In this post I will be reviewing the Forex Cyborg fully automated trading system. This is a unique forex robot that took many years of development and went through rigorous development and testing. In my opinion, it is one of the most innovative multi-currency forex trading robots on the market!
Forex Cyborg is ready to use straight out of the box with the default settings although you may wish to adjust the risk. The more experienced traders may want to experiment with optimizations to create their own bespoke settings. That being said, I know the developer has put many years of hard work into getting Forex Cyborg to where it is today.
In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
In this Forex Cyborg review we will take a look the trading strategy that it uses along with the backtests and most importantly, any verified results. Hopefully this will help you to decide if the Forex Cyborg EA is something that you would consider using on your forex trading account.
Forex Cyborg EA Trading Strategy
Forex Cyborg runs in the free to download MetaTrader 4 trading platform. It is very easy to get setup in just a couple of minutes using the provided instruction manual. It doesn’t matter if you are a beginner forex trader or a pro, you can use Forex Cyborg on your trading account.
The Forex Cyborg EA incorporates a combination of unique features including neural networks and deep learning which help to ensure that it can try and adapt to current market conditions. All trading conditions are built within the very long & complex Forex Cyborg trading algorithm. As mentioned previously, it is ready to use as is although those of you who have more experience may wish to experiment with the settings.
Some of the features incorporated in Forex Cyborg I have not seen used in other forex robots, specifically the currency pair correlation money management strategy. It incorporates neural networks and deep learning, running on your MetaTrader 4 trading platform placing, managing & closing trades.
Forex Cyborg uses built in money management which you can customise according to your individual needs. There is no martingale, no hedging & no arbitrage. The revolutionary new “currency correlation risk-manager” can be used to avoid multiple duplicate trades on similar currency pair movements.
Two different preset-types are build-in in the EA. You can choose between the “Normal” and the “Conservative”-set. The Forex Cyborg robot trades primarily in the evening GMT depending on the chosen pair. I would personally always use an ECN forex broker with Cyborg or any other forex robot as I find that they tend to have some of the best trading conditions which includes tight spreads and reliable execution speeds.
IC Markets are one of my top forex brokers for running automated forex trading robots. This is because they are an ECN broker with lots of liquidity which means that you can trade with tight spreads, low commission fees and rapid trade execution speeds at the best available prices.
Forex Cyborg EA Back Testing
There are multiple currency pair back tests on the Forex Cyborg website that have been conducted using Birts TDS with real tick data, variable spreads and commissions. This gives the most accurate back tests possible in the MT4 strategy tester. These back tests show that Forex Cyborg EA has an impressive historical performance across various FX currency pairs and differing market conditions. The fact that the Forex Cyborg EA has 99% modelling quality, shows me that the developer knows what they are doing. Too many forex robots have poor quality backtests that do not accounts for spreads or commission fees, two things that can have a huge impact on results of any manual or automated trading strategy.
Forex Cyborg EA Live Results
It is good to see that the developer has provided us with a Myfxbook verified account where we can see the latest Forex Cyborg EA results. This can be a good way for you to get an idea of how the robot trades and analyse the latest statistics. Up to date results are one of the most important things too look for when choosing a suitable forex robot. Without them, we wouldn’t have any idea of how good or bad a system has been performing in the current market conditions which are constantly evolving. I think that the Forex Cyborg EA has been doing reasonably well, although perhaps they could work on trying to reduce the drawdown. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Cyborg EA Summary
The developer has put a lot of effort in to Forex Cyborg EA and continues to do so, offering great customer support to ensure that this forex robot stays relevant. It has been one of the stand out automated trading systems for me over the years. With so many forex robots coming and going, it is nice to see one stick around. All credit must go to the dedication the developer has shown.
Forex Cyborg can be traded on multiple currency pairs with the default settings. You may want to adjust the lot size or risk per trade to a level that is suitable for your risk preferences.
The developer has made all of the Forex Cyborg Robot settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
Forex Cyborg is suitable for both novice & advanced forex traders with easy to follow setup instructions included, full support, lifetime updates & a money back guarantee. Click the link below to visit the Forex Cyborg website for more information.
Forex Cyborg EA
$299
Pros
- Customisable Settings
- Multiple Currency Pairs
- Any Forex Broker
- Versatile Forex Robot
- Fully Automated
- Full Support
- Detailed Instructions
- Free Updates
- Money Back Guarantee
Cons
- MetaTrader 4 Only
- Work Better With Low Spreads
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
