15% Off Coupon Code Below!
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Forex Hacked | GBPUSD / USDJPY / EURUSD / EURCHF | H1 / M30 | A mix of hedging, martingale and break-out. | Yes | Yes | 18-132 | Trailing 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.
@all
I tried to investigate now for some time but could not get the answer.
So why is it safer to have a leverage of 1:500 on a 1K account than a leverage of 1:100? Isn’t 1:500 a higer risk to have more profit BUT ALSO loss?
thx so far
@ NicNac / Admin
Yes, In several posts the Admin recommended raising the leverage up to 1:500 to improve performance for a poster’s Forex Hacked account. Brokers Iamfx and Fxopen allow 1:500 leverage on a demo account but many broker’s demo Mt4s do not.
However using the Admin’s VIP settings, I have had very good success with a 1:200 demo account with 1pipfix Canadian broker but wonder if it too would be better on a lve account.with 1:500.
Thoughts anyone ?
@ all
i just get refund from pip brain and i want to ask about this expert .. does it work with ibfx well or i need another broker?.. please do not tell me that fxopen .. because i dont trust them
second :
i will trade only GBP /USD at my account …can any body tell me is 700 dollar enough with the setting of the admin ” setting of the live account”
and thank you for helping
No! Even at .01 say adios to your account. The admin’s account is 500:1 on a 1k acct. I believe, IBFX is 100:1 . Correct me if I’m wrong.
you wont be able to use forex hacked on IBFX as it is NFA regulated and doesn’t allow hedging.
Hi Admin & all…I have a question for the admin or anyone that could help me with this. I was looking at the stats page of the admin and Forex Hacked traded for him on July 7th and my stats page show no trades on that day. I have the same settings as him and run it 24/6 on a VPS. So was just wondering why my robot didn’t trade on that day and also why the trade amounts for him are different then mine ( in oher words I couldn’t find a trade of his that the same dollar amount as mine). NOt a big problem since my DEMO keeps getting bigger everyday. But thought this was a good question to ask. Anyway, thank you all for reading (& your input). -timejumper2020
it is all about the leverage, and the speed of your connection, while your connection might be slower than fxfbi the bot might think at a later time to make the trade and the ammount of pips would obviosly be lower.
about the leverage it means that while you do 100 pips if leverage is different from one account to another you can get 80 dollars and the other one can get 100 dollars, so that might be the reasson is different dollar ammount.
Hi Allan. Thanks for your reply. My DEMO is on FxOpen with a leverage of 500:1 I think you are right on the admin’s account doing different dollar amount trades then mine since his account is with another broker and their leverage might be lower. ANd as far as the connection speed I host my metatrader and Forex Hacked on a VPS and their connection is fast. I think the Admin also hosts his on a VPS which is smart so you don’t have to have your PC running 24 hrs a day 6 days a week LOL Thanks for your input and for clearing that up for me. -timejumper2020
@perfectlycertain, what would be your best recommended settings for a $1k account? And what is the best leverage you could recommend including lot size and currency pair(s)
@hatchsead, if it were me, I would wait till I had a larger amount to open a live acct. That being said, you could try one pair, a conservative one, USDCHF perhaps. Maybe someone else can recommend a conservative pair, if there is such a thing. I like the standard USDGBP and EURJPY that FBI came up with. What’s good about this set of pairs is that they usually don’t trend at the same time. Leverage 500/1, lot .01 and hope for the best. You might get lucky, hit a time when the market was ranging. But for me, it’s too big a risk. If you really want this thing to work for you, you have to be patient, study it on demo, wait till you have the safe amount of equity and then it will just purr along. When it takes the dive (or goes 300 pips either way), you are covered with your equity. The very best of luck to you.
Hi folks,
I have been trading Hacked live for over 6 months. Yes, you have to be very careful with this beauty. Using .05 lots with anything less than $10K and two pairs – no no. You will blow it up. I personally would not start an acct with .01 lots with less than $5k (with two pairs, that is.) Why is that? Because I have blown accts so many times. But then again I made sure to find a broker that, when a margin call is taken, it only takes out the largest loosing trade – not all the trades, for salvage purposes. I know most are not going to believe what I have said. Not until later. Try it on demo first, please. Spare yourselves a lot of grief. In the US I use OneCorp. .01 lots, margin call takes only the highest looser out at a time.
Hi. I thought I would share my experience with Forex Hacked, thus far. I purchased this EA one month ago after running the demo for about 10 days. Initially I used the default settings of 170, 132, 2.3. I deposited $2000.00 in an account with Gallant FX. I have really liked them as a broker (courteous, fast to respond), however the smallest lot size I can trade with them is .05 lots. More on that later. In the first week my account made about $800.00 a day. Insane. Obviously I thought the EA was fabulous so I did nothing but watch my account grow. After about 10 days however as my GBP/USD pair suddenly had a breakout trend upward with no retracing my drawdown quickly got out of control. When it reached 40% I freaked and started closing out trades. I salvage my original investment plus about $800.00 (not including a $1200.00 draw I had took earlier). All in all I was lucky because I learned a lot and still had my initial investment.
