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FRWC HiRider Advanced Demo Discussion
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Member Since Feb 24, 2010 59 posts
kelrine
Apr 21 2010 at 04:36
LOL...this demo account already showing big losses, still can say profitable in long run.
Also, look at this account, Hirider slowing killing the account. Note those 5 identical open trades totaling loss of $1k. http://www.myfxbook.com/members/fusionrobot/fusion-v-robot/18386 |
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Member Since Feb 27, 2010 30 posts
bguguen
Apr 21 2010 at 04:42
Well mines showing a different picture mate... but yea i can see where you're going... but Yours and the one you provided were using a rubbish FXBroker, if i were you id go with FXDD malta for hirider advanced, they have a more reliable chart than whatever you're using, another successful one is Alpari UK,
otherwise if ur willing to Invest a little more so that the base trade would be at mini lots 0.1 lots theres these id recommend MIGbank, Admiral.... Oh and test the settings because it is known Hirider on 10 for maxtrade on S1,2,3,4 with lot risk reductor at 1 its known to lose Try all combination by backtesting... Mines all the way up friend cuz i actually spent 2 month testing different parameters and yep thats what you have to do, Not blindly applying the bot and hope that it works... By the way Hirider in Demo making loss doesnt mean its a lost in real mate... In Real when Hirider places a trade it does affect the market, think about this each pip is 3 billion US dollar up or down so YOUR trades in real does affect how the market goes, demo doesnt... demo is fake money, doesnt add weight to the VOLUME of trade... Bot or Not, Profit is the Name of the Game! |
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Member Since Feb 24, 2010 59 posts
kelrine
Apr 21 2010 at 05:16
Suggect you post your Hirider live account here so we can track and see if its really as profitable as you say. Maybe that could change our perspective for the better.
I wonder how many real 0.1 lots of Hirider can influence the market to move in our way......... Also the developer's manual advices to use only 0.01 lots. 
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Member Since Feb 27, 2010 30 posts
bguguen
Apr 21 2010 at 05:18
well we'll see too early to show and too early to tell whether if its going good or not..
but i put the same Parameters i used backtesting it. Bot or Not, Profit is the Name of the Game! |
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Member Since Apr 10, 2010 24 posts
Cheng King Xiang (kinggy)
Apr 23 2010 at 10:32
There's a new released of HiRider. FRWC named it as HiRider Modified.
I've put that modified EA for a test: http://www.myfxbook.com/members/kinggy/frwc-hirider-modified-demo/27880 More information about the EA can refer from here: http://frwc.wordpress.com/2010/04/23/hirider-modified/?preview=true&preview_id=156&preview_n6131f63838 Trade with Proper Money/ Risk Management |
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Member Since Feb 27, 2010 30 posts
bguguen
Apr 23 2010 at 10:34
by the way cheng, my Hirider Advanced ust made me another 60 Green pips in the bag 120 waiting to be taken soon...
Bot or Not, Profit is the Name of the Game! |
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Member Since Apr 10, 2010 24 posts
Cheng King Xiang (kinggy)
Apr 23 2010 at 10:55
(edited Apr 23 2010 at 10:57 )
bguguen posted:
by the way cheng, my Hirider Advanced ust made me another 60 Green pips in the bag 120 waiting to be taken soon... Hi Bguguen, It appears the same from my demo trading with yours. Manuel T, the modifier for the new HiRider Advanced. The risk-reward ratio is better of than the HiRider Advanced. More drawdown = More Profit The above method can only prove workable if HiRider Advanced has a good accuracy in taking profit for every opening trades before it hits the 210pips stop-lost, else the losses can be huge. From my trading with HiRider Advanced in demo account, it did hit the 210pips stop-lost before. HiRider Modified can open up to 20 trades simultaneously, 5 trades for each strategy. My suggestion is to trade only 0.01 lot size for every USD1000. To trade more conservative, reduce the number of trades to 10 in total. We'll see how the test goes. 
Trade with Proper Money/ Risk Management |
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Member Since Feb 27, 2010 30 posts
bguguen
Apr 23 2010 at 11:00
if you backtested it over the years of 2008 to now you would find out consecutive loss was around 2 and total loss was 3 times... while the consecutive win was around the 100 value... and it won around 500 soo yea.... its quite a consistent little fellow, best used when Volume Traded in peak times is above 50
i found out Hirider is a losing strategy if it traded back in 2005,, 2006 and 2007 as those years EUR/USD Volume was terribly low... mostly cause EURO was a relatively NEW currency... so yea just keep your options open... Bot or Not, Profit is the Name of the Game! |
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Member Since Apr 10, 2010 24 posts
Cheng King Xiang (kinggy)
May 12 2010 at 12:45
My Demo trade for HiRider Advanced is carried forward to here:
http://www.myfxbook.com/members/kinggy/frwc-hirider-advanced-demo/31003 Trade with Proper Money/ Risk Management |
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Member Since Feb 27, 2010 30 posts
bguguen
May 12 2010 at 15:36
Hey Cheng, trust me, Try running Hirider advanced using DIFFERENT parameters then the suggested, backtest and run demo at the same time.
mine with my custom parameter settings is doing great.., +14.96% growth... my profit already 10% of my account! Bot or Not, Profit is the Name of the Game! |
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