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.
Hi guys,
I’m a newbie as well, I’ve been having problems setting up Forex hacked and Reny has been so helpful and knowledgeable.
Thank you,
Thanks Ariel. But I think Joe, the owner of ForexFBI’s site and who is arguably one of the greatest admins of all times, deserves the praise, in that he allows us to build on each other’s ideas through this forum to tame the wild beast, called Hacked. We give it to you Admin. Many million thanks.
Cheers,
Reny.
reny4forex@yahoo.com
Hi guys,
I want to know which is broker have suitable with Forex Hacked robot below:
1. Instaforex
2. Master forex
3. FXDD Malta
I purpose to buy this EA robot cooze I always loose my bucks with other brokers. Could anyone can help me?
Hello Ryan,
Could you please get in touch with me ?
My name is Marc, my email address is: ml3115@aol.com
Thank you for taking the time to answer !
Best regards,
Marc
Hi Marc… do you have a question?
Hi Guys,
How should that be for newbies. I’m quite new to this. I opened some demo account on ActiveTraders, ThinkForex, Markets.com and FxPRO.
What should I need to make that running profitable. Important thing, I don’t know how to trade.
Thanks in advance,
Lh
Hello LhDT,
Apparently, you’re new to this. You can’t just wing your way through Forex Hacked or forex in general. You must know what you’re doing. Otherwise, you will lose your money easily and quickly.
However, it seems from the way you scripted your concerns, you have not identified the problem itself. The first thing here is to identify what the problem is and then the solution will become easy to spot. For example, you said “I don’t know hot to trade”. It is within the realms of logic to ask you back: Who is doing the trading, you or the robot? And if the robot is the one doing the trading on this forum, are you saying you don’t know how to use the robot, how to install it, set it, or determine what to do with it? Are you saying you’ve run on it on those broker’s platforms and the robot consistently lost? What settings did you use? What pairs did you trade? How long did you trade the robot? What are the account sizes on which the robot ran with those brokers?
A lot of assumptions within that loaded statement need to be clarified here lest you’ll unwittingly hold yourself hostage to the bondage of ignorance.
Please let me know if you need help. Maybe I can teach you a few things I know. Who knows?
Cheers,
Reny.
reny4forex@yahoo.com
hey guys i just purchased forex hacked and wanted to know which broker is best for U.S clients
Hello Charles,
Definitely you don’t need any NFA regulated broker. They will cook your account in a minute with their shrunk and Hacked-unfriendly leverage of 1:50. If you need help in this regard, please get in touch with me. I may have a few to share with you.
Cheers,
Reny.
reny4forex@yahoo.com
admin:
on your forex hacked you have running now, are you using the demo settings you have in the VIP section for all three currency pairs? Also how is the lot changes, if everything else you said is to be on default, meaning hedging is on false?
I have so many questions I need clarrification on. sorry
Anyone have any setings on hedging ? Would like to use it in a somewhat conservative way. There is really no explanation in the download guide given when you purchase FH.
Email me if you could, or post here.
nicolasrejeilitrade247@gmail.com
Can anyone share the settings for a micro account for the currency pairs other the eur/chf and eur/gbp for FH.
Questions for those who have a track record with Forex Hacked. I bought it yesterday and started running it on demo and it’s up over 13% (that’s including the existing trades that are in the negative) in one day! Does this happen for those of you who are trading it live? I have the settings exactly as advised on here. I have it trading on G/U, E/CHF and E/G only. Also, when you have a nice day of profits like this and you have some trades that are open but in the negative, do you just close them out and let it start over for the next trading day (Asian session to Asian session)? Thanks in advance.
13% in 1 day sounds kind of risky. Whats your account size and leverage? I hope you’re also using the minimum lot size of 0.1 or 0.01
Just using .01 on each pair with 1:400 margin.
Ok, I know this sounds crazy, but my demo acct of $3k doubled to over $6k in 2 days. I’m using .01 for trading size on Pepperstone Razor demo (1:400 margin). That’s including open trades right now as I type. I’m only trading EURCHF, G/U, and E/G, same settings as mentioned on this site. If this were real money, I’d close out all trades and take out my initial $3k. I have to wonder would this happen on a live acct? I said I would go live once I see this acct double, but I didn’t think it would happen in 2 days. I think I will try going live, but only trade G/U and EUR/CHF only. Those two have made the most money and most trades. Never mind the amount of commission/rebates one can make going through Aslan or Cashback Forex. Comments or thoughts? Oh, and here is the link to my mt4i: http://www.mt4i.com/users/2acsinc It’s 3:30 pm eastern time US as I type.
Im still kind of new to all this too, but damn. lol. Before I saw this, I decided to trade live using the pairs G/U and Eur/Chf. Looks like i may be good. 🙂 I have noticed EUr/chf pulls alot of profit.
I’m going to continue demo until next week, then I’ll go live with just EUR/CHF only. I have my live acct funded and ready to go, but for some reason my “gut” is telling me to wait until next week. I’d like to see what my 2nd week of using Hacked does. On demo, I added E/U just to see what it will do since it is one of the original pairs. To be honest, I’m a little worried about EUR/CHF right now with all the talk of SNB doing something about the strength of the Franc. I don’t want to be live with Hacked and some sort of intervention takes place and get stuck on the wrong side. I’d be careful trading the U/Y pair if anyone on here is since it’s vulnerable to Japanese intervention. Remember all, keep your lot size to .01, make sure your acct with your broker is as high as possible. I have 400:1. If you can start with $3k, that’s the best and trade only one pair first. Don’t be aggressive. This EA is already aggressive. It’s a wild horse that needs a good tamer ;o) My 2 cents worth.
ryan, whats your booster set to? 1.7?
@ Nicolas: my booster is set at 1.8
@Ryan: could you possibly email me or post your settings here? I would really appreciate it
I also have a good result using FH with Razor account. I just run it this morning and already have 10% profit. I’m also thinking of running it live with $1000 deposit. If you don’t mind to share your setting i’d really appreciate it. Am not really clear with the setting in the VIP section of the “trendStoploss=10 (fxopen minimum – You should set this as low as your broker allows for a minimum stop loss)”. What is the minimum stop loss allows for this razor broker? http://www.mt4i/users/razor-fh
Thanks.
@ Ryan: i see, Im using 1.6 now, have you tried a lower booster? If so, have you noticed anything since you’ve switched it to 1.8?
the higher the bosster the higher the lot size everytime a pair takes a trade when the trend is against it. For example, a pair will buy/sell at .01, if price goes against it and your pipstarter is set at 31, it will take another buy trade 31 pips from the first buy position and open at .02. If price goes against it another 31 pips, it will open a 3rd position at maybe .03 or .04, depending on your booster size. So for instance, if you have booster set at 2, each position that opens will double. Make sense? So if it’s set at 1.6 or 1.8, you won’t see much difference until it opens a 4th or more positions in the same direction.
Okay, but are your settings mostly the ones from this site besides your booster? You told me your booster is 1.8, is everything else default?
Yes, everything else is default like on this site.
Hey all,
I had a quick question. I saw some of the micro account settings for the forex hacked, is it recommended to use different boosters, pip starters and etc, with different pairs?
Hey Ariel,
thanks for the reply. I actually got it working. The support team sent my username and password and directed me to where I could download it. I have an account at Hotforex both demo and live and so far so good. Leverage is at 1:500 on the micro account. I started today with the demo and have almost made 100 USD. Ill prolly trade another week or so on it before actually going live. Reny helped me out alot. Shoot him an email, and I am sure he will be more then happy to help you. The demo settings I used where the exact ones on forex fbi.
Good trading
Nick
Hi Reny
I have just purchased Forex Hacked and also downloaded a copy the settings you advise from the VIP area. I have two live accounts, a USD account with FXDD which at the moment stands at $35 having been wiped out by Forex Pro Cloner (see my comment on Forex FBI website) and another with Vantage FXUK which stands at £5300. I would like to use the Forex Hacked EA on the Vantage FXUK account, however, their standard leverage is 1:100 though their website saysI may apply for upto a maximum 1:500. Would the 1:100 leverage be okay if I keep the lot size to 0.01 and would I need to change any other settings?
Many thanks
Martkimwat
Hi Martkimwat,
I’ve replied your mail. Please check your box for my responses and email me if the game plan I mapped out for you is not clear. I will be looking forward to receiving your mail.
Cheers,
Reny.
reny4forex@yahoo.com
admin, when i bought forex hacked i forgot to create a username, do you know what I should do?
Create one now with the same e-mail address you ordered with and see if it activates. If it doesn’t just e-mail support and tell them your account needs activation and provide them with your order number and Forexhacked.com username.
Nicolas,
I’m also from the US – this passed weekend I purchased the EA but having trouble downloading the copy I did not use the Admin link.
The support team is working on it.
For as brokers for US – I have demo accts with Hot Forex, Alpari US, Tradawulfx & Finfx but not sure yet how they will work with Forex Hacked.
