Forex Hacked-Alpari UK (By rsmereka)
The user has deleted this system.
Forex Hacked-Alpari UK Discussion
Nov 17, 2011 at 00:38
(edited Nov 17, 2011 at 00:42)
Hi Ryan,
acsinc posted:
Hey Rick,
So for the last couple of months, I've been using recommended settings by FH developer: Pipstart: 31, TP 45, Booster 1.68, Max Sell/Buy 9. I've been trading only G/U. This last 2 days of decline (Nov.14-16) have taken me in on all 9 buy trades. Last night, I deposited more funds into my acct (Pepperstone Razor 400:1) as I knew the $3k I had in there would not be enough to handle another 100 pip drawdown. Sure enough it's dropped more today and had I not added another $2k, I would have lost. Now, I sit with 9 buy trades and a huge DD. I can only hope for a nice retrace back up to get me out. Otherwise, I will need to add more funds or take a hedged position.
The point I make is for those who read this, $3k is not enough for trading FH. I got lucky starting with $2k and made it to $3k. But now here I sit with a huge DD and my TP is about 150 pips away. For G/U, it's not a prob for it to move that much, but, market sentiment sure is bearish.
The other point I want to make is I see the settings you're using: Pipstart 21, TP 35, Booster 1.7, Max 9
I see your demo accts have survived this fall with G/U these past 2 days. With a 35 TP as opposed to a 45 TP, it looks like the retraces are easier to get. I think I will make the change as well once I finagle my way out of this situation I'm in now.
I will also make the change to FXPrimus to get 500:1 leverage and go through Cashback Forex to sign up to get the commission rebates.
Kind Regards.... Ryan
Sorry to hear about your current floating DD. I have been there so I know exactly how it feels.
The Forex Hacked developer recommended settings and lot sizes are suicidal IMHO. I noticed much lower DD with PS 21, Bst 1.7. I was originally running with max orders 12 but reduced this to 9. The only other thing I am doing which most do not is I have allowTrending on which will cause Hacked to dump the entire basket at a loss if things get too hairy. That is why you see the occasional day (5 so far on this account) that closed at a loss. No way 3K is enough even at 0.01 lots. I am using 5K per micro and have been getting good results. There are a number of people on Pipcop that are also using these settings on live accounts.
One note about FXPrimus. deathlord (https://www.myfxbook.com/members/deathlord) is having a strange problem with Hacked and FXPrimus's Ecn account reported on Pipcop (https://www.pipcop.com/forums/current-live-robot-reviews/411-forex-hacked-13.html). The cause it not yet known. A new post says that he has given up on FXPrimus and suggests InstaForex as a replacement. I posted back with the fact that FPA has classified InstaForex as a scam and countered with GoMarkets which some of the guys are using on live accounts with Hacked and is performing well.
One other thing. Don't do Cashback Forex. Read the agreement. Where do you think they get the extra pips? They actually increase your spread and refund you. Talk about nuts!
Rick
Nov 17, 2011 at 00:41
The trouble is that Alpari UK demo's are sweetened to look really nice and you cannot possibly trade Hacked live with them due to their stupid lot size restrictions unless you have 50K to start for a classic account.
rafizi posted:
Looking good Rick, if only Alpari actually offers a live account like their demo specs we'd all be raking it heheheheh.
Rick
Nov 17, 2011 at 02:21
Hi Rick.... Thanks for the tip on Primus. I knew about Instaforex having red flags. I'll check with GO Markets. I wonder if they will allow for 500:1 leverage no matter the amount of funds in the account? I shall inquire.
Re: 'allowTrending' parameter set to true, what is the stop loss number of pips you input for all to close out? Utilizing this sounds like it would be a good idea. Yes you take a hit, but FH would recover that in no time.
Ryan
Re: 'allowTrending' parameter set to true, what is the stop loss number of pips you input for all to close out? Utilizing this sounds like it would be a good idea. Yes you take a hit, but FH would recover that in no time.
Ryan
Nov 17, 2011 at 04:32
Even with 50k i don't feel easy trading FH with 0.1 lots. Like Ryan I will probably go live with GO by the end of the month. I will probably set a base of $8k and withdraw every 2k if they are stubborn with the leverage. I hope they sort out their spread issues by then, check Forex Factory forums as they received numerous complaints since switching liquidity providers.
