short review Forex Flex EA Review on ForexStore - the best Forex robots market

Forex Flex EA Review

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FXSherlock /
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The Forex Flex EA developer claims that it has been the number 1 performing verified profitable Forex ea since 2012 with a continued evolution year after year of updates and improvements. In this Forex robot review, we'll try to figure out whether this is true or it is just another Forex scamming system.

Basic information about Flex EA:

  • Price$330
  • Currency pairGBPUSD, USDJPY, USDCAD, USDCHF, EURUSD, AUDUSD, EURJPY, EURCHF, EURGBP, NZDUSD
  • Number of real licenses1 - 2
  • Support24/7
  • Refund30 days money-back guarantee if the customer is not happy

Conditions for trading:

  • Minimal deposit amount$1000
  • Time frameH1, H4
  • TerminalMT4
  • BrokerAny

Live performance of Flex EA

Disclaimer

*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.

Live performance analysis of Forex Flex EA

Forex Flex EA has got a number of different Myfxbook accounts. Some of them are customer’s accounts, some are the accounts of the developer. We’ll focus on the developer’s accounts because it is the official accounts that should be the quality guaranty for the costumers.

There are three new strategies available with the 4.93 version of the EA which is claimed to be new 2020 strategies (look on the screenshot from the developer's website below) and they really look like the new once, but there is one small thing that might not everyone see or recognize.

Forex Flex EA live performance statistics

When opening provided statistics we can see that there is this small banner says: " This account uses a custom start date - for a full history, analysis use the "Custom Analysis" tool.” It looks like this:

Forex Flex EA live statistics

It is a special setting that is able to hide some costume parts of the Myfxbook statistics of the account. This is actually often used to hide some blown up account statistics or to make the stats look better. So, when we go to the custom analysis tool, we can access to the full live trading history of the account.

Let’s compare the statistics that Forex Flex EA developer wants us to see and the full history of the so-called “new 2020 strategies”.

Here we have an account named “Flex EA - H1 DefaultTDI + Dynamic allCharts". The first graph is the one that we see without custom analysis.

Forex Flex EA live performance statistics

And this is what the account’s full trading history:

Forex Flex EA live trading statistics

Here is another account called “Flex EA - New EMA Far Apart v3 2020”. Let’s do the same, first screen - without custom analysis, and the second – full trading history.

Forex Flex EA live trading statistics
Forex Flex EA live trading statistics

I hope, you've got the logic. As it turned out, all three accounts that have been represented with the new 2020 strategies are actually old blown up or almost blown up accounts that the developer decided to resurrect.

There are also other live trading accounts of Forex Flex EA that have been doing better. The one named "Flex EA - Default - Acct4" has been showing really good results. It has been out for 80 months already and has collected 10 486% of profit with the average drawdown of 36.53%. Unfortunately, we can’t base the review on it because it is a Demo account.

Forex Flex EA live trading statistics

It is clear that the system uses compound interest as we see that it increases a lot size proportionally to the deposit size, so we can calculate the average profitability to drawdown ratio correctly based on the Myfxbook official monthly gain number. And the results of the system are positive even though it might have been trading with the very high risks and we can see that the Forex Flex EA has faced a number of fixed drawdowns probably caused by the stop-losses that decreased its deposit by more than a third. But, once more, we can’t base our conclusions about the profitability of Forex Flex EA on the statistics of this account.

Unfortunately, there is no available official backtests of Forex Flex EA which makes me think that either the system hasn’t been tested properly or the results were not good. In any case, this fact does not add any positives to this Forex trading system.

Talking about the trading style of the EA I can’t miss the main feature of the Forex Flex EA called by the developer “a newly developed innovative technology involving "virtual trades". Basically, this technology runs virtual trades in the background, using them to constantly monitor the market to help determine the entry point for the real trades. It is difficult to draw any conclusions about this technology since we know very little about the principles of its calculation of the entry point.

The developer claims that the EA has got 12 selectable strategies built-in the system. It is not clear what exactly the strategies and what’s the difference between them but with such a wide range of currency pairs that Forex Flex EA can trade on (developer claims that Forex Flex EA supports ALL currency pairs) and with the variety of the built-in tools it is obvious that the idea of this EA is to reach as many different traders as possible instead of concentrating on one or a few specific trading strategies to bring it to perfection.

As we can see from the live performance of different live accounts of the Forex Flex EA, mostly its trading logic is based on the martingale grid strategy with some sort of money management tools that adjusts lot sizes based on account balance either to control the loses and to grow the deposit. Here we see the lot increase and the grids closing all together:

Forex Flex EA live trading statistics

There are a number of features that developer believes make Forex Flex EA profitable such as money management tool, news filter, Equity Trailing TP, DD Stoploss, Session Filters, a number of indicators (EMA crosses, TDI, Support & Resistance, Bollinger Bands, ADR, Stochastic, RSi, Candle sizes, Momentum), Indicator Closures, Time filters and other.

