Martingale Mania VIII ~ Cyborg

Filed Under (EA System, Journal) by Casey on 07-09-2009

Tags: , , ,

Initially I was thinking about posting my August month end performances. But seeing how I screwed up big time with Best Forex Sniper in the first two weeks… I decided to defer this to probably the end of this month.

While Best Forex Sniper slaughtered me… due to my ignorance to using the Martingale strategy… I manage to come off with lessons from these losses. And that losses was translated into my Martingale Mania series.

It’s funny that my most feared strategy became my most intriguing strategy to me. I initially encounter with Martingale on my live account was Cyborg. I knew it was a gamble and I knew it was too good to be true from Cyborg’s page… so with a small account of over $400 bucks… I gamble it on Cyborg…

And I must say by far… this is my best performing EA… mind you I am still using the initial version of Cyborg and the initial settings. Why toyed with it when it is not broken? Ok… I did toy with Cyborg once… A Quick Wank is a NO-NO!

Exciting as it was. That toy was a gamble… after that episode… I just left Cyborg as it is.

All these time, while I was focusing on other EAs, I never really paid much attention to Cyborg… I just let it run. Never really gave it a good review on it… only have bake information here and there…

Firstly… let me start by showing to you my performance with Cyborg… Unfortunately due to IBFX new way to reporting… I am only able to pull my statement from IBFX via my MT4 since July 09…

So below is my statement from July 09 to end August 09… (Click graph to open my detail statement)

———————————-

The graph looks really odd because I had to withdraw (early July 09) and then redeposit (nearly by the end of August 09) from another IBFX account because the other account which i wanted to use Fedora and then subsequently I used Best Forex Sniper did not do so well… I manage to breakeven with that escapade… unlike my Alpari account…

But… let’s not re-live that past…

Anyway… the three dips on the graph as you can see clearly were documented on my blog… Finally Got Canned By Cyborg and Slap Me Silly Please…

Overall manage to hit 3 or was it 4 stop losses with only using the 4th level on the Martingale… Now… since I am unable to extract my statement from May 09… I guess my performance post for end May and end June will have to do…

In May 09 I made 137.78 and in June 09 I made 70.07  so if we look at my statement from July 09 to August 09… I manage to come out with at a net profit of -32.59. Taking into account my losses for every stop is about $50… with 3 stop losses my net profit would be around $150… so my comeback from these dips is around $117 over the two months…

Anyway, this means that over the past four months my profit is 175.26 which is 40.97% profit from my balance as of end May 09 at 427.76…which comes to about 9.78% rate of return over the past 4 months…

So far so good….

Yeah… could it be better?? Well…probably… maybe… as I was backtesting Best Forex Sniper… my funky brain started to blink with ideas for Cyborg…

What if the same theory that low volatility currency pair with good retractment or retracement working well for Best Forex Sniper be applied to Cyborg?

Now as I continue to test Best Forex Sniper… I realize some cycle patterns with regards to when degree of Martingale is at the highest. Now having not dived into how Cyborg really works… I know that Cyborg only look for trade at a certain time. If you look at my trades… Cyborg rarely goes more than the 3rd degree. And I have been profiting from this since May 09…

Mind you… Cyborg is trading on the 3 most volatile currency pair… EURUSD, GBPUSD, and USDJPY. In which, Best Forex Sniper has failed… So what does that say about other currency pair? Low volatility over a longer period of time means more opportunity for Martingale to work…

Hmmm…. it might be a good idea to start toying around with this… :)

No! No! No!

I am still backtesting Best Forex Sniper… so this idea will have to wait. Well… just leave Cyborg as it is to see how much more profit it can pull for me on my IBFX account… using the original version and ver 1 settings… I don’t really want to test the new version… why test it when the original version works well.

But as usual other people are saying that the new version is better than the old one… Each to it’s own… each to it’s own…

Anyway… if anyone is interested to get their hands on Cyborg… the developer has recently reduce their price… to $199 from the previous $299. In which I gave a rebate of $70 on the previous price. Again… if you are still interested… I am still offering a rebate but it’s no longer $70 but $50.

So you get Cyborg for $149… that’s a 25% discount ye all….

Go to this post for more detail http://bestforexea.com/a-cyborg-ea-deal-from-bestforexeacom/

But if you want to use or test the original first version of Cyborg… just register to my site and you will be able to download that version for free. Everyone’s favorite word…

Be Sociable, Share!

Post a comment

Anti-Spam Protection by WP-SpamFree