Over the last few weeks I have been using the 21,35,1.7 settings. I keep my trades to 12 MAX; 3and 3, and 4 and 4. This has obviously slowed my gain, but my gain has been steady and more controllable. I am averaging about 700.00 a week which is fantastic. The key to this EA is #1 control the drawdown. You do this by keeping the number of trades conservative. Don’t get greedy. #2 This EA works best when the pair is bouncing up and down nicely, retracing and behaving. Watching the Forex market news and anticipating a radical downward or upward trend has helped me avoid losses. I just drop the number of trades way back until the pattern seems steady again. I have no idea really, if this is the best thing to do, but so far it seems to be working alright. BTW I am running FH on GBP/USD and the EUR/JPY.
Correction: meant to say 12 MAX trades. 4 and 4, 2 and 2. Duh.
Hi guys. I’ve been running ForexHacked on a live account for 4 trading days now. It doubled my account on the third day. Woow!!
Deposit: $4000,00, Settings: VIP with max orders 5 long 5 short, Pairs GBP/USD and EUR/JPY. Broker: Alpari UK, Standard account, Leverage 1:500. Account balance currently stands at $10277,68. Only problem is the drawdown that sometimes gets scary!! I’ve seen drawdown in access of $4000,00 (yesterday). Other than ForexHAcked is a magnificent piece of software. I’m getting another license for another account. Will update you guys as things progress. Happy trading all.
Mr Franklin,
If you doubled your account in 4 days I suggest you pull that profit out Immediately and start over with your initial deposit. Maybe Admin has more advise for you : )
Thanks for the advise Jmh2008. I should’ve read your reply sooner.I didn’t withdraw my initial deposit.I closed all trades when the account was standing at about $13000,– and showing a drawdown of $6000,– plus. Instead of withdrawing I decided to activate FH again. That was a mistake! I lost the account in less than a week (margin call) but I learned a good lesson in the process. Never trade FH with low capital on a standard account(Duh!!). Because of the account type (standard Alpari UK) I couldn’t trade anything less than 0.1 lots. You explained it very well with your $50000,00 demo example. Therefore I’m following your idea of 3 micro account with $500,– each. First acoount funded on July 23rd 2010. VIP settings. Currently at $1105,31(drawdown currently about $2,–). FH is trading beautifully with VERY LOW drawdown and I average $135,– a day. I will transfer $500,– from this account to another micro account I have with Alpari UK on friday the 30th and trade the same settings.I plan on doing this on 8 accounts simultaneously. (If Alpari UK permits me to open 6 additional micro accounts) Else I’ll try FXOpen. Thanks for your advice and explanation in your comments. Much appreciated. Continue to impart your knowledge please. Thanks Admin for the very best site on EA’s on the web.
hi guys,
i have been running this EA on my live account with USD2500 deposit for 2 weeks already. it so far gives a fine result but i do agree that u have to monitor this EA occasionally since it sometimes just loves opening trades one after another, and without SL! but generally the result comes out quite fine.
i will keep you guys updated if anything comes up (hopefully not).
i think it is generally a good EA for acount with small amount like few thousands, but i actually doubt it if it is used for bigger account. again, to early to make any conclusion for just 2-3 weeks.
btw, i m using standard setting with 35 pips TP.
also i m using AVAFX as my broker with a bit higher spreads than others…
happy pipping guys,
Roy
I am still trading it live alongside other EA’s with a 1:500 leverage on forexlite
The trades in AUDUSD and GBPUSD are forexhacked while other currency pairs are from some other EA’s
http://notionlit.mt4stats.com/
You just need to play it safe in my opinion.
I am using the VIP demo settings with maxbuy/maxsell = 4/4 for AUDUSD and maxbuy/maxsell = 2/2 for GBPUSD so that its a total of 6/6. In a worst case situation, i should have less than 15 open trades from forex hacked.
Happy pipping all!
Interesting results however 4stats is not giving the results in real time infact a number of the A/U should have settled quite some time ago. It appears to have stopped. Thank you for sharing. Did you give up on GoMarkets?
Ya I don’t understand how there was such a huge difference.
Anyhow, does anyone successfully trade manually? If so, care to help a noob out and share what system/indicators you use? Feel free to email me at johnuo@live.com
Thanks!
Anyone still running this on the AUD/CAD pair? If so then how is it doing?
@Marty…hmmmm….Among others, I am demoing on FXOPEN, too – 1:100 leverage, 0.1 lots – with GBPUSD and EURJPY pairs ONLY. For me, in just over a month since I started the demo, it’s been GREAT results, even despite a bad day or two, which will happen from time to time. I can’t comment a LIVE account since I don’t have one, but I would * think * that if everything remains constant, results should mimic the trend of the demo account. FXOPEN and ALPARI have blown away the results of other brokers I am demoing, including FXCM.
