Forex Cyborg Review

The Forex Cyborg EA is a trading robot claiming to be “one of the most innovative multi-currency forex trading robots on the market and trade 18 currency pairs at once on 15-minute charts”. This Forex Cyborg review will focus on the robot’s trading strategy, the results of its backtest and its overall performance.

Forex Cyborg Overview

Forex Cyborg’s developer is wrapped in a mystery, as there is no information about them and the company location on the official page. Still, users can get in touch with customer support by filling a contact form.

Despite the mystery, at a glance, Forex Cyborg strikes as a solid trading robot that stands out with the support of 18 currency pairs. By contrast, on average most of the forex robots support only a few. Forex Cyborg trades on MetaTrader4 and its stands out as a forex robot suitable for traders with different level of experience.

Forex Cyborg Trading Strategy Review

As we mentioned, Forex Cyborg supports 18 currency pairs with 15-minute charts. The pairs included are AUD/CAD, AUD/USD, AUD/CHF, CAD/CHF, EUR/AUD, CHF/JPY, EUR/CAD, EUR/CHF, EUR/JPY, EUR/GBP, EUR/USD, GBP/CAD, GBP/AUD, GBP/USD, GBP/CHF, USD/JPY, USD/CHF, and USD/CAD.

Our review showed that Forex Cyborg provides you access to a fully automated system. Your involvement is minimal, as you will need only to set up parameters as lot size and risk level. Forex Cyborg activates trading between 18:30 and 23:30 GMT, and the exact hours depends on the type of currency pair.

Another feature appealing to both beginners and sophisticated traders is the broker-independence. As long as you have access to MT4, you can use the EA regardless of which brokerage your account is with. Additionally, there is no minimum leverage or trading account size.

When it comes to money management, Forex Cyborg has another ace in its digital sleeve. The software doesn’t use arbitrage, hedging or martingale systems which ensure a single loss will not cancel your profits. Another feature – “currency correlation risk manager” that helps you manage your risks levels.

Forex Cyborg Backtesting Review

Forex Cyborg includes 99% modelling quality to enables accurate testing. The backtesting includes strategy tester results with 0.1 fixed lots on a deposit of 1 000 USD from 2011 and 2019. Here are the profits it shows:

► AUD/CAD – 2 107 USD

► AUD/CHF – 1 487 USD

► AUD/NZD – 3 224 USD

► EUR/AUD – 3 928 USD

► EUR/USD – 2 600 USD

Forex Cyborg Profitability and Drawdown Review

The Forex Cyborg results observed are connected to its Darwinex account. They represent data from 2017 until 2020. The profit is 3.23% per month, while the drawdowns are between 10.68% and 26.17%. These numbers put Forex Cyborg in the list of low-risk EAs (high-risk EAs are considered the ones above 30% Max DD)

Forex Cyborg Conclusion

Forex Cyborg is a well designed, powerful EA that can bring you some profit in the long term. With less than 30% Max DD, this forex robot will answer beginner traders’ requirements as they tend to take fewer risks.

Pros

► Support 18 currency pairs

► A decade of experience (launched in 2011)

► Low-risk EA

Cons

► Difficult connection with the customer support

► Long recovery time