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)
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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.
Thanks for all the enlightening postings.
I want to ask about brokers and platforms. What do you think of spread betting mt4 platforms? I am in the UK, and have been considering Smart Live Markets (now GKFX).
Profits from Spread betting in the UK are tax exempt, and the margin available for trading is the full equity.
Am I right, and is this a good strategy to consider?
Thank you ForexFBI. I bought FH using your 15% direct link 36 hours ago. I tested FH in a 5K demo Alpari account with the standard settings. Last night the EURUSD dived 177 pips, and FH got negative 300 usd open trades. At the end of the day, FH executed stop loss with negative 60 usd and still came out with positive trades. As of now, my 5K is already 5,108 usd with open trade of just negative 5 usd. 100 usd earnings in 36 hours of rock & roll 🙂
I shut down both FXOpen accounts during the holiday and re-started both yesterday. One account is trading fine but the other has done nothing. No changes have been made on the settings and the experts tab on both MT4s say the EA initialized. I even uninstalled & re-installed the EA on the affected account to no avail. I’m sure I’ve missed something obvious (yes, the EA shows a smiley face and I have read through the manual) but darned if I can figure out what I’m missing. Could admin shed some light? Thanks in advance for any assistance.
Hi Stephen
It could be that you need to adjust the settings in your MT4 platform. Try the following:
With your MT4 running, click on “Tools” at the top. Then on “Options”. Then on “Expert Advisors”. Make sure the following are ticked: “Enable Expert Advisors”, “Allow live trading”, “Allow DLL imports” and “Allow external experts imports”. Click OK, and see if things are working now.
If Forex Hacked does not open any trade within a minute or 2 (usually opens a trade within a few seconds), hover your mouse pointer over the chart and right click. A drop down menu should open. Hover your pointer over “Expert Advisors” and a sub-menu should open. Left click on “Properties”. Click on the “Common” tab. Make sure the following are ticked: “Enable alerts”, “Allow live trading”, “Allow DLL imports” and “Allow external experts imports”. The other boxes on the “Common” tab should NOT be ticked. Click on the “Inputs” tab, make sure the inputs there are what you want, then click OK.
If Forex Hacked still does not open any trade within a minute or 2, try changing the input for “Support ECN” to the opposite of how it’s currently set. Click OK. See if it opens a trade.
If it still does not open a trade, try changing the input for “Lot size” from .01 to .1, or vice versa.
If it does not work after that, let us know. But while you’re waiting for an answer, can I suggest you read through all the comments below, including all the older ones. Yes, I know there are 1,424 of them, but there are some nuggets in there, including the things I’ve just listed above to get FH working. Plus lots of discussion to help you understand FH, manage your risk with it, and maximise your profits.
Hope this helps. Best wishes, Nick
Hi guys,am a newbie to forex trading am thinking of buying forexhacked is it worth buying and is there a trail version before buying.?what is the best broker to use am from ireland and thinking of starting small with about $500 just to get started..any info would really help and my email is da vid star let @ g mail .com (and remove the spaces for my email) Thanks guys David
Hi Admin
Thanks for this site and all the great advice! Much appreciated.
Can I ask a couple of questions please? Many thanks in anticipation of your help.
Analysing recent trades on your live Fx Open account above, it looks to me like you are now using a booster of 1.75. Earlier trades look like you were using a booster of 1.7. The VIP settings for the live account list a booster of 1.9. Can you please clarify which setting you use (and presumably have found best)? Many thanks.
Because my broker allows a stop-loss of 3, I have used this setting in the trending function. Yet I’m often stopped-out by a minor retrace in a continuing trend. Sometimes this will lead to FH closing then re-opening a position 3 or 4 times before a trend has run its course. I am wondering if a slightly larger stop-loss might be better. Any comments?
I traded GBP/USD on both my demo and live accounts between Christmas and the New Year with the live account VIP settings – and thus a booster of 1.9. Very profitable – but boy did it use a lot of equity before returning a profit! I’m guessing the holiday period has fewer traders active, and thus wilder price action. (Certainly seems to have affected gold prices – extra panicky sell-off.)
Happy New Year! Best wishes, Nick
BRETT You can go to your Expert properties tab from the chart and then the inputs tab if you scroll down and look through your input settings you’ll see 4 areas you can start and stop trading hour and minute start and stop functions. It gives start minute start hour and visa versa to stop.
Would like to know if anyone here is using the scalper settings FH gives on their website … and if so how are you doing with them ?
Also i can’t get but only to message 134 here and they end ? Anyone know how to get to more older messages here ? I keep trying to press the older comments link but message 134 is as far as it takes me. Thanks for any help guyzz !
Hi James
Having read all 1,450 comments on here, the only discussion I’ve seen about the scalper settings is that they don’t work. Maybe they would with the right broker/vps combination. DMA/STP or ECN/STP broker with fast vps servers with ping times to broker servers of 10 ms or less. Usually means broker and vps need to be in the same city. I’m not prepared to take the risk of trying the scalper settings though!
When I read back through the old comments, I just kept clicking on the “Older Comments” button. Please note that while it is on the left at the bottom of this page, it switches to the right at the bottom of older pages. Also the comments are numbered for each individual page – so you could have several pages with a comment marked as # 134. Best to go by the comment date. The oldest comment I have a note of is April 29, 2010. You may not be able to go back that far now.
Hope this helps. Best wishes, Nick
Hello all,
can someone please help me out! all i need is to get the FH ea over to my metatrader 4 platform. Something went wrong with my installation directions page so im clueless to what folder im supposed to drag it. i would appreciate the help!! i am eager to get started
Hi KT
You can log into the Forex Hacked member page and download Forex Hacked again at no cost – your subscription should include the ability to download it again, including updated versions. That way you’ll have the installation directions again. If for some reason you cannot download it again, try downloading the last version (2.3). I think the installation guide is the same.
Hope this helps. Best wishes, Nick
I am an American and have Trading Point as my broker. However, this broker will no longer accept U.S. Residents. However, HotForex will accept U.S. Residents. As you will notice when filling out their application ‘U.S.’ is missing as a country in their dropdown list. Instead you select ‘Other’. I have had several U.S. friends sign up with them and they do offer 500:1 leverage on standard accounts, as well if you talk to them I found out.
any different on fh 2.1 and 2.3?
Hello all. I have a quick question. Does anyone know if it’s possible to set ForexHacked to not open any new trades between a certain time of the day? I want to avoid times when big news hits and would love to not have to wake up at 3am to manually turn off FH and turn it back on again. Is it possible to set a time off and on for this EA? Thanks for your help.
I came across TradingPoint which offer good 1:500 leverage and a micro account with the balance limit of US$10,000. This might be a good broker to start small with FH.
Anyone has an account with this broker?
thanks
Trading point is a good but you can try Hot forex
You get bonuses with both of them but Hot forex allow you to trade with the money they give , Trading Point does not .
Take care
It seems fxopen has have increased the minimun size lot for micro acc to 0.1. If i try to set 0.01 lot on FH, it does not place a trade. How is other users able to set 0.01 on fxopen broker? I’m not ure if this will be applicable if i open a live acc with fxopen.
Anyone else run FH between US and Asian session with high risk settings?
I did with GREAT results:
– quiet hours 21.00-23.00
– EURUSD or GBPUSD
– settings 0.01 per 500 USD
– 31 pip starter / 45 take profit / 1.7 booster / max 5-6 trades
I am a US resident. Anyone know of any US brokers that offer the correct leverage to use with forex hacked robot? I will be using $1000.00. Also how in the world do I manually stop a trade with using this robot? I just can’t figure this thing out 🙁
The only broker that allows hedging that U.S. residents can use is Finfx. They only have up to 1:200 leverage and that is the best you are going to get unless some laws passed by congress get repealed. To manually close a trade just double click on the pair symbol column in the order menu underneath your charts and there will be another screen that pops up where you can click to close the position it is a yellow bar. Good luck.
