Forex Flex EA Review

4.5/5
  • Performance
    4.5/5
  • Support
    5/5
  • Ease of use
    4/5
  • Price
    4/5
  • Refund Policy
    4.5/5

Hottest EA On The Market Now 67% Off

Coupon Code: FLEX67OFF

Forex Flex EA is an extremely flexible(hence the name) forex robot capable of many powerful things. It comes pre-loaded with 12 unique strategies that you can switch to within the EA by just a click of the mouse. It’s basically like having 12 EAs in one! Their main strategy called ‘Default’ is a very interesting hybrid of grid and trend reversal. Some of you might hear the word grid and have concerns, but Flex does things quite different. It won’t start a grid until its core asset(its virtual trade technology) determines that it’s safe to do so. Most other grid systems out there open trades with no specific market conditions required, or use very basic outdated indicators which has always proven to fail.

Most of the accounts you see on this page are using the Default strategy on various currency pairs with all kinds of success.

Flex EA Results

As you can see, there is no shortage of real money results with a decent amount of history behind them. This thing has clearly performed well for quite a while now. You will see the monthly gains range from 10% up to over 100% per month. While Flex can be setup to pump out 100% returns per month, it doesn’t come without high risk at these levels. Those kind of gains should not be expected to sustain month over month. If you’re looking for those kinds of gains, you better have an exit strategy to withdraw profits, and rinse and repeat. More sustainable long term gains are in the 10-20% range.

 

How Flex Works

  • Simplicity

You can select the strategy you want to use from a drop down list when you attach the EA to a chart, set your Risk and that’s it. It will do the rest for you. Not only are there now over 12 built-in strategies to chose from, there is now a private member forum where 100s of privately optimized .set files/strategies can be downloaded for free. This is where the value of a community really comes through.

Ready to go, out of the box settings. Simple plug and play. Works best on (GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD, AUDUSD) but can be traded on just about any currency pairs if you desire. You will see some of the accounts are trading 20+ pairs very successfully.

 

  • Precision

Flex EA uses a newly developed innovative technology involving “virtual trades“. Simply put, Flex will open virtual trades in the background, using them to constantly monitor the market to help determine the absolute perfect entry point, at which point Flex will start opening real trades.

New market monitoring, virtual trade technology brings precision entry points that no indicator can compete with. The default settings will use 6 virtual trades per currency pair to monitor market conditions. Lowering this number will result in less accurate entry points, but higher trading frequency. Raising this number will do the opposite.

  • Flexibility

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.

These are just a few of the built-in strategies:

Default – This is a hybrid trading strategy of Super Precise, Half Grid and Trend Surfer.

v2Default – New v2.0 strategy based off the original with some slight backend algorithm tweaks.

Super Precise – This opens trades very rarely, but when it does it’s very accurate.

Scalper settings – Scalps small profits during market corrections.

Full Grid – Your traditional martingale style trading.

Half Grid – Not as risky as Full Grid, about 50% less trading frequency.

Trend Surfer – Similar to Super Precise and Default settings but with bigger TP values.

Shotgun – Throw paint at the wall and see what sticks. This is a fun strategy but also very risky!

 

Pricing

 

Flex EA

  • 1 Live Account License
  • Unlimited Demo Accounts
  • 12 of 12 Unique Strategies Included
  • Full Access To Private Forums with 100s of custom set files
  • 67% Off Coupon Code:
    FLEX67OFF
*regular $999

$330

Flex EA + Correlated Hedge EA

  • 2 Live Account Licenses
  • Unlimited Demo Accounts
  • 12 of 12 Unique Strategies Included
  • Full Access To Private Forums with 100s of custom set files
  • Both Licenses Can Be Used With Either EA
  • 67% Off Coupon Code:
    FLEX67OFF
*regular $1500

$495

Conclusion

Flex EA is certainly something new and refreshing that this automated forex industry has desperately needed for years now. Another  invaluable part of Flex is their very active member forums that contains a load of fantastic information and including lots of very good private .set files. The information provided in this review is only scratching the surface of what Flex has to offer. Don’t be afraid of too many settings or too much to learn, there are boat loads of .set files you can download and simply plug and play that optimize all the settings for you. There is even a 30 day money back guarantee if you’re not happy.

Here is another Forex Flex EA review by FNT.

Forex Flex EA Twitter

 

 

Visit ForexFlexEA.com

 

Forex Flex EA Ratings

Summary
Review Date
Reviewed Item
Forex Flex EA
Author Rating
51star1star1star1star1star
  • Pete Reply
    Oct 22, 2015 @ 2:03 am

    Curious if anyone out there has some set files they are willing to share with their own unique strategies? Default, Full Grid and x3Retrace have been very good to me so far, but I know there must be better out there 😛

    • Yoji Reply
      Oct 28, 2015 @ 0:00 am

      I use big default, but with 7 max buys/sells and 0.01 starting lots trading 20 pairs. Consistent profits for the past 2 months with max DD of 15%

      • taiye Reply
        Nov 10, 2015 @ 6:07 am

        Hi Yoji,
        What size of account are you using for this strategy?
        Thanks

  • Mike Reply
    Oct 8, 2015 @ 18:58 pm

    Joe, do you think it would work good with FlexHybrid Strategy? I am sold on this particular strategy!

