Review of the Forex Hacked forex robot.
15% Off Coupon Code Below!
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Forex Hacked | GBPUSD / USDJPY / EURUSD / EURCHF | H1 / M30 | A mix of hedging, martingale and break-out. | Yes | Yes | 18-132 | Trailing take profit. | Forex Hacked |
Performance (Forex Hacked Results)
Custom Forex Hacked Settings (Join the VIP section to gain access to them)
Update (April 15th, 2010): Forex Hacked has doubled its account in just 15 trading days using our custom settings.
Update (May 3rd, 2010): It appears Forex Hacked has created too much trading history for Alpari UK and they start truncating it. This is causing issues with mt4stats and displaying the stats on my comparison chart. Atleast The .GIF above still shows the total balance.
Forex Hacked $1000 LIVE Micro Account At FX Open
(AUDUSD, USDCHF – 1:500 leverage using demo settings from VIP section)
(Because it’s a micro account, the account is scaled out….. 100,000 = 1000… 100 = $1.00)
UPDATE (May 24th, 2010) – I withdrawed $780 worth of profit from the account that Forex Hacked made this month, and leaving it to start over from $1000 again.
License
Forex Hacked is a membership based platform. Therefore you must create an account on their amember back-end, then once the account is created it will direct you to their regnow.com order form. Once payment is complete, it will take anywhere from 10 minutes up to 3 hours for your account to be activated. At which point you will be able to download any version of Forex Hacked, and add your forex broker account number to your profile as the EA will be tied together with your Forex Hacked account for authentication purposes.
Strategy
Forex Hacked uses a form of doule-sided martingale as its core strategy, while using hedging and break-out trading as a form of protection from large draw downs. So no matter what you do, when you attach it to a chart it will make money, its just a matter of controlling the draw down.
Recommended Brokers
Forex Hacked will not function properly on NFA regulated brokers, but will work on anything else whether it’s 4 or 5 digits and ECN or not.
FX Open is a great broker for running Forex Hacked’s strategy, I highly recommend it.
Conclusion
Forex Hacked is a very powerful EA but can also be very dangerous if you get too greedy. It can double your account size in less than a week, but it has the chance of getting a margin call if the markets go very bad and you are running high risk settings. There are many Forex Hacked users that run moderately high-risk settings and double their equity within a 1-2 weeks, and then close all open trades when the open P/L is respectable, and withdraw their earnings and start over. A great strategy to use with this very powerful EA.
Safe To Buy?
YES!
Forex Hacked has been approved for you to purchase based on its extremely consistent profitability, along with the double take-out method for equity protection.
15% Off ForexFBI.com Exclusive Coupon Code!
FBI-0S33-FBI
I have worked out a deal with the guys over at Forex Hacked to get you guys 15% off by using the coupon code above. It will only be valid for a few days and limited to 100 uses so take advantage of it while you can.
Overall Rating
Loading ...
August 30, 2010
#1
Reny!
I realy apreciate your help!
Thank you very mutch!
Best Regards!
August 31, 2010
#2
@Ukbank:
You’re welcome. I’ve thoroughly answered your questions. Check your email.
Cheers,
Reny.
August 27, 2010
#3
Hello!
Is there any one who can help me with this?
I need to work with a broker which accept PayPal payments!
I`ve found “1PipFix”. They accept PayPal payments, they work with low spreads, 1,5 on the majors for EA accounts, but they only alow me a leverage of 1:200 at least in the 2 first weeks, after that they will see if I can use a 1:500 leverage.
My questions are:
Is that save to work with that leverage using Forex Hacked?
Does anybody know this broker? All the reviews I have seen till now are very good, but I`ve never heard about them before.
I`d like to get some help with this.
http://www.1pipfix.com
Thank you!
ukbank
August 28, 2010
#4
@Ukbank:
1. You did not provide enough information to answer your question regarding the leverage required to operate your account. Your account size dictates your account’s leverage. This is missing in the information you furnished.
2. Okay, let’s see: Need a list of brokers that could give you up to 1:500 leverage and at the same time accept Paypal? Click on the link below and you will find an array of brokers that meet this requirement.
http://www.100forexbrokers.com/paypal-brokers
3. As far as 1pipfix broker is concerned, there are glowing reviews on this broker at FPA (forexpeacearmy.com). It is not however clear if they are ECN or STP broker. Oh, you don’t know the difference? ECN brokers charge commissions on your trades in conjunction with what they make from the spreads while STP brokers benefit solely from the spreads. No commission.
If they are either ECN or STP broker, then they are Non Dealing Desk (NDD) broker. That means they themselves won’t trade against you. They want to see you succeed with your trades.