Try hotforex, you get 1:500 lavarage , they are in the USA but they are good and they give extra bonuses according to your deposit..
The money the give you really can use it when you trade
Take care
I’m sorry….HOTFOREX ARE NOT IN TH USA
I am in the US and had the same problem. I use FinFx with 1:300 leverage. It is not advertised, but if you email support they may be willing to raise to 1:300 depending on how you trade. I have also used HotForex.
Forget it Alicia. An integral part of this EA is hedging and that is prohibited in the US, so no American broker will allow this. Thank your regulators for taking options away from the consumer! FinX is available for now, but as soon as they get the lawsuit from the CFTC, they’ll probably close the American accounts like everyone else did.
Not quite right ac. I have FXDD and have talked with ILQ and FXCM and at least those, an I expect many others, handle hedging and FIFO legally through accounting methods “in the back room”
Can any kind souls in here help me out? I am running on a demo of USD 1000.00 on funds with FH 2.3. Can someone kindly advise me:
1. Is the leverage 1:500 and the lot size of 0.01 should be the appropriate for this account?
2. Is GBP/USD pair the best for this bot?
3. Can I please have a decent setting for the above pair, it would be really helpful.
And if there is any other useful tips I should know please advise me. Thanks a million. My email add is akv1112@yahoo.com.sg
Cheers.
Ashok
Pair= GBP/USD, Leverage 1:500 Lotsize 0.1 pipstarter 50 take profit 80 max buy/ sell 7, booster 1.6 , Stoploss percentage 50.0 % , this setting average monthly return 10%, % of burnt account 20%
lot size is 0.01 not 0.1
Your answers to your questions are as follows. 1:500 and .01 is the correct setting. According to the programmers and many others GBP/USD is the best currency currently to trade on. I trade on GBP/USD exclusively and I use a 45 TP a 36 Pip starter and a 1.8 Booster setting with a .01 lot size. This program is very powerful and can make you a lot of money but the only downside is the inevitable drawdown that will kill your account. So either you have to have enough money to withstand the draw down or you have to just take profits regularly on a smaller account size in order to make money on this program which you will if you don’t get greedy. Hope this helps.
This EA sounds like another that’s too good to be true.I’ve been burned a number of times;but,this one has such consistant,positive reviews that I might give it a try. Is there anyone who has had a losing experience with this?
Hi Sal
The old version of Forex Hacked destroyed a demo account I was trialling it on. That was a year ago. It’s only now that I’m looking at Forex Hacked again. I have read all 1,424 comments below – I learned a lot from that, and I recommend you read them all too. There are stories there of people who have blown up their accounts. But also information on how to minimise the risks while maintaining profits. Many people are doing very well with Forex Hacked.
My opinion of Forex Hacked now is that it can be both very profitable and highly dangerous. It can be managed to make good profits. I have funded a live account, but am currently using FH on a new demo account to make sure I’ve set it up right (made – and corrected – 3 mistakes so far! Even so, FH is doing very well, but it’s only been a few days.)
The new trending feature adds extra safety compared with the version I was using before, and helps maintain profits.
I’m only going to use money I can afford to lose. I’ll use enough to stand a good chance of winning – too small an account is dangerous. As I make profits, I’ll withdraw money regularly, so if my account gets blown up hopefully my winnings will be able to fund a new account and still leave me with profit in hand. Others have been very successful using this strategy.
To reduce risk, I’ll only be trading one currency pair. This pair emerged in the more recent comments as being the most consistently profitable and low risk. This can be confirmed by clicking on the chart above of Admin’s “New Live Account”. A new page opens. Click on the big green “Analyse” button on the lower right, tick the box for the symbol you want to analyse, then click “Submit”. Do this for all three symbols independently and you’ll see the best symbol to trade with FH. The chart only covers the last 5 and a half months, but it confirms the word on the forum.
In summary, FH is highly profitable BUT there is always the potential to blow up your account. Withdrawing your profits is a sensible strategy which should ensure both profitability and safety.
Hope this helps.
By the way, I’m using a DMA/STP (direct market access/straight through processing) broker. I don’t like dealing desk brokers. If you win they lose, and unfortunately many are unscrupulous enough to manipulate things so you lose. DMA/STP brokers prefer you to win because then you keep trading – they only make money when you trade. This is also true of ECN brokers, but DMA brokers can often beat them on spreads and execution speeds because direct market access means greater liquidity.
Best wishes, Nick
Hi Nick,
Do you know of any US DMA/STP broker’s that offer the correct leverage for a $1000.00 account? I am looking for a US broker with higher leverage and am having much trouble. Thanks
Hi, I just installed the EA on a demo account, GBPUSD, I got a smily face but no other confirmation on the chart. Is the EA now running or not. And if not, what is missing? I followed the instructions. Does anybody know or can give an advice?
Hi Kathi
It could be that you need to adjust the settings in your MT4 platform. Try the following:
With your MT4 running, click on “Tools” at the top. Then on “Options”. Then on “Expert Advisors”. Make sure the following are ticked: “Enable Expert Advisors”, “Allow live trading”, “Allow DLL imports” and “Allow external experts imports”. Click OK, and see if things are working now.
If Forex Hacked does not open any trade within a minute or 2 (usually opens a trade within a few seconds), hover your mouse pointer over the chart and right click. A drop down menu should open. Hover your pointer over “Expert Advisors” and a sub-menu should open. Left click on “Properties”. Click on the “Common” tab. Make sure the following are ticked: “Enable alerts”, “Allow live trading”, “Allow DLL imports” and “Allow external experts imports”. The other boxes on the “Common” tab should NOT be ticked. Click on the “Inputs” tab, make sure the inputs there are what you want, then click OK.
If Forex Hacked still does not open any trade within a minute or 2, try changing the input for “Support ECN” to the opposite of how it’s currently set. Click OK. See if it opens a trade.
If it still does not open a trade, try changing the input for “Lot size” from .01 to .1, or vice versa.
If it does not work after that, let us know. But while you’re waiting for an answer, can I suggest you read through all the comments below, including all the older ones. Yes, I know there are 1,424 of them, but there are some nuggets in there, including the things I’ve just listed above to get FH working. Plus lots of discussion to help you understand FH, manage your risk with it, and maximise your profits.
Hope this helps. Best wishes, Nick
thank you nick, it works now and is very active. kathi
Hi Nick, I am also a UK based trader, running two FH accounts with two live accounts with Hot Forex and VantageFX. I using settintgs of 45 TP, 1.6 Booster, 31 PS and max buy/sells 8. I have been adjusting the lot size to accord with a risk factor of 8% of account size (currently 0.034 on €9000 a/c and 0.024 on £6000 a/c). My accounts are increasing but only at about 5% pm, I note several comments on this site that seem to indicate a consistent 20% pm should be achievable, are there any changes you think might improve the performance of my accounts without dramatically increasing the risk factor? I am trying to grow my account rather than take regular drawdowns if possible, which I note is what a lot of the users are doing but if you think this is a better way to go I may have to bite the bullet and start doing that. My email is martinkwatson@ the same internet provider you are using. Many thanks. Martin.
Hello,
I am newbie for forex. I need find the best robot makes good profit no loss.
1. Is forexhacked robot good enough?
2. Is it suit for new trader?
3. is forexhacked robot able to connect to AVAFX?
4. What forex paltforms connect to Payoneer.com?
Thanks, i am waiting for reply.
Guys, check my FH Demo account :
http://www.myfxbook.com/members/index1php
I checked. Which one are you running FH on?
i have never ever been involved in forex trading. i don’t know the ABC of forex trading. Would you recommend it. Also, i need to know how to go about buying and then using the product. Could someone kindly help and assist. Much appreciated
I am using hot forex with great success…start a micro account and keep the lot size to a minimum. Hope that helps a bit. Cheers and good luck to you.
hi jerry,
thank you for your advise, but if you look at admins stats you will see that FH sometimes opens trades at lot size 6 and above for a single trade. I think Hotforex 5 lots are not enough. has anyone made experience with hotforex ? any other broker that would be better ? thanks again.
