Forex Cyclone EA

[DennisL]

Originally Posted by holycreation

are you thinking of going live with it soon? seems like its quite consistant throughout all these reports ~

Not so hasty yet. It has only been one week. Expert traders in any market (stock market, commodities, options, futures, FOREX, whatever) will tell you unequivocally to demo trade any methodology that you believe to be the holy grail for a *minimum* of one month, preferably up to six months or more, before running with it live.

I am a conservative person by nature, especially when it comes to my hard-earned money. Ergo, I am going to demo Forex Cyclone quite a bit longer before considering going live with it.

But I must say, never before have I demo traded any methodology -- manual or automated -- in any financial market -- that began 6-for-6 right out of the gate. And I have demo traded many methodologies in different financial markets without any success -- even for one week -- until now with Forex Cyclone.

I'm excited and open-minded about Forex Cyclone, but cautious and dubious at the same time. As with any new and untested methodology, Forex Cyclone may very well crash and burn with its next six trades. I've seen it happen so many times before . . . start out like a house on fire and end up like a pile of you-know-what.

Stay tuned. Whether Forex Cyclone continues winning or crashes and burns, I will post updates here. And of course, you can continue to track my forward test along with me at dllforexcyclone.mt4stats.com.

[holycreation]

Originally Posted by DennisL

Not so hasty yet. It has only been one week. Expert traders in any market (stock market, commodities, options, futures, FOREX, whatever) will tell you unequivocally to demo trade any methodology that you believe to be the holy grail for a *minimum* of one month, preferably up to six months or more, before running with it live.

I am a conservative person by nature, especially when it comes to my hard-earned money. Ergo, I am going to demo Forex Cyclone quite a bit longer before considering going live with it.

But I must say, never before have I demo traded any methodology -- manual or automated -- in any financial market -- that began 6-for-6 right out of the gate. And I have demo traded many methodologies in different financial markets without any success -- even for one week -- until now with Forex Cyclone.

I'm excited and open-minded about Forex Cyclone, but cautious and dubious at the same time. As with any new and untested methodology, Forex Cyclone may very well crash and burn with its next six trades. I've seen it happen so many times before . . . start out like a house on fire and end up like a pile of you-know-what.

Stay tuned. Whether Forex Cyclone continues winning or crashes and burns, I will post updates here. And of course, you can continue to track my forward test along with me at dllforexcyclone.mt4stats.com.

thanks. not only did i check out your stats i also looked at others as well. performing really well so far as i can say. Even better than my Ivybot. EUR/USD especially is very trecherous grounds to play with recently. The results i see Cyclone is playing with dangerous grounds are quite impressive i should say. im a heavy GBP player, recently got burnt badly because of the governor mentioned rate cuts n !@#$. man o man...

[holycreation]

just bought cyclone.~ would see how it spins ~ =) Guys..keep posting ~

[jimtong]

Hi,

My 1st post I think we need to allow this EA to be test in all market condition. As EUR was trending very strongly in the past few weeks, it could mean that this EA is good when there is a trend, but we need to test it out on choppy market. We never know, when choppy market comes in, your gain might give back to the market.

I prefer to test it for at least 2 months and see how it fare.

Just my 2 cents.

[holycreation]

well...this condition is going to last at least 3-6 months for me as a mechanical and technical trader pov. Cyclone is said to be adaptable to market conditions. Lets watch and see how this goes. I might go live with it soon. Seems to be working alright. hope they have other pairs coming up soon. one pair isnt going to work as good as it is now as the trading amount isnt enough.

[jpace]

how come you had the balls to purchase this robot based on a back test in their website?!

[holycreation]

Originally Posted by jpace

how come you had the balls to purchase this robot based on a back test in their website?!

so far its the posted results that got me attracted to it and ive been getting decent results with this. either or not. there is a 60click bank trial on it. Furthermore, it doesnt trade in risky conditions. i'd trust it for now. i dont believe in backtests anyways...but results will show much better .

[DennisL]

Tried to post this Sunday morning, but the site was down.

The first full week of my Forex Cyclone demo is wrapped up. Total number of trades since the start of the demo - 9, winners - 9. Amazing! I'm convinced enough to go live with a small amount of money.

For now, I have to rate Forex Cyclone five demo stars.

I have opened a live mini account and will begin trading next week once the account is funded. At that time, I will set up an MT4 Stats page so that you all can follow along.

[holycreation]

Originally Posted by DennisL

Tried to post this Sunday morning, but the site was down.

The first full week of my Forex Cyclone demo is wrapped up. Total number of trades since the start of the demo - 9, winners - 9. Amazing! I'm convinced enough to go live with a small amount of money.

For now, I have to rate Forex Cyclone five demo stars.

I have opened a live mini account and will begin trading next week once the account is funded. At that time, I will set up an MT4 Stats page so that you all can follow along.

congrats on such winnings. so far my winnings are 100% one open trade now though. hopefully it closes as a winner. So far the TP target is much easier to hit than the SL. so if it heads to the SL area. ull be in deep trouble. And the ENtry point for F-cyclone is quite good. Hope Dennis bro will have a good result with the LIVE ACCT.(will be watching this space) im going live soon with this.. Good luck guys !!! Happy Trading.

[DennisL]

Originally Posted by holycreation

congrats on such winnings. so far my winnings are 100% one open trade now though. hopefully it closes as a winner. So far the TP target is much easier to hit than the SL. so if it heads to the SL area. ull be in deep trouble. And the ENtry point for F-cyclone is quite good. Hope Dennis bro will have a good result with the LIVE ACCT.(will be watching this space) im going live soon with this.. Good luck guys !!! Happy Trading.

During my 9-for-9 demo so far, two trades got close to S/L, within 10 - 12 pips.

What I have seen so far is that Forex Cyclone places a S/L of 65 pips and a T/P of 14 pips, so you are risking nearly four times your T/P on each trade. It seems to be a reasonable compromise, with a large enough S/L to give the market breathing room to allow for volatility, but small enough to not wipe out a large portion of your account when you have a loser. The T/P of 14 pips also seems like a reasonable compromise -- not so small that your are scalping for peanuts and not so large that your are shooting for the moon.