Forex Hacked Review Live Results And User Discussion

i blown my live account in the crazy move yesterday.. huge lost….

If someone want to take a look of my last manual trades, here are (partial statement, before are mixed with some trades from forex harvester):
http://keshiusdmxn.mt4live.com/

Hi JacobsL, i think 82% in 3 days is too much risk, u will blow the account in a few days u will not reach the month, I bet u. You need to target 20% in a week, to stay alive in the swings. Im testing ForexHacked since 2 months, in some settings i reached 120% so dont get too excited for the performance after a few days u need to wait. I recommend u not going live before testing this EA at least 20 days.Trading the EURUSD this days with a martingale is suicide with swings over 300 pips. I turned off my eas this days after a loss, and only did manual trading, since 25 May +13,683 pips on closed trades, and holding open positions +16,000pips with USDMXN with low risk using only 0.1 lots. (pip value .00771 using .1 lot). I start with 1K and my equitity is after 4 days 3.6K, and my max FL was only the spread of my first trade 🙂 Since my first trade have always been +. Why i still holding my positions with huge profit, simple SWAP 14 usd/lot. Have a nice trading.

@Jacobsl @andre

Today, GBP/$ and CHF/$ crashed two of my three demo accounts. One account survived the strong trend today. I think I have found the problem. The crashed account has a leverage of 300 ! I think leverage 300 on a 50’000$ account with 4 pairs an “1 Lot size” is not enough! The third account with leverage 500 has survived! It’s saver to trade only two pairs on a leverage of 300 with 50000$ ! With more start money, you can trade more pairs !

Short description:

4xp, leverage 300, 1 Lot start size, 50000$ = crashed (bevor crashed up to 80000$)
4xp, leverage 300, 0.1 Lot Start size, 2000$ = crashed (bevor crashed up to 5000$)
FXOpen, leverage 500, 1 Lot start size, 50000$ = Survived 🙂 (now at 79’000$)

I startet two new accounts, one with 50’000 and with 2000$ on 4XP Broker. I will change my strategie on this two accounts.

What do you think? The problem is, on 4xp is the smallest lot 0.1 = 1$/pip ! That’s realy risky for a 2000$ account I think.

@marty

You can run more than one of the same MT4 Broker at the time. The trick is, copy the mt4 folder in your “Program Files” and give them another name. Example, original Folder “IamFX MT4”, make a copy of them an rename it to “IamFX MT4-2” or something else, then start the “terminal.exe” from the original folder and start the “terminal.exe” from the copy folder. Now you have two terminal.exe instance running! It works, I use it on my VPS ! I have four terminals running, every terminal with an other login (account).

Pascal:

The percentage profit I quoted was wrong! It is 82% in 3 days. I am happy with it if would continue like that. As it turned out, the losses today brought down the account. I think it was because I didn’t close out the opened trades over the weekend. Lesson learned!

Jacobsl

Pascal:
I used default settings from the installation manual just to test the EA. My plan is to use VIP settings later. I only attached the EA to EURUSD and I got the EA to work from May 27. I saved the trade report as at close of business on May 31 because a new page is opened for each month (except on live accounts), as I understand. The report I saved (Stmt_May_2010.htm) showed start balance of $1,000 and $822 profit . Unfortunately the trades took a downward spin today (June 1st) from heavy losses that started around 1: 00 am Eastern Standard Time. There was a big sell out on the pair and probably affected other pairs as well. The demo account took a hit of over $1,000! I took your advice and opened a mt4live account (http://jacobsl.mt4live.com/), unfortunately you will only see the log from June 1 because the previous month gets wiped out on demo accounts. But since I saved the May report, I can send it to you if you’ll give me an email address to use. The report is named Stmt_May_2010.htm and you can contact me at Jacobsldemo@gmail.com.

Jacobsl

One more question..I’m looking at VPSs, will Forex Hacked run on IamFX with their free VPS hosting services, or can anyone suggest a good, cheap VPS to host FH on? Thanks!

9 hours of demo testing using the settings from the VIP section and I’m up 17%. I must say, these are pretty awesome results so far. I plan on funding my live account tonight and will provide mt4live links in future correspondences.

I just have one question though. Is it possible to run more than 1 instance of MT4 Trader at once? Or is it possible to have more than one account logged in at once?
Thx!

@ MJ-K honestly $100 ? $250 is the absolute minimum the site recommends. I feel it would be a gamble and the odds are against you. $1k would be safer. 0.1 mini should be the same as 0.01 on a micro which would be ok. Check with your Broker about your account settings.

Remeber this EA’s weakness is it’s strength. It will keep placing orders and increasing the size of those orders as the market goes against it. Typical settings are 8-12 orders. ie. 0.1 then 0.2 then 0.4 then 0.8 then 1.6 if your booster setting is 2….. This EA will win technically as the market never goes in one direction forever, the question is do you have enough money to place enough orders so you can be in the trade when it goes right. :>). lol Oh it can give you a rush if you are the type to stare at your P & L.

