Forex Hacked Review Live Results And User Discussion

15% Off Coupon Code Below!

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Forex HackedGBPUSD / USDJPY / EURUSD / EURCHFH1 / M30A mix of hedging, martingale and break-out.YesYes18-132Trailing take profit.Website

 

Results  ($1000 turned into $35,000+)

Custom Settings (Join the VIP section to gain access to them)

Notice: Unfortunately my broker has a 500 trade limit. What this means is that MT4Live loses track of all the older trading history making the statement incomplete resulting in messed up equity graphs which you will see. The balance you see in the image above is what the account is currently up to from it’s original $1000 starting point. So That’s $35,000.00+ gain off a $1000 account in just over a year. The power of this robot can not be argued.

 

New Live Account (FX Open Broker)

I’ve got more test accounts in the works with new settings, and new pairs so keep checking back.
License

Forex Hacked Pro Official Real Money Account

Broker: FX Open

Account: $2000 Micro ECN/STP account running at 1:500 leverage

 

These tests are what you should aim for in terms of safe long term profits. Settings for each account are available once becoming a Forex Hacked member.

 

 

99% Quality Backtests

One of the very few systems of this nature that can shows profitable 5+ years backtests at 99% modelling quality across all major pairs.

Conclusion

This is a beast of an EA that while may be fun to use, should be used with caution. While I will have no problem running this on a live account, I will be doing so at low risk and withdrawing my profits every month or so. I recommend everyone doing the same if you’re trading this live. Let the fun begin!

Remember here at ForexFBI we encourage our users to comment freely about their experiences with this product including results, strategies, concerns and more. Please don’t hesitate to leave a comment or ask a question.

Visit Forex Hacked Website

15% Off Coupon (Ends In 48 Hours)

858B2D3A

Forex Hacked is a membership based platform. Therefore you must create an account on their amember back-end, then once the account is created it will direct you to their regnow.com order form. Once payment is complete, it will take anywhere from 10 minutes up to 3 hours for your account to be activated. At which point you will be able to download any version of the EA, and add your forex broker account number to your profile as the EA will be tied together with your membership for authentication purposes.

Strategy
Forex Hacked uses a form of doule-sided martingale as its core strategy, while using hedging and break-out trading as a form of protection from large draw downs. So no matter what you do, when you attach it to a chart it will make money, its just a matter of controlling the draw down. Feel free to read some of the hundreds of comments about using Forex Hacked, settings, and strategies.

I highly recommend running this robot on a forex vps for the best results as it trades very often. You can see our full forex vps comparison review here.

Recommended Brokers
Forex Hacked will not function properly on NFA regulated brokers, but will work on anything else whether it’s 4 or 5 digits and ECN or not.
FX Open is a great broker for running this sort of EA, I highly recommend it for micro accounts.

Conclusion
Forex Hacked is a very powerful EA but can also be very dangerous if you get too greedy. It can double your account size in less than a week, but it has the chance of getting a margin call if the markets go very bad and you are running high risk settings. There are many users that run moderately high-risk settings and double their equity within a 1-2 weeks, and then close all open trades when the open P/L is respectable, and withdraw their earnings and start over. A great strategy to use with this very powerful EA.

Safe To Buy?
YES!
Forex Hacked has been approved for you to purchase based on its overall profit potential and guaranteed gains as long as risk is kept under control.

Forex Hacked Rating

  • Dean guile Reply
    Jun 12, 2010 @ 9:38 am

    I meant 0.02 lot and my floating pl is -24000 were am I going wrong

  • Dean guile Reply
    Jun 12, 2010 @ 8:47 am

    0.2 lot and I’m -24000 in my micro account were am I going wrong

  • JayJay Reply
    Jun 12, 2010 @ 6:58 am

    FXOpen & Alpari are both fine to use.

    FXOpen has the smallest lotsize of 0.1, but if you run a microaccount with FXOpen, then you are trading CENT.
    0.1 Lot Microaccount = 0.001 Lot Standardaccount

    I have live accounts with both brokers, and both are doing fine.
    My Alpari acct is very small, so I set the max trades to 4.
    This way I managed a 100$ MicroAcct to grow to 268$ past week.

    I can only suggest to do demotrading to find your optimal settings, but threat your Demo like your baby, like it is a real acct.
    Psychology says: “it is just a demo, no worry if it crashes.”
    Maybe you have a great week in Demo where the GbpUsd and the EurJpy plays in a 100 Pip range sideways.
    Psychology says:”wow, I’ll take these settings to my live acct”
    But the next week you have a strong Trend and FH keeps adding trades against you and at some time your acct doesn’t have the available margin to open another trade. At this point you can only hope that the pair is pulling back a 50-70 pip to close those trades.
    Psychology says: “what the heck… this EA doesn’t work an my Acct”
    Thats why I suggest to threat a Demo like your a LiveAcct. I’ve done Demo allmost a month before I went live. Even now I am still Demo-ing

  • Chad Reply
    Jun 12, 2010 @ 5:11 am

    @roger, as long as u keep the lot size low, u are safe. And beaware, if u exceed 3k usd balance, your leverage will drop to 100:1,

    • Roger Reply
      Sep 27, 2010 @ 5:53 am

      i will keep a eye watch on that. thanks chad.

