FXCipher is a trading solution for Forex that has two built-in presets we can choose from. “One of them has been optimized since 2010 and is highly reliable. The other one has been optimized since 2017, which helped to increase the profitability of the robot.” That’s it. It’s good that we have some widgets with trading results.
Features
The presentation doesn’t include much intel about the system and how it works on a terminal.
- FXCipher was designed to trade completely automatically for us.
- It works on the MT4 and MT5 platforms.
- It follows FIFO rules.
- We can work with the next cross pairs: GBPUSD, EURJPY, AUDUSD, USDCAD, EURUSD.
- “The EA has a special Preset selection mode. That means that after running the EA, you will be able to choose whether to use the mode with settings that have been optimized since 2010 and have a very high reliability rate, or use the Preset with settings optimized since 2017, which provide higher profitability and require a lower initial deposit.”
- There are two strategies on the board.
- The system can switch between them whenever it needs to.
- The advisor knows how to decrease drawdowns on the proper orders.
- The system places SL and Tap levels for every order.
- That’s it. No more intel was provided.
How to start trading with FXCipher
The system is available for $295. We can rely on the 30-day refund policy. The package includes one real account license, a detailed user manual, welcome and reliable 24/7 support, and free updates. It sounds standardized.
Backtests
We’ve got a GBPUSD report on the H1 time frame on the IC Markets. The modeling quality was 90.00% with 3 pips spreads. An initial deposit was $10,000. The total net profit has become 393,282. The profit factor was 1.59. The maximum drawdown was 24.72%. It has executed 4,507 trades with an accuracy rate of 48% for shorts and 47% for longs.
Verified trading results of FXCipher
The system has been running a real USD account on FXOpen trading automatically with hidden leverage on the MT4 platform. The account has a verified track record. It was created on September 24, 2020, and deposited at $2,500. Since then, the absolute gain has become 378.37%. An average monthly gain is 16.15%, while the maximum drawdown was 22.94.
The robot has executed 204 orders with 768.7 pips. An average win is 61.69 pips when an average loss is -68.16 pips. An average win for longs is 59% and 51% for shorts. The win rate is higher than on backtests. An average trade length is two days. The profit factor is 1.92.
The system works with EURJPY and GBPUSD. The most traded and profitable is GBPUSD, with 112 deals and $5860.
The robot works during the European trading session.
The expert advisor works equally during the week.
The robot works with 4.59% of the risks to lose 10% of the balance. It’s the medium number.
So, these two systems are Grid and Martingale. Running them sets an account at high risk.
The system manages to be profitable on a real account.
People feedback
The robot has a page on Forex Store where it has an 8.5 rate from 10 possible. There are all badges available.
Review Summary
| Advantages | Disadvantages |
| Backtest reports provided | No team revealed |
| Trading results provided | No risk advice given |
| A refund policy supports our purchase | Risky strategies on the board |
| The system works with low win rates in both directions | |
| No rental options available | |
| No people testimonials published |
Summary
FXCipher is a system that uses two risky strategies, Grid and Martingale, to be profitable on Forex. The advisor trades with medium risks and a low win rate. The presentation doesn’t include people’s testimonials on which we can rely. We can’t suggest you use it.