However, it is instructive for you to know that this broker is an affiliate (or IB) of InvestTech which is notorious with all the bad trading tricks in forex books. What this means is that (I am not sure) your order may be truly passing through this broker (STP) to InvestTech who finally processes this order to the finish.
The relationship between these two companies is just a classic case of guilt by association. So, weigh the pros and cons of this endeavor before jumping into bed with this broker.
Cheers,
Reny.
reny4forex@yahoo.com
August 26, 2010
#5
@admin,
Please can you update the vip section with the latest AUDUSD, USDCHF settings for ForexHacked on the live account. Thanks
August 23, 2010
#6
Where do I enter a discount code that I received?
August 24, 2010
#7
@ Greg Swanson:
You can do so when you place your order through Regnow’s order page. There’s a field in it that you can enter the discount code into before checking out. Look closely. It is in there.
Reny,
Reny4forex@yahoo.com
August 23, 2010
#8
Hello !
Hope you are well and I hope you dont mind me emailing you for some advice on the settings for the NEW Forex Hacked Bot.
So far we have been trading 3 days ( myself and father) and using a Micro account on the close of business our account had gone up from $1000 to $1015.50 with 3 trading days UK GMT 8.45pm until Friday UK GMT 11.50pm
We are trading 2 pairs GBPUSD & EURUSD
Here are the settings we have:
Lots 0.1
Take Profit 45.0
Booster 1.68
Pipstarter 31
Max Buy Orders 10
Max Sell orders 10
Allowi Stoploss False
iStoploss 300
Start Hour 0
Start Minute 0
Stop Hour 23
Stop Minute 55
Starting Trade day 0
Ending Trade Day 7
Slippage 3
trendPips 5
TrendStoploss 5
StopLossPct 100.0
TakeProfitPct 100.0
Pause New Trades False
Stopped out pause 600
Support ECN True
Mass Hedge False
Mass Hedge Booster 1.1
Trades Deep 5
EA_Name Forex Hacked 2.2
I would be grateful if you would confirm that these property settings are correct or there are better settings with more trades that also are not too dangerous.
I look forward to your reply
Regards
Gregory Long
August 23, 2010
#9
Hi Guys just installed the EA but would like to know what settings are best based on your experiences. if anyone could help.
thanks
August 26, 2010
#10
@Robo
It depends on what your definition of “best settings” is. Did you mean going agressive or going conservative? Your personal risk appetite, account size and choice of broker play important roles in determining what type of settings you want to use. So, the very first step is to evaluate your trading style and what you can afford to risk in the market. Then you will be able to go with the right settings that match your trading temperance.
You can send me an email if you need more help.
Cheers,
Reny
reny4forex@yahoo.com
August 22, 2010
#11
Hi Admin,
I am a newbie who enjoys reading from you a nd the members of the fbi family.
Having bought a copy of the forex hacked EA since mid July,I need your assistance or anyone out there who may be willing to help with the installation,please.
August 23, 2010
#12
goto http://www.forexrobotinstall.com he will install it for u for $67
August 24, 2010
#13
@Morallyupright:
U may send me an email so that we can take the installation process from there.
Reny,
reny4forex@yahoo.com
August 21, 2010
#14
Hi guys!
I am wondering if this EA can be used very conservatively just to give 5~10% a month return with minimal risk?
Cheers!
Avir
August 21, 2010
#15
absolutely …
August 20, 2010
#16
Hello Admin,
I have a question, I downloaded the actual Version now (from August) and would ask about your setting. Are you using the same setting as for the version before?
My project:
FXopen – ECN Account (real account)- invest 10k –
Pairs using: AUDUSD and USDCHF (TF 1H) with a leverage of 1:500
Settings: like your Live Micro Account Settings on the VIP site.
Can you confirm that?
Thank you
Robert
August 19, 2010
#17
Does anyone know how to get the Mass Hedge tool operating correctly?
August 20, 2010
#18
I am also very eager to know to have a right setting for MassHedge.
Besides, the support from FH is virtually useless, anyone can advise how to set FH to cut loss all position if the drawdown reached 10%?
Suggestion highly appreciated. thanks
Stephen
August 21, 2010
#19
no such thing, 10% drawdown is easily hit when u have 8 positions opened at the same direction. u cant apply stop loss strategy with FH.
August 22, 2010
#20
@ Stephen:
Please check your email. I have sent you a mail in response to some of the concerns you sent to me.
Cheers,
Reny.
Reny4forex@yahoo.com
August 23, 2010
#21
Thanks Reny4jah. Appreciate that…
Stephen
August 19, 2010
#22
Hi,
I was wondering which pairs people are having success with, and what settings.
