The M5 Cyborg EA

fxgrm · #1 (**permalink**) 05-24-2008, 06:02 PM

I would like to submit my M5 Cyborg EA for evaluation. I will only be giving out a limited number of demo versions for all the obvious reasons.

We currently have enough Demo testers. If we need more we will post the request here.

This EA is based on a manual trading strategy that I have been using for a few months now. I have lost too much money trading Martingales, Grid Traders, and longer term trend based systems based on RSI's, MA's, etc.

You may remember that I started the "Bless FifthE Looks Promising" thread quite a few months ago, and while that EA was one of the best coded Martingales I have ever seen, it eventually hit the wall hard!

I feel strongly that due to increasing market volatilty that trades should be placed using shorter time frames and indicators. Even holding positions overnight should be avoided.

Also, WHEN you trade is just as important as why you trade. Staying out of the market is a trading strategy too, and can be a very profitable move in the end. A Time Filter system is used in this EA that will let the user fine tune the Trading Window and increases the profitabilty of this EA dramatically.

I coded the very first version of this EA myself, and it only had one input for lot size at that time. Even so it was profitable. Since then I have hired a very professional programmer to add all the other features that have made this EA even more versatile.

I am currently trading this EA in my small live account and also doing forward testing. Backtesting was only used to check settings for lot size, mm, etc.

For those of you who ask the same old question "If this EA is so good, why is he selling it?" Let me ask you, why are you here? "To Make Money" right? Enough said.

There are others that I will invite to post here with their results who are currently trading this EA live, or in their demo accounts.

I have attached a demo statement that represents a Risk setting of just 1% if using the Money Management inputs.

NOTE: The TP on the eurgbp should have been set to 5 pips, not 10 since the pip value is double that of other pairs. If that were the case it would have been closed out in profit for the week also.

Cheers,

fxgrm

Moderators: If there is anything posted here that violates your rules for this section please delete it.

Big Joe · #2 (**permalink**) 05-24-2008, 07:34 PM

I'm totally agree with you.

arsenic786 · #3 (**permalink**) 05-24-2008, 08:24 PM

Hello, thanks for the sharing.

Please give me a demo version. I will thankfully to you!

Thanks again.

STiC · #4 (**permalink**) 05-24-2008, 10:04 PM

OK I PM you to have a demo to be able to test it ! thanks

STEX · #5 (**permalink**) 05-25-2008, 06:26 AM

hi! very nice thread! can I also have a demo version of this EA?

fxgrm · #6 (**permalink**) 05-25-2008, 01:19 PM

For those who requested Demos for evaluation, they should be sent out by tomorrow.

fxgrm · #7 (**permalink**) 05-25-2008, 03:42 PM

If we decide to add more Demo Testers we will post the request here at a later time.

Thanks for the quick response.

Remember to read the instructions and suggestions on settings, pairs, etc. at the Cyborg Website.

stace · #8 (**permalink**) 05-25-2008, 07:00 PM

Me also wanna test

Berkis · #9 (**permalink**) 05-26-2008, 08:17 AM

I want to test too

fxgrm · #10 (**permalink**) 05-26-2008, 12:58 PM

I will not be turning the Cyborg EA on today since it is a Holiday here in the USA and London is also closed. As a result the market will probably be thin and possibly volatile. I will also not be trading this Thurs. until after 2:30pm est since the Fed Chairman is speaking. These are things to keep in mind no matter what system you are trading IMO.

For those of you who are requesting a Demo, we are keeping your email addresses just in case we need more testers in the near future.

Have a safe holiday today!