Quote:
Originally Posted by Merrygoround  "Fairly" aggressive. That made me laugh. I asked FH admin a question about this EA. They sent me a default answer with recommended lot size settings. If you call yours aggressive, what do you call these?
Recommended lotsizes:
Micro accounts
Where 0.01 = 1 cent
$100 - 0.01
$200 - 0.02
$300 - 0.03
$400 - 0.04
$500 - 0.05
$600 - 0.06
$700 - 0.07
$800 - 0.08
$900 - 0.09
$1000 - 0.1
Mini Accounts
Where 0.01 = 10 cents
$1000 - 0.01
$2000 - 0.02
$3000 - 0.03
$4000 - 0.04
$5000 - 0.05
$6000 - 0.06
$7000 - 0.07
$8000 - 0.08
$9000 - 0.09
$10000 - 0.10
Looking at the results on your myfxbook page, I can only agree with your viewpoint.
Any account smaller than 2k is in danger of being blown up sooner or later with even 0.01 lotsize, even on currencypairs considered "stable". I already blew up two accounts with FH, but now I understand why. It was party because of my greediness, but also because of huge drawdowns by this EA, if volatility is extreme (which can happen any time). Still I keep believing in this EA. It is like a beast that needs to be tamed, as someone in other forum stated. |
Hi and Welcome,
I also read Forex Hacked lot size recommendations very early on when I first bought this EA. I consider their recommendation suicidal. Sure to blow up the account. The settings I am using are from Forex FBI. I started at one micro using an opening balance of 5K which caused some tense moments and I knew that 5K per micro was not enough. I think it is fairly safe at 10K per micro but it needs more time to make sure. I think at 10K per micro, the EA will produce about 20% per month and I am ok with that.
Rick