Forex Cyborg is an expert advisor. It was created to assist and guide traders navigate the perilous journey of trading. The name of the team behind the creation of this EA was not disclosed. Is buying this EA worth it? Read through our review to see what experts have to say about the Forex Cyborg trading software
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on. It even starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it is mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are just out to deceive and steal your funds. Considering what they offer and proofs are effective means of discovering fraud and reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
ForexCyborg EA Review
Forex Cyborg are one of the EA provider that claim to have an aesthetically pleasing and professionally designed website.
The team behind Forex cyborg is not disclosed, either is their location
How Forex Cyborg EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. We hold Trade results posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: AUDCAD, AUDCHF, AUDUSD, CADCHF, EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPUSD, USDCAD, USDCHF
Timeframe: M15
Forex Cyborg doesn’t provide an in-depth explanation or insight how their strategy works. The sales page claims that the EA works with Scalping
Forex Cyborg software Price
Price: €299-599
Forex cyborg comes in four different packages. In the €299-€399 price bracket, the sales page reveals that traders get access to 7 currency pairs and real license that ranges from one to three.
In the €499-€599 price range, The sales page reveals that traders get access to 14 currency pairs and real license that ranges from one to three.
Client Feedback
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedbacks on third-party sites, as the EA team can concoct or pay for manipulated reviews on the official page.
We could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
Conclusion
After going through all aspects of this EA provider, we concluded that it has only done the barest minimum in convincing us that their robots is any good.
At the time of this writing, they do not satisfy us with gaps between what it promises and what it delivers. We will reserve judgment for now as we wait for a while for this EA to flesh out their presentation.
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Accounts
Free Trial
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
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1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
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3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
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