    Any particular Pairs you are using TrendMode on?

    TIA!

    • William Reply
      Jan 9, 2016 @ 17:38 pm

      Mike, I just purchase FlexEA. I am looking for a 30 minute consultation over the phone to go over the system and strategies. I’m ok with paying. Let me know what you think.

  • Thomas7 Reply
    Oct 8, 2015 @ 18:18 pm

    First two weeks with Flex have been beautiful, trading two accounts, one with x3Retrace and one with FlexHybrid. One has done +15% already and the other +18% respectively. Only 8% DD on both so far. Glad I found this site 🙂

  • Tiltme Reply
    Oct 8, 2015 @ 18:16 pm

    Anyone have experience with the new trendMode feature? Looks very interesting.

    I’ve been having huge success with the scalper strategy using slightly different settings, but don’t think the trendMode would work well with it. Looks like it’s more suited for the bigger strats like Default.

    • Joe Stevens Reply
      Oct 8, 2015 @ 18:21 pm

      I use it with Default and Half-grid, working very very well so far.

      • Shedrack Reply
        Oct 10, 2015 @ 11:23 am

        Do you think this EA can work perfectly on $500 account trading on 10 currency pairs?
        If Yes, please recommend a setting.

      • Edvin Reply
        Nov 1, 2015 @ 9:28 am

        Joe,
        When using trend mode, do you use lot multiplier with that too.

      • Edvin Reply
        Nov 1, 2015 @ 9:33 am

        Joe,
        I meant pip step multiplier.

      • William Reply
        Jan 9, 2016 @ 22:39 pm

        Joe, I just purchased FlexEA. and I am looking for someone with experience to give me a 30 to 60 minute consultation over the phone to go over the system and strategies. I will pay for the consultation. Would you be available.

        • Joe Stevens Reply
          Jan 11, 2016 @ 20:12 pm

          What do you need to know? Most of the questions could probably be answered here.

          • William
            Jan 11, 2016 @ 23:35 pm

            I started about 12hrs ago and I am doing FlexHybird with the settings it comes with on 14 pairs. No trade has been triggered. Is this a good strategy or should I change something ?

          • William
            Jan 11, 2016 @ 23:39 pm

            The lot size is set at .04, that seems very small. How is lot size calculated ?

    • Mike Reply
      Oct 8, 2015 @ 19:02 pm

      Tiltme, mind sharing your scalper settings please?

  • John Reply
    Sep 24, 2015 @ 22:14 pm

    Anyone interested in setting up a US based traders private chat group focused on using for this EA? Email me at jmhanna28@hotmail.com, lets put our heads together and get the most out of this EA.

    • John Reply
      Sep 24, 2015 @ 22:15 pm

      By the way put forex flex chat group in the subject….Thanks

  • Mince Reply
    Aug 19, 2015 @ 10:20 am

    Hi
    What happened to the previous reviews that asked for Flex not to be sold anymore? 🙂
    Also, if some very serious traders want to make a private group so we share our tips, settings, observations, management, of Flex EA, please contact me on mince@yopmail.com . I can then give my skype. Experience with Flex EA needed, or big account / big desire to archieve profit !

    • Joe Stevens Reply
      Aug 19, 2015 @ 23:06 pm

      I don’t think Flex has to worry as much about brokers starting to fight it’s success like the old days of Asian scalpers. But I get the sentiment of wanting to keep something that makes you money private 😉

      As for the private group thing, I’ve actually been thinking about setting something up on the site for that. Like a private little Flex forum to share settings/strategies/results. The strategies included with it are great, but I know there is some of you out there I’ve talked to with even better ones. Question is, would they be willing to share? 😛

      • Randomuser Reply
        Nov 11, 2016 @ 16:39 pm

        Hi Joe

        Just wondering if you set up a private group for this EA.

  • David Mac Reply
    Aug 18, 2015 @ 16:49 pm

    Question For Nico…Is that Real or Demo Account? And What Broker are you Using?

  • Nico Reply
    Aug 17, 2015 @ 20:13 pm

    Here is my Flex trading Default strategy on 20 pairs. I literally just opened 20 charts, put Flex on all of them and changed NO settings. Here is the result.

    Flex Default Results

    • julius Reply
      Aug 18, 2015 @ 5:59 am

      if you trade this way, sooner or later you will BLOW your account

      • Nico Reply
        Aug 18, 2015 @ 14:06 pm

        This isn’t a full blown grid trading EA like Forex Hacked, it’s much much different.