@ Pascal, There are a number of settings that work. E$ is a good one to experiment with since we had those spike downs in May. FH will blow up the biggest accounts if you are greedy. When doing your test use more money. There are 2 big drawdowns in May. To overcome them you will need more then 20K without hedging on using the other settings as default if my memory serves me.
The hedging feature will save you but it also takes away profit. FYI all, it is BETA ! Be careful.
FH is an EA of mass destruction if used incorrectly. It is an awsome EA and one should have it in there toolbox of EA’s. Think Conservative !!!!
Remember, if you see all these big gains, it means you are talking a bigger risk. It can all go be gone even faster then you made it..

Hello Guys, for the life of me, I cannot figure out how to install Forex Hacked. I don’t think I’m new to EA’s, I’ve used FapTurbo and ProForex Robot and those two where relatively easy to install. Anyway, I need help. If anyone knows how to install the program properly, please let me know. Thank you.

email: Lysander17@yahoo.com

@ Pascal, Check with your Broker as some Brokers in the US do not permit Hedging. as per the NFA rules.

@ Jacobs, the only thing i have against FXCM is their spreads. They are typically to high for scalping. I use GallantFx & FxWm as the E$ & Cable are usually under 2 pip spreads.

I am also running PFR, I am a bit sceptic at the moment and will reserve judgement until I have all the facts on this EA. Has anyone seen this much Hype ? the marketing is so intense it’s just rediculus.

FH update, E$ with the hedging on at level 5 is holding @ even the last few days but up 10% since I started it, Cable is up @5%. & U/J about +3%, using the VIP settings. I ran a backtest to check the optomization and have adjusted the E$ and will see were that gets me in the coming week. The others are VIP.

@Jacobsl – I am running three different Forex Hacked demos at FXCM. All three are up after 12 days – two of them right around 60%, the third about 30%. I am pretty happy with these figures, but I am curious what your settings are that you are seeing that kind of + % in only two days. Would you care to share these settings? I’ll open a fourth demo and try it myself for the hell of it.

Thanks…

Andy

Hello Admin, I had a question regarding the broker of choice. I wanted to know if there are any other brokers you recommend besides FX Open for Forex Hacked? The reason why I ask is because I am currently testing Pro Forex Robot at FX Open with a demo account $1,000. Please let me know if you have any suggestions. Thank you.

Everyone please disregard my last post lol. I figured it out just by reading older posts! I may take a look at FXCM as well, thanks for the input Jacobs.

timejumper2020:

My demo is on FXCM by BT (Boston Technologies) and is up 171.8% in two days of trading! Why are people saying FXCM is bad for Forex Hacked?

I’ve had my FH up and running since Thursday night, using the recommended settings in the VIP section for a live account with FXOpen. So far FH hasn’t openned any trades and I can’t figure it out…

I’m thinking it has to do with Lot Size though. In the settings, it’s recommended a 0.01 size and I think FXOpen only permits lot sizes of 0.1….if this is the case, FXOpen won’t allow FH to make a trade, correct? Will FH only trade 0.01 lot size or will it compensate to the broker’s minimum lot size?

Hi admin

I have a question.

my mt4broker is fxpro.com and they have no micro lot.

so I trade mini lot (0.1lot) and I have $100 my real account.

can I available this EA? can I start with this EA $100 and 0.1 lot?

hmm.. do you understand my word?

I’m Japanese. I can’t speak English well.

@Steve I’ve just got Forex Hacked working on 6 pairs in my GoMarkets demo account – EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, EUR/JPY. You can view my results on http://forexnic.mt4live.com/ NickS

Hi,
I´ve started today by activetrades with a live account (2k) and FH… I´ve tested in a few other account and worked very fine. But by active trades I get always the error:
2010.05.31 01:22:17 ForexHackedv1 GBPUSD,H1: invalid lots amount for OrderSend function
anyone a idea about the problem? I have a leverage 1:400

thanks

NickS:
Thanks so much! I’ll be watching for your posts. I really want to get up and running with Go Markets and a really good EA. I also want to run it on a VPS, so I will be eagerly waiting to read your results. Thanks again, NickS!!

timejumper2020: Yes I am happy the EA is finally working too. Thanks to you and other contributors. The demo is on EURUSD pair and is up $541 from $1000 in three days! I am still watching it though. Is there a place to find out which currency pair is working very well each week?

Jacobsl

@Steve I started Forex Hacked on a GoMarkets demo account Friday afternoon. Hopefully I’ve set it to Admin’s VIP settings. But I’m running it on all 4 currency pairs as smallest demo account is $3000. Has not opened same trades as Admin so I need to check settings. I’m using ForexVPS – I need to check for connection delays and slippage with GoMarkets. I’ll report results here. Hope this helps. NickS

@andre7
But hedging does not work in my tests. It doesn’t protect anything!
I found no settings in EUR/USD which not crashed in a few days! Because, EUR/USD has some strong trends in the last month with no retracements, only strong in one way!