Nov 17, 2011 at 16:33
I checked out Go Markets. They allow 500:1 leverage up to $10k. It drops to 400:1 from $10k to $25k, after which it drops to $300:1. It continues to drop as the account grows, so I'm not interested in this as I want to eventually put about $20k in. I'm going to try Plimus Variable spread account, not ECN, and see how it does. Demo means nothing to me so I will start live once I can get myself out of the DD I'm currently in. I need price to reach 1.5872 on GU ;o)
Ryan
Ryan
Nov 17, 2011 at 18:18
rsmereka posted:
The trouble is that Alpari UK demo's are sweetened to look really nice and you cannot possibly trade Hacked live with them due to their stupid lot size restrictions unless you have 50K to start for a classic account.
rafizi posted:
Looking good Rick, if only Alpari actually offers a live account like their demo specs we'd all be raking it heheheheh.
Rick
Run Ea on Demo and use a Trade Copier to copy to live. Trade copiers are much more resistant to broker tricks.
Nov 17, 2011 at 19:08
Just to clarify this, I do not recommend InstaForex (yet), I just did some promising backtests and am starting forward testing right now. ;-) And the reason I am doing this despite the SCAM indication from FPA is that they are the only broker I know where the system automatically adds new deposits immediately to the account, so even with a news event during the day that causes heavy DD you are able to refund the account. With all the australian brokers including GoMarkets you have to wait for their business hours during European night, which means with a heavy movement during the day it might already be too late for the account. Apart from this, I am not a fan of InstaForex after all, but one reported case of SCAM is not enough for me to completely disregard the broker, as long as I don't have a better alternative.
And my FH problem does not only occur on the FXPrimus ECN account but also after I had them switch it to variable spreads. So whatever it is, it is not related to ECN specs. No idea what is causing it, but since noone else seems to use FXPrimus live, I have given up on solving this for now.
And my FH problem does not only occur on the FXPrimus ECN account but also after I had them switch it to variable spreads. So whatever it is, it is not related to ECN specs. No idea what is causing it, but since noone else seems to use FXPrimus live, I have given up on solving this for now.
Nov 17, 2011 at 19:26
deathlord posted:
Just to clarify this, I do not recommend InstaForex (yet), I just did some promising backtests and am starting forward testing right now. ;-) And the reason I am doing this despite the SCAM indication from FPA is that they are the only broker I know where the system automatically adds new deposits immediately to the account, so even with a news event during the day that causes heavy DD you are able to refund the account. With all the australian brokers including GoMarkets you have to wait for their business hours during European night, which means with a heavy movement during the day it might already be too late for the account. Apart from this, I am not a fan of InstaForex after all, but one reported case of SCAM is not enough for me to completely disregard the broker, as long as I don't have a better alternative.
And my FH problem does not only occur on the FXPrimus ECN account but also after I had them switch it to variable spreads. So whatever it is, it is not related to ECN specs. No idea what is causing it, but since noone else seems to use FXPrimus live, I have given up on solving this for now.
Exness also does instant deposit to account. Reliable and honest broker with max leverage 1:1000. All withdrawals are automatic and instant. www.exness.com
NB: I am not affiliated with them. I have been trading with them for years,
Nov 17, 2011 at 20:30
@ Deathlord: Keep us posted on Instaforex. I did check their site out and asked some questions with their CS and they were prompt at answering me. I'd be curious to see if they will make a good candidate with FH. I will try Primus Variable Spread and see if I have any issues. Will let you know in a week or two.
@ Ralfxify: the Exness link you posted didn't work. Try this link for those who want to check them out: https://exnessfx.com/
FH may work with them if you open a cent or mini account. But not if you open a classic acct. They only allow 100:1 on their classic acct and the minimal lot size is .10 (mini). That will not sustain FH at all.
I am using Pepperstone Razor with 400:1 leverage. I will hang onto them in case Primus doesn't work for whatever reason. Pepperstone has been great all around. I like the fact that they too will allow for instant deposit (which I had to do the other day with my positions in huge DD). I would have lost it all had I not topped it up with another $2k. When I made the transaction via credit card, the funds were in within the hour. I really like this feature especially when there are open positions already. The only negative is that they go as high as 400:1 leverage, not 500:1.
Cheers!
Ryan
@ Ralfxify: the Exness link you posted didn't work. Try this link for those who want to check them out: https://exnessfx.com/
FH may work with them if you open a cent or mini account. But not if you open a classic acct. They only allow 100:1 on their classic acct and the minimal lot size is .10 (mini). That will not sustain FH at all.
I am using Pepperstone Razor with 400:1 leverage. I will hang onto them in case Primus doesn't work for whatever reason. Pepperstone has been great all around. I like the fact that they too will allow for instant deposit (which I had to do the other day with my positions in huge DD). I would have lost it all had I not topped it up with another $2k. When I made the transaction via credit card, the funds were in within the hour. I really like this feature especially when there are open positions already. The only negative is that they go as high as 400:1 leverage, not 500:1.
Cheers!
