You can set your own risk to a level that you feel happy with. As with any trading system, you should never risk more than you can afford to lose. Can you imagine that any person can customize twelve strategies for a successful trading with this EA? The developers don’t provide a list of these strategies so people can not be prepared for what they’ll face. As for a robot that they’ve been selling for years, it would be nice to provide better offers.
There are many forex flex review where people mentioned that they couldn’t be profitable with this system. The system requires much attention to be customized properly. We don’t know if it’s possible to do it by an average trader.
These indicators are obviously used in conjunction with their robot though, so they are quite complex, and not something you will be able to recreate by using the indicator on its own. The creator of the service is a talented coder that goes by the name “Admin Steve” in the Flex member forums. His knowledge of automated software is second to none, as he’s been producing products in this market for over 10 years.
GPS Forex Robot presentation starts with a video and photo of a developer. The backtesting and live results on the website indicate the modeling to be 99% with tick data. I am VERY happy with the Flex EA I will be using it for many years.
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In order to use this forex robot, you will need a trading account with a forex broker and the MetaTrader 4 or MetaTrader 5 platform. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs. I would personally be using an ECN forex broker for tight spreads and plenty of liquidity for reliable execution speeds.
From the details given, we find the drawdown was around 12%. The total net profit and pips are provided without info on the duration of the test, the initial deposit, profit factor value, etc. Forex Flex EA is a fully automated system that supports the MT4 and MT5 terminals.
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As mentioned above, one of the key features of the Forex Flex EA is that it can be setup to trade just about any trading strategy imaginable. All 3 memberships will include all 12 different setting configurations that offer 12 unique trading strategies that you can plug and play at the click of a mouse. Once a forex robot such as the Forex Flex EA finds a trading signal, it will place a trade without the user needing to do anything. The robot can then manage the trade and close it according to the money management settings. The lack of consistency in performance is contrary to the claims of the developer.