Introduction
Well, well, well, what do we have here? Another miraculous trading robot that has been apparently rocking the charts and racking up the pips. This one goes by the name CyberZingFx Trend Reversal. With a user rating of 4.26, it's certainly caught the attention of the masses. But let's dive in and see what it's really made of.Description of Functions
CyberZingFx Trend Reversal, as the name sinsitively suggests, is designed to identify when trends are about to reverse and make profitable trades accordingly. It functions predominantly on the H1 timeframe, but, apparently, it can also function on lower timeframes if you’re fast enough to catch the signal and make the trade.The question is, can it consistently detect these trend reversals accurately and how profitable are its trades? That’s what we will soon find out.
Analysis of Results
Based on user comments, more wins than losses have been recorded, and there are reports of a good number of pips gained. However, without any concrete strategy tester results or third-party verified trading history, these claims hold very little water.Looking at the comments, it seems some users have rented this robot multiple times, suggesting some level of satisfaction with its performance. But remember my friends, even a broken clock is right twice a day.
Pros and Cons
Let's break down the good, the bad and the ugly:Pros:
- Seems to have a decent hit rate according to user comments
- Works on multiple timeframes
- The developer appears to provide good support
Cons:
- Lack of verified trading history. We're not in the business of blind faith, are we?
- No clear information on the strategy employed by the bot
Source Code of CyberZingFx Trend Reversal
Now, before you get too excited, you should know that we don't have the actual source code of the original bot sold on MQL5. What we can do, however, is present to you a version based on the description provided on the MQL5 site, developed by our expert programmers at EASY Trading Team.So, if you have questions about the code, don’t hesitate to ask. But do remember, this version we provide is merely inspired by the original CyberZingFx Trend Reversal bot and not the exact one.
Code:
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If you’re on the hunt for the original CyberZingFx Trend Reversal, I’m afraid we can’t help you. But if you’re interested in our version of the code inspired by it, it’s available for download at forexroboteasy.com.Discuss how the bot works for you on easytradingforum.com and share your experience with other traders. Always remember: even the wisest of traders never stop learning.