  • Roger Reply
    Jun 11, 2010 @ 20:55 pm

    @ Admin,
    is AUDUSD, USDCHF the VIP Settings for fxopen?
    also which broker is good to use that use 0.01 lots?

  • Roger Reply
    Jun 11, 2010 @ 19:41 pm

    it seems fxopen is not good for FH.
    which brokers is best then fxopen??
    please reply back. ASAP.
    since FH wont trade on lots that is 0.01 on fxopen somehow.

  • chad Reply
    Jun 11, 2010 @ 17:41 pm

    i have live account with fxopen, currently floating at -70% hope it will make it through the weekend.. i have checked with the results of fbi’s demo, it has 1 position open for gbpusd, for my live account, i have 9 positions open for gbpusd. i think fxopen is not compatible..

  • marty Reply
    Jun 11, 2010 @ 13:22 pm

    Ahhh thanks a bunch JayJay! I noticed after I posted that the different in lot sizes for micro and standard at Alpari.

    Thanks for clearing it all up!

    I started 3 demos yesterday on fxopen with $150 in each on FXOpen. I tweaked the settings, turned on hedging on one of them and they were all up to $185 last night. I plan on letting them run all day today and see what happens on Monday. They’re all trading USD/JPY. If all goes well, I think I’ll go live either tuesday or wednesday.

    From everyone’s opinion, is FxOpen the better broker to go with, or is Alpari-UK?
    Thanks and have a great weekend!

  • Steve Marshall Reply
    Jun 11, 2010 @ 12:25 pm

    Thanks, Pascal. I’ve been running this demo with this website’s preferred settings since Monday and I’m up over $1700. This EA looks great so far. Blows everything else that I have ever used away. I will probably run this for a while until I see how it handles serious drawdowns. It took care of yesterday’s losing trades in the GBP beautifully and also added to the bottom line at the same time. The hedging function seems to work well. If we get the most optimum settings, this should trade profitably. Looking forward to trading this real. I think this may truly be the first no BS EA I’ve ever had. I just got a refund on Forex Maximizer and will be getting one on FX Caliber Pro. After seeing FH trade, it’s easy to see how bad these other robots really are.

  • Dean Guile Reply
    Jun 11, 2010 @ 12:14 pm

    another question, its friday and market closes, but my trades go on for hours, and as u know spend 90% of thier time in negative, so how can i get around this market closing situation, what do you lot do?

  • Dean guile Reply
    Jun 11, 2010 @ 10:09 am

    At pascal, yes I have now reduced lots to 0.02 bu only running gbpusd wat is the other pair u are running ?

  • Lysander Reply
    Jun 11, 2010 @ 9:33 am

    Admin, is your VIP section down right now? For some reason I can’t access it, and I’m pretty sure I registered as a VIP.

  • Lysander Reply
    Jun 11, 2010 @ 9:31 am

    Sweet! Thank you, Admin.

  • Pascal Reply
    Jun 11, 2010 @ 5:16 am

    @steve which start lot size you have on FXCM ? I’m not sure, but the problem can be, that you not can make lots with 2 digits after the point. Example, you start with 0.1 lot, then FH will make the next trade with 0.17, but it can be, that FXCM not allow lot with 0.17 (only 0.2) so FH can not open a new trade ! Look at the Expert or Journal in your MT4 ! I’m sure, the problem will be written there in the LOG file. Just an idea, because I had the same problem on 4XP first! Then I wrote an email to the support, now I can trade two digits lot size like 0.03 🙂

  • Pascal Reply
    Jun 11, 2010 @ 5:12 am

    @Dean Guile, If FH is blowing you account, then you have to big lot size! Try a low risk, it’s better for big movements in pairs! You can set the lot higher, if you have made some money! For example, I have a live account with 2600$ ! I trade only two pairs with lot size 0.02 ! I have testet several demo accounts, all startet with 2600$, but two of them are crashed, one with lot size 0.05 and the other with lot size 0.1! That shows me, that the risk was too much! FH works only good, when you take a low risk lot size! start with small lots to build up you account, then you can go with higher lot size!

  • Lysander Reply
    Jun 11, 2010 @ 9:09 am

    Admin, how do you use the double take out method? Could this be something automatic or just just something I have to do as soon as I see my balance double? Thanks.

    • admin Reply
      Jun 11, 2010 @ 9:16 am

      @Lysander
      Something manual you do when you want to secure some profits 🙂 It doesn’t have to be doubled, you can do it at the end of every week if you really want.

