Frequently Asked Questions

  • HalcyonFX is a fully automatic trading robot (sometimes also called expert advisor or robo advisor) built for the MetaTrader platform. That means HalcyonFX is a piece of software that runs within the MetaTrader terminal, analyzes the market and autonomously executes and manages trades without the need of user input or supervision.

  • HalcyonFX can be applied to any trading symbols you wish. During development the focus has been on the 28 most common major and minor forex pairs, however, HalcyonFX’s unique trading algorithm should work just as well on any other instrument.

  • No, HalcyonFX is not a scam. It is a real trading bot for the MetaTrader platform that works exactly the way it is advertised on this website and that you can download and use in whichever way you like for as long as you have an active membership. The membership is only available on this website and costs exactly as much as is declared here, there are no additional hidden costs waiting for you down the line.

  • Trading, and forex trading in particular, is not a safe investment. The forex market is highly volatile and losses can quickly accumulate, especially when trading on margin or with leverage, up to a total loss of your investment.

    HalcyonFX employs multiple levels of sophisticated risk management techniques to mitigate those risks as much as possible and during development our number one priority, next to profitability, has been reliability and long-term stability. The live performance of our reference account at least indicates that we are somewhat on the right track.

    Still, the forex market is unpredictable by nature and no strategy can guarantee success at all times. Anyone who tells you otherwise is either delusional or trying to scam you.

  • If you are not rich already, HalcyonFX will most likely not be able to change that fact, at least not that quickly. What HalcyonFX can provide, however, is an additional income stream or a piggybank that will grow significantly faster than your ETF savings plan.

  • You only need a bit of spare money that you can afford to spend or use for trading (how much you choose to invest is ultimately up to you, but we would recommend a minimum of $1000 in order to trade effectively). Everything else is included in your membership.

    Our step-by-step instructions will guide you through the process of opening a trading account with our recommended brokerage firm, setting up a free VPS, installing the MetaTrader terminal and finally activating HalcyonFX on your trading account. Should you already have a trading account, a VPS, a MetaTrader terminal or all of the above, that is no problem either. You can just use what your are using right now and finish the steps you are missing.

  • Of course, HalcyonFX works exactly the same on all account types. So if you want to see our trading bot in action without risking your own actual money, you can create a demo account with your broker of choice and try out HalcyonFX risk-free.

  • Getting started is easy: simply sign up for a membership here. Everything else will be explained to you as you go - without additional costs.

  • No, HalcyonFX is a fully automated trading system that can run completely autonomously until the end of time. The only effort you have to put in yourself is setting everything up (which might be a bit of work depending on where you start). Afterwards all you have to do is watch. No need to follow dubious signal providers or group chats, no need to constantly adjust the configuration and obviously no need to perform any trade operations whatsoever.

  • Yes, if you wish you can always open new positions yourself or through other trading bots and have HalcyonFX manage them automatically using its unique risk management and recovery techniques. This is, however, entirely optional. HalcyonFX is able to trade completely autonomously and opens new positions based on sophisticated market analyses.

  • A trading bot, sometimes also referred to as expert advisor or robo advisor, is a computer program that buys and sells financial instruments (like stocks, indices, options, contracts, commodities, currencies, etc.) on its own. Large banks and funds have already begun using such programs decades ago because they are more reliable in following a strategy, react faster and need less sleep (i.e. none) than a human trader.

    Over time automated trading has completely taken over the institutional trading space and nowadays trading bots are a standard tool even for most retail traders and private savers. In fact most banks offer some form of automated investment to their clients.

    By now there are countless different trading bots available out there following countless different strategies, but the best one of them all is obviously HalcyonFX as you can see here.

  • Forex (short for foreign exchange market, sometimes further abbreviated as FX) is the global financial market for trading currencies. It is by far the largest financial market in the world with an average trading volume of $7.5 trillion per day. The forex market operates 24 hours a day making it the ideal playground for trading bots like HalcyonFX.

    Due to its decentralized nature, high liquidity, constant availability and independence from corporate interests it is often referred to as the market closest to the ideal of perfect competition.

  • In order to trade forex you will need to register with a forex broker. Today there exists a plethora of forex brokerage firms, some more reputable than others, all offering slightly different trading conditions. In case you are overwhelmed by the high number of broker options you will encounter, you can find a link to our recommended broker that we use ourselves in your member area.

    Once you are signed up with a forex broker, you will gain access to the forex market through a trading terminal the broker provides to you. This is in most cases MetaTrader which is also the trading terminal HalcyonFX is built for.

  • MetaTrader is the most popular trading terminal for trading forex. Basically, it is a piece of software that lets you access the forex market and execute trades on it through your broker of choice. Within MetaTrader you have numerous tools at your disposal to analyze the market and place orders. And the best part is: MetaTrader makes it possible to develop and run custom extensions that add further analyzation and trading capabilities to your terminal, like our fully automatic trading bot HalcyonFX.

  • Even though MetaTrader 5 was already released in 2009 it never managed to replace its predecessor MetaTrader 4 which to this day remains the more popular choice. While MetaTrader 5 at its launch introduced a more modern design and new functionality, development of MetaTrader 4 continued so that soon it had caught up to the functionality of its successor.

    Today MetaTrader 4 and 5 look and operate almost identically so that in the end it really comes down to preference. Many users prefer MetaTrader 4 due its larger market of available extensions and its simpler trade logic (just orders instead of orders, deals and positions in MetaTrader 5).

    HalcyonFX is available for both versions of MetaTrader and works identically in both. If you plan on running HalcyonFX on a VPS (which is highly recommended) you should go with MetaTrader 4 due to its lower performance requirements.

  • A VPS (virtual private server) is a virtual computer hosted for you by a cloud service provider. Running a forex trading bot on a VPS as opposed to your own physical computer brings multiple advantages. Firstly, due to most VPS datacenters being located close to brokers’ datacenters you experience significantly lower latencies leading to faster trade execution times. Aside from that most reputable VPS datacenters have very fast and stable internet access meaning your trading terminal will barely ever suffer from losing connection to your broker’s servers. Additionally, a VPS runs nonstop, day and night, enabling your trading bots to fully utilize the forex market’s 24 hours availability.

    If you are running automatic trading bots like HalcyonFX it is highly recommended you do so on a VPS based on the advantages mentioned above.

  • There are many great forex VPS providers out there, however, almost all of them require a costly subscription for you to use their services. If you are a HalcyonFX member you can find instructions on how to gain access to a free and realiable forex VPS through our recommended broker in your membership portal.