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.
I would really appreciate if someone could tell me how to rigister in the VIP section. When I go to the VIP section there are no further steps or instruction to register.
samsam@batelco.com.bh
Sam
Hi,
I already subscribe your newsletter.
i´m realllly a newbie because i started study a little these things about a week.
Question:
1 – To start i only have $100 to invest. So with so lower budget which forex Robot you advise me? Of course i will have the money to buy the robot too.
Note: Of course with this small budget i won´t expect higher profits, only win a few dollars to start and to learn. My main concern is NOT TO LOOSE MY MONEY!
Thanks in advance,
Paulo
Does anyone know which broker this EA is being run and at what leverage? I am referring to the first MT4 stats running GU and EJ. The second one apparently shows FX Open.
Thanks.
does any one run FH on two live accounts from same computer? I have trouble to make the second one working properly because the second FH alway close the order immediately after opening it. the first works ok. i have two licenses for FH. Each one runs on a different live account with Alpari UK on a different MT4.
The last version of FH apparently dont have a bigger drawdowns…..more stable performance??
Thanks.
I would like to apply the Forex FBI settings to my new Forex Hacked but I don’t see how to retrieve them from the FBI site.
Any ideas?
Directly underneath the first MT4Stats preview box at the top of this page, you will see “Custom Forex Hacked Settings (Join the VIP section to gain access to them)”. Click on “Join the VIP” . Enter your details when it asks for them and you will be granted access to the VIP section. You will find the Hacked demo and live settings on the VIP page at the top. Hope that helps.
I found the FBI settings. The pass word was in my e-mail file.
I talked to my US broker Forex.com and they are not an ECN nor does the new law allow hedging so I ask him about offshore brokers. He said I could use them but be careful because they are not regulated. I say “Good” and have set up a demo account with FXOpen and my demo account made $1,600 last night on the big EURUSD move and my US demo lost $6.
The US loss was with a different EA not FH.
Grant – what lot size and pairs are you running?
On my demo, I use 0.1 Mini and on the live I use 0.01 Micro.
Hello fellow Forexers!
Can anyone help me to understand the difference between a Live “Micro” acct. and a Live “Standard” acct.?
Also, how does Forex Hacked prevent unscrupulous brokers from tampering with the spreads?
Thank you in advance for your reply.
Hello everyone,
I have 2 questions I’m hoping someone can answer.
1. I have been running Hacked on a demo account with success. But what I would like to do, to keep my risk down, is have MT4 close all open orders when my equity reaches a certain predetermined amount. Can MT4 be programmed to do something like that? The reason for doing this is based on the suggestion of many to exit all open trades when the equity reaches the level you want it to (without being greedy) and the p/l is at a respectable level, withdraw profit and start over. I like this strategy but want to test it minus the part about taking out the profit. Basically just starting it over fresh, including the profit.
2. What is the best broker to run Hacked on a live account? I’m using Think Forex with my demo and having good results. Just want to make sure Hacked works well with them live as well.
Thanks very much for your help,
Beau
PS – Reny4jah – I’ve sent you an email.
I just found the answer to my first question. I was able to locate an EA called Awoo Management. You can set the ea to close all open orders based on either a percentage or dollar increase in the equity. Once it closes the open orders, it resets automatically when the first order is placed again, using the same percentage or dollar amount but based on the new balance.
I also received the answer to my second question. Thanks very much to Reny4Jah!
Beau
Dear ForexFBI Admin,
Thank you for your excellent settings for Forex Hacked!
I tested your settings on forex hacked demo account and it’s been doing great (about 10% by day 3).
One thing to note, I noticed you have two settings: one for demo and one for live. What do you need to have another different settings for the live account? Mind to share if there’s any difference?
Cheers!
Do any of you knows what happens with the members login page? It does not work properly. I want to move the FH to other account and I can´t do it. Any ideas?
@ Elliot:
It is not clear what connection loggin on to the members’ forum has with moving FH “to other account” of yours. I am not sure the VIP forum contains information on how to accomplish the task of moving the EA from one account to another.
What it does contain, however, are the settings for both live and demo accounts. If these are what you are looking for, I suggest you sift through your box to find the mail you received from ForexFBI when you first registered as a VIP member. In it, you will find the password necessary to log on. If you finally find it, I suggest you type the password in rather than copying and pasting it. It works for me better that way.
Hope this helps.
Cheers,
Reny.
reny4forex@yahoo.com
FH members area is now back online…
Hi all. I started a demo account, 10.000$, Leverage 200:1, TP=35, Booster=1.65, Pipstarter=21, MaxBuys/Sells=10. In 24 hours, I´m 5,78% up, floating P/L= -30$… Start with 0.1 lots, since now max lots = 0.7, max DD= -6.87 %……. Only GBP/USD and USD/JPY. Incredible results but let´s wait a bit more.
Will post my results this week.
Help! Can anyone advise what leverage is applied to the forexhacked4 account on forexhacked website. It appears to have the settings tp=45, ps=31, b=1.7 but this setting on 500:1 does not make $0.01 per pip. Most Appreciated especially if you can explain the calcs. Cheers
@ AJ:
It is not clear which account you are referring to: There are about 8 results displayed on Forex Hacked’s site. Whether they are real live or demo accounts, there is no way to verify nor is there anyway to say with an uncanny accuracy what leverage those accounts are operated on.
But if you are enthralled with knowing what leverage those accounts are operating with, I suggest you read the FAQ section on the same site. There, you will find the suggested leverages for different account sizes. The underlying assumption here is that the owners of the accounts did follow the given instructions to the letter, which we all know is not always the case especially with Forex Hacked’s nonexistent customer service.
If I were you, I will give a serious thought to my account size, broker’s choice, appropriate settings and the necessary leverage that will positively impact my account.
The explanation of how the leverage, TP, PS and Booster are connected in the case of Forex Hacked is beyond the scope of this discussion at this time. You may shoot me an email if you want to piece together the puzzle with a burning desire. I’ll do my best to demystify those gray areas for you to be in the know regarding Forex Hacked’s modus operandi.
Cheers,
Reny.
reny4forex@yahoo.com
FX Open is fine to continue to run forex hacked. Another decent broker is liteforex to run small balances on. Both will continue to accept us clients
“invalid ticket for OrderModify function”
What does this mean?
What I would have to change?
I had this problem I had set the minimum order size too small for the broker to accept
does anyone know how we will be able to use forex hacked ea in the US with the dodd/frank crap that has passed. Please let me know if u have a solution. I was with iamfx but they will no longer accept us client do to the new law starting oct. 15th
If anyone can help i would be very thankful!
@ Jeremy:
Thank your star. Running Forex Hacked on a live account at IamFX is a pure risk since the minimum lot is 0.05. It will just be a matter of time before it blows your account up. So, you should be grateful to God that you didn’t run Forex Hacked on a live account with this broker before Dodd-Frank’s crap showed them the exit.
It is weird in the sense that if you’re running a demo with IamFx, 0.01 lot will be available. Go live, and the story will be completely different. In case you are wondering, I had a live account with IamFX before they were sent packing. They wanted to transfer my account to GAINS Capital (a dealing desk broker) before I filed for a complete withdrawal.
Just for you to know: you don’t need to be tied to that draconian bill to find yourself a good offshore broker. In case you need assistance in this regard, don’t hesitate to shoot me an email.
Have a pips-filled week.
Cheers,
Reny.
Hello all!
I’m brand new to forex. Went to the VIP section and obtained both the suggested Live Micro Account Settings as well as the Demo Account Settings.
My question so far is, What is a Micro Acct. vs. a Standard Acct.? How are they different?
Thank you in advance for your reply.
The problem is that the same EA, same settings, will provide different results on different brokers MT4, and within the same broker, it will be different on a live account, then on the demo, so you have to take a chance, and try it with low lot size, on live. I have mixed results on live so far, but have to keep changing the settings and pairs.
HI
Someone can help me out with the FH setting here is :
iStopLoss?