Hi Nuwanda
I’m UK based like yourself. I believe the broker I use could suit you. If you want to discuss it, email me on “nic stone man @ ya hoo . co . uk” (simply remove the spaces and quote marks to make it a proper email address – I typed it like that to avoid email harvesting robots).
Best wishes, Nick
Hi Jerry
I would just like to know your settings with Hot Forex. What is the lot size?
hello admin,
i dont know if this has been asked before, but could you let us know which broker you are using ? which broker offers micro accounts with 1:500 leverage, unlimited lot size with unlimited balance? fxopen will change their micro accounts at 3k , alpari uk offers micro accounts with limited lot size at 2 lots. im really desperate to find one, because i would like to go live with a balance of 10k. im located in the uk atm. thanks in advance
Hi Nuwanda,
I’ve been looking long and hard for the same sort of broker as you want. I’m in the UK too and because of the current turmoil in the financial markets I decided I wanted a UK FSA regulated, UK based broker who could hold my account in GBP. Now found one – plus they let clients hold their accounts in GBP, EUR, USD, and YEN. I’ve just emailed my account manager to ask if I can mention him to you. So I’ll post details here soon – probably Tuesday.
Best wishes, Nick
Hello Nuwanda,
I could help you find one. An account that exceeds $3k with FXOpen will revert to standard account automatically and that won’t bode well since the minimum lot is the high risk 0.10 lot. Please contact me if you need help. A lot goes into the operation of the bot with a broker than just the leverage though. Get the settings right too. Please reach out to me and I’ll help you with your request.
Cheers,
Reny.
reny4forex@yahoo.com
Pepperstone does this, no problem. they also say they are ECN which is a bonus
i use default setting…start with 120usd middle of september ..now growth 1400usd tq FH.
Hi, im a trader. Thanks for sharing: 1) live or demo? 2) what broker?, 3) what pair(s)?, 4) what setting?,..
Hello John,
Besides the broker, what dictates the pairs and settings you will trade with is the size of the account you’re operating. Unless somebody knows it, any advise given is a flash in the pan. Contact me if you need help and I’ll do my best to come to your aid.
Cheers,
Reny,
reny4forex@yahoo.com
@ im a trader, what broker are you using.Can you please let me know and what pairs are you trading.
Hi , the Performance (Forex Hacked Results) on fxstats USD/CHF , USD/JPY and GBP/USD , did you used the VIP settings ?
Thanks in advanced , John .
But, anyhow. What is the best setting for USD/GBP on a USD$1000 account? Any good brokers out there, need your expert advise. Thanks.
Hi guys,
I would like to know the how do I tweak for GBPUSD, it seems I am losing and lost my money on my demo account. For a USD $7500 Demo, I have used a:
– lot of 0.05 which is 5 dollars per lot on a mini account.
– leverage 1:500
– platform is hotforex as mentioned by someone on forexfbi as they offer a 50% bonus.
What should the settings be to double the money, if its true? Is it true to withdraw funds once it has reached it’s target? I know there are loads of Q and A for this EA, but the thing is I have no idea where I should start of with. I feel like I am a noob, but with your knowledge and understanding I would love to utilize this EA and make good consistent profits. Can you please help me? I beg of you. Thanks.
I have tested this EA in strategy tester and also on demo, but there is more to it. I just do not understand why it opens trades when there is no trend reversal, I lost my demo account money in just few hours when it started to sell as the trend was going up, in the end all open trades were sell when the trend was up. Just today I lost $6635 in just few hours as there were no reversal.
– Should I use this EA on US timing or London timing or 24/7? I really do not. I am just confused. Is this the holy grail? -Sighs-
Please advise. Cheers.
You should be trading .01 (micro lot, not mini) until you have $10k. You’ll be safe trading .01 every $5k. So at $10k increase to .02 micro lot. You should use Pipstart – 21, TP – 35, Booster – 1.7 (some use 1.65 or 1.68), Max buy/sell trades – 9 (I personally use 10). Hotforex is a good broker (at least when I used them). I’m use Pepperstone because I like that they let me deposit more funds right away if I see my drawdown gets to close to margin call. Your 500:1 leverage is great too. Cheers!
I just want to ask if the FH could possibly run in two PC’s at the same time? Because me and my friend then decided to purchase the FH. if i’m not wrong this EA has a license code. Please answer my question. Thanks
ATTENTION ADMIN
Please I will be going live by next week with $1000 deposit ,i will be using Forex Hacked as my EA ,please what settings do you think it will be best to use.
thanks and treat as urgent.
Has anyone tried using FH with DDSMM?
hi there can you please tell me the safe settings per $ 1000 for forex hacked ?
is micro 0.01 ok and which ar ethe saf epairs to use it with an let it run.
an what time frame is the best.
would really apreciate your rpely thank you
actually FH is an awesome EA..the general setting is good but u have to do some adjustment to make it better. to be safe i suggest 1000USD for each pair with 0.01 lot.
admin:
you think 15k with a lot size of .1 would be okay?
Yes, but you must control the Martingale accelleration for both Long and Short sides.
Suggest you set them to 4 or 5 to be conservative.
Connector
im gonna stick to the 30k, 500:1 leverage using lot size .1. to be safe.
Hello Nick,
Who is this advising you to trade 0.10 lot with $15k? The problem with Hacked is not what it will bring to you when the going is good. But what it will take away from you when the market goes wild. Do your calculation. I don’t know what your booster is nor do I know what your Starter is. But what I do know is that when you factor all these into the equation on a wild day, the $15K is just as good as gone. Be careful there. The market floor becomes slippery when Hacked is operated without the technical know-how.
Cheers,
Reny.
reny4forex@yahoo.com
Im looking to open a new live account with $1000AUD. Can somebody please tell me the best possible settings and pair and how i should approach this. My email is saaby_@hotmail.com
The runup in the GBPUSD has my account perilously close to margin call. I’ve been continuing to fund the account to avoid the dreaded call but wonder if I’m simply throwing bad money after good. I’ve reached the max sell (8) and the largest position of 12.24 lots is under water by more than 400+ PIPS. The options I see are:
1) Continue to fund the account and wait (hope) for a correction
2) Close some of the sell orders
3) Close all the sell orders and take the (substantial) loss
Maybe there’s other options I haven’t yet considered. Thought I’d throw this out and see what tips I get.
turn off ur EA and tdont trade GBP/USD when there are 3 red bulls on the economic calendar found on forexpros.com for either the US or GBP. you’ll avoid all those huge swings and high volatile market trends.
maybe it’s time to consider the masshedging.
Anniruda send me an email, i will help you on that one
Nicolas I sent you an email asking you questions about what EA is really good for my requirements. I look forward to hearing from you.
hi, i am newbie, is anyone know, what is the safe account for trading FH for 0,01 (10 cents per pips) and what is the best pair to trade. thank you for any help.
I have been demo trading on FH on EURUSD doesn’t seem too bad starting balance 3000 made 268 profit in 2 days with 0.04 on set 1 (tp 45,pipstarter 31,booster 1.68, max buy/sell 10 drawdown got to 11% at one time is this dangerous on a live account?
Another thing I would like advice on is when FH was placed on the chart there was information on the left hand side such as drawdown etc, but Friday night after close of market there is nothing there now will this appear on sunday night when it starts trading again? FH is smiling. I was playing about the charts trying out the indicators, colours etc, and wonder if I have done something that the information isn’t there anymore.
Julian it would be useful to know what your start balance was please.
