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(Req) Forex Flex EA

sym-

Member
It's a stupid grid-martin system, why are you impressed??
I respect your opinion like everybody's opinion. Who trades has his own idea and experience about how to trade and to risk his money.
Some martingale systems aren't so stupid like you are implying, because they gain money trying to mitigate risks.
I don't know THIS particular system so I can't say anything, but a system that gains more than 150% in less than a year has my respect.
I'd like to study it and see if it could be improved.
I think this should be the right approach toward any new EA. :)
... and a question: who it's stupidest, a great scalper (i.e. like this one ) that doesn't gain anymore (because of brokers) or this martin system?

Best regards
 
Thanks sym for your answer. Lorenzo doesn't earn anymore because of the kind of EA (spike-tick scalper) and it's not a stupid system because he cannot earn now, infact if you see, it was a very good conservative system.

For Irfanmalik: i don't think the martingale are stupids, i said this martingale you want is stupid for me. And please stop watching only at profit % or withdrawals because the initial deposit is 160k then is much easier...do you have such sum? Then the daily profit is 0.35% and yes, i need more with a DD of 26% in a martin system!

Watch this . Maybe is a copied version of momods night scalper. Look at the gain%.
And this , or this or again this . There are some accounts, manual and EA. Do you really think this martin/grid is better only because he earned some money with 160k?

Yes i expect more from a martingale, before my account will be wiped out!
 
Thanks sym for your answer. Lorenzo doesn't earn anymore because of the kind of EA (spike-tick scalper) and it's not a stupid system because he cannot earn now, infact if you see, it was a very good conservative system.

For Irfanmalik: i don't think the martingale are stupids, i said this martingale you want is stupid for me. And please stop watching only at profit % or withdrawals because the initial deposit is 160k then is much easier...do you have such sum? Then the daily profit is 0.35% and yes, i need more with a DD of 26% in a martin system!

Watch this . Maybe is a copied version of momods night scalper. Look at the gain%.
And this , or this or again this . There are some accounts, manual and EA. Do you really think this martin/grid is better only because he earned some money with 160k?

Yes i expect more from a martingale, before my account will be wiped out!

dear Alessandromagno
i sent a private message to you
thanks
 

sym-

Member
Thanks sym for your answer. Lorenzo doesn't earn anymore because of the kind of EA (spike-tick scalper) and it's not a stupid system because he cannot earn now, infact if you see, it was a very good conservative system.
I know very well this scalper (I saw his birth and didn't say it's stupid) and at the early stage I tried it myself losing a few money with it. It's not a tick scalper but a countertrend scalper (on spikes). It worked well if used with "honest" brokers. But nowadays honest brokers are very rare.
Problem with scalpers is that brokers can make them fail. And they have plenty of instruments in order to succeed. Yes, in the beginning a good scalper can gain, but as soon as the broker understand it, the game is over.
So the main issue is finding decent and honest brokers, and the task isn't easy.
With martingale systems, brokers can do more or less nothing to make the systems fail. If a system is solid and with a good MM, it will survive for a long time.
160K are not necessary in order to run a martingale EA, and as I told before, I don't know this particular EA and I can't say anything about it. Only it deserves more respect, at least by me.

Don't know why you posted links to manual trades, what's for? Manual trades are another story. Nothing to do with EA's.
Anyway, if you don't feel confortable and think martingale EAs are lethals, don't use them. But there are people who make lot of money with them (believe it or not).

Have a nice day
 

kinitex

New member
It's a stupid grid-martin system, why are you impressed??
If anything its a half grid system, with what looks like very clever entry points. It looks to be capped at 5 max trades for each grid per pair, which is rather low compared to your traditional grid systems.

Also Looking back at the trade history this thing can wait up to 2 weeks to open it's first entry on any given pair, and it always seems to be 1/2 to 2/3's along the way of a strong movement which is exactly what you want.