@marty
yes, drawdown is the amount of open trades running against you
(Balance – Drawdown = Equity)
I have analyzed many many stats-pages, for example those results on Forexhacked.com
it seems to me, that the best performing pairs ard GbpUsd & EurJpy (more agressiv than GbpUsd)
With an initial of $100, i would start wirh GbpUsd using Admins settings – just my opinion.

@Andre7
Yes, if I manually close the trades, I’m adding emotion, no question.
But the error was made before trading, as I startet with big lot size.
I will demo this EA until I find my very personal settings, since I dont have the time to watch the MT4 all the time.

As for using max trades and hedge settings, I didn’t play with these settings, so I cant say anything about them.

JayJay, how do you get FH to work on other Demos? mine seems to only work on one at a time. The one that is currently registered.

FYI.. Forex Hacked Support seems to be none existent. I have 2 messages into them for a week now, no response.

As fo manually closing all the trades when it gets to deep into what appears to be a trending market, well now you are adding emotion to your Trading. There is a price to that if not done consistantly using a trading plan. (Whole other subject if you want to be a professional Trader).
That is were you using the max trades setting. There is also the Hedge setting to protect you aswell. I am still testing it and have not enough information to really coment on its success.
I can tell you that after one week , the E$ with hedging on was more profitable to the power of 2. Be warned, that is not enough information to really base some decisions on.

I’ll ask this again because no one has addressed my question: Is anyone using Forex Hacked with Go Markets? http://www.gomarketsaus.com I have an account with them and would like to know if this is a good broker for Forex Hacked. I have an FX Open account, but I don’t like how difficult it is to fund your account and to withdrawal funds.

Thanks for the input JayJay. I’m in no hurry to let the funds grow, as long as they do grow. Now, I’m a total noob to Forex, what do you mean by drawdown? Is that the amount of losing trades?

Basically, I want to set it to a medium risk level, trading one pair with the smallest lot size and allow my account to grow. If I put in the settings used in the VIP section for live trading, I should be ok then, right?
Thanks a bunch!

Anyone using Forex Hacked with a broker using suffix, tested a lot in demos, but when i gone live with GallantFX FH didnt open a single trade, i think because “EURGFX” iamfx use similar suffix. I already have an account in GallantFX and want to use “internal transfer” every “double take”

@CJ
FXDD Malta has a Lotsize of 0.01 so I think it should work, try Demo-ing

@marty
If you trade just 1 pair, with the smallest Lot size, you should be fine.
I was Demo trading the GBPUSD very risky on a micro account and the drawdown kept growing. Just before the final crash I pulled the trigger an my Demo had about 100$ left. after a few days, it was up to 300 again.

I personally dicovered 2 golden rulez this week
1. Dont be greedy or expect a get-rich-quick sheme
2. even with small lots you can earn a lot, but you have to be patient and stay cool

Is anyone using Forex Hacked with Go Markets? http://www.gomarketsaus.com I have an account with them and would like to know if this is a good broker for Forex Hacked. I have an FX Open account, but I don’t like how difficult it is to fund your account and to withdrawal funds.

Hi, I’m about to buy Forex Hacked, but have a question…I’m a laid off worker and don’t have a high start up capital…will FH work with $100 starting deposit and a 1:500 leverage, using a micro acct at FXOpen? Thx for any info.

Will FH work on FXDD Malta?

Hi Jacobsl…I’m glad you got your EA working. That is good news. If you need anything else just ask. And yeah FH support is not the best. lol Take care. 🙂

@ Admin,

i forgot to add to my previous comment.

do u use a live account with the forex hacked settings? please tell me which broker did u use? which leverage and which settings u used?
im a member of forex hacked and im trying to find ways to make a safe and profitable forex live account. please let me know on that, admin.

Roger

@ admin,
your forexhacked stats. which broker did u use? which leverage did uuse? also what settings did u use? i want to start small in cash like $1000

JayJay:

Following your explanation of how the EA works, I saw similar trading pattern in my demo. I think this EA needs help. Can you come up with a medium aggressive setting that will prevent the EA from crashing accounts and yet remain profitable. I am thinking long term here.

Jacobsl

Hello everybody,
I am demo-ing this EA at high speed with 8 plattforms and different settings.
The best broker is FXOpen and this broker has minimum requirement of personal docs to open an live account, also FXOpen offers very attractive funding options.
-) AlpariUK is ok to use, since they offer a 0.01 Lot size for micro accounts. but…. the max trading volume is 2 standard lots, and since this EA keeps increasing the size of the trades, that might be reached very soon on high volatility days.
http://www.alpari.co.uk/en/trading_accounts/account_comparison_table.html
I think for trading on Alparis classic account, you need an equity of 10.000 minimum. everything below 10K is ultra-high-risk.
-) FXPro did well with Demo 50K, but I wouldn’t recomend FXPro for trading this EA.
-) FXCM & FiboGroup are no good.

