GENERAL Questions
(bot strategy / automated Forex trading, etc.)
In our opinion, Hedgehog Pro is one of the most consistently profitable EA's out there right now, which is why we use it daily on our own live accounts.
That's right, we have "skin in the game" alongside all our clients' accounts.
We're always researching, testing, and developing new bots though. As a Hedgehog Pro licensee, you'll be able to contact us directly if you want more info on any additional bots worthy of your time and attention.
We used to think the same thing about bots. And for the most we agree - most of them do NOT work long term.
In our experience, there's no such thing as a true 'set it and forget it' type of bot.
We prefer to say 'set it and leave it' since all bots (including Hedgehog Pro) need to be monitored on a regular basis and have the settings occasionally adjusted, even minimally.
That being said, the simple underlying hedging strategy Hedgehog Pro uses is evergreen. Meaning, theoretically there's no reason it shouldn't work a year or 5 years from now, and without having to "update" or "tweak" the code.
It's taken us 16+ years of testing over 300 bots (and blowing up lots of accounts) to realize that sometimes the most profitable algorithmic strategies are the simplest ones with zero A.I. or with lots of bells and whistles.
Well as it turns out, yes you can! Our Hedgehog Pro bot runs on nearly 100% autopilot once it has been set up.
Use it to make more by doing less. Accomplish in a matter of months what would've taken YEARS to do the old-fashioned way.
Obviously there's risk involved here. So, it's a good thing you called that discretionary portion you're looking to put into this as "risk capital."
As with any speculative, high-risk, high-reward investment vehickle, you could lose some or all of your money. You could also lose your eye sight, you could lose your hair (you're likely to lose your hair).
All we're trying to say is that with these things there's no guarantees. Got it?
Ok, we've made that clear. There are no guarantees, but this is one of the only legit ways to make money while you're sleeping - literally.
SOFTWARE Questions
(Purchasing, How-Tos, Updates, etc.)
Here's what you get when you purchase the software:
Lifetime licenses to the Hedgehog Pro EA / Robot + the following exclusive bonuses (valued at over $2,500):
BONUS #1: Access to my optimized set files that make my clients $1,000s weekly, including settings that are suitable for funded prop firm accounts (Value $397)
BONUS #2: Free updates and upgrades for life. Anytime we make improvements to Hedgehog Pro, you'll get access to the latest version (Value $297)
BONUS #3: Get early-bird discounts on other future EAs we release. As an existing Hedgehog Pro client, you’ll be notified first before everyone else (Value $597)
BONUS #4: Exclusive access to our private Telegram group where we share additional tips and updates to help you stay profitable (Value $497)
BONUS #5: Prioritized Support. Hedgehog Pro clients are automatically able to cut in line for the fastest response to routine support questions & help desk requests - Priceless!
BONUS #6: Brad's proprietary Trade Info Indicator is a must-have tool for all traders (see below). It automatically calculates and displays the most important account metrics, including your Account Balance, Equity, Free Margin, current spread, current and max drawdown (DD), open Take Profit, profit factor, number of open Buy & Sell position(s), volume (LOT), profit, today’s and yesterday's range in pips, remaining time to the next candle, and more (Value $97)
After your payment is processed, you'll be redirected to our member dashboard registration page where you can then access all the bot files after you submit your name and email. You'll then be able to download the bot file, User Guide, optimized .set files and step-by-step installation video. You can also have us take care of installing and setting up your software for you.
We don't offer a free Demo trial - sorry.
The recommended account minimum is $1,000 for Hedgehog Pro.
Yes, you can. However, for best results, we recommend you use high-quality tick data. Live tick data from most brokers isn't reproduced well in backtests, so you won't get accurate backtest results unless you use a third party tick data software. This is the one we use for all our backtesting and bot optimization: https://eareview.net/tick-data-suite
It depends on which license you purchase. Our Lifetime license allows you to the bot on multiple Demo and Live accounts that belong to you personally.
Absolutely not. Your one-time purchase entitles you to a Lifetime license. Future updates and upgrades are totally free to all active customers and are done periodically when new features are added.
However, we highly recommend the use of a VPS (Virtual Private Server). Think of a VPS as a personal computer you rent on a monthly basis. The kind of VPS we use is optimized for forex trading platforms and ensures the bot is running 24/5 without any interruptions.