Stop Minute ?
Trend Trigger?
Trend Pips?
Trend Stoploss?
Pause New Trade (false or true)?
StoppeOutPause?
Your help is appreciated!
Hello:
In your experience:
If I start with 1.000 $ what is the minimun return with the minimun risk parameters?.
I mean Lost = 0.01 and Booster = 1.68 for example. All currencies pairs.
Thanks. I really appreciate your answer.
Kind regards.
Hello:
I’d like understand better how wors the Booster parameter.
If I set Lots = 0.1 and Booster = 1.5 what is the exactly calculation for open positions?.
I really appreciate your support.
Kind Regards.
One thing I notice while currently running this on a demo account.
I’ve been getting the following errors in my MT4 Journal:
“ForexHacked23 USDCHF,H1: invalid ticket for OrderModify function”
“ForexHacked23 EURUSD,H1: invalid ticket for OrderModify function”
The message seems to appear every 30 seconds or so.
I set both pairs to use the scalping settings that are in the “Different Settings.txt” file that came with the ZIP package. The program did a few low yield but profitable scalping trades on the USDCHF until I re-dropped the EA on both pairs and set the lot size from .01 to .10. Once I did, it hasn’t touched either, and I think that’s when the errors started to occur.
I’m running version 2.3 with 200:1 leverage on a $500 deposit to mimic what my real account would look like. I’ve only been running this 3 days.
Put the lots setting and 0.1 instead of 0.01 and it will work
Hello,
Is this EA safe to use with a $500 trading account using a 1:100 leverage – one currency pair and .01 lot using default settings?
Thanks.
@Vh:
The only way for you to tell if that will work or not with the account is to run a parallel demo that mimics the live account.
Cheers,
Reny.
reny4forex@yahoo.com
Most demo accounts on MT4 start with $3,000 dollar starting fund. How do I create a $500 demo account ?
Thanks.
@Vh:
After selecting your leverage, you could highlight whatever # is in the deposit field and type 500 over it, check the “I agree” box and hit “Next” to complete the account set-up. There you go. Your demo account is ready for testing.
Hope this hint helps.
Cheers,
Reny.
reny4forex@yahoo.com
Breaking News:
If you are a US based forex trader, then by all means, read this.
On or after 10/18/2010, the new NFA rules may go into effect. These rules will have the following effects on you and your account according to my reliable sources:
1. We we no longer be allowed to have accounts with brokers located outside the US. No more offshore accounts for us. Period. We can only open accounts with ONLY US-based brokers.
What if you already have an account with an offshore broker? Well, either you prepare now to switch to a local broker by transferring your funds or you wait for the broker to close all your open positions for you on the said date and hand your balance over to you.
What if neither the broker nor you are prepared to take the hard pill of parting ways?
My reliable sources revealed that your accounts will be frozen and the said broker will be heavily fined. Please note that you will not be notified before your accounts are frozen. You will be informed after the accounts are congealed at which time you could kiss your money good bye.
2. The leverage will also change. For about 6 of the major pairs, the new leverage will be 1:50 while for others it will be 1:20.
For those of us enamored towards Forex Hacked and are using offshore brokers, it may be a good idea to start scouting for a new home for this EA within the US. Please use caution in the selection of your brokers as Forex Hacked is leverage and lot sensitive.
One of our founding fathers once said “the tree of liberty must be constantly wet with the blood of patriots and tyrrants”. If you’re a patriot, they are not asking for your blood at the moment. What they are asking for is your sweat, your money, your offshore account and the liberty to make your choice as a free moral and rational being. Are you prepared for these changes? You should whether you like it or not!
Cheers,
Reny.
reny4forex@yahoo.com
since i live in usa. i cant use forexhacked anymore unless i find a reliable us based broker that use leverage 1:500 and lots 0.01. I will post a broker here but we need to do demo test first before we go live. always do test.
thanks for the news, Reny4jah
I contacted fxopen and they assured me that all of my accounts with them will be safe. I told them that I am in the US, that I heard that the new NFA regulations would ban me from trading with fxopen because they are a offshore dealer. They said that this is not true and that I will be able to use my accounts with no problem. I have documented the chat sessions.
@Greplay:
Thanks for that fine input. I’ll personally go over the CFTC regulations and analyze its content. I’ll post my findings thereafter. God knows, I hate many of these US brokers. FH and other EAs I’ve used on many of their platforms don’t produce good results.
If after 10/18 we can carry out our daily businesses without any regulatory body hemming us in, that in itself is good news. We’ll patiently wait for the unfolding events connected to Dodd-Frank Bill to dictate the directions we’ll follow.
Cheers,
Reny.
reny4forex@yahoo.com
A few simple questions.
Do these settings work with the 2.3 version?
What pairs would work on a 100$ fxdd malta account?
Thanks
TO RICHRICHIE
Hi, are you still using settings 20TP, 45PS 3B on EUR/JPY?? or is better the 100TP, 80PS 1,65B?? can you send me your statement?
Thank you
walter
thinking of buying this system are you guys still having good results ? ???
would this EA work well alongside Megadroid ?
im still getting good results with forexhacked.
in fxopen so far and doing a demo test with http://www.gomarketsaus.com/
here is my demo mt4stats with gomarkets,
http://rogeliovela11.mt4stats.com/
from i heard. it wont very work with a another forex EA. since if u use two forex EAs at the same time. both can damage your forex account.
hi, really great to see your results, can you tell me what settings you use. One more thing that I have noticed with testing it on demo a/c is that it fares badly on news days…is there anyway we can avoid news days…
Looking forward to which pair you trade and your settings.
Thank you
@ Roger hi, really great to see your results, can you tell me what settings you use. One more thing that I have noticed with testing it on demo a/c is that it fares badly on news days…is there anyway we can avoid news days…
Looking forward to which pair you trade and your settings.
Thank you
im using the default forexfbi vip settings. u might get access when u go to forexfbi and it has a window box on getting access on free forex EAs. if u see that., then signup and wait till forexfbi email u your access.
two pairs im using is usdhchf and gbpusd. but it is your choice. those pairs works well and recommend by forexhacked installation guide and forexhacked FAQs.
the setting on endingtradeday- 4
lots- 0.01 depends on your broker.
that means it stop trading on Friday. so it wont have any open trades in Friday and won’t have problems on the next trading day which is Monday.
Could you share your settings as I have the EA but don’t get the results in my demo account? I want to have the positive results before I go live.
Which currency pair are you trading?
@ Dan:
Forex Megadroid (FM) is a low frequency Asian Scalper (although some may disagree because of its H1 timeframe) that trades EURUSD (Except if you use the pro version). It contains two modes: Aggressive and Conservative. Go aggressive and you’ll put much of your account at risk while increasing your profit potential. Go conservative and the negation will be true.
With the Recovery Mode turned on, when FM loses, it doubles its lot size in its next opened trade to recoup the loss it incurred.
In contrast, however, Forex Hacked (FH) is a high frequency, martingale-laden robot that trades multi-currencies, EURUSD included. Its strength and weakness lie in its booster power with which it multiplies its bets (lot sizes). The more the lot size, the more the risk and the more the profit potential.
The background knowledge of these two robots is essential for you to understand why they could or could not be compatible when asked to run on the same account.
At the point, we are in good company to ask: What is the risk in running both of them on the same account?
To answer, let’s assume you’re running both on the same currency pair they have in common, EURUSD. Let’s assume that the maximum lot size your account balance can allow you to open is 3 lots. Let’s assume that just before the Asian session, the total number of lots FH has opened is 2.4 lots. If you go aggressive with FM and it opens a lot size of 0.5. The balance left will only allow you to open a 0.10 lot and in a market with a strong trend, your account will easily get blown up.
