imma newb here messing with forexhacked with aggressive scalping settings in my tests, i was wondering what others would do to make it get in and out the fastest?
add stop loss only, if so how many pips?(its not in default settings)
Use a 5, 6 or 7 (+spread pip) stop loss based on your forex broker platform?
Use a 13, 15, 18, or 21 pip take profit to maintain 3 to 1 Risk/Reward Ration?
Pipstarter is currently set at 6 seems to low to handle the spikes, was thinking i would change to ~17 and slightly increase the booster…
i think the stop loss in pips would close the trade out faster losing money but still gaining it in the long run, i think this will help with big spikes just taking the loss rather then blow the account or have a huge float…
i have blown around 11k testing in real money so far but im figuring out the best way to run it and its worth that 11k believe me, there will be days when i am testing where it would go all week 10%+ up to 20% daily but then big news will come out and its a wrap all gone at once lol…
if i can have it simply fall out faster and wait longer inbetween the pipstarter i think it can be decreased…
when the EA sees a x amount a pips that defy the at the moment average either direction it could trigger a lower stop loss different from which is in normal settings, in which should decrease the chances of blowing the account(hope you can understand me) not sure if this would need to be modded todo that…
so now i want to run test solely on these lower take loss settings to see what the difference would be to maybe eventually modd the ea…
The plan here is to run it a few hours max per trading day during low times and be happy with 1-3% a day and turn it off, i dont need 10%-20% daily like i have seen…
would like to know what settings others would use in this circumstance? I wanna remain aggressive but and also take losses faster rather then taken chances…Use a 5, 6 or 7 (+spread pip) stop loss based on your forex broker platform?..Use a 13, 15, 18, or 21 pip take profit to maintain 3 to 1 Risk/Reward Ration?
Below is the most aggressive settings on forex hack default, the only thing i changed was the lot size from .01 to .1…
MagicNumber=133714
Lots=0.10000000
TakeProfit=9.00000000
Booster=1.70000000
PipStarter=6
MaxBuyOrders=11
MaxSellOrders=11
AllowiStopLoss=0
iStopLoss=300
StartHour=0
StartMinute=0
StopHour=23
StopMinute=55
StartingTradeDay=0
EndingTradeDay=7
slippage=3
allowTrending=0
trendTrigger=5
trendPips=10
trendStoploss=10
StopLossPct=100.00000000
TakeProfitPct=100.00000000
PauseNewTrades=0
StoppedOutPause=600
SupportECN=1
MassHedge=0
MassHedgeBooster=1.01000000
TradesDeep=5
EA_Name=ForexHacked 2.5
