Cycleidentifier Cyclops EA - Forex Robot for Reliable Trading

The Cyclops follows the Cycleidentifier indicator, plus SMA and RSI for filter.
It is taking a trade when the indi shows a bold two spike.
The filter is suppose to confirm with that but the repaint of the spike seems to make this a Martingale effort.

This EA is fully functional and tested on real account, drought and deposits. It also works in Microlot?

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Ready to Conquer the Forex Market? Let's Dive into Cyclops EA!

Cyclops EA is designed to adapt to market conditions, using various strategies like trailing stops, break-even points, and momentum filters. Cyclops is flexible with lot sizes, and features like email alerts and time restrictions enhance its user experience. It's suitable for traders who want a dynamic approach to the forex market.

How this EA works:

Cyclops EA uses a combination of market indicators and custom settings to execute trades. It dynamically adjusts lot sizes based on account balance and employs a momentum-based trading strategy. The EA allows you to set take profit and stop loss levels, and it can automatically adjust these based on market movements. Features like email alerts and screenshot capabilities keep you in the loop about trading activities.

Setting up Cyclops EA:

Download the .mq4 file for Cyclops EA.
Place it in the 'Experts' folder of your MT4 directory.
Restart MT4 and find Cyclops EA in the Navigator pane under 'Expert Advisors'.
Drag the EA to your desired chart and a settings window will appear.

Adjustable Parameters:

Magic: A unique identifier for the trades conducted by this particular EA, differentiating them from trades made by other EAs or manually.
BaseLot: The initial lot size for the first trade. This is the starting point for any money management or lot size adjustments.
MaxLotSize: The maximum allowable lot size for a trade. This setting helps in capping the risk by not allowing trades to exceed a certain size.
MinLotSize: The minimum lot size that can be traded. This ensures that trades are not opened with excessively small sizes.
UseMoneyManagement: A boolean (true/false) setting that, when enabled, allows the EA to automatically adjust the trading lot size based on the account equity and predefined rules.
IsMicroAcc: A setting to indicate whether the trading account is a micro account. This can affect how lot sizes are calculated and managed.
EquityPRC: The percentage of equity that is risked per trade. This is used for calculating lot sizes if money management is enabled.
TakeProfit: The level (in pips) at which the EA will automatically close a trade in profit.
StopLoss: The level (in pips) at which the EA will automatically close a trade to prevent further losses.
UseExitSignal: When enabled, the EA will look for specific market signals to exit a trade, in addition to the set take profit and stop loss levels.
UseTimeRestriction: If enabled, this restricts trading to specific times of the day or week, based on the user's settings.
DayEnd: The last trading day of the week for the EA. Used in conjunction with time restrictions.
HourEnd: The hour at which the EA stops trading on the last trading day. Also used with time restrictions.
BreakEvenTrigger: The level (in pips) at which a break-even stop loss is activated. This means if a trade goes in profit by a certain number of pips, the stop loss is moved to the entry price.
TrailingStopTrigger: The number of pips in profit a trade must reach before a trailing stop loss is activated.
TrailingStopPips: The distance (in pips) maintained behind the current price for the trailing stop loss.
EmailOn: When enabled, the EA sends an email notification for certain events or actions.
AlertOn: If enabled, the EA will generate platform alerts to notify the user of certain events.
ScreenshotOn: When activated, the EA takes a screenshot of the chart at key moments for record-keeping.
_n: A parameter for internal use, often relating to a specific indicator or function within the EA.
shift: Determines the bar shift where the EA will analyze data. A shift of 0 means the current bar.
PriceActionFilter: An indicator setting that influences how the EA interprets price action, often related to its internal decision-making process.
Length: Typically refers to the number of bars or periods over which certain calculations are made, like moving averages or indicators.
MajorCycleStrength: A parameter that might be used to define the strength of a trading signal or cycle in the market.
UseCycleFilter: Enables or disables the use of a cycle-based filter for trade decisions.
UseFilterSMAorRSI: Determines whether the EA uses an SMA (Simple Moving Average) or RSI (Relative Strength Index) as part of its decision-making process.
FilterStrengthSMA: The period of the Simple Moving Average used in filtering trade signals.
FilterStrengthRSI: The period of the Relative Strength Index used for filtering.
UseMomentumFilter: Enables the use of a momentum filter, which can influence trade decisions based on the strength of market movements.
MOMENTUM_PERIOD: The period over which momentum is calculated, typically influencing how the EA assesses market velocity or trend strength.
MOMENTUM_PRICE: Specifies the price type (close, open, high, low) used in the momentum calculation.
MomentumTriggerLong, MomentumTriggerShort: These thresholds define the levels at which the EA will consider entering a long or short trade based on momentum readings.

Optimal Settings:

Currency: EUR/USD or GBP/USD.
Timeframe: H1 or H4.
Minimal Balance: $1000.
Magic: 8001
BaseLot: 0.1
MaxLotSize: 50
MinLotSize: 0.1
UseMoneyManagement: true
IsMicroAcc: false
EquityPRC: 2
TakeProfit: 0
StopLoss: 0
UseExitSignal: true
UseTimeRestriction: false
DayEnd: 5
HourEnd: 12
BreakEvenTrigger: 0
TrailingStopTrigger: 0
TrailingStopPips: 0
EmailOn: true
AlertOn: true
ScreenshotOn: true
_n: "INDICATOR"
shift: 0
PriceActionFilter: 1
Length: 3
MajorCycleStrength: 4
UseCycleFilter: false
UseFilterSMAorRSI: 1
FilterStrengthSMA: 12
FilterStrengthRSI: 21
UseMomentumFilter: true
MOMENTUM_PERIOD: 14
MOMENTUM_PRICE: PRICE_CLOSE
MomentumTriggerLong: 100
MomentumTriggerShort: 90

Winning Strategy Settings:

Use a combination of trailing stops and break-even points to manage trades dynamically.
Set the momentum triggers appropriately for the chosen currency pair.
Use a conservative lot size if you are new to trading.
Monitor the market during major news events, as they can impact the effectiveness of the EA.

Cyclops EA offers a dynamic approach to forex trading, ideal for traders looking for automated adjustments and risk management tools. Its flexibility in settings, combined with momentum-based strategies, makes it a robust tool for various market conditions. As always, experiment with demo accounts before going live to find the sweet spot that suits your trading style!

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