But if you have an excellent appetite for risks, then here’s my advice:
***Avoid trading FH on EURUSD and retain this pair for only FM. Interestingly, FM trades only 3 or 4 times a week.
***Go conservative with FM, that way, the robot will trade small lots with low risks.
***Make sure your account is big enough to accommodate FH’s strategy and FM’s recovery mode strategy.
***Do not go beyond two pairs with FH. (Trading 1 pair is the best option).
And to answer your question on whether FH works or not: The fact that FH’s forum is the most active of all the robots’ fora ForexFBI features is a testimony to its profit making potential. But do not be fooled. It can also add to your misery if not properly handled and managed.
Don’t just jump into buying FH without knowing its innerworkings. It helps to be armed with knowledge than to gamble in ignorance.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Admin
How can I use coupon code to purchase Forex Hacked?Thanks
@Jonjak:
Unless you are absolutely sure next time that ONLY Admin can answer your question, it is a good idea to direct your concerns to all members of the forum. Why? If Admin doesn’t have the time to answer your question or feels it has been answered over and over again, you will be stuck because nobody will pick up the ball.
OK, to your question:
Your discount code can be entered into a special field specifically meant for this on Regnow’s order page. Before you check out on your purchase, make sure you look closely, enter the code and the 15% discount will be applied to your purchase before everything goes through.
Have a pips-filled day.
Cheers,
Reny.
reny4forex@yahoo.com
hello every one, could any one help me to identify the safest settings?
@Seed:
Safest settings?
I am not sure anyone can answer your question without you providing other essentials like acount size, your broker and its minimum lot size as well as the leverage you’re operating your account on. Another is your own personal risk tolerance which no one can dictate to you. Unless these are present, the perfect settings for your account may elude us all.
Cheers,
Reny.
reny4forex@yahoo.com
Guys, how to order this forex hackers? It seem i enter my credit card for 3 times and yet still cannot go through. I try paypal also cannot. Do they have anything other webite which is more easier?
Thanks
@Jensen:
It is not clear why your order did not go through. A couple of things may be at play. You may have placed your order when the site was being maintained. In that case, you may have to try to replace your order some other time.
It could be that your credit card company declined the order because it fell out of your buying pattern. In that case, you may need to contact the company to allow the order to go through.
In addition, it may be that you did not enter the correct credit card number. Since you said you did this 3 times, it is difficult to believe you will make the same mistake 3 times. The fact that you also used your Paypal account and it didn’t work knocks out that argument. But it is not a wrong idea to check the number again and again.
Another reason is that you may have less than $169 balance on both the Paypal and the credit card accounts. In that case, you need to refill your accounts to give you enough money to complete the purchase.
Yet still another reason ( I hope not), if you are mistakenly using someone else’s credit card and the individual has cancelled the account without you knowing, the order will not go through no matter how hard you try. In that case, you may have to check the name again to make sure that it tallies with yours.
Those are just possible reasons the card may not be working. My advice is that you should try it again at different times. The only company FH’s vendor uses is Regnow. You cannot get it anywhere else except if you’re interested in buying a pirated copy. So the idea of looking for another website wherein you could complete your order may not be too far from a flash in the pan.
Hope those tips help. Have a pips-filled week.
Cheers,
Reny,
reny4forex@yahoo.com
Hi Everyone
Could someone tell me how can I contact FBI forex regarding to purchase settings for Forex Hacked? Thanks
@Jonjak:
For your information, ForexFBI’s Admin doesn’t sell his settings. However, you need to become a VIP member to have access to the settings of some of the robots he features.
But as a way to say ‘thank you’ for the services he renders, you may need to buy any robots he features through his link.
To become a VIP member, enter your name and email in the window that pops up whenever you first log on to the site and hit “Submit”. Check your email afterwards for the VIP password. I will advise you to type in the password rather than copy and paste it in the VIP’s log-in field. After completing these processes, you should have access to the settings you so much desire. Hope these hints help.
Cheers,
Reny
reny4forex@yahoo.com
started trading FOREX HAcked V2.3 on 08/11/2010 (Demo Account)
Initial Depost: $ 100,000.00
Closed Trades: $ 21,198.49
Balance: $ 121,198.49
Open Trades: $ 550.79 (-)
Equity: $ 120,747.70 (Net Profit: $ 20,747.70 as 9/17/2010)
Number Of Trades: 1017
Winners: 708 (69.62%)
Losers: 309 (30.38%)
Broker: Peregrine Financial Group
Time Frame: H1
Pairs Traded: EUR/USD, USD/CHF, USD/JPY, GBP/USD, AUD/USD
Hi Warren
Great results!
What is the settings do you use? Thanks
My micro acc is $250, 1:200, FBI settings, after 2 weeks is $570. When it reaches $2500 (lord´s will it happen) do I have to change .01 microlot to 0.1 microlot and keep the other settings the same? I´m kind of confuse. Or I have to keep the FBI Setting untoched? Thank´s.
Great results Elliot !
My $500 micro account lost $250 last week on just the usd/chf pair with 1pipfix brokerage! What pairs and broker are you using?
Most brokers automatically will change the mico account to standard account when your account reaches $2500 or $3000 and you will have to follow their stan account lot minimums (perhaps .1 lot) or change to their “mini account” with .1 lot min.. However you can request a second micro account from them especially if they do not offer a significant better spread in their standard account or offer smaller ecn spreads.
Always stay as conservative as possible so you can STAY IN THE GAME !! and avoid the dreaded margin call with a sudden large drawdown.
Best of Luck !
GBP/USD and FXDD Malta broker. $720.oo after 3 weeks now.
Good Luck.
Elliot.
Hi
MASS HEDGE FEATURE PROBLEM
How can I go 1000% sure the mass hedge feature will open me a position (in my case after 6 positions). Sometimes it works and sometimes it does not trigger the position in the opposite direction. I don’t know why. What do I have to pay attention for in order to go sure, the mass hegde feature will open positions? Is this a loading issue?
Kind regards,
Jakob
@Jacob:
The Mass Hedge function of Forex Hacked is a feature everyone has deftly avoided in this forum. The reason is obvious: Forex Hacked developers themselves are not sure how to manage this tool properly.
It is instructive to know that the users’ manual pointed out that the developers are “still working on optimized settings which incorporate the mass hedging.”
Translation? That function is not fully operational at this time because we have not fully understood its properties. The performance of the suggested settings (which you are asked to use at your discretion) for the Mass Hedge function was terrible when backtested. The scripting of the codes that employ this function is hence questionable and can therefore not be trusted.
At this juncture, it so begs the question: If the developers themselves are not sure the Mass Hedge feature is 100% functional and therefore trustable, how could anyone be sure it is 1000% workable? Think about this for a minute and you will understand why many have consistently considered this Mass Hedge tool as Forex Hacked’s radioactive millstone that must be avoided; at least for now until they figure out how it fully works and get the coding right.
Cheers,
Reny.
reny4forex@yahoo.com
Hello~ Andras
(: Pipstarter 7, T.Profit 8, Booster 1.75, max trades 15 )..your setting is very dangerous that i just try backtest with ur setting…..if big trend come out…ur account will burn…better u do backtest 1st…
hello everyone, sorry for bad english grammar. I tried a few settings but found only one working good yet. I set the one they sent in a letter called “scalper”, it’s easy: Pipstarter 7, T.Profit 8, Booster 1.75, max trades 15. Rest are default. So far so good. (it made 500 USD in the last three days), all the other setting seemed to be a struggle. I use fix lots: 0,1 (which goes up from time to time automaticaly).
wanderer, you are wonderfull!!!!!!!! What are you doing in this site???
im just telling that the answer is in previous posts.
Hi, someone uses settings 20TP, 45PS, 3B on the EUR/JPY?? I can’t find a good settings with FH
just roll your eyes down and you can see the awnser…
I have stop trading EUR/JPY with Forex Hacked. Instead I trade GBP/USD with TP 45. PS=31 and booster =1.7 on one chart and another GBP/USD with TP 35, PS=21 and Booster =1.65 on another chart (one account with starting balance of $1,000.00) Get good results
Good call. That always works. If you are trading the usd/jpy alongside that may have contributed to little heavier side on the DD lately otherwise it has been most profitable setting.