        Each chart has a 10% DD stoploss, and only 4/20 are allowed to have open trades at the same time. I haven’t even come close to hitting the 10% DD on any of my charts in over 6 months of trading Flex.

        • sham Reply
          Mar 15, 2017 @ 20:28 pm

          Hi Nico, are you still using this EA? how is it going?

      • Christopher Reply
        Aug 18, 2015 @ 14:22 pm

        I am actually trading 25 pairs on Flex Hybrid with the out of the box settings, and am seeing similar results. I’ve been trading small lot sizes as shown on this screenshot, and am thinking of increasing them. Flex Hybrid does not add trades to its basket until strict conditions are met, so there is less risk than with full grid trading. I’ve been very happy with it so far.

    • Mike Reply
      Aug 18, 2015 @ 11:49 am

      Very nice Nico, can you please post what 20 pairs? Is it the 10 Steve says are best in read me file? And if yes what are the other 10?

      TIA!

    • coolheat Reply
      Aug 19, 2015 @ 1:30 am

      who do you trade with

    • Stephen Reply
      Aug 24, 2015 @ 11:32 am

      Hi Nico,
      You mentioned that you’ve changed no settings using the default settings? And that includes lot size? Is the EA determining lot size, as well?

    • david Reply
      Sep 22, 2015 @ 10:04 am

      nico,

      to put the same strategy on 20 pairs, don’t you have to change the magic number?

  • Donaldson Reply
    Aug 8, 2015 @ 3:27 am

    Ugh I’m just praying for the day this thing is no longer for sale. It’s making me way too much money and the longer it’s available to the public the greater the chance that could all end. I wonder if I could pay the vendor enough to stop selling it lol.

    • Sidsix Reply
      Aug 8, 2015 @ 3:29 am

      Shhhh!

  • Elewode Timothy Reply
    Jul 30, 2015 @ 23:19 pm

    Please is there any setting that I can use to make at least 100% profit using flex?

    • Joe Stevens Reply
      Jul 31, 2015 @ 12:08 pm

      Of course there is, but you must first ask yourself if you’re willing to risk at least 50%+ of your account in the process?

      You could run Default strategy on 20+ pairs, and increase Max_Charts to 10 with 0.5 Risk.
      Or run Full-Grid on 10 or so pairs, low risk and Max_Charts 10

      You could essentially make 100% with any of their strategies if you can handle the risk.

  • tradingshed Reply
    Jul 29, 2015 @ 5:08 am

    Hi, I am having trouble with Flex, is interfering with other EAs and modifying their orders. I have tried to contact the vendor for weeks with no success. Anyone else with the same problem? Did anyone manage to get support from the developer?

    • Joe Stevens Reply
      Jul 31, 2015 @ 12:06 pm

      You may be blocked by a spam filter, I know they were having issues with a few certain ISPs not getting through to them. Try emailing them via another domain email.

      As for your modify problem, are you by chance using the trailing mode?

  • Lee Reply
    Jul 28, 2015 @ 4:35 am

    Is it possible to set a max pips drawdown instead of % of balance?

    • Lee Reply
      Jul 28, 2015 @ 4:36 am

      …or an actual stoploss per trade in pips at least

  • Sidsix Reply
    Jul 24, 2015 @ 17:50 pm

    Loving this FlexHybrid strategy, keeps pumpin out wins with minimal drawdown. Im curious to try the other strats too but can’t pull myself away from this one.

    • Christopher Reply
      Jul 25, 2015 @ 0:12 am

      Are you using the out of the box settings on the FlexHybrid? I’ve been running the other strats for the past month on a demo account. Scalper, Half Grid and 3X Retrace trigger more trades but you have to be ready for steeper drawdowns. All but one (so far) recovered nicely, but not for the faint of heart.

      • Sidsix Reply
        Jul 25, 2015 @ 1:55 am

        Yes out of the box settings for FlexHybrid, but changed risk to 0.3 and DD_stoploss to 30 trading on 20 pairs.

        I find the scalper more dangerous than the other 2 you mentioned. It’s great to pile in some quick cash with the scalper, but it can just as quickly get you in trouble.

  • Darien Fawkes Reply
    Jul 21, 2015 @ 3:28 am

    Two questions:
    1. is it better to use drawdown percentage or stop loss as a way of money management?
    2. i set my virtual trade to 1 and it seems to be trading well.. however the default was 6. is that ok?

    • Joe Stevens Reply
      Jul 24, 2015 @ 17:28 pm

      1. I use the DD_Stoploss percentage which is based on a per chart basis now. The 2xRetraceSL strategy uses a 100-120 pip stoploss and seems like it could be a great long term earner though, just not as big in profits. If you plan on using the real stop loss in pips, don’t set it too low or it will crush your profits.

      2. Setting virtual trades to 1, is essentially turning Flex into an almost full martingale EA, which is fine and can make a lot of money but can get risky very quickly. If you’re going to trade like this, I suggest using the lowest risk possible.

