M5G Cyborg v1.3

[charlivia]

Hi,

Has anyone bought M5G Cyborg EA. I am thinking about buying it but there seems to be very little user information on the web. I would appreciate any knowlrdge about this ea before I buy as it is a bit pricey

[PipCop]

I have not heard of it. Do you have a link to the official site?

[charlivia]

Originally Posted by PipCop

I have not heard of it. Do you have a link to the official site?

Heres the link http://www.eu4x.com/

[PipCop]

I've sent them a request to see if they want to participate on PipCop.

[fxgrm]

Hello Pipcop:

Really like your site! I am the developer and one of the coders of the M5G Cyborg EA. Thank you for your request to test our robot. We will gladly submit a download for you to test right after we run it over the next week or two to make sure that the new NFA no-hedging and FIFO requirements doesn't present a problem that may require some code changes. We do not anticipate any problems since our EA does not employ a hedging strategy, but we do not want any surprises.

Thank you and your members again for the interest.
eu4x.com

[reinerh]

just looked through he statements and it appears to be martingale,
better be carefull with this baby

i tried forexplus in the past, it cost me dearly..................

[fxgrm]

Hello:

The Cyborg only uses a maximum of 2 limit orders using Strategy #3

Strategy #1 uses only 1 limit order and a SL of 100 pips.

True Martingales keep doubling down until in profit. Not Cyborg. It chooses its direction and only places 1 or 2 limit orders maximum to take advantage of the drawdown and also modifies the TP and SL so the trade can be exited earlier than the original TP of the primary order, and always back in the same direction of the trend as dtected by its internal indicators. If you go to the eu4x.com website you can see better how Strategy #1 works. With a TP of 30 and emergency SL of 100 pips it works quite well.

Also, most martingales typically place a long and short position at the same time and wait for retracements which can be a big problem as you know.

Also, the multiplier can be set to a value less than 2.

Hope this helps.

[reinerh]

Originally Posted by fxgrm

Hello:

The Cyborg only uses a maximum of 2 limit orders using Strategy #3

Strategy #1 uses only 1 limit order and a SL of 100 pips.

True Martingales keep doubling down until in profit. Not Cyborg. It chooses its direction and only places 1 or 2 limit orders maximum to take advantage of the drawdown and also modifies the TP and SL so the trade can be exited earlier than the original TP of the primary order, and always back in the same direction of the trend as dtected by its internal indicators. If you go to the eu4x.com website you can see better how Strategy #1 works. With a TP of 30 and emergency SL of 100 pips it works quite well.

Also, most martingales typically place a long and short position at the same time and wait for retracements which can be a big problem as you know.

Also, the multiplier can be set to a value less than 2.

Hope this helps.

hmm, thats interesting.

but it must hedge i would assume, that is a problem with that frickin new rule they just came out.

but i just got a mail from fxdd stating they will have a solution for that.

sure looking forward to the forward test here soon

[fxgrm]

Fortunately Cyborg does not use hedging. Still curious about the new FIFO rules. So I want to test EA on new IBFX demo starting on the 8th. when IBFX will start new platforms per new NFA rules.

[reinerh]

Originally Posted by fxgrm

Fortunately Cyborg does not use hedging. Still curious about the new FIFO rules. So I want to test EA on new IBFX demo starting on the 8th. when IBFX will start new platforms per new NFA rules.

hey thats cool, reading through the statements it appeared it did.

these new rules sure suck, i often opened one long one short till the trend was clear.

but i switched to fxcm uk so all is well

i am sure a lot of usa brokers will loose business.

thanks for clearing this up...............................