Forexflexea.com Review Is Flex EA A Scam Or Legit Forex EA

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Forexflexea.com Review: Is Flex EA A Scam Or Legit Forex EA?

Flex EA Review: this is the name of a Forex Expert Advisor that seems to be based in the United States of America. Is forexflexea.com a legit or scam Forex EA?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

Flex EA is said to make use of a “newly developed innovative technology involving virtual trades”. It improves profit by finding “the absolute perfect entry point” to open trades. It is totally in character for Forex service providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

The Forex EA or Forex robot comes with many features that we would be stating in the proceeding section.

How Flex EA Works

The robot opens a “virtual trade” in the background and use them to monitor the market. This will help it determine when it is time to make an entry. It is claimed on the sales page that these entries are absolutely perfect and it starts opening real trades. Constant updates are another feature that the robot comes with.

Flex EA is simple to use, traders just have to attach it to a chart, select the strategy they want from a drop-down list and click ‘OK’. It is said to be useable on any chart but works best on the common currency pairs like GBPUSD, USDCAD, EURUSD, AUDUSD, EUTJPY, and so on. Its precision entry points are due to the use of virtual trades as explained earlier.

The robot is said to be flexible and can be setup to trade any of the strategies used in the market. 12 unique trading strategies are offered to members and some of them are: FlexHybrid, ADRDynamic, Scalper, Shotgun, x3Retrace and much more.

Clients are also invited to build their own strategies by using the inbuilt customizable moving averages, RSI, TDI, Stochastics and more. Functions like hedging, news filter, support, and resistance, reverse mode, equity trailing, and so much more can be adjusted.

Flex EA Pricing Structure

Flex EA – $330
Flex EA x2 – $495

The only difference being that Flex EA does not give 2 live account licenses like Flex EA x2 and does not grant free access to correlated Hedge EA. Both are available at the 67% off price offer that is ongoing.

Clients Feedback

On the page, we found compelling reviews from clients giving them 5/5 stars’ ratings. However, we have found that reviews on pages cannot be trusted, rather we would prefer those on third-party websites. We found some negative reviews about Flex EA and most is about the intentional misinformation given to clients.

Results are shared on the page and are said to come from verified Myfxbook accounts but we have found that some deceptions have been applied. For one, the vendors are accused of deleting histories that show losses and leaving seeming perfect results. Also, it is mentioned that results are from demo accounts instead of live accounts.

We find these claims disturbing, especially because the vendors do not refute them. It would do them a lot of good if they clear the air regarding this so that traders can know what they are getting into.

Support

To contact the customer care representative of this vendor, traders can fill the online message request form.

Conclusion

We find the information presentation well detailed and encouraging. The pricing is affordable considering even the 67% off offer. Our main issues are the negative reviews left unaddressed and the results manipulation accusations.

If these are fixed, then better ratings would be given to Flex EA.

Forexflexea.com Review: Is Flex EA A Scam Or Legit Forex EA?

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.

Live Trading Results
These are all live active trading accounts running right now, click on them to explore their full account history

  • Slow and steady settings
    (click image to explore each trading account)
  • Customer account running custom settings from the members forum
    (click image to explore each trading account)

  • Customer Account Running Default settings
    (click image to explore each trading account)
  • Member account running Default settings
    (click image to explore each trading account)
  • New settings being tested
    (click image to explore each trading account)

Old Customer Accounts
3 New strategies below now available in v2.45
–>

  • This account used the x3Retrace strategy, reached 300% then withdrew all the money :)
  • This account traded the Default strategy, but used 6 max trades instead of 5. Account was tripled in 6 months and then profits withdrawn.
  • Customer account that used the Progressive FlexHybrid. .set file available in member forums.

Correlated Hedge Results
3 New strategies below now available in v2.45
–>

  • User account running Correlated Hedge

Flex EA

  • 1 Live Account License
  • Unlimited Demo Accounts
  • All Strategies/Set Files Included
  • Full Access To Private Forums
  • 67% Off Coupon Code:
    FLEX67OFF

Works best on (GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD, AUDUSD, EURJPY, EURCHF, EURGBP, NZDUSD) but can be traded on virtually any charts. There are a few pairs we recommend avoiding in the setup guide.

Optimized set files , Don’t be overwhelmed by the hundreds of unique settings available in Flex. Our highly optimized set files take the built in strategies a step further so you don’t have to spend your precious time tweaking. Download a .set from your members area, load it into Flex (as simple as clicking File -> Open) and done! Your Flex will now load all the appropriate settings from that .set file. Not only are there highly optimized .set files from our team, but also some very strong performers shared by many forum members with lots of discussion and help provided.

Community The only EA on the market that offers an unfiltered community forum for everyone to share, discuss, brainstorm and help each other. No other EA vendor has the confidence to provide such a valuable tool to it’s customers.