  • Dean Guile Reply
    Jun 11, 2010 @ 8:21 am

    omg!!! remembe ri said it was draining my account , i went to work came back for a break and it closed with a profit!!! dont know how or why but i no longer have over -10,000 in floating trades i shall learn now and reduce my lot size

  • Stev-o Reply
    Jun 11, 2010 @ 7:58 am

    Hey guys:

    Are any of you that are running live with this EA letting this run into the weekend with open positions? I was wondering if this was really a problem since the markets like to gap much of the time when everything opens when the next week begins. Right now I’n running a demo with IAMFX with no new trades being added after Thursday.

  • Steve Reply
    Jun 11, 2010 @ 5:57 am

    Thanks Pascal, that was indeed the problem

  • Roger Reply
    Jun 11, 2010 @ 5:30 am

    can those VIP settings work on fxopen micro?

  • Steve Reply
    Jun 11, 2010 @ 3:48 am

    I’ve had FH running for a day and half now. I’m running it on a $1000 demo account on FXCM. Settings: TP:35, Booster:1.7, PipStarter:21, Max buy and sell orders:8. It’s placing trades fine, pipstarter is placing a new order when it should, but the order size remains fixed, Booster isn’t multiplying it on each consecutive trade. I’ve been through all the settings and I don’t see anything wrong. Does anyone have any idea what my issue might be?

  • Roger Reply
    Jun 11, 2010 @ 0:02 am

    Admin,
    is the vip page working? i tried to login. there is only a blank page.
    i really wan the vip settings for forexhacked for my fxopen micro account of a leverage of 1:500.

    • admin Reply
      Jun 11, 2010 @ 1:03 am

      @Roger
      Yes you are right it is bringing up a blank page. I had some technical difficulties with the blog yesterday and still haven’t got all the kinks worked out. I should have it fixed by tomorrow.

  • Dean Guile Reply
    Jun 10, 2010 @ 21:00 pm

    as we speak FH is currently slowly wiping my live account 🙁 because of a big rise in the GBP in such a small time, my account is nearly drained and i have all the perfect settings 🙁

    • admin Reply
      Jun 11, 2010 @ 1:04 am

      @Dean Guile
      If this upward trend on GBPUSD is putting that much hurt on your account, then you are running way too much risk.

  • JayJay Reply
    Jun 10, 2010 @ 20:21 pm

    @ Marty
    Alpari Classic Account has a minimum Lotsize of 0.1

    Alpari Micro Account has a minimum Lot size of 0.01 but with the restriction that you can trade a maximum of 2 Standard lots (not 2 trades)
    so if you go with the smallest lot with FH at the Micro acct, then you can let the FH make trades
    0.01 + 0.02 + 0.03 + 0.05 + 0.08 + 0.14 + 0.27 + 0.46 = 8 Trades with a total of 1.06 Standard Lots.
    Using the Standard acct at Alpari with Lot Size 0.1 will crash your acct in 1 – 2 days.
    Believe me, I know what I’m talking about, since I had a standard acct, but I realized too late the LotSize and my 1K acct crashed the very first day. I could pull the trigger and save 150$. I opened a new Micro acct, transferred the money to the Micro act and FH ist doing great on that one.
    Hope this helpes in your desicion

  • FKH Reply
    Jun 10, 2010 @ 19:57 pm

    hey~pascal..
    nope..i never manual trade using this account..
    better you look on 26/5 above…before my account always hit margin call due to low deposit…using FH better use with more large margin ,prepare for big price movement..

  • marty Reply
    Jun 10, 2010 @ 17:46 pm

    Hey all, just wondering if anyone else has any info’s about Forex Over Drive. The admin seems to be having great success with it, and it has a 98% winning percentage…

    I’m about ready to go live with FH, but I still have a few questions.

    What’s the main difference between a micro and a standard account?
    Alpari-UK offers both options with a 1:500 leverage and 0.01 lot min.
    Micro minimum balance of $250 and only allows 2 trades
    Standard minimum balance $500 and allows unlimited trades.

    From above, a 0.01 lot from a micro is the same as a 0.01 lot from a standard, or is that an incorrect statement?

  • Dean Guile Reply
    Jun 10, 2010 @ 16:01 pm

    mt4stats was useless but mt4live is working perfect! anyway i deposited $100 and it was going so well i topped it up a bit too $500. i have a micro account so $10000=$100 heres my live stats http://deankenny.mt4live.com/

  • linconel Reply
    Jun 10, 2010 @ 3:51 am

    hello admin i signed up for the vip list but never got my password and anytime i try to apply again it says am already on the list pls help me i want to join.

