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