Tag: Forex EA Reviews

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Forex Service Review

Forex Cyborg Review

Forex Cyborg is an automated foreign exchange trading bot that is designed to work with the MT4 trading platform. This bot, implemented through the platform, aims to produce a rate of return of about 75% on a variety of higher currency pairs. Forex Cyborg is designed for professional traders. In this review, we will analyze the main functions and features of the bot, and see if it can be beneficial for your business activity.

Forex Cyborg is an automated foreign exchange trading bot that is designed to work with the MT4 trading platform. This bot, implemented through the platform, aims to produce a rate of return of about 75% on a variety of higher currency pairs. Forex Cyborg is designed for professional traders. In this review, we will analyze the main functions and features of the bot, and see if it can be beneficial for your business activity.

Forex Cyborg is an automated foreign exchange trading bot that is designed to work with the MT4 trading platform. This bot, implemented through the platform, aims to produce a rate of return of about 75% on a variety of higher currency pairs. Forex Cyborg is designed for professional traders. In this review, we will analyze the main functions and features of the bot, and see if it can be beneficial for your business activity.

How does Forex Cyborg work?

Forex Cyborg is very simple and easy-to-use software. However, the processes used are complex and have been developed by a team of traders and programmers. This ensures that you will receive a very efficient and apparently profitable forex robot.

Once the software has been downloaded, it must be activated within your Metatrader 4 platform, Forex Cyborg will take care of everything, starting with the opening of operations, the setting of the appropriate stop loss, and the adjustment and closing of transactions at the best time. Forex Cyborg can trade up to 18 currency pairs simultaneously. It uses 15-minute time frames and works in both the desktop and mobile versions of MT4.

The Forex Cyborg system is well tested. Developers have been able to include a simulator that predicts what may happen during real-time trading.

How much is Forex Cyborg?

Forex Cyborg has two packs. The first one is called Cyborg Gold Forex and is priced at 499.99 €. Once purchased, you can add the EA to your MT4 whenever you want, and you will also have unlimited support, updates, and functionality in a demo account.

If you want to use Forex Cyborg in more than one trading account, you will have to buy the Premium package that costs €599.99. This price gives you access to all the features of the Gold package, but with three licenses for real accounts.

The Premium package is ideal if you are working with a group of traders and want to implement a uniform automated strategy.

When should I use Forex Cyborg?

This Forex bot is primarily aimed at professional traders. The reason is that the robot can trade up to 18 simultaneous currency pairs, and additionally has neural networks and deep learning algorithms. The system is fully automated and attached very easy-to-follow instructions; therefore it is very accessible and easy to use.

Advantages of Forex Cyborg

Forex Cyborg is fully automated, and this means that you do not need to be active at any point in the trading process to get a positive return. This EA is more expensive than other robots, but keep in mind that Forex Cyborg offers support and upgrades for a lifetime. The Cyborg Premium Forex package applies to three trading accounts, and this is perfect for professional traders or trading groups.

Disadvantages of Forex Cyborg

Forex Cyborg does not offer a free trial but provides us with a demo account and a 30-day money-back guarantee. The robot does not trade in pairs of minor or exotic currencies.

Ease of Use

Forex Cyborg is an extremely easy-to-use system. The bot interface is easy to navigate and, when the software is downloaded and active on your MT4 platform, the entire process is fully automated.

Installation instructions are straightforward to follow. This will allow you to start trading as soon as possible. The two Forex Cyborg packages come with unlimited lifetime support, so if you ever have a problem, you can contact the support team.

Conclusion

Forex Cyborg is a professional foreign exchange trading bot that has the ability to trade with a good amount of assets at the same time. With this robot capability, we understand that it has a reasonable price, and seems to work with confidence and a high degree of transparency. Forex Cyborg offers a very high rate of return, and this is demonstrated in extensive real retrospective tests.

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Forex Service Review

Bravo Runner EA Review

Bravo Runner is an automated system (EA), created in October 2019 by developer Gabriel Beaird, who has us accustomed to creating low-cost Eas for users of the MQL platform. We know very little about this tool, as there is limited information available, but can say that it has been designed to trade with cryptocurrencies, specifically […]

Bravo Runner is an automated system (EA), created in October 2019 by developer Gabriel Beaird, who has us accustomed to creating low-cost Eas for users of the MQL platform. We know very little about this tool, as there is limited information available, but can say that it has been designed to trade with cryptocurrencies, specifically […]

Bravo Runner is an automated system (EA), created in October 2019 by developer Gabriel Beaird, who has us accustomed to creating low-cost Eas for users of the MQL platform. We know very little about this tool, as there is limited information available, but can say that it has been designed to trade with cryptocurrencies, specifically with XRPUSD and BTCUSD.

