Original website: www.forexflexea.com
Original Price: $495
Content: Expert: Forex-Flex-EA-4.91.ex4 (Unlimited), Indicator: FlexNewsIndicator.ex4, Preset/setfiles, Documents: Settings Guide Version 4.5+ and Change Note, BEST Currency Pairs.
You can use the EA on UNLIMITED number of live and demo accounts.
- NFA And FIFO Compatible
- MT4 Compatible
- Includes Optimized Settings
- Works On Any MT4 Broker
- Avoids Major News
- 12 Selectable Strategies
- Can Trade Any Style
- Money Management Feature
- Supports All Currency Pairs
How It Works
Flex EA uses a newly developed innovative technology involving “virtual trades“. Simply put, Flex will open virtual trades in the background, using them to constantly monitor the market to help determine the absolute perfect entry point, at which point Flex will start opening and managing real trades automatically.
No automated system out there can work long-term without consistently updated settings. Flex features an automatic update system, so you can be sure your copy is always up to date with the latest, best performing settings for the current market conditions. Yet another new innovative feature we’re bringing to the table.
These are all live active trading accounts running right now, click on them to explore their full account history
-Fixed issue with TDI indicator not functioning properly with some setting configurations
-Fixed array out of range error in some backtests
-AddToSL setting added, works the same as AddToTP
-WaitForEndOfBar setting added
-NewMM added option to select to use the default original MM calculation or the new MM calculation, NewMM should be used for gold, silver, anything that isn’t forex!
-WaitForNewDirectionAfterStopout, if your DD_Stoploss PCT is hit by a buy basket, it will not allow another until a sell basket has opened and closed. This helps prevent continuing to open losing baskets against a trend with certain strategies.
-UseNewTrailingStop added, this is a highly sensitive pip based trailing SL that will modify your trades RealStopLoss everytime the price moves further away from your SL. There is no step, it is tick based so as long as price is continuing to move away from your SL it will continue to modify the SL up to break even and then beyond. *NOTE* some brokers may not like the amount this modifies orders!
-Fixed the original TrailingStop to work properly with Buy orders, previously it would not trail as much as it could have if spread/slippage was an issue.
-CustomSupport and CustomResistance added, setting these to anything other than 0.00000 will activate them instead of Flex looking for the S&R itself.
-CheckRSiSlope & RSiSlope added which will look at the slope of the last two bars worth of RSI on the current time frame and see if RSI is increasing or decreasing by the RSiSlope amount for each bar.
-Added LossPCT and ProfitPCT for OnlyCloseAtLoss and OnlyCloseInProfit for the indicator closures so you can set the percentage based on account balance.
-Added CloseBuyAboveRSi and CloseSellBelowRSi settings to add more flexibility instead of using the same RSi values for entries. These are based off whatever timeframe 2
-Added a CloseInProfit on/off toggle for the CloseTradesBeforeMarketClose function
-Added Global_Filters true/false toggle which will make the currency pair filters count ALL open trades across all magic numbers if turned on.
-Added CloseAbovePCT true/false toggle for the CloseBasketBeforeNews function so you can decide whether or not to close only profitable baskets before news.
-Added UseCandleStickPattern true/false toggle which is the first implementation of detecting bull/bear pins and hammers. You will see a whole new section of settings for this just before the indicator closure settings. There you can fine tune the exact type of candles you want to look for.
-Adjust SR indicator to be based of body open/close instead of wick high/low
-Fixed some issues with session filters
-Fixed some issues with EquityTrail closing trades too early
-Fixed DynamicEQTP to work with allCharts
-Fixed CloseTradesBeforeMarketClose to work with the set Ending Trade Day for those setting it earlier than Friday.
-Fixed the on/off button to not allow additional trades in a basket if turned off.
-Adjusted the trade closure algorithm to slow it down to better account for errors like trade context busy
-FlexNewsIndicator updated to v0.91 which fixes the url change at forexfactory.com calendar.