Hey Ariel,
If you don’t know how each of those will affect the trading pattern of Hacked, please let me know. I can give you a simple principle that’ll help you narrow them down.
Cheers,
Reny
reny4forex@yahoo.com
Hello guys,
Trying to set up all my stuff for forex trading and deciding a brokerage and EA robot to use. After seeing all the reviews in addition to the results I will most likely be purchasing this EA very soon. However my question is I am in the US, so I have no choice but to use the 1:50 leverage correct? Is that ok to use with this EA? Also any recommendations on brokers to use? On the forex hacked site, they recommend FX open, but im pretty skeptical due to the fact they are not regulated in anyway, advice and opinions pleasee!
I would highly recommend not using 1:50 leverage. Look for atleast 1:200
Hey Nick,
Please check your email. I think I’ve responded to the inquiry you sent me. Let me know if you received it or not.
Cheers,
Reny
reny4forex@yahoo.com
Hi guys
I want to ask you fior an honest opinion
To all the people that have beeb trading for a while with FOREX HACKED ..
Can yu really make money with this robot?
Thank you
Yes, You can but you have to do your calculations on Risk, Money Management, and etc….More than anything else…NOT TO BE GREEDY.
Can anyone suggest a broker for Australia,
Thanks
Mke
Hello Mike,
Is there any reason you’re so Austrialia-broker specific? The best question to ask is which broker will best fit the trading practices that Hacked demands? When you consider some of the Austrialian brokers I know, their trading practices, policies and ratings, there could be some VERY NICE, strictly regulated offshore brokers that could help you out here without you hemming yourself in and constraining yourself within Austrialia’s four walls.
Contact me if you need to, please and I’ll be happy to lend you a hand…And please don’t forget to use Admin’s link to buy the robot as I’m not affiliated with Forex Hacked’s vendor in any way as many have errorneously thought. I’m just trying to help friends that are relatively new (and old ones too!) to the scene and are in danger of burning their accounts because of the paucity of their experience.
Cheers,
Reny.
reny4forex@yahoo.com
Go Markets in Austalia is one of the best brokers I have used, they pay you when you request with no bull crap wrip off tackticks, they also have great executions of your trades, I have used the Hacked EA on there MT 4 platform and it works great, I love the Hacked EA it can kick the hell out of the market it never stops.
any suggestions if you live in the USA? Go markets is not accepting US clients
Hi Raulin,
Thanks for replying to my post.
What’s your trading experience with Forex Hacked?
Ariel
Hi,
I’m a newbie from US – what brookers accept us clients and work best for this EA?
Thks,
Ariel
Hi
Try thesee two
Trading point, the give you some money to open an account with them
and Fin fx
Good luck
Hello Ariel,
While it is true that that FinFX and Trading-Point accept US-based clients, the baseline minimum lot is too high for someone who wants to let Hacked run on its own. For example, the minimum lot size with FinFX is 0.10 which is WAY TOO HIGH for someone to use with Hacked’s martingale strategy. With such a base lot, consider your account cooked.
There are better brokers that can supply you with 0.01 lot size, good spreads, high leverage and a relatively nice bonus to come with your deposit. If you haven’t made the move, you can contact me for help. I leave in the US too and there are good brokers out there that can give us a warm embrace.
Cheers,
Reny.
I just purchased Forex Hacked, was trying to set up an account at FXOpen – They don’t accept US Clients – Can anyone give me a good broker taking US Clients?
Thanks,
Hey Paul,
If you haven’t made up your mind as to which broker you want to go with, please contact me and I will be able to help in this regard.
Cheers,
Reny
How can you make this, or any robot for that matter, sell or buy when placing it onto a pair?
I ask this because I wait for the top or bottom of a trend before I enter and I recently bought FH to make my life just a bit easier but I need it to obey my wishes upon entering a newly developing, multi hour trend.
Thanks FBI Admin for the work you do, I really appreciate the service you provide.
Hey Jabba,
It is understandable why you want the robot “obey your wish”. But the robot is coded in a way that it goes against the trend and capitalizes on retracements to profit. That is its strength as well as its weakness. However, if you want to manipulate it to suit your whim, you can select either “Long” or “Short” options from the “Common” tab. The default has both. By selecting one of the two, you’re forcing the robot to take just one position and not the two. But get this: The robot CANNOT trade in a manner that will violate its internally programmed laws. The trick lies in you knowing when to switch the robot off and on when market movers strike the trading arena. Understood?
Cheers,
Reny.
I want to setup the hedge to work from the 3 trade, how can i let it work ??
Hi Mitch,
There’s a fatal flaw in the robot’s Mass Hedge’s coding. Here’s how it’s supposed to work: When your account is suffering from a large drawdown, say the trade gets to 5th level, a new trade will open in the opposite direction of the losing trades and in the same direction of the trend. The logic behind this is that the hedge will prevent the rest of the account from a large drawdown pending the time the trend reverses. But that is not the case with the way Hacked is coded; for, there are errors in the building blocks.
First, Hacked’s default Hedge booster is set at 1.01. To a newbie, it means nothing. To a pro, it is a warning signal. What that means is that the hedge is aimed at cancelling out the first trade with lower lot and many pips behind without taking care of other trades with higher lots that are losing too. These will continue to run amok and eventually add to the drawdown.
Second, compare using Hacked on a trending market to positioning a breakless vehicle on a slippery downward slope and compare the hedge to a wedge or a shock placed between the tires and the ground. Once the wedge or the shock is removed, the vehicle will continue its downward descent. That is how the hedge part of the robot works. The hedge is aimed at mitigating against the losing trades. But because the hedge is followiing the trend, it will hit the Take Profit sooner than the the real trades do. Once the TP is hit, it is taken out of the equation and then the cummulative negative trades increase automatically. This accounts for the great discrepancy between the Account Balance, which is always higher and the Equity, which is always lower. If the hedge exercise continues that way, a level will be reached when the margin level will be less than 100%. At that point, your account is dangerously begging for help so that you can shave off the losing trades with high lots from the list.
If you’re really keen on using the Hedge function, follow these steps: 1. Activate the MassHedge function. 2. Activate the Stop Loss function of the robot. 3. Adjust the Hedge booster value to have the same value as the main booster. Although, I must warn you to have enough money in your account to give room for these “ying-yang” forces working on your account to do their job without scathing your hard-earned money.
Hope my explanation helps.
Cheers,
Reny.
This EA is the best. It is a beast ! I’ve been using it for around 2 weeks. it cam really double your money in less than a month, but be careful.
DON’T YOU EVER CHANGE THE LOT SIZE TO MORE THAN 0.01
This robot tripled my balance, but it lost all the “profit” because I was increasing the lot size as my balance increased. I used the recommended lot size:
100$ = 0.01
200$ = 0.02
& so on.
But it lost it all. Now I’m back to my initial balance. Thank god I changed the lot back to 0.01 before it lost it all.
Use the recommended settings provided with the robot or the one found in the VIP section of this site. Keep the lot 0.01 & wait. It will make you money.
I’ve used 3 robots before this one (Forex Hacked is my 4th) & I’ve never seen such great yet dangerous robot. Stay safe & you’ll earn some cash.
Break A Leg 😉
New Update:
I found the Euro vs. Great Britain Pound pair the most profitable. Apply Forex Hacked 2.3 on it with the Live Micro Settings found in this site’s VIP section.
It’s even better than the recommended settings that came with the robot at purchase !
& remember, never change the lot size ! Always keep it 0.01
Hi Please I want to ask. Has anyone ever tested the mass hedging function, and does it work?
I have tried it several times and I dont see any of the expected effect, both in back-testing and real demo trades.
Hello Pincolo,
I have answered your question above. Please read my response to Mitch’s question that parallels yours. Contact me if you need help. I will be glad to lend you a hand.
Cheers,
Reny.
Newbie question sorry
– Do sites like mt4stats include any spread cost when calculating profit?
– Would provider like FXCM Australia work well with this EA?
Hi Krash0r,
1. Mtstats does not screen the exact spread cost for each order. Actually, MTstats gets data from your MT4 platform, and it calculate everything based on THAT data.
2. When a broker uses MT4 as a platform, this EA can be used.
You can contact me through steven4x@gmail.com for more brokers that can be used with this EA!
To be honest, I find IamFX perfect. They will even provide free VPS, as long as you meet their condition which can be met easily.
I’m a user of them. Great broker. They accept ALL EAs & their spread is awesome. another good thing is that they don’t have high fees. A couple of cents from each trade you win. But their money withdrawal is a bit high, 25.00$.
Hi Abdulmajeed,
Before Dodd-Frank law went into effect in the US, I was with IamFX. I was with them as they metamorphosed from supplying 0.01 lot to 0.05 and finally to 0.10 minimum lot and finally before they went offshore to continue their brokeraging exercise. Going by their current minimum lot, Hacked lovers won’t find them suitable to be with since the base lot is TOO HIGH and will result in a VERY HIGH RISK trading that will kill an account sooner than later. Besides, IamFX won’t give you 1:500 just like that because they don’t have one (at least they didn’t during the time I was with them). Hacked thrives on relatively high leverages.
