To use chat, please login.
Back to contacts

Forex Hacked-Alpari UK (By Rick Smereka )

The user has deleted this system.

Forex Hacked-Alpari UK Discussion

johnm
Aug 24 2011 at 12:10
4 posts
Would you share the settings you are using for the Forex Hacked EA on this account?

Is it version 2.3?

Did you ask Alpari UK to change the leverage on the demo account from 1:100 (default?) to 1:500?

What are the other parameters?

I appreciate the help you are providing for all of us. Thank you!

John

juanmi
Aug 24 2011 at 12:48
4 posts
Hi johnm,

Rsmereka is using:

User=Your ForexHacked.com Username
_________=Magic Number Must be UNIQUE for each chart!
MagicNumber=133714
Lots=0.01000000
TakeProfit=35.00000000
Booster=1.70000000
PipStarter=21
MaxBuyOrders=12
MaxSellOrders=12
AllowiStopLoss=0
iStopLoss=300
StartHour=0
StartMinute=0
StopHour=0
StopMinute=55
StartingTradeDay=0
EndingTradeDay=7
slippage=3
allowTrending=1
trendTrigger=3
trendPips=5
trendStoploss=5
StopLossPct=100.00000000
TakeProfitPct=100.00000000
PauseNewTrades=0
StoppedOutPause=600
SupportECN=1
MassHedge=0
MassHedgeBooster=1.01000000
TradesDeep=5
EA_Name=ForexHacked 2.2

5k with one pair is 0.01 (10 cents x pip ) lot. 10K with one pair is 0.02 (20 cents x pip).


Rick Smereka (rsmereka)
Aug 24 2011 at 14:36
51 posts

juanmi posted:
    Reference: https://www.pipcop.com/forums/current-live-robot-reviews/411-forex-hacked.html

juanmi,

Thanks for answering 'johnm' 😀

BTW, lot has been changed to 0.02 (once equity reached 10K) as of Mon Aug 22. Post is https://www.pipcop.com/forums/current-live-robot-reviews/411-forex-hacked-3.html#post8653

Rick

Rick Smereka (rsmereka)
Aug 24 2011 at 15:07
51 posts

johnm posted:
    Would you share the settings you are using for the Forex Hacked EA on this account?

Is it version 2.3?

Did you ask Alpari UK to change the leverage on the demo account from 1:100 (default?) to 1:500?

What are the other parameters?

I appreciate the help you are providing for all of us. Thank you!

John

John,

Yes, I am running version 2.3 (even though the set file says version 2.2)

When creating a demo account, the leverage says 100:1 but this is wrong if you do the calculations. Alpari UK leverage is floating. It starts at 500:1 and lowers at larger lot sizes. Here is their explaination https://www.alpari.co.uk/en/customer_service/account_management/floating_leverage.html Demo accounts act the same way.

Other parameters? The way I am running all of my MetaTrader accounts. The VPS I am using etc is documented in my trading journal post #1 https://www.pipcop.com/forums/member-trading-journals/171-rsmereka-trading-journal.html

Rick

johnm
Aug 25 2011 at 06:06
4 posts
Thank you! :)

When I run it in the strategy tester, it tends to grow steadily but then blow the account, like any Martingale system, I guess.

So to run this live, with any setting, would seem a little crazy to me...

John

Rick Smereka (rsmereka)
Aug 25 2011 at 12:41
51 posts
John,

It is a Martingale money management system. You have to use very strict control over the lot size. No more than one micro (0.01) per 5K. To be extra safe, even more than that (one micro per 6-10K). When I did some sample backtests, I also got blow ups anytime I exceeded 5K per micro. Indeed, depending on which month you started the backtest, sometimes the account would blow at 5K per micro.

This is why a lot of people stay away from Martingale based systems. I still think this strategy has merit because it uses Martingale in combination with hedging but I am no where near where I would put it on a live account.

Rick

johnm
Aug 25 2011 at 19:16
4 posts
Yes, I see.

But even with a very small lot size, the risk of total loss appears to be (too) real to me.

Rick, how do you do a backtest over many years?

I use the MT 4 system tester on an Alpari UK demo account. It does not go back very far...

Thank you!

John

Rick Smereka (rsmereka)
Aug 25 2011 at 20:17
51 posts
John,

You need to update the data from the 'History Center' so you have all of the data on file. Goto the menu item Tools->History Center or just press F2. On the left side of the history center double-click on GBPUSD and then single-click on H1 and click on the 'Download' button. It may take a while to download all of the missing data. The other thing you need to do is to check 'Use date' in the strategy tester and select what start date and what end date you want. With Forex Hacked running on the H1 chart, you should easily be able to run a 10+ year backtest. That is what I did.

Rick

johnm
Aug 26 2011 at 07:19
4 posts
That worked.

Thank you, Rick! :-)

John

Please login to comment .