Overview

Apparently, the best results are given using a time frame of M5, and the creator also recommends, as in most Eas a low latency broker to make the execution of orders as fast as possible. The leverage used by this system is 1:5. This strategy uses RSI, KIC, and some other indicators when they meet certain levels.

Bravo Runner system is very easy to use and learn. You don’t need any previous experience to trade. Just invest in buying this EA and then just watch this Robot Trading do its job.

Unlike us humans, the Bravo Runner EA is not extinguished from emotions. Bravo Runner is available instantly at a very reasonable price for the results it provides, according to its developer. To be able to trade with this robot it is necessary to have hired a virtual server (VPS) or to keep the computer on 24/7.

Current features used by Bravo Runner: RSI, CCI, Stop loss (Trails profits), and a few more indicators that are not revealed by the system creator.

Service Cost

You can try this EA, and if the results are of your interest you can buy it on the MQL market for a price of 30 USD, which for an EA seems to us a very reasonable price. Even better, a free demo version is available for full testing prior to making a purchase.

Conclusion

It is highly recommended to try this EA on the Demo account for at least 2 weeks to see and understand how everything works. You should be comfortable with MT4 if you are going to use this EA.

We have little data on this tool, which also lacks user opinions that have tried it, given the short time it takes in the market. The creator provides us with some data of the operation of the robot in a real account, and certainly, the results are amazing, but we have to say that it is a screenshot, so we must be careful when validating this information.

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Forex Service Review

MultiLimitStop EA Review

The MultiLimitStop EA can be found within the Utilities section of the MQL5 marketplace, there may be others with similar names so we have provided you with a link to the expert advisor below. The expert advisor was first uploaded on the 20th of June 2017 by its creator Siti Latifah, it has had a […]

The MultiLimitStop EA can be found within the Utilities section of the MQL5 marketplace, there may be others with similar names so we have provided you with a link to the expert advisor below. The expert advisor was first uploaded on the 20th of June 2017 by its creator Siti Latifah, it has had a […]

The MultiLimitStop EA can be found within the Utilities section of the MQL5 marketplace, there may be others with similar names so we have provided you with a link to the expert advisor below. The expert advisor was first uploaded on the 20th of June 2017 by its creator Siti Latifah, it has had a number of different updates, the most recent update was on the 2nd of March 2020 and this brought it up to version 2.1.

Overview

The MultiLimitStop EA is an expert advisor for the MetaTrader 4 trading platform, the indicator works by automatically placing pending orders (sell limit, buy limit, sell stop, buy stop), it also adds stop losses and take profit levels with just a single click of a button. The EA can also be used as a grid expert advisor.

The main features of the expert advisor:

Automation Pending orders grid style trading.

Automation of the process of placing the Pending Orders.

Automation of close Orders/Pending Orders.

Manage orders like Delete Pending, Close All, Close buy only, Close sell only.

Avoiding unwanted triggering of Placing Pending, Stop Loss, Take Profit in case the broker’s stop level is different than usual.

Makes work easier and faster.

There are also a number of parameters that can help you adapt the expert advisor to suit your style a bit more, some of these include the lot sizes, how much the lots increase, the maximum number of orders, the step between trades, take profits, stop losses, trailing stops, and more.

Service Cost

The MultiLimitStop EA will currently cost you $30 to purchase it outright with no limitations attached. Many expert advisors have the opportunity to rent it, but this one does not, the only option is to purchase it. The site indicates that there is a free demo version available, but we do not know what the limitations of this free version are, many are only able to be used on demo accounts or only a few pairs are available to use.

Conclusion

There is just one review available, the user leaving the review did not leave a rating however he said the following.

“Lo he comprado y no me sale en el terminal y no puedo instalarlo.” This translates into: “I have bought it and it does not appear in the terminal and I cannot install it.”

Not the most positive thing that can be written about your product.