Ryan
Nov 17, 2011 at 20:46
I have a Pepperstone and a GoMarkets account as well, and they also don't have instant deposit. Pepperstone only adds credit card deposits within an hour during business hours, so it's the same problem with them as with all others, when you trade GBPUSD or EURUSD. Regular news-time (especially currently, when most 'bad' news are from the EU credit crisis) is outside their business hours.
So it's very similar to GoMarkets, who book creditcard and paypal deposits within 3 hours during business hours.
I will have a look at exness as well, but on their symbols overview page for forex, it says something about 200:1 leverage, so that somehow contradicts the 1000:1 leverage from the account overview.
So it's very similar to GoMarkets, who book creditcard and paypal deposits within 3 hours during business hours.
I will have a look at exness as well, but on their symbols overview page for forex, it says something about 200:1 leverage, so that somehow contradicts the 1000:1 leverage from the account overview.
Nov 18, 2011 at 14:19
RalFxify posted:
Run Ea on Demo and use a Trade Copier to copy to live. Trade copiers are much more resistant to broker tricks.
That doesn't help with leverage and lot size issues, only pricefeed. Anyway on Alpari UK at least I have found their demo to disconnect every now and then. So if you're running an EA+trade copier combo and set the demo acct as the 'master' it might be risky.
Nov 18, 2011 at 17:12
Yea! Got a nice retrace overnight and was able to get out of my DD as noted in a previous post a couple of days ago. It's a good thing that I added more funds when I did or else it would have taken me out. I can't emphasize enough along with Rick that $5k should be the minimum one should start with trading FH trading at .01.
Cheers!
Ryan
Cheers!
Ryan
Nov 19, 2011 at 01:45
Hi Ryan
acsinc posted:
Yea! Got a nice retrace overnight and was able to get out of my DD as noted in a previous post a couple of days ago. It's a good thing that I added more funds when I did or else it would have taken me out. I can't emphasize enough along with Rick that $5k should be the minimum one should start with trading FH trading at .01.
Cheers!
Ryan
Good to hear that.
Rick
Nov 19, 2011 at 01:49
I don't know what the stop loss is. My values are allowTrending True, trendTrigger 3, trendPips 5, trendStoploss 5. The trendStoploss is not the number of pips in DD before closing the basket.
acsinc posted:
Hi Rick.... Thanks for the tip on Primus. I knew about Instaforex having red flags. I'll check with GO Markets. I wonder if they will allow for 500:1 leverage no matter the amount of funds in the account? I shall inquire.
Re: 'allowTrending' parameter set to true, what is the stop loss number of pips you input for all to close out? Utilizing this sounds like it would be a good idea. Yes you take a hit, but FH would recover that in no time.
Ryan
Rick
Nov 19, 2011 at 02:02
Gomarkets has a floating leverage too. (https://www.gomarketsaus.com/what-is-forex/leverage/)
rsmereka posted:
I don't know what the stop loss is. My values are allowTrending True, trendTrigger 3, trendPips 5, trendStoploss 5. The trendStoploss is not the number of pips in DD before closing the basket.
acsinc posted:
Hi Rick.... Thanks for the tip on Primus. I knew about Instaforex having red flags. I'll check with GO Markets. I wonder if they will allow for 500:1 leverage no matter the amount of funds in the account? I shall inquire.
Re: 'allowTrending' parameter set to true, what is the stop loss number of pips you input for all to close out? Utilizing this sounds like it would be a good idea. Yes you take a hit, but FH would recover that in no time.
Ryan
Rick
Rick, that with the trending is actually something I was wondering and wanted to ask you before, because from my impression trending happens when the price keeps close to t/p but does not reach it, so trending then sets a close t/p and s/l and starts trailing. You mentioned several times that the trending setting is supposed to close the basket after some time. What exactly do you mean by that, because I don't think that is the case? The only thing that closes a basket when the market trends against it is a margin call. (maybe hedging would help here, but I think the hedging setting were not successfully implemented but are flawed, so I never really tested them.
Nov 19, 2011 at 03:17
Yes,
GoMarkets has a floating leverage but it floats according to the account equity, not the lots in play like Alpari and a lot of other brokers.
If you look at my demo, it happened 5 times since the start of the account where the entire basket was dumped at a loss and Hacked starts a new basket. May 11, Aug 29, Oct 13, Oct 21 and Nov 11. These were all losing days. AFAIK, this is the only situation where Hacked closes the basket at a loss. That's the issue everyone is facing where Hacked will not give up even if the basket goes into deep DD. With allowTrending, the basket is dumped before, and yes, it may mean losing potential profit if the market retraces. In my experience, Hacked quickly recovers from the loss.
Rick
GoMarkets has a floating leverage but it floats according to the account equity, not the lots in play like Alpari and a lot of other brokers.
