Charlie July 31, at 2: What timeframe is most effective with this EA? Save my name, email, and website in this browser for the next time I comment.
How Flex Works
Flex EA can be setup to trade just about any trading strategy imaginable. It comes 12 unique built-in trading strategies that you can select with a click of the mouse. Scalper settings — Scalps small profits during market corrections. Full Grid — Your traditional martingale style trading. Shotgun — Throw paint at the wall and see what sticks. This is a fun strategy but also very risky! Flex EA is certainly something new and refreshing that this automated forex industry has desperately needed for years now.
The information provided in this review is only scratching the surface of what Flex has to offer. The EA system is incredible at making consistent profits long term. Hands down best Ive ever seen. It learns and gets to know the movement of the market and executes trade after trade in glorious precision. Run on demo for at least 2 weeks to go Live. I had a lot of success with progressive flexhybrid early last year, but then took my profit and traveled.
I am back looking to do the same, still a viable strat? Yes Progressive Flexhybrid still doing wonders for me, there is also quite a few. I have to say this EA has been a pleasant surprise. Its also the only EA where the customer support is provided by the developer himself.
Been using the progressive flexhybrid set file on the same pairs shown in their myfxbook account. Hello, How is the percentage of profits going? With this configuration Yours sincerely. How long are the trades usually open? I want to see some live performance? I can only find myfxbook signals. If yes, what strategy and what settings?
Against my principles I used it on real account on loosing trades. When TP is hit it opens another one. However, your initial basket in that time is still collecting DD. In addition if the market turns and moves against your hedge, there you will add additional DD depending on lot multiplier for hedge. When I add the Ea to a chart and click ok, it says: Running this EA for several weeks now and all goes well except that I have to figure out some way to prevent stop loss by major events like the GBP flash crash from last week.
Also occasionally stop loss is hit due to trending. I use demo accounts of or USD with 0. One other problem is in the updates of flex. I got warnings from MT4 when v3. Will the open trades be taken over by Flex 4. In general there are 2 situations when those extreme movements can happen. In addition it can be in a way planed such as a Economic news calendar events b unplaned — by market.
New news filter in V4. But keep in mind that sometimes even on medium impact news huge movements may occur or speeches may take some more minutes and then take effect on market. In V4 there are next to the news filter much more filters to protect as much as possible.
New news filter can be configured in order to close baskets on MinsBeforeNews value of minutes. But that would affect every time a news event occurs. But this only means all charts where flex is working on with the same magic number — keep that in mind if you user other EA as well.
If you use it, flex stops adding more trades to the basket in the loosing direction. In total I would wish some more flexible exit conditions in flex. As this product is actively developed, I hope we see something like this in the future. I check from time to time the web side.. The trick to not having to setup the charts on each update is to rename the ex4 file. I cut the version off and simply overwrite it on each update.
Finally as long as your magic number will not change, flex will trade your open trades. Just be careful that the new parameters are set correctly.
If you want to save you custom settings, save the settings in a set file and merge it afterwards. I made me a. If you load this, only those values will be changed. Steve is very active in adding and coding new features and always replies very quickly when there a questions.
I see they have a binary tab on this website but no good recommended systems for binary options. Is anyone using Forex Flex EA on mt4 platform to trade using binary options? If so, what recommended strategy is working and what timeframe within a expiry timeframe? Any indicators that you are using? Are people still having success with this? Been on the fence for a while, curious to know how people are liking it, and if any updates have been released lately?
This is the best EA I have used that consistently makes money every week. Started in June with 5K and since made 2. Started with low risk at first and have been increasing it steadily. I have used halfgrid, flexhybrid and default and all were profitable. I am currently experimenting with some of my own custom settings at the moment on my demo account..
I use 20 pairs with max charts 4 with the other settings set to default strategy settings. I sleep very well at night. What is the best number of bars in the SR indicator setting to be used on a Nano acct. Is it best to use it with any other indicator or is that too much restriction on a given pair? Is it best to use the SR indicator by itself?
Hi everyone can you please help, what would be the best broker for this EA? I will really appreciate your help. Hotforex and FXopen are the recommended brokers, but generally any MT4 broker will work. Joe Steve , i am trying to reach to you , could you please send me your email to contact you asap.
One that actually works. Will share the results shortly. All strats on default settings at the moment. Flex takes some time to get going so waiting for a month or two before gradually increasing the risk level. WIll share results end of Sept. Sean I agree with you. So I share what I do in order to find the right strategy.
I user the strategy tester in optimization mode and let all settings as default and then switch on testing for the strategy from Default to ADR Dynamic. I do this for each pair and a timeframe such as 1 year. Once I found the strategy for each pair that is profitable and with a reasonable DD I can use it with default settings or can try optimization of parameters. But be aware, if getting too greedy even flex cannot help. All strategies are in a way MartiGrids and hence to start with a risk of 0,1 or 0,2 is the key for long-time success.
But if you are a bit familiar with back-testing in MT 4 it is pretty easy. Here are the steps.. Choose your desired symbol 5. Been having a lot of success with 3.
Are people still having success with this? Been a long time lurker lookin to maybe pull the trigger finally. Ya been using it for awhile now with consistent results. This is with the BigDefault strategy by the way.
Some people are looking to double accounts every couple weeks and end up blowing them, not me. Are you using default settings? What broker and what is the leverage you are using? Yes,,I am using Default settings in Forex Flex 3. Any suggestions what is the best strategy? So far Forex flex is the most reliable robot out there. Hi Noel, did you get sst file strategy from seller after you buy or everything by default? Performing ok so far?
Have been using this EA, in profit for two weeks; still nervous about it, since all of the myfxbook examples you post, are not verified by myfxbook. Can you point to ANY real account s verified by myfxbook trading privileges and track record? Long time user of this EA, brilliant product and a must of for any trader. Your email address will not be published. Notify me of follow-up comments by email.
Notify me of new posts by email. August 07, In: Forex Robots 27 Comments. This is a Flex EA vendor account trading their Default strategy. Great EA for all traders, abundance of results, pro active vendor, very active member forum with lots of great information and settings, fair price, extremely flexible.
Chris Roubis August 28, at I have been very impressed with its performance. Keep up the good work. Charlie July 31, at 2: Teddy August 3, at 3: Sam July 30, at 7: Jeferson Bulgarelli Guerreiro August 8, at 9: Ken August 9, at 1: Yorick1 May 15, at Can you shed some light pleasssse.
James April 28, at 3: Ted April 28, at 6: Reidman May 15, at Zman August 5, at 2: Noel Nobleza October 11, at 7: Manasvi Sriram January 21, at 2: