If you want to make profit trading on a flat FX market, then the MT4 platform offers a free EA that will help you do just that. Previously offered by its developer to his clients alone, now this EA is free of charge and can help you improve winning chances.
CyberiaTrader robot for Forex was originally designed for M1 time frame, with currencies that have two points spreads, and it is adaptable to several currency pairs. If you use the settings implemented by its developer and have a flat market, then you will register interesting results.
- Cross rates
- Lots calculation depending or risks
- Modeling period
- StopLoss auto correction
- Cross currencies
According to its developer, CyberiaTrader Expert Advisor can reach 100-300% each day, if you use it with the default settings. The robot allows for the use of several currency pairs at the same time, it also performs an evaluation of the SL and market confidence and finds the correlation between the two. Depending on your exposure, the expert is able to calculate the lots automatically.
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While the reviews for this robot are mixed, you need to keep in mind a few details that will help you make the most out of the MetaTrader 4 CyberiaTrader EA:
- Be aware of the pips spreads at your broker – use with spreads of two pips (eg EUR or JPY)
- You may enable CyberiaLogic with good results, but use only one such solution at a time or the robot will fail
- And, last, do your testing before using it in real trading mode, just to make sure the EA and your broker are compatible and you included the proper data to help you win