe we will optimize every pair from 2007 in the future, but that takes a huge amount of time. I speak here about weeks of non stop backtesting to optimize all settings of all pairs. Currently we work on the next pair (the 15th pair) for the expert. All Gold/Premium user will get this update for free, as soon as it is available.
2.) No sorry we don't have any experience with this broker. We will add a second broker in a few days (Darwinex) to show that Forex Cyborg is running there great too. But we are sure Forex Cyborg is profitable on almost every broker, because we achieved a high expectancy with our trade logic (currently 5.0 pips). The most profitable scalpers achieve only 0.1-2.0 pips. That is why they are so broker sensitive. For example: If you would have a broker that charge 1.0 pips more per trade compared to FXPIG (because of a higher spread or more slippage), you would still have a expectancy of 4.0 pips per trade.
3.) Yes of course! You can set a magic no. in the settings. Forex Cyborg will only manage his own trades.
4.) Sure, no problem. You are absolutely free here.
5.) Yes right, we have a 30 days money back guarantee. If you don't want to keep Forex Cyborg activated, we will give you back your money. But I'm sure, you will keep it :-)
Forex Cyborg has a filter to avoid trading on days with strong movements / high volatility. That is (for example) the reason, why we had no trade from yesterday to today. Yesterday some strong movements appeared and Forex Cyborg skipped the trading session in this case to prevent big looses.
I hope I could answer your question.
Feel free to send me a PN or use the contact form on the website to ask me every you want to know.
The two main losses are unfortunate, as it seems your EA 1st got it right, and decided to not close in profit, and then the significant reversal took place with both hitting the SL. Guess it thought it was going to squeeze more profit out of the trades, but would have hoped that when things started to go wrong that it would have gotten out with a small profit, or at least closer to break even instead of hitting the SL. Fingers crossed for better trades going forward.
Anything you see in your EA that might require updating to account for this scenario? I see that it work off predefined settings for the pairs.... was it working of historical norms for the currency?
Forex Cyborg works as expected. The exit rules are complex and have a point system that take into calculation many factors, like the last movements, the current spread, time time the trade is already open, some indicator datas and many more. Based on this factors it calculate a value and decide to close a trade or let it run. Based on the historical tests, we expect a max. DD of 20% on this account. So I see no problem here currently. We always work on the entry + exit rules and for sure we will update Forex Cyborg in the future here and there, but overall we are happy with the performance.
Feel free to contact us directly on our website if you have more questions.
I already bought your product and i have a few questions can you help me please, i ask them here cause the answers could help me but also everyone at the same time.
1) This one is not a question but it's just to tell you that you made a rather big mistake on your website for the EURAUD and your GBPAUD pairs, you tell us that you deposited 1000$ but when i look at the backtest i see that in reality you deposited 100$.
2) On your website, on this page https://forexcyborg.com/results/Portfolio.htm , i know that this isn't a backtest done on one account and containing the 14 pairs during the backtest, you just took the individual backtests and just gathered them using quant analyser, but the thing that i want to tell you is i notice that on the results below there is the details for each pairs, the numbers of trades and the net profit in $ are the same than the ones on the backtests. The questions that i want to ask you is why the drawdown are not the same as the one on the backtests? For exemple look on Quant Analyser for EURAUD the drawdown is 51.98% but on the individual backtest that you did for EURAUD the relative drawdown was 49.87%. Also on Quant Analyser page, for USDCHF the drawdown is 19.15% but on the individual backtest that you did for USDCHF the relative drawdown was 26.62%. Can you explain please why the drawdown are not the same?
3) My last question is about your currenccy correlation manager. In theory it is suppossed to give better results if you activate it than if you dont activate it right? That is the theory. My question is: How did you backtested your Currency Correlation Manager? I guess you didn't backtested it right? cause metatrader 4 is not able to do a backtest on multiple pairs at the same time. So if you can't backtest the Currency Correlation Manager you are obliged to look at the results on a live trading acccount and compare with another live trading account in which the Currency Correlation Manager is not activated. Did you do that? If you didn't do that how could you be sure if the Currency Correlation Manager is degrading or improving the results?
1.) Right, we will change it. But it will not effect the performance at all.
2.) The portfolio is generated by QuantAnalyzer a 3rd party tool. You can test it yourself: Just download all backtests from the website and put it into the tool. I can't explain you why QuantAnalyzer shows a different drawdown. I trust in the single backtests based on the strategy tester + TDS 2 (with dukascopy tick data)
3.) The currency correlation manager is risk control instrument to limit the overall risk on trendy markets. Turning it off will produce more risk. That can lead to more gains, but also to higher drawdowns in one trading session. Due to the limitations of the strategy tester, we are limited to one pair per back test. So we can not test all pairs at once. So you are right: The currency correlation manager can not be backtested.
If you are using a strategy that gave poor results each year for the past 6 years then the probability for it to give bad results on the coming year is higher than average. If a strategy gave good results for the past 10 years, the probability for it to give good results on the coming year is high.
Forex is all about probabilities. No one know the futur, when someone enter the market it's all about probabilities of winning more money than what you lose.
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.