HalcyonFX.com Review

M8 SideWinder is such a terrible EA. Its a strategy that never be in profit. Risk and reward ratio are so unfavourable that user most lost in the end. I have personally used this EA over a period of time and is in such a risk position. Not recommend at all.

I purchased m8 sidewinder from Hal over a month ago and have yet to make a trade. It seems like them getting back takes a week to answer a question and now all contact has dried up. I simpley want to get the software to work on my demo account and there's no suport. I feel let down. Also, I noticed that the front page of Hals website has a forward testing of M8 side winder and this went into severe drawdown - making a $50k account turn into a $19k account. He has taken the live forward testing results down now but I'm still prepared to use if if he will only just send me what I paid for. He was offering a full refund if it was unprofitable for the first month but seeing as though I still have to get it to work I;ve resigned myself to the fact that I've probably lost that right and will consider going to paypal to open a trading dispute. Oh and one other thing. which is a real issue for me is that YOU CAN NOT BACKTEST with M8 sidewinder. Sure, it's not a 100% test but it does give you a small idea of how it's going to run in live and tell you if it's a complete lemon or not. For now I've wasted $300 unless you can get off your rse hal and send me the goods?

Trend Tracer is definitely one of the worst softwares out there. For those poor folks who got conned into buying, I found a way to make money with it.

1) Set your Stop Loss = 95 & Profit target = 95
2) Run it on a demo account.
3) When you see Trend Tracer make a trade in your demo, immediately place a trade in your LIVE account that it is completely OPPOSITE to that taken by Trend Tracer.

This seems to be the best way to make money using Trend Tracer. The performance in the past 2 mths using this method has been excellent because Trend Tracer has proven itself to be s woefully bad in picking successful trades. The success rate is much worse than a monkey throwing darts!! Fortunately, it's so consistently bad that you can actually make money taking opposing trades.

Would like to respond to the 2 negatives below.

PJ of TX: We have had a no refund policy for well over a year. It is posted on our web site for anyone to see. When we did offer refunds, people abused them. Folks that don't know what they are doing take our work and feel they don't have to pay for it. Not because it doesn't work, but because they don't know up from down when it comes to trading, MT4 and EAs. Sorry if this bothers you, but I don't work for free. If you want to benefit from my work, you have to pay for it. Why are hundreds of others happy and satisfied?

Liam, USA: I have a phone on my desk that I answer every time it rings. However, I am very picky who I share it with precisely because people like yourself abuse it. I deal with hundreds of people over email daily. However, I am not a "learn how to trade forex" tutor. If you ask ridiculous questions or abuse phone privileges, I will not deny it, you will end up not hearing back from me. Put some effort into learning how to work MT4 and trade and you will be able to have intelligent discussions.

To everyone else:

I know I am not going to win the diplomatic medal and to be honest I am not trying to, but it has to be said that some people simply refuse to accept responsibility and want to change a deal after it is made. And that is just plain wrong. When they don't get what they want, they come to places like this and opt to throw dirt instead of acting like adults.

Unfortunately, it is only the upset ones who end up posting here. The hundreds of normal investors who I work with and who are making money do not have time or interest in whining on these pages. Halcyon Forex has been in business several years already. I work here full time. One does not stay in business that long without providing a solid product.

Public be advised: Look hard enough on the Internet and you will always find someone with something bad to say regarding just about any product. Don't listen to the blind to lead you.. judge things for yourself.

Had a bit of email correspondence with HC concerning a number of different trading topics. He ended up offering me a substantial discount on one of his products. When I accepted his offer, suddenly he disappeared. Stopped answering emails, would not return phone calls.

HC is all talk and does not deliver, avoid him.

I purchased Halcyon's PipCollector a few months ago, I ran it on two different demo accounts; it is worthless. Halcyon's website stated it gave refunds but when I asked for a refund I was told they do not give refunds. Very bad customer service! I have filed a formal complaint against them. I do hope they read this!

This is in response to the negative reviews:

Some people are just not going to be successful in Forex regardless
what EA they use. God bless them but they would not know a good EA if
it fell on their heads.

I had a customer once who called my office screaming fire and
brimstone because he had lost on his live account with my software.
After he finished yelling and was a little more calm, I asked him for
his logs and began to look for anything out of the ordinary.

Sure enough, I noticed that his logs for each day started at 8:00 am
and ended at 4:30 pm so I probed a little more. Turns out our friend
was also new to Forex and unfamiliar with MT4. He was running the
software on his work computer which he shut off every day at 4:30pm
when he went home and turned it back on at 8am when he came into work.
Needless to say, this was screwing everything up for him.