— This is my personal opinion, based on the Demos I kept running this week —

Demo-ing ForexHacked (super agresiv) on FXOPEN with an initial start of 25.000 :
Settings: (super agresiv)
Lot: 1.00 / TP: 35 / Booster: 1.7 / PIPstarter:21
EUR-USD: went up to 112% but then crashed the same day, the very same happened at the next try at the next day.
GBP-USD: went up to 146% after 2 days, then on the 3rd day some huge losses, down to 50% (from initial) but still running
EUR-JPY: Best perfoming stand alone currency pair (stand alone = running EA just on one Chart)
after day 1 up to 183%
after day 2 up to 241%
at day 3 Account crashed (total open lots at crashing: 99.22 )
See detailed statement: http://eurjpyfh.mt4stats.com
USD-JPY: slowest currency pair so far
after day 3 up to 131%

2 Currency Pairs:
Chart1 = EUR-USD / Chart2 = GBP-USD
crashing very fast

Chart1 = GBP-USD / Chart2 = EUR-JPY
after 3 days up to 200% – then crashed

So why is this EA so DANGEROUS ???
because it works with a very well calculated Martingale strategy.
let me explain a liitle bit on an example how this EA works.
Lets take settings: GBP-USD (1.4400) Lot: 0.10 / TP: 35 / Booster: 1.7 / PIPstarter:21
EA opens a short trade 0.10 Lot at 1.4400, but GBP-USD goes up (bull)
– 21 pips later (parameter setting is PIPstarter:21) at 1.4422 the EA opens another Sell with 0.17 Lots (parameter setting is Booster: 1.7)
– 21 pips later at 1.4443 the EA opens another Sell with 0.29 Lots and rises the TP from all sell trades to the TP of the bigist Lot-trade.
(since I use TP 35, all my sell trades will have tp at 1.4408 (1.4443 – 35)

Now the EA makes a hedging trade of buy 0.1…..with the same calculation of TP, Booster, etc

But GBP-USD keeps going up.
21 pips later at 1.4464 the EA opens another Sell with 0.49 Lot and rises all TP from Sell trades to 1.4429 (1.4464 – 35)
21 pips later at 1.4485 the EA opens another Sell with 0.83 Lot and rises all TP from Sell trades to 1.4450 (1.4485 – 35)
21 pips later at 1.4506 the EA opens another Sell with 1.41 Lot and rises all TP from Sell trades to 1.4471 (1.4506 – 35)

and this goes on untill you have no margin available anymore or you reach the max trades of your Settings. (do the math by your own: 0.1×1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7 x1.7
—–> If you reach this level – start praying

I hope, you see the Math behind this EA’s strategy
So, once the EA is stuck with an sell trade, but the trend is bullish (up) the ea will keep on adding sell trades allthough its going higher and higher.
When I see this kind of Trades I usually pull the trigger and close all trades.
After closing the loosing Sell trades, the EA jumps inmediately on a Buy Trade and goes with the Trend.
I have an simple EA called: CloseTradesAfterAccountLossTooMuch.
It’s a mind psychology to pull the trigger. But I think, its better to have a small loss then an account crashed.
Starting next week, I will play with smaller lot sizes, to find my very personal settings.
I am a risky person (maybe greedy sometimes) but I have learned this week that ForexHacked can crash every account very fast, if you use too big Lots.

Take care everybody

@Admin,
I can see at this point you are at $48K drawdown on your fbihackedlive2 acct. That’s close to 50%. It must be pretty close to a margin call. In fact with leverage at 100:1 I would have thought you’d already have had a margin call. How close are you? Thanks so much for the website. Also I notice there are many questions that can be answered by reading the posts in the forum or going to the VIP section or simply by opening demo accts and trying different strategies and different pairs.

hello
What are your parameter?
thank you

Hello Admin, timejumper2020 and JayJay:

I got FH to work finally! Thank you guys. This is the only place I’m getting help because FH support never responds. Please is there a place to check which pair is working week by week? Also, someone commented that only FxOpen is profitable among the mt4 platforms; does profitability depend on the platform or the quality of the expert advisor?

Hello,

What leverage ( $1000 live micro account at FXOpen),
and which currency pairs (GBP/USD and EUR/JPY ?) do you recommend for FX Hacked?

hello
how to reduce the take profit is set at 132 points

@Admin – thanks for the info on the Alpari demo account. Which settings is that particular demo account using? I want to see if this matches one of the demos I am running.

Thanks…

Andy

what is the best pairs or currencies to trade for the Scalping Settings?
im new to forex trading. i already almost destroyed my fxopen standard account with their Scalping Settings i used on all currencies they said is good but it was a super high risk and burn all of my funds.
i want to start over again with a fxopen micro account i open and will use this time in a small cash amount like $500.

@Admin – question – the web page shows Forex Hacked with currently a +630 % gain. This is from what start date through today? Is this all of your demos combined or some other combination?

Thanks…

Andy

While my demos at FXOPEN and FXCM seem to be doing fairly well – some setting better than others – what I DON’T understand is that, for example, on one demo, one pair has a BUY at 0.1 – it’s losing, so another trade comes in with a BUY on the same pair at 0.17. Fine. I get that. This one isn’t doing too well, either. Later on, I see an order for a SELL on the same pair at 0.01.