Customer Support I put this as a key element of Flex EA because not only am I the developer, I am also the customer support. You will be speaking directly to the person that codes the EA and knows it inside out, not some hired representative that only knows the basics. I read and reply to everyone and many of the features you see in Flex today are customer requested features over the past 7 years.

Precision New market monitoring virtual trade technology brings precision entry points that no indicator can compete with. The default settings will use 6 virtual trades per currency pair to monitor market conditions. Lowering this number will result in less accurate entry points, but higher trading frequency. Raising this number will do the opposite. When the market shifts, this is the one of the main settings we end up changing. If and when that happens, we will send out automatic update notices to everyone so you’re never left behind.

Flexibility Flex EA 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.

  • Key Features
  • Money Management – Adjusts lot sizes based on account balance automatically, even as it grows.
  • News Filter – Avoid any and all high impact news events by ‘xx’ number of minutes. Highly configurable you can either turn it off or avoid news for as many minutes/hours before/after as you want.
  • Equity Trailing TP – One of the core take profit methods of Flex EA. This doesn’t require a physical pip based TP on each trade, instead it follows all trades from each pair in a “basket”, and when one basket reaches a pre-defined percentage, it will trigger this EquityTrailTP to start, locking in half the profit and it will begin trailing it up with the potential of making a lot more than you would imagine, while maintaining the safe guard of never losing once the TP is locked in. This is a very powerful feature that some customers will buy just to manually trade and have this feature alone control their take profits.
  • DD Stoploss – A fail safe, set a percentage of your account balance to close all trades at a certain drawdown percentage in a worst case scenario.
  • Session Filters – Decide if you want to trade 24/5, or avoid certain sessions like Asian, New York, or London.
  • Indicators – EMA crosses, TDI, Support & Resistance, Bollinger Bands, ADR, Stochastic, RSi, Candle sizes, Momentum, and more. All of these indicators can be independently toggled on/off and configured highly.
  • Indicator Closures – Close trades based on indicator configurations, want to close at an EMA cross? No problem. Close when RSi reaches a certain level? and much more!
  • Time filters – Avoid certain times of the day or certain weekdays.
  • Hedging – Turned off by default but available with many configuration options at your finger tips. This is not used by a lot of strategy/set files as not all brokers allow hedging, but it is available in Flex for those who want it.
  • Hide from broker – Don’t want your broker knowing how you trade, use this feature.
  • Currency filters – This will limit your exposure to specific currencies. For example it will limit that max number of USD pairs to be able to trade at the same time to 2 by default, but this can be changed to whatever you want.
  • Much much more – These are just “some” of the key features of Flex EA to give you an idea of what will be at your finger tips behind the scenes here.
  • ANTON, NZ, New Zealand, Aug 25, 2020,
    “i HAVE TRADED WITH THIS EA FOR MONTHS OR SO NOW I AM VERY VERY PLEASED WITH THE RESULT I HAVE EASILY DOUBLED MY ACCOUNT IN 3 MONTHS I HAVE HAD ONLY 2 LOSSES TO SPEAK OF AND ON AVERAGE AT LEAST A 90% WIN RATE RECIPE:LOW RISK SETTINGS ON DEFAULT AND BINGO I TRADE 12 PAIRS AND JUST LET THE EA DO ITS THING STEVE IS AWESOME AND THE PRODUCT SPEAKS FOR ITSELF

    Mar 26, 2020 – 5 Stars steve anton: new zealand this is a very awesome (no ifs or buts) greed is the enemy ie choose safe settings and take your 30% per month and move on awesome steve anton: new zealand “

    Forex Flex EA

    Details

      Currency Pairs: Any Timeframe: Any Price: $330License: 1 live account NFA compliance: yes Refund policy: 30 days Flex EA Website

    Strategy: Comes pre-loaded with 12+ different strategies from retrace, to martingale, to scalping. Best ones are a mix of grid and retrace trading.

    Performance

    Pros & Cons

      30 Day refund policy 12+ Strategies in one Strong long-term performer Pro active vendor Active member forums Forums have lots of private .set files
      Can be risky if you get greedy

    Rating

    Your Rating: User Rating:

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    admin

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    40 Comments

    Switch1

    Anyone care to share any good performing settings? I have an account running RSix3 Candlesize 75 that has done reasonably well since early 2020, even lived through this coronavirus non-sense, but I am always looking to improve and try out some more strategies on some more accounts.

    Sanjey

    I have a few set files I can post, just need to figure out how to get them in here…

    Do you still have these EAs for sale.

    I am interested to buy.

    Randy

    I have the EA loaded up on a demo account on 32 pairs. I’m just trying it out to see how it works.