The best VPS service we've found thus far is FOREXVPS. This is the best VPS service out there in our opinion and we use them for our own personal bot accounts. Their Basic Plan for about $32/mo is sufficient (it's also tax deductible).
PAMM Questions
(Piggyback off our master account)
In simple terms, our exclusive PAMM account (request invite code) lets you begin with a small balance and enjoy the trading power of the Wall Street Giants... without having to purchase our software or to know a thing about Forex robots / EAs (electronic advisors).
You are piggybacking off our our, yes, master trading account while enjoying 100% passive returns (i.e., professionally managed 100%)... weekly (1% to 2% ROI target each week).
We only take a 30% performance fee (industry standard) for doing all the heavy lifting. And even that is all automated. You literally do nothing but sit back and enjoy watching your account balance grow.
$1,000. However, $5,000+ gives you more opportunities to profit.
No, absolutely not! Your money stays with the broker and is under your control at all times. We never touch your money directly. We can't make withdrawals or deposits on your behalf. We only have permission to trade your account. That's it.
Darren A. writes:
"If I join with a 2k Investment or so, can I add any amount anytime to my FX Bot Acct going forward - 1k 2k 5k 10k...?"
Yes, indeed, you may.
There's no need to alert us anytime you top up your account.
We start each week's trading based on whatever the balance on the master account is at that time, and adjust our lot/position sizes accordingly.
Once you're verified and have funded your sub-account, you'll begin to see trades copied over as the system opens new trades. This usually happens within 24 - 72 business hours of you attaching your funded account to our master PAMM account.
How much percentage profit or money you'll make over time with our FX Alpha PAMM account depends on several factors, including market movements and volatility we have no control over.
Not every month will be the same. And while past performance is no indication of future performance, but based on recent results, FX Alpha has been averaging between 2% to 4% per month.
The reason why there may be a current discrepancy between your Balance and Equity is because the master PAMM account, which yours is attached to, could be in higher than normal drawdown (aka, negative floating equity).
Your Balance is the GROSS value of your account. This includes your initial investment amount + any profits that have accumulated up until this point.
Your Equity, on the other hand, is the NET value of your account at any given time. This figure will fluctuate depending on how many trades are open and in drawdown.
Also, the monthly ROI calculations are based on Balance growth, since those are actual profits investors can withdraw.
Just understand that the Equity is always fluctuating due to active trades that are in play at any given time.
When just starting out, especially with less than $25k in risk-capital at work, it's human nature to desire to let your account capital compound as much as possible.
However, if you're a more conservative or prudent-speculator, we'd say to pay yourself first... on a weekly or bi-weekly basis right from the get-go. This means once all our trades are closed (by the weekend most of the time)... you can move anything in excess of your starting capital into LQDFX's broker wallet (or withdrawal them to your external crypto wallet).
This way, you're taking 100% of your profits 'off the table' consistently on a routine basis. The name of the game here is to get your initial seed capital back as soon as possible.
Once you’re at break even and playing with the “house money”, you’re essentially trading risk-free. Then, from there you can decide how much you want to withdraw and how much you want to roll over to compound your profits over time.
We do have an restriction for automated withdrawals while active trades are in play (which is always the case), but you can contact us directly for a withdrawal approval anytime and we will grant it through the broker.
When it comes to our FX Alpha PAMM, profits are automatically compounded (typically every week or two as the master account balance grows), so there's nothing you need to do on your end to make it happen.
You're welcome to let your profits auto-compound over time. Just keep in mind that in our own personal accounts, we withdraw our profits at least once or twice a month until we've gotten back all of our initial risk capital back in our pocket.
In other words, we only allow our profits to compound AFTER we've gotten back all our seed capital and are essentially playing with the house money.
Of course, you're free to do whatever you feel is best, but just wanted you to be aware of our own personal capital preservation strategy.
Aaron asks:
"At what point is the profit share taken?
"Lets say in one week my account earned $100, but with the 70/30 split, I know the net earnings would be $70 for me - but at what point is the $30 taken? Does that happen at the end of the week, aka, when the markets close and we finish up for the week? Or does that automatically get deducted when I withdraw from my account?"
Our Answer:
First, let's talk about the weekly performance of the master account you may have seen us send out via email.
That number represents the gross profit that was generated in the master account via the prior week's trading activity.