HACKED is submitting SELLS on pairs that have open BUYS? WTF???? Is anyone else seeing this? And if there is any logic to this, please someone enlighten me.

Thanks…

Andy

Oh, one more thing – to the guy that replied to me about the ECN settings…thanks. What I need to know is if and when I go live with either FXOPEN or FXCM, what should the live ECN setting be for both of these brokers? Does it matter?

@Topazman – yes I had the same experience with Masshedge. It seems to me that it stops the martingale factor where trades will continue to be opened until you get a large profit to balance out your losses. So when Masshedge kicks in you are left with your losses and no further larger profit will occur. Which is why we see our accounts take such a hit. That’s my theory at any rate.

the best setting in max open position 9, 10 is too much!!!!!!!!!!!!!

Hey all, new to the forex auto trading scene. Reading through here, Forex Hacked seems like a pretty good EA to start with.

Should I take the plunge or does anyone suggest a diff EA to start with? Thanks!

Hi, what I don’t get is how you find Hacked to be so good? Other Reviewers can it as too dangerous. As a relative Newbie I have tried to use Hacked twice (demo and live)….and lost my money. I really like its activity but don’t get how to control it. Can you set out simple instructions pleasez???????????? (love your websit e which I only discovered a couple of weeks agoo. Regards, Will

I experimented with the masshedge setting on my live account and it managed to eliminate virtually all of the profit gained on the gbpjpy pair. I have now switched to using the audusd and usdchf pairs with considerable success – but not using the masshedge. Can anyone explain use of masshedge and what the settings should be?
As FH opens both buy and sell trades is there any advantage to using masshedge?

I used the masshedge settings on my live account, and it worked well to increase profit and reduce drawdown. The problem was my broker contacted me to tell me that FH is pinging their server continuously, 2 to 4 times a second, to modify the stoplosses on the masshedge trades. My broker had to block my account temporarily to prevent their server from going off-line. I had to stop using masshedge to keep my account going. Has anyone had a similar problem with masshedge settings?

now that if north & south korea is gonna open fire, forex hacked will play very well…

the account was up 50% within a day before it’s blown. Anyway, my purpose is to prove that the FH double the money in 14 days. actually it’s not. i just found out that the eurjpy paired in fbiforexhacked.mt4stats was once open at 0.70 lot which closed at $350, the account was starting at $1000, so this position alone contribute 35% .. however, it’s a martingle strategy, meaning it has 6-7 losing position in order to open a 0.70 lot position, i had 0.47 the max before its blown.

what i’m suggesting is that by chance, the ea double the account in 14 days during the greece crisis. the price goes straight down, the ea trade it right, so it doubled in 14 days (it can be sooner). The accumulate earnings save the accounts, as the earnings increase and never withdrawn, the drawdown decrease. in that case, if you try to increase the lot setting of the EA, there will be high possibility that it will be blown.

i should’ve expect the EA double my account 2 times a month, but u should not do start it on a stormy day.

@Chad Hi, sorry to hear ur two accounts were blown. If your running a FxOpen DEMO try starting again and in the account setup box change your deposit to 100k. Because the DEMO is standard and not micro it trades at a dollar not a cent and you need a bigger deposit. So 100k equal $1000 for the DEMO. -timejumper2020

@hatchsead So if I withdraw every 50k then that means I’m withdrawing $500 at a time right? Thanks for your reply. 🙂

Hi Admin,

Thank you for the site. Why are you using the AUDUSD and USDCHF on your Hacked live account, when the Hacked site says GBPUSD is the most reliable pair? Thank you!

i blown another 2 account again in 2 days using the settings in vip for FH, g/u e/j . leverage was 1:500 fxopen. wondered if there anybody has the same outcome..

@timejumper2020. You don’t necessarily have to wait till its another 100k. If you take a queue from the Admin, you will notice the account started with a 100k and later withdraw 78k from the account. My understanding is that as long as your account does not go beyond 300k in FXOPEN micro account, you can enjoy the 1:500 leverage and keep rolling. If you choose to withdraw at every 50k profit its all welcome.
I have a live account starting with 100k cents running 2 pairs of FXhacked, eurusd only on FXMegadroid, fapturbo50, stealpips, euro-blasterv7.11 all on 0.1 settings, i can’t wait to include pipbrains in the army.
Happy piping mate!

Hey all…does anyone know the answer to this: if you open a 1k account and it shows as 100k would you have to wait to make 100k more before you can withdraw $1000 profit? Or if because of the 1:500 leverage there’s a different conversion? Thanks! -timejumper2020

Hey Gerhard, yes that setting is for the max open positions. Today was the first day i used the hedging on E$ ( demo) and it did out perform the other pairs on the recommended modified settings.

Congrats Admin. That’s awesome. 🙂 I’ve made 17% so far in about 2 weeks at one of my DEMOs. Cheers! -timejumper2020

UPDATE (May 24th, 2010) – I withdrawed $780 worth of profit from the account that Forex Hacked made this month, and leaving it to start over from $1000 again.

