Forex Hacked - Page 31 - Pip Cop

Merrygoround · 2012-02-01, 12:03 PM

Quote:

Originally Posted by Merrygoround

no one in his right mind would put serious money to such degree of risk on a standard account.

I just realized that I might have insulted Deathlord.

My apologies. But you have to admit that your settings are very hazardous. Are you still using these settings with success?

**rsmereka** · 2012-02-01, 12:48 PM

Quote:

Originally Posted by Merrygoround

Backtests are one thing, but you still have your secret weapon: your demo, which has miraculously survived all strong trends until now. But as Piterman pointed out, not even an Alpari demo will save your account every time.
Not all demo's are the same it seems. Running a FH backtest on Alpari for that gruesome November 2011 showed me that the account did not blow, but was down to 25% of equity. I do not know what to believe anymore.

Agreed,

At some point

, even my trusty (or is it crusty

) demo will blow. We have seen a very high degree of variably in the performance of FH accounts. That is why I believe what I see and will not trust a live/real money account bare-back. I have seen it too many times that people open a live/real money account with good settings and the account blows and their neighbor running the same settings is fine. Remember the FXPrimus bare-back tests where I started three demo's running within seconds of each other using the same broker

, same feed but different account types. When the DD came, two of the accounts were is serious trouble but the third got away almost scott-free.

I am convinced that the only way to run Hacked is to piggy-back on a trusted account using a copier and withdrawing funds as the profit accumulates.

Rick

**rsmereka** · 2012-02-01, 12:50 PM

Quote:

Originally Posted by Dan

Rick,

You are correct, no mater what settings you run FH on it will eventually blow up the account. This is what makes running FH really risky, doubling up, and withdrawing profits so intriguing. The longer you are in the market with FH the greater your risk of an account meltdown.

Also, with your current settings you should double up sooner than 7.2 months because you are running it riskier than your original .01 per $10K. Good luck to you and I hope your account makes it until you have doubled up.

Dan

Dan,

I never ran Hacked at 10K per 0.01 (micro). My formula has always been 5K per micro.

I blabbed about running at 10K per micro but never did it.

Rick

Dan · 2012-02-01, 01:18 PM

Quote:

Originally Posted by rsmereka

Dan,

I never ran Hacked at 10K per 0.01 (micro). My formula has always been 5K per micro.

I blabbed about running at 10K per micro but never did it.

Rick

Rick,

My bad, I meant to put $5K. Sorry about that error. It is still 2.5 times riskier than your demo. This is all that I was attempting to point

out. Your time till doubling should be sooner than you are expecting.

Dan

bayon · 2012-02-01, 01:34 PM

there is no way that we can let FH trade freely on whatever settings ..I believe we have to stop FH at some point

,some DD we can sustain then start again.
it will take about 1 week for FH to get back on track.

**rsmereka** · 2012-02-01, 02:27 PM

Quote:

Originally Posted by Dan

Rick,

My bad, I meant to put $5K. Sorry about that error. It is still 2.5 times riskier than your demo. This is all that I was attempting to point

out. Your time till doubling should be sooner than you are expecting.

Dan

No prob,

Agreed but slightly over twice as risky since I have gained back some equity that TFOT lost. Started at 2.4K and change, went down to slightly over 2K (which is the point

I think you are referring to) and now has risen to almost back to where I was before starting TFOT.

Anyway, yes, risk is very high right now. I was surprised this morning when the pound took off and instead of accumulating DD, my Hacked cashed in. Very pleased

Rick

**rsmereka** · 2012-02-01, 02:29 PM

Quote:

Originally Posted by bayon

there is no way that we can let FH trade freely on whatever settings ..I believe we have to stop FH at some point

,some DD we can sustain then start again.
it will take about 1 week for FH to get back on track.

Back on track from what?

This morning when the pound took off?

As you can see, my demo and live/real money account had no issue with this move.

Rick

**reinerh** · 2012-02-03, 05:14 PM

hi rick,

what made you decide to waiver from your own rule ??

.01 per 5k equity highest leverage

.

i think currently its save to run, due to gu having only half its usuall daily range

, plus it ranging a lot.

but it sure seems to me a tad risky in case it needs to open somewhat larger lot sizes.

have a nice weekend

greets

reiner

**rsmereka** · 2012-02-04, 10:52 AM

Quote:

Originally Posted by reinerh

hi rick,

what made you decide to waiver from your own rule ??

.01 per 5k equity highest leverage

.

i think currently its save to run, due to gu having only half its usuall daily range

, plus it ranging a lot.

but it sure seems to me a tad risky in case it needs to open somewhat larger lot sizes.

have a nice weekend

greets

reiner

Hi,

If we never venture beyond just to see what's out there, life would be pretty dull.

A 'tad risky'? It's incredibly risky.

I don't know what is going to happen in the market and I doubt whether anybody knows.

Rick

**reinerh** · 2012-02-04, 05:00 PM

nobody can predict the future thats true.

right now the daily range

sure is very small thats for sure, and it swings nicely, perfect for fh and a few others like envy for example.

also the interest rate

decisions usually caused a 10 day or so move in one direction but not lately.

so many more green pips, or in hacked case red pips but green profits to ya