  • FKH Reply
    Jun 10, 2010 @ 1:33 am

    Hello~
    Why you guy don try mt4live.com.. before i had use mt4stats .. but cannot publisher too.. after that i use mt4live.. run smoothly without any problem..
    So i share my real statement here and anyone give some opinion..on statement may plus other EA trade..FH trade on AU and USDCAD pair…
    http://fkh84.mt4live.com/

    Regards
    FKH~

  • FKH Reply
    Jun 10, 2010 @ 1:25 am

    why you guy don try mt4live.com ?? before i try publish on mt4stats,but cannot too..mt4liafter that i found ve…run smoothly without problem..
    guy can try on mt4live..so i share my real statement to all and give some opinion,but on stats may plus some other EA trade..i use FH trade AU and USDCAD pair..
    http://fkh84.mt4live.com/

    Regards
    FKH~

  • Dean Guile Reply
    Jun 9, 2010 @ 23:58 pm

    btw the site added the http at the start of that ftp address so ignore the http

  • Dean Guile Reply
    Jun 9, 2010 @ 23:57 pm

    @miguel i got everything dead on right, checked it 100 times over. error connecting to http://ftp.mt4stats.com:2354 etcetc

  • marty Reply
    Jun 9, 2010 @ 23:53 pm

    @ Dean
    Please share your current settings. I plan on firing up a live account soon and can only afford $100-200. Also, which currency pairs are you running?
    Feel free to email me @ ronnoc@live.ca

    Thanks!

  • Miguel Reply
    Jun 9, 2010 @ 20:19 pm

    @Roger can u download teamviewer and install? this way i can setup ur account in minutes. I will contact by MSN mesenger. Drop me a email buddy no problem. I will online tonight from 9:00 to 10:00 central time.

    @Dean guile, if ur mt4 cannot publish ur settings are bad, check again: server ftp,user ftp, account, password. Using the publisher is easy. check for blank spaces!!

    • Roger Reply
      Sep 27, 2010 @ 5:59 am

      ok great.

  • Dean guile Reply
    Jun 9, 2010 @ 9:30 am

    A little risky wat do u mean I’m trading equivalent to 0.02 lots on my account, I have got a mt4 stats but it says can’t connect in the journal I got all the right settings in

  • Roger Reply
    Jun 9, 2010 @ 9:28 am

    @ hatchsead or anyone,
    my hotmail is rogeliovela_1985@hotmail.com
    your welcome to help me out. i can provide info about my problem or pictures.

  • hatchsead Reply
    Jun 9, 2010 @ 7:10 am

    @Roger, send me your email and contact address and i will sort you out so that you can get up and running ASAP!

  • Roger Reply
    Jun 9, 2010 @ 5:37 am

    @Pascal,
    yes i did.
    i also use the coded ea file that forexhacked provide for live account errors but still not working.
    i tried to email forexhacked support. i dont know if they reply.
    i could do is get a refund from the vendor company then repurchase the membership. it was working only on demo accounts but not on live accounts like fxopen.
    i follow the steps correctly. i use the settings. i also put my membership id and my account number on my membership.
    i tried to reinstall the meta4trader program, but doesnt work.
    im still confused why it doesnt work for me.
    what is your email, Pascal ? for instant chat.

  • Roger Reply
    Jun 9, 2010 @ 5:32 am

    Miguel,
    what is your email or instant chat? so i can talk to u and help me setup my problem with fxopen account.
    i dont know if iti a problem or a bug. i might close down my membership and repurchase it.

  • garrett262 Reply
    Jun 9, 2010 @ 3:27 am

    Thanks everyone to your response to my question on June7, I really appreciate all the comments and will try to implement some of the suggestions. I’ll let you know what comes of it.

  • Roger Reply
    Jun 9, 2010 @ 0:22 am

    @Miguel,
    i follow the steps that forexhacked provide correctly and put my forexhacked username but it is not working.
    my membership works.

  • Roger Reply
    Jun 9, 2010 @ 0:18 am

    my MT4live account on fxopen demo account with a leverage of 1:100 i think.
    http://rogelio11.mt4live.com/

  • Roger Reply
    Jun 9, 2010 @ 0:13 am

    @ Miguel,
    which leverage is the best to use? 1:100?
    so i wont have my fxopen to crash.

  • Miguel Reply
    Jun 9, 2010 @ 0:05 am

    @Dean Guile, Nice are u using mtstas o myfxbook to track the performance, if u do please share.

    Are u using .2 lots? How many pairs? Just watch the equitity to be safe. 4% daily, mmmm.. i think urs settings are a little risky. You re right in not risk more.

  • Dean Guile Reply
    Jun 8, 2010 @ 22:53 pm

    at Miguel, im running live on a FXopen micro account i deposited $100 into it, and on 2 days of running FH im now sat on $108.49, very small profit, but with such a small deposit i cant risk much so am happy at the moment.

  • Miguel Reply
    Jun 8, 2010 @ 21:31 pm

    I forgot this is my new email for feedback about this topic, forex@live.com.mx

  • Miguel Reply
    Jun 8, 2010 @ 21:07 pm

    Nice day, today for forexhacked, all the FL are gone in my account, my equity return from 93%(lowest level today) to 99.27% and another 3% up for a total of 16.58% ($162 profit).

    Whoelse is running FH in live?
    It will be nice to concetrate the stats from the members of this website just like ADMIN does in the top. Using mt4stats o fxmybook. Who joins this idea?.
    o maybe ADMIN can open a space below his stats for some of us.