Also add to that the fact that you’re charged three times on your trades: Your trades are NOT commission-free. So, you’re charged commissions on your trades. You will also be charged swaps which for both long and short positions are negative. Then you’ll pay on the spreads as well. For Hacked lovers, the robot opens large lots during frisky market times and with all these charges stuck in between, their profits will be shedding lots of weight before they get to the traders’ door.
And on the free VPS, uhm, I don’t know about that. Unless they’ve improved their services, it is not worth it. When I was with them, a lot of times the VPS froze on its users making worthy profitable trades losers. So, it is essential to weigh the risks, the pros and the cons, before jumping in bed with IamFX.
There are good and better brokers out there and if you need help in this regard, please don’t hesitate to get in touch. Hope this helps.
Cheers,
Reny.
How can I determine the risk with Forex Hacked ?
Normally I would say I look for the max. number of open lots possible (depending on max. buy trades AND max. sell trades in combination with the booster) and multiply it with the stop loss. This value must then be multiplied with the pip value.
But I do not understand the logic Forex Hacked applies for closing positions. There is no fixed stop loss value for each position right ?
Is the “worst case scenario” really to calculate with the max. number of open buy trades and at the same time with max. numbers of sell trades ?
Thank you for your help !
Stefan
Hi Stefan,
I have created a worksheet that can calculate the risk you have to bear when using this EA. All you can do is replace the number of some important parameter such as Lot size, Pipstarter, TP….
Please feel free to contact me at steven4x@gmail.com for more information!
Hello Stefan,
You are onto something with your questions and I will painstakingly unveil Hacked’s monstrous strategy.
First, Hacked will not operate on a fixed stop loss unless you activate it from the settings, i.e. change the stop loss function from false to true. But if you operate on the default settings, then you’re dealing with a dynamic stop loss which is incumbent on StopLossPCT function in the input tab and eliminating the number of bad trades that are taking extra space unnecessarily. Hacked gets rid of those trades if it seems unrealistic that the trend will return anytime soon.
Second, Hacked’s risk is calculated a little differently than you thought. The progression of the lots is based on the mathematical principle of geometric series, with the minimum lot supplied by the broker acting as the first term, the booster acting as the common ratio and the number of trades acting as the number of terms. For folks with quick mathematical minds, this is the best analogy I can come up with.
For individuals to whom mathematics is a foreign language, let’s assume that the base lot of a broker is 0.01 and the booster you used is 1.5. If the pip starter is 31 and the maximum number of buys and sells is 10, then:
Trade 1 = 0.01———>After 31 pips against the trend, (” * ” means multiply)
Trade 2 = 0.01*1.5—–>After 31 pips against the trend,
Trade 3 = 0.01*1.5*1.5—–>After 31 pips against the trend,
Trade 4 = 0.01 *1.5*1.5*1.5—->After 31 pips against the trend…etc.
By the time the trades get to the 10th level, you must have moved 310 pips (i.e. 31pips/trade*10 trades) against the trend. So, the total debt in pips you owe will be 31 + 2*31 + 3*31 + 4*31 +……10*31. How much you then owe in real money will be determined by the type of account you run.
Next, determine the price of the pairs you’re trading. For example if the current price of EURUSD is 1.5000, it means with a leverage of 1:100, you can trade 1 lot with at least $1500 in your account. With a leverage of 1:300, you can trade 1 lot with at least $500 in your account.
Thus from above, if you add up all the lots from Trade 1 to Trade 10 and if you factor the leverage on which you’re operating the account into equation, the total you come up with must be able to offset what is required to reach the level 10.
Bear in mind that this calculation is made for just one single pair. So, if you run more than one pair, you must multiply the figure above by the number of pairs you run. From the above calculation, the total number of lot to 2 decimal places is 1.12 lots. So if we are operating a STANDARD account with a leverage of 1:300, I’ll need at least $562.
But from the total number of pips above, I’ve already accummulated a pips’ debt of about 1705. For a standard account, 1 pip = $1. What that means is that I will be having a drawdown of $1,705.
Now at this juncture, ask yourself: With about $562 in my account, is it possible for me to take a trade that will require $1705 to complete? The answer is obviously NO. If your originally deposit is $1000, your account will be gone by the time it gets to the 7th level knowing fully well that by the time your margin level gets below 40%, most brokers give you a margin call.
That is the danger in using Hacked. That is why using the right broker which can supply you with 0.01 lot size, a fairly high leverage, tight spreads, commission free trades coupled with other incentives is essential to making a way using Hacked. You must also calculate the risk for your account BEFORE you use any settings on your account.
Even with the best of settings, accounts still blow up. Why? Because the market movements far exceeds what the accounts can take. I often advise friends that contact me to ALWAYS add 60% of the pips requirement to give them some safety net when the market goes wild. For example, if I were to invest using the example above, my initial deposit is going to be 1705 + 1705*0.60 = $2728 or approx $3000. This will give plenty of room if am going to give the robot the free hands to operate.
So, ladies and gentlemen, don’t just hop on any settings out there just because “So and So” said it works great on their account. Settings are like a DNA of an account. They are unique for each account size and must be tweaked to fit what you originally have in the account. Otherwise, it will blow up and what is supposed to be a joyful ride becomes a bumpy odyssey that ends in a nightmare.
Be careful folks. Hacked is a profitable wild beast. It should be tamed rather being toyed with. Contact me if you need help fellows. I am all ears. We are in this for the long haul.
Cheers,
Reny.
Thanks Jerome, What proportion of your account do you withdraw when your account doubles?
Timeframe H1
hello i using your settings on usd/jpy and gbp/usd charts they are the best my account is on alpari. I have a question what about present situation of the usd did y change some settings ? Thanks for all
@Fx man, I’m on my 6th month trading with FH 2.3
@Serge, I only changed
Magic number =default is fine but if you plan to trade with more than 1 pair, it must be different for each pair.
Lots =0.01 (never change it unless you want to burn your account)
45 Takeprofit
31 Pipstarter
1.7 Booster
MaxBuyOrder =8
MaxSellOrder =8
StartHour =0
StartMinute =0
StopHour =0
StopMinute =0
trendStoploss =5 (default setting) ; but as I’m at AlpariUk, I set it to 3
SupportECN =true or false (If you are not sure, just simply ask your broker). I think even if you are not on ECN broker you can keep it set to “true”, not sure…I’m at AlpariUk and they told me it is not totally an ECN account I have, so I put it even to true.
EA_Name =I changed it to “jeromeplayful” because I think your broker can see what ea you are using and I don’t want them to know.
All other settings I didn’t mentionned are default settings.
PS: I recently changed my booster from “1.7” to “1.68” because my broker’s limit is 2 Lots(Not a very good broker for small accounts). You can also use “1.68” booster if you want more chance of not getting a margin call. But “1.7” booster is fine.
PS2 : Withdraw everytime you double your account. This point is very important if you want to become a winner with FH.
Happy trading !
Good Luck
Thanks Jerome. I really appreciate if you share what pairs you are trading? Do you trade 24/7.
Thanks
how do i order the ForexHackedRobot???????????
Dum Wayne……………………………
http://www.forexhacked.com/faq.html
Hello everyone !
Today I’m deciding to share with you my experience with FH 2.3. I hope it will help some people. I’m going to tell you all what happened to me about that ea. Please forgive me for my english, I usually speak french but I think you’ll understand quite well.
So, since the first day I bought FH, I didn’t test anything, I just went through it in live because I don’t like to wait in nature.
My first deposit was with AAAFX with 600€. I didn’t know the meaning of leverage and I can tell you that I went from 600€ to 2300€ in 20 days with leverage 1:100. But the truth is that I closed some trades manually because I got a margin call every single night. I was trading usdjpy, usdchf, gbpusd, audusd and eurusd at the same time. After getting 2300€, I decided to choose only 2 pairs. So I chose eurusd and gbpusd. As I was very confident about that ea and about the good profits it could make, I kept gbpusd with TP 45 and PS 31 with 1.7 booster and eurusd with same settings but with lots at 0.02.
Everything was going very well until eur got down and I had a margin call which explosed my account to about 800€. I was so frustrated about losing so much in some hours and I got out of myself and I didn’t care about anything anymore. I wanted to get back to 2300€ minimum; so I decided to manually trade all by myself with 100 lots. I just wanted to get that money back in some minutes but unfortunately, my craziness killed my account.
I made another deposit of 500€ with the same broker but that time I was trading with leverage 1:200. I was still trading the same pairs as eurusd and gbpusd with the same settings as before but I kept my lots at 0.01. Gbpusd killed my account very fast that time. I guess it was a wrong period.
The 3rd time, I made another deposit but with another broker. I went to Alpari UK and asked for leverage 1:500. I deposit 500€. I chose the same pairs as admin is using. Eurchf and eurgbp with exactly the same settings.
Everything was going well for 3 days then killed my account. The booster was too high for my small account.
So, at this time, I killed all my accounts because of unknowlege and because of beeing too greedy.
