• Overview
  • Reviews (3)
  • Comments (24)
  • What's new

Cyrus EA Lite

Cyrus EA Lite is a fully automated trading system. Cyrus EA is based on the strategy of determining a trend and opening trades following the market movement. The EA uses 4 similar algorithms to determine entry points, thus it is possible that several orders will be opened at a time. For each trade the separate Stop Loss and Take Profit are placed.

The Expert Advisor works on EURUSD and GBPUSD pairs. Timeframe is selected on the grounds of a user's preferences (author prefers M5). You can trade on any or on all timeframes (each timeframe should have its own value of the MagicNumber parameter — see Parameters).


Features

  • It DOES NOT use grid strategy.
  • It DOES NOT use Martingale.
  • It DOES NOT use hedging and arbitrage.
  • Handy risk calculation system.
  • Works with 4 and 5 digits brokers.
  • Automated twenty-four-hour operation (disabling on news is not required).
  • Built-in system of fast capital recovery.
  • Positive results of long backtesting of the strategy (from 1999 to our days) including quotes with 99% quality.


Recommendations

  • 5 digit ECN and STP account with average spread on EURUSD not exceeding 20 points.
  • Deposit: $200.
  • Leverage from 1:50-100 (depending on expected risks).


Parameters

  • Trailing — enable/disable Trailing profit (it starts when an order reaches 80 points of profit).
  • Risk — calculation of a trade size (lot) which depends on a deposit size in % (maximum amount you are ready to risk in one trade, as percentage of the deposit).
  • FixLot — fixed size of a trade (does not depend on the deposit size). The parameter is activated when Risk=0.
  • AutoGMT — enable/disable automated determination of your broker's time offset comparing to GMT (your broker's time offset must be set manually to test it in the strategy tester!).
  • Allowed orders per strategy — the maximum number of orders to be opened by each strategy.
  • SummerGMT — your broker's summer time offset comparing to GMT (the parameter is activated when AutoGMT=false).
  • WinterGMT — winter time offset comparing to GMT (the parameter is activated when AutoGMT=false).
  • ShowIndication — show indication on the chart.
  • MagicNumber — ID number of the EA's orders (each algorithm uses its own ID number as follows: MagicNumber+(algorithm number). For instance, if MagicNumber = 1000, ID number of the first algorithm will be 1000+1=1001, for the second - 1000+2=1002 and all the way to 4)
  • EAComment — comment for the EA's orders.
  • RecoveryMode — fast capital recovery mode. ATTENTION! Test this function in the strategy tester before using it!
  • MaxSpread — maximum allowed spread for opening orders.


Live trading results

Sergey Genikhov
1675
2016.02.27 17:53 
 

The previous version was not profitable and i have more losses then earnings.

The new version after 1 week of testing doing well on 15 min charts.

cyberryder
560
2015.09.14 02:53 
 

Default is 2% risk/trade. Keep in mind, the EA opens up to 4 orders for the same trade! With 2% risk this could mean 8%DD on one trade. SL is 24pip, you can't change. Trailing SL starts at 8pip, you can't change. Default is to attach on EU M5

First it showed good performance, but then a lot of losses. The system is very risky, small winning pips compared to huuuge losses, combined with poor win/loss ratio = guarantee for failure. Can't recommend.

shawnnny
494
2015.06.30 07:46 
 

Small Profits Large Losses. EA tries to open positions against the trend, when market goes against the position it opens a few more positions hopefully to average the losses and close at profit when market bounces back. What happens when market continues to go against the positions? A series of large stop losses. Screenshot is the proof (http://postimg.org/image/egvo8xpdr/), luckily I rented and did not purchase.

Version 1.82 - 2016.07.22
Small fix of the TrailingStop function
Version 1.81 - 2016.05.18
Full compatibility with the 'MQL market VPS' virtual hosting
Version 1.8 - 2016.03.29
Implemented an additional signal filter (increased accuracy of entries)
Version 1.7 - 2016.01.26
Improved trading algorithms
Improved signal filtering
Version 1.5 - 2015.11.12
Added support for GBPUSD
Version 1.4 - 2015.05.13
Added support for the NFA rules (FIFO, no hedging)