Forex Cyclone Review
Note: See my test results and recommendations at the bottom of this review.
Forex Cyclone is a forex robot sold by David Pew. Whether he is the developer or not, is not sure. It operates only on the EURUSD pair in the 30 minutes time frame, has a 14 pips profit target and supports the transaction with a 45-65 pips stoploss. It adapts automatically to the 4 and 5 digit price quotes and runs on ECN brokers as well.
Forex Cyclone Claims
The customer will have a 90% chance of making a profit from each trade. No brainwork is needed – the robot makes the decisions and does all the work, 24 hours per day on autopilot, thus eliminating the risk of human error.
He also makes the following debatable claim: “(Forex Cyclone) has the highest winning percentage and return on investment than any other trading tool on the market today. It’s the only trading tool of its kind that consistently spits out winning trades for you to make, day-in and day-out …”
Forex Cyclone Proof of Claims
- David Pew himself. He say’s he’s “living proof” of the success of his robot. He substantiates this showing how he made $100k+ in two weeks’ time with 14 consecutive winning trades, following this up with more winning trades, making more that $145k in more than 20 consecutive winning trades. In the last two years he made close to $1m. in 32 consecutive winning trades and 2 losing trades.
- He provides screenshots of real live trading accounts of how he made these profits.
- Video testimonials of successful customers.
- Text testimonials of successful customers using this robot.
How does Forex Cyclone work?
For opening a transaction Forex Cyclone relies mainly on Stochastics and Parabolic SAR as entry signal. It opens only one trade at a time. To exit the trade the robot uses a fixed profit target of 14 pips and stoploss of 45-65 pips.
Everything is plain and simple and it uses a built-in money management, which enables the user to determine the amount of risk he’s willing to take.
The Forex Cyclone Package
The following is included in the $97 package:
- the Forex Cyclone Expert Advisor (compiled .ex4)
- a 2 page Document in Word Format
Forex Cyclone comes with unlimited license.
Guarantee: 60 days money back guarantee.
My Forex Cyclone Test Results and Conclusion
I tested Forex Cyclone for 2 months and the it made consistent losses right from the start. Overall the account was down by -20% when I decided to stop the test. Furthermore, the average loss is 5 to 6 times the average profit and this type of risk/reward ratio just doesn’t work in the long term.
See my testing stats and account statement on the Forex Robot Testing page. Based on my own test results I wouldn’t recommend this product to anyone and would definitely suggest that you focus on one of the robots on my Top 5 list or subscribe to my weekly robot testing newsletter.