I have just been using GBPUSD and USDJPY usine 45TP, 31PB, 1.7B 8 max sells & buys
Simon
August 17, 2010
#23
Hi Admin FBI, I got FH 2 days ago via your website & discount coupon, THX. I’m eager to start V2.3 but i read earlier you recommended running it on 2 pairs. Which one? My demo is milking money from GU, UJ EU & EC. But seriously, which one do u rec? TQ.
August 18, 2010
#24
@FX Raptor:
I suggest you look Admin’s live account above. He’s running it on AUDUSD and USDCHF with a leverage of 1:500. But take into consideration your account size size and broker’s choice before going with this leverage though.
Reny4jah
reny4forex@yahoo.com
August 17, 2010
#25
hello adm..today i have a good experince which FH took price sell at 1.5605 but tp same with EU’s tp 1.2979.maybe it clash with eu and gu data fit.it’s true.my demo increase 50% for 1 week trade.TQ
August 16, 2010
#26
Dear Admin, my Alpari UK demo account has no spread at all and you say your Forex Hacked mt4live account runs on Alpari. Also from the mt4live order Statement it seems to me that spread is not taken into account. Unfortunatelly if I subtract let’s say 2 pips from every order the profit drops 30-35%.
August 15, 2010
#27
hi..i am using fxopen micro account and my question is how much should i trade when i deposit usd1k when using FH?0.1 for cent or 1.0 for GU and EJ currencies.anyone can give opion.TQ
August 13, 2010
#28
Love your site very helpful to a newbie like me. Forex Hacked or Fapturbo for a first timer? Or Pipbrains?
August 18, 2010
#29
@Rob:
I’ll go with Forex Hacked. Don’t be greedy with it though. Use Admin’s settings and your account will be safe.
Reny4jah
reny4forex@yahoo.com
August 12, 2010
#30
The only setting that seems to manage with strong trends in 20TP, 45PS, 3B or 100TP, 80PS, 1.65B on the EUR/JPY only, forget the standard settings on the GBP etc. If one has a pipstarter on the GBP lower than 80 , then your account will blow up.
August 13, 2010
#31
Have you had good results with these settings?
August 13, 2010
#32
Rich what kind of success have you had with these settings
August 14, 2010
#33
Pretty good results, It does not seems to make as quickly as the defaults, but it SEEMS like it can take strong and fast trends. So far so good
August 14, 2010
#34
about 10% a week so far
August 18, 2010
#35
Thanks RR
August 17, 2010
#36
Richrichie: Did you mean 45 TP, 20 PS and 3B on the EUR/JYN?
August 19, 2010
#37
Nope , 20TP, 45PS, 3B on the eur/jpy, These settings seem to keep the price very close to the TP, Try it on Demo, It seems to handle trending markets well!!!!
August 12, 2010
#38
i did backtest on the masshedge at the new version 2.3 and it show something …i dont know… may be some one can help
here the link to download the backtest
http://www.mediafire.com/?u7qh1szvcsn2609
please lets iwork on it i fell it will be amazing
August 13, 2010
#39
its useless to do mess hedge. Your broker will delay your order entry in the real time. That changes everything on the performance.
August 11, 2010
#40
so the demo account is having a -$4400 float, which it is impossible to overcome.
Here i have a little suggestion to all of u running into trouble using this FH robot. Keep the maximum trade pe rchart low. example , max sell/buy : 8 and then .. when there is strong trend .. u will get stucked for days and the 8 positions unable to closed.
We can apply hedging and even out some of the losing trades.
1. open a position same size as the 8th trade.
2. open another position as big as you can afford.. To try even out the 5th and 6th positions .. and close the 5th or 6th trades.
3. continue to open large lot position to even out as much of the losing trades as possible. u can leave the 8th trade running for as long as -200 pips or so. It will come back some day.. If your account is at safe – loads of free margin, go ahead and change the magic number, let the ea continue to run. it’s good day to trade after stormy night.
August 11, 2010
#41
I need some help here…
1.) I am trying to disable FH on my MT4. What is the correct way to do this so that it finishes out the string of trades that are open without opening any new ones? Is clicking on the Expert Advisors button up top and making it red instead of green one way to do this?
2.) On FH, I have 3 separate buys and 2 separate sells open (none of these are strings for the same trade). I think that some of these buys are from a previous chart that I had opened and put FH on, but I fear those got deleted without disabling the EA, so what is the best way to shut those trades down?
Thanks!
August 11, 2010
#42
I am seconding kmr first question,anyone knows what happens when I use the “pause new trades” options? Will the ea add new trades to finish the existing trades safely and then pause or dose it just stop new trades “cold turkey”?
August 11, 2010
#43
KMR…yes just click ea button to red to disable…..and while you are at it get rid of Forex Hacked all together…it will margin your account in no time at all just like the Demo account displayed on the top of this page which should of had a margin call in the US trading session in todays trading.