There are also a number of comments Siti Latifah (the creator) seems to be replying to the majority of them which is good to see and shows that there is at least some customer service available. As there are not many reviews to go off, we would highly recommend that you get in touch with the creator with any possible questions, also download and try out the free version to give you a better idea of exactly how it works before making a purchase.

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Forex Service Review

Tralling Expert Advisor Review

Tralling can be found within the Experts section of the MQL5 marketplace, it was first uploaded on the 16th of November by its developer Dmitry Shutov, it has not received any updates since it was first uploaded and so the expert advisor is still on version 1.0. Overview Tralling was created for the MetaTrader 4 […]

Tralling can be found within the Experts section of the MQL5 marketplace, it was first uploaded on the 16th of November by its developer Dmitry Shutov, it has not received any updates since it was first uploaded and so the expert advisor is still on version 1.0. Overview Tralling was created for the MetaTrader 4 […]

Tralling can be found within the Experts section of the MQL5 marketplace, it was first uploaded on the 16th of November by its developer Dmitry Shutov, it has not received any updates since it was first uploaded and so the expert advisor is still on version 1.0.

Overview

Tralling was created for the MetaTrader 4 trading platform and was designed to automatically move the stop loss at a regulated distance from the current market price. It will work on any currency pair and will work on multiple pairs at once. The main input that is available is to choose the step required between each stop-loss movement.

Service Cost

The expert advisor will currently cost you $10 to purchase it outright, this will allow you to activate the expert advisor up to 5 times. Due to its low cost, there is no option to rent the indicator. A free demo version is provided, this may only be used on the strategy tester, there are no further details given regarding the free version on the site, it may still be worth downloading to try out.

Conclusion

Unfortunately, there are no user reviews given for Tralling so it is hard for us to gauge how users are finding it and whether or not it is doing what it is meant to do. There are a few comments, the developer of the expert advisor has not replied to the most recent ones and their last reply was back in 2016, so it is not clear as to whether he is still actively supporting the EA. We would suggest trying the free version and also contacting the creator with any queries that you may have just to make sure that it is still being supported before you make a purchase.

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Forex Service Review

Smart Channel EA for MT4 Review

Smart Channel EA MT4 can be found on the MQL5 marketplace, it was created by Eshan Tarakemeh and was first uploaded to the marketplace on the 12th of February 2020, it has since been updated on the 8th of March 2020 and is currently at version 1.1. Overview Smart Channel EA MT4 is an expert […]

Smart Channel EA MT4 can be found on the MQL5 marketplace, it was created by Eshan Tarakemeh and was first uploaded to the marketplace on the 12th of February 2020, it has since been updated on the 8th of March 2020 and is currently at version 1.1. Overview Smart Channel EA MT4 is an expert […]

Smart Channel EA MT4 can be found on the MQL5 marketplace, it was created by Eshan Tarakemeh and was first uploaded to the marketplace on the 12th of February 2020, it has since been updated on the 8th of March 2020 and is currently at version 1.1.

Overview

Smart Channel EA MT4 is an expert advisor for the MetaTrader 4 trading platform, its main purpose is to use trend lines and advanced channels to place orders, open and close positions, manage risk per trade, spread, slippage, and trailing stops in order to take profits automatically.

The main list of features for the Smart Channel EA MT4 software:

  • Money Management (Calculate Risk-Reward ratio, Volume, profit, and loss)
  • Trend-Age-Aware Risk Management
  • Hides Stop-Loss and Take-Profit from your broker
  • Status reports through push notifications, email, and popup alerts
  • Supports both pending and instant execution order types
  • Share your channel configuration with your friends
  • Shows channel configuration errors and warnings
  • Easy adjustment graphically and numerically
  • Trailing Stop-Loss and Take-Profit
  • Spread specification table

Service Cost

The Smart Channel EA MT4 expert advisor can currently be purchased for $69, this is a discounted price, the EA will normally cost $129, this is a one-time payment that will get you up to 10 activations of the software. There is no option to rent it. There is a free demo version, but this can only be sued with the strategy tester within the MT4 platform.

Conclusion

At the time of writing, there are no reviews or ratings for the Smart Channel EA. This means that we do not know how popular people are finding it or whether it is doing what it is supposed to be doing. There are also no comments so we do not know whether the developer is actively supporting it after purchase. We would suggest contacting the creator with your questions, this will allow you to make sure that it will do what you need it to, and also ensure that you will receive support once it has been purchased.