FXOpen is my broker.
1:500 levarage, 0.1 lot size. I still don’t get how big of a difference my live and demo accounts are. Ohwell, c’est la vie I suppose.
@Marty – what broker at you running this at?
Well, i’m pretty ticked off now! Yesterday alone, in the span of 8 hours, made a string of bad trades costing me $6500.00. Thank goodness that’s only $65 on my micro account, but it was a huge hit nonetheless.
I don’t get it, on my demo standard account, same currency pair, same FH settings and started at the same time with $100 account has a P/L of $1000.00 during the same one day of trading.
How can the same EA with the same settings go -6500 and the other go +$1000?
I know demos and live accounts are slightly different, but a difference of $7500?
Needless to say I froze the EA before my account gets totally whiped out.
http://www.windsorftw.mt4alert.com
Marty,
Is your account live? What settings are you using?
i need some serious help, GBPUSD is fine, but on EURJPY as soon as i attach to chart it open 0.1 lot on eurjpy which is great what it meant to do then no more than 10 seconds later it opens a 4.10 lot the opposite way. causing a big loss why does it do this, it does not do this on the other pair???
Has anyone tested any other pairs to use FH besides EURJPY / GBPUSD / USDJPY / EURUSD / EURCHF. If so I would love to hear about your results. I have done pretty good with EURJPY until the other day I had to disable it or my account would of hit a margin call.
Hi Jay Jay. Thanks for your post on June 26. Concerning your $500.00 A/C, which of the 1 pair do you trade on that A/C and with only 4 trades max are you able to make any profit?
The thing with only 4 trades is, that you run out of Power at a large move.
I did pretty well until last week. FH made aprox $35 a day.
But last week it opened some sell trades at 1.47127 and with just 4 trades I have to wait that the GbpUsd would come down again….
The use of martingale tactics on a volatile pair allows you to earn tons of money in a short period of time. That works well as long as the market don’t make big moves against the open positions. If it starts to trend against the positions the account will be gone in a very short period of time. An ideal tool for a highest risk trader which knows and understands the risk he takes and who is ready to stop and close manually if the market requires it.
Cinar, you are right about closing trades when market moves big against your trades.
Do anyone have any ideas when to close? DD 15% or 20% or more?
I lost 55% of my live account in yesterdays big bear trend EUR/JPY…
Admin.
I have registered for the VIP section and have been given a password. However when I try to use this password it is not accepted. Can you please advise me what I should do? Thanks for a great site.
Ron
dont cut &paste it type it in
FH seems to have tanked again. I was up $800 on my live micro account(only $8.00) and after a string of baaaaaad trades, checked it today and I had -$750 floating. What a headache. I manually closed all the trades and now I’m back at square one…AGAIN! D’OH!
@JayJay
That’s some pretty good advise you put up there. Thumbs up! I agree that admins settings are the safest to me so far. I’ve tested with the standard settings that came with FH and have seem some pretty disastrous results in the past.
Yeah I figured IAMFX wouldn’t be NFA regulated cause of the hedging allowed. Sweet. I might consider going live with them. I’ll start demo testing with them first of course.
So far I’ve been running demos on Alpari Uk for the past week and so far so good on a $1000 demo acct. running 2 pairs GBP/USD and EUR/JPY. Only thing is that my floating p/l is currently high between $400-$500 and thats mostly coming from the GBP/USD pair.
I’ve run other demos with FXopen with good results however I’ve noticed that FH runs much better with a higher investment count. I plan on going live with a startup of $2000 micro in the near future and run only one pair to play it safe. I’ve had some previous demos take a downfall with anything less than $1000. But that’s just been with my experience so far.
It’s becouse you turned “Expert Advisors” off. Its on the top center on your trading platform.
hi admin!
thx for your great work! thanks for all the hints and replies.
I only have one problem. I would like to register / participate the VIP section but I can’t get into it. Even “Become A FREE Bronze Member” only answers: “Nothing Found
There are currently no posts in this section, please check back again later.”
Can you please advise?
thx NicNac
I’ve seen somebody ask this question before but it was not answered. I’m have the same issue as the previous poster. I have been running Forex Hacked 2.2 on 3 demo accounts. It would run fine for about 3 days and then it would stop working. All the demo accounts experienced the same problem. The smiley face on Forex Hacked would turn to an X. I removed Forex Hacked and reinstalled it on to a chart and it still does not work. I would hate to have this problem happen on a live account. Has anyone experienced this problem or have recommendations to fix this issue?
@admin or anyone
Will FH work with IamFX? I’ve yet to try a demo test with them. Is it NFA regulated? If not, It would help a lot considering I’m a US resident.