It looks like there is some issue at forexhacked.com I am unable to place any new order for the bot tried at least 2 0times from yesterday
I wonder which strategy would be the better one? The one going for a very safe strategy using a big starting capital to avoid a margin call even during a big trending. Or the one going for a higher risk and withdrawing after every account doubling, knowing that during a big trending you could have a margin call. It would be great if someone could backtest this for 2011 and 2010 .
Ive been using the 45 TP 31 PS settings and a 1.7 booster for over a year now doing this double up withdraw tactic and have only ever lost the account once, while i’ve withdrawn double ups 9 times. So thats 8x my original deposit in just over a year with this bad boy strategy 🙂
Hi Julian. How much capital and how many pairs did you trade with please?
Dear Julian,
indeed it would be interesting which account size and start lot size you had been using to achieve 9x doubling your account and only 1x burned your money.
Thanks, Stefan
I would really like to start trading again. I am just so scared of big trends, as they can always cause a margin call especially when you start with smaller accounts around 2k, even with the lowest risk settings. As Codar said already after backtesting, drawdowns of up to 20k are possible during a year! So the best solution would be some kind of warning system. If someone could provide us with only the biggest Forex news which will cause a big DD. I would even pay for that. Does any of you think that something like that is possible? maybe an emailing system or a flash app?
Hi Nuwanda
I guess u already know the risk of the it may to the small account. On 6 October as the Interest Rate News release, it goes bearish of almost 200 pips for GBP/USD. It when bullish after that and go all the way 350 pips. \
If you had set at 0.01 with TP45 PS31 Booster 1.7 and max trade open 9,
Then your trade will not be close and your account will be wipe out with USD2K fund. As you can see now It did went all the way to 570pips on 14 Oct. The DD for 600pips with the setting above is more than USD6k. But the trade has not close till now if max open trade is 9.
I’m having a demo of USD10,000,which survive with max open trade is 11.
E-mail me don_wanz@yahoo.com .I’ll print out the demo which may show the max open 9 trade may not close, In fact, if it is max 10 trade i will not close yet….
Be conservative…. Trade lesser than 0.01……Trade 0.005 with USD 2K
don_wanz@yahoo.com
Thank you for your replies,
considering what you both said, wouldnt it be best to close the ea during the european sessions then ? If I did that, would I have to close all open trades manually then ? Even if it would mean a loss ?
you don’t need to reduce your lot size to .005. All you need to do, is turn off your EA manually before big news comes out. Its that simple. max buys and max sell 8 each. with 2k. 1.5 booster at most. and try 21tp. works better then 31. AVOID the high volatile markets when it occurs.
thats all you need to do.
Nick. Great advice. When you turn the EA off manually do you also close all open positions? Or do you just turn off the EA then turn it back on after a couple hours? Thanks, – Mike
Also, if anyone knows of a piece of software (or other method) that can automatically turn off expert advisors for news releases, please mention it.
Hi Nick in your post #92 you were replying to Wan’s post where he mentions settings, “If you had set at 0.01 with TP45 PS31 Booster 1.7 and max trade open 9” you said 21tp works better than 31, did you mean 21PS and if so what TP would you use with that?
I have never traded, Would I be able to use this system or is there another system you would recommend for someone just getting started.
hey floy, you could, but you need to understand how it works, settings to use (conservatively), and etc. I would be more then happy to help you get started.
here is my email nicolasrejeilitrade247@gmail.com. i can help you get you on the right track.
Regards
would you guys recommend buying this product or does it give ambiguous results? What techniques show best results do you guys believe with this programme?
Thanks
James
I recommend it, but you need to understand how it works. over the past few months, from here and other sources I have learned alot of forex in general and this EA. I believe in this program, but you need to be sure you trade in a conservative matter with enough money. ENOUGH i emphasize! Email me with any questions if you like.
nicolasrejeilitade247@gmail.com
Regards
Hello,
Has anyone been successful with the hedging feature? I’ve been using it on demos with varying results. It seems that somehow the EA loses control of the trades in the process. Or, I just don’t get how to use it properly.
if you look on other forums and other sites, you will see the hedging feature is never used, because it simply doesn’t work correctly. set it to false, and on a live account, set trending to TRUE.
Hi Nick. Reny suggested that you can turn off trending to stop FH trading when there are large trends…. has anyone back tested for trending on and off and compare the results?
for me personally i think it is safer to just turn off the EA on that pair, and trade another. IMO
How many charts do you guys run per account?
I recommend and I only trade one pair per account. If you want to trade another pair, then switch the pair you are trading. I do this, because during high volatility, if FH opens multiple positions, especially in increments; ex) .01, .02, .03, .05 and etc, each time it does this, it increases the margin being used and decreases your margin AVAILABLE. If you run out of margin available, then you get a margin call and lose that money you had invested. understand?
hope that helps.
Hello,
Can you tell me what broker did you use when you started on $1k?
And what pairs and lot size did you run with?
Are the settings similar to what you shared in the vip section at that time?
I’m quite interested in this and maybe wanted to start with 1k, but looking for your advice before i proceed. 🙂
Hey Natasha,
I have bought this bot 2.4 version latest & setup the bot on GU H1 on my http://www.pepperstone.com ECN Razor account (micro acct) with lot 0.09 as instructed for a 900$ yesterday with settings :
35 takeprofit
21 pipstarter
1.65 booster
9max buys
9 max sells
Its trading with 0.09, 0.14, 0.23 and 0.37 lots so far since yday and it is right now made 900-> 1094.91$ till today with open trades (5) with -50$ .
forex hacked experts please email me fxpartrocks@gmail.com if my settings is correct (or) very risky and my leverage is 400:1
regards,
Rocks
Hi Natasha
Keep trade at 0.001… With$1k your acct will be wipe out if the trade go against you 200pips
Cheers
Wan
don_wanz@yahoo.com
for an account of $ 10,000 , 1 currency pair , booster setting of 1.5, pipstarter 31, takeprofit 45, maximum of 7 open position , at 0.1 lot…how much will be the maximum drawdown in the worst case scenario? Will the worst scenario enough to wipe out my account ? pls advise tnx.
ya may be ok as long as you stick to one currency pair. I would recommend gbp/usd, since its the most reliable and pair recommended by the creaters of FH.. As far as the maximum drawdown in the worst case scenorio, i dunno what to tell you there. it all depends on the volatity of the market at that time. Maybe 30% max drawdown?
You can maybe add two pairs, but doing that you should stick to .01 lot size. Choose pairs that don’t have any common currency. Reason being say your trading both gbp/usd and usd/jpy, and their is bad news on the US, you’ll have double the impact as oppossed to just one single impact. Make sense?
You could trade GBP/USD AND EUR/CHF for example.
Hope that helps.
Nick
Hello for everyone 🙂 Could every person of this forum write his settings for FH and tell me about what currency pairs are most effective and what amount of balance do u recommend. And what strategy do u recommend to dont lose your money. Thanks a lot
You should join the VIP section, that should provide you with some settings. And to tell you the truth, alot of people will say 1000 dollars is enough, but I personally don’t think it is. You should start at least with 2500.00 to allow plenty of room for hacked to work properly. Even 2500 maybe kind of low. I would recommend running one pair gbp/usd (the most reliable pair) with a low booster setting, maybe 1.5. Have you tested this robot at all yet on a demo? Keep in mind though demo trading account you get the following with respect to trade and execution:
1/- No Re-quote
2/- No Slippage
3/- No Please wait message
4/- In short instant and seamless trade execution
5/- Low spreads
6/- No stop loss hunting
7/- No 500 pips false spike for the sole purpose to take your stop out.
8/- What you see is what you get!!!
9/- Trading software do not freeze at news release time
10/- No disconnection or server error
I could help you with what I learned if you like. you can email me. nicolasrejeilitrade247@gmail.com
Regards
I was curious, so I backtested your settings on EURUSD sept2010-sept2011, looks like it would wipe your account around jan 21st – huge DD from jan 3rd till the end (never recovers). You should check news for what happened around that time and create a strategy to avoid news trading. FH works best when market is not trending. The other thing is to use iStopLoss:400 and then you would need $15.864 to avoid all last year’s DDs on EURUSD. For GBPUSD, you would need $18.509 for all DDs.
