Flex EA - HalfGrid - Real - FXOpen Diskussion

ohh wow! real accounts!! GREAT!!! Are all the other settings on default (max drawdown etc.)?

I am an existing customer just wanted to know if all the pairs are setup in this this account or only few?

I'm a new customer. Have you guys been showing profits? Good luck and trade safe!

Cameron

What Strategy did you set? Thanks

This is pretty profitable... if you don't get greedy. I just stared a couple weeks ago and my wins are going up steadily. I have been playing around with the settings and did discover that the Trend Surf is still busted. The Trail Mode and Trend Mode don't work together. The Trend Mode is supposed to take multiple trades along a trend, which it does well, but while this mode is on, the Trail Mode which is is supposed to have a trailing stop that follows with your trades to lock them in as it moves along is not functioning with it. I had two trades that went down a trend and things were looking very nice, but when I came back later I discovered that the Stop Loss did not go and that many the last couple trades triggered were losing. The early trade(s) along the trend were still in profit so the loss wasn't total, but it could have been.

However, 'Steve' at customer support is aware of the issue and working on it. He did reply with a day. Of the other strategies I tried, I have found the X3 retrace default to be profitable with high % win trades and am trying out the Flex Hybrid strategy to see how it does right now.


Reply below from Steve

---
Hi,

Yes I'm aware there is an issue with the trailing mode kicking in with the trend mode on. I'm working on a viable fix for it.

Steve
Forex Flex EA Support

On 2016-03-24 20:48, Glenn Shelton wrote:
> Hi I purchased ForexFlex last week, and noticed that one operation doesn't seem to function. I have Trailing Mode on, with Trend Mode on, but the TrendTrailTrigger doesn't seem to initiate protecting previous trades along a trend. Everything else seems to work great and profitable.
>

Hi all, for those of you who are fans of this EA, I heard back from Steve. He will be posting the .set file soon for this trade strategy. More to come. Happy trading. Steve's reply below:

---
Hi,

Ok I will try to get the .set file posted in the members area soon.

Steve
Forex Flex EA Support

On 2016-03-29 21:16, Glenn Shelton wrote:
> Hi, the Flex EA - TrendSurfer listed on Myfxbook.com seems to be doing well with a high win percent. There are two accounts listed with the heading 'Flex EA - TrendSurfer - REAL'. Can you provide me the settings for the one that was opened on 22Feb16?
>
> This one seems to be weathering events really well and several of us would like to copy the setting used? I'm not sure how often messages are checked on the Myfxbook site so though to ask with an e-mail.
>
> Thank you ahead of time!

thanks shelton

Hi all, i plan to subscribe this EA, is it worth it? As i know inside consists few trading strategy, which is the is showing the best result and setting is provided?

Your sharing are much appreciated.

Thanks

Very strange.

I had the EA working normally in one of my real accounts. I disconnected it in order to change the strategy. Later I was totally unable to load it back.

Anyone with similar issues?.

Thanks

All strategy are bound to doom one day and they are basically martingale in this EA

But that day can vary greatly. Pity this went boombust

Martingale can win, depends from config.

depending on risk settings

I agree with Frank.
I have seen Flex wiping out many accounts in the past though the developers claim that this is a Great EA. I have lost 20% of my live account luckily that 35% DD limit was setup.
The only thing you would hear from Steve (developer) is unwarranted events can cause all that. So basically if you are using Flex setup some DD limit and be prepared mentally that it can wipe out the setup DD limit any day and keep minting till then.
Happy trading

Frank, which strategy is not destined to inevitably crash?

If I can delay the crash till past my days, I'll take it.

Many strategies fail, Martingale is renown for failing because people trade it gunning for big % returns. So it's time is limited to a smaller time frame as it can only make a few mistakes before it's gone, as is with any strategy aiming for high yield.


FX Viper doesn't use martingale, yet he does avg in, and has had success for many years and trades more money than any of us ( just a guess) His targets are much smaller than his 'losing trades' another thing people say a lot is RR and it has to be this way or that. Not to mention he often doesn't have a SL many times.


Not backing up this system, just that EA's with lot increments aren't inevitably going to crash, or are just as any other system...

Hi guys. Don't go with default settings unless you are using the same multi-account strategy that Steve uses. Overall he gets more profit because despite some of his accounts going bust, the ones that make money far exceed his losses, in gains. He's using real money accounts too, not demo accounts like many so called 'Grail EAs.'

You need to change your settings to reflect a single account with more conservative risk. If you set up with true Martingale, which Steve recommends not to do, then you will get that same risk that Martingale's have, which is the eventual bust.

I only use a 5% draw-down and take my losses in stride because I get more wins than losses, and set up to follow the wins with the floating equity trail stop losses to maximize the gain potential. Remember that most experts recommend risking no more than 2% of your account balance on a trade. You can regulate through your trades, the maximum number of trades that are allowed at any given time, and how many trades per currency that can be done at a time. You can set pip step, take profit, stop loss etc... So why not do so? This EA is only a Martingale if you choose to set it up as such.

The beauty of this EA is that you have total control of it's settings. You can even just use it as a confidence meter while you manually trade. Set conservative with 100% accuracy, 6 or 8 virtual trades, then look for manual trade opportunities using price action candlestick patterns. You can see the % sell and % buy to help give you a good idea that you can execute a trade with confidence.

whatever you do this EA has every potential to kill your account not joking but I am serious and telling this from my past experience all strategies Steve's have provided so far I have done forward testing on almost every strategy and ran than for 5-7 months. They all looked very promising 2X , 3X , scalper, full grid all are rubbish and the only thing which is still working is half grid with very lower risk but even that can draw huge draw downs once market is unidirection mode. So my advise to all is stay away from this EA thats all

In 99.9% backtests, it sucks as it takes far too much capital risk. With Risk set at 0.2-0.3 on a 500 leverage account it will bust every pair. I use sub 0.1 risk. And tweak the settings per pair. It has been fairly good with EURGBP for me atleast. USDJPY have given me 15%+ drawdowns twice (but I survived). Remember, 1 pip of AUDUSD is not equal to a pip in GBPUSD in movement. GBPJPY will most likely not work even with 12 trades at default settings.

Haven't had much probs with it. I have a 1:50 leverage account since I'm in the USA.