Cybele CFD MT5

Why Cybele and If It Can Be Used In Prop Trading Accounts?

Do you ever think, why retail customers in the Forex market almost always lose money or why it is extremely difficult to generate consistent profits with the most expert advisors in the marketplace?

The answer is apparent:

1- Very few qualified traders or market specialists become developers,

2 -MQL5 is not a perfect platform for testing  expert advisors and often broker companies are not fair for their customers.

The truth is that data anomalies across brokers makes it extremely difficult to develop a consistent trading algorithm.

Cybele is born in this environment by a team of qualified traders. It is the most comprehensive free trading algorithm provided to you to reverse the money flow from institutions to your pocket. 

After you install and share a review on the page of the Cybele , you can join the 'Institution Breaker Trading Group' where I share key knowledge about trading, markets, how to correctly setup an EA and more. Just message me for the link.

Key Takeaway

In my this article I explain how to setup a meta trader expert advisor to be used with prop trading accounts:

https://www.mql5.com/en/blogs/post/757739

Key Takeaway

Without Optimization For These Specific Periods, Cybele Survives 2020 Covid 19 Collapse  and 2022 Financial Meltdown Periods.

For Which Trading Instrument  Cybele Can Be Used?

Cybele is designed to work with NASDAQ index trading. You can download the set file to be used with NASDAQ below. Just to remind you, for some brokers M12 and for other brokers M30 can perform better.  You can always PM me or comment if you are not sure.

M30 set with PF 3.74:

https://c.mql5.com/6/949/Cybele_v1_NDX_M30.set

M12 set with PF 2.58:

https://c.mql5.com/6/949/Cybele_v1_NDX_M12.set

Key Takeaway

There is enormous information about how to start with expert advisors and many more on this MQL5 forum thread. You can consider to have a look:

https://www.mql5.com/en/forum/178706

You can also read my article about 'The Dynamics of The Price Move':

https://www.mql5.com/en/blogs/post/757693

Can and How Cybele Be Used In Prop Trading Challenges?

• Short answer is yes, it can be used.
• Cybele does not use grid and martingale strategies.
  
• It is also not programmed for  high frequency trading.
• Cybele is a position trader and has a complex algorithm to decide trade entry points.
  
• Cybele presents many time and day adjustment parameters which some prop companies require.
• Every position comes with TP and SL points as soon as an order is placed.
  
• Cybele provides a perfect risk-return ratio and is safe up to the 5% daily DD limit .
• Cybele is one of the safer algorithms on marketplace for 'Black Swan events in financial markets.

Therefore, Cybele can be used in prop company challenges as long as you use it with correct settings.

Robustness and Consistency Tests

• Cybele is one of the most complex trading algorithm in the market place but all these complexity put under the hood. Even first time EA users can easily run without hassle.
  
• As we stated earlier, for developing a successful trading algorithm, you must use different testing tools. Cybele is developed completely outside of the MQL5 platform.
• During the development process, significant time and effort has been carried out for the robustness checks with 'what if scenarios', 'Monte Carlo simulations', 'out of sample tests' and 'sequential optimization'.
• Cybele is also tested in many brokers and the consistency and robustness of test results are compared under different tick-data environments.

How Does Cybele Operates?

• In its core, Cybele is designed to take advantage of price action anomalies in NASDAQ. Confirmation of trades conducted through another complex algorithm.
• All complexity is put under the hood and users only need to control a few parameters.
• It is also ready to go for NASDAQ and no need to conduct any optimization.

Before First Time Use Cybele :

1. To start with, we provide Cybele 'free of charge'. You should never think it is not a qualified trading algorithm. It does quite a good job with NASDAQ and can beat many expensive trading algorithms with its safeness and robustness.
2. Always be kind and do not hesitate to ask questions. If you are happy with it, please leave a comment. The support is important for us to present more developed trading algorithms.
3. Remember, Cybele is designed only for NASDAQ and only M12 or M30 timeframes.
4. Recommended minimum balance is $1k for 0.1 lot standard accounts and $100 with 0.01 lot for the cent accounts.
5. We strongly recommend you use Cybele in a demo account for at least 2-3 weeks before you put it in the real or prop company accounts. ( This rule should be applied to every EA you use.)
6. We strongly recommend you test Cybele with at least 2 strategy testers from different brokers. Return and risk should be more or less the  same. If you have more than 20% difference in results across brokers, you may need to re-calibrate some parameters. ( This rule should be applied to every EA you use.)  
7. Grid and martingale strategies are not used. When EA places an order, it places TP and SL points straightaway.
8. The starting lot is 0.1 lot for standard accounts. That is, if the index moves from 10000.0 to 10001.0 your gain is $1. Depending on your equity, you may prefer increasing or decreasing the lot size. In your broker, you need to check this in the demo account. As for some brokers, 0.1 lot size generates $0.1 gain -  when the index moves from 10000.00 to 10001.00. For example, for the ICMarkets, you need to change the lot size from default 0.1 to 1. 
9. You can control the following parameters:

Bollinger Bar Period: The period of the Bollinger Bands.

Move SL Coefficient: Imagine the situation: You open a position and the position turns positive for the beginning but does not hit TP. Now imagine price started to move opposite direction. Should you wait or get out? If opposite signal is received, Cybele closes this open position and does not allow to turn from positive to negative. This is complex algorithm and this coefficient controls the magnitude of this decision making progress.

Adjust Tick Size: As we noted earlier, the data flow can change from one broker to another, which is the main source of failures of expert advisors. This parameter normalizes the tick values to a standard value. So, you should not have a huge difference across different brokers when this parameter is set to true. 

All other parameters are self explaining. You just need to note, you need to ask your broker the server time and you should adjust the time in line with your broker's time.