To tell you the truth I tried out USD/CAD with a booster of 1.45, I saw your comment you left earlier in regards to backtesting, and even through the high volatity I had no huge drawdowns, but sadly made only 20 dollars for the week. Im testing to find a way on how I could possibly run this EA without turning it off. Currently I am running GBP/USD on a 1.5 booster, 21 start/ 45 tp max buy and sell trades are 8 each. I don’t mind the drawdowns, as long as they are not substantial to my account size, and as long as the pair I trade retraces. Have you backtested GBP/USD? If so any settings that may help me out in anyway?
Thanks
Codar,
I prefer your setting to avoid peak and use iStopLoss, we know FXOpen server is GMT+3， so the asia trade time should be 0:00 to 10:00, right? and how to deal with the opened orders beyond asia time?
if you can send me the setting file better, thanks.
yachli@gmail.com
hi there what return does forex hacked give amonth
with enough money you can prolly average 200-250 usd weekly. but make sure you have at least 5k. And that is using the most reliable pair. GBP/USD
HI I just installed FH to a demo account. on GBPUSD pair it’s now working and trading. On the second chart USDJPY, with exactly the same settings, the face is frowning although on the left side , the message is it’s been installed successfully. Please anyone help. Anyone with thhe same problem? How do we resolve this?
Thanks
You didnt check off allow live trading on the USDJPY pair when you attached forex hacked.
If I wanted Forex Hacked to stop just before 11:30 and then resume at 12:00 how would I do that. I want it not to trade when the GBP news is released.
Use the starthour and stophour settings accordingly. Keep in mind you will have to find out your brokers GMT and adjust your settings to coincide. So if your broker is GMT +2 you would have to set your start and stop hours 2 hours before your desired times. So in your case you would do:
stopHour : 9
stopMinute : 30
startHour : 10
startMinute: 00
If your GMT – 2 :
stopHour : 13
stopMinute : 30
startHour : 14
startMinute: 00
Keep in mind that 99% of the time you’re going to have open trades leading up to the news, so you need to decide whether you just want to leave those open through the news or close them manually before hand.
I’ve made a list of all sudden moves (above 100pips) on EURUSD M30 in period sept2010-sept2011, looks like the most of the major events happen between 8AM and 18PM GMT+1 (without DST, source: historic data FXDD). In total there were 15.309pips in sudden movements, average movement 146 pips. I’m testing this, so I can make a new settings for trading off-peak (during the Asian session).
hi i just bought forexhacked using your 15% discount link. i was led to the order page without asking me to create a username. Now that I created a username on their website, it’s saying that I’m not subscribed. I emailed them and it’s been 3 hours, no reply yet. The site says my subscription is not active or I have to purchase. I purchased already. what is the lead time on this?
Support should get back to you soon I would think.
just an update..they activated my subscription now first hour today…not bad:)) i’ll do backtesting now..tnx
Admin:
Wouldn’t you need trending on or set to “true” for this EA to work better? What does it do if trending is set to false?
You don’t need trending, but it can be very beneficial at times. You just need to make sure you set it up correctly using your brokers minimum stoploss as the trendStoploss and minimum broker takeprofit as the trendPips. These are set by default fairly low on forexhacked, and I know quite a few brokers that have a minimum stoploss of 8 pips. If you don’t meet your brokers minimum, this feature will not work.
admin
my broker said, 3 pips away from market price. so the minimum stop loss would be 3 for my forex hacked settings??
Thanks
Yes that would be right.
I am a Canadian and looking for a good broker that accepts Paypal (FXOpen does not) to run Hacked. I have accounts with Alpari UK (bad max lots on mini and bad min lot size on standard), GoMarkets (has Paypal but leverage floats with balance). So far, I am inclined to go with GoMarkets.
TIA
Hi Reny,
I sent you an email regarding multiple licenses of FH. I’ll also put the question to other forum readers, as well. Is anyone running more than 1 license of FH? It seems to me that it would be safer to run 2 currency pairs on separate accounts (e.g. GBPUSD & JPYUSD on 1 account, EURGBP & JPYGBP on another) rather than running 4 pairs on a single account. Why? It’s a matter of ccontrolling inevitable drawdowns. As a FXOpen user, leverage changes from 500:1 to 50:1 once the account balance reaches $3000. For other brokers perhaps that isn’t an issue. Thoughts?
you should only trade 1 pair per account. to minimize risk as much as possible with a low booster setting. 1.4-1.6
Forexhacked best sitting gbp/jpy
Tp 65
Pipstart 38
Booster 1.70
Max lot 9
Euro/jpy
Tp58
Pipstart 40
Booster 1.75
Max lot 8
Good luck
I stay away from yen and franc pairs as the Japanese and Swiss are willing to intervene at any time. I got my acct destroyed by the SNB intervention earlier last month when they intervened. But, I hope you’re doing well, and are successful in the meantime. Do you have a way to show your account for us to how jhacked is doing for you on these pairs you mention? Regards.
I agree. During extensive backtesting I’ve found that EURUSD has all these little retracements FH likes. After my acc was wiped overnight on USDCHF sept 6th, my theory is that in small countries (Swiss, Japan) one single man can make a decision while in Eurozone and USA, the government is too complicated and sudden move would at least leak in news because so many people are involved in the decision making process. Also, Eurozone has a lots of indexes and news that translates to so many fine retracements during the day. FH needs those because it bets against the trend and if the trend is too sudden (I like to call it “the wall”) the great DD can wipe any account. On the other hand GBPUSD is correlated tightly to EURUSD and I don’t know why should I risk double DD. So this leaves us with only USDCAD, but CAD is being a “commodity currency” – it’s related to the price of oil and correlated to USD since Canada is USA’s biggest trading partner.
Interesting. So what pair did you decide to run FH on and what settings. Thanks and best to you.
For now, I’m trading EURUSD with SET#2 from the settings that came with FH. I have FXOpen micro account 50.000 ($500 real) and on that account my lot size is 0.1 although that translates to 0.001 on the regular account. But my goal is to make only $20 a day and I’m doing this by increasing the lot size to 0.5 depending on the news. I avoid news trading and mostly increase my lot size during asian session. When any spike occurs, I wait until market calms and then trade 0.2-0.5 lots.
Hello I bought version 2.4 and would like to know what the best pair and determine the best configuration of the EA.
GBP/USD is the best. your booster in my opinion depends on how much your gonna be trading with.
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
Everything else is default.
I had to have my broker close out all open orders and put my MT4 on read-only mode. FH keeps opening trades, sometimes duplicates, without even having any charts open. The orders open as fast as I can close them. Any ideas?
Are you using different magic numbers for each chart?
Hi
Can someone help, how do i know FH is working properly, i am demo testing it and after 18 hours it has not opened a single trade
Hey Bob,
Send me an email. I’ll help you figure out what was wrong.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Bob,
Most Demo accounts will not trade micro lots. A few will like AAAFX. FxOpen won’t.
Hi..
just wondering why I need to withdraw funds from FH for it to work properly? Can’t I build up my account with the profits and then increase lot size??
Thanks!
One thing is for sure, dont even consider increasing the lot size. If your in a volatile market, FH opens larger positions in increments of your booster setting. In other words it will multiply your previous position with whatever your booster setting is. Keep your lot size to .01, otherwise you may have to high of positions open for the value of your account resulting in a margin call.
IMHO.
Hi,
I just bought the complete setup ForexHacked using a VPS and I have a few questions. First off for the next few days I am going to try it on a demo account. It has $3000 and right now is leveraged at 1:500. Are those the right settings? Also once I put ForexHacked on the chart and it says it has loaded successfully will it start trading immediately or is there anything else I have to do?