Summary

Forex Flex EA’s developer tries to make the EA look innovative and highly diversified trading system that would kind of fit to almost everyone, but the fact remains that most of the live accounts of this EA either has been busted or has faced deep drawdowns according to a stop-losses, which only confirms my statement that diversification is not the best thing when talking about Forex robots. Together with the absence of backtests the results of the Forex Flex EA look not that good. It is also not clear what is the logic of this innovative feature that the developer believes determines the entry point called "virtual trades".

At the same time, there are some good things about this EA such as money-back guarantee for 30 days, compatibility with all brokers, and frequent updates. All this together with a large number of live trading accounts (unfortunately, mostly it is customer’s accounts) speaks up against the scamming nature of the developers of the Forex Flex EA.

Final marks

So let’s finish this review by giving appropriate assessments to the Flex EA based on the analysis of its work, statistics, and other factors
Price VS Quality
2.5/5
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Profitability / Drawdown
3/5
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Statistics duration
5/5
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Backtests
0/5
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Authors’ rating
2/5
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AVERAGE
2.5/5
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Explaining the final marks of this review I start from the price and quality ratio mark where the Forex Flex EA has got 2 out of 5. The price of the EA is quite high in my opinion especially taking into account all the busted accounts and absence of the backtests.

Profitable to drawdown ratio is one of the most important characteristics to check when looking for the best Forex robot and in the case of Forex Flex EA, this ratio is different from account to account and mostly not high at all if not taking into account demo accounts statistics. There are a lot of strategies and a lot of different accounts of this EA and they are all showing different results. Some accounts have been blown up, some accounts have just stopped updating trading results and some are still alive with good results so I’m giving 3 out of 5 to equalize all the factors.

Some of the accounts of Forex Flex EA has got a live trading statistic since 2015. It is more than five years already since the developer has launched this EA and it is still alive. It is enough to say that the EA deserves 5 stars out of 5.

Unfortunately, there are simply no backtests of Forex Flex EA so I give 0 out of 5 stars for this statistic. And my personal assessment for the Forex Flex EA is quite similar to the objective marks that have already been given. I don’t feel a lot of confidence in this EA if taking into account everything that’s been said previously. So, 2 out of 5 stars it has.

Automated ForexStore rating is

3.4/10

At the moment of writing this review, the automated rating system of the ForexStore rated the Forex Flex EA by 3.4 out of 10. The review mark for this EA is a bit higher than the automated rating system’s one but still, it is what I think the EA deserves for its performance.

I hope this helps you, traders! I wish you profitable trading and luck on the market!

R
Forex Flex EA人気のあるForexシステム Read detailed review

Flex EA

rating 0/10
NFA
  • 利润总额 496.49%
  • 月次 3.29%
  • 下垂 44.27%
  • 交易日 1840

Flex EA使用了一种创新和全新的技术,其中包含了“虚拟交易”。简而言之,Flex在后台启动虚拟交易,持续监视市场,并确定Flex开始实际交易的绝对完美入场点。

自动化系统如果不始终更新最新设置,将无法长期运作。Flex配备了自动更新系统,确保您的副本始终以最新和最强大的设置更新到当前市场情况。这里还有我们提供的更多创新功能。

统计

Forep Flex EA - 真实 1. 全球 DE TDI 斜率交叉 & 关闭

Forex Flex EA - Myfxbook 交易账户

Forex Flex EA - リアル2。Candlesticks v3 MT5

Forex Flex EA - Forex EA profitabel

有關Flex EA的信息

簡單性

使用預設設置,即可立即連接並開始。 只需將其附加到圖表上,從下拉菜單中選擇所需策略,然後單擊“確定”即可!

(GBPUSD、USDJPY、USDCAD、USDCHF、EURUSD、AUDUSD、EURJPY、EURCHF、EURGBP、NZDUSD)是最相容的,但實際上可以在任何圖表上進行交易。 在設置指南中,還有一些建議避免的貨幣對。

自動更新,請勿錯過更新。 當更新可用時,您將直接在MT4終端上收到通知,只需點擊即可更新。

精確性

新的虛擬市場監控技術提供了無與倫比的準確進入點。 默認設置使用6個虛擬交易來監控每個貨幣對的市場情況。 減少這個數量將獲得更準確的進入點,但交易頻率將增加。 增加這個數量將產生相反的效果。 隨著市場變化,這通常是要調整的主要配置之一。 在這種情況下,將發送自動更新通知,以確保沒有人被遺漏。