  • Miguel Reply
    Jun 8, 2010 @ 16:26 pm

    @Roger are u kidding, $776 in standard account with leverage 1:60. Your account will crash in minutes. FXOpen cannot disable ur ea, the problem is with ur settup or with ur license of forex hacked. I think you’ve been lucky that FH isnt running in ur account.

    The most comment ea in this site is attracting a lot of people that not even read all the topic, they just want to run the magical ea and double their money in a few days. jajaja. Many brokers will be happy with their money 🙂

    ADMIN is this the most comment topic all times?

    • Roger Reply
      Sep 27, 2010 @ 6:00 am

      i will void using 1:60
      thanks miguel for the help 😀

  • Miguel Reply
    Jun 8, 2010 @ 16:09 pm

    @Pascal I resized the lot in GBPUSD from 1 Lot to 0.3, USCHF & AUDUSD is running very well lately i keep this in 1 lot. Im triying to mantain my equity above 95%. 5 Days running 13%, $128 proft. Until now as planned, We’ll see on Friday, I hope to close all operations in positive before weekend.

  • Mia19 Reply
    Jun 8, 2010 @ 14:53 pm

    Hi, I purchased the EA but after tying it is not really working for me and I never hear any feedback from FH. It is not through clickbank…..So, could anyone share with me how I get it refund? Thanks in advance!

  • Roger Reply
    Jun 8, 2010 @ 9:00 am

    anyone made any problems with fxopen?
    which other brokers is best to use? other then fxopen.

  • Roger Reply
    Jun 8, 2010 @ 6:06 am

    hi, im having trouble getting forex hacked working. i got a fxopen standard account with a cash amount of $774. with leverage of 1:60
    i got my account number on my forexhacked membership set. i follow the steps on the installation how to set the EA on my meta4trader account. i place my username id on the EA like i got on my membership. i place the standard settings correctly they provide.
    but after i did that. it saids access denied, username incorrect and saids i need to add my forex account number which i did that before.
    before, it used to work but now it is not working.
    did fxopen disable the EA??

  • Bizz Reply
    Jun 7, 2010 @ 21:31 pm

    @ Garrett262 Try changing Pausing New Trades to True and StoppedoutPause to 500 It works for me….my understanding is that it makes FH pause 500 seconds before placing a new trade. Hopefully getting on the right trend. 500 seconds is 8.33 minutes, so you might want to reduce Stoppedout Pause to 300 if you need faster trades, but you risk it getting the wrong trend direction. Try it…ok?

  • Andre7 Reply
    Jun 7, 2010 @ 20:42 pm

    @ Steve, yes i replied to both your emails , one Sat ,one Sun, I will send you one right now,
    I will try from my hotmail account as well

  • mezy Reply
    Jun 7, 2010 @ 20:12 pm

    good morning
    it can make transactions on the gold
    what would be the parameter?
    thank you

  • JayJay Reply
    Jun 7, 2010 @ 19:43 pm

    Gruezi Pascal,
    I would suggest FXOpen or Alpari

  • Steve Reply
    Jun 7, 2010 @ 17:07 pm

    Andre7:
    Please try sending me another e-mail. Thanks!
    Steve

  • Steve Reply
    Jun 7, 2010 @ 17:05 pm

    Andre7:
    Did you get my e-mails? I have not heard back from you. I guess your life must be busy. I hope to hear from you soon. I sent you e-mails from my hotmail account. Waiting to hear back from you. Thanks!
    Steve

  • Pascal Reply
    Jun 7, 2010 @ 16:17 pm

    Hello, I will stop all my tests on 4XP, because, today I would start with the real account, then I startet the EA and what happen? 4XP don’t allow EA’s 🙁 I will refund my money and looking for another broker. Which broker do you use? FxOpen? IamFX? Other Ideas? Thanks pascal

  • Miguel Reply
    Jun 7, 2010 @ 16:09 pm

    @garrett262 Since a few days trading GBPUSD with FH is very risky, because high levels of volatility. Las week AUDUSD performance a lot better. I closed all my open orders in profit last friday, and started again today but cut the lot size half.
    My equitity now is 97.29%, most of the loosing trades are from GBPUSD.
    if the levels of volatitly gone out control i will close my trades and wait.
    Maybe u want to take a look http://www.myfxbook.com/members/tapachula

  • hatchsead Reply
    Jun 7, 2010 @ 13:33 pm

    @garrett262, try the settings below for a 1k account trading at 0.01 on GBPUSD & USDCHF

    PipStarter = 21
    TakeProfit = 35
    Booster = 1.7
    MaxTradersPerChart = 8
    Rest are default

    All the best!

  • marty Reply
    Jun 7, 2010 @ 13:15 pm

    @Garrett I’m having the same issue…I don’t know why it keeps buying in the same direction when the negatives just keep piling up…anyone have any hints?

    @ Andre thanks for your contact info, I sent you a message today. Thanks everyone for the help as well, long live ForexFBI!!