Next, because I am on a VPS am I able to exit the Remote Desktop Connection? Will my fxOpen and ForexHacked keep running?
Lastly, I have a micro Live account set up. How much should I invest? I was thinking around 300-500. What leverage should I use and what settings should I change on the EA?
Thanks,
Jordan
Also, in the Experts tab in fxOpen it keeps saying “invalid ticket for modify order function” what does that mean?
Hey Jordan,
First, 1:500 you referred to in the first paragraph is not a setting. Rather, it is a trading condition that empowers your account to trade more with less….and by the way, it is the right leverage.
Second, after loading the robot on the chart, if the chart and “Experts” tab indicate that the loading was successful, you expect the robot to start trading within two minutes. If it doesn’t, then something is awry. For FXOpen, the base lot is 0.10. If you entered 0.01 into the lot field, you would get errors.
Third, nobody on this forum has the right to tell you what to invest since none knows how deep your pocket is. But I do know this, however, the more the better with Hacked and given the high base lot FXOpen supplies you with, I will advise you to do a little more if you can. Do not trade forex with the money you cannot afford to lose. Watch out on the strength of your booster and the type and number of pairs you want to run on that account too. Those could make or break your trades.
If you have more questions, you may contact me. I hope my explanation suffices.
Cheers,
Reny.
reny4forex@yahoo.com
I’m planning on doing the same thing as JP, and put $500 into a micro account with FXOpen. Is that feasible? May it work with Hacked?
Also, is it possible to replicate that exactly on a demo? A micro account, $500, settings, etc?
Thanks!
Hey Dave,
If you have difficulty setting the whole thing up, send me an email. I’ll help you set it up.
Cheers,
Reny.
reny4forex@yahoo.com
Great, THANKS!! I’ll write you once I’m ready…
Hi reny,
Am relatively new in FX trading but am planning opening a $500 micro account with FXOpen too. I intend to use FH – can i kindly drop you a line so that you can guide me on the applicable settings. Does FXOpen offer VPS hosting of micro accounts?
Hi, I would like to trade a capital of USD $7500. I am using FH 2.3. Can anyone please advise me how to tweak the settings for GBPUSD and USDJPY? And also, is it appropriate to use the following account settings for money management:
1. Lot size on a mini account. (0.01= USD $1.00)
2. Leverage. (1:500)
3. Platform is HotForex.
Your help is much appreciated. My email add is thedeadman_inc79@hotmail.com
Thanks
Josh
Hey Josh,
I’ve sent you an email and you should check your box and get back to me about this.
Cheers,
Reny
reny4forex@yahoo.com
I am new to all of these…
Im interested in forex robot trading .
I found this site and this forum…is this not a scam?
Is this the best robot to purchase?
Why would the ForexFBI admin respond to people regards to this robot?
How does he know? he trades with it? only with this robot and not the rest?
Are the ForexHacked and ForexFBI not same company?
(most other comparison website are created to boost sales of their product…is this same?)
Hey jack,
First, this site is not a scam. As you can see, the Hacked forum is one of the most versatile among all the robots’ fora there are on this site. The Admin of this site, Joe, is doing a wonderful job showcasing many of the popular robots out there by putting them to test and showing all and sundry their weaknesses and strengths. By so doing, he alerts his site’s members of the robots that are worth giving consideration to and the ones to stay away from. Check the comparison chart to verify that Hacked is just one of the robots he’s testing and that all of them are given equal chance to prove their profitability and forex-trading worthiness. Hacked excels, which is why you see the frequency of this activity on this thread.
Is this the best robot to purchase? The jury is still out there. But here’s what I know: Hacked is profitable. But you need to control its risk in accordance with your investment. It is sensitive to many things some of which are types of pairs traded, number of pairs traded, the risks involved in the settings employed, the type of broker used. and so on.
And on the question as to why ForexFBI responds to people’s questions regarding the robot, that is because he’s probably the only one that is running it on a live account that is proudly and prominently displayed on his site. In that case, don’t you think he should respond to people’s inquiries if they want to get to know the robot through his selfless service? Look at the above FXStat’s graphical display of his FXOpen’s live result on this page and your fear will be quelled.
Is there any difference between ForexFBI and Forex Hacked? There’s a difference between ForexFBI’s Admin and Forex Hacked’s vendor. Forex Hacked’s vendor is the designer of the robot called Forex Hacked while ForexFBI’s Admin is a robot tester, the manager of the this ForexFBI site and one of the robots he’s put to test is Forex Hacked. They are totally different companies. However, being a Forex Hacked affiliate, ForexFBI’s Admin, as a courtesy, has secured a discount code for its members so that if anyone goes to Forex Hacked’s web site and buys the robot with the code, s/he will be given a discount of 15% on his/her purchase. If you want to buy it, just use the code indicated above and you will be fine with your purchase.
I hope I’ve answered most of your questions. We try as much as we can to help each other on this forum. All the answers on this page are not supplied by Admin alone. Others pitch in to help if the need be. Please contact me if you need help. I’ll be glad to lend you a hand.
Cheers,
Reny.
reny4forex@yahoo.com
Hello Admin:
I have clicked on your MT4 stats above and the link does not display any trades and shows a last update date of Sept 23 (on your “$ 1,000-to-$ 37,000” account).
Not that I do not trust your statements, but how can this be verified if the link does not work?
Thanks ahead
The broker has a limit on the number of trades that can be shown in the history. Because of this my MT4 is sending incomplete statements to MT4stats which is causing problems with their backend trying to read these incomplete statements. I’m trying to find a fix for this but it’s not looking good. I contacted the broker and they said they can’t increase the limit, and the older history is gone once its gone.
Hey guys! i need help! who can assure me that the software is working?
moudy send me an email, i will be more then happy to help you out.
Hey Moudy,
If you have problems setting it up, please contact me and I can be of help to you. You cannot determine if it is working or not unless you set it up on a demo and see it in action yourself before drawing any conclusions. You have two lines of evidence that tell you of the efficiency of the robots: The frequent activity on this thread cum users’ comments and ForexFBI’s live account proudly displayed on the front of this page. But if you have troubles setting it up, let me know. I’ll be glad to help you allay your fears.
Cheers,
Reny.
reny4forex@yahoo.com
How can I put forex hacked on more than one account? I would like to put it on 3 small accounts, but there is only space to add one account number.
you have to purchase multiple licenses
Hey AC,
It is not clear what you mean. Did you mean you didn’t know how to place the robot on each account or that you don’t know how to register the new accounts at Forex Hacked’s web site for the three accounts to become active? You may contact me for help if you have the time to do so.
Cheers,
Reny,
reny4forex@yahoo.com
Hi Reny, I sent you an email last week asking a similar question among others. I would like to purchase at least one more licence (possibly two) to run on one or two more accounts, but don’t know how I would add additional account info on the FH website.
You would get additional (separate) accounts to login with at forexhacked.com
I signed up for a second account with Forex Hacked but when I went to register the second account, there was nowhere to put it, only to change the account number of the first account. I have sent FH an email asking how to do it, but so far no reply.
Admin how do you do it ?
How do I do what?
Hello i need u jeromeplayful. I want to talk about the currency pairs your setting are the best can u speak with me. Thanks for all
<<>> contact with me please jakatekutli@gmail.com
Is there a way to turn off hedging? My massHedge is set to off but FH still does shorts and longs at the same time. The journal fills up with errors. I guess the solution would be an fxopen account. How does a US boy get one of them?
Hello Richard,
That is funny. What relation does the robot’s opening of both short and long positions have to do with FXOpen as a broker? There’s no single correlation at all. And just so you know, FXOpen no longer accepts us leaving in the US. You can contact me maybe I can help you take a look at your platform and help you fix whatever may be wrong with your bot via the teamviewer. There’s no connection between the robot’s behavior and the other factor you mentioned at least in this instance. It is obvious you need some help. I am willing and able. Contact me at your earliest convenience.
