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Forex Flex EA Acct4 (By ForexFBI )

Gain : +11426.09%
Drawdown 50.07%
Pips: 2460.9
Trades 780
Won:
Lost:
Type: Demo
Leverage: 1:500
Trading: Unknown

Forex Flex EA Acct4 Discussion

MikeGC
Jan 30 2016 at 19:25
20 posts
Gentlemen, this EA has been trading verified since Oct 2013. It shows a 50% draw-down which can be changed with a setting. It has a win rate of 65% and win/loss ratio of 1.4. This produces a mathematical expectancy of 0.56 which is good, bordering on one of the best I have found. The the account has compounded at 200% pa. if my calculations are correct ($3000 to $326,000 in 2.33 years. Check that with any other EA before you condemn this one.
Only do, or don't. There is no try.
FXtrader2010
Jan 30 2016 at 19:25
724 posts
The halfgrid is the only strategy that works with this EA.
successwill
Jan 31 2016 at 08:53
247 posts
i am thinking default is best strat but i need to test more and compare default and flexhybrid by making small changes to settings.
Also i think default is safer than halfgrid FXtrader2010
successwill
Jan 31 2016 at 08:53
247 posts
upleitrim posted:
successwill posted:
Rob, what was your settings? if you changed something it may happen... A bit mathematics is needed to make a change to the settings.

hi success
I see x3retrace-real-account is no longer there it has been close was keeping close eye on it this week it had big drawdown now its gone I'm beginning to hear warning bells!

As far as i know x3retrace was stopped long time ago..
Rob Scelfo (Dionysus231)
Jan 31 2016 at 19:46
67 posts
I was using default on 7 recommended pairs with a risk of .1 for an 8500$ account usd. I don't care what you say about settings being wrong. This ea simply has Very bad FUNDAMENTALS. You don't double down when trades go against you. You don't open 5-6 trades when one goes against you. You don't risk 35% or more of your account on a single trade with no stoploss. You guys have to be out of your minds with this ea. It's no wonder they keep blowing accounts and starting new ones. It's only a matter of time. Enough said.
You could do 200%+ compounded returns yourself with risking one percent per trade over 300 trades with a 60% Win rate and a 1:2 risk to reward ratio. But instead you want a software to do it for you that has no stoploss risks 35% of your account per trade over 100s of trades a year throws good money after bad and doubles down on losers. It's insanity to believe you will get the same results that this account did.
Rob Scelfo (Dionysus231)
Jan 31 2016 at 19:48
67 posts
I used this ea since Jan 1st. It only took a month to wipe out 35%. Even on back tests it's very hard to get this ea to be profitable over a long period it was silly of me to even run it live.
FXtrader2010
Feb 01 2016 at 07:58
724 posts
noo default is just as bad or worse than others. I have tested all of them. I use the full grid for some time and make an extra 500$ /month with .01 lot start on random pairs.
MikeGC
Feb 01 2016 at 08:14
20 posts
Hi Rob,

Thanks for your comments. I respect your experience and advice.

Just a couple of observations:

a. This account isn't being run by the authors, but by forexfbi.
b. We don't know what settings they are using.
c. The drawdown can be set at whatever you like, eg.10%
d. It can apply to one chart or all charts.
e. The demo account is running at 500:1.
f. Yes, this account seems to be using the default settings, but there are a number of different strategies suggested - I am trialing TrendChaser with a few adjustments.
g. The trial made a lot of money during early January because the market suited the strategy.

I'll find the best settings eventually and send you a copy, but we could always ask forexfbi, as they have trialed a number of strategies with this EA. I don't expect that one strategy will suit all market conditions but a selection could.
Only do, or don't. There is no try.
FXtrader2010
Feb 01 2016 at 08:15
724 posts
Its not the EA that is the problem, its the traders fault. Never the EA.
Lee (leeb77)
Mar 10 2016 at 14:16
39 posts
Which version of the EA is this?
Lee (leeb77)
Mar 10 2016 at 14:17
39 posts
I know its the default settings but is it latest v3.x version? Thanks
CatalaniCD
Mar 26 2016 at 20:54
11 posts
What Strategy did you set? Thanks
Сергей (Serg987)
May 04 2016 at 12:54
13 posts
Which settings and the version here works ??? Because it does not coincide with the transactions on another monitor with the same strategy. There's a huge drawdown on the USDCAD pair, and then the two transactions were closed yesterday with a profit. What is the difference???
Ionone
May 05 2016 at 12:51
9 posts
MikeGC
May 07 2016 at 09:55
20 posts
FXtrader2010 posted:
The halfgrid is the only strategy that works with this EA.

Words of wisdom gained from 5 years experience. Many thanks @FXtrader2010 .

As a result of this comment I have trialed half-grid and am now trading it live. It isn't as spectacular as some but it is steady and has a low DD. But the secret is in the settings, so my suggestion with anyone trading any of the FFEA strategies, is to check the outcome of your settings in a demo account and make sure it is what you expect, before going live.
Only do, or don't. There is no try.
abid6627
Jul 01 2016 at 07:02
1 posts
Hi guys, any one still using this system with consistent profits? please let me know interested.
Ionone
Nov 24 2016 at 15:26
9 posts
I backtested at 99.90% quality on GBPUSD in 'halfgrid' mode : crashed just as the other modes
Issam Kasssas (fxkassas)
Jun 04 2017 at 07:13
1 posts
i went through all the comment lol
the question is :
IF this robot works great under a specific settings that everybody is looking for, SO why the CREATOR does not provide them?
SINCE he made it by his hands, he should know the good and the bad.
Its really confusing SINCE the guys that works good for them are not concerned to check for reviews 😎😎
Some other guys loose and give it up, no second test no reviewing.
i want to see a place where everyone is sharing honestly bad or good.
what i see now is a lot of bad from the guys that lost (and they are the guys that appear all the time after natural feeling of revenge) and some defense from the vendor side (i may be wrong but i smell that the vendor is here lol).
To sum up do not buy unless if you spent at least 15 hours of reviewing, by the end if you convinced investment is all about risk, take the risk to test it yourself, if it work fine, if not you have tried you could be right.
BUT if it works great dont forget to review(remember the guys that works great for them never review lol).
Kbranch Funds (kbranchfunds)
Jul 02 2017 at 06:51
5 posts
Anyone here still using the half-grid settings? Is it still profitable?
Life has got no limitation, except the one in your mind!
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