Thanks for your settings pal will give them a try.
Ive been using forexhacked for two weeks indemo and it made 50%. So i decided to go live using the settings similar to these mention previous. unfortunetly im about 10% in open trades in the second week.
I have 5 buy positions open on the eurchf but it appears to have stopped added but position. i thougth max buy = 10 means it will open 10 positions long if it needs to.
is that correct and ifso how come its stopped added positions
thanks
u can check your mt4 journal or expert, see if there is any error if it doesnt go according to your settings.
PipStarter = 45
TakeProfit = 45
Booster = 1.85
MaxTradersPerChart = 9
Rest are default
Theses settings make my account survive even with rough trending markets. If you have better settings please post them, help us improve!
anyone using a standard live account with a leverage of 1:500?
admin, Does this EA support PFGbest.com , this broker?
Reny!
I realy apreciate your help!
Thank you very mutch!
Best Regards!
@Ukbank:
You’re welcome. I’ve thoroughly answered your questions. Check your email.
Cheers,
Reny.
Hello!
Is there any one who can help me with this?
I need to work with a broker which accept PayPal payments!
I`ve found “1PipFix”. They accept PayPal payments, they work with low spreads, 1,5 on the majors for EA accounts, but they only alow me a leverage of 1:200 at least in the 2 first weeks, after that they will see if I can use a 1:500 leverage.
My questions are:
Is that save to work with that leverage using Forex Hacked?
Does anybody know this broker? All the reviews I have seen till now are very good, but I`ve never heard about them before.
I`d like to get some help with this.
http://www.1pipfix.com
Thank you!
ukbank
@Ukbank:
1. You did not provide enough information to answer your question regarding the leverage required to operate your account. Your account size dictates your account’s leverage. This is missing in the information you furnished.
2. Okay, let’s see: Need a list of brokers that could give you up to 1:500 leverage and at the same time accept Paypal? Click on the link below and you will find an array of brokers that meet this requirement.
http://www.100forexbrokers.com/paypal-brokers
3. As far as 1pipfix broker is concerned, there are glowing reviews on this broker at FPA (forexpeacearmy.com). It is not however clear if they are ECN or STP broker. Oh, you don’t know the difference? ECN brokers charge commissions on your trades in conjunction with what they make from the spreads while STP brokers benefit solely from the spreads. No commission.
If they are either ECN or STP broker, then they are Non Dealing Desk (NDD) broker. That means they themselves won’t trade against you. They want to see you succeed with your trades.
However, it is instructive for you to know that this broker is an affiliate (or IB) of InvestTech which is notorious with all the bad trading tricks in forex books. What this means is that (I am not sure) your order may be truly passing through this broker (STP) to InvestTech who finally processes this order to the finish.
The relationship between these two companies is just a classic case of guilt by association. So, weigh the pros and cons of this endeavor before jumping into bed with this broker.
Cheers,
Reny.
reny4forex@yahoo.com
@admin,
Please can you update the vip section with the latest AUDUSD, USDCHF settings for ForexHacked on the live account. Thanks
Where do I enter a discount code that I received?
@ Greg Swanson:
You can do so when you place your order through Regnow’s order page. There’s a field in it that you can enter the discount code into before checking out. Look closely. It is in there.
Reny,
Reny4forex@yahoo.com
Hello !
Hope you are well and I hope you dont mind me emailing you for some advice on the settings for the NEW Forex Hacked Bot.
So far we have been trading 3 days ( myself and father) and using a Micro account on the close of business our account had gone up from $1000 to $1015.50 with 3 trading days UK GMT 8.45pm until Friday UK GMT 11.50pm
We are trading 2 pairs GBPUSD & EURUSD
Here are the settings we have:
Lots 0.1
Take Profit 45.0
Booster 1.68
Pipstarter 31
Max Buy Orders 10
Max Sell orders 10
Allowi Stoploss False
iStoploss 300
Start Hour 0
Start Minute 0
Stop Hour 23
Stop Minute 55
Starting Trade day 0
Ending Trade Day 7
Slippage 3
trendPips 5
TrendStoploss 5
StopLossPct 100.0
TakeProfitPct 100.0
Pause New Trades False
Stopped out pause 600
Support ECN True
Mass Hedge False
Mass Hedge Booster 1.1
Trades Deep 5
EA_Name Forex Hacked 2.2
I would be grateful if you would confirm that these property settings are correct or there are better settings with more trades that also are not too dangerous.
I look forward to your reply
Regards
Gregory Long
Hi Guys just installed the EA but would like to know what settings are best based on your experiences. if anyone could help.
thanks
@Robo
It depends on what your definition of “best settings” is. Did you mean going agressive or going conservative? Your personal risk appetite, account size and choice of broker play important roles in determining what type of settings you want to use. So, the very first step is to evaluate your trading style and what you can afford to risk in the market. Then you will be able to go with the right settings that match your trading temperance.
You can send me an email if you need more help.
Cheers,
Reny
reny4forex@yahoo.com
Hi Admin,
I am a newbie who enjoys reading from you a nd the members of the fbi family.
Having bought a copy of the forex hacked EA since mid July,I need your assistance or anyone out there who may be willing to help with the installation,please.
goto http://www.forexrobotinstall.com he will install it for u for $67
@Morallyupright:
U may send me an email so that we can take the installation process from there.
Reny,
reny4forex@yahoo.com
Hi guys!
I am wondering if this EA can be used very conservatively just to give 5~10% a month return with minimal risk?
Cheers!
Avir
absolutely …
Great subject. What are the most conservative settings and what currency pair? All I want to do is make 10% per month but with very little risk.
Hello Admin,
I have a question, I downloaded the actual Version now (from August) and would ask about your setting. Are you using the same setting as for the version before?
My project:
FXopen – ECN Account (real account)- invest 10k –
Pairs using: AUDUSD and USDCHF (TF 1H) with a leverage of 1:500
Settings: like your Live Micro Account Settings on the VIP site.
Can you confirm that?
Thank you
Robert
Does anyone know how to get the Mass Hedge tool operating correctly?
I am also very eager to know to have a right setting for MassHedge.
Besides, the support from FH is virtually useless, anyone can advise how to set FH to cut loss all position if the drawdown reached 10%?
Suggestion highly appreciated. thanks
Stephen
no such thing, 10% drawdown is easily hit when u have 8 positions opened at the same direction. u cant apply stop loss strategy with FH.
@ Stephen:
Please check your email. I have sent you a mail in response to some of the concerns you sent to me.
Cheers,
Reny.
Reny4forex@yahoo.com
Thanks Reny4jah. Appreciate that…
Stephen
Hi,
I was wondering which pairs people are having success with, and what settings.
I have just been using GBPUSD and USDJPY usine 45TP, 31PB, 1.7B 8 max sells & buys
Simon
Hi Admin FBI, I got FH 2 days ago via your website & discount coupon, THX. I’m eager to start V2.3 but i read earlier you recommended running it on 2 pairs. Which one? My demo is milking money from GU, UJ EU & EC. But seriously, which one do u rec? TQ.
@FX Raptor:
I suggest you look Admin’s live account above. He’s running it on AUDUSD and USDCHF with a leverage of 1:500. But take into consideration your account size size and broker’s choice before going with this leverage though.
Reny4jah
reny4forex@yahoo.com
Dear Admin, my Alpari UK demo account has no spread at all and you say your Forex Hacked mt4live account runs on Alpari. Also from the mt4live order Statement it seems to me that spread is not taken into account. Unfortunatelly if I subtract let’s say 2 pips from every order the profit drops 30-35%.
Love your site very helpful to a newbie like me. Forex Hacked or Fapturbo for a first timer? Or Pipbrains?
@Rob:
I’ll go with Forex Hacked. Don’t be greedy with it though. Use Admin’s settings and your account will be safe.
