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Description:
The M5 Cyborg Robot is a range-trader that trades an average of 2.5 hours per day, 4 days per week. It averages 8-10 trades per week, trading during the tight ranging periods of the market with auxiliary orders to dollar cost average if needed. It trades the EUR/USD and GBP/USD on the 5-Minute charts.
Scott's Notes (12/23/09):
I've come to a final conclusion... I would highly recommend the signal service over the EA. Those guys stay on top of the strategy being used and update it frequently along with market conditions. We hadn't updated our EA settings for months and at the end of our test, my live account went from $1,000 to $1,150. Not the end of the world but not the greatest after 6 months of trading. The reason our testing is ending is because I am withdrawing the funds from my FXDD account and moving to Forex.com (nothing against FXDD, just a personal decision). Yes, we tested this EA on a LIVE account and I don't regret it!
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