@jacobsl Hi Jacob. I think FxOpen is the broker of choice for many who use Forex Hacked and the first one recommended in the Forex Hacked FAQ. I have 3 DEMOs with them and am happy with their performance. If you do change to them know that their DEMO is different then their LIVE accounts. Their DEMO is standard micro lot and their LIVE account you have the option to go with standard or micro. Standard trades in big lots and are for big accounts while micro is for accounts under $3000.

If you read jayjay’s post above you’ll get a better idea how that works. If you open a DEMO account worth 50k with a standard lot of 0.1 that is the same as a LIVE account worth $500 with a micro lot of 0.1 (100k standard 0.1 lot = $1000 micro 0.1 lot and so on). The smaller the lot size the less risk and with FxOpen the smallest you can go is 0.1 micro lots which is equal to a cent. This whole thing about lot size is important because you don’t want your account wiped out in a day when you decide to invest. By the way let me know when you setup your DEMO and link an mt4stats page. I checked my accounts tonight and they’re doing great. The market opens Sunday night. Hope this helps let me know if you need anything else. You can also ask jayjay who seems to know more about lot size then me. -timejumper2020

Hi admin,

What do you mean by “ForexHacked will not function properly on NFA regulated brokers”?
Or does it mean, ForexHacked is breaking any NFA’s rule? Which one is it?
I have been quite satisfied with its performance, and think of opening an account on a more reliable brokers.

timejumper2020:
One of the steps I took was open mt4 with FXCM by BT, UK, which allows lot size of 0.01. Is still not trading. May be I should go back to FxOpen and try a lot size of 0.1?
Jacobsl

@jayjay…Hey jayjay thank you so much. I was praying someone would explain the lot size thing as simply as you did. I really appreciate it. 🙂 Right, so 100k DEMO is $1000 LIVE with 0.1 micro lots and 50k DEMO is $500 LIVE with 0.1 micro lots. I knew that was a cent in micro lots I was just stuck on the math. LOL Just one thing, 0.1 micro lots is a cent and will work the same in both $1000 and $500 accounts correct? The admin said so stay with 1:500 leverage and if your LIVE account is $500 or less to do just one currency pair and when it reaches $1000 then you can jump to two. According to my mt4 stats I think GBPUSD is doing better then USDJPY in one of my demos but but EURJPY is doing better then both in another demo. I’ll wait til the admin lets us know which he recommends if we go with just 1 currency pair.

So are you starting with $250 or $500? I wanted to start with $1000 to see a big difference but for now I think I’ll do $500 in a few weeks. I’m on demo mode for now. LOL Hey when you do your LIVE account give us the link to your mt4 stats page. I would like to look at it and see your progress. I’ll do the same. I have 3 mt4stats pages that i posted on here some days ago for my demos. Goodluck with your accounts and thank you for your help. 🙂 -timejumper2020

@timejumper2020, hello there

If you look at https :// cabinet.fxopen. com/registration.aspx?Culture=en-US
(Remove Blanks)
you will see the account’s types of FXOpen.

1 standard lot =100.000 points of the base currency
=> 0.1 lot =10.000 points of the base currency
1 PIP = 1$

1 micro lot = 1.000 points of the base currency
=> 0.1 micro lot = 100 points of the base currency
*balance on micro accounts is indicated in cents
1 pip is 1 cent approximately

So If you sign up for an micro account and fund it with $500
your MT4 will show up with 50.000 CENT
Your gains and losses will be in shown in Cent

If you want to run a Demo, just sign up for an 50K demo, that should equal a $500 micro account.

I signed up for a live micro account at FXOpen and will start trading live by Wednesday. Lets see how that works 🙂
cheers

Andre7, thanks for your input. It sounds like lot size is the only way to control risk, then. V2.2 is what I started out with and I do notice that when the trades go in the wrong direction, positions in the opposite direction will be triggered. Also, when you talk about 8-12 orders, you are refering to the total, buy and sell, right?
Thanks again
garrett262

@ timejumper2020, hello there

If you look at FXOpen account’s type
https://cabinet.fxopen.com/registration.aspx?Culture=en-US

Account Type Standard:
1 standard lot =100,000 points of the base currency (indicated in $ )
=> 0.1 standard lot =10,000 points of the base currency

Account Type Micro:
1 micro lot = 1,000 points of the base currency (indicated in cent )
=> 0.1 micro lot =100 points of the base currency

That means…..
If you open a micro account with $500 it will show up in the MT4 as 50,000 cent
And every gain or loss is indicated as CENT value.
That would be the same if you start a Demo Acct with 50,000 and do the trades with 0.1.
So Admins settings will fit for the Micro.
I will start with a $250 by Wednesday
Lets see where it takes me 🙂

Garret, ( “Do you know if reducing max lots will reduce risk” ) was your question. I will say “No” to a point. The primary function of this EA is to keep adding to its position and increase it’s order size if the market moves against you. If you cut the max orders back too much you will be crippling it’s ability to do what it is designed for. 8 – 12 orders seems to be popular. I personaly am using the recommended settings in the VIP section, they appear to be have great success on small acount sizes. Oh Ya, if it gets to 12 , you will be on the edge of your seat,lol. The 2.2 version has a hedging (beta) option to help protect your losses. It is Beta ! I just activated it this weekend on one pair, reat assured I will let you know if it gets used.

