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Author Topic: forex cyborg  (Read 92247 times)

Online Humble Trader's Fx

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Re: forex cyborg
« Reply #15 on: December 26, 2017, 11:46:26 PM »
I can see you have made changes to reduce those killer mornings and it has helped your performance to be much more stable now.

I think the problem for me is the pricing - you want 500 EUR for something that will make 20% a year based on FG account (he has made 10% in 6 months)

there are EAS that make 120% that cost 250  .. that also in the long run are safer than yours ... you have more work to do to really make this value for money.

Yup, every developer has jumped on the "gold chariot" ever since CabEx started taking people for a ride at 500$+; most "riders to nowhere", took the bate, now they are selling their copies for the real price +/- 100$.  :P

Regards, 8)
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline donbon2

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Re: forex cyborg
« Reply #16 on: December 26, 2017, 11:50:08 PM »
well they had to make changes after the disaster a few months ago - great they did -- but the results are nowhere near where they should be.

this is my whole thing with building a proper smarter EA from the ground up -- you simply won't need to bother with overpriced toys ... as all these 500 purchases add up over time.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Online ForexCyborg

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Re: forex cyborg
« Reply #17 on: December 28, 2017, 09:23:32 PM »
I can see you have made changes to reduce those killer mornings and it has helped your performance to be much more stable now.

I think the problem for me is the pricing - you want 500 EUR for something that will make 20% a year based on FG account (he has made 10% in 6 months)

there are EAS that make 120% that cost 250  .. that also in the long run are safer than yours ... you have more work to do to really make this value for money.

You can buy Forex Cyborg already for 255 and not 500. I don't think this is overpriced.

And I don't think the gains are the best value to compare the systems, because they are absolutely related to the risk per trade you use. If one expert is running with the double risk of another and make 30% instead of 20%, than this does not mean that the EA that made 30% is better.

More interesting is the amount of pips because that would mean that, if you trade all strategies on the same risk level, the EA with the highest pip value will produce the highest gain.

ForexGermany just running Forex Cyborg on a relative low risk setup.
I compared some asian scalper to give a overview. I made a custom timeframe from 10.07.2017-today (that was the date he set up Forex Cyborg) for every EA to compare the results:

Forex Cyborg: +979.10 with 301 trades
Best Scalper: +446.10 with 301 trades
Forex Real Profit EA: +901.90 with 344 trades
Easy Walker FX: +278.50 with 442 trades
SFE Night Scalper: +879.40 with 1308 trades

As you can see Forex Cyborg made the most pips in this timeframe with only 301 trades (which mean you pay less commission compared to the most other EAs I compared here). So I would be really interested which EA for 250 are better. On long term what matter is the amount of pips in our view.

Another important factor in our view is that we don't oversold our EA. This could lead to too many same entries and that could be a negative factor too. Our clients are not the guys that try to double a $200 account in 2-3 months. We search for real investors that understand that Forex Cyborg is really worth every

But who knows... maybe we will lower the price someday too, but currently we don't think that it is overpriced :-)


Best regards,
Forex Cyborg Team

Offline donbon2

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Re: forex cyborg
« Reply #18 on: December 28, 2017, 11:03:07 PM »
you must be running a different setup to FX Germany - at first I thought it was double the size but obviously not -- his DD is double yours and has 2 losing months to your one

not unusual as you probably updated or something ... but if FX germany set it up this way that is what I trust - he has alot of credibility - as he has zero interference with the EAs.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Online ForexCyborg

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Re: forex cyborg
« Reply #19 on: December 29, 2017, 06:54:04 PM »
you must be running a different setup to FX Germany - at first I thought it was double the size but obviously not -- his DD is double yours and has 2 losing months to your one

not unusual as you probably updated or something ... but if FX germany set it up this way that is what I trust - he has alot of credibility - as he has zero interference with the EAs.

There is only one difference between the setup of FX Germany and mine: He is running Forex Cyborg with the default risk (3,5% per trade) and I run it with 4,5%.
We use the same version and in fact I didn't changed the EA on the forward accounts since the beginning.
There was only one trading session, my VPS provider had some problems. But beside this the results are only different because of different broker spreads / ticks. They are very important for such a EA.

We published 3 forward tests on 3 different brokers but all with the same settings (default, except the risk per trade of 4,5%). So they are very good compareable.

As you can see we had 2 loosing months on the FinPro Broker too: https://www.myfxbook.com/members/forexcyborg/forex-cyborg-finpro-for-us/2190377
Most stable seem to be Darwinex: https://www.myfxbook.com/members/forexcyborg/forex-cyborg-darwinex/2184469
Longest history is on the FXPIG account: https://www.myfxbook.com/members/forexcyborg/forex-cyborg-fxpig/2168587


Best regards,
Forex Cyborg Team

Offline donbon2

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Re: forex cyborg
« Reply #20 on: January 01, 2018, 11:08:28 PM »
the problem with that is it had a 30-35% drop or something - so that is automatically an EA that wouldn't consider.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Online ForexCyborg

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Re: forex cyborg
« Reply #21 on: January 02, 2018, 07:36:57 AM »
the problem with that is it had a 30-35% drop or something - so that is automatically an EA that wouldn't consider.