Joe,
I’ve ran Forex Hacked on IamFX Demo account and it worked fine for about 3 days then Forex Hacked stopped working. Other demos I have tried have experienced the same problem. So it’s not just IamFX. As long as Forex Hacked continues to work for you, it does just fine on IamFX . Keep in mind this is based on a demo accounts and not live accounts. I don’t think IamFX is NFA regulated. The reason why I think this is because they allow hedging and I have not seen anywhere on their website that they are NFA regulated. Supposedly, Forex Hacked will not work on NFA regulated brokers. Hope this helps.
Yes Joe … It works with Iamfx as I use it myself and is doing well. That is with live account. It is not NFA regulated.. Thank God!!
hey Admin, great website!
i just purchased Forex Hacked but noticed that this EA doesnt use stoploss as default..it seems pretty wierd to me as a Forex noob…but several recommeded settings here are also with stoploss= 100…..guys i would really like your suggestions and advises..thanks a lot!
I am only trading one pair (EURJPY) and doing quite well with it. I am trading .01 lots with FXDD and have profit of $150 since 6-24-10. I am using the following setting:
.01 lots
45 take profit
31 pipstarter
1.7 booster
max buys = 10
max sells = 10
allow stops loss = false
start hour = 0
stop hour = 0
start trading day = 0
end trading day = 7
stoplosspct = 100
takeprofitpct = 100
support ecn = false
masshedge = false
Everything else is default.
Good luck guys!
How I can get to VIP section? How I can view admin settings for this EA? I test now standard and hybrid settings on 2.2 version without massive hedge.
i bought that FH …tried all sets that posted here in fourm .. still couldn`t find 1 good set which give me good result
P.S : Using Fxpro Broker
so any hints ?
Hello to all traders here…
I know everyone is looking at the Admins Results and wants profits equal to his account.
1. Please take the time to read every post here on this forum, as almost every question is answered already.
There are a few members, that have done a good demo test on FH and have posted the results.
Please read and learn from experience of other members. Please read.
2. Dont expect to get the results from Admins account within a week, not even within a month. FH needs his time to do the trades and you have to learn patience.
3. Admins settings are the safest so far. I have done enough tests to confirm his settings.
4. Lot sizes: I have written about that one before also.
If you have a micro account, it is the best to start with $1,000 and go with
0,01Lot (Alpari)
0,3 – 0,5 Lot (FXOpen)
0,01 Lot (FXDD)
If you have less then $1,000 you have to make restictions on how many trades the EA can do. Ex. I have $500 and my EA trades max 4 trades buy & 4 trades sell and just at 1 currency pair.
If you have a standard account, it is the best to start with $10,000
5. I dont think this EA was designed to trade gold.
6. YOU are trading YOUR money, so please take the time and the responsability for your money. Read the comments, read forexhacked.com, use google.
And look at every statement (MT4Stats or MT4LIVE) that you find and try to discover the magic numbers.
Every person has his own preferences and you will find yours if you do a good research.
7. My preferences are:
– best performing pairs:
UsdGbp
EurJpy
UsdGbp & EurJpy
EurJpy & NzdUsd
– Broker: Alpari Micro & FXOpen Micro
– Settings: like Admins settings
Cheers & happy trading
JayJay
I want to know why 0.3-0.5 to openforex.and 0.01 to alpari. best regards durne gavril from Romania
Great advice and input, thank you. Please clarify the followings for me:
1. Admin settings are the VIP settings or default settings? I know that default begins with 170, 132, 2.3 and VIP 45,31,1.7.
2. I am tempted to go with Alpari US because I’m in the US. But is Alpari (UK) better?
Jacobsl
Alpari usa only gives you 1:100 margin and I think you need at least 1:400 and Alpari UK doesn’t accept US clients unless your licensed with the NFA. So i think we are stuck with FXOPEN but not a bad choice.
Thanks for the info Jmh2008. It really helps!
hello there .. i was wondering what the last set on forexhacked ? and could it work on fx pro trader ?
P.S: FXPRO dose not have Micro trades
so want to know if it`s good to trade on it ?
Does anybody know who to run FH simultaneously on 2 separate MT4 accounts
With different account numbers? When I try to do this I get an error message because the new account number is not registered with the ForexHacked.com members section and I have noticed people running 2 to 3 demos with 1 FH License. Any advice would be appreciated.
My demo account 50,000 default settings
http://jmh2008.mt4stats.com/
good morning
what’s parameter FH for gold?
thank you
@Admin, I’ll ask you, since my last two posts got zero replies from the rest of the community here…in demoing FH at Alpari UK, I found that I, as an American resident, would have to use Alpari US. I have MASS HEDGING already set as false. The FH site talks about using a NON-NFA-regulated broker. Am I okay to use Alpari US – or not? If not, for what reason(s)?
Thanks…
Andy
You can’t use any NFA regulated broker since they do not allow hedging. That rules out most USA brokers. Just go with any offshore broker no matter if you trade an EA or a manual system. NFA brokers deserve to be put out of business because their rules screw retail forex traders. I have a demo with IamFX even though they are in the US, but they are an ECN and ECNs and I think STPs (in the pure form) are not members of the NFA since they really aren’t brokers because they only provide traders with the network with which to trade, they are not market makers.
