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%.
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.
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.