To use chat, please login.
Back to contacts

Flex EA - TrendSurfer - REAL (by flexea)

Gain: +125.27%
Drawdown: 74.48%
Pips: 6336.3
Trades: 434
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated
jasteoh85
Apr 12 2016 at 06:57
9 posts
sheltongw posted:
The EA has a number of strategies that are pre-designed. But it is very flexible for you to make your own strategies. You can set your own risk, what stop loss and take profit you want, whether you want a trailing stop and what numbers you want for the trailing stop. You can also choose if you want the program to use a percentage of either your account balance or your equity as a stop loss and take profit as well. I picked up the EA while it was on sale for $250. It's make its money back so far and so I'm happy with it. The rest is just bonus.

The strategy that they are still fixing is the Trend Surfer. For some reason the trailing stop doesn't kick in on trail mode. Other than that the EA works great. If you get it, I recommend going conservative until you understand what each of the different options do; such as pip step multiplier and all. I'm still playing around with it to see what customized strategy gets the highest win rate.


Thanks for your sharing. Ya right now some promotion on going. Inside the pack no any guidance to configure the EA for different strategy?

Glenn (sheltongw)
Apr 13 2016 at 06:12
65 posts
Hi jasteo85, everything you need for configuration is on the EA website. It tells you about the different canned strategies that you can select with a click of a button. You can also read up about each setting and how it works and what it does. You can set up everything to your own strategy, or just pick one from the drop down on this EA configuration to choose a strategy that the developer has already tested on his live account (you can see all of these here on myfxbook. Hope this helps!

Sometimes you get the bear; sometimes the bear gets you.
Glenn (sheltongw)
Apr 13 2016 at 06:17
65 posts
New release is out folks! Here's what Steve at Flex EA sent out. Great time to buy this EA if you don't have it already. 😁

Version 3.3 of Flex EA is now available which you can login and download. This is still a BETA version so please test on demo first before taking it live. If you find any bugs please email them to me. Changes are listed below. If you don't know how to replace the .ex4 just follow the steps below. You should have no issues if you have open trades, just make sure to replace the Forex-Flex-EA.ex4 while your MT4 is closed.

    Download a fresh copy of the .zip file from your members page and extract it.
    Open your MT4 and go to File -> Open Data Folder
    Close MT4 terminal while you replace the .ex4
    Go to the MQL4\Experts folder and copy/replace the new Forex-Flex-EA.ex4 there
    Start your MT4 back up and you're good to go!

v3.3 Changes

    Updated chart display to show more settings, and whether or not features like ReverseMode, TrendMode, NewMode etc... are being used or not.
    Many of our On/Off settings have had a third option added called 'SetByStrat'. Using this will mean the internally configured settings for your selected strategy will control that setting. For example: having EquityTrail set to 'SetByStrat' will turn this setting on if you're using TrendSurfer because this strategy uses this feature, but off for any other strategy because of the internally configured strategy settings. If you're not sure whether or not to use some of these settings, just set it to 'SetByStrat'.
    DollarTP: A Take profit based on the dollar amount a basket of trades is in profit. Whether or not it calculates trades from each chart separately or all together depends on if you have the DD_TP_Mode set to thisChart or allCharts.
    EquityTrail A new trailing stop mode based on the floating profit of open trades designed specifically for the TrendSurfer strategy. If this is on and your floating profit hits the EquityTrailTP, then it will be increase +1%, and the EquityTrailSL will be set to -2% less than the current EquityTrailTP. This will keep increasing until your profit comes back down and hits your EquityTrailSL. With a starting EquityTrailTP of 2, once your floating profit reaches 2% of your account balance the EquityTrailTP will be increased to 3, and the EquityTrailSL would be set to 1.
    HideFromBroker: Chose whether or not you want comments in your trades. By default it will show FlexEA and the strategy being used in each trades comments.
    TrendSurfer strategy has been changed slightly to match the settings used in the myfxbook account on our homepage.

