If/When you’re live with this and have results im sure many people here would love to see them! Sounds good so far but I also agree with an above poster, if markets are trending, this should also be tested in choppier waters.
i just wonder sometimes how come some EA can work well with demo but not live.(im not saying cyclone) just wondering some reviews out there abt some other ea’s. does it have to do with the broker?
I’m finding alot of EA’s aren’t working with forward testing, yet backtests work fine. It’s generally a problem with brokers increasing spreads during the hours that the EA’s would trade, mostly scalpers.
I’m Also running Forex Cyclone and its doing quite well.
(customer not ventor)
As I mentioned in my last post, Forex Cyclone places its T/P point at 14 pips. As I am pretty new to FOREX trading, allow me to defer to experienced traders and experts. Is a T/P of 14 pips considered scalping? My gut instinct tells me no. Correct me if I am wrong.
“. . . during the hours that the EA’s would trade . . .”
Forex Cyclone does not appear to have any set pattern regarding which hours it trades. It has no input setting to prescribe trading hours. All of the trades in my demo appear to be opened at random times. So Forex Cyclone must open a trade whenever its parameters are met, regardless of what time of day it is. I do know from my demo that at any given time, Forex Cyclone has either zero trades or one trade open . . . never more than one, and as a believer that too much trading will destroy your account, I like that.
From what i see…this EA doesnt trade in the U.S session. It trades more on the Asian/EUR session. i didnt see the code but so far mine reacted this way. And this is a scalping EA FYI. 14pips is short. But safe i should say because of the entry point. So far i had one draw down but profited in the rebound. So far so good. i saw on another site that some guy is profiting putting cyclone on other pairs to trade as well ~weird enough he is profiting.
The name of this robot tells everything by itself
I bought Forex Cyclone late today and testing it on a demo account to see how it goes.
There’s a lot going on with this EA right now which may or may not be a good thing pending the outcome.
One plus is that it’s a Clickbank purchase that allows you 60 days to test it on demo accounts. If it doesn’t perform to your satisfaction you can get a refund no questions asked and so far the refund rate on this EA is low considering the factors involved, maybe due to such short time on the retail market and lack of testing time.
Give it a test run and post your stats so we can determine it’s worth.
Nu24X
Looking forward to seeing the results. So far I have only been compelled enough to give megadroid a thought but am still debating.
so far so good. i see that during really volatile stages cyclone doesnt enter a trade. e/u is acting up crazy this 2-3 days. ive yet get a trade. honestly speaking i’d rather it doesnt trade during such volatile periods. its really dangerous and it could anytime wipe your savings away. Anyone using live account yet? so far up 387 profit
The fist full day of trading FX Cyclone made two trades on two different demo accounts, both with 14 pips profit, $15.00 on one and $15.40 on the other.
Both are $1K demo accounts, one of which I was trading manually with a few small losses when it made a trade so I thought it would be best to put it on it’s own demo account for posting the results of it’s trades.
I have it set to the default 5% risk setting which could be set to 10% if the market is trading in a nice range.
The market was ranging and it went long in the middle of the range with a hefty stop loss below the bottom of the range.
A fairly safe trade as long as the market stays within the range and doesn’t break out in the wrong direction really hard.
It could easily be wrong if there was a trade open during a news release if it went against the trade.
The only setting that can be changed is the percentage of risk, the SL and TP can’t be changed.
The only other thing that can be changed is the magic number which has nothing to do with the trade.
So far so good, 50+ days left to play with it to see how it goes.
Nu24X
I have seem a lot of post about Forex Cyclone EA. Can anyone roughly brief us new people about the setting of this EA? or we just drag and drop in the platform. Then the EA will run by itself or a lot of manual setting are required.
Started trading Forex Cyclone live with the opening of the FOREX market on Sunday, September 27th. Opened my live account at IBFX with USD $1,000, $50 of which IBFX gave me just for opening the account. It’s some promotion IBFX is running right now for opening a mini account.
So far, one trade – a winner – in the books.
Follow along with me on my stats page at dllfxcyclone.mt4stats.com.
Cyclone on a 1K demo started on 9-25.
Three winning trades so far and in a trade at this time that doesn’t look so good.
Nu24X
9 winners 1 loss so far. 1 loss is heavy enough to wipe u off 4-5 winnings. ~ u just started demo recently? isnt that too late? LOL
For this one maybe, prior I tested IvyBot for 6 weeks.
After I received my refund on it I purchased Cyclone and began testing it.
The counter trend trade it was in resulted in a loss.
I’m thinking to set it to sell only.
Nu24X
this bot is a scalper…nevertheless…the counter trend came with the news. not with trend. therefore cyclone could not react to it. Furthermore, if u just set to sell…ull be missing out on alot of trades…even pull back can be 14 pips n up for the up move. u might just wanna leave it at that.
Its more or less set it and forget it… seems to win more than loose
Bactested ok did like 10 million from 2000 to 2009
my stats MT4 Stats Publishing
Finally 50 posts
It made up some ground with two winning trades so far today.
I saw somebody’s stats where Cyclone didn’t make that losing trade.
They must have had their computer turned off at that time.
At least this one trades often unlike the last one I tested.
Post your stats so we can compare.
Nu24X
I didn’t change it. If I’m going to test it I need to leave it alone and let it trade however it sees fit.
Nu24X