Make damn sure that you run the hell out of this on demo, at least for a couple of months, because of the high drawdowns with open trades. Right now, i am losing a little over $1000 and my account is a little under $2000. I’m thinking of starting an account for this coming week with $2000, but setting the lots setting to the setting for a 1k account (0.01 lots). This way, I think I will be a little better off. I am using the original settings from this site (35pt target) and trading GBP and JPY, but think starting next week I will change from the JPY to the EUR/JPY.
You don’t trade gold with this unless you can find the parameters for yourself. This is supposed to only be run on the currencies mentioned on the FH website because it has been optimized only for those currencies. If you use it on any other instrument, you are doing this at your own risk.
2010.06.25 12:27:34 ForexHacked22a EURUSD,H1: invalid ticket for OrderModify function
What does this mean? What I would have to change?
What settings do you recommend for 1000PLN (300$) micro account? Pipstarts,buster,laverage of account….
Marty,
Did you take a loss on EURJPY or USDJPY? The reason I ask is because EURJPY has been performing well for me. I have only been running it a couple days though. That is the only pair I am running it on.
Why are Jimmy’s comments Blue like the admin’s?
Hi,
Admin, i have an account at alpari.ru
Can i use FH there?
Thanks
hi Admin, what do you mean by double take out? Is there a setting somewhere in FH? cheers mate’! 😀
Well I pulled the plug on FH last night. After several negative trades, losing roughly $500.00 from my micro account (which is actually only $5.00).
I was trading EURJPY and USDJPY.
Which currency pairs seem to be the most stable for running FH on?
Opinions please. Would it be better to run two pairs that aren’t correlated?
Thanks for fixing the comments so newer comments are on top.
@dominik ? We need information from you, what is it for an account? Micro, mini ? Which lot size do you use? I think you have the wrong lot size.
@admin, what’s up with the discussion board? Every time I looking here, I have to click “newer comments” ! Why its not start at the last comment??
I am working on adding some features to the comments so make these a little more fluid. I will revert them back shortly.
I have changed the settings on the live account…
Starting lot size raised from 0.3 up to 0.7 and booster reduced from 1.7 to 1.5. My plan with these changes is to try to profit more on these smaller trades and sacrifice a bit when a chain of 6+ trades opens up.
Please note this is a micro account at fxopen with 1:500 leverage hence my high starting lot size. I would not recommend starting anywhere near 0.7 lots on on 1:100 leverage as that would be very dangerous.
admin
on your FH 2.2, I take that everything else is on default. Are you still using all four pairs?
Duh, never mind the currency pairs.
Hi, if I subscribe to the feed does that make me a member? If I click “Become A FREE Bronze Member” then the result is: “Nothing Found
There are currently no posts in this section, please check back again later.”
Please give instructions on how to become a VIP member.
Thanks
I’m getting great results running with the original VIP settings on the Pound and Yen. PipBrains is doing well with the low risk settings. My $1000 demo was all but wiped out last week. I will probably test this on demo for at least a month for both EAs, possibly two. I have this question for Admin about trading live accounts: I know you are a proponent of siphoning off profit off from at least FH because of the drawdown issues. I was thinking if I have a live account that is running as well as the demo I have been running for the last two weeks (no incredibly high drawdowns), I would probably withdraw the principle after 200% increase. Then I would let it run so I could get the benefit of compounding. I was wondering how big I should allow the account to get before reducing its size and possibly opening another smaller account? I’m asking this question because I know that with a large account size, and with the Martingale properties of this EA, that the lot sizes can get quite large and I would be concerned about trade execution; getting delayed fills or only partial fills. What do you think the max for a FH live account should be? $50,000? $100,000? I know I’m putting the cart in front of the horse at this point since I have only been trading a demo for two weeks. I just have high hopes for this EA and I’m trying to think ahead. I plan on trading on IamFX since I am using their demo now.
Thanks.
I got a “zero divide” error in the Experts Tab on my trade. FH has not traded since. Anyone familiar with this issue? Please help.
Jacobs
thanks marty
Hello,
I just purchased the robot… Just wondering how i can get the optimal settings as their seems no way to sign up as a VIP…Thanks
Anyone managed to purchase FH? I have been trying for 2 days without success. It shows that my information cannot be verified. The support from Reg was unable to find out why too.
I have an account with FXDD/Malta. Is their a problem with FXDD?
Hello,
You are doing a good job, keep the ball rolling. I just purchase the Forex Hacked via your link. How do i subscribe to VIP section to access your settings.
Regards
please help with my problem on email im beginner on forex
http://2i.cz/d9eac1eb38
please help me :/
what time frame u recommend H1 or M30
It’s recommended to use H1, but I’m not sure if it matters with FH.
Solo, to answer your questions..
#1 Yes, Forex Hacked is a set it up and leave it alone system. I check my MT4 platforms several times a day though, just out of curiosity, but I don’t sit there and sweat.
