Forex Cyborg Review
The Forex Cyborg EA is a solid trading robot that offers automated forex trading for MetaTrader 4. Our Forex Cyborg review team found that this program has proven its abilities over the last decade of use, as well as with the backtesting data available on its website.
Forex Cyborg stands out from other forex trading robots due to its support for 18 currencies. By contrast, most only support a handful. This difference makes Forex Cyborg one of the best forex robots for those who want to work with a range of currency pairs.
Following a strict review process, our expert team can confidently recommend Forex Cyborg to traders of all skill levels who want to take advantage of automated forex trading. Read our Forex Cyborg review and then purchase one of their packages to enhance your trading performance today.
Pros
Supports 18 currency pairs- Over a decade of experience
- Two package options
- Lifetime software updates and support
Supports 18 currency pairsCons
- Lifetime software updates and support
Lifetime software updates and supportForex Cyborg trading strategy
Forex Cyborg trading strategyOur review of Forex Cyborg found that the robot supports 18 currency pairs with 15-minute charts. It works with the MetaTrader 4 platform. As this is the most popular of the forex trading platforms, MT4 should be familiar for most traders and most brokers support it.
Using Forex Cyborg provides you access to a fully automated system without any need for manual trading. As such, there are minimal parameters to set, just the lot size and the risk level. Dedicated support is available 24/7, ready to answer questions and provide assistance.
The 18 currency pairs include 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.
Trading on Forex Cyborg automatically occurs between 18:30 and 23:30 GMT. The exact hours depend on your currency pair.
To appeal to everyone, Forex Cyborg has no minimum leverage or trading account size. Additionally, there are no limitations as to the broker you use or the account type. If you have access to MT4, you can use Forex Cyborg.
The forex robot in Forex Cyborg not only engages in forex trading but also includes sensible money management. This feature helps ensure that a single loss will not cancel out your gains. Sensible strategies include the software never using arbitrage, hedging, or martingale.
It also features a “currency correlation risk manager” that assists with managing risk. You can also set up the Forex Cyborg forex robot to meet your preferences, with presets for “Normal” and “Conservative.”
Forex Cyborg backtesting data
Forex Cyborg backtesting dataTo ensure accurate backtesting, Forex Cyborg includes real tick testing with 99% modelling quality, real spreads, real slippage, and included trading commissions. The relevant backtesting data includes:
- Strategy Tester Results with 0.1 fixed lots on a deposit of $1,000 from 2011 to 2019 saw a profit of $2,107 for AUD/CAD, $1,487 for AUD/CHF, $3,224 for AUD/NZD, $3,928 for EUR/AUD, and $2,600 for EUR/USD.
- Strategy Tester Results with 8% fixed risk with the same deposit size and dates saw a profit of $23,104 on AUD/CAD, $27,230 on AUD/NZD, $113,071 on EUR/AUD, and $15,973 on EUR/USD.
Forex Cyborg plans and prices
Forex Cyborg plans and pricesTwo packages are available. Both have one-time fees that are around average for pricing. As there is just a single fee, Forex Cyborg Forex robot can save you money over time compared to robots that are based on subscription plans.
Both plans include lifetime-dedicated support, lifetime software updates, and access to the 18 currency pairs. The Gold package is 499.99 Dollars and has one real license with unlimited demo licenses. The Premium package is 599.99 Dollars and allows for three real licenses.
Some competitors offer longer money-back guarantees. However, the fact that there is such a guarantee for the Forex Cyborg forex robot puts it ahead of many other automated forex trading robots and provides confidence for potential clients.
Who should use Forex Cyborg?
Who should use Forex Cyborg?Anyone interested in automated forex trading software is likely to appreciate Forex Cyborg. The lack of minimum deposit and support for MT4 helps its appeal, especially for beginners. As a forex robot, the software is more likely to appeal to those who take a hands-off approach to their forex trading.
A large number of supported currency pairs help Forex Cyborg appeal to those who prefer to diversify their portfolios instead of just sticking to the few currency pairs most EAs support.
Forex Cyborg download and setup
Forex Cyborg download and setupYou should be able to download and set up Forex Cyborg EA in a matter of minutes. Once you pay for software, you will receive a link to download it in your email. Click on the instant download link and let the program download and install, following the on-screen instructions from the download wizard.
From there, you can set up Forex Cyborg on MetaTrader 4 in minutes. Start by moving the Forex Cyborg (ex4) file to the appropriate MetaTrader 4 folder. Find the relevant folder to move the file into by going to your MT4 terminal and choosing “open data folder.” Navigate to “MQL4” and then “experts,” placing the Forex Cyborg (ex4) file into the folder. Now when you open MT4 and visit the expert advisors drop-down menu, Forex Cyborg will appear.
Forex Cyborg system components
When you purchase Forex Cyborg, you receive the robot itself as well as a clear set of instructions to help you set up and use the robot.
Forex Cyborg mobile compatibility
Forex Cyborg mobile compatibilityThere is no mobile application for Forex Cyborg, but it should work fine for mobile traders due to its compatibility with MT4. The initial setup has to be on your desktop. Then, you can access MetaTrader 4 via the mobile application to see the trades and potential profits Forex Cyborg has completed for you.
Forex Cyborg – Our verdict
Forex Cyborg – Our verdictAfter a deep dive into the Forex Cyborg forex robot, our review team can confidently recommend this program for those in search of automated trading. The program is likely to pay for itself within a tolerable period. It should also maximize your profits in the long run, especially given its lifetime updates and lifetime support.
Forex Cyborg stands out from other competitors with its support for 18 currency pairs. In addition, its backtesting inspires confidence.
No matter which of the top forex brokers you trade with, consider purchasing Forex Cyborg to enhance your trading with a convenient robot advisor.
Frequently asked questions (FAQs)
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