August 9, 2010
#44
Hello, Im all very new to this and have been checking everything out. It sounds like Forex hacked is the best bot to buy and I am thinking of using instaforex as my broker. I am based in the uk and wonder if setting it on 1:400 would be about correct with an initial investment of $500. It looks like this system doubles your money nearly every week. is there any danger that I could lose money and end up owing money?? Im very excited about getting started on this but would really appreciate some feedback. it does however look a superb bot to use and i am a complete newbie!
August 11, 2010
#45
Hi Gregory:
Before you decide to open an account with Instaforex, please, please and please, check out customers’ and Admin’s reviews on this broker at forexpeacearmy.com.
It will save you a lot of headaches.
Reny
Reny4forex@yahoo.com
August 11, 2010
#46
Ok i am glad i have looked but I have already put $500 in but as yet have not started trading. Which broker would be recommended as the best to use Forexhacked please?? I see that the best recommended brokers by forexhacked are: Alpari UK, MIGfx, Instaforex, FXCM UK, or FXopen. Now I live in the Uk should I really have chosen Alpari? Gosh i really dont know what I am doing. I hope there will be no problem getting all my money refunded back. I await your help pleeeeeaaase! Thanks Greg.
August 11, 2010
#47
Hi again another quickie on this Forexhacked. I am confused completely about the setting that should be on ! I am on the new version 2.3 just released. Should it be on H1 or M30? I thought this was all so easy to set up but with the updates they have etc etc it can be a little confusing about all settings!
Greg
greg.long@talktalk.net
August 13, 2010
#48
I use FXDD and have been very pleased with them.
August 11, 2010
#49
nope, i have blown many thousands dollar with instaforex running FH, i do not recommend.
Good things about it is, u get 30% extra amount of your deposit for floating just what the FH needed – increase your margin.
However, increasing the margin doesnt always help in surviving your account. I always get ‘Context is busy error message’ and u cant get in any new trade. It’s a silent killer.
Plus, GBPJPY is 7 pips wide.
u have to try and decide for yoursel.
August 9, 2010
#50
Admin, have you stay on default settings for new trending function of v.2.3?
August 7, 2010
#51
2010.08.02 15:04 sell 2.02 gbpusd 1.58786 0.00000 1.58336 2010.08.02 15:34 1.58336 0.00 0.00 0.00 45 909.00
I have watched the market on last monday. I think it did not hit the target 1.5833 for GBPUSD.
Any clue? how it closed this position.
August 7, 2010
#52
Was anyone brave enough to leave Forex Hacked on through non farm payrolls last…If so how did it go and on which currencies did you have it open on.
Regards
August 7, 2010
#53
Hey Dylan:
You should have this set so that no new trades are initiated after Thursday. That way you won’t have open trades over the weekend, which can be dangerous because of gaps. There can be large drawdowns when this is EA is used on an extreme bullish or bearish trend where there are no corrections, so I’d be damn careful of trading this with news, especially anything critical, such as NFP.
August 7, 2010
#54
Thanks Marketdemon…..I didnt think it would be a good idea to let it trade through NFP so i closed all trades late asian session and shut it down and will reactivate asian session monday. I had it trading on gbp/Us,eur/Us and eur/jpy from monday and it did well for the week, making about 90 trades and about 8% on the account so cant complain about that..lets hope next week brings similar results.
August 9, 2010
#55
that’s is not the critical situation. The most critical situation is when the market is too busy, the server will not take your new order, You will get something like ‘Context is too busy’ . Then u are not entered in the absolute price. As well as slippage. When the slippage get widen more than 3 pips, and ur EA need to get entered a trade. It just wont happened.
This EA is gambling for small account. Of cause, u see the demo account above striking almost everyday because it’s a demo account. Broker will like u to see more winnings on Demo accounts. The black trick is only applied when u have live account.
The “gap” is not an important issue, it will only gives u some small loses after ur TP is hit. it’s still recoverable. If you try check on your accounts journal or logs, u will find a lot of errors. That the thing u should be taking care of.
The best broker to use FH is a broker that wont requote or no slippage and no delay in entering orders.
August 6, 2010
#56
Admin, have you ever tried the GBP/JPY pair with FH?
August 7, 2010
#57
No, I can’t say I have.
August 12, 2010
#58
How would you compare FXOPEN to IamFX as brokers?
August 6, 2010
#59
I bought already the Hacked Forex EA in your web page, how i become a VIP member? please let me know when u have a chance, i already tested the EA and it doubled the deposit in 3 days! thanks for your info.