  • Doug Reply
    Jul 17, 2015 @ 13:50 pm

    Hi guys I am a Forex trader and have tried out many robots in the past and none of them have worked so before I buy and try the Forex Flex EA I would like to know if this EA is really winning on a consistent basis. I have looked at all the trade results on myfxbook, but have seen the same type of results with other bots I have tried in the past on a demo account and did not get the same results. Also the new Flex EA 3x Retrace strategy with an 83% win rate looks good so please give me some feedback guys so I can decide if I am going to buy this EA or not.

    • Joe Stevens Reply
      Jul 24, 2015 @ 17:34 pm

      This EA is based more so on mathematics than anything else, so there is no reason why demo results won’t transfer to real at almost 1:1 unless your broker is playing you.

  • robert rawson Reply
    Jul 16, 2015 @ 5:05 am

    At 17:00 the 3X account opened (the myfxbook one) opened 2 cad trades, the drawdown got well over 30% as I watched it all day. My own opened the same trade yesterday as the 3X, but today opened no trades, while the myfxbook one opened a cad, nzd/usd and nzd/jpy, so has 3 pairs with 3 open trades.
    I think mine is set to wait 1 minute before opening trades, but if you look at the 3X you will see 2 trades opened that minute (doubling Lots). Hope it recovers for the guys sake who owns the account

  • brierley Reply
    Jul 16, 2015 @ 3:21 am

    what is his setting http://www.myfxbook.com/members/forexfbi/Flex-EA-Acct5/1251701

    • Joe Stevens Reply
      Jul 24, 2015 @ 17:34 pm

      I believe that account uses Half-grid strat.

  • robert rawson Reply
    Jul 14, 2015 @ 6:29 am

    Hi,
    I am thinking of changing to 3X retrace, but because I don’t know how reliable the VPS is I am using 2X retrace. If I resave the templates to 3X can I add a stoploss like 2X does or will it ignore. The VT can be changed but can SL? Thanks. Asking before I try, as I logged into the forexflex website but there was no ‘contact us’ inside the members area. If I can add a SL for safety to the VPS MT4 I think I will. The results from 3X are better, and doubling instead of tripling will give me more profits…with the VT8 I use. I even started a myfxbook of my account. I think it is a great tool.

    • Joe Stevens Reply
      Jul 24, 2015 @ 17:37 pm

      If your VPS can run 2x retrace, it will have no problem running any other Flex strats.

      You can add a stoploss to 3x retrace, just select it from the strategy list, and then enter a RealStopLoss.

  • mic Reply
    Jul 10, 2015 @ 9:49 am

    Hi everyone i just purchase flexea..pls any can share a stratege &good setting for account of $400.

    • Christopher Reply
      Jul 10, 2015 @ 15:50 pm

      Since you have only 400 dollars, it’s important that you let it calculate the lot sizes for you, which it does on the basis of the size of your account. If you leave it at the settings that are already preset, then it will do this for you.I bought it last week, and traded the default strategy on a 3800 dollar demo account. It traded it up to 3900 within 5 days taking three or four small trades. I then added yesterday the Scalper setting, and it took four or five pretty risky trades (which it eventually won by adding to the positions martingale-style) bringing the account up to 4062. I’m satisfied with this, though since I am conservative, I’m not sure I’m going to run the Scalper right away on the live account. On long trades, it seems to work by catching falling knives and then scaling in with larger and larger lot sizes martingale style until it can squeeze out a small profit when there is a pullback. The gurus tell you not to trade like this. If I want to sleep at night, it’s probably good advice.

      • Mike Reply
        Jul 13, 2015 @ 14:01 pm

        Hi Christopher, great name BTW…one of my favorite Saints!

        No, it just increases the lot size. I am getting quite a few and trades regularly but have not counted exactly. It just varies depending if does the additional trades, etc. This is the overall most consistent EA I have used since 2008.

        Happy Trading!

    • Mag Reply
      Jul 12, 2015 @ 11:57 am

      Yes I also bought it but see no set files in the package, how do I know what settings to use to trade the different strategies? Am I missing something?

      • Mike Reply
        Jul 12, 2015 @ 14:59 pm

        When you click on the strategy you want to use the EA will use those settings that are for that particular strategy. I personally like the newer FlexHybrid strategy the best.

        Happy Trading!

        • Mike Reply
          Jul 12, 2015 @ 17:55 pm

          Mag, to add that is all you have to do…the settings will be the default of strategy in background even though will show diff when looking at input tab settings. You can verify because some things like # of buys or sells will show on chart window for the strategy you are currently running.

          I did really well with gap down today on GBP/JPY and good thing I had 100% DD. Too close for comfort though on that pair and just added it since Julius mentioned so thanks again Julius but I took down the extra GBP pairs you mentioned for now. They made money but seems more risky than the 10 pairs forex flex list under documentation so just sticking with that now with flexhybrid, 100% DD and 0.7 risk. Joe mentioned that 100% DD and it’s working so pulling out profit already to do it again!