Thank you again for your feedback. Yes we had a drop, but never 30-35%

It was 24,91% on FXPIG (15,13% on Darwinex and 11,96% on FinPro)
And as I said, we use a higher risk than the default settings.

ForexGermany use the default settings and he had a drop of 6,31%
If don't see the problem here  :)

Every EA has drawdown phases. More important is that the EA is able to recover + reaching new highs.

By the way: only 13 days left for the 15% discount.
We are already up with around +2% this year!

Online ForexCyborg

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Re: forex cyborg
« Reply #22 on: January 09, 2018, 09:28:40 AM »
Today we published two new accounts at a new broker (Circle Markets) with moderate and high risk settings.

See here:
https://www.myfxbook.com/members/forexcyborg/forex-cyborg-circle-markets/2378195
https://www.myfxbook.com/members/forexcyborg/forex-cyborg-circle-markets-high/2378197

Our main account at FXPIG already generated +5,94% this year with +157,1 pips:
https://www.myfxbook.com/members/forexcyborg/forex-cyborg-fxpig/2168587

Our christmas offer will end in 6 days (15.1.2018), so hurry up to get Forex Cyborg at a discounted price.


I wish everyone a great trading week!

Offline bearnakedbull

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Re: forex cyborg
« Reply #23 on: January 09, 2018, 02:16:27 PM »
I am wondering if the Aussie pairs are suffering from the same problem as Best Free Scalper, getting caught in the news during an otherwise quiet session. They don't look to be the most profitable pairs and perhaps should not be used for scalping. I am assuming this is another Asian scalper.
As for price, well I guess it is all relative, it is high until is has a long track record. Even a $99 EA is way to high if it drains your account. A $1000 EA that always wins could be viewed as a great deal. For now yours is new and the failure rate is extremely high so I think you should sell it cheaper at the beginning and raise it as the history shows its worth.
As for your comments about 'searching for investors' and 'not overselling' the EA, I call BS on that and I am not referring to a popular robot with the same initials. Those comments don't hold any real meaning here. We have heard it all before and the proof is in the pudding as the saying goes.
Regards, bnb

Online ForexCyborg

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Re: forex cyborg
« Reply #24 on: January 09, 2018, 04:29:11 PM »
Thank you for your feedback.

I am wondering if the Aussie pairs are suffering from the same problem as Best Free Scalper, getting caught in the news during an otherwise quiet session. They don't look to be the most profitable pairs and perhaps should not be used for scalping. I am assuming this is another Asian scalper.

Yes it trades during the asian session too, but the trading hours start at 18:30 GMT for the first AUD-Pair. The most Asian scalper starting 1-2 hours before or right at the beginning of the asian session. And we are not fixed on the asian session at all. If a trade needs more time, than we just let it run. We have different entry and exit rules (5 different exit rules). And as you can see the average win is nearly at the same level as the average loss per trade (in the backtests + forward tests)
Overall the backtests and the forward tests showing a positive result for the AUD-Pairs on long term when using Forex Cyborg, even without a news filter.
I can't say anything regarding Best Free Scalper as I didn't use/test it.

As for price, well I guess it is all relative, it is high until is has a long track record. Even a $99 EA is way to high if it drains your account. A $1000 EA that always wins could be viewed as a great deal. For now yours is new and the failure rate is extremely high so I think you should sell it cheaper at the beginning and raise it as the history shows its worth.
As for your comments about 'searching for investors' and 'not overselling' the EA, I call BS on that and I am not referring to a popular robot with the same initials. Those comments don't hold any real meaning here. We have heard it all before and the proof is in the pudding as the saying goes.

BS trade only 2-3 pairs as far as I know. It seems the trade logic is not suiteable to trade pairs with higher spreads.
Forex Cyborg has a average (over all pairs) win of over 9 pips with a expectancy of 3.4 pips (at FXPIG). So it seems to be very different to BS (but BS seem to be a good scalper too, don't get me wrong).
But as you can see Forex Cyborg is currently running profitable at 5 different brokers.


For now yours is new and the failure rate is extremely high so I think you should sell it cheaper at the beginning and raise it as the history shows its worth.

To be honest: I don't think that it is a too high price. Yes there are many cheaper EAs and maybe there are 1-2 better/compareable EAs that you can buy for 200-300 bucks, but I don't know any asian scalper with a higher expectancy rate + higher average win-rate vs the average loss-rate + is able to trade 15 different pairs + can provide that good backtests. We build something more stable and will raise the price once we build a longer forward history.

We don't want to promote Forex Cyborg as just another asian scalper, where people are going to compare in the way like "ok... Asian scalper 1 cost me $250... Asian scalper 2 cost me $350... Because both trade at the asian session, I just take the cheaper one..."
We want to have the most advanced available asian scalper on the market. It will need some more months (maybe years) to prove it, but you will see us here (if you will be around too).