Andre7, thanks for your comments. Do you know if reducing max lots will reduce risk. Does the EA need a certain number of max trades to function properly?
Thanks

@jayjay Hi. Well I’ve asked about the micro lot size but still a bit confused on it. I haven’t traded live yet and wanted to start with $500 and the micro lot size for that according to the forex hacked guide is 0.05 but FxOpen doesn’t support that. Their lowest lot size is 0.1 So I’m not sure if that would be okay or to risky on a $500 live account….any suggestions? I’d like to know what the admin thinks? Thanks! -timejumper2020

Garret, if you are planning to use it on a real account , start off with one pair and the smallest lot 0.01 . Be patient don’t be greedy , this EA can make you big $ and break you fast aswell.

@ timejumper2020
You have done the most researches on microaccounts,
Are you satisfied….. do you trade live already?

Woooooooow what a ride !!!!
I installed the EA on a $1000 Demo acct at FXOpen.
I noticed that FYOpen has just 4 Digits and the minimum lot size is 0.1
I ran it just on EurUsd & GbpUsd with the settings of Admin
I did the trading from 2:00 PM – 6:00 PM GMT
My demo ist showing up with $1778.70 – that is a 77% in just 4 hours
That’s just amazing. But I think a 0,1 Lot is extremly risky
I have tried Alpari, FXDD, FiboGroup, but they all loose.
FYOpen is the only winner among my Demos.
Anyone trade Alpari?

Now….
Thinking of going live with FXOpen MicroAcct, lets say with $500
Does anyone have expierience with MicroAccts?
Can you trade a 0.01 Lot?

I’ve been running this EA for about a week with pretty decent results. The only thing I don’t like about Hacked is that there is no customer support, so maybe somebody here can answer my questions.
With a $ 2500.00 account would it be better to run just one pair with the recommended max trades or run two pairs with a total max trades for just one pair?
Which pairs are the most profitable? Should I stick with .001 lot size or increase it?
Thanks

@jacob Did your EA start trading today before the market closed? If not watch it on Sunday (I think that’s the day the market reopens). Anyway, the Admin is using the VIP settings he created in his VIP page. You can signup and get those settings free. If you want to use the ForexHacked settings I recommend the “Standard Settings” and not the scalper or hybrid because as the description reads “These settings offer medium to low risk, with a high profit potential.” And I think that is the safest/most profitable option but even more profitable are the Admin VIP settings. Good luck! 🙂 -timejumper2020

Nevermind I found out where to get the settings .

Thanks you Jacob

How do I get the custom settings for fx hacker from fbi?

cheers Jacob

Hi, I was wondering if the results that admin is using for the ea hacker is the default settings or is it the scalper settings or the hybrid settings. I just want to see the same results that admin is recieving..

thanks jacob

@suthernpitbull Oh okay I understand about the 4% charge, however why does your account appear to be 100k? With the leverage is it equal that even though you deposited $1000?

@Infoman In the Forex Hacked guide it says if you set ECN to false it executes the trades faster if your not using that feature and in our case with a DEMO account we’re not so I have my ECN set to False.

@Jacobsl If your running on a FxOpen DEMO the smallest lot size they allow for your trades to work is 0.1 not 0.01 That was another reason my metatrader wasn’t trading and another reason why yours could be stuck. Hope that helps.

Admin: I just wanted to confirm that the broker account number to be entered into my profile with FX Hacked is the demo account number with my mt4. Also, the installation guide says is NOT needed to enter username in the settings, does it hurt if I enter it there?

Admin: Allow dll functions check is marked and Allow live trading check is also marked. I have just changed the starting lot size from 0.01 to 0.1 and SupportECN from FALSE to TRUE. I will watch it for a while and then let you know. Thank you.

Hi southernpitbull…. thanks for posting your stats. How come your 1k live micro account shows as $96,192 for the deposit? And, is your micro lot size of 0.1 equal to a cent…I’m running a demo of 100k with 0.1 lots (and fxopen’s demos are standard not micro). Do you know if your micro lot of 0.1 – $1000 is equal to my standard lot of 0.1 – for my $100,000? Thanks! -timejumper2020

@timejumper2020 apparently there is a 4% charge on all deposits/withdrawals via alertpay so basically $1k = $960ish after the charges.

Admin: Please what am I doing wrong? The EA is not trading. I’ve checked the settings according to the installation guide, they are ok and I have the smiley face and authentication. Also, I wrote to the support desk for Forex Hacked but got no response. Someone suggested closing and restarting the metatrader which I did but still no trades. My demo account is for $1,000 with lot size of 0.01. Many people are reporting positive results from running the EA but mine is not even trading. Can you help?