    It has been running for 3 days and I have virtual trade accuracy of wild amounts. Way above 100% and way below 0%. I.E. +1080% / -2530%

    Is this normal while the virtual trades “warm up”? Is there a setting wrong? I can’t seem to find anything in the documentation.

    Luciphar0

    New settings in forum are fantastic, love this ea.

    Joe88

    Which settings are you using if you don’t mind me asking?

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    Luciphar0

    Sorry for late reply, I am using RSIx3 Scalper D Stoch v3 EURUSD M30.set from this forum thread https://forexflexea.com/forum/Thread-RSix3-Scalper-v2-and-beyond running it only on EURUSD.

    PontyT4

    These are doing well for me too, great .set file.

    Alshamali

    Are u still using it ? Is it profitable until now ?

    Luciphar0

    Yup still chugging a long nicely, I’m using low risk and only trading EURUSD, USDCHF

    Troyo

    could you pls tell me your avg return per month on RSIx3 Scalper with EURUSD..
    Are you also using it on USDCHF .

    Joe88

    Been using the new stoch D scalper set file on EURUSD, its been doing flawless. Great work some Steve, hes always got something cooking.

    Chris Roubis

    I do love this EA. I have been very impressed with its performance. Keep up the good work.

    Charlie

    Been doing well with this since late April, only had one major loss but the profits have far outweighed that overall. I use the custom tdi set file on v4.65. Curious what everyone else uses?

    Teddy

    I use Progressive FlexHybrid with decent results

    Two EAs for resale at a discounted price for a LIMITED time !. I just do not have enough time for FOREX trading.

    FlexEA ( more than 12 strategies) – website: http://www.forexflexea.com/
    (Ask price: 200 USD – original price: 333 USD)

    RouletteTrader EAs (more than 7 EAs) – webiste: http://roulettetrader.com/trading-products
    (Ask price: 145 USD – original price: 300 USD)

    if you will buy the two EAs I will reduce the price again. Hurry-up!

    They have both monitoring signals, please check their websites. if you are interested, please reply to this email.

    Jeferson Bulgarelli Guerreiro

    Hi.. Im like this.. Contact me to define payment. [email protected] Regards!

    Hi Sam,
    Do you still have flexEA for sale ?

    i bought a flexv4.65 but no trades. does it need a registration to their website?

    Yorick1

    Anyone using 3.37 live yet? Been having a lot of success with 3.26 so I haven’t rushed to update yet but it does have some cool new features I want to use.

    admin

    Yes I have many live accounts now running 3.37 working perfectly fine.

    golathmim

    Hi Admin,
    I’ve bought this EA but I’m baffled as to which strategy and settings to use.

    Can you shed some light pleasssse.
    Thanks

    James

    Are people still having success with this? Been a long time lurker lookin to maybe pull the trigger finally.

    Ya been using it for awhile now with consistent results. I’ve taken a very conservative approach with 0.1 risk on just 6 pairs which nets me about 5-10% per month with low DD. This is with the BigDefault strategy by the way.

    Reidman

    Started 2 months ago with FlexHybrid on 10 pairs with $100 on a micro account. Now at $168 with only 8% drawdown. Some people are looking to double accounts every couple weeks and end up blowing them, not me. 30% per month is more than enough with a low DD.

    Are you using default settings? What broker and what is the leverage you are using? Thanks in advance.

    Noel Nobleza

    Yes,,I am using Default settings in Forex Flex 3.60, my broker is Pepperstone Razor Account with a leverage of 1:100.

    Manasvi Sriram

    Hi Reidman, can you kindly help me with your settings? Is this Robot compatible with Tradeo?

    Noel Nobleza

    I use Trendsurfer as a strategy I lost around $80 on 21 Jan 2020, but I am still up by 9% profit from my initial investment.

    Any suggestions what is the best strategy? So far Forex flex is the most reliable robot out there.

    Daniel

    Hi Noel, did you get sst file strategy from seller after you buy or everything by default?
    How it’s work now? Performing ok so far?,

    ilios ellas

    Have been using this EA, in profit for two weeks; still nervous about it, since all of the myfxbook examples you post, are not verified by myfxbook. Can you point to ANY real account(s) verified by myfxbook (trading privileges and track record)?

    Chris

    Performing well in the month of October, satisfied customer here.

    ttuni

    With a hedging technique, it could fully reverse the adverse effects of
    the trade.

    August was a great first month for me with Flex. Did +21% and survived the Aug 24th crash.

    Only changed settings are
    VirtualTrades 10
    Trailing mode on

    Trading 10 pairs with 0.2 risk

    Do you still use the same settings? How is it going?

    Anyone have any experience with this? What strategies are you using?

    Pstock

    Yup, OOTB settings are doing just fine for me.

    Teddy

    Long time user of this EA, brilliant product and a must of for any trader. Not only is it an automated trader, it’s highly effective for generating signals if you want to manual trade instead.

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