August 5, 2010
#60
Hello All….. I have just opened up a micro account and have Hacked EA. I have been testing this EA on a Demo account, so far so good. I will be depositing about $1,200, however, my micro account is .01 at .10 cent a pip, at 200:1, would 2 currency pairs be ok? and I will be manually closing some trades that open up against the trend , if I could get some feedback.
Thanks
August 6, 2010
#61
That should be low enough risk. If by the 4th or 5th trade opened in a set you are pushing anywhere close to 10% of your margin then you are asking for trouble.
August 5, 2010
#62
will the FBI settings work with the new version?
August 5, 2010
#63
Yes
August 5, 2010
#64
I NOTICED THAT THERE IS A NEW VERSION OF THE FOREX HACKED EA. DO YOU KNOW WHAT IS NEW WITH THIS VERSION? HAS THE PROBLEMS WITH THE HEDGING BEEN SOLVED? IS IT SAFER NOW? I WENT TO THE WEBSITE BUT THEY DON’T HAVE MUCH INFO. THANKS FOR YOUR RESPONSE.
August 4, 2010
#65
My greed has come to bite me in the ass. Adding a third currency pair (GBPUSD) and increasing the starting lot sizes proved to be too much with the crazy upward trend GBPUSD recently. As a result I hit a margin call, but atleast I withdrew some of my profit a few weeks ago.
I have transferred that money back into the account and going to start over from $1000 with forex hacked 2.3 on just 2 currency pairs again.
August 4, 2010
#66
Hi, The same thing happened to me. I had an intial deposit of $750, increased the lots and added 4 pairs when it hit $1500, account spiked to $3500, withdrew $1300, had about $2200 in account, then got caught short on the GBP/USD spike and was eventually margin called and had $5 left in account. Now I have to start again with $1000. As a result of my greed instead of a $2750 profit, I now have $300. Will be sticking with VIP settings with new version 2.3 on 2 pairs again as well an not messing with it again.
August 4, 2010
#67
Admin
No apologies, we all have been there. On a good note, the new FH 2.3 is really something. Atm I am giving it a spin.
August 5, 2010
#68
You raise a question regarding the recent runup in the GBP. I have some open trades that are currently in the red. Although my drawdown is at a reasonable 20+%, because of the open trades, it limits the amount of new trades the EA can execute. The GBP would have to correct by at least 150 pips down for some of these trades to close. I’m trading conservatively using GBPUS and JPYUSD (My current settings are .01 lots, pipstarter 31, booster 1.7, TP45, & 8 trades per chart using V1) I don’t have much of an issue holding the positions, but I must also factor in the swap charges while holding the losing trades.
What are other traders doing in this instance-increasing the number of trades per chart or closing out losing positions? I’d appreciate any comments.
August 3, 2010
#69
hello
Mr Admin
What is your spread on GBP / USD and EUR / JPY from your broker?
thank you
August 2, 2010
#70
New version of FH available as of the 1st of August. See FH’s member’s page for details.
August 2, 2010
#71
Will Forex Hacked Trade micro accounts
August 1, 2010
#72
@Timejumper2020:
You have many interesting questions, the answers to which ONLY YOU can make decisions on. Please contact me at reny4forex@yahoo.com for more help in answering your questions.
I will be glad to come to your aid as much as I can.
August 3, 2010
#73
Okay, I already sent you an email. Thanks! -timejumper2020
July 30, 2010
#74
Hi.
I’ve just put FH on a micro account with FXOpen. It’s not a ECN account but is it an ECN broker? I just wondered if I should have my ECN as true or false?
Thanks very much.
July 29, 2010
#75
Hi Admin,
1) I used your coupon and just purchased Forexhacked. How do I join the VIP as you indicated above for the settings?
2) What time frame do you use? Is it H1 or M30?
August 1, 2010
#76
1. To become a member: Click on the VIP tab above, enter your email, open your email from ForexFBI for the password, type the password in the required field and log in. You are in.
2. H1 Timeframe.
July 29, 2010
#77
@Admin & All…In August ‘ll be going from DEMO (after almost 3 months) to LIVE for the 1st time and so I had a few questions.
1st- The Forex Hacked FAQ says your leverage should change from 500:1 or 300:1 to 100:1 or 200:1 when your account reaches $5000. Why is that?
2- In FxOpen when your account increases over $3000 your micro account changes to Standard so instead of trading at a cent it’ll start trading at a dollar. Isn’t a dollar too risky and is it possible to still trade at a cent when it reaches $3000?
3- Also, would like to know how to close a trade manually?
4- And last, lets say I want to withdraw earnings from FxOpen but Forex Hacked has open trades, I can’t do it right? I would have to wait til it closes all trades and then login to FxOpen and withdraw the money but how would I tell the robot not to open new trades to do this?