Jacobs

@Admin…

Thanks! Changed default 0.01 lotsize to 0.1 and set ECN to TRUE on all demos – all running fine and all 6 profiting nicely after only 12 hours. Of course, we will see how this goes, but out of the gate, I’m impressed. Hope it keeps up!

Andy

@admin So 0.1 is fine on a $500 account? Which currency pair should i use? And what is a 45 pip retrace? Thanks! -timejumper2020

@Admin Hi admin. I had a question I posted but that you probably missed. Here’s the question again:

When I open a $500 LIVE account with FxOpen, their lowest lot size is 0.1 for there micro account. Is that lot size a cent and is it equal to my current “standard account” DEMO of 100k at 0.1 lot size? Also, the Forex Hacked guide suggests to use 0.05 lot size for a $500 account but the smallest size at FxOpen is 0.1 What is your opinion on this? Thanks! -timejumper2020

alright.. i’m testing 1:500 now … thanks

i’m running live on fxopen, leverage 1:200 micro, with a $100 ($10k) for one day,
the setting 0.1 lot , and the current drawdown is 57%, its trying to open a trade at 6.8 lot , is this normal .. haha

20:29:56 ‘268477’: order buy 0.10 EURJPY. opening at 113.63 sl: 0.00 tp: 0.00 failed [Not enough money]
20:29:57 ‘268477’: instant order buy 0.10 EURJPY. at 113.64 sl: 0.00 tp: 0.00
20:29:57 ‘268477’: order buy 0.10 EURJPY. opening at 113.64 sl: 0.00 tp: 0.00 failed [Not enough money]

I might be in the same boat as Jacobsl above, but we will see. I am fairly new at this and I purchased ForexHacked much earlier today. I have 6 demo accounts – 3 pairs of different settings running at two brokers – FXCM UK and FXOPEN. Not one trade has taken place on any of them, so I must not be doing something correctly.

a) Would I indicate both FXCM and FXOPEN as NOT ECN?

b) I put my ForexHacked.COM login name in the top input of each EA. Since I am running multiple demos, what do I put in my one FH.COM FOREX ACCOUNT NUMBER setting?

c) How do I know for sure that the EAs are connected and working properly, beyond the smiley face on the MT4 platform?

d) FXCM demos start with 10k; FXOPEN with 50k. Is this okay to use in the demos?

e) What or where is the VIP MEMBERS area of the ForexHacked.com website?

If anyone can help – since it appears that support may be non-existent (24/7 support?!?, but I sent this to them as well), it would be GREATLY appreciated. Thanks!

Andy

Forex Hacked is still not trading! Ttimejumper2020 suggested that I close the metatrader and restart it which I did, yet no trades! Below is my previous comment, hopefully admin or someone else will have a clue:

I installed Forex Hacked and kept it running since last week but it hasn’t made any trades yet. I know that I set it up correctly with a unique magic number for each pair and the smiling face and authentication is there. Is this normal? I sent email to their support address, no response either. I feel like returning the product.

Jacobs

Just want to say to those interested and running Forex Hacked that if all our DEMOs keep doing this good and we can replicate this same success on LIVE accounts we all could become rich or very wealthy. LOL I know this is very optimistic but just felt like posting this from my excitement. When I checked my demo’s this morning the first one (FH standard settings) was a little above $7000 in profit, the second (with VIP settings) was $10,000 and the third (VIP settings also) was about $7000 and this is only after 5 days of running. The big test would be to still make money turning bad times in the market. Anyway, that’s my update today, I wish you all the best in health, wealth and success. And keep us updated with the mt4 stats page. -timejumper2020

@Andre7 & garrett262 – you’re welcome.

Hi southernpitbull…. thanks for posting your stats. How come your 1k live micro account shows as $96,192 for the deposit? And, is your micro lot size of 0.1 equal to a cent…I’m running a demo of 100k with 0.1 lots (and fxopen’s demos are standard not micro). Do you know if your micro lot of 0.1 – $1000 is equal to my standard lot of 0.1 – for my $100,000? Thanks! -timejumper2020

OKAY….jumped the gun a bit here….everything is fine. Scratch the above.

Andy

Confused…

I just ordered ForexHacked – got the REGNOW confirmation email, but I’m not sure what to do next. I have a logon to FOREXHACKED, but I created this before my purchase. I don’t see how the purchase can be tied to this. The purchase email had a download for FH, but it was version 1. Under my login, it is showing NO DOWNLOAD – so I don’t know if it takes time, if I should get some kind of email from them (though from what I am reading, support is virtually non-existent) – whether or not I need to create another login, where the VIP section is, etc., etc., etc.

I don’t understand how they can not send out an email with some instructions – or am I jumping the gun?

Thanks…

Andy

I’m running $1000 on a micro live account at fx open, 1:500 leverage and .1 lots… slightly modified the setting i got in the VIP section. here’s the link if yall wanna take a look.

http://www.myfxbook.com/members/southernpitbull/micro-account/31940