Forex Hacked-Alpari UK Обсуждение

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

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).

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

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

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

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

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

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

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

That worked.

Thank you, Rick! :-)

John

John,

You are very welcome.

Rick

Rick, strategy of 0.02 lots is high risk.

Forex Hacked period is high risk. I am using 0.01 lot per 5K. I started at 5K with 0.01 lot. At 10K, I moved to 0.02 lot.

Rick

in which timeframe do u use this robot?

Has anyone a significant BT where the bot doesn't blow the account? I've lost more money with marty than with anything else, next would ge grid systems.

   Hubertus88 posted:
   in which timeframe do u use this robot?

Forex Hacked runs on the H1 chart.

Rick

Looking good Rick, if only Alpari actually offers a live account like their demo specs we'd all be raking it heheheheh.

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

to Ryan aka. acsinc: Maybe you have overtraded your account. With 0.01 lot i barely can imagine that you have to reach MC with 9 trades when you got 3k on ur acc. anyway CashBackForex is available 2 Pepperstone too...