#2 Yes, you have to leave your computer on, or find a VPS (Virtual Private Server). A VPS is like having a computer that’s connected 24/7 to the internet. It has it’s own desktop etc and you can run several programs at once. I use http://www.nycvps.com/ for my VPS. They offer a 1 month free use of service through PayPal. When you go to sign up, it’ll say $0.00. After the first month, they’ll charge you $39.95 a month thereafter.
What I suggest is you demo test Forex Hacked through your computer for at least 2 maybe 3 weeks. Once you are comfortable with everything, sign up for a micro account or a standard account, and go through the process of getting verified. Once that is done, then head on over to nycvp and sign up for your free VPS for 1 month. Fund your forex account, and get everything set up on your VPS and get ready to roll in the cash.
#3 Not sure about this one, usually I don’t check my MT4 platforms all that often. What you can do is set up a free statement publisher and access that website via a cell phone. I use http://www.mt4alert.com for that.
If you have any more questions, feel free to email me at johnuo@live.com. May make it easier and quicker to communicate.
Well I finally took the plunge and started a live account.
http://windsorftw.mt4alert.com/
I’m trading two pairs, USD/JPY and EUR/JPY on a live micro account from FXOpen. Initial deposit of $100.00 (they take off $4.00 for processing fees) so I actually started with 97.00 (they add $1.00 for initial deposit)! As this is a micro account, $100 is like having $10,000 on metatrader, so divide everything by 100 to get the actual balance and equity levels.
Admin
I am running FH on a live account and it was running fine last week, but as of today (Sunday) it is saying access denied all of the sudden. I downloaded the version that is suppose to fix this but still it is say access denied. I just don’t know why all of the sudden it would do that when it was working just fine before on live account. Do you have any suggestions?? I am wanting to get this up and running again asap. Thanks
Hello all!
I’m new to everything forex. Didn’t even know it existed. Have been reading all of your comments and advise and feel this is where I want to be. I have three questions: #1. Is ForexHacked a “set it and walk away” software system? Because I don’t want to have to monitor all the time. #2. Do I have to leave my computer on all the time or is there a way to use THEIR server so I can turn my computer off? And #3. (drumrole please)…Can I use a “mobile device” to access my ForexHacked account & charts? eg. i-phone, smart-phone etc.? Thanks in advance and looking forward to learning from you all more.
Welcome Solo:
#1: Forex Hacked is an Expert Advisor (EA) better known as forex robot. Once you get it working properly, it is “a set and forget system”. But occasionally, you may need to check up on it to monitor it for large drawdowns(i.e. losses). It is a VERY profitable EA. But it is also VERY dangerous. It can double your account in just a week or two. Yet, it can wipe off all you have in it in a split of a second.
#2: There are two ways for you to handle this part: 1) You can either monitor your trades from your home computer or 2) sign up for a VPS service. If you decide to monitor your account from your home computer, then it needs to be on at least six days a week (Sun-Fri).
If leaving your computer on will pose a challenge to your trading style, then choose any of the brokers that offer free VPS service. That way, your MT4 platform can be accessed online and from anywhere; and you don’t have to leave your computer on forever. An example of such brokers is IamFX. You can check them out.
#3: Yes, you can access your trade from your phone as long as it is equipped with the right software to accomplish this task.
parameter for gold?
Thank you for this site. I have been following FH and lately PB with interest. I notice that PB didn’t take long to run into difficulties and he has closed all his trades just before closing.
However FH, an EA that has potentially such a high rate of return it has a reasonably long track record. So what is the general feeling of its usefulness over the medium term. Can its downsides eg martingale, be managed and still sleep at night. Using the double strategy have some people been able to multiply their money many times over.
Admin – has the demo account at the top of the page, which is very impressive, had trades manually closed with a big DD or has the set up been the same since its inception? Are you confident that the owners of FH will continue to support it if it gets into difficulties?
I’m just wanting to get a sense of the best use for Forex Hacked
Thanks
Yes pipbrains has some issues to fix, lets hope 1.1 has done that.
As for my forex hacked demo, no I have never manually closed any trades on it. Forex hacked support has been very lack luster lately , 3-5 day wait for a reply and there hasn’t been a new version since like 2009. Although 2.2 does work great, the mass hedging still doesn’t work properly although I don’t think I would ever use it.
What are the two best pairs to run FH on? I’m currently using USD/JPY but I’d like another pair that is doing well. Any suggestions? Thanks.
Admin, I’ve been running ForexHacked now on demo since 06/10. I started with a $1,000 demo on 1:100 and box settings.
Balance is $2,461.48
Equity is 857.63
Free Margin is 145.49
Margin Level is 120.43%
Open trades is (-1,603.85)
Now, my question is, if this we’re a “live account” would I be able to withdraw $1,000 dollars on my account for equity protection, just like you guys are suggesting?
Most brokers don’t allow withdrawing money with any open orders. By box settings you mean the high TP and Pipstarter? You should try the settings I am running with 31ps and 45tp.
