Forex Cyclone EA

[DennisL]

Forex Cyclone appears to be new, or almost new, on the market. I have seen two positive reviews and no negative reviews of it so far. I am thinking of buying it and running it on a demo account.

Has anybody tried this EA yet? Please post your findings here.

[DennisL]

Originally Posted by mmgateway

Heres a good grab for custom indicator that gives you automated buy and sell signals.

With this indicator, I would confidently say that you can have a good 80% winning trades.

Follow the link here : accurateforexforex.info/lmt

The link that you posted does not work, but I found the site anyway. It's Dean Saunders' L-M-T. Been there done that. It's a manual trading methodology. Not saying that it doesn't work, but a link to any manual trading methodology does not belong in the "Expert Advisors and Automated Trading" forum.

The link is also an affiliate link. Don't spam it here.

[DennisL]

I decided to go ahead and buy Forex Cyclone. I've had it running a $10,000 IBFX demo account for about three days. So far, it has one trade that approached its stop loss two or three times (came within 12 pips) and its take profit point a couple of times (within a pip or two) before finally blowing through the take profit point this morning. The profit was $155.40 - $0.10 swap = $155.30 on the trade of 1.11 lots. The trade was open for 20 hours and 42 minutes.

Forex Cyclone trades EUR/USD M30 only, one trade at a time. Another review site that has been testing Forex Cyclone for awhile says that it averages about six trades a week, so this EA must be pretty selective, which is a good thing. It sets stop loss at 65 pips and take profit at 14 pips. Its default settings have each trade risk 5% of your account balance.

IBFX is a five-digit broker, so we know Forex Cyclone works with five-digit brokers.

The big downside to Forex Cyclone is that their customer support is non-existent. I have submitted the same set of questions to their support e-mail address three times during the last few days. No response from them.

So far, I give Forex Cyclone three out of five stars. I would have given it four stars, were it not for the non-existent customer support.

[DennisL]

I have MT4 stats running on my IBFX Forex Cyclone demo account. So far, Forex Cyclone is 2-for-2. Can't draw any conclusions from two trades, but it is an encouraging start.

Follow my forward test here: dllibfx2.mt4stats.com

Customer support is still non-existent. They never replied to my questions referenced in my previous post.

[DennisL]

Just got a reply from Forex Cyclone support apologizing for their lack of response to my inquiries and explaining that their lack of response was due to their support person bailing on them, thereby leaving them shorthanded to provide support.

Anyway, my questions about Forex Cyclone are now answered. Trusting that their support will be responsive from now on, I will raise my rating of Forex Cyclone by one-half star.

[holycreation]

i went thru some review thinking this is not bad. Im thinking of getting it. let me know how it goes and see if ud like to go live with it. Keep posting. Cheers =)

[DennisL]

Earlier today, I began a second demo of Forex Cyclone on my desktop computer because I had to unplug my laptop computer to take it on a service call for a client of my computer technical support and assistance business, and I didn't want to miss any possible trades. Both demos are with the same broker (IBFX) with starting balances of $10,000.

I have created a separate MT4 Stats page for the second demo, so you can follow both demos at these sites:

for the laptop computer : dllibfx2.mt4stats.com
for the desktop computer: dllforexcyclone.mt4stats.com

Both demos will be running simultaneously most of the time, so most trades will appear in both sets of MT4 Stats. You can ferret out the duplicates for yourself to get the true picture.

Forex Cyclone did complete another successful trade today in my desktop demo while I was out on my service call. That's 3-for-3 winners since I began running the demos. Forex Cyclone is averaging roughly one trade per day since I began running my demos.

This is an encouraging start.

[DennisL]

Just took a look at my demos before hitting the bed for the night. Forex Cyclone opened and closed another trade for profit over the course of 4 hours and 31 minutes while I was enjoying the Monday Night Football doubleheader, a few drinks, and a BBQ.

Doggone robot is 4-for-4 in my demos for over $600 profit, starting with $10,000 of Monopoly money. Not even a whole week of trading in the books yet.

I could live like a king on $600 a week of extra money.

Can't draw any long-term conclusions yet, but this is getting kind of exciting.

[DennisL]

Holy Cow! Just got home from a very busy day and checked my Forex Cyclone demo. Two more trades, two more winners. Now 6-for-6 since I began with the demo.

MT4 Stats here: dllforexcyclone.mt4stats.com

[holycreation]

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