Best regards,
Forex Cyborg Team

Offline petermatt

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Re: forex cyborg
« Reply #25 on: January 09, 2018, 08:32:57 PM »
the problem with that is it had a 30-35% drop or something - so that is automatically an EA that wouldn't consider.
Thank you again for your feedback. Yes we had a drop, but never 30-35%
It was 24,91% on FXPIG (15,13% on Darwinex and 11,96% on FinPro)
And as I said, we use a higher risk than the default settings.
ForexGermany use the default settings and he had a drop of 6,31%
If don't see the problem here  :)
Every EA has drawdown phases. More important is that the EA is able to recover + reaching new highs.

FxPIG - Equity Growth July 24 - 36.57%  Equity Growth August 30 - 2.55%. Unless I'm mistaken that's a drop in Equity (loss) of 34.02% in  one month?

Offline bearnakedbull

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Re: forex cyborg
« Reply #26 on: January 09, 2018, 09:10:36 PM »

 I don't know any asian scalper with a higher expectancy rate + higher average win-rate vs the average loss-rate + is able to trade 15 different pairs + can provide that good backtests.
This one is pretty close at $159.
https://www.myfxbook.com/members/PeregrimEA/evonightea/2252381
Regards, bnb

Online ForexCyborg

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Re: forex cyborg
« Reply #27 on: January 09, 2018, 10:02:45 PM »
the problem with that is it had a 30-35% drop or something - so that is automatically an EA that wouldn't consider.
Thank you again for your feedback. Yes we had a drop, but never 30-35%
It was 24,91% on FXPIG (15,13% on Darwinex and 11,96% on FinPro)
And as I said, we use a higher risk than the default settings.
ForexGermany use the default settings and he had a drop of 6,31%
If don't see the problem here  :)
Every EA has drawdown phases. More important is that the EA is able to recover + reaching new highs.

FxPIG - Equity Growth July 24 - 36.57%  Equity Growth August 30 - 2.55%. Unless I'm mistaken that's a drop in Equity (loss) of 34.02% in  one month?

No that is relative 24,91% :-)
If you have +1000% on a account and you have a loss about 10% than your account will go down to 900%, right?
In this case you don't have a 100% downdown. You have a 10% drawdown

Have a look at the "Drawdown"-sheet at the myfxbook account:
https://www.myfxbook.com/members/forexcyborg/forex-cyborg-fxpig/2168587


Online ForexCyborg

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Re: forex cyborg
« Reply #28 on: January 09, 2018, 10:06:16 PM »

 I don't know any asian scalper with a higher expectancy rate + higher average win-rate vs the average loss-rate + is able to trade 15 different pairs + can provide that good backtests.
This one is pretty close at $159.
https://www.myfxbook.com/members/PeregrimEA/evonightea/2252381


Yeah I know EvoNight. This EA is only able to trade 6 pairs and is only optimized for a short period + I made 99% backtests of it. Some pair fail here. And this EA failed very hard before 09/17.
I don't think that it is a stable system on long term, but we will see. :-)

Btw.: if you choose the same timeframe at Forex Cyborg, you will see that Forex Cyborg made a expectancy of 4.8 pips.
Average Win:    9.11 pips / 9.77
Average Loss:    -4.32 pips / -7.29
And a max. DD below 4%
« Last Edit: January 09, 2018, 10:12:33 PM by ForexCyborg »

Online reinerh

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Re: forex cyborg
« Reply #29 on: January 09, 2018, 10:55:58 PM »
the problem with that is it had a 30-35% drop or something - so that is automatically an EA that wouldn't consider.
Thank you again for your feedback. Yes we had a drop, but never 30-35%
It was 24,91% on FXPIG (15,13% on Darwinex and 11,96% on FinPro)
And as I said, we use a higher risk than the default settings.
ForexGermany use the default settings and he had a drop of 6,31%
If don't see the problem here  :)
Every EA has drawdown phases. More important is that the EA is able to recover + reaching new highs.

FxPIG - Equity Growth July 24 - 36.57%  Equity Growth August 30 - 2.55%. Unless I'm mistaken that's a drop in Equity (loss) of 34.02% in  one month?

No that is relative 24,91% :-)
If you have +1000% on a account and you have a loss about 10% than your account will go down to 900%, right?
In this case you don't have a 100% downdown. You have a 10% drawdown

Have a look at the "Drawdown"-sheet at the myfxbook account:
https://www.myfxbook.com/members/forexcyborg/forex-cyborg-fxpig/2168587

i am also stumped by this, since myfxbook does not show the dd correctly in this case.

account start equity was 2k, then it gained to a high of 2.7k, then it went into dd all the way back down to almost 2k. so 2.7k minus 25% equals about 2k.

so in my book highest dd to date should show 25%

the total gains, are showing correctly at 50% there abouts. so seeing that as yearly results which its not quite still over 4 months to go, gaining 50% on 25% dd is not bad for a yearly result.

 

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