  • Andre7 Reply
    Jun 7, 2010 @ 13:13 pm

    @ Garrett262 , your EA is working properly as you described it. This is a martingale strategy. To close the trades manually because of emotoin will cause more losses then letting it ride, I will say that in confidence. The markets are very volitile in the past 6 weeks and yes if your settings are too aggressive you can blow up your account. There is settings you can adjust to protect a portion of your account, but with that comes the fact you are also restricitng he EA’s ability to recover those losses and make you money. Oh decisions, decisions… comes down to your Risk tolerance, If you go back through the older posts, you will get a better understanding. :>)

  • Dean Guile Reply
    Jun 7, 2010 @ 9:51 am

    Hi ppls, i got a micro account on FXopen deposit of $100. start small then grow i say. anyways im usind the default ForexHacked settings, do you advise me to use the live setting from the VIP section or keep default?

  • Chad Reply
    Jun 7, 2010 @ 9:01 am

    oh dear garret262, it’s a long story. I personally gone through a lot of trading strategy that claimed to be ‘working’, and each strategy believe in something about the market. This FH believed in .. trading ‘against’ the trend, so if u choose to ‘trade with the trend’, then u are against the EA.

  • garrett262 Reply
    Jun 7, 2010 @ 3:33 am

    can anyone tell me what I’m doing wrong? I’m running Hacked on the GBPUSD chart using 0.01 lot sizes and trading goes well for about a week with reasonable profits, but then the open trades go more and more into negative territory until they reach about 10% of the balance at which I’m closing everything down, because I’m concerned it would just keep going down. This has happened two times now and I don’t know if it has to do with the way the market goes or if there is something wrong with my setup or even the EA. Why would it keep adding trades the wrong way? Say,
    the price is going down and the EA will just add lareger and lareger ‘buy’ positions.

  • Andre7 Reply
    Jun 7, 2010 @ 0:23 am

    @Steve, check your email, I replied sat & sunday, maybe in your junk folder ?

  • timejumper2020 Reply
    Jun 6, 2010 @ 22:34 pm

    Hi Jacobsl. Thanks for your reply. Yeah on 6/02 I still made some profit. Not sure how much but I had more positive then negative trades. Umm…don’t know if I’m making 20% every week, more like 37% on one DEMO from May 14th til today, so almost a month. Hey let me know in a week or so if your accounts are growing steady like mine. Ok Seeya later & Goodluck. 🙂 -timejumper2020

  • asiCs Reply
    Jun 6, 2010 @ 8:11 am

    hi admin,

    did u ever turn off the EA on weekend?

  • Jacobsl Reply
    Jun 6, 2010 @ 3:29 am

    Andre7:

    Thank you for leaving your contact email address. I will send you my question regarding Hedging.

    Jacobsl

  • Jacobsl Reply
    Jun 6, 2010 @ 3:26 am

    timejumper2020:

    Welcome back. It appears your demos survived the crash of 6/02. My problem was running the demo on a 1K mini account, resulting in heavy losses that day. I will open a micro account instead. Someone suggested that a 20% return per week is quite good. Yours is apparently higher, good for you!

    Jacobsl

  • Joe Reply
    Jun 6, 2010 @ 0:28 am

    whoops I meant NFA regulated on my recent post. Sorry!

  • Joe Reply
    Jun 6, 2010 @ 0:22 am

    I was thinking of opening a live micro account with Alpari UK. The problem is that I live in the US and I read somewhere that I can’t do that. I know Alpari has the US version of it but is it still okay to use Forex Hacked in Alpari US? If so, is it still considered non NFC. What do you all suggest? I’m thinking of starting with about $500 on a live account and I need advise on which would be the most suitable broker for me. I’m currently running a demo acct. with Alpari UK accompanied with my Forex Hacked bot and is doing well so far. Any thoughts or ideas on which broker for me and a recommended leverage size for $500?

  • marty Reply
    Jun 5, 2010 @ 11:30 am

    Thanks a bunch Andre, I’ll send ya an email later today. Emails will be much quicker hopefully.

  • timejumper2020 Reply
    Jun 5, 2010 @ 4:59 am

    HI Jacob and all. I was on a mini vacation visiting relatives in Tampa, FL so I didn’t have time to check these posts. Wow, seems like everyone’s been busy trying to get their EA strategies just right. hehe Well for those gaining profits way to fast on FXOpen I recommend what the admin had said to me a while back. To have the right lot size of 0.1 and not wipe out your DEMO increase it to $100,000 which is the equivalent of a $1000 mini account at 0.01 I have 3 DEMO’s I’ve been running since may 14th on a VPS and have gained from one 37% or $37,000 the other two are about 22% and 18% I don’t know if these figures are too low but they are gaining about 1-2.5% everyday or $1000-$2500. Anyone think these gains are too low? I’m kinda happy though that they’re not going in reverse of my daily profits. Anyone that wants to look at my stats page, here they are:
    http://timejumper2020.mt4stats.com/ (profit 22% – FH standard settings)
    http://timejumper20202.mt4stats.com/ (profit 37%- Admin’s VIP settings)
    http://timejumper20203.mt4stats.com/ (profit 18% – Admin’s VIP settings)
    let me know if any of you have any suggestions on improving the profits or if it’s fine like this…I’m pretty content though to know that the profits keep going up by 1-2% daily. I plan to open a $500 Real account during the first week of August til them I’ll keep testing and watching these DEMO’s grow. Hopefully I’ll learn to see the patterns when the market is good and bad. Cheers all! -timejumper2020

