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Forex Hacked-Alpari UK (By Rick Smereka )

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Forex Hacked-Alpari UK Discussion

Ahmad Rafizi (rafizi)
Nov 18 2011 at 14:19
19 posts

   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.

acsinc
Nov 18 2011 at 17:12
20 posts
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

Rick Smereka (rsmereka)
Nov 19 2011 at 01:45
51 posts

   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

Hi Ryan

Good to hear that.

Rick

Rick Smereka (rsmereka)
Nov 19 2011 at 01:49
51 posts

   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

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.

Rick

deathlord
Nov 19 2011 at 02:02
25 posts

   rsmereka posted:
   

   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

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.

Rick

Gomarkets has a floating leverage too. (https://www.gomarketsaus.com/what-is-forex/leverage/)

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.

Rick Smereka (rsmereka)
Nov 19 2011 at 03:17
51 posts
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

deathlord
Nov 19 2011 at 08:40
25 posts
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.

acsinc
Nov 25 2011 at 17:25
20 posts
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

acsinc
Nov 25 2011 at 17:58
20 posts
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

Ahmad Rafizi (rafizi)
Nov 25 2011 at 18:49
19 posts
My opinion, split the 20k into 4 accounts, better still use 2-3 diff brokers.

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