          Happy Trading!

          • Mike
            Jul 12, 2015 @ 17:58 pm

            I think what others are missing about this EA and one reason why it is so successful is it closes all trades on all charts when at overall 1% gain. That’s also another reason the 100% DD ends up working out…

          • Christopher
            Jul 12, 2015 @ 20:23 pm

            Mike, does cranking up the risk increase the number of trades? How many trades per week is flex hybrid giving you?

  • robert rawson Reply
    Jul 7, 2015 @ 7:21 am

    Hi guys, I just bought it because of all the reviews here. Struggling with what settings to use to be conservative. I will set up a VPS on my $1330 account ECN go markets in the next couple of days.
    I think 7 pairs with 2X retrace, 3% drawdown, 18% a month so far…by the myfxbook. From what you guys are saying the flexhybrid is the other best one.
    But how come there is no myfxbook – even for a month or two? And how come the 99.9% backtests cannot be clicked on to check out?
    But if flexhybrid does as good as default 2 it should not be a problem. I am conservative and want about 100% a year, managed fx guys always lost my money and wanted 30% commission. Robots always lost. And trade copiers were $100+ a month. This was a spur of the moment decision. Hope we all profit.

    • Christopher Reply
      Jul 7, 2015 @ 21:20 pm

      Robert, I also bought it because of all the reviews. I began the flex default on a demo account last Thursday with the “out of the box” settings. It seems to be behaving quite conservatively for me so far. To date (5 days) it has only opened and closed 4 long EUR/USD trades for an average of about 7 pips each. I guess it depends on what size you’re trading, but at 0.1 setting, it’s not much. In any case, it’s 4 for 4, so I’m not complaining.

      • robert rawson Reply
        Jul 13, 2015 @ 4:36 am

        I’m doing well with it so far. The 2X is what I have on. I tested it (live) with flexhybrid, and it stayed open over the weekend on the flex, which I don’t want to do again.
        My settings are conservative. VT=8 (was 7 first night and gbpused opened 4 martingales to win $100) so I set them all to VT8 to feel safer. have 14 pairs on 2X, VT=8, risk=0.02, 4 positions not 5-the5th martingale will destroy account if it goes bad, and equity not balance, charts 3…too many at once if things go bad can = DD. maybe they are misnamed these strategies, from trades on myfxbook and mine. The 2X goes 00.1,0.03,0.09.027… and the 3X goes 0.01,0.02 etc…

    • Mike Reply
      Jul 12, 2015 @ 18:05 pm

      Hey Robert, The myfxbook are on home page: http://forexflexea.com/

      • robert rawson Reply
        Jul 13, 2015 @ 8:06 am

        Hi Mike,
        It was just the Flexhybrid that I could not find a myfxbook for.
        I like the 2X has a stoploss, and in reality actually increases lotsX3. I notice now that it is called 2X because it will only increase martingale twice. I use low risk 0.02 and 4 martingales with VT=8

        • Mike Reply
          Jul 13, 2015 @ 13:56 pm

          Hi Robert, the FlexHybrid is on myfxbook from the home page link I posted. It mentions in description that changed from default to FlexHybrid in June when it was created. It’s fantastic! http://www.myfxbook.com/members/forexfbi/Forex-Flex-EA-Real2-ForexFBI/889543

          I am trading all 10 pairs vendor list on documentation and so far doing better than the myfxbook account.

  • Christopher Reply
    Jul 6, 2015 @ 12:21 pm

    The first trade that Flex opened for me was a long EURUSD at the Asian open (7/5). I wonder if there is a script in the algorithm that instructs it to buy the gap? Also, I am wondering when it will close the trade to lock in a profit. (I am using the default settings.)

  • Julius Reply
    Jul 4, 2015 @ 14:52 pm

    Also forgot to mention, flexhybrid is a lot safer than default. it opens the 1st trade and than only open the 2nd trade if a similar condition met, usually after 70 to 100 pips. Unlike default open 2nd trade after 21 pips.

    e.g 1st = 0.01, 2nd= 0.03 3rd= 0.09 i found 70% trade closed with 1st trade, 28% trade closed with 2nd trade, only very rare closed with 3rd trade.

    i found gbpnzd, gbpaud, gbpjpy, gbpchf trade often and profitable due to the nature of the currency, a lot of ups and a lot of downs, very volatile. gbpcad is the one closed with 3rd trade. but still very low risk.

    hope that helps. good lucks

    • Christopher Reply
      Jul 4, 2015 @ 18:55 pm

      Hey, thanks for the information!

    • Mag Reply
      Jul 22, 2015 @ 14:02 pm

      Thanks for your advice, these pairs work well!