@Admin
What happened to this message board?
it shows the older comments first,
the sorting last week was showing newer comments first.
It is kinda frustrating to go thru all the pages until you reach the newer comments.
Thanks
I am working on a new commenting system to make the discussion easier to follow. I added the ability to reply to certain peoples comments instead of having to use the @Name and the comment will be nested right under.
I am still working on adding pages.
Maree,
I am now trying AUDCAD on H1 chart with your settings. I will let you know how it works out for me. Do you trade FH on any other pair?
I was running a demo account at Alpari UK. Woke up this morning to find that the smiley face on the EA had changed to a “X” and I can’t seem to get the EA running again. Any suggestions?
Andy
well my dar fxcm is safe, i use it too but just know that after opening the first trade the next trade will be 0.2, 0.3 and so on they dont permit things like 0.17
Admin: I wonder if you will consider adding a news flash to your VIP page warning traders of impendng hign impact economic news. We’ve all seen the devastation that some of the economic news can do to trades. I am talking about the real market shakers among the economic news, not all of them. This will allow many of us to take protective actions on our trading accounts before the news hit. I hope I am not asking for too much. This forum has helped me and many others, such an addition will simply add another strip to your success.
Jacobsl
@Jacobs
That’s a great idea Jacobs, I will certainly look into having something like that implemented.
thx, with a micro account max open position is 2. Is it possible to change it?
ALPARI account size:
100$ – 10.000$ I would go for a microaccount
10.000$ and more I would go for a classic account.
I have done a lot of Research & Demo and the above mentioned is the way I would feel safe.
Sure, everyone has his own mind and his own settings.
You can go ahead and play with big lots, with a low Pipstarter…..
You might experience some huge wins on a normal day, but on the other day with a stronger trend you might blast your account within hours.
and after all the testing I did, I came to the conclusion, that the Admin-Settings isn’t a get rich quick sheme, but it is very safe and successfull.
@Jacobsl
Thanks mate I appreciate your input. I am looking at changing to maybe 2 micro accounts and see if I can get 1:500 from the broker, I know they do 1:200 but will try for more.
Im about to open a live account on Alpari, will Fh work better on Classic or micro account, and is it possible to open more than 2 trades on micro account?
@Pascal: Yes, I found out from JayJay that I could install FxOpen if I avoid downloading the depth monitoring module. I will start a new demo (or even live) with FxOpen (or Alpari). Thanks to you both.
@Grant: JayJay, Pascal, Andrew7, etc, have expressed that a mini account of that size is very risky and they are right. They have suggested a micro account instead and you can change your lot size to mimic the results on a mini account and protect your investment at the same time. Another advantage is you can set your lot size to the minimum when big economic news are expected, and switch back up when is all over. I have experience in demoing a $1000 mini with FXCM on EURUSD. As you know, EURUSD has the most volatility; I saw how FH more than doubled my deposit in four days! But I also saw the big drawdowns when the market shakers happened; one demo crashed completely but the other survived. If you plan to stay with the mini account on FXCM, I will suggest you play with the MassHedge parameter and the MaxBuy/Sell Orders parameter before you go live. It all depends on your risk tolerance. Generally, a micro account will be safer for your deposit in my own opinion.
Admin, can you please post the setting for you demo and active account. For some reason, I can’t get into the VIP section. Thanks.
Maree,
On your AUDCAD demo are you using the default settings?
I too have started a demo with AUD/CAD. I looked it over and it seems quite stable. So far my USD/JPY testing is kicking my GBP/USD accounts rear ends. If AUD/CAD can perform as good as USD/JPY I’m going to have to add it to my live account once I build up my balance a bit more!
@Admin
Hi I have a question about accounts.
I have opened a live mini account with FXCM I deposited $2000 at 1:200 and the smallest lot size is 0.1. Could you tell me if this is risky and if so what I should look at doing please.
Anyone else can answer as well. Thanks in advance.
I have been demoing Forex Hacked on FXCM and FXOPEN. Best demo has been two pairs only – GBPUSD and EURJPY, for both brokers. The results in almost a month’s time – both were positive, but FXOPEN absolutely BLEW AWAY the FXCM demo. The problem – I feel completely safe with FXCM and have read a LOT of bad stuff on FXOPEN. Excellent demo or not, it’s worthless if I am dealing with a broker that I have to worry about on a daily basis.
Am I worried needlessly? I think it would behoove me to demo at another couple of brokers that are REPUTABLE and I CAN TRUST 100% where SUPPORT=ECN is TRUE. Can I get some feedback / suggestions? I hate to not use FXOPEN (demo up about 247% in less than 4 weeks!) – but again, if I have to worry about them, my deposits / withdrawals, etc., it’s not worth it to me.
Thanks…
Andy
JayJay:
Thanks a lot. I sure don’t need the depth monitoring for now.
Jacobsl
Jacobsl
Step 2 is optional, so I have never installed market depth monitoring.
