The official developer of the FXCipher has announced the price of the FXCipher to be $295.
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Read detailed review
Read detailed review
FXCipher it's automated Forex software, that will do all the trading work for you. The EA has two built-in strategies, designed to adapt to a situation in the Market.
Statistics
FXCipher USDCAD - Real
Statistics updatehas been stopped
FXOpen broker has made the decision to close all STP account types. As a result, trading on some (or all) of this vendor's accounts has been interrupted. However, the account information is still being updated, and it is clear that all funds have been withdrawn, not lost. The EA continues to perform well. Over time, new statistics with current trading data will be added. You can find more information here
Due to an exceptional situation, the store's statistics are temporarily not displayed as stopped.
Backtests
FXCipher was optimized to work best with 5 trading pairs: AUDUSD, USDCAD, EURJPY, NZDUSD, EURCAD. Here below you can find all the backtests for these trading pairs.
FXCipher USDCAD since 2012
FXCipher EURJPY since 2012
FXCipher NZDUSD since 2012
FXCipher EURCAD since 2012
Information about FXCipher
FXCipher is a 100% automated Forex trading robot. Our EA works on the most popular Forex platform - MetaTrader 4, as well as on MetaTrader 5. It is also compatible with NFA regulated and FIFO brokers. Supported currency pairs are AUDUSD, USDCAD, EURJPY, NZDUSD, EURCAD. Key features of FXCipher EA:
1. The EA has two built-in strategies, designed to adapt to a situation on the Market. Trading using one of them, the EA will switch to another strategy in case of certain circumstances, in order to minimize risks and increase efficiency. This helps to ensure high reliability of the robot along with good profitability.
2. We use a special technology to ensure the accuracy of trading on your account, same as on our account. This guarantees the identity of the results of trading on your account and on our live account.
3. Our system ensures the security of your account. Special drawdown limiting system will not allow you to get a higher drawdown (fixed loss) than you specify in the EA’s settings. It is controlled using Stop Loss, as well as constant monitoring of the drawdown, and the emergency closing of trades forcibly at the Market prices.
Purchase includes:
By purchasing FXCipher you will get:
- 1 license of the EA for any type of account
- Possibility to change the account number online without a limitation
- Version of the EA for MT4 and MT5
- Detailed User Manual
- High-quality and friendly technical support 24/7
- Free updates
Refund Policy
We provide a full money-back guarantee during the first 30 days after purchasing. If our EA doesn’t work properly on your account, and we cannot do anything about it, we will return your money. If a drawdown on your account exceeds 35%, we will also initiate a refund process, on condition that you have used our recommended settings and provided proofs of that.
F.A.Q.
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What is the drawdown level of the FXCipher on the real/demo account?
The FXCipher has been able to keep the maximum fixed drawdown level of 99.98% during the live/demo trading period.
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What is the profit level of the FXCipher on the real/demo account?
The FXCipher has been able to reach the profit level of -99.87% during the live/demo trading period. These results are proven by one of the respected third-party companies.
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How to install the FXCipher on MetaTrader 4?
The installation process of the FXCipher on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with FXCipher without problems.
full review
FXCipher Review
FXCipher EA is the new word in the field of Forex robots that possesses itself as a reliable and still very profitable Forex robot with a variety of trading algorithms and preset strategies. In this review of FXCipher EA, we will try to get into details of the trading process of the robot and understand the logic and profit perspectives.
Basic information about FXCipher
- Price$295
- Currency pairGBPUSD, EURJPY, AUDUSD, USDCAD, EURUSD
- Number of real licenses1 license of the EA for any type of account
- SupportHigh-quality and friendly technical support 24/7
- Refund30-day full money-back guarantee
Conditions for trading:
- Minimal deposit amount$390
- Time frameAny
- TerminalMT4 and MT5
- BrokerAny
Live performance of FXCipher
The FXCipher EA has got two live trading accounts available on Myfxbook. Both accounts have started live trading in September 2020, which gives us 11 months of live performance to analyze. Staring from the deposit of $2.500 and $6000 the EA brought 379% and 466% of profit during the trading period. At the first glance on the trading graph, we can see that the EA has managed to trade without deep fixed drawdown and long downward movements. The live accounts have clean upward curves which draw almost straight lines.
FXCipher AUDUSD
FXCipher USDCAD
FXCipher EURJPY
FXCipher NZDUSD
FXCipher EURCAD
Disclaimer
*The backtests are taken from the developers’ website developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.
PROFITABILITY AND DRAWDOWN
Live trading of FXCipher EA starts 25th of September 2020 with the initial deposit of $6000 on the “FXCipher_Set2010” account and $2500 on the “FXCipher_Set2017” account. On the first account, the EA trades using all 5 currency pairs it is programmed to work with, and only two of them are on the second account.
The system has managed to grow the “set2010” account by 466% since the beginning of trading which is a decent result for the Forex robot that has got a maximum monthly growth level of 18% and the drawdown level of 36%. The results are high and perspective to say that this Forex robot might become one of the profitable on ForexStore.
With such numbers on the real live accounts of FXCipher EA, we can make some assumptions about the possible future outcomes of using this robot. Having 466% of cumulative gain in 11 months with the maximum fixed drawdown level of 36% the average profit to drawdown ratio level should be something about 0.5:1 or 2:1 vice versa. These might be not the highest results that I have seen for such a robot on ForexStore but nevertheless not the worst ones either.