  • marty Reply
    Jun 4, 2010 @ 19:46 pm

    My bad, after further investigation, Alpari does have a 1:500 leverage for micro accts…the only problem is, they limit open trades to only 2 for micros…any thoughts?

  • Steve Reply
    Jun 4, 2010 @ 18:46 pm

    Andre7:
    Thanks so much for your post! I have bought several EAs in the past and I can’t believe how poor or nonexistent the support is. I’m not asking much, I just want to get up and running with a good EA that really makes money. Problem is I’m a newbie, and there is no one who is willing to help me. I wonder if I posted a temporary e-mail address here if anyone (in the U.S.) would be willing to mentor me for a while until I’m up and running with a good EA. Any takers?

  • marty Reply
    Jun 4, 2010 @ 14:18 pm

    Should I be thinking of starting with a higher winning % EA such as Fap Turbo or Forex Nightfox until i can build up my balance? Smaller gains, but higher % chance of a winning trade. Any suggestions would be appreciated, thanks!

  • marty Reply
    Jun 4, 2010 @ 14:10 pm

    Ok, after a week of testing FH I’m sort of in a conundrum.
    After the huge crash on the 2nd, I restarted all my demo accounts, with pretty poor results.
    Tuesday at 8:30pm EST I started a $250 account on Alpiri with 0.01 Lot size, Wednesday morning it rose to $350, Thursday morning it rose again to $460, then Thursday night I checked it again and it was down to $2.00 left in the account.

    My 1k demo I was testing was OK through it all, and still at $1160 as of this morning. Unfortunately I can’t start a 1k account, much easier to convince my wife to let me throw in $250 into an account as opposed to $1000, esp since I’m laid off.

    Last night I restarted the tests, 2 demo accounts, starting with both $250. For the first acct, I used the Demo settings in the VIP section. For the 2nd acct, I used the Live settings in the VIP section.

    Would anyone have any comments/settings they’d suggest for a $250 Live account on Alpari or FXOpen, using the smallest lot sizes. (FXOpen = 0.1 with 1:500 leverage, Alapari = 0.01 with 1:100 leverage)

    Or is there a strategy I should think about. Such as, closing all my trades in the morning, and stop my EA until 8:00pmish EST?

  • Jacobsl Reply
    Jun 4, 2010 @ 3:38 am

    Miguel:

    Thanks for sharing your manual trading strategy. May be I will try that down the road but for now I want to get the settings right for Forex Hacked. Yes, 0.1 lot is too high for a 1K mini account, I will see if I can change it to 0.01. Are you using default settings with TakeProfit=132, PipStarter=170, Booster=2.3, etc? Also, I want to add MaxHedging parameters to minimize losses during big movements against trend, do you know what settings are working well for MaxHedging?

    Jacobs

  • Jacobsl Reply
    Jun 4, 2010 @ 3:27 am

    Pascal:

    Sorry I don’t know the answer to your question of rounding up or down. I think you can do a Live Chat on the MT4 that you are using, it works really well.

    Jacobs

  • Reny4jah Reply
    Jun 3, 2010 @ 20:40 pm

    @Wind:

    It is possible that the maximum # of people required for the coupon to work has been exceeded. That might be the reason the coupon slot was taken off the site. Understood?

  • Steve Reply
    Jun 3, 2010 @ 18:43 pm

    Can anyone tell me from experience how good, or bad the support is for Forex Hacked?

  • Dean Guile Reply
    Jun 3, 2010 @ 18:12 pm

    interesting and excellent review. I need some help, im only a small time trader for now anyway. my deposit is $100. would the default setting on FH be fine or do i need to change setting, any help much appreciated.

  • Pascal Reply
    Jun 3, 2010 @ 16:30 pm

    Question, do the MT4 Platform round up or down the lot size? Because, in the Demo on 4XP I can open lots like 0.38 or 0.16 ! But in the live account, I can only open 0.1, 0.2, .0.3…… only one digit behind the point! My question now, when I have Booster of 1.8, and I start with 0.1, the next lot will be 0,18 ? Do MT4 round it to 0.2 ? Then next lot 0.2 * 1.8 = 0.36? What will happen in my account? Is there anybody who knows that??? If there is now 0.4 roundet and it opens next lot 0.4 *1.86 = 0.744, what will happen? Do it open 0.8 or 0.7 lot ??

