Introduction
When evaluating trading robots like CyberVision EA, it's crucial to sift through the glowing reviews and temper tantrums to uncover a realistic picture. With a user rating of 3.42 and varied feedback, CyberVision EA presents an interesting case. Let's dive into its features and review its performance over the past year.
Description of Features
CyberVision EA boasts several features that are meant to enhance trading efficiency:
- High-Frequency Trading: The robot can be set to high-frequency trading settings, allowing multiple trades per day.
- Risk Management: Various risk settings (from 1 to 9) permit customization based on user risk tolerance.
- Compatibility: Runs on multiple currency pairs and commodities like XAU/USD and SOL/USD.
- Auto Lot Sizing: Adjusts lot sizes based on the level of risk chosen.
- Demo and Live Accounts: Supports both demo and live trading environments.
Performance Analysis
The past year has been a rollercoaster for CyberVision EA, if we trust user reviews:
- April 2023 Update: Users like silverocean initially reported positive results post-update, with profitable trades on multiple accounts.
- May 2023 Feedback: Silverocean updates were strikingly positive, with successful trades resulting in gains. However, by mid-May 2023, the tide turned sharply, with significant losses reported.
- Hermanmor's Experience: Claims that after initial drawdowns, the EA recovered, aligning backtest results with live trading.
- Kevanli's Critique: Accuses the EA of being a martingale strategy cloaked as something else, complains about support issues, and points out discrepancies between backtest and live performance.
Pros and Cons
Pros:
- High-frequency trading capability.
- Customizable risk management settings.
- Support for both demo and live accounts.
- Potential for high profits, as reported by some users.
Cons:
- Inconsistent performance: Significant drawdowns and large losses have been reported.
- Questionable support: Multiple users have complained about lack of support from the developer.
- Suspicious backtest results: Discrepancies between backtest and live trading results.
- Potential use of martingale strategy: High risk of margin calls and substantial drawdowns.
Conclusion
CyberVision EA appears to be a mixed bag. While some users experience significant gains, others face substantial losses and poor support. The inconsistent performance and allegations of using a martingale strategy are particularly concerning.
Source Code of CyberVision EA
We do not have the original source code for CyberVision EA. However, our team at EASY Trading Team can provide a code based on the description available on MQL5. Given the controversies and mixed reviews, it's essential to scrutinize and perform due diligence before deploying such an EA on live accounts.
Code:
You don't have permission to view the code content. Log in or register now.Download CyberVision EA for a Test
For those interested in taking CyberVision EA for a spin, detailed statistics and download options are available on the official website. If you have questions about the custom-coded EA based on CyberVision EA's description, feel free to ask.
Note: This example EA was created by easytradingforum.com based on publicly available descriptions. The EASY Trading Team does not sell CyberVision EA but has created a custom EA based on its outlined features.