Cheers,
Reny.
reny4forex@yahoo.com
I have back tested the FH with the recommended settings of .01 lot/31PS/45TP/1.8booster and it has blown every test with a 1k account using any and every pair I’ve tested. I did have great success using higher settings and a mini lot and 10k account. I can only assume human intervention is the key to success. FinFX accepts US citizens so does HOTFOREX.
You can’t withdrawal profits from a backtest, which is the key to the success of using Forex Hacked long-term. Double up, withdraw, rinse and repeat.
admin,
how long did it take FH to grow that 1000 to 37000?
Just over a year…
I know you were trading GBP/USD on the demo account, what other currency pairs did you find most profitable with the demo?
I usually stick with 2 of the following ( gbpusd, usdjpy, eurchf, eurjpy, usdchf and sometimes eurusd)
hi admin
plese tell me about this software FH.its also use on every plate form.
Its MT4 only.
Admin what is the settings for that account that earn $37,000? Thanks…
The current settings are below but keep in mind I have changed settings slightly over the course of this account (mainly just the booster and max trades). I’ve also changed out currency pairs a few times during volatile times for certain countries if I was quick enough.
45 TP
31 PS
1.8 Booster
9 max trades
trending off
rest default
Hi Admin, you mentioned changing pairs by vola – have you got specific levels in mind where you consider the volatility to risky for running fh? If so it would surely improve the overall outcome…
p.s: till now I was a silent reader but really appreciate your work here guys! And sorry for my bad german englisch 🙂
…and one more question if you mind: what was your initial lot size on the account, 0.01?
I have been experimenting with this EA for the past couple of months. It does work, but you can also blow your account too. I have tried some of the recommended settings from ForexHacked themselves and am using their “medium risk, high profit potential” settings. But I got greedy and increased the pip count from 0.01 to 0.5 on one account and 0.1 on another and lost a lot of the gains on some of the volotile days in the past 2 weeks. Its a learning exercise all the time! Im trying to figure out answers to some of the following questions but just thought I would post to see if anyone else has come to their own conclusions:
(1) It is best to just trade one pair on one forex account? Originally I had 3 going on one account – but I blew some accounts doing that because my margin ran out when FX tried buying more to offset a movement in the reverse direction on volotile days.
(2) What is better? $1000 with 0.05 pip or $500 with 0.01? I have tried 0.05 and 0.1 on accounts with around $2000 balance but found it to be risky. Or, put another way, if I am using 0.01 pip and have $3000 balance, is most of that balance just sitting there doing nothing because the profit/loss values are typically only 2 digits…
(3) Is it true that its best to keep withdrawing the profits from time to time?
Thanks!
Tony
Hey Tony, i have been using FH for several months with some accounts blown as well..however i came to the conclusion that it wasnt really the EA’s problem but my own, i got too greedy.
i think 0.01lot is always the best option for FH, and my personal opinion is to start with only one pair if the account is less than USD2000 and two pairs maximum with account above USD2000 (i am following the Double up- withdraw-rinse-repeat principle so i havent really tried 3 pairs at the same time yet). I am trading with two brokers with two FH accounts now and it comes out quite effective…
a side note that even a USD4500 account could turn bad with two pairs during a very bad market like yesterday with EURUSD, @@, so i think you have to be strictly disciplined trading with FH, never get too greedy…..
anyway, something to share,
roy
I just went live this week with Forex Hacked and I’m in Positive, thanks to Reny he helped setup the EA remotely.
Question for Joseph – how frequent do you double your account then make your withdrawal with FH?
Just withdrew my 5th double up on my account at fxopen running hacked 2.3. I’ve got a $1500 micro account with 1:300 leverage using the 45 TP, 31PS, 1.75 Booster settings on mainly eurusd and gbpusd. I am now up over $7500 this year 🙂
Hey Joseph,
Are you running both currencies pairs on the same account at those settings?
Nick
Yes I am.
Do you turn off the EAs at all?
And joseph are you trading them at the same time?
Hi Joseph, can you tell us which currency pairs you are trading?
He said EUR USD and GBP USD
Please clarify whether I should increase lot size in VIP settings from 0.01 to 1 because I have micro account with FX Open and $1 in reality translates to $100 in MT.
So far, I’ve set lot size to 0.1 which is the minimum for FX Open. I have steady progress (EURUSD, GBPUSD) but profit is not that great, although it’s immune to drawdowns.
Backtesting (EURUSD, GBPUSD) shows that a lot size of 1 gets my account wiped out since this is a rather small account of $250 in real money ($25.000 in MT). Lot size of 0.2-0.5 would be better. Looks like for a lot size of 1, I should have $1.000 in real money invested.
you should never trade with a lot size with 1. you”ll wipe out your account even with a thousand. Stick to .01. you’ll have steady gains. 1000 dollars is not alot.
.01= .10 cents per pip movement
.1-= 1.00 dollar per pip movement
1= 10.00 dollars per pip movement
I strongly discourage you to change your lot size to 1. You”ll lose your 1000 dollars
Further to my last question, I have found the explanations of the settings but it does not mention antything about the simutaneous starting trades on the same currency pair, also has anyone any reasonable amount of experience with the mass hedge setting set to TRUE.?
Hi, does anyone know where I can download an explanation of what the various settings do (eg pip booster) as I have no idea what a lot of them mean, also my FH seems to put on three trades simultaneously on the same currency pair with the same entry and take profit settings. This is effectively bypassing my min lot size, set to 0.01 as per theVIP area reccommendations and effectively upping each starting trade to 0.03 lots. Is it suppossed to do this and is there some way of changing it?(and should I ?)
Hey Martkimwat,
Check the Magic Number of each chart. If all of them have the same Magic Number, there would be an opening of high lots in sequence such that the previous command of opening 0.01 starting lot for each chart will be disregarded with the consequence of opening trades in a manner that is consistent with and proportional to the number of pairs run. The solution to the problem is to make sure each magic number is unique lest the proportionate opening of high lots will frustrate the account too soon.
Hope that explains and solves the conundrum.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Reny, the magic number is different on each setup. I have temporarily disabled further trades using the ‘pause new trades’ function, as despite the size of my account, it had run up a potential loss of 28% of the account because of the triple trades on one currency pair. this should have been around 9% if it had traded properly. Once it has cleared these trades, I will let it resume trading, but still can’t figure why it’s making triple trades.As an aside, is it worth trying the scalping settings on the EUR/CHF, bearing in mind the very small range since the Swiss ‘tied’ the franc to the Euro?
How many pairs are you running and what are they? If this streak continues, maybe I can help you take a look via teamviewer. Let me know.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Reny, I’m running two sets of charts, the EUR/GBP and USD/CHF, both one hour charts and using the settings supplied in the VIP area. I briefly tried running the EUR/CHF with the scalping settings but the trades were tiny and mostly losing trades, so have disabled it. I’m considering changing to the settings and charts Joseph is using (EUR/USD and GBP/USD with a 1.75 booster). What’s the Teamviewer, is that like ‘Showmypc’?
Hello guys, always witdrawl your profits on a weekly basis or monthly, and make sure your pip booster is not more than 1.4 to 1.6. Just an advive
EXTREMELY IMPORTANT:
Forex Hacked gains fast but losses fast as well. Hence, you should set a limit at which when your balance reach it, you withdraw half of your balance. Example:
My current balance is 300, once it reaches 600 I’m going to withdraw 300.
The reason is, if the market changes in an unexpected way, like what happened with the Swiss Franc, you are going to loss fast. I lost all the profit I gained by FH in 4 trades in that day made by FH itself.
In Forex, there is no guarantees, so withdraw profit to save yourself from massive loses.
