Forex Flex EA has a consumer rating of 5 stars from 1 review indicating that most customers are generally satisfied with their purchases. Click here to access other in-depth analyses on cutting edge forex EA developers. This dynamic interaction enables the developer to constantly adjust his product (hence the “flex” in the name) and keep it up-to-date and running according to the latest market. forex flex ea can likewise be customized/efficient should the further developed trader wish to do as such although it is prepared to utilize straight out of the box. I would like to suggest that you must see the Forex Flex EA website for more live results and more information.
Further, the high drawdown and discrepancy between the total and absolute profit values indicate a high-risk approach is used by the EA. The most important part of any forex robot review is the live account. This development team feels that updating settings regularly is imperative to the long-term growth of any trading account, and so it’s a big part of their trading process. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
However, the excellent performance doesn’t come cheap, and for the price of up to 500 USD, Forex Flex EA might give second thoughts to many before purchase. The Forex Flex EA stays on and operational 24/5 searching for profitable exchange opportunities and strikes when gain can be expected. So unless you turn it off, you won’t miss a single lucrative trade option. There is no info on the developer or the team responsible for designing this FX Robot. We could not find details like the company profile, founding year, location address, other products of the company, phone number, etc. The lack of vendor info raises doubts regarding the credibility of this EA.
Luckily, Acorn 2 Oak can give you a hand in your decision-making process. Under one place, you can find comprehensive information on types of forex robots and compare products and prices. Many trading results verified by the myfxbook site are present on the site.
This approach is transparent, which is key when it comes to the long term viability of a trading software. By default MM is turned on, and calculates lot sizes based on your account balance. You can turn MM off and select a manual lot size to trade with as well. This depends highly on the number of charts you run, the strategy you select, and market conditions. If running 5 charts on default strategy, expect 4-8 trades per week. A fail safe, set a percentage of your account balance to close all trades at a certain drawdown percentage.
Trading can begin as soon as an account is set up after you choose from the various price packages provided. While the standard with a single account license costs $330, the premium package with 2 live accounts costs $495. It runs virtual trades in the background to get more accurate live trades with finding the exact entry point for real trading.
You may wish to test your settings on a demo trading account to begin with. You could also backtest Forex Flex in the MetaTrader strategy tester with your own combination of settings to get a rough idea of historical performance. As the forex market is constantly changing, it is important that trading robots such as Forex Flex are updated on a frequent basis. Thankfully, this is made easy for the user as the software can automatically update itself from the server side, making sure you have the latest version running. Hopefully this Forex Flex EA review has helped you to learn more about this excellent forex robot. You can head on over to the Forex Flex EA website for the latest results, further information and to get started using the robot in a matter of minutes.
There are a couple of Flex EA backtests that you can see in the screenshot below. The 99% modelling quality means that the robot was tested in the MT4 strategy tester with real tick data for the most accurate historical results possible. Much more – These are just “some” of the key features of Flex EA to give you an idea of what is available to users. Servers and brokers and changing slippage and also removing sessions that bring in the most drawdown.
It will help you trade foreign currency through computations without the disadvantage of human emotion in play. With flexibility, precision, and ease of use in mind, Flex EA is set to help you on your path to becoming a successful forex trader. The robot works on the real USD account on the FXOpen broker without leverage automatically on the MetaTrader 4 platform. The account was created on July 09, 2020, and deposited at $7962 in total.