I was focusing with my drawdown which is very low I should say but as the ea uses many lots sometimes, you have a probability to get a margin call even if you have a low drawdown.
Now, since last week, I decided to change my style of using that ea and I think that time my settings and the pairs I’m trading with are quite good.
My last deposit was 600€ and I’m trading with gbpusd which is for me the best pair because I get fast money as it goes up and down all the time. I’m also trading usdjpy because as I analysed the charts, I realized most of the pairs went very down due to eur problems except usdjpy which didn’t change. That was the only pair which went up. So now, since last week, I’m trading gbpusd and usdjpy and I know that if one pair will be a disaster, the other one will be stable. I use TP 45 and PS 31 with 1.7 booster. I kept my lots at 0.01. I don’t know if my settings are the safest but what I know is that I still didn’t get a margin call yet and honestly I like my settings. I turn around 5000% margin limit during the day and 8500% at night. For the moment it is quite good and quite safe but I know that a bad day can come some of other day at anytime. So that’s why now I changed my max buy and max sell from 10 to 8. Some people may ask me why? I will answer that from the last 5 months, I didn’t see the ea going further than x8. the further FH multiplied was 6 or 7 I think, not sure anymore. But it never touched x8.
So, conclusion of the story : Forex hacked is a very powerful ea but can also be powerful killing you account if you have bad settings and also if you are too greedy. For sure you will make money, and for sure you will lose money if not set correctly.
I am combining FH and Fapturbo. Fap turbo v.53 is also doing well. For me, those 2 eas work very well. Of course, If I see that I have less than 5000% margin limit, I’m not going to use Fapturbo. I just keep it for the next day.
I let my url of my stats for you who want to see…
http://www.myfxbook.com/fr/members/jeromeplayful/jeromeplayful/124347
PS: Alpari UK is good I think because I don’t want to use more than 0.01 lot anymore and it is leverage 1:500. My greedyness taught me not to be too greedy.
The settings admin is using is very good for big account but not for smaller account less than 1000€. Even if I had more than 1000€, I wouldn’t use 1.9 booster…
Normally at Alpari UK , ECN is for account with 20 000€ deposit or 20 000$. So I set “support ECN” to false but for example when I go to 0.3 lots (ie. 3 winning trades in the same direction, only the 0.3 lot trade is positive and the 0.2 and 0.1 trades are negative.) So I changed support ECN to true and now everything is perfect.
I honestly don’t even think FH will kill my account even if the volatility is very important… The only period you’ll lose money will be only for example when pratically all money will go down for example in 2008. That happens very rarely in life. Maybe in 2 or 3 years there will be another crash? And I know I will make much money with FH after all my mistakes.
Something very important for me : I don’t touch eur anymore because it is the worst money in the world for me because it is too unstable. It can move up or down 3 charts sticked together.
So I won’t use FH with eur anymore until I get 50 000€ I think. I’m so scared about that crazy money now… Eurchf I’m trading actually is with fapturbo and only at night when the market is very quiet. Otherwise, I won’t touch that money during the day.
Good luck for trading evryone and wish you all the best !
Many thanks for the frank report. I think I can benefit from it !
Newbie traders fail when they risk too much. Every single problem comes from risking too much and failing to control the lot sizes opened in relation to their balance. But as you can see on forums, people are risking 30-50% or higher when they are using EAs that does not use a SL. Even if you use a set SL, risking 50% or higher is suicide. Margin call is imminent if you use EAs that do not use SL but you are still risking 50% or more.
Thanks Jeo for sharing your experience.
Thank you very much for your detailed experience, what i would like to know from you is that I’ve set everything correctly but my SL &TP does not get triggered I would still get warnings of green/red flashes but nothing happens (very worried), what am I doing wrong?
Ha, Sounds like fun..
Rodney@dataware.co.nz
jeromeplayful
Good report so for how long have you been trading with FH ?
Hello, jeromeplayful,
I enjoyed your comments on the ForexFBI blog about the “Forex Hacked v2.3” expert advisor. It was so encouraging that I immediately became a VIP member of ForexHackd. Like you I made a $ 600 deposit with a 1:400 leverage (which is the maximum allowed by my broker) and I tried to apply to ForexHacked v2.3 the same settings or parameters you have recommended, namely: Lots 0.01 (for a $ 600 deposit) – TP 45 and PS 31 – Booster 1.7 – MaxBuyOrders and MaxSellOrders 8 – SupportECN true. Unfortunately, you do not say anything about other settings or parameters whose values are probably not all default values. As I wish to do all well and get the same good results as you, I send you below a complete list of all the settings or parameters that I tried to use. So you can correct for me those are bad and advise me the best. This way I will not make mistakes. Please tell me too what timeframe you use: 30 min or 1 H ?
The Settings list for ForexHacked v2.3
Variable Value
____________ Magic Number Must be UNIQUE for each chart!
MagicNumber…………………………..133714
Lots…………………………………………0.01
TakeProfit………………………………..45.0
Booster…………………………………….1.7
PipStarter…………………………………31
MaxBuyOrders………………………….8
MaxSellOrders………………………….8
AllowStopLoss…………………………false
iStopLoss…………………………………300
StartHour…………………………………0
StartMinute………………………………0
StopHour…………………………………0
StopMinute………………………………0
StartingTradeDay……………………..0
EndingTradeDay………………………7
slippage…………………………………..3
allowTrending………………………….true
trendTrigger…………………………….3
trendPips…………………………………5
trendStoploss…………………………..5
StopLossPct…………………………….100.0
TakeProfitPct…………………………..100.0
PauseNewTrades……………………..false
StoppedOutPause…………………….600
SupportECN……………………………true
MassHedge……………………………..false
MassHedgeBooster………………….1.01
TradesDeep…………………………….5
EA_Name……………………………….ForexHacked2.3
Thank you in advance for your help I expect very soon.
Thank you in advance for your help that I look forward to.
Please apologize I did not go not trough all posts, instead ask the question here :
WHAT IS THE MINIMUM BALANCE AMOUNT TO TRADE FOREX HACKED IN A CONSERVATIVE WAY ?
I intend to use USD 300,– for GBPUSD
Is there any broker who allows such small lot size to trade so conservatively with this budget ?
Thanks in advance to the community for the kind help !
@Stefan:
It is always a good practice to go through what others have written on this forum before jumping into the Hacked’s band wagon. That way, you will have a feel of what others have said about the robot’s risk and money management.
To answer your question headon, there are brokers that will provide you with micro lots. But just having the provision for small lot sizes is not just enough. The settings must be adjusted accodingly to match the invested capital.
You may shoot me an email if you need help in this regard.
Cheers,
Reny.
reny4forex@yahoo.com
Can anyone please tell me how can I join VIP section here?
http://forexfbi.com/vip/
Go there and enter your name and email address and it will be e-mailed to you.
Hi Lee & Wan
I used the VIP settings of Forex FBI
Sincerely
Toni
Hello Tony, my email is andrewstox@yahoo.com .
Hello Tony, my email is websuche@gmail.com
Hello can anyone please tell me what are the best settings for a $200 standard live account? By the way how can I join the vip section here?
Thanks.
@Jano25:
The best setting will involve a conservative pair, a low pip booster, a high pip starter and a relatively high take profit to compensate for the high pip starter. Alternatively, you can disable the martingale function of the robot and go constant lot so that in the end, your maximum buy/sell can be bumped up to compensate for the disabling of the dangerous strategy. $200 is very low. You definitely need a VERY low risk setting.
If you need help, let me know.
Cheers,
Reny.
reny4forex@yahoo.com.
Hi, anyone have an idea where to get help for forex hacked EA? I have contacted their support several times, but am not getting the solution I need.
The problem is that the ea does not make trades. The following error message appears in the journals tab: 2011.06.22 16:08:23 ‘*****’: order sell 0.10 GBPUSD opening at 0.00000 sl: 0.00000 tp: 0.00000 failed [Trade is disabled]
Also, in the experts tab of the MT4, the following error: 2011.06.22 16:24:04 ForexHacked23 GBPUSD,H1: invalid ticket for OrderModify function
any help would be greatly appreciated!
@Johan:
There are a couple of reasons this might be happening to your EA:
1. It could be that the broker disabled the EA as a result of recognizing it as an “illegal” EA. Some brokers do. So, check with the broker you’re using. If it is confirmed that the broker doesn’t have anything against the EA, then go to the second reason.
2. It might be that you accidentally entered TP = 0, which will interfere with the internal logic of the robot if you set the “AllowStopLoss” to “False”. If that is not the case, then proceed to reason #3.
3. It might be that your account size is NOT enough to withstand opening another trade. Solutions: First check the leverage you’re operating the account on. If the leverage is much lower, then contact your broker to help you boost it.
If you hit a wall in this regard, then consider reducing the number of charts you’re running the EA on. If you’ve reduced the charts to just one or you’ve been previously running just one chart, then consider reducing the lot size to the barest minimum the broker provides you with. If you’re currently running the bare bone lot size, then consider funding your account.
