You don't need to create cycles. you can simply create your own chases using the effects generator in the button editor. Once you have your scene or switch created and saved and the editor window closed just simply find the button and hold down shift and right click it and select "Show the speed fader" and that will generate a dimmer fader on the button that you can use to override the speed of the sequence.
The program auto generates the chaser, circle, figure eight, automatically based on the type of profile (Moving head, LED, Generic par can, ETC) based on certain parameters and default preset in the profile. I cannot add more different chasers.
Hope this helps.
Sincerely,