Thank you all for viewing and helping me with these questions.
-timejumper2020
July 30, 2010
#78
Okay Timejumper2020:
1. The answer to the first question is long. This is not the appropriate forum to highlight everything related to rewards and consequences of using a high leverage. Here is the short answer though in nontechnical terms:
With a deposit of $5,000 and a leverage of 1:500, you have the ability to control $2,500,000. With this huge amount that you could control with this leverage, your FH will be “fooled” into opening big lots on your behalf (thinking that you are now a rich man. I guess). At this point, you must take into account FH’s strategy: Martingale. Armed with the pip booster inbuilt function that it has, there is a potential for a huge profit if the bot rides the trend as it continues to pile up the huge lots and the gains that come with them.
But you know better than that. On a bad day if the bot rides against the trend, FH will keep opening big lots and multiplying them with the booster function until the account finally exhales. (FH’s mentality with huge leverage is “My master has enough money. Let’s trade with any amount we want). So, it is a double-edged sword. You can rise with a high leverage as you can crash and burn to ashes.
For more information read more through this link:
http://www.investopedia.com/articles/forex/07/forex_leverage.asp
2. FXOpen has its own set of rules and policies and there is nothing any clients can do about that. We can only work with what we have. My advice is that when your account finally increases above $3,000 and your cent account is converted to dollar account, choose your pairs very carefully, use low leverage and low risk settings to build your equity substantially before going high risk, i.e. if you ever want to.
3. To close your trade manually, point your mouse at the trade you want to close on MT4, right-click on the trade, select “Close Order”, At this stage, a window is going to pop up containing red(Sell), blue(Buy) and yellow (Close Order) tabs. Click on the yellow tab. The order should close after this step.
4. No broker will let you withdraw a penny if there are still orders opened. Okay, to stop the robot from opening more trades, there are different ways to do it:
a) Look at the top of your MT4 and click on “Expert Advisor” tab. The green arrow on it should change to red. At this point, the FH’s smiley face should display “X” which simply means the robot is no more trading.
b) You can simply X-out the chart on which FH is running.
c) Right-click on the chart. Select “Expert Advisors”, select “Remove”
d) Double click on the smiley face. Click on the “Common” tab, unclick the “Allow Live Trading” box. The smiley face will turn to a sad face afterwards.
Please note that any of these steps will only prevent the bot from opening further trades and that already opened trades will be running until they hit the Stop Loss, Take Profit or are manually closed.
Hope these hints help.
July 30, 2010
#79
@Reny4jah
Hey Reny4jah, thanks so much for your advice and suggestions. I think you cleared up everything. Just had a few small comments about what you wrote and also want to let you know I really appreciate you taking the time to write everything so clearly.
Okay my comments:
-I will read the link you posted on the leverage soon just wanted to write this on here first. Okay, so when your account reaches $5000 and your leverage with fxopen goes from 500:1 to 100:1 I should leave it right? Because the trades will be smaller and less riskier? It’s take me almost 3 months with my DEMO and the settings I have from the VIP section to double my account from 100k to 200k…I started with a micro account which trades at a cent so my 100k is really worth $1000 and today it’s up by 82k or $820 (I started my DEMO May 14th and August 14th would make it 3 months)…I don’t mind waiting that long to double my account because the trades are not so high and yet still profitable. My leverage is 500:1 so I think when I open a LIVE account with $1000 I’ll keep the leverage the same 500:1 However should i switch the leverage to 100:1 sooner before it reaches $5000?
-So when I hit the green “Expert Advisor” tab and it turns red it won’t open new trades but the ones that are open will it still try to make a profit on those and then close them right?
- And last I was thinking that when my account reaches $3000 to take $1500 out and wait til it doubles again and again always taking half or $1500 and opening more fxopen account worth $1500 and have them all trading at the same time and profit on all of them. Is it okay to do this or do you know of an easier way?
Thanks for reading and I’ll wait for your reply.
-timejumper2020
July 30, 2010
#80
@Reny4jah
Okay just read the article you posted. I think I understood most of it. LOL From what I read if for example your leverage is high like 500:1 and your lot size is a dollar then Forex Hacked can wipe out your account really fast. But if your lot is 100:1 and your lot size is at a cent then that’s the smallest risk you could take.
However my DEMO is 100k in cents (or $1000) and with a leverage of 500:1 and a micro lot size of a cent. So the risk is like midway I’m thinking, a low lot size and high leverage. Well as you can see it’s taken me almost 3 months to double my money. So is this an average risk? When I open a $1000 LIVE account if I go with a microlot of a cent and 500:1 leverage would it work like the DEMO and double my money in about 3 months? And in your opinion when would you lower the leverage from 500:1 to 300:1 or 200:1 or 100:1? Thanks! -timejumper2020
July 31, 2010
#81
@Timejumper2020
***Regarding the opened trades: It is important to understand that it is not the robot that turns opened trades to profits. Rather, it is the decision that it made prior to opening the trades that makes them profitable.