-Fixed a bug where the stop out pause was still being triggered when trades were closing in profit
-Added BBands indicator which will buy when price falls below the lower band and sell above the upper band. It will also prevent buying above the upper band and selling below the lower band.
-Added CloseBBands which will close buys when price goes above upper band and close sells when price goes below lower band
-Fixed a bug with EQTP1 not always working properly
-Fixed CloseEverything to work properly, it must also have DD_SL_Mode or DD_TP_Mode or both set to allCharts depending what you want.
-PauseBasketAtNews added, this will prevent additional trades in a basket from opening if you have one open going into a news event. It will be paused for the duration of your PauseBefore and PauseAfter news minutes.
-Fixed TrendPipStep not being able to be changed from 21
-Fixed a bug where the stop out pause was being triggered when trades were closing in profit
-Switched back to the original MM formula of ((Balance*Leverage)/lot_size)*(Risk/100)) to keep lot sizes consistent across all pairs.
-Added UseDynamicEQTP which will toggle on/off this feature that creates a dynamic EquityTrailTP based on total lots opened using this formula ( TotalLots/AccountBalance()*(10000*DynamicEQTPMulti); ). This feature will work with DD_TP_Mode so it can look at all trades across all charts if you want it to.
-DynamicEQTPMulti this is the multiplier used
-Added UseBBands which uses the Bollinger Bands indicator to prevent buying when price is above the upper and only allow buying when price is below the lower band. The opposite for sells.
-Added OnlyCloseInProfit which is to be used with the IndicatorClosures
-Fixed EMACross to trade at all crosses instead of some.
-Adjusted WaitForNextBar slightly to improve its efficiency
-Adjust LotStepMultiplier to use the following formula ( last_lot*((LotMultiplier+((LotStepMultiplier-1)*NumOfTradesOpenInBasket) ). A good range for this is usually something low between 1.05 to 1.20.
-Improved backtesting speed and lowered memory/cpu usage
-Changed CloseRSi to close buys when RSi is higher than SellAboveRSi and close sells when price is below BuyBelowRSI
-CloseEMA adjusted to close buys when price is below EMA2 and close sells when price is above EMA2
-Lots of other minor adjustments and bug fixes littered throughout, too much to list!
-Fixed a bug with the new AddToTP feature that wasn’t working beyond 3 trades deep.
-Added support for Indices, metals, crypto etc… I haven’t done a ton of testing with this so please use on demo and backtests only until you’re confident it’s working properly on whatever you’re trading. By support I mean properly calculated lot sizes and appropriate pip multipliers.
-Because of the above support, I have altered how the MM calculates lot sizes.
Old way: ((Balance*Leverage)/lot_size)*(Risk/100))
New way: (Risk/100)*AccountBalance/Margin
-AddToTP setting added which will progressively increase the RealTakeProfit amount in pips by this amount depending how many trades are open in the basket. If set to 2, it will increase your RealTakeProfit by +2 after one trade, then another +2 at the next trade and so on. You can also set this to a negative number.
-UseEMACross addedd so you can trade a specific EMA crosses instead of using a hack around method via the TDI
-CheckRSiSlope added which will check to see if the RSi has started moving back in favor of the direction we want to trade. If it wants to buy at a low over sold level below 30, but RSi is still dropping on that timeframe, it will wait for it to have an uptick before entering. This uses the RSiTimeframe3 to check the slope, so it’s usually best to set this to your lowest timeframe of the 3. UseRSix3 does not need to be on for this to work.
-Added option to change the RSix3 timeframes
-Added a simple volume indicator when turned on, it won’t allow trades unless volume over the current and previous 2 closed bars.
-Fixed a bug where strategies like DE Halfgrid 3% that uses DD_TP_Mode of allCharts was having new trades closed as soon as they hit any kind of small profit shortly after a previously larger basket was closed.
-You can now set news impact to 2 which will avoid all medium and high impact news instead of always high impact only.