  • Panther Reply
    Jul 3, 2015 @ 12:08 pm

    could anyone please share his beautiful setting with us pls. final for best result cause am loosing instead of gaining.

    Thanx to All

  • Scarpips Reply
    Jul 2, 2015 @ 12:03 pm

    My first month of Flex was a huge success. This is one EA I won’t be refunding that is for damn sure.

    • Mike Reply
      Jul 2, 2015 @ 19:23 pm

      ForexFlex is ZZZZZZ BEST!

    • Christopher Reply
      Jul 4, 2015 @ 1:43 am

      I recently bought ForexFlex and am running the default settings on the six major pairs in a demo account right now. (It has not opened a trade during the two days it’s been up.) I’ve been reading the posts and am curious why people prefer to turn the risk way up. I don’t want to blow out my account right away once I go live. Can someone explain to me the advantage here?

      • Julius Reply
        Jul 4, 2015 @ 14:31 pm

        1. go for the flexhybrid
        2. use a ECN account,
        3. use risk 0.2
        4. i trade 15 currencies at the same time, but max only 4 charts will be trading at any one time – default setting
        5. it is very safe with this setting and profitable too

        • brian low Reply
          Jul 4, 2015 @ 18:16 pm

          which pairs do you trade

    • Manoj Reply
      Jul 7, 2015 @ 11:32 am

      Can i know which setting u r using

  • Derreck Reply
    Jun 29, 2015 @ 13:21 pm

    Anyone trading the Flex EA 3x Retrace strategy? Did you copy the good trading today shown on the myfxbook?

    • Yuri Reply
      Jun 30, 2015 @ 12:16 pm

      I am, and yes it did pretty much match the trades on their 3xRetrace account. Thanks Greece 🙂

    • dirk Reply
      Jul 2, 2015 @ 12:01 pm

      Been trading a mix of x3Retrace and FlexHybrid strategies on 20 pairs… This week has been unreal so far. I’m watching my fap turbo, rev trader and others just get destroyed this week because of the Greek volatility, but Flex is just thriving in it.

      I love the fact it has over 10 strategies to chose from, very addicting robot to trade with let me tell you lol.

  • Mike Reply
    Jun 24, 2015 @ 16:35 pm

    Hey Kim and others regarding 100% DD. I feel same as what Joe wrote regarding this, especially the way the new FlexHybrid Strategy works. When account reaches 100% profit I will withdraw profit.

    Here again is what Joe wrote:

    “I assume you’re using the default risk and stop out percentage of 40% as well? I personally don’t like the 40% stopout and prefer to just risk it all in true grid fashion. The 40% stop and running anything medium risk or higher gives Flex very little room for error. Just withdraw profits every double up or so, any account wipe should just be considered like a losing trade. If done right you should have more double ups than account wipes.
    You can also go the route of letting the account grow and grow. The bigger the balance the longer it can last through big swings. But this ends up resembling stock trading, the question becomes when do you get out with your profits before it’s too late?

    Happy Trading!

  • Ben Reply
    Jun 24, 2015 @ 1:14 am

    I’m not sure I understand why you would set StopLoss_DD to 100%. If a pair has gone over 50% in drawdown, and you are trading the FlexHybrid strategy, it has attempted to do 3 trades in grid fashion, all the trades would be heavily under the water and unlikely to come back for a significant time. Wouldn’t it be more prudent to just close the trades around the 30-50% mark and start again?

    I have the risk turned way up for the Default strategy, trading on 10 pairs, but only 2-3 charts maximum at any point in time (as I think it is rare to get 4 or more trades at once so higher risk is better, with fewer consecutive trades). The EA trades beautifully and drawdown doesn’t generally exceed more than 15%. It seems better to me to put your drawdown maximum near where 90% or more of typical trades run to.

    To me risking your entire balance doesn’t seem worth it beyond a certain amount of drawdown. Or perhaps I am missing something… I would be interested in other peoples view…

    • julius Reply
      Jun 24, 2015 @ 14:02 pm

      strongly agree 100% is far far too much. i do find flexea 2.3 is very stable but still think the 1.0 risk and default 6 vt is not safe enough. i use 0.4 / 0.5 risk and default 7. that way, i can sleep and no worry. also, test your brokers, it acts very different with different brokers. ECN is STRONLY recommended.

      i trade both default and super preceise at the same time with all 10 pairs, so total 20 pairs. default vt=7, risk = 0.5. super precise VT=8, PS=22, risk = 0.4. dont trade very often but 90% win rate. very stable and profitable.

      I lose a lot money before because i over trade the account and want quick money, but after all 20%-30% is very doable with risk = 0.4 / 0.5.

      • Mike Reply
        Jul 8, 2015 @ 20:17 pm

        Thanks Julius, I added all the GBP pairs you mentioned to run FlexHybrid on. That is the strategy I personally reco with all default settings except risk at 0.7 and DD @ 100%.