靈活性

Flex EA可以應用於幾乎所有交易策略。 每個成員資格都包含12種不同的設置配置,提供了12種獨特的交易策略,可通過單擊連接和執行。

最受歡迎的 Default、FlexHybrid、BigDefault、ADRDynamic、Scalper

策略

標準 - 這是一種由Super Precise、Half Grid和Trend Surfer組成的混合交易策略。

v2標準 - 基於原始標準策略的新交易算法v2.0。

Super Precise - 這種交易非常罕見,但一旦進行,就非常準確。

Scalp設置 - 在市場修正時進行小額利潤的快速交易。

完全Grid - 類似於Forex Hacked的馬丁蓋爾風格傳統交易。

Half Grid - 由於採用了半馬丁蓋爾風格,風險不會太高。

Trend Surfer - 類似於Super Precise和標準設置。

Pump Gun - 這可能有點混亂,但如果成功,效果非常好。

FlexHybrid - 對這個潛力非常興奮。 它使用與標準相同的設置來啟動首次交易,然後在再次滿足這些條件後才開始額外的籃子交易,並且之後也是如此。 這使得籃子中的交易非常分散且動態,即使在困難時期也能生存。 這是一種非常安全的策略,但預計交易可能會持續數天,甚至數週。 FlexHybrid適用於風險為0.1至0.5,Max_Charts為4至5的10個圖表進行交易。

x3 Retrace - 這種策略等待比標準更大的市場趨勢,並在籃子中打開最多3筆交易以尋找修正。

x2リトレースSL - 3xリトレースと非常に似ていますが、最大2つのバスケットで最大取引数が制限され、すべての取引にSLが使用されます。はるかに安全ですが、それほど利益が出ません。

BigDefault - デフォルトと同様に交換しますが、TP(47)とPipstep(32)が大きくなり、より大きなトレンドや転換を探します。

ADRDynamic - 最近の7日間の各通貨ペアの現在のADR(平均ダイナミックレンジ)に基づいて常に変化する設定を使用するより動的なアプローチ。常に変化する市場向けの堅実な戦略。

特徴

  • NFAおよびFIFOと互換性あり
  • MT4 Build 600+と互換性あり
  • 高度に最適化された設定
  • 無料のアップデート
  • アクティブメンバー向けの専用フォーラム
  • ECNサポート
  • ニュースと時間のフィルター
  • 12種類の選択可能な戦略
  • あらゆるスタイルで取引可能
  • マネーマネジメント機能
  • ほとんどの主要通貨ペアで動作

独自の戦略を作成

上記の組み込み戦略はFlexの一部に過ぎません。ユーザーが独自のユニークな戦略を作成するための豊富なオプションがあります。カスタマイズ可能な移動平均線、RSI、TDI、ストキャスティクなどの組み込み指標からヘッジング、ニュースフィルター、サポートおよびレジスタンス、反転モード、資産トレーリング、Pipトレーリングなどの機能までさまざまなオプションがあります!

よくある質問

一括支払いですか?
はい!

どのようなサポートを提供していますか?
24時間365日、通常は平日数時間以内に回答します。

注文後、利用可能になるまでどれくらいかかりますか?
即座に、会員エリアにアクセスしてダウンロードできます。

Flex EAを使用できる最高のブローカーは?
私はHotforexまたはFXOpenをお勧めします、私にとって最高でした。

どのくらいの頻度で取引を行いますか?
これは、実行するチャートの数、選択した戦略、市場状況に非常に依存します。標準戦略で5つのチャートを実行する場合、週に4から8回の取引が予想されます。10個のチャートを実行する場合、8から16回の取引が予想されます。

取引の最低金額は?
ナノ口座では$10、マイクロ/セント口座では$100、標準口座では$1000が最低のスタート金額として適しています。

米国のブローカー?
TradersWayは米国のトレーダーに非常に適しています。

資金管理?
デフォルトでは資金管理が有効になっており、口座残高に基づいてロットサイズが計算されます(または資本に変更することもできます)。資金管理を無効にし、取引したい手動のロットサイズを選択することもできます。

購入に含まれるもの:

Flex EA - $330

  • 1个实盘账户许可证
  • 无限模拟账户
  • 包含12种独特策略中的12种
  • 完全访问具有数百个自定义设置文件的私人论坛

Flex EA + Correlated Hedge EA - $495

  • 2个实盘账户许可证
  • 无限模拟账户
  • 包含12种独特策略中的12种
  • 完全访问具有数百个自定义设置文件的私人论坛
  • 可以在两个EA中使用两个许可证

退款政策

如果证明结果不佳,享有30天退款保证。

F.A.Q.

  • How to install the Flex EA on MetaTrader 4?

    The installation process of the Flex EA on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with Flex EA without problems.

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