If none of this works, please send me an email.
Cheers,
Reny.
reny4forex@yahoo.com
shoot me an email to assist you.
Good, your question is already answered by Reny.
Hi Johan, you need to activate your license. Improper or lack of correct user license in the first 2 lines under Inputs Tab (use F7) can result in this problem. Good luck..
With Forex Hacked Live Micro Account Settings (Updated May, 2011) Question :
When do I change my lot size from 0.01C per pip to 0.02C per pip or will Forex Hacked automatically change the first transaction from 0.01C to 0.02C when the amount in my account is big enough?
I currently have about $240 in my account with a leverage of 1:500 and I started my account with $125 about three weeks ago
I am only trading the EUR/CHF
Your expert advice in this regard will be highly appreciated
Hi,
What settings did you use for your account? Was it the VIP settings? I am curious as I am planning to set up an account with an amount similar to yours.
Thanks.
Hi Toni
Whats your setting?
Hello Toni,
You have to increase your risk manually. I advise against it until you have a substantial balance. This EA is great ,but you can expect to get bit a few times a year and you need to survive that. The VIP settings are aggressive as a rule compared to factory defaults so just sit back and give it a few months.
Hi Andre
Thank you very much for your reply and advice
i would very much like to have your email address or I can give you mine
I do not know what the rules say about it
Sincerely
Toni
Hello all, thanks for the useful advice here so far, goldmin. I am new to FX so please bear with if questions are dumb. I am still a bit confused about lot size, if my risk profile is low, I am using the standard account settings from VIP and I am using 200:1 leverage and I have an account of GBP2500 ($4000) what lot size would I use? Is there a simple multiplier I could use to increment it every 1k? Also what would be a low-medium risk lot size?
Also I notice on the demo account in myfxbook that one of the currency pairs is removed after the first month. This seems sensible as the other pairs out perform it, but what settings would you change when going down to 2 pairs or are the settings global across all pairs and thus do not need amending? I should probably RTFM I guess….
@Stingvar:
#1, there are a few red flags on what you’ve said so far: First, the leverage you’re running your account on is a tad low. Go with a leverage that is at least 1:300. If your broker doesn’t give you this, consider moving to another. Second, it is always advisable to move from a minimum of 0.01 lot size and allow the robot’s booster to increase the lot size in order of its magnitude. The higher the base lot, the higher your potential to make more money in the market; and the higher the risk you’re taking to blow up your account. So, start with the lowest available lot size and walk your way up. Otherwise, you’ll be setting up your account for a disaster.
#2, when you said you wanted to know what the low to medium risks are, you’re talking of something that is purely subjective as there are different factors controlling the behavior of the robot. Did you mean low lot sizes? How low? Or few charts to run the account on? How few? Or a lower value of the booster? Why enter a certain number? How high is too high? All these parameters are responsible for controlling the risk of the robot. How individuals use them will purely depend on what they are willing to risk in the trading process. The risk you consider medium might be too low for me while to some other person, it is too high. So, it’s measured in terms of the appetite individuals have for risks. As far as I know, forex “risk-o-meter” is yet to be designed. If it is, I will be the first in line to buy the instrument. But an understanding of the basic rules of money management can go a long way to saving the day.
#3, if you decrease the number of charts you’re running an account on and you really want to make up the difference, you may bump up the booster value and the base lot or just one out of the two. But you’re doing so at your own risk because if the market goes frisky on you and your trades get caught in Elliot waves, then you’re dead.
Send me an email if I haven’t addressed your concerns properly.
Cheers,
Reny.
reny4forex@yahoo.com
Hello All,
How many accounts can you run at a time on forex hacked ? Three, Four or Five ?
Only one live account unless you buy more license.
Hello,
I’m using Ultra Hosting (VPS) with F.H. I recently found out that on every Sunday morning from 12:00 – 2:00 Ultra Hosting shuts down for a scheduled Maintenance and/or Equipment Upgrades. Did any else know that? If so, how do you properly shut down F.H.? When you turn F.H. back on, does it detect the Trades that were opened prior to a proper shut down or a forced shut down? Thank you all for your help…
Yes it will pick up where it left off. You should add your terminal.exe to the startup on your vps.
Yes, I use Ultra Hosting as well. There are steps I take to protect myself for the maintenance shut down. I first off save the EA Profile. I give it it’s own name as well as name it Default. I up to today use to have the MT4’s in the start up but you also run the risk of having 2 instances of the Platform running . This is of course if you have the ability to have 2 log ins with UltraHosting. I occasionally would log into the VPS from my Blackberry and if my pc was still connected it would start a separate session with another set of MT4’s … not pretty to say the least ,lol. So I will now just start the platform every sunday.
I have never had a problem of the EA losing trades btw.
Hello admin, could you please tell me why you say trendstoploss 10 (fxopen minimum)? Why fxopen minimum? Alpari is not ok? Could you please explain the reason? Thank you very much admin…
Regards
FXopens minimum stoploss is 10 pips so if I set the trendstoploss to 8 pips, it would turn an error and the stoploss wouldnt be set making the trending feature partially useless. Not sure what Alpari’s minimum stoploss is but I doubt its higher than 10.
Hi,
can someone tell me please what settings is best for minimal loss
for ver. 2.3 ?
and
How can I join VIP of this website for custom settings ?
Thank you !
@Ivan:
There’s no doubt that you want to make the best out the robot by minimizing your loss. That is the dream of every trader on this forum. However, not every trader has the same investment and appetite for risk. So, the answer to your question hinges on two other questions:
1. How much are you planning to invest?
2. How much of that investment are you willing to risk?
Unless you’re able to come up with convincing answers to these questions, you might unwittingly be prepping your account for the Kabuki dance of death.
Feel free to email me if you’re not sure of how to proceed. I’ll be glad to help you.
Cheers,
Reny
reny4forex@yahoo.com
Go to vip section at the top and sign up
Beware of the booter setting use it wisely or else … can wipe out your acct.
0.01 lots
45 takeprofit
31 pipstarter
1.7 booster
max buys =10
max sells =10
allow stop loss =false
start hour =0
stop hour =0
start trading day =0
end trading day =7
stoplosspct =100
takeprofitpct =100
support ecn =true
masshedge =false
Ivan, talk to Reny4jah he is very good at it .
How to join VIP: Subscribe to the Newsletter and U’ll receive the pass
As from 2011.05.10 to 2011.06.16,The no of Pip gain for forexFBI account is negative -2904 but yet the profit is positive 724.37?
Hello Wan,
A pip is a Pip no matter the lot size. FH is a martingale EA, the Lot sizes get larger the deeper the trade goes against you. Hence you can have 6 losing trades close and 1 winner but show a loss in pips and a actually make money as the largest position made up for the 6 losers.
@Gilis:
This is one of the most intelligent questions ever asked on this forum and it is one of the reasons many newbies inadvertently blow up their accounts.
The straight answer to your question is that this happens when the Magic Number for each chart is NOT uniquely different from the other. For example, let’s say I’m running my trades on EURUSD with the minimum lot of 0.01, booster value 1.6 and maximum buy/sell, 10. Let’s assume that the 4th trade is already opened, which by our calculation should be 0.04. If at this point I decided to add another pair, say AUDUSD, and I failed in my duty to change the magic number such that the number on that chart is different from that of EURUSD’s, the AUDUSD’s FIRST trade will be equivalent to EURUSD’s 5th trade. In this case, its first trade will have a lot size of 0.07 (i.e. 1.6*0,04…). The robot will totally disregard whatever your initial input is for the lot size in the expected field and then follow the que of the previous chart’s order.
Thus, something that appears to be totally insignificant in its coding can have rankling effects on the overall performance of the robot with a view to letting you make or break the trades.
It is not also clear from the way you crafted the question, who is opened the trade. When you said “I have opened a trade with a lot of 0.02”, did you mean the robot opened it or did you mean you manually opened the trade? If you manually opened it, then the robot has nothing to do with it since your chart is not run with the aid of any magic number. If you however meant the robot opened the trade, then the explanation above does a good job laying bare the cause and curse of the troubling enigma.
Cheers,
Reny.
reny4forex@yahoo.com
I get “invalid ticket for ordermodify function” on the Expert tab, and no trades are occurring. I see someone on this thread had the same problem but I haven’t found a solution online. Anyone knows how to deal with this? Thanks in advance.
@Comando:
A number of factors could be responsible. You may send me an email, maybe we can ‘collabo’ via the Teamviewer to get the problem solved.
Cheers,
Reny.
reny4forex@yahoo.com
hi am new for this and i have a live account and wish u that u can help me
Check the ECN setting. Try the opposite. Has anyone had any luck with contacting Forex Hacked Support ? They did reply once last week.
why dont i get the results that you talk about on the website?i use 2 currency pairs on a micro account with booster 1.7 and ps 31 and tp 45 my lot size is 0.1 on each!the website says you can make close to 1000$ with those settings yet i only make about 350$ per month!whats going on?
