Forex Cyber System

Forex Cyber System

6.4

Backtesting Results

7.0/10

Strategy

7.0/10

Draw Down

7.0/10

Easy To Use

5.0/10

Author History

7.0/10

EA Purchase Price

6.0/10

Rental Price / Options

7.0/10

Forward Testing Results

5.0/10

Pros

  • Multi currency
  • Good long time backtesting results
  • Reasonably priced rental options

Concerns

  • Some caution should be exercised
  • We backtested each pair and TF from the beginning of August 2018 to date and the EA was losing during that time. This might just be a coincidence but running an EA for 4 months without any profit is a quite long time.
  • No live signals available

Rating Criteria

Backtesting results – We always use 99.90% modelling quality in our backtests to ensure full accuracy.
Strategy – We pose two questions:, can the strategy work in long term and how risky is it?
Draw Down – We analyse it over along time and look at the causes. Is it steady or just a one time spike?
Easy To Use – Is it just one or two option drop down or do you need to use complex set files to get the best results? Can you trade multiple pairs from one chart? Are there any support issues?
Author History – How long has the EA been on the market, what are the complaints, and how many other successful EAs has the author released previously?
EA Purchase Price – Does the performance justify the price?
Rental Price / Options – Based on the criteria set above, if no rental option is offered or the rental price is very high, it is a red flag for us.
Forward Testing – Does the EA provide forward testing we can use to verify the EA?