Fees, in the case of performance reporting, aren't mutually-inclusive. Meaning, the 70/30 split charge is only calculated once a month... and the fee is automatically triggered by LQDFX at the beginning of every month for the previous month's profits.
There are two exceptions though...
Exception #1 - If you make a withdrawal of your profits BEFORE the end of the month. If we're out of all trades when you make the withdrawal, you'll see the 30% fee deducted from your account right after you withdraw your profits (or any portion of profits and principal).
Exception #2 - If we happen to have trades open at the end of any given month (which is certainly possible), LQDFX will not withdraw the full 30% performance fee from your Investor account.
It will be prorated depending on what the equity of your account is at that time, and is also withdrawn automatically by LQDFX once a month based on NET profits your account has already earned.
NOTE: If we're still in trades when you want to make a withdrawal, then you'll need to contact us first to get specific instructions on what you need to send to LQDFX for them to process your withdrawal.
I hope the above explanation is clear for you, but if you still have any further questions, let us know.
No. You have to use LQDFX because we use their PAMM platform exclusively.
LQDFX accepts clients from Australia, Thailand, Canada, United States, the UK, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
LQDFX doesn't accept citizens from Belarus.
We work with select partners. So, we just need to know about your background and your goals for when and who you plan referring our way. For those whom we do work with... many, through the broker, are earning an extra $500 to $3,000+ per week for simply sharing our PAMM with their close contacts.
Note: Ongoing residual commissions are paid out every 2 weeks via our PAMM broker, LQDFX and not thru us directly.
To apply to be a referral partner and/or inquiry about the details / restrictions around this, contact us here...
BROKER Questions
(Forex / LQDFX)
We have an extensive post that covers that. However, for the sake of brevity, here are the key bullet points:
- They are one of a handful of reputable Non-U.S. Forex brokers that are willing to accept U.S. clients without any restrictions.
- LQDFX is a two-time award winning company, with goals of being the most loyal, quality and devoted broker through its business model of following the STP execution avenue – there is no dealing desk manipulation, no requotes and no conflict of interest.
- We have used them for over half a decade... and... we have a client-service manager assigned to us, for bot specific trading, we can contact directly in case any problems arise.
Our software license to Hedgehog Pro pretty much works on any Non-U.S. MT4 broker, it performs best on ECN accounts with at least 1:200 leverage and hedging capabilities.
U.S. brokers are too restrictive and don't qualify because leverage is limited to 1:50 leverage and they don't allow hedging, which is a key requirement for how this bot trades.
If in doubt, use our recommend broker (see prior question above) that we and many of our clients have been using for over 5 years. You can always switch brokers at a later date if you choose to.
Side note in ref to our PAMM fund: The master account is on LQDFX, so you have to have an account with them to participate in that 100% automated fund (i.e., no software to purchase, install, optimize, etc).
Brokers can be a market maker or be part of an electronic communication network (ECN). ECN broker spreads tend to be much tighter, but the biggest difference between these two types of brokers is that ECNs make money if you make money. In other words, they have a vested interest in their clients being profitable.
A market maker, on the other hand, may profit at your expense. Statistically, 95%+ of retail traders lose money. Market makers have an incentive to exploit this fact by taking opposite positions to what their clients take. So they make money when you lose.
LQDFX usually processes withdrawals within 48 business hours. But there have been many times over the past 5 years where we've received our withdrawals in less than a day.
There are a few easy ways you can securely deposit and withdraw funds from your LQDFX broker account(s). LQDFX accepts deposits via cryptocurrency, including Bitcoin, Litecoin, Ripple, Bitcoin Cash and USDT (Tether).
Some clients have expressed concern over the sometimes large price fluctuations with using Bitcoin as a funding method. The simplest solution to this challenge is to convert your Bitcoin in an exchange like Coinbase.com to USDT (Tether), then fund your LQDFX wallet via USDT, and withdraw your profits back out via USDT. That way you don't have to worry about Bitcoin price fluctuations.
Hassle-free deposits and withdrawals can also be made by Visa/MasterCard Debit Cards (Non-U.S. citizens) and bank wires via a third-party payment processor, payredeem.com.
With the exception of MT4 PAMM Investor accounts (which are reserved for PAMM accounts only), in most cases you'll want to choose ECN for account type if you're interested in doing any kind of bot or manual trading.
Have a question not listed here?
If so, send us a message....