Reny4jah
reny4forex@yahoo.com
The only setting that seems to manage with strong trends in 20TP, 45PS, 3B or 100TP, 80PS, 1.65B on the EUR/JPY only, forget the standard settings on the GBP etc. If one has a pipstarter on the GBP lower than 80 , then your account will blow up.
Have you had good results with these settings?
Rich what kind of success have you had with these settings
Pretty good results, It does not seems to make as quickly as the defaults, but it SEEMS like it can take strong and fast trends. So far so good
about 10% a week so far
Thanks RR
Richrichie: Did you mean 45 TP, 20 PS and 3B on the EUR/JYN?
Nope , 20TP, 45PS, 3B on the eur/jpy, These settings seem to keep the price very close to the TP, Try it on Demo, It seems to handle trending markets well!!!!
i did backtest on the masshedge at the new version 2.3 and it show something …i dont know… may be some one can help
here the link to download the backtest
http://www.mediafire.com/?u7qh1szvcsn2609
please lets iwork on it i fell it will be amazing
its useless to do mess hedge. Your broker will delay your order entry in the real time. That changes everything on the performance.
so the demo account is having a -$4400 float, which it is impossible to overcome.
Here i have a little suggestion to all of u running into trouble using this FH robot. Keep the maximum trade pe rchart low. example , max sell/buy : 8 and then .. when there is strong trend .. u will get stucked for days and the 8 positions unable to closed.
We can apply hedging and even out some of the losing trades.
1. open a position same size as the 8th trade.
2. open another position as big as you can afford.. To try even out the 5th and 6th positions .. and close the 5th or 6th trades.
3. continue to open large lot position to even out as much of the losing trades as possible. u can leave the 8th trade running for as long as -200 pips or so. It will come back some day.. If your account is at safe – loads of free margin, go ahead and change the magic number, let the ea continue to run. it’s good day to trade after stormy night.
I need some help here…
1.) I am trying to disable FH on my MT4. What is the correct way to do this so that it finishes out the string of trades that are open without opening any new ones? Is clicking on the Expert Advisors button up top and making it red instead of green one way to do this?
2.) On FH, I have 3 separate buys and 2 separate sells open (none of these are strings for the same trade). I think that some of these buys are from a previous chart that I had opened and put FH on, but I fear those got deleted without disabling the EA, so what is the best way to shut those trades down?
Thanks!
I am seconding kmr first question,anyone knows what happens when I use the “pause new trades” options? Will the ea add new trades to finish the existing trades safely and then pause or dose it just stop new trades “cold turkey”?
KMR…yes just click ea button to red to disable…..and while you are at it get rid of Forex Hacked all together…it will margin your account in no time at all just like the Demo account displayed on the top of this page which should of had a margin call in the US trading session in todays trading.
Hello, Im all very new to this and have been checking everything out. It sounds like Forex hacked is the best bot to buy and I am thinking of using instaforex as my broker. I am based in the uk and wonder if setting it on 1:400 would be about correct with an initial investment of $500. It looks like this system doubles your money nearly every week. is there any danger that I could lose money and end up owing money?? Im very excited about getting started on this but would really appreciate some feedback. it does however look a superb bot to use and i am a complete newbie!
Hi Gregory:
Before you decide to open an account with Instaforex, please, please and please, check out customers’ and Admin’s reviews on this broker at forexpeacearmy.com.
It will save you a lot of headaches.
Reny
Reny4forex@yahoo.com
Ok i am glad i have looked but I have already put $500 in but as yet have not started trading. Which broker would be recommended as the best to use Forexhacked please?? I see that the best recommended brokers by forexhacked are: Alpari UK, MIGfx, Instaforex, FXCM UK, or FXopen. Now I live in the Uk should I really have chosen Alpari? Gosh i really dont know what I am doing. I hope there will be no problem getting all my money refunded back. I await your help pleeeeeaaase! Thanks Greg.
Hi again another quickie on this Forexhacked. I am confused completely about the setting that should be on ! I am on the new version 2.3 just released. Should it be on H1 or M30? I thought this was all so easy to set up but with the updates they have etc etc it can be a little confusing about all settings!
Greg
greg.long@talktalk.net
I use FXDD and have been very pleased with them.
nope, i have blown many thousands dollar with instaforex running FH, i do not recommend.
Good things about it is, u get 30% extra amount of your deposit for floating just what the FH needed – increase your margin.
However, increasing the margin doesnt always help in surviving your account. I always get ‘Context is busy error message’ and u cant get in any new trade. It’s a silent killer.
Plus, GBPJPY is 7 pips wide. 🙂 u have to try and decide for yoursel.
Admin, have you stay on default settings for new trending function of v.2.3?
2010.08.02 15:04 sell 2.02 gbpusd 1.58786 0.00000 1.58336 2010.08.02 15:34 1.58336 0.00 0.00 0.00 45 909.00
I have watched the market on last monday. I think it did not hit the target 1.5833 for GBPUSD.
Any clue? how it closed this position.
Was anyone brave enough to leave Forex Hacked on through non farm payrolls last…If so how did it go and on which currencies did you have it open on.
Regards
Hey Dylan:
You should have this set so that no new trades are initiated after Thursday. That way you won’t have open trades over the weekend, which can be dangerous because of gaps. There can be large drawdowns when this is EA is used on an extreme bullish or bearish trend where there are no corrections, so I’d be damn careful of trading this with news, especially anything critical, such as NFP.
Thanks Marketdemon…..I didnt think it would be a good idea to let it trade through NFP so i closed all trades late asian session and shut it down and will reactivate asian session monday. I had it trading on gbp/Us,eur/Us and eur/jpy from monday and it did well for the week, making about 90 trades and about 8% on the account so cant complain about that..lets hope next week brings similar results.
that’s is not the critical situation. The most critical situation is when the market is too busy, the server will not take your new order, You will get something like ‘Context is too busy’ . Then u are not entered in the absolute price. As well as slippage. When the slippage get widen more than 3 pips, and ur EA need to get entered a trade. It just wont happened.
This EA is gambling for small account. Of cause, u see the demo account above striking almost everyday because it’s a demo account. Broker will like u to see more winnings on Demo accounts. The black trick is only applied when u have live account.
The “gap” is not an important issue, it will only gives u some small loses after ur TP is hit. it’s still recoverable. If you try check on your accounts journal or logs, u will find a lot of errors. That the thing u should be taking care of.
The best broker to use FH is a broker that wont requote or no slippage and no delay in entering orders.
Admin, have you ever tried the GBP/JPY pair with FH?
No, I can’t say I have.
How would you compare FXOPEN to IamFX as brokers?
I bought already the Hacked Forex EA in your web page, how i become a VIP member? please let me know when u have a chance, i already tested the EA and it doubled the deposit in 3 days! thanks for your info.
Hello All….. I have just opened up a micro account and have Hacked EA. I have been testing this EA on a Demo account, so far so good. I will be depositing about $1,200, however, my micro account is .01 at .10 cent a pip, at 200:1, would 2 currency pairs be ok? and I will be manually closing some trades that open up against the trend , if I could get some feedback.
Thanks
That should be low enough risk. If by the 4th or 5th trade opened in a set you are pushing anywhere close to 10% of your margin then you are asking for trouble.
will the FBI settings work with the new version?
Yes
My greed has come to bite me in the ass. Adding a third currency pair (GBPUSD) and increasing the starting lot sizes proved to be too much with the crazy upward trend GBPUSD recently. As a result I hit a margin call, but atleast I withdrew some of my profit a few weeks ago.
I have transferred that money back into the account and going to start over from $1000 with forex hacked 2.3 on just 2 currency pairs again.
Hi, The same thing happened to me. I had an intial deposit of $750, increased the lots and added 4 pairs when it hit $1500, account spiked to $3500, withdrew $1300, had about $2200 in account, then got caught short on the GBP/USD spike and was eventually margin called and had $5 left in account. Now I have to start again with $1000. As a result of my greed instead of a $2750 profit, I now have $300. Will be sticking with VIP settings with new version 2.3 on 2 pairs again as well an not messing with it again.