Hi Steyn. I am no expert on forex or this EA. I Think you should be very happy with the profit your EA is making you on a micro account. I think you would need to play around with some of the settings on the account, decrease the leverage account size and increase your account size. I would recomend trying anything new on a demo account first. Look at some of the previous comments and you will find some more than helpfull tips on tweaking the settings. Good luck
Hi All, i have a Q` ?how come sometimes ,when open new EA with new magic no` ,the robot raise the lot that i choose : example from now , i have opened a trade with a LOT of 0.02 ,but the robot chose to perform my firs buy at 0.1 , which is 5 times higher than my settings , it can cause a big “hole” in my account. shouldnt it work according to my configuration ? 10X in advance !
Hi admin,hi every one
your help will be realy apreciated,i am going to open amicro account with fxopen with amount $700,and i need your kind advise is the amount is ok,and if so what setting should i use,how many curancy pairs should i trade (one,or two) ,and what is it,or are they.thank you very much in advance.
regards
@Farah:
Well, nobody can really tell you if that is enough or not. The simple underlying principle is: Would investing more bring hardships to you and your family? Would your life change for the worse if you hypothetically lost the money to the market? While nobody in particular can answer these questions for you, I’ll let you know that it certainly helps if the account size is a little bigger since Hacked is an anti-trend robot. Having a little more in the account, gives the robot some wiggle room to operate and reap the rewards of market’s reversals.
As for the # of pairs required to trade that account size, uhmmm…it depends on which setting you use. If you use a setting with high booster value, I’ll advise you to seriously consider running just one pair since FXOpen has a high base lot (0.10 is a high risk lot size). If otherwise, you may consider running two pairs.
Which pairs must you run? That should be left to the fundamental dimension of the market’s analysis.
If you have any problem with this, please send me an email.
Cheers,
Reny.
reny4forex@yahoo.com
Farah, If Reny is correct and your min lot size is 0.1 , you will almost certainly blow up your account with 1 pair with only a $700.00 Balance using VIP settings.
I believe the Max Orders are what make the risk.
I have lot size 0.02 and today it bought a trade 4.47 !!!
Now I have lowered the Max Orders to 6 to prevent such risky monster trades.
regards
@Roy W.
Good observation.
However, a number of other functions contribute to the risk of the robot. You cannot ignore the parts played by the Almighty Martingale darling, the pip booster. Nor can you ignore the trading door opener, the pip booster. Even something as subtle as each chart’s Magic Number play a role. All of them work together to increase the robot’s excellent appetite for eating people’s accounts for dinner.
Skillfully work with all of those and you will be able to tame the beast.
Cheers,
Reny.
reny4forex@yahoo.com
How do I get the 15% discount on Forex Hacked ? There is nowhere on their order form for the coupon.
FBI-FOVN-FBI
It was right above the stars on this very page.
Can anyone tell me what the best performing pairs of for Fx Hacked ? and which is the worst performing ?. I looked around the site, I could not find individual results.
I am interested in your personal results on a given pair ? I really don’t want to put it on all the recommended pairs or do I ?
There is no best or worst since FH opens up trades immediately and opens up another one immediately when that trade closes. It is pure price action and grid trading driven. You really don’t want to trade GBPUSD with this. EURUSD is the best choice. Again, best to do EURUSD on ECN broker for pure scalping.
Hello Jonny , thanks for the post. You mentioned “There is no best or worst” then said ” You really don’t want to trade GBPUSD” . ? sort of a confusing answer. I see USD/JPY is common, A$ & EurChF etc. Any stats on other pairs is appreciated.
If you have had it running for any length of time , I would really like to hear from you to . Thank you all :>)
I have a very big problem with this robot
The robot opens the first trade but then immediately closes it, then after a few seconds it does that again, and will do it over and over for half hour and sometimes up to one hour. Very strange. Please help if you have any ideas.
George, I had the same problem, but then I fixed it. It turned out the problem was related to the balance in my account being lower than half the equity. See, out of the total equity in my account over 50% was from bonus credit. It was strange because as soon as I added more $ to the account so that the balance was greater than 50% of the equity the robot started working again. Seems that maybe there is a built in stop out function that will close all trades if balance is lower than 50% equity. Not sure if this applies to you but thought it might help.
Thank you Mike.
I will follow your advice.The strange is after I asked for help the robot
stopped doing this. :):)
how risky will it be changing my booster from 1.7 to 1.9?i have a 1500$ acount and i use 0.01 lot size on 2 curencies
You have 9 max orders set? Do the simple math and see how much you will be risking total if all 9 positions open up. You cannot exceed 5% total trading with this EA. Demo and see how quickly your account goes bust. This is why you do the math first, then demo.
What’s the minimum balance amount( in micro) do I need to have, to use the settings in VIP area? 🙂
FOR PABLO
Hi, can you tell somethink about Rony’s settings?
Thank you pablo
Somebody knows how MassHedge works?
Regards
Hi Admin,
Is there a way for me to ask you a private question…I did not find a contact, and I can appreciate why…its not a big one…perhaps if you emailed me..I would really appreciate it…
Its quite ok to delete this message if you so desire…
Thanks for the FBI Website and the tremendous help it gives to folks…
My email addy is kgwilly@tpg.com.au
fosssil / Kev..
Hi all,
May I ask, does anybody ever set-up Stop Loss’ on FH to avoid Account Blow-up’s? The Great Gordon Gecko once said: The key to the game is your capital reserves. You don’t have enough, you can’t pee in the tall weeds with the big dogs.
Thanks for your replies…
Proper risk lot sizing will avoid account blowups, not arbitrary SL settings. Just make sure your total risk is well under 10%. Calculate that by assuming what if all Martingale positions will open, will that be under 10% total? If not, you are risking too much.
What do you mean by all Martingale positions? It always depends on the account size, how much martingale positions it will open. Doesn’t it? I mean you cannot calculate it.
Here is my example. 1000$ demo account, 0,1lot.
When it was up to 2500$ it started to open martingales like this 0,17 0,29 0,49 0,84 1,42
And today it’s up to 4500$ and it opened these 0,17 0,29 0,49 0,84 1,42 2,41.
Yeah I know it’s too risky, but I couldn’t open a demo account with a minimum lot size of 0,01.
So what do you think?
Max order, grid spacing, multiplication factor, then available equity determines how many Martingale positions it will open. Obviously, if equity is not available to open up another position, it can’t but then you are already very near potential margin call. You definitely do not want to trade this way. And as many have stated, you cannot trade this on brokers whose minimum lot sizing is .1, it must be .01 and you always have to assume at some point, max orders will be opened. You have to make that assumption and calculate risk based on that assumption. If all max orders are opened, what percentage of equity will that be? Will it exceed 50%? You are risking then way too much. Even 10% is too much. Ideally, you want 5% when all max orders are hit.
Thanks to Rony’s settings, patience and help, I achieved 31% profit this week!
Hi,
Can you tell us those settings?
Thanks
pablo pls e-mail me at weidemansteyn@yahoo.com,i also have rony`s settings.just want to ask you one or 2 questions?
I just looked into your MT4 Stats. Since GBP made a huge run up without significant correction (350 pips plus), your account is showing a negative equity. With your floating loss greater than your account balance, why is it that you do not get a margin call? Kindly clarily. Tnx.
The account balance is now up to $26,000+, not $2600, it still has a long way to go before that happens.
admin
how many pairs do you trade.?
It was 2 pair of currency. with setting as in the VIP
Admin, your settings are very aggressive. Is your lot size of 0.1 with FXOpen? If it is, that is okay. Note that lot sixe of 0.1 on FXopen is not equivalent to a lot size of 0.01 on Alpari. Using lot size of 0.01 on Alpari with A/C of $2,700 with a booster of 1.9 is indeed very aggressive. I just about blew my $2,200.00 account on Alpari using 45 TP, 31 PS, booster 1.68 with lot size 0.01 with GBP/USD
Actually my settings are on the safer side. 0.50% per day on forex hacked would be considered very conservative. Yes the 1.9 booster does seem high, but I also run a high balance micro account at 0.1 lots with 1:500 so there is a ton of breathing room.
There are hundreds of different setups you can run with this EA. It’s all about what kind of risk:reward ratio you are comfortable with.
Dear all, I’m about to buy this bot and just wanted one clarification, I live in Australia and the maximum leverage I’ve found here was 1:400 with one of the best brokers around, is it ok to run this bot with this much leverage ? or does it have to be 1:500 ? Thanks
@Tiago:
You probably are writing about Pepperstone broker. Yeah, they are pretty new to the block and still need some time to prove their business-worthiness. Certainly, a leverage of 1:500 is better than that of 1:400. Hacked always craves for the higher leverage because of its core strategy. But there’s nothing that tells you should stick with them. There are better brokers that can give you both the higher leverage and deposit bonus to go with opening an account.