  • marty Reply
    Jun 3, 2010 @ 10:57 am

    One more quick question before I go live with this EA.
    Is it better to start on Alpari-UK with 0.01 lot minimum or FXOpen with 0.1 lot minimum with a starting balance of $100-$200 USD?

  • latintrader Reply
    Jun 3, 2010 @ 7:41 am

    salut proyer de loi,
    I have a micro account live with FXOpen, I have 2 week and 20% of profit, 1000$, 0.30 micro lot, no stres and the days of a lot of volatility I have had much room, audusd, usdchf, this week I’m at 11%

  • Jacobsl Reply
    Jun 3, 2010 @ 1:59 am

    Miguel:

    I forgot to ask; what do you use for manual trading? The results you are getting are just phenomenal. Also, please take a look at the settings that I posted earlier. I need your input. Has anyone used MaxHedging setting successfully?

    Jacobs

  • wind Reply
    Jun 3, 2010 @ 0:56 am

    Did anyone able to use that coupon voucher? I din see any slot for me to put in. Thanks

  • Bill Reply
    Jun 3, 2010 @ 0:44 am

    Admin..
    I plan on going live with Hacked. I was going to go with the ECN account at FxOpen for $5000 trading 5 currencies. Do you think that is wise or should I start with one currency at a time or even just do a micro account for $1000? Suggestions?
    Thanks –

  • Steve Reply
    Jun 2, 2010 @ 21:45 pm

    NickS:
    How is it going with Forex Hacked with your Go Markets account? By the way, how is the Forex Hacked support?
    Thanks!

  • Jacobsl Reply
    Jun 2, 2010 @ 21:21 pm

    Pascal and Miguel:

    The EA survived yesterday crash and is now at 24.5%. The demo account is $1000 running on EURUSD and FXCM by BT platform. Here are the settings so you guys can input your advice:
    Lot: 0.1
    Take Profit: 45
    Booster: 1.7
    Pip Starter: 31
    Max Buy/Sell: 10
    AllowiStopLoss: false
    iStopLoss: 300
    Slippage: 3
    StopLossPCT: 100
    TakeProfitPCT: 100
    PauseNewTrades: false
    StoppedOutPause: 600
    MassHedge: false
    MassHedgeBooster: 1.01
    TradesDeep: 5

    These settings are for a lot size of 0.01 but I had to change it to 0.1 before the EA started to trade. I would like to set MassHedge to true as a safeguard to heavy losses. If one could tweak the settings properly this EA will do very well.

    Jacobs

  • Rayman62 Reply
    Jun 2, 2010 @ 19:18 pm

    Hello Ari, FH runs very well on IBFX, only bad thing that they dont allow hedge trades.

  • Miguel Reply
    Jun 2, 2010 @ 19:16 pm

    @hatchsead
    USD/MXN is mexican peso, Im from mexico. This pairs is very volatity lately, and very predictable too. The economy in mexico is fine until now, and is affected temporaly by the global economy, soo its has been swing up and down. But in long term will be down, supposed. My final goal is open a large position in the top to get a good swap rate. (14 USD by 1 Lot ) I will trying to locate a 5 – 10 lot order before this crisis end.

  • Jorge Luiz Reply
    Jun 2, 2010 @ 15:14 pm

    Hello to ALL!

    I wish somebody would ajudaçe me to understand why the FH-DEMO VIP configured in my account 4XP not have the same result as the account of the FBI.

    Graciously

    Jorge Luiz
    BRasil

  • Rayman62 Reply
    Jun 2, 2010 @ 13:10 pm

    Hi, can anyone tell whats the difference between 1:200 and 1:500 leverage, what 45 pips profit, 0.01 micro lots, will be in dollars?

  • marty Reply
    Jun 2, 2010 @ 13:10 pm

    Thanks a bunch Pascal and Andre7, i’ll try that trick later on this afternoon. Thanks for the brokers as well Andre7, I’ll take a look at them asap!

    Did anyone survive yesterday’s massacre? My 1k demo account that was up 17.7% dropped to $200 in like an hour lol!

  • Ari Reply
    Jun 2, 2010 @ 12:57 pm

    Hi all,
    I just opened live account in Interbankfx, can forexhacked run on Interbankfx?

    Thanks

  • hatchsead Reply
    Jun 2, 2010 @ 7:46 am

    This a test run with Gomarkets forex broker on a $10k using the demo settings in VIP section on a .10 lots. The trade started on the 31st of May with 2 currency pairs. Lets see how it goes.
    http://fotiongom.mt4live.com/

    Below is using the live settings on a 50k supposed micro lots at FXOpen using only one currency pair.
    http://fotionxp.mt4live.com/

  • hatchsead Reply
    Jun 2, 2010 @ 6:45 am

    @Andre7, what is the full name of FXWM? I have google’d it yet its not coming up as a FX broker. Kindly give their full name. Thanks a lot mate.

    @Miguel, what currency is ‘mxn’ You seem to be trading it on your published stats

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