Forex Flex EA Review 2022

The different packages present include the entire setting configuration of the system which offers 12 trading approaches. However, there is no further explanation of the trading approach. A couple of backtests are presently done on the GBPUSD and the EURUSD pair of 99.9% modeling quality. Although the vendor does not provide the detailed strategy tester report, there is info on the drawdown, pips, and gain made by the backtesting.

Unfortunately, information about the developer or a team that stands behind this EA is missed. However, on their Forex Steam forum, we have found that the admin’s name is Steeve. He has been producing products in this market for over ten years.

The expert advisor will not make spur-of-the-moment decision; in fact it is going to compile the facts and figures and not let fear, apprehension and stress get in the way. It is an automated Forex strategy that allows you to sit back, relax and simply watch the FX Trading Robot do its trick. There is a 30-day money back guarantee is you are not happy with the software.

Nothing on this website is, or shall be deemed to constitute, financial, investment or other advice or a recommendation by us in respect of any product or service referred to on this website. The information on this website is provided for general information purposes only and should not be relied upon by you. There’s broker protection that prevents SL and TP levels from hunting on the brokers. forex flex ea review can close deals earlier before they reach an SL level. We have to focus on trading USD/CAD, USD/CHF, EUR/USD, EUR/GBP, NZD/USD, GBP/USD, USD/JPY, AUD/USD, EUR/JPY, and EUR/CHF cross pairs.

This is something that I haven’t actually seen from any other commercially available forex robot and does show confidence in the software from the developer. The community has plenty of set files along with results if you wish to try out what others are using or you can just use the default settings. This to me shows that the developer has given extra care and attention to details that may often be overlooked by others.

The software implements innovative technology with an abundance of advanced features. It is frequently being updated to ensure that it can stay relevant in todays market. The Flex EA has plenty of trading strategies and set files included, whilst you can customise it to your own trading style. The developer is on hand to help and there is a dedicated forum where you can share your experience with other traders. Forex Flex EA attaches to your charts in MT4 or MT5 and immediately starts analyzing the market on that chart to determine if there are any trades that can take place. If so it will automatically open the trade and manage it until its ready to close and do so automatically.

Forex Flex EA claims to provide accurate trade entries and exits. Our evaluation of the features and performance reveals that this is an unreliable system. The absence of strategy explanation, lack of vendor transparency, risk approach in the real trading stats are downsides that confirm our suspicion that this is not a trustworthy EA. According to the vendor, this EA uses a virtual trade method that ensures precise entries much better than when you use an indicator.

This is not used by a lot of strategy/set files as not all brokers allow hedging, but it is available in Flex for those who want it. DD Stoploss – A fail safe, set a percentage of your account balance to close all trades at a certain drawdown percentage in a worst-case scenario. The Forex Flex EA has a built-in martingale money management control. This is to try and minimise the potential drawdowns and losses.

Several features make it one of the best trading robots available today. Expert advisors are gaining momentum as they offer a solution for traders to follow the forex markets around the clock without sitting at the computer all the time. The EAs, also known as forex robots, are types of software that can perform automated trades based on your trading style.

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