This is an honest Forex Cyborg review?
Do you know someone who is about to get the forex robot, maybe that’s you, but you have doubts about the robot?
This review will make you decide quickly whether to buy the robot or not.
In this Forex Cyborg review, you will get to read about everything you should look out for before buying the robot.
This robot incorporates complex technical analysis into its trades.
With these technical analyses, the robot places trades toward making maximum profit for its user.
Also, the Forex Cyborg robot makes use of a money management scheme.
This scheme helps to minimize a user’s risk.
It has two preset types of money management which are the normal and the conservative techniques.
In addition, the robot gives a user the chance of adjusting his lot size and risk per trade.
Furthermore, this robot trades only for 6-7 hours daily.
It works with any account size and does not make use of the martingale trading strategy.
However, do you think these features are good enough to make you buy the robot?
| Robot Faq | Answers |
|---|---|
| Trust Score | 35% |
| Price | Gold (499 Euros) and Premium Package (599.99 Euros) |
| Refund? | 30 Days Money Back Guarantee |
| Strategy | Not Disclosed |
| Currency Pairs | Major and Minor Pairs |
| Fully Automated? | Yes |
| Trading Platforms | MT4 |
| Live Account | Yes |
| Historical ROI | Not disclosed |
| Website | Forex Cyborg Website |
Forex Cyborg Review: Strategy Review.
The developers of this robot did not reveal the exact strategy that it uses in trading.
However, this robot incorporates complex technical analysis into its trades.
With these technical analyses, the robot places trades toward making maximum profit for its user.
Many robot developers do not reveal the strategy that their robots use because of the fear of intellectual theft.
Although revealing the strategy that a robot uses is one of the ways of building trust.
Forex Cyborg Review: Live Account.
This forex robot has a live account proof.
The Forex Cyborg robot has different live account proofs with verification from Myfxbook.
However, the robot has some important things you should look out for.
The live account results of this robot are far from impressive.
Should You Buy The Robot?
Why would you buy a robot that trades for only six to seven hours daily?
The forex market is a market that is active for 24 hours daily.
However, this robot cannot even trade for 1/3 of the market’s active duration.
In fact, this simply means that a user will likely miss out on profitable positions when the robot is not active to trade.
While every other robot user might be making a profit on their robots, the users of the Forex Cyborg robot might never be able to make a profit like them.
Also, the robot recorded a huge drawdown upon live trading.
On one of the live trading accounts, the robot recorded a drawdown of -45.05%.
You should already know that the higher the drawdown, the higher the risk of losing a trade or the next one.
Furthermore, it is possible for a user of this robot to lose all his money on a single trade.
This robot lost about 1000 Euros on a single trade on one of its live accounts.
On that same account, the robot recorded an average win of 25.63 Euros.
While its average loss was 50.77 Euros.
In addition, on another account, the robot recorded the worst trade of -1292 Euros.
These facts explain how a user might end up losing all his money on a single trade.
Other Reviews:
SUMMARY.
The Forex Cyborg robot is a robot that incorporates complex technical analysis into trades toward making maximum profit.
It gives a user the chance of adjusting his lot size or risk per trade.
Also, the robot works with any account size.
However, this robot has some shortcomings that every intending buyer should look out for.
Firstly, the robot does not trade for 24 hours as a real forex robot should.
The Forex Cyborg robot trades only for six to seven hours.
This means that a user cannot make a profit while other robot users are doing so.
Also, a user can lose all his money on a single trade while using this robot.
The robot recorded huge losses on single trades.
Some of these losses are -1292 Euros, -60.35 Euros, and so on.
Do you still want to buy the robot after reading to this point?
If I were you, I will keep visiting forex dominant for more reviews and articles like this.
Or I register for an advanced forex class to learn more about forex trading.
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