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M5G Cyborg Robot


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Re: M5G Cyborg Robot

 

Hi all,

 

I have set it correctly, but "Current trading hours are not authorized" is displayed although it's in Asian trading session.

I have set GMT to '0' for IBFX. What did I wrong for this setting? Please help, thank you

 

it's mean : now is not in a trade time,...

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Re: M5G Cyborg Robot

 

Hi all,

 

I have set it correctly, but "Current trading hours are not authorized" is displayed although it's in Asian trading session.

I have set GMT to '0' for IBFX. What did I wrong for this setting? Please help, thank you

 

it's mean : now is not in a trade time,...

 

Ok, I will be wait for entry.... :D

 

Thank

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Re: M5G Cyborg Robot

 

has anyone backtested this with success? if so can you share your results?

 

i havent had it not going south in the long term.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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Re: M5G Cyborg Robot

 

did not backtest, currently running forward test.

 

massive lost on eurusd on july/08, stop out 140 pips.

 

currently stuck in drawdown with both eur/usd and gbp/usd

 

h*tp://img269.imageshack .us/img269/1527/m5g.jpg ( <- remove space between the K .)

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  • 3 weeks later...

Re: M5G Cyborg Robot

 

set files are in this thread.

 

using them on backtest results in dead accounts. i have ZERO confidence in the long term working of this EA.

 

be careful using it on a live account!!

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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  • 3 weeks later...

Re: M5G Cyborg Robot

 

OK, let's get one thing straight, the strategy 3 had a very poor reward/risk ratio. One loss would wipe out the profit from 20 wins. It had a great track record until a couple of successive losses more than blew away any wins most people would have had from trading with it. Now the recommended set file has an r/r ratio of ~6:1. It needs to win at least six times to make up for one loss. In my opinion this robot still carries a high level of risk.

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Re: M5G Cyborg Robot

 

The latest set is a modded version of the strategy 1. Uses only 1 aux order. Was being used on 4 pairs but now the author recommends only eu and gu. The trading start time is now earlier than strategy 3 was. I will see if I can get more specifics.

 

I know it blew accounts with strategy 3. Once bit, twice shy.

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Re: M5G Cyborg Robot

 

m5 took massive hits last week.. Been wrote up on many forums.. Some lost as much as 75% of their accounts..

 

How many ea's we've seen now that can enter a trade, but doesnt have a clue on how to exit... Entries Easy.. Exits seem to be non-existant for most ea's.. Best to have a seperate trade Manager runnin to handle runaway software..

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Re: M5G Cyborg Robot

 

m5 took massive hits last week.. Been wrote up on many forums.. Some lost as much as 75% of their accounts..

 

that's what my backtests found. so i am not surprised to hear the EA wiped out.

"It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book."

Victor Niederhoffer (1943–), US hedge fund manager and statistician

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Re: M5G Cyborg Robot

 

Can anyone share new M5Cyborg..... seem they have change this robot risk..

"Using only 1 scaled in auxiliary order Cyborg is not considered a Martingale style trader!

Cyborg's new default settings reduces the risk/reward from 20:1 to 6:1"

 

This is the best setting... result...hxxp://cyborg1fxcm.mt4live.com/?n=1

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Re: M5G Cyborg Robot

 

SO tired of backtests and bad information. Back test tell nothing of spreads, Daylight Savings time etc.

 

Only forward tests tell the story.

 

Here is my set file for my " live" real funded accounts.

 

YourAccountNumber=xxxxx

MagicNumber=55555

AlertOn=1

soes=---ECN Special Order Execution---

SOE=0

mm=---Money Management---

UseMoneyManagement=1

TradeSizePercent=4.00000000

BrokerIsIBFX=0

BrokerPermitsFractionalLots=1

mls=--Manual Lot Size If MM = false--

Lots=1.00000000

pom=--Primary Order Management--

TakeProfit=25

Slippage=5

spf=--Spread Filter---

SpreadFilter=1

SpreadLimit=5

lom=--Limit Order Management--

Multiplier=1.50000000

TimeGrid=60

Grid=45

TP=28

LotInc=0.00000000

MaxLevel=2

esl=--Emergency Stop Loss--

StopLoss=90

dnt= --Delay Next Trade - 0 = false, 1 = true--

useDelayAfterClose=1

MinutesToDelay=15

tf=--Trading Days / Hours Filter--

Broker_GMT_TimeShift=3

ef3=Friday No Trade - 0 = false, 1 = true

UseFridayNoTrade=1

es3=Sunday No Trade - 0 = false, 1 = true

UseSundayNoTrade=1

sm0=--Trading Hours - Brokers GMT Server Time--

sm2=UseTradingHours - 0 = false, 1 = true

UseTradingHours=1

TradeStart=1605

TradeStop=2000

ccs=--Chart / EA Comments Settings---

CommentPrimaryOrders=Primary Order

CommentAuxiliaryOrders=Auxiliary Order

StatusTxtSize=7

StatusColor=55295

CommentTxtSize=7

CommentColor=16777215

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