Said in another way, if the bot opened trades in the direction of the trend, majority, if not all, of them will be profitable BEFORE the trend reverses. After the reverse, you will rack up losses.
If the bot opened trades against the trend, if the Stop Loss is not hit and the trend reverses in your favor, all the negatives might be able to change to positives until they hit the Take Profit or are manually closed.
But one thing you should know is that prior to opening the trades, the bot has preset the Stop Loss and the Take Profit for you which can go in both ways in accordance with the explanation proffered above. Switching off the bot won’t change the fates of already opened trades. But you can by manually closing them. Use a combination of indicators like Exponential Moving Average (EMA) and Relative Strength Index (RSI) to determine if you need to stay in the trade or get out as soon as possible.
***On your $1,000 account at FXOpen: A leverage of 1:500 will work for this account. The fact that Admin’s account [$1,000; 1:500 leverage shown above at FXOpen] still stands the test of time is a testimony to the effectiveness of this trading strategy.
***On withdrawing after some gains: Yes, yes, yes! This is the wise course to take especially with FH. That is the “Double-Take-Out” strategy. As soon as FH doubles your account, it is wise to withdraw the invested capital and start over again. Repeat this method as many times as you can. That way you can always err on the side of caution.
***On whether demo results will parallel live results: Please do not base your absolute decision of your demo results since they produce simulated performance. Many a time, live results are COMPLETELY different from demo results. But like I said above, Admin has a live account with FXOpen. You can use that to gauge and judge FH’s performance when it is finally installed on your live account.
August 1, 2010
#82
Hi again Reny4jah. Thanks for your reply. So when would be a good idea to switch to a lower leverage like 100:1? Should I do that at the $5000 mark or sooner? And do you know if FxOpen allows you to open multiple accounts? Also is it not too risky to have a standard account when your money grows larger then $3000. Because that’s the point at which FxOpen converts your micro lot account into a standard lot account and your lot goes from a cent to a dollar in size. Thanks! -timejumper2020
July 29, 2010
#83
admin,everyone: are all of the tested EA’s done so on live accounts or demo? If so, how much was your deposit? Have you changed settings for all or left them as they came??
August 1, 2010
#84
@Bryce:
Forex Hacked is tested on both live and demo accounts. See the results above. Others are simply tested on demo accounts. The initial deposit for both demo and live accounts is $1,000.
Some of the settings were default while others have been customized. To have access to the Admin’s settings for demo and live accounts, you may need to become a VIP member.
To become a member: Click on the VIP tab above, enter your email, open your email from ForexFBI for the password, type the password in the required field and log in. Walaa! You are in.
July 29, 2010
#85
@everyone
19:04:16 Old tick GBPUSD60 1.55986/1.56017
19:04:16 Old tick GBPUSD60 1.55988/1.56018
This message keeps on popping up in my .log file and FH fails to open up any trades. What does this mean? And how can I fix this?
July 29, 2010
#86
Hi Admin, it appeared that starting 7/22 on the live account, you have added GU pair. I wonder how the system would withstand if you have entered GU 1+week earlier when GU rose 500 pips between 7/13-7/15?. Unless you change the lot size or setting on GU, it would cause a huge drawdown, no?, especially for folks who have just entered the market.
July 29, 2010
#87
You are absolutely right, I was in a gambling mood this week so I added a 3rd currency pair (GBPUSD) with my increased equity. I tried to pick a currency pair that doesn’t follow similar trends to AUDUSD and USDCHF.
August 1, 2010
#88
But if you look at the chart for that period, you’ll notice that right in the middle of that trend it took a 86 pip retrace, which would handle and resolve all your drawdown. That’s how Hacked works.
July 29, 2010
#89
Hi Jaun, if you check the figures carefully on the link http://hacked2.mt4live.com you will notice that the correct settings are: TP=45 and not 21, Pipstarter =31 and not 15 and booster =1.7 and not 1.6. I have found that some of the stated settings on Forex Hacked site do not match actual settings used. When you do the maths, the pips difference between lot size 0.01 and 0.02 is 31 and not 15
July 28, 2010
#90
My friends.
I leave here a personal opinion of backtesting : it doest work. The majority of the times they show us wonderful backtestings of some EA that includes YEARS of positive test and growth. Then we run to buy it and put immediately to work and….results : shock against the wall.
In my personal opinion backtest its a SIMULATION of the real conditions of trading and lamentably one simulation very far away of the real markets.
