Another trade just put it back in the black.
I raised the risk to 15% before it made the trade.
Nu24X
Hi,
On live account it is performing quite the same, as far as I see - in the last 3 weeks it does around 5-6% a week. It seems to be consistent and I agree it’s being picky is a good thing. You don�t need to make huge profits if you’re hardly losing any trade�
Honestly …I think a little ‘human intervention’ is needed. I seldom allow the bot to have a huge runaway lost …
Noticed on the last loss trade that the system had your contract position almost doubled. Is that normal?
No, it’s not normal, I bumped up the risk percentage to 20% before it made that trade.
With the risk set at 20% it risks about 28% on a trade, with it set at 15% it risks about 20%, about 1/3 more than it’s set at.
That’s the amount of the 65 pip SL.
IBFX Demo - cyclone1k.mt4live.com
Down over 20% and now in a trade that doesn’t look so good.
Nu24X
At this time the IBFX $1K Demo account is 20% down at -$197.11.
The FXPro $1K Demo account is up 48%, +$476.00 since 9-25-2009 with 9 winning trades and no losses with the risk now set at 15%.
The risk was at 5% for the first two trades (0.10 lots +$14.00 per trade) then I bumped it up to 15%.
It then traded 0.40 lot sizes at +$56.00 per trade for the next 3 trades.
It now trades 0.50 lots at +$70.00 per trade for the last 4 trades.
The FXDD account is down with 2 losing trades, -130 pips and only 3 wins at 14 pips, 88 pips down total.
Nu24X
So the FXPro account seems to be working very well with this EA.
Why do you think this is so? Are the spreads tighter?
The spreads are better on FXPro than the other accounts but I don’t think that is the only reason why it does so much better than the other accounts.
It enters at a better position and takes profit while the other accounts don’t quite get there and end in a loss when the market goes against it.
FXPro is a ECN broker, not a market maker.
The charts aren’t the same on all brokers, small variations that could make a difference in the way an EA trades.
That’s just my 2 cents worth and more testing is needed to confirm such.
Nu24X
So far, so good trading live. As I write this, Forex Cyclone has opened and closed 20 trades, with 18 winners for 90%. My $1,000 starting balance has increased to $1,112.53. Not bad for being in the middle of my third week of live trading. 
My live account is with IBFX.
Follow along with me at dllfxcyclone.mt4stats.com.
BTW, the PercentRisk input parameter doesn’t work quite right. To have Forex Cyclone truly risk 5% of your account on any trade, set PercentRisk to 3.47. That is what I did between the last trade on 2009.09.30 and the one trade on 2009.10.01.
How did it do after this week?
I had some good positive trades then some big negatives.
Two accounts down, one account still positive.
Nu24X
It had a good week with seven trades, all winners.
Three complete weeks in the books with 19 winners out of 21 trades and an 11.24% increase in my account balance.
View the complete history at dllfxcyclone.mt4stats.com.
It is a live account.
Hello,
I bought Cyclone 2 weeks ago because of all the good talk about it.
the explanation of how it works appear to be really simple, at least for me it always open only “buy” trades, not one “sell” so far.
A word of caution though… the very first trade that it opened in my demo account was a bad one -715 USD, the next 6 were positive, each one earning something like USD 115 or so, and after a week and a half of that terrible beggining im back in blue numbers (5115)
Ill see how it goes after going live
Forex Cyclone Support told me that the EA does place sell orders when conditions warrant. Looking at the account statement on the Forex Cyclone Web site, I see a couple of sell orders.
This EA does appear to be a follow-the-trend EA. As we know, the USD has been in a free-fall against the EUR recently. I believe this to be why Forex Cyclone has placed only buy orders on the EUR/USD lately.
Based on my demo and live account trading history, this EA appears to average one losing trade for every 8 - 10 winning trades and needs four or five winners to make up for each loser, so you’re still getting about 2-to-1 positive results overall. Not bad for a $97 robot. So far, I am quite satisfied with it.
Cyclone trades in a channel when the market is ranging.
The first two weeks of testing on a demo account it made 24 positive trades with no losses and took a $1K account to over $2.4K.
Being it done so well on the demo and that it takes 4.6+ positive trades to make up for a loss I put it on a live account.
The first trade ended in a loss and it took me all day trading that channel to recoup it’s losses.
I made 6 positive trades to bring the account back in the black, over 100 pips when the market high to low for that day was only 60 or 80 pips.
The gains Cyclone makes are small, 14 pips and makes several positive trades but 3 or 4 losses are larger than the gains.
Keep a close eye on it when it makes a trade, if it doesn’t look good tighten the stop loss, if it does look good increase the TP some.
I’ve also watched come within 2 pips of the SL and end up with a positive trade.
Just keep in mind the news releases that make the market move a lot, sometimes more than enough to hit the 65 pip SL.
If I had it turned off when the news about the GBP came out it wouldn’t have seen so may losses and retained it’s gains.
Nu24X
I am not going to manually monkey around with Forex Cyclone. I’m just going to let it do its thing as long as it remains profitable.
Why? Some of my trades that ended up winners were within 1 - 3 pips of the 65-pip S/L before those trades turned around and ended up winners. Had I manually tightened the S/Ls as you suggest, those trades would have stopped out and I’d be kicking myself for having tightened the S/Ls.
Ditto for the T/P side, as some of my trades just barely hit the 14-pip T/P and closed with profit before going the other way almost immediately thereafter. Manual intervention is a two-edged sword.
Besides, manually intervening with trades defeats the whole purpose of trading with a robot. I’m very busy and have neither the time nor the desire to glue my face to my computer screen and monitor my trades. That’s why I purchased an EA in the first place.
Yes, Forex Cyclone’s gains are small when compared to its losses. But the losses are very rare. Such is the nature of any scalping trading method.
I will continue to let Forex Cyclone trade unattended. I like the way it trades one and only one low-spread pair, one trade at a time, with a large enough – but not ridiculous – S/L to give the market volatility room to breathe. If and when Forex Cyclone craps out and depletes my account, I will flush it away.
i Have another question about this EA.
For what i can see cyclone chooses the amount of lots depending on the amount of equity and what % of this equity the user chosed to risk.
Im in a special condition because my broker uses a platform that show my equity in CLP (1 USD = 550 CLP), so right now i have an equity of CLP 2.000.000
I have the fear that this bot will think that i have USD 2 millions and chose to play with lots bigger than i should because my equity in reality is something like USD 3.600
What can i do to avoid this?
just pressed the refund button, 2 big loses ate all the profits and some more…
going to see whats all the fuzz about pips miner…
I’m going to check out this one also, purchased it and have it set up and ready to go.
See you on the PM thread, keep us posted there.
I did the refund too but I don’t think it will come as quick as the IvyBot refund, it was turned into a support ticket requesting 60 days of trading results before they would issue a refund. I’ve been testing it for 30 days now so I’ll give it another 30 days on a demo account without going beyond the 60 days.
Cyclone did well on demo accounts, 24 positive trades and no losses so I put it on a live account, first trade was a loss and it hasn’t done all that well since, it doesn’t take many bad trades to wipe out all the gains and then some.
Maybe it will do better in the next month but it has a deep hole to dig it’s way out of to be 20% positive in the next 30 days as required for the refund if it’s less than that.
It does well when the market is ranging and makes many good trades until a news release goes against it, disable it before the news and give the market time to settle down to avoid consecutive losses.
I didn’t do that, I left it running all the time so I can’t blame all the fault on Cyclone.
Nu24X