For more information, See https://forexflexea.com/membership/page/documentation

PS. If you haven't started back up trading again, it should now be safe to do so.

-Steve

Sometimes you get the bear; sometimes the bear gets you.
Glenn (sheltongw)
Apr 14 2016 at 06:28
65 posts
Here is my set file, I'm running on live account with small balance of $380 currently. Two days running with 1% daily return so far. It's pretty conservative settings for now, and will slowly up the lots as the account grows to try keeping the 1% daily compounding interest, which if it holds, will be fantastic growth to me.


Attachments:


Sometimes you get the bear; sometimes the bear gets you.
Pablo51
Apr 14 2016 at 08:42
91 posts
Hi Glenn,

Thanks for your great contribution!.

One question, when you say you are testing new configurations, are you using backtesting or forward testing via demo.

I am asking because people at flex indicate that backtesting is not reliable.

thanks.

Pablo.

jasteoh85
Apr 14 2016 at 09:53
9 posts
Hi Glenn

Thanks for sharing, however, may i know which pairing do you attached? Newbie, need ask more haha

With daily 1% compounding interest consider very steady return.

Glenn (sheltongw)
Apr 14 2016 at 14:38
65 posts
Hi, I've I've put the EA on the following currency pairs: NZD/JPY, AUD/JPY, EUR/USD, USD/CAD, EUR/GBP, EUR/JPY, USD/JPY, AUD/USD, AUD/NZD, USD/CHF, NZD/USD.

Depending on your account balance, if you are using margin (I have 1:50), you might want to limit the amount of charts that can trade at one time, as well as the max number of buy/sell trades. I'm just using a small account with only $380, so I set mine to only open two charts max, with two buy/sell trades at once. I've set a max DD of 10% of equity (I don't want to get a huge draw-down, but am willing to take a 10% hit if it happens). It's all about personal risk comfort zone. This EA can be a good money maker, but if you set greedy on your risk, just be aware of the rare chance that you might blow up your account if you exceed your margin. Hope this helps ;-)

Sometimes you get the bear; sometimes the bear gets you.
Glenn (sheltongw)
Apr 14 2016 at 14:38
65 posts
Pablo51 posted:
Hi Glenn,

Thanks for your great contribution!.

One question, when you say you are testing new configurations, are you using backtesting or forward testing via demo.

I am asking because people at flex indicate that backtesting is not reliable.

thanks.

Pablo.


Hi Pablo51, I have a live account and a demo account. I run the new setting on the demo first. One of the things Steve (the EA programmer) states is because of the virtual trade feature of the EA, back testing doesn't work well to get you an accurate picture of how it will do. Forward testing (running on demo) is always a good idea. Try to set your demo account balance to be close to what you have in your live account. You will get a better fell for how your risk settings will impact your real account. If it's getting too close to margin call for comfort, then you might want to lower the risk settings a bit. I personally don't want to have my free margin to exceed 50% of my account balance. So if you look at your total lots on the demo, you can take some 'dummy' trades to get with smaller lots, until you reach about 50% (or whatever is comfortable for you) of your total available margin. Hope that helps ;-)

Sometimes you get the bear; sometimes the bear gets you.
Сергей (Serg987)
Apr 15 2016 at 11:43
13 posts
Hello!
This version of the EA settings (TrendSurfer strategy) still trades (to be traded)? Or stop with the last closing unprofitable? :-)

Glenn (sheltongw)
Apr 16 2016 at 17:03
65 posts
It will automatically close at the stop loss you set and take profit at the take profit you set. You shouldn't have to manually do this, but you can if you want.

If that's not what you meant, if you can be more specific or share your .set file I can look at your setting and be able to give you more advice. You can also e-mail Steve at support.

This current version of the EA has added a equity take profit, and you can set it to stop loss when you have a certain drawdown by percent of your account balance or equity. You can also set a solid stop loss after a certain number of pips.

Please let me know, I'll help as best I can.

Sometimes you get the bear; sometimes the bear gets you.
Please login to comment.