  • Mitch Reply
    Jun 23, 2015 @ 11:37 am

    what is Flex EA setting for 3x Retrace

  • Mike Reply
    Jun 22, 2015 @ 21:08 pm

    John, it is very easy…

    I reco for starting out (and what I do even after using EA’s since 2008) just use the new FlexHybrid Strategy with all default settings except me personally I changed risk to 1. and DD 100%…changed nothing else and running on all 10 charts that vendor recommends.

    Get a VPS!

    Overall great broker IMO to use Flex with is TradersWay, ask for Joe Carney and tell him Mike sent ya. He has best customer service in the industry bar none!

    I have used just about every EA and top manual trading systems out there and Flex is currently my overall favorite! Especially with the 75% off, great deal…all IMO!

    Happy Trading!

    • Kim Reply
      Jun 24, 2015 @ 7:48 am

      Hey Mike,

      Does DD 100% means you could wipe out the entire account? How do you know when to withdraw your money to protect against that?

      • Mike Reply
        Jul 12, 2015 @ 18:10 pm

        Yes it does, withdraw when profit when reaches 100%…so far this strategy is working for my investment but it’s just one of many…best of luck to you!

  • Sekac Reply
    Jun 22, 2015 @ 20:07 pm

    FlexHybrid is the best thing that’s happened to me this year. Thing is just churning out non-stop winners everyday.

  • john duffy Reply
    Jun 20, 2015 @ 22:18 pm

    I’m newer to Forex and have never used an EA (or bot). I am interested in Forex Flex. Is this an easy to use and understand for a relative Forex rookie? Any input is appreciated. Thanks…

  • Stephen Reply
    Jun 15, 2015 @ 7:03 am

    I’d appreciate if someone could explain why the higher the account balance the lower the leverage should be. For example, on the FH website it is suggested that account leverage should be set at 100:1 or 200:1 for accounts over $5000 and higher leverage for smaller account sizes. Thanks in advance for any guidance offered.

  • Michael Reply
    Jun 10, 2015 @ 11:05 am

    So trending will also be overrules by the “close all trades when floating trades reach this pct?”

    • Timothy Reply
      Jun 13, 2015 @ 9:47 am

      Please how can I install forexflex robot on android

  • tellanup Reply
    Jun 10, 2015 @ 3:35 am

    I have setup more than 20 pairs with super precise setting as back tests looked very promising

  • Michael Reply
    Jun 9, 2015 @ 8:58 am

    can somebody tell me the exact mean of this:
    close all trades when floating trades reach this pct?

    does this mean it overrides the tealtakeprofit?

    • Joe Stevens Reply
      Jun 9, 2015 @ 21:43 pm

      Yes, it will.

  • MEF Reply
    Jun 8, 2015 @ 16:34 pm

    Can I trade with this software with Forex.com?

  • Michael Reply
    Jun 8, 2015 @ 9:08 am

    Would you mind sharing your settings?

  • Mike Reply
    Jun 5, 2015 @ 0:59 am

    New FlexHybrid working nicely thus far!

    • brierley lowe Reply
      Jun 6, 2015 @ 5:28 am

      tell me more about what the hybrid function

      • Mike Reply
        Jun 7, 2015 @ 18:38 pm

        Bri,

        Info from vendor:

        New Strategy “FlexHybrid” added. We’re very excited about the potential of this. This uses similar settings as the Default to open it’s first trade, but then any additional basket trades after that are only opened after those same conditions are met again, and again. This results in trades being very spread apart in a dynamic fashion within the basket allowing to survive in the worst of times. This is a very safe setting to use, however expect to have trades left open for days, maybe even weeks in rare cases. FlexHybrid is a good strategy to trade with 10 charts, on 0.1 – 0.5 risk with Max_Charts of 4-5.

  • Mike Reply
    May 29, 2015 @ 2:13 am

    So Joe, you set default at 100 but do you leave the floating TP at 1%? or change to 5% like JJ?

  • Mike Reply
    May 28, 2015 @ 15:17 pm

    What are the settings for this demo account: http://www.myfxbook.com/members/forexfbi/Forex-Flex-EA-Acct4/901582

    I would like to match…

    TIA!

  • Mike Reply
    May 28, 2015 @ 1:26 am

    JJ, I also notice you have floating to not close until 5% instead of default 1%. So you actually have no stop loss if at 100% right? and waiting for bigger close with floating 5%?

  • Mike Reply
    May 27, 2015 @ 22:32 pm

    Thanks again JJ, I loaded your sauce and it’s set right regarding trailing, etc. Looking forward to some gains! I lowered risk for now…only thing I changed. So you think it’s better to set DD at 100% rather than the default 40%?

    Thanks a bunch!

  • Andre Reply
    May 27, 2015 @ 22:25 pm

    Whats happening to the Forex Flex EA Real2 ForexFBI trades in myfxbook? since OCT 2014 is is almost not moving?