(that is just a tool for manual trading)
I can’t help you with that error, since it seems to come from “Framework”
I would go for Step 1, 3, 4, 5
As for Alpari, there might be some restrictions for different countries opening a live account. But those guys at Alpari will sort that out, when you open a live accout.
JayJay and Pascal:
Both of you seem to be doing quite well with your micro accounts. I got an error (“cannot find window class”) on the second step in the procedure to open a micro account with FxOpen:
1.Download FXOpen MT4 ECN Trading Terminal
2.Download and install the market depth monitoring application
(.NET Framework 3.5 Service pack 1 is required)
3.Start FXOpen MT4 ECN Trading Terminal and Market Depth Application on your PC
4.Go to File/Open an Account, fill in the form and press “Next”
5.Choose FXOpen-ECN Demo server and press “Next”.
Do you know what could be missing from my operating system?
Also, if I decide to use Alpari, does it matter if it is Alpari for US or for UK?
Jacobsl
Hi there,
I have been playing withFH now for a few weeks. I have started a Demo account recently and it really suffered over the last 24 hours. How are people coping with drawdown and very volatile maket moves? Is this something that the maxbuy & sell can control? or do these bots trade best when markets are relatively benign? Appreciate the work on this site.
Steve:
I saw your note on your demo with FXCM and the response from Pascal. I have a mini demo with FXCM too, is your account mini or micro? I have seen additional trades going from .20, .30, .50 and even .80! Do you know what parameter to change to limit the multiplicity?
Jacobsl
Admin,
Hi, could you please indicate which broker you are using for the account with the pairs, GBP/USD and EUR/JPY?
Thanks for this very good site
Cass
@Cass
Alpari UK.
What broker(s) do you used for these two accounts?
http://fbihackedlive2.mt4stats.com/
http://fbiforexhacked.mt4stats.com/
thanks
FxZapper aka XBars trades well on this forward test http://www.mt4i.com/users/fxzapper-bfr. GBPUSD most profit, USDJPY second place, and EURUSD, EURJPY broke even. What do you of covering it with a review?
if any of you can tell me what happened, i’m running 3 live account fxopen since last thursday, all 2.2 fh , all same settings, acc no.1 : 10 open positions currently, acc no 2. 9 open positions, acc no.3 : 1 open position. the acc no.3 somehow drop all the losing positions at nearer TP, and got the balance reduced, but very safe as compare to my first account, and it matches the one from forexfbi demo, which has all the ‘down’ spike, yet, curve is going up. before this i guess its the problem with the broker.. and then now i realise that the EA is doing different thing on different accounts.
Well I guess I miss understod that setting, didnt realize that was a hedging setting, ive noticed that fh on my account has stopped avaraging down after 6 positions and would require a larger pull back to close trades, which I fear may not happen. Is this normal?
To Admin, may I ask what is your “TradesDeep” setting for VIP settings?, as its stated to set to default, which mine is 5, however after looking at you stats, ive seen as much as 7. Is this because im running version 2.2? Ta..
@KnoZ
I don’t use the mass hedging so the tradesDeep setting is completely irrelevant.
@Will
$400 micro account with 1:500? I would stick with just 1 currency pair and run the settings im running on both demo and live now with 31 PS and 45 TP.
Hi Admin, please suggest settings for me to use on my $400 account.
Also need to know best way to eliminate or at least minimise drawdown.
(Is hedging out of testing yet?)
regards, Will
@admin
I agree. I’ll go with AP instead. Too many problems with LR and I don’t trust it.
Well after doing further research for funding with FXopen, I found out that they are currently not accepting any deposits with either Liberty Reserve nor cGold due to technical problems. Only withdrawals can be made. I figured I’d delve deep into this subject considering that FXopen seems to be the preferred broker and all and it’s just as important in receiving your money. That’s really the meat and potatoes of it all when it comes down to it. I think I’ll fund mine by Alert Pay and stay away from Liberty Reserve. I hear AP is kinda slow but at least I can receive my money without all the hassle. I wish they used PayPal but it’s the next best option for now I hope.
@Joe
Alertpay is a great system, just like paypal.
I don’t think this has been brought up yet but what is the recommended or preferred method of funding at FXOpen for deposit/withdraws? Webmoney, Liberty Reserve, Wire Transfer, etc. I’m interested in opening a live acct. with them but I’m still undecided on the type of funding method. I researched Liberty Reserve and heard some pretty bad things that happened with them in the past and sounds too risky to use. I’m thinking of using webmoney instead. Anyone have any thoughts on this one?
@ Chad,
i will keep watch on my lots and equity.
i will be using the forexfbi vip settings on my micro account.
hai guys,,my name is nik and i’m interested to purchase FH and use for live account lite forex..says if i’m intent to start with 500 usd,,pls advise me what currency pair shall i applied and what settings and leverage shall i use ?
If anyone willing to help me please add me to msn on deankenny21@hotmail.co.uk can chat settings etc thanks