Therefore I never consider backtesting in order to take any desicion. I prefer put to trading EA in the real time markets in one demo account for example. For this reason I like so much mt4live.com : verify instantaneously performance in the present markets.
I hope this info helps you to take better desicions.
July 28, 2010
#91
Hi every one !!
I see all yours doubts and questions. Thanks for all of yours expositions about FH. Please, go to the next link :
http://hacked2.mt4live.com
That link was taken from the oficial web site of Forex Hacked. Its the same system that uses ForexFBI to create the comparision of the EA perfomance : mt4stats.com.
In that place you can see all the information about the account from the very first trade to until today :
1.- Closed transactions (time, sell/buy, leverage, pair, price, SL, TP, pips, profit)
2.- Closed profit curve.
3.- Closed pips curve.
4.- Open trades.
5.- Equity curve.
6.- Working orders.
Remember this account start with 500 USD and considering all the detailed information of trading, study the evolution of Equity Curve…very solid performance….enjoy.
July 28, 2010
#92
Juan,
Thanks for sharing your experience with your current settings. The Forex Hacked website provides a number of settings to examine. I’m using the “featured” settings at the Forex Hacked website. There a few less trades (TP is 45 pips) and only 8 trades max per chart so while the profits are lower, the drawdowns aren’t as dramatic either. I’m trading both the GBPUSD & USDJPY. Did you backtest the settings before you went live?
August 2, 2010
#93
Hello, ponyBoy
please tell me how to do setting from (the “featured” settings at the Forex Hacked website)
I did try to login to the VIP, but i cant see where to do the setting area, only see the
DEMO setting
please kindly reply
my email; cliprich0101@gmail.com
skype;dannychin0101
Thanks
July 28, 2010
#94
Hi, everyone!
I`m thinking about startint with FH in a live mivro account at Alpari UK with an initial capital of 1000,00 Euros.Would anyone help me with the best settings configuration for this situation? I`d like to keep the drawdown level in a small risk at least in the biggining so I can keep the free margin in a good level.
Thank you!
Best Regards
July 28, 2010
#95
thank you juan for the input. I will start to take a test on it. 15 and 21 giving u that huge profit, it sounds tempting. However, The biggest threat to FH is ‘gap’ which usually happened during the close of the week and starting of the week. During the 16 to 27 of this month there were no gaps occured. When it occured, say 60 pips, u missed 4 positions, when the gap is filled immediately, u might face certain damage to your account. could a 20% cut down on your balance.
Example, in my fxpro chart, the 9.30pm aud CPI release has produced a huge 100 pips of gap. Whereas in my fxopen and any other broker’s chart, it shows no gaps but there is a 60 pip long bar in M1 chart, When such case happen to the pair u trade, how would FH react to this?
July 28, 2010
#96
Hi Chad.
I dont know the reaction of FH in this special case that you mention. In any case, as we know is usual they happen GAPs at the beginning of week, reason for stay away of the market in this special moment. If its possible to be remained outside market and thus to enter calmer some hours after the opening -although gap can happen in fact at any time -. Only apply this very simple rule to beginning week us can avoid a drawdown in our account.
I believe the “secret” to make money with FH is not fall in the greed to try gain millions quickly. This EA is very efficient calibrated machine, but when forcing to gain too much “mayday” ( drawdown ) can happen, essentially by the concept of martingala works. Martingala is efficient but until certain level of exigency, that if you exceed then losses arise and goodbye to gains.
July 28, 2010
#97
i suspected something,
the current total lot size opened is 2.00 lot , the margin used is $40, thats impossible for real account. And meanwhile i just put up the test run few hours ago try to duplicate this statement, within hours the balance increase to $725 from $500 , but floating at -$340 , free margin $175. leverage 1:500. in the next 40 pips movement it’s either margin call or hit lottery.
July 28, 2010
#98
Hi every one. Take a look to this link : http://hacked2.mt4live.com/
Forex Hacked trading on U$ 500 of initial capital with settings :
Pipstarter = 15
TakeProfit = 21
Booster = 1.6
MaxTradersPerChart = 15
Rest are default
Until today, FH has gained 348 USD …65.7% of the inicial capital between 16 and 27 of this month!! ….WOW
This EA obtains that results in a small account and just a short time is really impressive….imagine in bigger accounts.
Its amazing that using a perfect and refining mix of martingala, hedging and break-out will be so profitable.
July 28, 2010
#99
demo account?
July 28, 2010
#100
Hi Chad.
The link “http://hacked2.mt4live.com” it was taken from the web site of FH “forexhacked.com” in latest results.
July 28, 2010
#101
@Juan, what is the name of the broker you are testing it on and at what leverage?