    • Joe Stevens Reply
      May 27, 2015 @ 23:08 pm

      I flat-lined the risk on a VPS, then completely forgot about it as I became extremely busy. I will turn it back up a bit.

      • brierley lowe Reply
        Jun 6, 2015 @ 1:45 am

        Hi Joe can you tell me what settings you were on when your real account was running and what pairs were your testing on

  • Mike Reply
    May 27, 2015 @ 20:08 pm

    JJ, why does your settings say “trailing = 1” instead of false or true? Does it change to that if you select “your own settings” as strategy value?

    • JJ Reply
      May 27, 2015 @ 22:03 pm

      Ahh I dunno but it’s supposed to be ‘off’. I guess 0=on and 1=off according to MT4.

  • David Reply
    May 27, 2015 @ 19:38 pm

    So JJ Do we just enter the set file in the robot settings or what? please Explain?

    • JJ Reply
      May 27, 2015 @ 20:06 pm

      Right click the link and save as. Then when you attach Flex to a chart, on the inputs tab click the Load button and browse to where you just saved that .set file and it will change all the settings accordingly, then click ok.

  • Mike Reply
    May 27, 2015 @ 19:32 pm

    Thank you JJ, NICE!!!

  • Nic80 Reply
    May 27, 2015 @ 18:44 pm

    This is a great ea

  • John Reply
    May 27, 2015 @ 17:12 pm

    FXDD transfered all retail accounts to FXCM.

  • JJ Reply
    May 26, 2015 @ 19:23 pm

    http://i.imgur.com/o0Tid43.jpg

    My results with Flex after 10 days with my secret sauce settings 🙂

    Set file: http://forexfbi.com/settings/FlexEA-Secret-Sauce.set

    I’m trading 22 pairs with this on a $5k account with 1:400 leverage. The main difference here over the default settings is virtual trades set to 7, real trades lowered to 3, and trading a lot more pairs obviously 🙂

    • Julius Reply
      May 26, 2015 @ 19:46 pm

      share your secret setting? looks very interesting

    • David Reply
      May 26, 2015 @ 20:23 pm

      So JJ What is this/These secret sauce settings??

    • Mike Reply
      May 26, 2015 @ 21:05 pm

      Please share your settings!

      • JJ Reply
        May 26, 2015 @ 21:48 pm

        I got Joe to update my original comment and add the set file.

        • Kelm Reply
          May 26, 2015 @ 22:45 pm

          Hi JJ / everyone.
          Your results are a breath of fresh air to my mind. Quick summary I opened a $10k DEMO Acc. 20150429 with GCMFX. Trading DEFAULT only on AUD,EUR, GBPUSD – USDCHF & JPY Also (and clearly this is my mistake) XAUUSD.
          Results today are that the account has been stopped out 6 times and there is at the moment an Equity of $4583 Profit/Loss = $2560. There have been 260 trades in this time roughly (uncounted) Account History shows 30% of all trades are losses. Remember at this point, all pairs are trading the DEFAULT strategy only.
          In conclusion, Flex doesn’t trade all pairs!!
          I’ve been using EA’s since I first purchased FAPTurbo years ago. This isn’t something new or strange to me. I do see Flex as up there with the best & I will continue to take in great results like from JJ today & will succeed one day!
          Be carefull & trade well.
          Kelm.

          • Joe Stevens
            May 28, 2015 @ 22:47 pm

            I assume you’re using the default risk and stop out percentage of 40% as well? I personally don’t like the 40% stopout and prefer to just risk it all in true grid fashion. The 40% stop and running anything medium risk or higher gives Flex very little room for error. Just withdraw profits every double up or so, any account wipe should just be considered like a losing trade. If done right you should have more double ups than account wipes.

            You can also go the route of letting the account grow and grow. The bigger the balance the longer it can last through big swings. But this ends up resembling stock trading, the question becomes when do you get out with your profits before it’s too late?

    • harsh Reply
      Jan 22, 2017 @ 6:02 am

      hello sir ,
      you setting seems good, can you tell me , what setting should be used for
      1000 usd account

  • Ben Reply
    May 22, 2015 @ 23:37 pm

    I’m trying to clarify exactly how DD_StopLossPct functions. For example, if I have set DD_StopLossPct to 20%, does that mean that the maximum possible drawdown for that chart is 20% before it automatically closes all the trades for that chart only? If there are other charts they have their own settings so their trades are not affected, right? If you can clarify how that works I would really appreciate it.

    • Joe Stevens Reply
      May 24, 2015 @ 1:55 am

      If you set DD_StopsLossPct to 20 on GBPUSD, all your GBPUSD trades from Flex will close if their drawdown reaches -20% of your account balance(you can change this to equity in the settings). Trades from Flex on other pairs won’t be touched. I’m told a setting will be added in the next update to select if you want it to close all Flex trades, or just that specific pairs trades.

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