• Welcome back! Thank you for being a part of this Traders Community. Let's discuss and share :)
    Selamat datang kembali! Trimakasih telah menjadi bagian dari Komunitas Trader ini. Mari berdiskusi dan berbagi :)

Suggestion Forex flex v4.91 beta ea

Atsnakaoli said:
I do not want to offend anyone but I repeat when an ea is forced to make a grid it is because it has made a mistake in his entrry and does not have the right indicators
flex ea is too old shit :D:DPlease change it to a new 2021 expert that has 70 80% right orders
this is not necessary to do grid & martingale !!!!
you don't get paranoid and you can raise the lot size because ,,I repeat 70 80% of orders must be single order and go to tp !!!!!!
these are the new experts that run in 2021 !!!
good trader at all
Click to expand...

Could you indicate any EA that works my friend? Thank you very much in advance!
 
Sutatong said:
Ah, people talk about Flex EA here too. Let me share what I have. Read the manual carefully but don't ask me much because am not in this forum very often. My last visit was about December. Preset is included. Try it or modify according to the balance. I am on GBPUSD M5. Good luck.
Click to expand...

This vers. is free and work on live account? In the manual is mentioned it works only on demo and for live need license key.

Thanks
 
Forex Flex ea included the one most searched ea in the net
this is good trading software, the original version is a need cost to purchasing.
 
Does anyone use the "Cologne" setfiles and install it as by his indications on 2 charts?
I do this and the EA opens 2 Trades imediately Sell and Buy.
But i dont see the reason for doing so... its like dont open a position at all.
Anyone can explain me how this should work to make profit?
Thanks
 
blackking said:
Forex Flex ea included the one most searched ea in the net
this is good trading software, the original version is a need cost to purchasing.
Click to expand...

That is no longer true. It's a martingale/grid and its every account is going blow with any set-up.
 
Hello There,
to all the members of this forum. I am new here and got to this forum on searching and
looking for experiences and details about the Flex 4.91. I had good experiences with this EA and I believe that it has potential. I also invested a lot of time with backtests till I started to understand how the individual parameters influence the function of it. I ran the EA on 3x demo accounts ...
Could almost double my account on a demo within 4 days with an aggressive setting for 3x GBP pairs, but only when a high impact news event for GBP came, the drawdown came also ...
Well, the only big problem is that the Flex news indicator doesn't work; only brings the message "No more events" something with the new url on forexfactory, I've read.

So please, do any of you have a working Flex news indicator?
 
juan rulfo said:
NOT SO HAPPY !!!
Click to expand...
Hello Juan Rulfo,
I also had similar experiences with the drawdowns on this EA, but in my opinion the EA still has very great potential. I am running the EA on a demo with a leverage of 1: 500. i am running the EA also on other 2 demos with a leverage of 1: 30 and 1: 33. I've spent many, many hours doing backtests to get good set files . In the meantime I have understood how the individual parameters affect the EA and what their function is. In some forums it is claimed that the EA reads the history forward when backtesting to show a nicer picture ... Personally, I can't say anything about that, I'm not a coder, but when visually backtesting you can see that the EA does not open some trades somehow, but indicators have to be built in that indicate the trend and any pivot point or S + R levels are taken into account .. so the EA has already been built with brains
THIS IS MY PERSONAL OPINION
We shouldn't forget that we are in a market that trades tens of trillions EVERY DAY and there are giants at work who can afford the best EAs and the best traders in the world !!
The biggest drawdowns that I had happened during a GBP news with high impact and because I was trading 3x GBP pairs at the same time ... Then the drawdowns came like a cascade; the first DD, then the account decreased and the next pair reached the set DD percentage ..... The problem is that the flex news indicator does not work, probably because of changing the URL isssue. Maybe someone here can help. There are news indicators that can stop trading, but not specifically for every single pair that you run on the mt4 at the same time. These indicators switch the autotrading button of the mt4 off or on again, depending on your preference.
If you only trade a pair, that's ok and it works.
e.g. the news calendar on davinci-fx dot com
I use the default setting, but with my own set files.
The great art is to reduce the percentage of DD as much as possible and still achieve a good result, because the standard setting of 30% to 40% is simply too much.
And then there is the matter of the news indicator, without this one should NOT trade on a real money account, because the drawdown is preprogrammed there !! So far I have managed to reduce the DD to 23% with a leverage of 1: 400-500 and to around 18% with a leverage of 1: 30 (33) without affecting profitability.
And I am confident that further reductions in DD are possible.

In Conclusion:
I think we have to invest a lot of time to get the best result with an EA in this highly competitive market


And here is the screenshot of my mt4 history, when DD occurred, during a high impact GBP news
soehoe history DD.png
 

Attachments

  • soehoe history DD.png
    soehoe history DD.png
    149.5 KB · Views: 1,232
You must log in or register to reply here.
Back
Top