Discusión Forex Hacked-Alpari UK

i have a question. I guess that your Alpari demo account is micro, because it's the only Alpari acount type that you can trade with less than 0,1 lot as minimum trade size. But at the same time this type of account has maximum open position limit of 2 std lots, which you have overpassed many times lately without any restrictions. Why that happens? There aren't any limits for demo accounts?

Alpari has different guidelines for demo account than for real accounts. There is no such thing as a demo micro or limits on lots in play. Demo account can trade right down to 0.01 or up to 50.0 lots (I think 50 lots is the largest single trade allowed.

In short, no limits on Alpari demo accounts which makes it even harder to achieve the same results on a live account. In the case of Hacked, you pretty much need at least 50K (using the 5K per micro formula) for a 'classic' account (minimum one mini start size). A micro is not viable because of the restriction on the total lots in play.

Rick

Hi Rick,

Since this(https://www.myfxbook.com/members/rsmereka/forex-hackedc/218967) is the copied of this (https://www.myfxbook.com/members/rsmereka/forex-hacked-alpari-uk/107706), may i know what is the main reason that makes March and April profit return different?

Is your Alpari account still using the setting as posted in pipcop post #1?

Thanks,
SIM

Hi SIM,

When you use a trade copier, you never get the exact return on the slave that the master gets (especially when the two accounts are with different brokers). In addition, since there are two different brokers involved, I am copying trades 'at market' which means that the slave is not attempting to enter and exit at the same price as the master. All of this (and much more) is discussed in my Pipcop thread at https://www.pipcop.com/forums/current-live-robot-reviews/411-forex-hacked.html including the reasons I am using a copier and why I am copying 'at market'.

Rick

Hi Rick,

Thank you very much for your reply as well as giving me the url to your further explanation.

May i know whether Jan trading activities also copied from this account to the GOMarkets account?

Regards,
SIM

Hi SIM,

Yes, the January trades are using the copier. The only non-copier trades are any trades that are not GBPUSD (I found at least one non-GBPUSD trade when I scanned the history). I would never ride Hacked bare-back (without using a copier).

Keep in mind that when I started with Hacked on the GoMarkets live/real money account, I was way over-leveraged running a start lot of 0.01 (one micro) with just over 2K in equity. I really took a chance that the account would not blow up. It was Feb 9 when I made a large deposit that I was running a normal starting lot size (according to the formula of one micro per 5K).

Rick

Hi Rick,

did you ever think about running FH on AUDNZD? I made some 99% backtests with tickdata and the differences to cable in DD were huge. AUDNZD had a much less DD.

Regards
André

I run this live on a cent account with lite forex as can be seen here https://www.myfxbook.com/members/Jayman007/sig-cent-martin/195905

I pull the profits nearly daily so as to always keep a consistent balance.

Are you compounding the account and then increasing your starting lot size as your account grows?

Hi Andre,

AUDNZD would not be a good candidate for Forex Hacked. It's daily range is too low an it trends a lot.

Rick

Hi Jayman007,

I am pulling out 50% of the profits at the end of each month. I call it the 50/50 plan. I also increase the starting lot size according to the 5K per micro formula that I use.

Rick

Hi Rick,

is this only an assumption or based on tests?

Attached you find 2 images from 3-year-backtests, one with GU and one with AUDNZD. starting balance was 6k€, lotsize 0.02 through the whole test. Of course, AUDNZD has less profit, but you see the differences in dd?

An assumption after years working with Forex Hacked,

Prove me wrong. Not with worthless backtests but with live/real money trading.

Rick

i trade it live, but only since 2 weeks now. so its not a prove.

i did some backtests with your settings on cable for the same period, you are running your demo and had almost exactly the same results as you in your demo. this shows me, that the backtests cannot be so wrong...
these are 99%-backtests with tickdata, i forgot to say...

backtests do not account for any slippage, requotes, or order execution delays. That is why BT are only useful as a general guideline at best. A similar claim can be made about demo accounts.

Thanks for that Jayman007,

Another, very huge factor is the spread. AUDNZD is considered an 'exotic' pair and, as such, commands a very high spread. I know this from running Robominer for years. In addition, Forex Hacked trades a lot. Somewhere in the order of an average of 10 trades a day. Now, there will be less trades with AUDZND but the spread difference alone is substantial. I can get GBPUSD for about an average of 1.3 pip spread per trade. Guess what the average spread is with AUDNZD? Even with an Australian broker like GoMarkets, the spread is still many times higher than GBPUSD.

Rick

yes yes, ok. i just wanted to make a suggestion / ask a question. ;)

of course i know about all these things like slippage, requotes, spread, etc. and yes, i made the backtests with a fixed spread of 4 pips. my average spread in audnzd during european daytime is around 4 pips, too. and of course are backtests only useful as a general guideline. and exactly this is what i use them for: to find good settings, good pairs, etc.
and if i see in the backtest with cable a floating drawdown over 2-3 months (a period before yur demo started) with a peak of -40k € with only 0.02 lot startsize (!), then i'am scared. i look at the same backtest with audnzd and see only short-time floating dd's with a peak of -4.3k €, then this seems to be much more safe to me.

on my live account this setting made 200€ profit for me in almost 2 weeks with startsize of 0.02 lot and this seems to be ok for me so far. of course not so much as with cable. but max floating dd was about -200€. after running this for a while i can tell more.

   juanmi posted:
   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).

Hi Rsmereka,

I hope you don't mind me pestering you, but can you please advise if these are still the settings that you are using, or have you changed if you've updated to Forex Hacked version 2.4.
Your results are amazing!
Kind regards
Mike7P

You are not pestering me,

The short answer to your question is no. The long answer is...

This account is now the master of a couple of live/real money accounts using a trade copier so I have fixed the starting lot size at 0.10. This lot size will not change.

Also, I have not used maxbuys/maxsells 12 for some time. They are at 9 now.

My Forex home is Pipcop.com. If you are interested in knowing the details of my strategy, see the Forex Hacked thread and My Trading Jounal thread at Pipcop.com.

Rick

We have to say with a look on the backtest, that Forex Hacked is doomed to fail...

Maybe not today or tomorrow or in 1 -2 years, but it will definitley crash....