If you need help in this regard, please don’t hesitate to send me an email. I am more than happy to help.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Reny..hope you are OK..I sent you an email a few days ago..(from kgwilly address,.perhaps it got lost…I will send it again…regards,
fosssil
Admin
Why am I not getting these profitable results. I know I have just testedFH fo rthe last 4 days only but I see nothing but more losses than gains. Yes the EA is trading fine on FXopen and TDFX. I have tried your settings from the VIP area and tried scalper settings but just not much for me to get excited about. will this turn around for me? please advise in details..Thx in advance
Try a slightly higher booster, like 1.7 or 1.8. Keep in mind this acts as a multiplier so make sure you are starting at 0.01 or 0.1 lots and a leverage of 1:500 to 1:300 if possible.
My new live account is running 1:500 leverage with the following settings:
1.9 booster
45 TP
31 Pipstarter
11 max sells
11 max buys
trendtrigger 3
trendpips 5
trendstoploss 10 (fxopen minimum)
Does anyone know where I can get the documentation for this system? I tried finding it on their website. I client of mine wants me to set this system up for him so I want to preview the docs for instructions and requirements before he makes to the purchase.
Thanks!
why it showed “invalid ticket for ordermodify function”?
Hi folks, hi admin,
Yesterday I bought Forex Hacked and installed it on FX Open demo micro account. But since then it can’t start trading. Can anybody advise me what is the problem. Also the icon of Forex Hacked in Navigation section of Meta trader remains grey.
My e-mail is tishoil@abv.bg
Thanks!
I’m having the same problem, except on my live account. My demo account was working fine, but since installing it on my live account last night there have been no trades opened up.
I followed the directions in the installation guide to the letter. I changed my account number in the members area of the forexhacked.com members area, and everything shows as being installed successfully in MT4, with the smiley face showing also.
Help please!
rocketsfan05@yahoo.com
Hello all,
i have just opened an account with finfx, transfered my deposit and everything but I cannot find the experts folder to drop FH in..i dont even think it came with one. can somebody please help me out! i wanna get started already!
hello all, i’d like to use this EA but i’m having a hard time finding a forex broker with 500:1 leverage that will accept U.S. clients. I know there are overseas brokers that will provide this leverage because they are not regulated by the CFTC. Does anyone have a list of brokers that will provide 500:1 leverage (or higher) to U.S. residents. It seems like having this leverage is crucial with ForexHacked because of the occasionally large drawdown that can occur. Thanks for the great website/discussion, and any help you can give.
@Amanda:
U may send me an email maybe I can give a couple of suggestions.
Cheers,
Reny
reny4forex@yahoo.com
Please also send me
Amanda send me an email: cschimelman@yahoo.com
Hello All,
I have a new Alpari UK account which with to use FH. I hope to start off with a $1000 capital. How do I prevent FH from trading on a Friday. I just want to trade from Mon – Thurs. Also, I have an account running Mega Droid which is doing pretty well. Which do you recommend I invest more in? Mega Droid vs FapTurbo vs FH. Also, MD and FT are on Money Management so they tend to set lot size…the profits are trickling in but I want to increase profit size, Do I increase my capital or what? Any recommendation?
Cheers
how to get the EA? thanks
To anybody who can help:
I’ve been running FH on a demo account but im wondering when i open another chart and try to connect FH to it, all looks well happy face and all but these new currency pairs dont ever get a trade opened for them by the EA. Any help would be MUCH appreciated.
Thank you-
hmm i got the same problem as well 🙁
Hi soon weifie… any luck yet solving this problem? Was the EA ever working for you. It was working for me fine until 2 days ago… then all of a sudden started this non stop closing of each order. Very strange.
What build of mt4 are you using? My broker is build 401. Is anyone out there using build 401 and NOT having a problem with forex hacked immediately closing each trade?
Is anyone else having this problem? The EA opens the first trade but then immediately closes it, then after a few seconds it does that again, and will do it over and over until I close the chart. Very strange. Please help if you have any ideas.
Try a reset. Or even delete and copy again in espert folder.
I tried reinstalling the EA, reinstalling mt4 and I even tried a different computer. The problem is persisting. It will open a trade, but it immediately closes the trade and then does this over and over every several seconds. Anyone else having this issue? I’d like to also say that the EA is working perfectly on several demo accounts and making fantastic returns with the settings recommended by admin.
Mike I face the same problem.Did you find any solution
Have been running this EA on my Live account (fx open min account) for nearly a month now, i have seen my account grow 50% during this period, started with 2k hit 3k a few days back. I am using the VIP setting except for the lot size, using .02 instead of .01. This EA is relentless, Just works round the clock with out fail. Quite impressed thus far.
Hi everyone! I’m about to install this on an account initially opened with $3500, now up to $5500 thanks to another EA. I’m with Hotforex on a NextPointHosting VPS. Which settings should be used, in order to make some profits, pay off the purchase price of the EA, and not burn this account?
I’m with the same broker and started off with the same size account. I have all 5 currency pairs recommended by Forexhacked and running the following settings below. I have my lot sizes at 0.03 on all charts except for the EUR/USD as it’s been too volatile lately so it’s set even lower. Seeing a max drawdown of around 8% . The results are really steady, right about $400 per day. If you go with bigger lot sizes I guarantee you that you’ll over leverage your account at some point and get stopped out – DO NOT get greedy. Even my lot sizes are bit aggressive when you consider the sum of all the charts exceed the recommended lot sizes from ForexHacked. Best of luck.
<<<<<<<<<<<>>>>>>>>>>>>
These settings offer medium to low risk, with a high profit potential.
35 takeprofit
21 pipstarter
1.65 booster
10 max buys
10 max sells
The rest default.
Stephen, those are good stats. Do you have much equity to play with? My account is on about $2700 and I am using 0.01 with 31 pip starter (if you check Admin, he uses 31 pip starter on the metatrader results NOT 21 as stated in his settings), profit taking at 45 pips. With this equity I have enough to go to 10 pipstarters if necessary with a bit left over. If I move to 11 pipstarters I risk blowing the account. I am waiting until I get to $3630 before moving to 11 pipstarters. I use GBP/USD only. I would like to move up to 0.02 but I would reduce number of pipstarters which might result in a margin call if the market moved against me.
I started the live trading using the settings I mentioned on May 5th with $5800. I’m expecting to break $10,000 sometime today. I still have the Euro at 0.02 lots and the rest are 0.03. I’ll disable the EA and close out the trades next Wed when the non farm payroll report is released, then turn it all back on.
Hi Stephan,
Can you let me know your IM or email? For me to ask you when to stop the EA because I realize that this EA is so risky when the market has trend and the price action just goes on one way.
Anyhow, I’ve been running 1 demo account and 1 live account which performs impressively so far (more than 40%)
hi stef
you mean FH will double your account in 1 month.?
Hi Stephen,
What is the trading capital you are using for your account size? With the huge run up of GU lately, how has it done for you?
hey stephen,
So are you running 5 pairs on the one account? Are you running on a standard account at 300:1 leverage? was your equity total $5,800 after you received the bonus money from hot forex?
Hi, I ‘m trying to learn about FH before using it even though I have already purchased it !. My understanding about FH so far is that it works really well in a trading range market and not as well, if not too risky, in a trending market. So isn’t it better to turn the expert advisor on and off based on a trending indicator ( such as ADX) ie to be turned off if ADX reading is above say 40? I guess that will give a better and much safer outcome, I think !
Mike, i have the exact same problem. If i check the option “Ask manual confirmation”, the signal gets generated, but without this option, nothing happens.
Pablo
polcity@gmail.com
is it possible to get the set file that you are using on this site?
Unfortunately I can’t seem to get the EA to place a trade now on my new live cent account. I logged in to the member area and changed the account number, and i know i have it installed properly because i was able to get it working on my previous account. Anyone have any ideas? Are there some brokers the EA won’t work on? (other than the nfa fifo ones)
Hi everyone, i am reading a lot that we should make withdral’s if we make a profit.
How often would be right?
I am using this EA for a little bit over a week and it’s very impressive so far.
If i open a life Micro account with $200 should i wait until it doubles and then make a withdral ? Or what could you suggust
Thanks
Herman
herm71@gmail.com
Hello and please reply
After purchase this EA if any need to requesting same sofware to be hard coded with live account number to trade live. because normally after purchase EA only can be used in demo account p/s comment
Hi,
I am planning to purchase Forex Hacked and I would like to know if I can run it on demo for a week or two and then put it on live account? Or are there any limitations due to account (broker) number required for purchase? Thanks for comments…
I have a standard account with 500:1 leverage and $3,000 equity but I’m afraid to run the EA because on a demo it got pretty close to margin. Without having to run this EA on every pair on demo accounts, can you all please chip in your thoughts and tell me what the SAFEST pair to run this EA on is? I would probably use 35tp, 1.6 pipbooster, and 21 pipstarter, and 10 max trades. I am just wondering what currency pair you all feel is the safest. Even if my gains are less, I would like to go with a very safe set up. I will be happy gaining 10% to 20% per month. Thanks for any feedback you can give me. Great website and discussion.
