Sorry to hear that Forex Cyclone did not work for you.
Maybe your misfortune had something to do with the fact that your accounts were not denominated in USD. Also, different brokers will yield different results due to spreads, trade execution speed, etc. That’s why I stuck with the broker suggested in the Forex Cyclone instructions document – Interbank FX (IBFX).
My results have been good. As I type this post, in four weeks and part of a day of live trading, my $1,000 account has increased to $1,115.11 – an increase of 11.511%. I’ll take an 11.511% monthly increase on my money anytime.
As you can see at dllfxcyclone.mt4stats.com, so far I have 23 winning trades and three losing trades for a win percentage of 88.46%. I do not have even one instance of two or more consecutive losing trades.
Of course, there’s no guarantee that this kind of success will continue indefinitely, but I am happy so far.
Forex Cyclone is the fourth EA that I have tried. The other three failed miserably, quickly, and were returned for refunds. Forex Cyclone is the only one of the four that has shown success for more than a day or a week, let alone for an entire month of live trading following two weeks of successful demo trading.
Cyclone worked the best for me on an FXPro demo account, much better than the IBFX and FXDD accounts.
It turned a $1K account into $2.4K in a little over two weeks with high risk trading on multiple (10-12) currency pairs.
It made 24 consecutive positive trades then the losses started when the market started to jump around a lot beyond it’s 65 pip SL.
The first loss was $733.xx then more that dropped the account down to just over $1,200.
I wanted to test it on other currency pairs which it did well on at first but the largest losses were with any pair with the JPY, it doesn’t do those well.
I started over on a new demo account trading EUR/USD only, I’ll see how that goes with a fresh start on the currency pair it was designed for.
Gosh, no wonder why Forex Cyclone did not work for you on your first go-round. You tried to outsmart it by venturing way outside its parameters, trading pairs other than EUR/USD and risking an unduly high percentage of your account balance on each trade.
I am trading with Forex Cyclone with its default, out-of-the-box settings, with the exception of PercentRisk. As I mentioned in an earlier post on this thread, there appears to be a bug with the PercentRisk input setting. If you want to limit your risk on any trade to 5% of your current account balance, set PercentRisk to 3.47, not 5.00.
And by all means, trade with Forex Cyclone only on the EUR/USD M30 chart, 24 x 5 Sunday - Friday when the FOREX market is open, as instructed in the instructions document that comes with the product.
Sadly, I had to flush Forex Cyclone this week following lots of losses, each one wiping out the gain from five or six winning trades, knocking my account balance down to below what I started with weeks ago.
And now I have a refund fight with the seller of Forex Cyclone on my hands. After I requested a refund through Clickbank, the seller refused it and wrote back telling me to shut the robot off until EUR/USD goes back into an up trend. Huh? I guess Forex Cyclone is not intelligent enough to detect a down trend and place sell orders. In a month and half of demo and live trading, Forex Cyclone did not place one single sell order.
Where it stands now is that I wrote back to the seller demanding that they honor their 60-day, no questions asked money-back guarantee. Otherwise, I will escalate my refund request to Clickbank and/or issue a chargeback through my credit card company.
I requested a refund from Clickbank after about 30 days of testing and the seller turned it into a support case and I was told to run it for another 60 days and if it wasn’t up by 20% they would issue a refund then.
I wont let it go beyond the 60 days, I’ll test it up until that time then request the refund again.
I started Cyclone out on a new demo accout and it’s not off to a good start, first trade was positive then three losses.
The Forex Cyclone website was for sale/auction on Flippa.com for a while, it didn’t sell.
In the Q&A section there was a question about the refund rate and the answer was less than 20% because it worked well.
It did for a while but not anymore.
Gotta tell ya, never again will I buy an EA selling for $97 and promoted by a Web site that promises quick riches and goes on and on and on, taking darn near a half an hour to read through the whole site. Seems to be the modus operandi of garbage EA sellers.
I also tested it on a few demo accounts with default, out of the box settings and couldn’t make pips with it. It did make some sell orders for me though.
I’m in the same fight with the Forex Cyclone people. I’ve been going back and forth with them for the last couple of days. They keep changing my refund request to technical support which I change back to refund request. Rinse and repeat 3 times so far.
They told me that a [I]“We will have a new release to fix the problem soon. WE really want to our users to try before quitting. Thanks for your patience.”[/I]
Soon? When? I’m not going to hold out any longer and beta test a release for them while my 60 days goes flying by.
I’m going to be escalating it to Clickbank if they don’t do something in the next 48 hours.
[B]EDIT:[/B] They’re refusing to give me my money back. Escalated to Clickbank. Buyer beware.
[B]FINAL EDIT:[/B] Escalating to Clickbank got me the money back. BTW…they’re not supposed to change the state of the ticket from refund to tech support according to Clickbank rules. If they do this too often, they risk losing a “sale save” provision and having refunds immediately approved.
they also refused my refund, and by now my demo account is down really bad with 2 consecutive loses, im going to file for a refund again and if they turn it to a technical support then im going to escalate it
My last post to this thread here . . . The seller of Forex Cyclone finally refunded my purchase price of $97. The refund hit my credit card account today.
I requested a refund from Clickbank, not the vendor over a week ago and the seller changed it to a support case stating that if I ran Cyclone on an account for another 60 days and the account wasn’t up by 20% then they would issue a refund.
Clickbank sent me an email a week later about the refund with a link to check the status of the claim.
On that page there was a link to escalate the refund request back to Clickbank which I did.
The next day Clickbank approved the refund stating it should be credited back to my account within a few days.
I am not surprised that this robot did not work out. The landing page was well exaggerated.
Seems also that the seller is a pain, since he is refusing refunds. This shows that he is just an internet marketer and not a forex trader. There is whole lot of techniques that these people use to try and make you change your mind.
Been long ago that I decided to stay away from this type of robots that you can easily pin point that what they are selling is a peace of crap. If a robot is not coming from a reputable forex trader I would buy it.
help !!! everytime i request for refund. they just reject my ticket and make it open ticket again !! WTF. anyone knows how to file a dispute? i want my money back !!!
Escalate it to Clickbank when you are in technical support mode. Don’t bother checking the please refund option. I just got my refund by escalating to clickbank.
the day i escalate…the next day the vendor replies me with this. they are so arrogant. it just doesnt work. i dont think they are even going to update it at all and just hope people’s version to expire. Cheaters
Unless they changed their website, the website says [B]FOR ANY REASON[/B] you can ask for your money back. I didn’t see anything in there about having to send an account statement.
Has Clickbank responded to you yet? When I was in the same situation, I just changed the request back to refund and typed “Escalated to Clickbank” and hit enter. No use wasting trons on someone that isn’t abiding by their terms.
no they havent. I wonder why? what should i do now? change the status back to refund again n type nothing in the comment box n shoot back at them? these guys are irritating.