This is but one example of what happens out there. There are a lot of
small things that good folks could be unknowingly doing to sabotage
their own progress. Unfortunately, the blame always goes to the same
place, the software and hence the author of the software. Some folks
seek help, but there are lots of others that simply lose their temper
and look for someone to blame. Unless you are a Forex software vendor,
you have no idea what it is like to deal with the mass of ignorance
that is prevalent out there regarding Forex software.

Everyone wants the holy grail and anything that falls short is
publicly crucified. If I had a nickel for each email in my in box
requesting software that wins high amounts every day, never loses or
loses very little and is cheap or free and also performs this way for
years and years without interruption. I could retire. I cannot think
of a more unrealistic view of Forex software. When will folks
understand that and automated trading system is just that, an
automated system. No more and no less. There is no magic brew that
will guarantee success every time, all the time, without risk.
However, even some mediocre software is better than a lot of newbie's
manual trading based on emotion.

And it is not just the EA settings, it is also how you treat the EA
and your MT4. Some folks reboot the application on a regular basis,
some others let it run forever without ever refreshing the
application. Some let open positions run through the weekend while
some others don't. Some brokers start their day at 5pm EST and some
start at 6pm EST. Some folks use their home computers to run MT4 and
some use VPS to run the MT4 application. Some folks don't know that
you need to leave MT4 running 24 hours a day while the market is open.
Yet some others have 5, 10 or even more EA's running simultaneously on
their one account. Many folks stop testing the software as soon as
they see a draw down and never allow it to recover. All of these
variations and many others will affect the results on the account and
none have to do with the performance of the software itself. This is
why I started doing it all for my complete solution customers. At
least those folks are making money and leaving all the babysitting
work to me.

There are also a lot of customer side scams out there. The most common
are the individuals who demand freebies or credits under the threat
that if I do not give in to their demands, they will post negative
reviews on many forums. I will be damned if I give in to these people.
The price however is that our name is in the mud in a lot of places.
Look hard enough on the Internet and you are bound to find someone who
has something bad to say regarding just about anything. The sad part
is that the reader is made a dis-service because bad reviews about
good products prevent new folks from getting something that is good,
based on some individual's review.

So next time you think of posting something bad about some Forex
software ask yourself, Could I trade better by hand than this
software? Could I write software myself which is better than this
software? I am not a salesman, I am a regular Forex trader who happens
to be a programmer. Sometimes I am not 100% diplomatic as you can see
but my best customers appreciate the honesty.

Good luck out there.

Then I started with Halcyon they were going to send out 1 EA a month for about $250. After about 3 months they stop. Also everytime When I e-mailed they gave me some lame reason and that They were "behind'. I see by there website they don't do that any more and Im out of $250. these people are crooks, don't trust them to save your life!!!!!

I am pleased to render my opinion and personal rating of Halcyon Forex products. I do use Halcyon products in live trading, and have found them reliable, stable, and productive. They far exceed my personal rate of success in terms of initiating gainful trades and are very easy to implement. They are most productive in trending markets, and while they are not as customizable as some products I have tried, they have never left me with large draw downs and place a high emphasis on moderate money management, which is a good thing for me and many other 'novice' currency traders in my opinion. I did mention that they are consistently better at gainful trading than I have personally been, right? Oh, and the support is EXCELLENT, and spot on!

I do, indeed, recommend Halcyon products to friends, and add only that common sense and personal responsibility are still needed in moderation as there are always times in currency trading that present greater than average risk profiles, and as the landscape can change rapidly, even the best products and traders can be caught on the wrong side of a trade. I have never seen the Halcyon products make erratic trade decisions during times of extreme flux.

Please, consider my rating a high one, closer to five star than four. Properly applied (and that is not implying difficulty) the products are well worth their monetary exchange value and may indeed be under-priced! Their service and warranty are good, they are responsive, so see for yourself! Thanks for reading! Steve

Hal is not a scammer. I have used every version of Doubleplay Hal has released. Has it been profitable every single month no it has not but on an overall basis it has been profitable. I have used Doubleplay in my live account along with some other private ea's. Also, I bought Trend-Tracer from Hal as well. I have that on a demo account and it has been very profitable as well. One thing, I can assure people that Hal is not a scammer. I give Hal 5 stars for always providing me with good customer service.

Jeff