All the best.
hi abdulmajeedi
i want to purchase this Forex hacked but i am confused
please help me on this my e. mail junaidahmed1974@hotmail.com. i want to discussion on this . please contact me .
thaks
junaih
Hi Peter, if you go to the VIP area on this website, click on the Forex hacked link and you will find the reccommended settings and which currency pairs to use, depending on whether you are using a demo or live account.
my fxhacked has refuse to pick any trade for three days on my live account but it workd well on my demo act……the smile is on but not pickn trades…pls advice accordinly,rony iv sent u mail.tx
Make sure your expert advisors button is pushed to on. It’s in the top center
Hey Godsp,
Please resend me the email. It may have been unwittingly dumped in my spam folder and therefore suffer the consequence of not being seen and read. I can help you take a look through a teamviewer. Please send the email again.
Cheers,
Reny.
reny4forex@yahoo.com
Hi, everyone can just ask for some help – I am looking to purchase this robot, but I’m new to all this and really nervous about getting the “settings” wrong has anyone got more info on this? Is it obvious what I should do? I have limited funds (£250) and would really like to give myself the best possible chance to at least start on the right footing. Any help would be much appreciated.
Shoot me an email. Nicolasrejeilitrade247@gmail.com
250 is not enough. Add another zero to that. And even at that is still a low amount to start with. I would recommend $4-5k with a margin of 400:1
Thanks, is anyone using the masshedge functon?
do any of you reduce the leverage once your balance is above 5000? on forexhacked website they recommend a 1:200 on balances over 5000…any suggestions?
Hey Nick,
Quite some time I’ve heard from you. The question you just asks warrants asking you back: Why would you reduce the leverage to that level? Don’t you know that the leverage in your account is inversely proportional to the equity in your account at a given time? So, why would you trade a low leverage for a high leverage? Send me an email if you need a comprehensive answer to this question. But the short version is that it is not necessary. You will be shooting yourself in the foot doing so.
Cheers,
Reny.
reny4forex@yahoo.com
With the Swiss Governments decision to peg the Swiss Franc to the Euro today, what alternative currency pairing does Forex FBI reccommend to replace the EUR/CHF to trade FH on?
Well… I guess it was inevitable… SNB decided they wanted to liquidate my acct before I could this morning. I will reload and keep EUR/CHF out this time and start only with G/U. No EA will ever work when a nation intervenes in it’s currency.
Dimitri, can you tell us what settings you are using, also does anyone know if you can place ones own trades on an account with FH running on it, or will that upset the program?
FH has been working amazingly well for me using this double up/withdrawal/ and repeat strategy. God bless this EA, this site and it’s users 🙂
Yea dimitri whats settings are you using. I think 1.8 booster is kind of high
ForexMetal is another offshore broker.
Is there a monthly fee or just the purchase price??
One time purchase only. Lifetime membership.
Can anyone please recommend a good ECN broker outside teh US
Hi Bob,
http://www.fxcentral.net is very good ECN platform. You can check it out. I am running it on my demo account since last month.
Hey Ar1002,
fxcentral.net is not available to US citizens. They have a strong tie wih the NFA and CFTC. Contact me Bob, if you need help in this regard.
Cheers,
Reny
reny4forex@yahoo.co
To Ryan could you please tell me the settings you use because so far FH whiped out 2 account
I use same settings as FBI does on EUR/CHF and use the same as what the vendor recommends on G/U except I use 1.8 on booster for G/U on my live acct.
HIi Ryan, are you still trading the EUR/CHF, bearing in mind the low range since the Swiss effectively tied the Franc to the Euro on the 5th September, are you using the scalping settings?
Hello marco, use booster of 1.4 tp of 110 and pip starter of 38, trade only gu 1H. Email me for the rest settings fxmustpay@yahoo.com
So far so good with my live account: http://www.mt4i.com/users/acsinc
Just a note that up until Aug. 18th I was using another EA. And since Aug. 23rd I’ve been using Hacked. SInce Hacked has been implemented, my account is up 20% at the time I write this, not bad for almost 2 weeks.
My demo acct: http://www.mt4i.com/users/2acsinc has done great since starting Aug. 17th. It’s almost made 300% return. The first couple of days it doubled and reason being is one day had so much volatility (and a LOT of margin got used), but it hung in there and made nice returns…. too bad it isn’t my live acct…lol… but that’s ok. Steady gains is what we want, right?
Hi Ryan,
Am planning to open a micro account with FXOpen but i understand they do not offer VPS hosting. Do you have a reliable VPS host for your live accounts?
Hello all, I just found out a USA citizen cannot use an offshore broker, and all inshore brokers limit leverage to 50:1. It may also be a dealing desk broker as well, like Alpari US.
Any suggestions, anyone? Will forexHacked work at this leverage?
Jay
if the best you can get is 50:1, then I would suggest funding at least $5k and trade only one pair until it grows. This EA can be dangerous. It can go a long time hardly using any margin, but when a really huge volatile day comes along, this EA can cut into your margin big and quick. My conservative opinion though :o)
Try FinFX. 1:200 Leverage.
Jay:
That is not entirely true. Only offshore brokers that are under CFTC’s draconian paws will disallow US Citizens from registering with them. FSC regulated brokers, like the one you talked about will accept you any day. If you have any problem with this, please contact me. I still use offshore brokers and they are nowhere letting me go. As a Hacked user and manual trader, I can’t deal with the Dodd-Frank’s 1:50 leverage rule. It is not good for business, if you must know.
Cheers,
Reny.
reny4forex@yahoo.com
Hi Reny, I sent you an email hoping for any suggestions you may have. Thanks in advance!
Reny,
I opened the new account as you suggested, and was able to set the leverage where you said it would be.
Thanks much,
Jay
Prob solve already… FH support is good
If you send your query to the Forex hacked support website, support@forexhacked.com with your receipt code, they will send you a link to access the area. I had the same problem. I waited for four days expecting it to eventually be activated but it never did so sent an email to their support site and the link they sent me (within 24 hours) worked fine.
I’ve just bought the forexhacked but when i log in to the member area as per instructed by the manual, i cannot put in my account number. It stated there “You must have an active subscription to use this feature!” Please help…
Hello,
I am running the MT4 platform at 1:100 leverage in a demo account, howe can I change it? re-install the MT4 platform?
Thanks,
Jay
contact your broker. They should be able to switch it for you.
Hi Jay,
If it is a demo, right-click on the “Account” field from the “Navigator” pane. Next, select “Open a new account”. When the new window pops up, in the “Leverage” field, select the desired leverage from the pull down menu. Remember to type over the desired amount you want to deposit under “Deposit” before you proceed. Next, click on “I agree…” box and then hit “Next”. Your new demo account should come up after that after you hit “Finish”. Changing the leverage for a demo account is not always easy. The best bet for you is to open a new account, the procedures of which I’ve explained above.
Once you’re done, you can place the robot on the charts that come up (or the new ones you open for yourself) for the new account. I hope I’ve not over complicated the issue for you. It is a rather simple process. If you need help, you can email me.
Cheers,
Reny
reny4forex@yahoo.com
I have as question, when you download the MT4 platform, do you set the leverage then, or can you change it once it is installed? i am running ForexHacked on Alpari broker , demo, with the MT4 leverage set to 100. but that should be set to what, 200-400?
I am using the reccommended ForexFBI settingsd on the US/JPY, and not gaining much at all.
Regards,
Jay
It works OK on demo account but never works on live account.
I entered user name, checked “allow dll imports” and also checked account number. It was zero so I just kept it as it was. Can anyone teach me how to stop this access denial?
Hey Takeshi,
What does the Expert journal say? There should be some errot report in there telling you why it doesn’t work. Besides, have you contacted your broker and verified if the account has been activated? Without the activation of the account from your broker side, no EA will work on the fly. If you like, you can send me an email and I’ll help you look into it.
Cheers,
Reny.
reny4forex@yahoo.com