Forex Cypher – Incredible New Forex System!
This trading robot Forex Cypher however seems to be unlike any other robot that is being released. Normally when forex robots are sold, you get the expert advisor that you can upload into your Metatrader 4 platform and begin trading. The EA normally comes with simple installation instructions and the optimal settings to adjust if needed, for those beginners, but that’s about it.
So what does Forex Cypher include in their package?
The ‘Forex Cypher’ package:
– Provides a complete 60 page walk through of the FOREX market
– Provides sample trading plans to BOOST your confidence
– Fits around your normal working pattern
– Allows you to trade times that suit you – 24 hr trading on a 24 hr market
– Can be used in every single country, all over the world
-100% mechanical and automated
– Access to unlimited 24 hour support
Timing is critical in Forex, there’s no room for human error…so don’t you want something that knows exactly when to step in and out of the market, “selective trading” as I call it….something that both makes money and stops dead any losing trades? That’s something can be found in Forex Cypher.
Another thing that I would like to say in my Forex Cypher review is that the best part is everything is explained from the foundations up and written in clear easy to understand English, so you can trade like a pro! A step-by-step guide to success – There’s also included a bonus introductory guide to Forex for the nubes so you guys can REALLY hit the floor running.
The manual has easily digestible information and in-depth explanations so that even if you have never traded in Forex before – you will be set up and making BIG money in no time. They will show you step by step how to ‘take profit’ and ‘stop loss’…the dirty little secrets used by the PRO’S are all exposed in this remarkable manual.
License
Forex Cypher comes with unlimited license.
Installation
The installation is simple. The only missing information in the manual is the pairs to use the robot. For our backtests we used the pairs mentioned in the manual as examples.
How does it work ?
This robot looks to enter a trade in the retracement during a trend. It opens one single position and closes it out later in two parts. The first part will be closed at a fixed TP the second part will close based on a trailing stop.
Settings
All parameters needed can be defined by the users and they are well documented in the manual.
Money Management
Forex Cypher does have an internal money management which allows to define the risk to take as a percentage value. According to our tests the money management function does not support microlots. If the calculated lotsize is smaller than 0.1 lot it seems not to trade at all. For the backtests we used a fixed lotsize then.
Broker Requirements
This robot does automatically adapt to 4-/5-digit price quotes. As it uses partial close of open positions it does not work on ECN brokers.
Conclusion
A robot with an interesting trading approach. With adapted setting to the characteristic of each pair it could work.
The provided forex manual is very detailed and worth the price of the product itself.
Update
The very friendly and responsive support explained that the product has been developped and optimized for EURUSD on D1 timeframe. Therefore we changed to that pair and timeframe only.
Find Out More Here:
==> Forex Cypher