Admin
No apologies, we all have been there. On a good note, the new FH 2.3 is really something. Atm I am giving it a spin.
You raise a question regarding the recent runup in the GBP. I have some open trades that are currently in the red. Although my drawdown is at a reasonable 20+%, because of the open trades, it limits the amount of new trades the EA can execute. The GBP would have to correct by at least 150 pips down for some of these trades to close. I’m trading conservatively using GBPUS and JPYUSD (My current settings are .01 lots, pipstarter 31, booster 1.7, TP45, & 8 trades per chart using V1) I don’t have much of an issue holding the positions, but I must also factor in the swap charges while holding the losing trades.
What are other traders doing in this instance-increasing the number of trades per chart or closing out losing positions? I’d appreciate any comments.
hello
Mr Admin
What is your spread on GBP / USD and EUR / JPY from your broker?
thank you
New version of FH available as of the 1st of August. See FH’s member’s page for details.
Will Forex Hacked Trade micro accounts
@Timejumper2020:
You have many interesting questions, the answers to which ONLY YOU can make decisions on. Please contact me at reny4forex@yahoo.com for more help in answering your questions.
I will be glad to come to your aid as much as I can.
Okay, I already sent you an email. Thanks! -timejumper2020
Hi.
I’ve just put FH on a micro account with FXOpen. It’s not a ECN account but is it an ECN broker? I just wondered if I should have my ECN as true or false?
Thanks very much.
Hi Admin,
1) I used your coupon and just purchased Forexhacked. How do I join the VIP as you indicated above for the settings?
2) What time frame do you use? Is it H1 or M30?
1. To become a member: Click on the VIP tab above, enter your email, open your email from ForexFBI for the password, type the password in the required field and log in. You are in.
2. H1 Timeframe.
@Admin & All…In August ‘ll be going from DEMO (after almost 3 months) to LIVE for the 1st time and so I had a few questions.
1st- The Forex Hacked FAQ says your leverage should change from 500:1 or 300:1 to 100:1 or 200:1 when your account reaches $5000. Why is that?
2- In FxOpen when your account increases over $3000 your micro account changes to Standard so instead of trading at a cent it’ll start trading at a dollar. Isn’t a dollar too risky and is it possible to still trade at a cent when it reaches $3000?
3- Also, would like to know how to close a trade manually?
4- And last, lets say I want to withdraw earnings from FxOpen but Forex Hacked has open trades, I can’t do it right? I would have to wait til it closes all trades and then login to FxOpen and withdraw the money but how would I tell the robot not to open new trades to do this?
Thank you all for viewing and helping me with these questions.
-timejumper2020
Okay Timejumper2020:
1. The answer to the first question is long. This is not the appropriate forum to highlight everything related to rewards and consequences of using a high leverage. Here is the short answer though in nontechnical terms:
With a deposit of $5,000 and a leverage of 1:500, you have the ability to control $2,500,000. With this huge amount that you could control with this leverage, your FH will be “fooled” into opening big lots on your behalf (thinking that you are now a rich man. I guess). At this point, you must take into account FH’s strategy: Martingale. Armed with the pip booster inbuilt function that it has, there is a potential for a huge profit if the bot rides the trend as it continues to pile up the huge lots and the gains that come with them.
But you know better than that. On a bad day if the bot rides against the trend, FH will keep opening big lots and multiplying them with the booster function until the account finally exhales. (FH’s mentality with huge leverage is “My master has enough money. Let’s trade with any amount we want). So, it is a double-edged sword. You can rise with a high leverage as you can crash and burn to ashes.
For more information read more through this link:
http://www.investopedia.com/articles/forex/07/forex_leverage.asp
2. FXOpen has its own set of rules and policies and there is nothing any clients can do about that. We can only work with what we have. My advice is that when your account finally increases above $3,000 and your cent account is converted to dollar account, choose your pairs very carefully, use low leverage and low risk settings to build your equity substantially before going high risk, i.e. if you ever want to.
3. To close your trade manually, point your mouse at the trade you want to close on MT4, right-click on the trade, select “Close Order”, At this stage, a window is going to pop up containing red(Sell), blue(Buy) and yellow (Close Order) tabs. Click on the yellow tab. The order should close after this step.
4. No broker will let you withdraw a penny if there are still orders opened. Okay, to stop the robot from opening more trades, there are different ways to do it:
a) Look at the top of your MT4 and click on “Expert Advisor” tab. The green arrow on it should change to red. At this point, the FH’s smiley face should display “X” which simply means the robot is no more trading.
b) You can simply X-out the chart on which FH is running.
c) Right-click on the chart. Select “Expert Advisors”, select “Remove”
d) Double click on the smiley face. Click on the “Common” tab, unclick the “Allow Live Trading” box. The smiley face will turn to a sad face afterwards.
Please note that any of these steps will only prevent the bot from opening further trades and that already opened trades will be running until they hit the Stop Loss, Take Profit or are manually closed.
Hope these hints help.
@Reny4jah
Hey Reny4jah, thanks so much for your advice and suggestions. I think you cleared up everything. Just had a few small comments about what you wrote and also want to let you know I really appreciate you taking the time to write everything so clearly.
Okay my comments:
-I will read the link you posted on the leverage soon just wanted to write this on here first. Okay, so when your account reaches $5000 and your leverage with fxopen goes from 500:1 to 100:1 I should leave it right? Because the trades will be smaller and less riskier? It’s take me almost 3 months with my DEMO and the settings I have from the VIP section to double my account from 100k to 200k…I started with a micro account which trades at a cent so my 100k is really worth $1000 and today it’s up by 82k or $820 (I started my DEMO May 14th and August 14th would make it 3 months)…I don’t mind waiting that long to double my account because the trades are not so high and yet still profitable. My leverage is 500:1 so I think when I open a LIVE account with $1000 I’ll keep the leverage the same 500:1 However should i switch the leverage to 100:1 sooner before it reaches $5000?
-So when I hit the green “Expert Advisor” tab and it turns red it won’t open new trades but the ones that are open will it still try to make a profit on those and then close them right?
– And last I was thinking that when my account reaches $3000 to take $1500 out and wait til it doubles again and again always taking half or $1500 and opening more fxopen account worth $1500 and have them all trading at the same time and profit on all of them. Is it okay to do this or do you know of an easier way?
Thanks for reading and I’ll wait for your reply. 🙂
-timejumper2020
@Reny4jah
Okay just read the article you posted. I think I understood most of it. LOL From what I read if for example your leverage is high like 500:1 and your lot size is a dollar then Forex Hacked can wipe out your account really fast. But if your lot is 100:1 and your lot size is at a cent then that’s the smallest risk you could take.
However my DEMO is 100k in cents (or $1000) and with a leverage of 500:1 and a micro lot size of a cent. So the risk is like midway I’m thinking, a low lot size and high leverage. Well as you can see it’s taken me almost 3 months to double my money. So is this an average risk? When I open a $1000 LIVE account if I go with a microlot of a cent and 500:1 leverage would it work like the DEMO and double my money in about 3 months? And in your opinion when would you lower the leverage from 500:1 to 300:1 or 200:1 or 100:1? Thanks! -timejumper2020
@Timejumper2020
***Regarding the opened trades: It is important to understand that it is not the robot that turns opened trades to profits. Rather, it is the decision that it made prior to opening the trades that makes them profitable.
Said in another way, if the bot opened trades in the direction of the trend, majority, if not all, of them will be profitable BEFORE the trend reverses. After the reverse, you will rack up losses.
If the bot opened trades against the trend, if the Stop Loss is not hit and the trend reverses in your favor, all the negatives might be able to change to positives until they hit the Take Profit or are manually closed.
But one thing you should know is that prior to opening the trades, the bot has preset the Stop Loss and the Take Profit for you which can go in both ways in accordance with the explanation proffered above. Switching off the bot won’t change the fates of already opened trades. But you can by manually closing them. Use a combination of indicators like Exponential Moving Average (EMA) and Relative Strength Index (RSI) to determine if you need to stay in the trade or get out as soon as possible.