If you look at my demo, it happened 5 times since the start of the account where the entire basket was dumped at a loss and Hacked starts a new basket. May 11, Aug 29, Oct 13, Oct 21 and Nov 11. These were all losing days. AFAIK, this is the only situation where Hacked closes the basket at a loss. That's the issue everyone is facing where Hacked will not give up even if the basket goes into deep DD. With allowTrending, the basket is dumped before, and yes, it may mean losing potential profit if the market retraces. In my experience, Hacked quickly recovers from the loss.
Rick
Nov 19, 2011 at 08:40
(edited Nov 19, 2011 at 08:47)
The thing is ... I am running AllowTrending as well, and it never happened, that it closed a basket in drawdown. Not in the backtests and not on any account. Based on my tests, the only thing that AllowTrending does is the trailing. In some backtests baskets were closed so the balance slightly reduced, but that only happened when FXH was trailing with the market and closed in S/L so not in big drawdown, or when a basket had a lot combination where losers outnumbered the winners and the basket was therefore negative. But it never closed a basket in drawdown.
This is what the homepage says: 'The idea behind this new feature called Trending is to capitalize on trends or spikes in our favour. Instead of closing a set of trades at their take profit when the price reverses, it will adjust the takeprofit up slightly when the price gets close and continue doing so until the price finally reverses back enough pips to close the trades in extra profit.'
The StopLossPct setting is something that should close losing baskets, but I haven't been using that so far. Might be an idea to give it a try though, because that is a StopLoss based on DD.
This is what the homepage says: 'The idea behind this new feature called Trending is to capitalize on trends or spikes in our favour. Instead of closing a set of trades at their take profit when the price reverses, it will adjust the takeprofit up slightly when the price gets close and continue doing so until the price finally reverses back enough pips to close the trades in extra profit.'
The StopLossPct setting is something that should close losing baskets, but I haven't been using that so far. Might be an idea to give it a try though, because that is a StopLoss based on DD.
Nov 25, 2011 at 17:25
hi Rick... wow, what a difference btwn the ECN and Spread and your Variable demos. Interesting that the variable is in good shape, but the other two are in serious DD. I'm quite surprised that the other two didn't at least get 35 pips re-trace from the 1.58 area. Spread must be the key, but the Variable spread is what really gets me. One would think ECN would be better because of the lower spread.
But I see the Alpari demo is still rocking it for you. Too bad that isn't real $!!! lol
My plan is to put in $20k soon. I have $10k already. I'm sticking with Pepperstone for a number of good reasons, except that it's 400:1 leverage (they don't offer higher). When I do get $20k in, to be safe, I will trade .03 instead of .04, and using all the same parameters as you use. Seeing the DD your 2 demo accounts, as I mentioned earlier, are experiencing right now, I will play it safe. So instead of .01 per $5000k, I will go one less. Another words, when/if my balance gets up to $30k, I will trade .05 lots instead of.06. Or I may even trade .04 lots. This way if a 35 pip re-trace doesn't happen after 9 max positions (I may go 10), then it will leave more room for equity. We'll see, I'll 'play it ear.'
Regards.... Ryan
But I see the Alpari demo is still rocking it for you. Too bad that isn't real $!!! lol
My plan is to put in $20k soon. I have $10k already. I'm sticking with Pepperstone for a number of good reasons, except that it's 400:1 leverage (they don't offer higher). When I do get $20k in, to be safe, I will trade .03 instead of .04, and using all the same parameters as you use. Seeing the DD your 2 demo accounts, as I mentioned earlier, are experiencing right now, I will play it safe. So instead of .01 per $5000k, I will go one less. Another words, when/if my balance gets up to $30k, I will trade .05 lots instead of.06. Or I may even trade .04 lots. This way if a 35 pip re-trace doesn't happen after 9 max positions (I may go 10), then it will leave more room for equity. We'll see, I'll 'play it ear.'
Regards.... Ryan
Nov 25, 2011 at 17:58
To follow up to my previous post, my thinking would be to allow up to 11 or 12 max buy/sell positions, and trade with less. As I mentioned before, instead of trading .04 lots on $20k, I will trade .03 or maybe even .02 lots. I can see that with 9 max positions, sometimes the G/U can move quite far without a decent re-trace.
I'm actually quite surprised how long your Alpari Demo has lasted without any big DD problems. One would think that since you started in May that there would have been a few times that G/U moved well beyond 9 max positions (buy or sell).
Ryan
I'm actually quite surprised how long your Alpari Demo has lasted without any big DD problems. One would think that since you started in May that there would have been a few times that G/U moved well beyond 9 max positions (buy or sell).
Ryan