Mike, Back that pip starter back and then way back again if you want a safer system. and dont be to aggressive with increasing the pipbooster. Back that pip starter back to 45 or 60 ( or more)and see how much safer it is. Some settings might be as high at 140, And then test on other pairs, Gp/us isnt a very safe pair, its just profitable cause it moves up and down alot.
Thanks Gary! I’ll give that a shot for sure! Unfortunately I can’t seem to get the EA to place a trade now on my new live cent account. I logged in to the member area and changed the account number, and i know i have it installed properly because it was working on the previous account. Any ideas? Are there some brokers the EA won’t work on? (other than the nfa fifo ones)
Hey Mike:
What messages do you have in the Expert tab? It should tell you why it is not trading.
If the problem persists, send me an email so I can have a look using Teamviewer.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Reny,
I will send you an email now with the logs from the experts tab attached.
Thanks,
– Mike
Hi Reny,
did you get my email? I switched the EA back to my old account and it will place a trade now, however it closes the trade immediately. Then it does it again. It keeps opening the first trade and then closes over and over. Any ideas?
Hello, I bet this has been asked a lot here, but for very small accounts what would be a minimum amount that would work with F.H., $100, $300, $500, more…? Obviously with proper leverage, lots and settings. What could also be its performance? Can you expect this to be doubled in 1-2 weeks as known for F.H.?? Thanks!
This site is awesome!!! So much information and helpful people. Just opened up my first demo account with fxopen with $1000USD and im excited to see how this EA play out!! I was curious if everyone is still having success with the current settings in the vip. If so what currency pair would u guys recommend right now? Thanks in advance to all!!! Keep up the good work!!
All the information here is awesome!! I was curious as to what the best brokers are available to the US that offered 1:500 leverage with lot sizes as small as .01? Any help on this would be much appreciated. Thanks a million!!!
-Jerry
If any one is really frustrated and needs help getting this to run, let me know and I will help a few of you by remote log in. Im on Hawaii time and might be able to help in the evenings. I use team vewier and its free. No fee.
Garryh@rocketmail.com
I bought ForexHacked and it does not work. In backtest neither. Could somebody help me? cosmin77trix@yahoo.com Thankyou!
Hi all, may I provide a comment and a question? I am running FH 2.3 on a micro account and have been reasonably happy with the results I am getting. On Friday last week I wanted to allow the EA to manage the two trades that were open but not to open any more as I wanted all positions closed for the weekend. I set the ‘Pause New Trades’ input to TRUE as per the settings manual. However when I came back about 2 hours later the EA had continued to open new trades and I had lost about 50% of my account. I emailed FH support, explained what had happened and asked if had missed something or if there was a problem. I received the following; “Thank you for contact us. You cannot pause the EA, wither you leave it running 24/7 or you take it from the chart , close all trades , and when you decide to trade again, attach the EA and leave it again ON 24/7 ” .
I asked for an explanation of what the ‘Pause New Trades’ was expected to do and received the following; “Better we avoid this option because the order can be closed and we get a OrderModify issue.”
My comment: I am a little concerned that there may be other inputs which I did not use in testing which could have the same problem.
My question: are you aware of any other settings which should be avaided.
Thank you and take care
Thanks for the warning. I want to pause the GBP/USD on my account because the GBP has high impact news overnight. Yikes, the EA has 13 open trades on the GBP/USD currently and down over $1600 at the moment. I hope the news is good or else…
stephen, how the the trades pan out in the end, did you end up in profit? My account was ok
Pause New Trades, doesnt work since FH 2.1, the best is disable experts in mt4 and take control manually.
Hi, everyone! I’m a happy Forex Hacked customer and feel honored just the 1000st post here! Cheers and wishing the best in you forex courier with Forex Hacked!!!
Just want to know , this robot can be used in interbank broker and how the performan
Okay, I’m very optimistic and excited about this EA. It obviously has earned a lot of attention. I have used several EAs in the past and I am familiar with Martingale and the risks normally associated. The fact that this has strategies to minimize risk are what got me interested. My question right now is regarding the lot size. I am running the settings recommended by Forex FBI vip area. I am running on the Eur/jpy and gbp/usd. I have 5k equity and 500:1 leverage. I understand from the EA manual that .05 lots would be recommended for my account size. However I am running only .01 lots to see what profits are like. So far profits are great. Up $186 in two days. Can i expect gains like that to continue? even with such small lot size? And… how much safer is .01 versus .05? I’m assuming profits will be considerably less, but is the risk being reduced proportionately? If I can earn 20% per month with very, very little (read almost zero) risk I will be very happy. Is that likely with the set up i just described?
i have been running this EA for a short while (less than 48 hrs) on a demo with very similar settings to those that are available in the VIP area. The performance is very good. im not normally a fan of EA’s, however this one can really be used to your advantage. max drawdown of under 1-5%, normally under 1% though. 20% profit as i type. it ran through the cable drop of 150 points on 3/5/11 and managed to get any losses back, although losses were only profit losses rather than losses from original capital / deposit. be sensible, keep lot sizes in proportion to account size, with draw profits regularly and don’t get greedy.
thanks to forex FBI for settings, very impressive so far!
regards
I am a US Citizen and trade with an offshore broker that is very good with leverage up to 500:1 up to any $$ amount. If you want the company name, feel free to email me. Condsider this a gift to all US investors and forex traders around the world 🙂
My email address is: cschimelman@yahoo.com
One comment that has been brought to my attention: I am not an IB nor do I make any money by referring you. I am a true patriot against the “Big Brother” intrusion in our lives and our pocket.
Hi Craig: I live in USA… It’s VERY NICE to know there’s an Oversea FX Broker with 1:500 Leverage (PLEASE Provide me more Info. About the High Leverage Broker(s) _ Thanks very Much…. By The way, How long have you been using the Forex Hacked EA ? How’s the Performance that you think about this Software ? ? Thanks for the Info – Wishing for the Very Best PIPing Days, and DAYS to come….
Hi all, i am receiving the following error in the expert tab:
“ForexHacked23 EURUSD,H1: invalid ticket for OrderModify function”
Anybody can help?
Thanks.
I have this error message too. For 2 weeks, no solutions yet!
@Phi & Gus:
Please check your email. I’ve outlined the solutions to the problem in it. For the benefit of others that may have tne same problem, consider doing this:
But first, you must understand that the problem most of the time arises as a result of running more than one pair or more than one chart concurrently. So, whenever that message comes up in the Expert folder, do the following:
1. Make sure that all the currency pairs are on the same timeframe. In the case of Hacked, use H1.
2. Change the Magic # for each pair you run so that no two charts or pairs run have exactly the same magic #. For example, if you’re running the EurUsd and AudUsd pairs. If the Magic # for EU is 13374, change that of AU to 13375 and click OK. That should unbind the code.
If either of you still have problems with the operation, shoot me an email.
Cheers,
Reny.
reny4forex@yahoo.com
Also check the lot size, some brokers do not trade micro lots. This will also produce such error.
A lot better the change to myfxbook thanks Admin
TRY FH2.3 IN LIVE ACCOUNT FOR THE PAST TWO MONTHS WITH GREAT SUCCESS. THE ONLY PROBLEM IS THAT YOUR ACCOUNT MUST BE LARGE ENOUGH TO AFFORD THE DRAWDOWNS(SOMETIMES SEVERAL HUNDRED DOLLARS) MY SETTINGS IS THOSE WITH TP=35-PAIR gbpusd -1hr
Could you post your full settings and where they are from? FH Memberships site, Forexfbi, and so on? I use Peterson settings on USDJPY and USDCHF with good results.
Peterson settings? Can you post the settings, please?
Hi Thomas, could pls email me Peterson settings? I’ve been running this FH2.3 with success at all the FH does not pick up my TP which is currently set at 45 and SL. Is there anything I’m doing wrong? Please assist I want to start my live acc. Ican’t start it until I’m satisfied that it’s work for me.
mbusoez@hotmail.co.uk
Has anyone noted if the “trending” feature on the latest version of FH (2.3) is actually working? The feature is supposed to adjust the takeprofit up slightly when close to its price and continue doing so until the price begins to reverse and will then close out the position as it is described in the manual. The idea is to squeeze a few extra pips but the feature has never functioned for me.
I have it enabled but have no idea what the impact is. All I do know is the EA is running very well using 1:500 leverage and the recommended lot sizes from Forexhacked.
If your TP is set at 45, for example, then with the trending enabled at the default the TP should be closed at a slightly higher level (between 3-5 pips). The EA has never done so; other than that it’s functioning as advertised. But I would like to figure out how to get the feature to function. Anyone have any ideas?
what is the safest currency pair cause im curently using the gbp/usd witch fx hacked says is the safest/but it doesnt look that safe to me,im in a 300 dollar drawdown and probably gonna lose half of my acount/
gbpusd is one of the most volatile pairs you can possibly use. I learned that lesson the hard way. Try audusd or usdjpy. I am personally using eurusd with low risk settings and am having success. The best thing to do is to try a currency pair alone on a demo account and learn its personality before you use it on a live account.
Do you mind sharing the settings you are using?