***On your $1,000 account at FXOpen: A leverage of 1:500 will work for this account. The fact that Admin’s account [$1,000; 1:500 leverage shown above at FXOpen] still stands the test of time is a testimony to the effectiveness of this trading strategy.
***On withdrawing after some gains: Yes, yes, yes! This is the wise course to take especially with FH. That is the “Double-Take-Out” strategy. As soon as FH doubles your account, it is wise to withdraw the invested capital and start over again. Repeat this method as many times as you can. That way you can always err on the side of caution.
***On whether demo results will parallel live results: Please do not base your absolute decision of your demo results since they produce simulated performance. Many a time, live results are COMPLETELY different from demo results. But like I said above, Admin has a live account with FXOpen. You can use that to gauge and judge FH’s performance when it is finally installed on your live account.
Hi again Reny4jah. Thanks for your reply. So when would be a good idea to switch to a lower leverage like 100:1? Should I do that at the $5000 mark or sooner? And do you know if FxOpen allows you to open multiple accounts? Also is it not too risky to have a standard account when your money grows larger then $3000. Because that’s the point at which FxOpen converts your micro lot account into a standard lot account and your lot goes from a cent to a dollar in size. Thanks! -timejumper2020
admin,everyone: are all of the tested EA’s done so on live accounts or demo? If so, how much was your deposit? Have you changed settings for all or left them as they came??
@Bryce:
Forex Hacked is tested on both live and demo accounts. See the results above. Others are simply tested on demo accounts. The initial deposit for both demo and live accounts is $1,000.
Some of the settings were default while others have been customized. To have access to the Admin’s settings for demo and live accounts, you may need to become a VIP member.
To become a member: Click on the VIP tab above, enter your email, open your email from ForexFBI for the password, type the password in the required field and log in. Walaa! You are in.
@everyone
19:04:16 Old tick GBPUSD60 1.55986/1.56017
19:04:16 Old tick GBPUSD60 1.55988/1.56018
This message keeps on popping up in my .log file and FH fails to open up any trades. What does this mean? And how can I fix this?
Hi Admin, it appeared that starting 7/22 on the live account, you have added GU pair. I wonder how the system would withstand if you have entered GU 1+week earlier when GU rose 500 pips between 7/13-7/15?. Unless you change the lot size or setting on GU, it would cause a huge drawdown, no?, especially for folks who have just entered the market.
You are absolutely right, I was in a gambling mood this week so I added a 3rd currency pair (GBPUSD) with my increased equity. I tried to pick a currency pair that doesn’t follow similar trends to AUDUSD and USDCHF.
But if you look at the chart for that period, you’ll notice that right in the middle of that trend it took a 86 pip retrace, which would handle and resolve all your drawdown. That’s how Hacked works.
Hi Jaun, if you check the figures carefully on the link http://hacked2.mt4live.com you will notice that the correct settings are: TP=45 and not 21, Pipstarter =31 and not 15 and booster =1.7 and not 1.6. I have found that some of the stated settings on Forex Hacked site do not match actual settings used. When you do the maths, the pips difference between lot size 0.01 and 0.02 is 31 and not 15
My friends.
I leave here a personal opinion of backtesting : it doest work. The majority of the times they show us wonderful backtestings of some EA that includes YEARS of positive test and growth. Then we run to buy it and put immediately to work and….results : shock against the wall.
In my personal opinion backtest its a SIMULATION of the real conditions of trading and lamentably one simulation very far away of the real markets.
Therefore I never consider backtesting in order to take any desicion. I prefer put to trading EA in the real time markets in one demo account for example. For this reason I like so much mt4live.com : verify instantaneously performance in the present markets.
I hope this info helps you to take better desicions.
Hi every one !!
I see all yours doubts and questions. Thanks for all of yours expositions about FH. Please, go to the next link :
http://hacked2.mt4live.com
That link was taken from the oficial web site of Forex Hacked. Its the same system that uses ForexFBI to create the comparision of the EA perfomance : mt4stats.com.
In that place you can see all the information about the account from the very first trade to until today :
1.- Closed transactions (time, sell/buy, leverage, pair, price, SL, TP, pips, profit)
2.- Closed profit curve.
3.- Closed pips curve.
4.- Open trades.
5.- Equity curve.
6.- Working orders.
Remember this account start with 500 USD and considering all the detailed information of trading, study the evolution of Equity Curve…very solid performance….enjoy.
Juan,
Thanks for sharing your experience with your current settings. The Forex Hacked website provides a number of settings to examine. I’m using the “featured” settings at the Forex Hacked website. There a few less trades (TP is 45 pips) and only 8 trades max per chart so while the profits are lower, the drawdowns aren’t as dramatic either. I’m trading both the GBPUSD & USDJPY. Did you backtest the settings before you went live?
Hello, ponyBoy
please tell me how to do setting from (the “featured” settings at the Forex Hacked website)
I did try to login to the VIP, but i cant see where to do the setting area, only see the
DEMO setting
please kindly reply
my email; cliprich0101@gmail.com
skype;dannychin0101
Thanks
Hi, everyone!
I`m thinking about startint with FH in a live mivro account at Alpari UK with an initial capital of 1000,00 Euros.Would anyone help me with the best settings configuration for this situation? I`d like to keep the drawdown level in a small risk at least in the biggining so I can keep the free margin in a good level.
Thank you!
Best Regards
thank you juan for the input. I will start to take a test on it. 15 and 21 giving u that huge profit, it sounds tempting. However, The biggest threat to FH is ‘gap’ which usually happened during the close of the week and starting of the week. During the 16 to 27 of this month there were no gaps occured. When it occured, say 60 pips, u missed 4 positions, when the gap is filled immediately, u might face certain damage to your account. could a 20% cut down on your balance.
Example, in my fxpro chart, the 9.30pm aud CPI release has produced a huge 100 pips of gap. Whereas in my fxopen and any other broker’s chart, it shows no gaps but there is a 60 pip long bar in M1 chart, When such case happen to the pair u trade, how would FH react to this?
Hi Chad.
I dont know the reaction of FH in this special case that you mention. In any case, as we know is usual they happen GAPs at the beginning of week, reason for stay away of the market in this special moment. If its possible to be remained outside market and thus to enter calmer some hours after the opening -although gap can happen in fact at any time -. Only apply this very simple rule to beginning week us can avoid a drawdown in our account.
I believe the “secret” to make money with FH is not fall in the greed to try gain millions quickly. This EA is very efficient calibrated machine, but when forcing to gain too much “mayday” ( drawdown ) can happen, essentially by the concept of martingala works. Martingala is efficient but until certain level of exigency, that if you exceed then losses arise and goodbye to gains.
i suspected something,
the current total lot size opened is 2.00 lot , the margin used is $40, thats impossible for real account. And meanwhile i just put up the test run few hours ago try to duplicate this statement, within hours the balance increase to $725 from $500 , but floating at -$340 , free margin $175. leverage 1:500. in the next 40 pips movement it’s either margin call or hit lottery.
Hi every one. Take a look to this link : http://hacked2.mt4live.com/
Forex Hacked trading on U$ 500 of initial capital with settings :
Pipstarter = 15
TakeProfit = 21
Booster = 1.6
MaxTradersPerChart = 15
Rest are default
Until today, FH has gained 348 USD …65.7% of the inicial capital between 16 and 27 of this month!! ….WOW
This EA obtains that results in a small account and just a short time is really impressive….imagine in bigger accounts.
Its amazing that using a perfect and refining mix of martingala, hedging and break-out will be so profitable.
demo account?
Hi Chad.
The link “http://hacked2.mt4live.com” it was taken from the web site of FH “forexhacked.com” in latest results.
@Juan, what is the name of the broker you are testing it on and at what leverage?
I downloaded FH and followed all of the instructions to run it on a demo account on FXOpen and it is not working. I followed all of the instructions on the installation and settings guides so I have no idea where I went wrong.
