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An Expert Advisor also known as Forex EA or a Forex Robot is an autonomous computer program designed to automate your trading and free you from having to continuously monitor the market.

The Expert Advisor automatically analysis the market, calculates the strategy and places orders. Expert advisors are able to communicate directly to the broker via the MetaTrader platform and can manage all aspects of the trading process such as entering positions, managing risk and adjusting stops.

Since forex expert advisors are made up sophisticated algorithms they are also able to trade with a higher degree of accuracy and speed than a human trader. Here is a list of improvements: There are important improvements such as: Find the latest high-quality forex tradng systems, developed by our company in the list below. In this article, we are going to count the most essential steps that you must follow in order to guarantee that Read more Advantages of automated forex trading In this article we will count what are the advantages of automated trading using Expert Advisors EA , so called Read more How to use News Filter in Volatility Factor 2.

Some forex traders prefer to stop trading during High Impact News and Events. The reason is that during such News Read more Disclaimer U. Government Required Disclaimer — Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. However, your initial basket in that time is still collecting DD. In addition if the market turns and moves against your hedge, there you will add additional DD depending on lot multiplier for hedge.

When I add the Ea to a chart and click ok, it says: Running this EA for several weeks now and all goes well except that I have to figure out some way to prevent stop loss by major events like the GBP flash crash from last week. Also occasionally stop loss is hit due to trending. I use demo accounts of or USD with 0. One other problem is in the updates of flex. I got warnings from MT4 when v3. Will the open trades be taken over by Flex 4. In general there are 2 situations when those extreme movements can happen.

In addition it can be in a way planed such as a Economic news calendar events b unplaned — by market. New news filter in V4. But keep in mind that sometimes even on medium impact news huge movements may occur or speeches may take some more minutes and then take effect on market. In V4 there are next to the news filter much more filters to protect as much as possible. New news filter can be configured in order to close baskets on MinsBeforeNews value of minutes.

But that would affect every time a news event occurs. But this only means all charts where flex is working on with the same magic number — keep that in mind if you user other EA as well. If you use it, flex stops adding more trades to the basket in the loosing direction. In total I would wish some more flexible exit conditions in flex.

As this product is actively developed, I hope we see something like this in the future. I check from time to time the web side.. The trick to not having to setup the charts on each update is to rename the ex4 file. I cut the version off and simply overwrite it on each update. Finally as long as your magic number will not change, flex will trade your open trades. Just be careful that the new parameters are set correctly.

If you want to save you custom settings, save the settings in a set file and merge it afterwards. I made me a. If you load this, only those values will be changed. Steve is very active in adding and coding new features and always replies very quickly when there a questions.

I see they have a binary tab on this website but no good recommended systems for binary options. Is anyone using Forex Flex EA on mt4 platform to trade using binary options?

If so, what recommended strategy is working and what timeframe within a expiry timeframe? Any indicators that you are using? Are people still having success with this?

Been on the fence for a while, curious to know how people are liking it, and if any updates have been released lately? This is the best EA I have used that consistently makes money every week. Started in June with 5K and since made 2. Started with low risk at first and have been increasing it steadily. I have used halfgrid, flexhybrid and default and all were profitable. I am currently experimenting with some of my own custom settings at the moment on my demo account..

I use 20 pairs with max charts 4 with the other settings set to default strategy settings. I sleep very well at night. What is the best number of bars in the SR indicator setting to be used on a Nano acct. Is it best to use it with any other indicator or is that too much restriction on a given pair?

Is it best to use the SR indicator by itself? Hi everyone can you please help, what would be the best broker for this EA? I will really appreciate your help. Hotforex and FXopen are the recommended brokers, but generally any MT4 broker will work. Joe Steve , i am trying to reach to you , could you please send me your email to contact you asap.

One that actually works. Will share the results shortly. All strats on default settings at the moment. Flex takes some time to get going so waiting for a month or two before gradually increasing the risk level. WIll share results end of Sept. Sean I agree with you. So I share what I do in order to find the right strategy. I user the strategy tester in optimization mode and let all settings as default and then switch on testing for the strategy from Default to ADR Dynamic.

I do this for each pair and a timeframe such as 1 year. Once I found the strategy for each pair that is profitable and with a reasonable DD I can use it with default settings or can try optimization of parameters. But be aware, if getting too greedy even flex cannot help.

All strategies are in a way MartiGrids and hence to start with a risk of 0,1 or 0,2 is the key for long-time success. But if you are a bit familiar with back-testing in MT 4 it is pretty easy. Here are the steps..

Choose your desired symbol 5. Set period flex is designed for M15 7. Set Spread for your symbol according to the table in post 15 8. Check Optimization check-box 9. Click Expert Properties button new window opens with 3 tabs On Testing tab set desired Initial Deposit and Optimization parameter..

Click OK button window closes Sorry that image link is dead. Since V4 the recommended time frame is 1H or 4H!! M15 was recommended in previous versions. Refer to the readme file that comes with the latest updates. You can actually still use any timeframe, higher ones are recommended because 4. I boosted the number of bars to and it seems happy with that. They are totally different than the ones mentioned in the documentation. First, I would like to thank all of you for your valuable comments and for sharing your experience with us.

Awaiting for your responses. I plan to share with you the results after a month from now. Bought the flex ea yesterday and trying it on demo. I bought the flex ea yesterday and using it on demo. Just bought the EA. Anyone has any suggestions on the strategy? Hello, did you use the same strategy in the document section of the Flex EA download to get those shotgun high risk results?

If not, what strategy did you use to get the The shotgun account is a vendor account, not mine. It looks like very good ea, I hope it earns me some money. So far major gain in this week and it not even end yet: Very good ea so far!

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Very good ea so far! Is it best to use it with any other indicator or is that too much restriction on a given pair?

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Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then back to the Asian session.

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