CyNera MT4 EA - or how you are being sold an illusion

CyNera MT4 EA - or how you are being sold an illusion
Published: 20.12.2024 Reading time: 26 minutes 36 5098
cynera-ea
CyNera EA operates on the cutting edge of neural network technology, integrating advanced neuroevolutionary algorithms to optimize trading precision and predictive accuracy. By leveraging performance-based learning, the system continuously adapts and evolves its trading strategies, ensuring dynamic responsiveness to shifting market conditions. This self-improving approach allows CyNera to identify high-probability trade setups with unparalleled efficiency, and blah, blah, blah… and so on down the text. You can read all this at MQL5, which has long ago turned into a platform for trading dubious products that do not even undergo some elementary testing by specialists. But this is discussed below.

Сharacteristics of the CyNera EA v.4.60
Official website: MQL5
Platform: Metatrader4
EA version: 4.60
Currency pairs: XAUUSD (GOLD)
Trading Time: Any
Timeframe: M30
Minimum deposit: $100 (or 100 USD cents, best conditions here ➔ ProCent)
Recommended broker: Roboforex, XM, Tickmill | Prop Firm: The5ers, FTMO
How does it work?
The trading algorithm of this Expert Advisor is not disclosed by the seller for obvious reasons and, as in most of this kind of trading junk, it is masked with phrases like "Advanced strategies and technologies", "Combination of neural network technologies" and other new-fangled formulations designed mainly for naive inexperienced traders. But when I see such descriptions and backtests with a perfectly flat profit growth line with a drawdown of no more than 2%, I can't look at it without a smile. By the way, take a look for yourself:

Backtests
And although testing on historical data for this ‘creation’ is useless, as it has manipulations with test data, but I still made a couple of them for clarity and understanding of how "perfect" the product is offered to us for such modest money:

2010-2024 Low Riskcynera-ea-backtest-low-risk

2010-2024 High Riskcynera-ea-backtest-high-risk

Note that the test is performed with a quality of 99.9%. Such a high result can only be achieved by using TDS2

Tell me, looking at these graphs, are you happy with everything? I'm not. My experience over the years tells me that I'm being blatantly hoodwinked.

Live signal from the seller:

cynera-ea-live-signal

Live signals of the my demo account with Cynera 4.0 on MyFXBook:

Cynera 4.0 | Roboforex DemoCyNera MT4 EA - or how you are being sold an illusion

Parameters of the CyNera EA
View settings
In general, I have no desire to talk about this EA further, but in order not to disturb the order, let's continue.

In the settings of the Expert Advisor, you can make changes to the trading of the Expert Advisor with or without the use of artificial intelligence, adjust the risks and money management, as well as enable the PropFirm mode, if necessary (read more in the Manual, which is available in the archive with the Expert Advisor).