If talking about the other trading account of FXCipher EA, we have to mention that the initial deposit on the account was much smaller, and also the robot trades here using only two currency pairs. And still, there is a 378% gain in 11 months, having only 23% of the fixed drawdown level and 16% of monthly growth (look at the screenshot below). These numbers help us to count a possible profit to drawdown ratio level which for this account is even higher: 0.7:1.
These stats show that the EA is capable to trade effectively in different conditions and having different initial data. As the developer claims the 2017 set of the FXCipher is constructed to bring more profits and the 2010 set is more about durability and safety which is a useful feature for both types of traders: hungry for profit and careful for losses once.
PROFITABILITY AND DRAWDOWN
Live trading of FXCipher EA starts 25th of September 2020 with the initial deposit of $6000 on the “FXCipher_Set2010” account and $2500 on the “FXCipher_Set2017” account. On the first account, the EA trades using all 5 currency pairs it is programmed to work with, and only two of them are on the second account.
The system has managed to grow the “set2010” account by 466% since the beginning of trading which is a decent result for the Forex robot that has got a maximum monthly growth level of 18% and the drawdown level of 36%. The results are high and perspective to say that this Forex robot might become one of the profitable on ForexStore.
With such numbers on the real live accounts of FXCipher EA, we can make some assumptions about the possible future outcomes of using this robot. Having 466% of cumulative gain in 11 months with the maximum fixed drawdown level of 36% the average profit to drawdown ratio level should be something about 0.5:1 or 2:1 vice versa. These might be not the highest results that I have seen for such a robot on ForexStore but nevertheless not the worst ones either.
If talking about the other trading account of FXCipher EA, we have to mention that the initial deposit on the account was much smaller, and also the robot trades here using only two currency pairs. And still, there is a 378% gain in 11 months, having only 23% of the fixed drawdown level and 16% of monthly growth (look at the screenshot below). These numbers help us to count a possible profit to drawdown ratio level which for this account is even higher: 0.7:1.
These stats show that the EA is capable to trade effectively in different conditions and having different initial data. As the developer claims the 2017 set of the FXCipher is constructed to bring more profits and the 2010 set is more about durability and safety which is a useful feature for both types of traders: hungry for profit and careful for losses once.
PROFITABILITY AND DRAWDOWN
Live trading of FXCipher EA starts 25th of September 2020 with the initial deposit of $6000 on the “FXCipher_Set2010” account and $2500 on the “FXCipher_Set2017” account. On the first account, the EA trades using all 5 currency pairs it is programmed to work with, and only two of them are on the second account.
The system has managed to grow the “set2010” account by 466% since the beginning of trading which is a decent result for the Forex robot that has got a maximum monthly growth level of 18% and the drawdown level of 36%. The results are high and perspective to say that this Forex robot might become one of the profitable on ForexStore.
With such numbers on the real live accounts of FXCipher EA, we can make some assumptions about the possible future outcomes of using this robot. Having 466% of cumulative gain in 11 months with the maximum fixed drawdown level of 36% the average profit to drawdown ratio level should be something about 0.5:1 or 2:1 vice versa. These might be not the highest results that I have seen for such a robot on ForexStore but nevertheless not the worst ones either.
If talking about the other trading account of FXCipher EA, we have to mention that the initial deposit on the account was much smaller, and also the robot trades here using only two currency pairs. And still, there is a 378% gain in 11 months, having only 23% of the fixed drawdown level and 16% of monthly growth (look at the screenshot below). These numbers help us to count a possible profit to drawdown ratio level which for this account is even higher: 0.7:1.
These stats show that the EA is capable to trade effectively in different conditions and having different initial data. As the developer claims the 2017 set of the FXCipher is constructed to bring more profits and the 2010 set is more about durability and safety which is a useful feature for both types of traders: hungry for profit and careful for losses once.
Final marks
So let’s finish this review by giving appropriate assessments to the FXCipher based on the analysis of its work, statistics, and other factors
Price VS Quality
Profitability / Drawdown
Statistics duration
Backtests
Authors’ rating
AVERAGE
As it was mentioned, the FXCipher EA meets all the requirements and has all the features of the best Forex robot. Still, the price for the robot is not that high, so that the FXCipher EA gets the max 5 out of 5 stars for this stat.
The EA has reached an average profit to drawdown level of 0.5:1 and 0.7:1 which are good results that would satisfy most of the trades but still not the best that we have seen from different Forex robots that entitle as the best Forex robots, so 4 out of it has.
The system has got all the required statistics and backtests which adds more trust to this trading system. The robot has 11 months of real trading statistics and a max of 11 years of backtesting which is more than enough to give it 5 out of 5 stars for this stat.
My own attitude towards this trading system is positive and promising. The FXCipher EA show itself as a strong winner on the market which has a wide variety of trading strategies to choose from and still gives a lot of attention to security and durability. I give it 4.5 stars out of five because the system uses the Martingale strategy as the main winning algorithm which in some cases may be dangerous but as we can see the system gets along with it.
At the moment of writing the review, the automated rating system of the ForexStore rated FXCipher EA with 8.5 points out of 10 which is in my opinion is a bit underrated. This Forex robot deserves a higher mark because the system is profitable and reliable at the same time.
I hope this helps you, traders! I wish you profitable trading and luck on the market!