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Home > Forex Robots > Forex Hacked

Forex Hacked

Posted by on Jun 05, 2010 | 59 Comments

forex-hackedI usually avoid EAs Like Forex Hacked, simply because they are based on a Martingale system which opens up bigger trades in the same direction in the hope that the price will retrace providing enough profit to cover the losing trades and make a small gain overall. Why? Simply, because if the price trends sharply against the direction of the trades your account can go into very large drawdowns and even risk getting a margin call destroying your bank.

However, Forex Hacked has had some good reviews and seems like a Martingale hybrid system that may actually work in the long run, if you take out the profit you make along the way.

There have been a few releases of Forex Hacked, each providing different recommended settings and currency pairs. Here’s a quick overview to give you an idea:

Forex Hacked Version 1 Settings & Pair

Take Profit: 45pips
Stop Loss: Trailing
Recommended Pair: GBPUSD
Max Open Trades: 8
Chart: H1

Forex Hacked Version 2.2a Settings & Pair (latest version)

Take Profit: 132pips
Stop Loss: Trailing
Recommended Pair: USDJPY
Max Open Trades: 12
Chart: M30 preferred (or H1)

Due to the differing recommended settings and pairs provided by the Forex Hacked team I have run back tests on all combinations to determine what settings and pairs I should use in a Live Test. Take a look below…

lab-results

Test 1: Independent Strategy Testing

2009 GBPUSD Strategy Test (using Version 1 Settings and H1 Chart) results showed trading bank destroyed after 5 months using 0.01 Lots and 1:100 leverage.

GBPUSD-V1-2009-10-H1View full 2009-2010 GBPUSD Forex Hacked Version 1 Settings Strategy Tester results

2009 USDJPY Strategy Test (using Version 1 Settings and H1 Chart) results show a loss from $10,000 to $9779 using 0.01 Lots and 1:100 leverage.

USDJPY-V1-2009-10-H1View Full 2009 USDJPY Forex Hacked Version 1 Settings Strategy Tester results

2009 GBPUSD Strategy Test (using Version 2.2a Settings and H1 Chart) results show growth from $10,000 to $12,369 using 0.01 Lots and 1:100 leverage.

GBPUSD-V22a-2009-10-H1View Full 2009 GBPUSD Forex Hacked Version 2.2a H1 Strategy Tester results

2009 USDJPY Strategy Test (using Version 2.2a Settings and H1 Chart) results show growth from $10,000 to $10,859 using 0.01 Lots and 1:100 leverage.

USDJPY-V22a-2009-10-H1View Full 2009 USDJPY Forex Hacked Version 2.2a H1 Strategy Tester results

2009 GBPUSD Strategy Test (using Version 2.2a Settings and M30 Chart) results show growth from $10,000 to $12,455 using 0.01 Lots and 1:100 leverage.

GBPUSD-V22a-2009-M30View Full 2009 GBPUSD Forex Hacked Version 2.2a M30 Strategy Tester results

2009 USDJPY Strategy Test (using Version 2.2a Settings and M30 Chart) results show growth from $10,000 to $10,705 using 0.01 Lots and 1:100 leverage.

USDJPY-V22a-2009-10-M30View Full 2009 USDJYP Forex Hacked Version 2.2a M30 Strategy Tester results

Test 2: Live Test

I ran further back tests to the ones above all the way back until 2000 and found that Forex Hacked destroyed by $10,000 bank after 4 years in 2004 and again in 2008 (after starting with a new $10,000 bank from 2004). This was using the Version 2.2a settings on GBPUSD M30 Chart. Therefore I have decided to run the Live Test below using only the Version 2.2a settings on GBPUSD M30 Chart.

Currently running Forex Hacked on Alpari UK, testing started on 7th June 2010. Current results are as follows:


View our Forex Hacked Live Test Statement

Demo Account disabled by Alpari on 19th October 2010. The above chart has stopped working now, so please refer to the chart below:


Current Floating Profit ($) Total Balance ($)
-34.30 7919.90
View our Forex Hacked Demo Test Statement

Lab Result:

pass-fail


59 Responses to " Forex Hacked "

  1. tom says:
    March 24, 2012 at 8:55 pm

    lol… i just bought it! its junk? how does forex fbi have good money with it? Are you doing something wrong? how can you make money?

    Overall
    Reply
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