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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?

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