I used all three versions of FH and none of them worked. Also tried them on ECN brokers. Here’s the .log file.
21:24:23 ForexHacked22a EURJPY,H1: loaded successfully
21:24:23 ForexHacked22a EURJPY,H1 inputs: User=”Your ForexHacked.com Username”; _________=”Magic Number Must be UNIQUE for each chart!”; MagicNumber=133714; Lots=0.01; TakeProfit=45; Booster=1.7; PipStarter=31; MaxBuyOrders=10; MaxSellOrders=10; AllowiStopLoss=false; iStopLoss=300; StartHour=0; StartMinute=0; StopHour=23; StopMinute=55; StartingTradeDay=0; EndingTradeDay=7; slippage=3; StopLossPct=100; TakeProfitPct=100; PauseNewTrades=false; StoppedOutPause=600; SupportECN=false; MassHedge=false; MassHedgeBooster=1.01; TradesDeep=5; EA_Name=”ForexHacked 2.2″;
21:24:23 ForexHacked22a EURJPY,H1: initialized
All of this looks normal except for the fact that I have been running this on a VPS for a couple of days and not a single trade has been opened. I made sure that I had the account number entered into the FH website and can’t think of anything that I can do to fix it. I checked the box “Confirm DLL function calls” and none of the pop-ups show up. What should I do?
If anyone can help me, please let me know.
Colin,
Make sure that you have the boxes in Expert Advisors checked correctly in MT4. Go to Tools then Options in MT4 and check the following boxes:
– Enable Expert Advisors
– Allow Live Trading
– Allow DLL Imports
– Allow external experts imports
Then make sure Forex Hacked has the same boxes checked.
Hope this helps.
The following boxes should be checked
Can someone explain this statement to me:
There are many Forex Hacked 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.
Currently, I’m running FH on FXDD-Malta, with conservative settings. So far, in about 11/2 months of trading, I’ve made a little over $400 from $2500. I’m only trading GBP/’USD, 0.01 lots. And like most, I control DD by the number of trades.
The above statment is interesting, and if anyone can explain this in detail, I would appreciate your feedback.
Hi. I have open a liveaccount at FXOpen. When I ask for Bank details for Bank Wire deposit: They gave me: Beneficiary’s Bank Name: Baltikums
Beneficiary’s Bank Address: Maza Pils iela 13, Riga, LV-1050, Latvia. Is that safe, done they have banks like Morgans or something or a bank in UK or US ? Any suggestion? All you guys that have a FXOpen account. Which bank do you have?
Does anybody knows if it works with FxPro?
Thnx, Premium
well i been testing it on fxpro for like now 3 weeks with different stratgy .. but it works very well so far.. but u gotta know which set u going to use for how much balance and which currencies
like usdchf + audusd .. is good but seems u have to make sure u have enough balance to let u multi the orders and get ur profite
Hello traders, I have a question,
If I use FH starting with 0.01 lots, 2 pairs ,5000 usd and conservative settings,
Is there anyway what so ever that I can blow the account up?
(and If yes, then how about with 10000 usd?)
Thx..
I guess you could say that it is possible but pretty unlikely with that much capital.
Hello Traders 🙂
I just started my iniciation with Forex Hacked because of the good reviews and results i’ve seen. I have a micro account on FXopen with 300$ and would like to read some advices from experts or experienced traders who already used this small amount of money or similar in setting things up, like what do i have to change in FH, the currency should i use,etc…
Thank in advance and my best regards to everyone from this great website!
wanderer, did you read anithing here? if you didin’t blow your account yet stop using FH until tou understand what you are doing.
Can i use admin vip settings with these 300$?? 🙂
$300 , honestly.. last week y FH draw down was $700 on cable. It went down 9 levels and recoevered with profit. VIP settings
Jmh,
I completely agree with you regarding account size. Trading standard lots with this EA is simply courting disaster unless the account is appropriately funded. I’m trading a micro account on FxOpen and while the gains are small USD wise, on a percentage basis I can’t complain-up 12% thus far in June. I just wish support was more responsive. I don’t think my questions are too demanding-I’m just a relative noob trying to understand hows and whys of the EA. I can’t help but wonder why the member page hasn’t been updated for the past 6+ months. I’m not trying to bash anyone – Just concerned about ongoing support with the EA.
I’ve been using FH for about 3 weeks now and what is said about using the EA carefully is so true. 30-40% drawdowns are not at all uncommon for the un-initiated. I’m glad to have found this site that discusses optimum settings and the like as the EAs site (the members section) doesn’t look to have been updated for quite some time. Email support has been somewhat spotty (had to email my questions a second time to get a response) so I’m wondering how committed the developer is to the EA. That said, it is an interesting EA. As long as the hedges can prevent a blowup, it should be a winner IMHO.
Pony Boy I think your right about drawdowns but I will not open a standard account unless I put at least $50,000 in the account anything less then that is way to risky and your drawdowns will hit 40 to 60% easily. I opened a demo with $50,000 on 6/3/10 and I’m up about 90 % percent so far using VIP settings with drawdown 15% or less. I don’t have 50,000 to go live with but I plan on using 3 Micro live accounts with $500 which is the equivalent of 50,000 pennies each in FXOPEN.
jmh2008.mt4stats.com
Jmh2008 – I have looked at your statement and it is very impressive, it looks like you started with the VIP settings and then changed to different settings from around the 8 June 2010, can you post your current settings, do you also use the drawdown % stop? How is it that your starting lot size =0.17 with FXopen, not sure but I think one can only select 0.1 or 0.2 but not 0.17. – Rich
i am insert my email and i am waiting for receive my vip account, please send me your forex hacked custom settings.
Admin:
Have you heard about Forex Trading Scalper? I understand is producing amazing results – even better than FH! Is it possible to get your hands on a copy to try?
Jacobsl
I will look into it.
What current settings do you have running on the FXOpen live account? As it seem you have changed it severally.
I am particular about the following
lots =
takeprofit =
pipstarter =
booster =
max buys =
max sells =
may i know how to get to VIP section? to do change the setting on 2,2 version, and where to registed to become a manber please expliam like 1,2,3 ,,
Thanks alot
for all your guys
@Danny: Want to be a member? These are the simple steps to follow:
Step 1: Click on VIP tab above this page.
Step 2: Enter your name and email address.
Step 3: Click on “Submit”.
Step 4: Check your email for the required password. If it is not in the Inbox, check your bulk or spam folder.
Step 5: Use the password sent to you to log in. The settings for Version 2.2 are in the members section for both demo and live accounts.
Hope this helps.
I see the,, show settings… and click it
and still cant get the setting function
*** I login from VIP see the,, show settings… and click it
still cant get the setting function
my problem is how to do setting the 2,2 version
Thanks
All right, why don’t you give me your email address so that I can forward it to you? How about that?
cliprich0101@gmail.com
skype:dannychin0101
YM:kschin_0101@yahoo.com
Thanks
hello, guys
i just want to know , how your guys do setting about this below
becouse i did try to do it from the COMMON/INPUT , but after i close it
and reopen, it come back to the sameting, like never change before
.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.
Thanks for help
In VIP settings 10/10 that mean per chart, or per robot?
per chart
Why stats in table are different as stats in link site? Yesterday in table was zero and in link site (stats) was -1500 !!! Balance is 2900, but in table is 10500 ????
Alpari UK starts truncating old trade results to make room for new trade results. So now that Forex Hacked has made well over 1000 trades Alpari UK will only show the latest 300-400 or so, meaning the deposit and first 1000 or so trades wont show.
If you look at the updated mt4stats GIF above, you will see it is still updating the total account equity which is 100% accurate. The $2900 or so you see in the statement is just the total of the last 400 or so trades that Alpari UK is showing.
Not sure where you saw -1500 though, I know there was a large drawdown the other day on this account as both pairs started trending up together but I don’t recall seeing it hit -1500 (I may have missed it though).
try GoMarkets. No minimum and you can do .o1 lot size.