I tend to agree with Irfanmalik721, it looks very interesting indeed.
 

Mrodri

Member
All the talk about this being a stupid system s just plan stupidity:) Can someone please share Forex Flex EA?
 

wwwfx

Member
If anything its a half grid system, with what looks like very clever entry points. It looks to be capped at 5 max trades for each grid per pair, which is rather low compared to your traditional grid systems.

Also Looking back at the trade history this thing can wait up to 2 weeks to open it's first entry on any given pair, and it always seems to be 1/2 to 2/3's along the way of a strong movement which is exactly what you want.

I tend to agree with Irfanmalik721, it looks very interesting indeed.
Have you seen the E/U trade last November when it took 3 weeks to come out of an nightmarish DD?? Horrible bad entry! Just go to myfxbook browser, chose D1 and EUR/USD..
 

kinitex

New member
Have you seen the E/U trade last November when it took 3 weeks to come out of an nightmarish DD?? Horrible bad entry! Just go to myfxbook browser, chose D1 and EUR/USD..
There's no such thing as a perfect trader. You can nit pick a hundred things wrong with every system out there, it's how you use the positive aspects of it to capitalize on it.
 

wwwfx

Member
There's no such thing as a perfect trader. You can nit pick a hundred things wrong with every system out there, it's how you use the positive aspects of it to capitalize on it.
A marty is a marty is a marty.... there will never be something positive once the black swan hits. Trading w/o SL isn´t positive at all
 

Mrodri

Member
A marty is a marty is a marty.... there will never be something positive once the black swan hits. Trading w/o SL isn´t positive at all
Did you ever stop to think that maybe the EA uses an equity protection of some kind for the stop? Share the EA and then will see what it has to offer:)

You guys talking mad junk without even looking at the site need to rethink things, have a look:
 

wwwfx

Member
Did you ever stop to think that maybe the EA uses an equity protection of some kind for the stop? Share the EA and then will see what it has to offer:)

You guys talking mad junk without even looking at the site need to rethink things, have a look:
I´m 11 years in this business, I´m not naive enough to believe everything I read on such sales pages. Myfxbook tells me a different story..Good luck with your wishfull thinking.
 

Mrodri

Member
I´m 11 years in this business, I´m not naive enough to believe everything I read on such sales pages. Myfxbook tells me a different story..Good luck with your wishfull thinking.
1st) Knowledge is power

2nd) Learn from it for educational reasons

3rd) Who knows what might come of it

Wishful thinking person:)
 

sym-

Member
All the talk about this being a stupid system s just plan stupidity:) Can someone please share Forex Flex EA?
Sharing opinions and knowledge isn't plain stupidity. :)
Forex Flex EA is for MT4 build 600+, no way to decompile it for the moment, no way to use it whether someone share in here as well !!!
 

wmoody

New member
Yes this EA has MQLock on it. It also does have an equity stop option as well as a scalper, and trend option if you choose to use it. I tend to agree that martingale EA's will eventually fail. I have seen a lot of them fail over the last 10 months where this one has not only survived, but has only incurred a 26% equity drawdown in that time. With a 10% monthly gain you would be foolish to at least not keep an eye on this one. Not saying it won't fail, but looks good so far.
 

Mrodri

Member
Yes this EA has MQLock on it. It also does have an equity stop option as well as a scalper, and trend option if you choose to use it. I tend to agree that martingale EA's will eventually fail. I have seen a lot of them fail over the last 10 months where this one has not only survived, but has only incurred a 26% equity drawdown in that time. With a 10% monthly gain you would be foolish to at least not keep an eye on this one. Not saying it won't fail, but looks good so far.
Without an Equity Stop the EA is as good as dead:) At some point in the future the EA will crash unless they keep adding more funds to the account..
 

jojoex

New member
Without an Equity Stop the EA is as good as dead:) At some point in the future the EA will crash unless they keep adding more funds to the account..
It has a DD stoploss based on percent you can set that will close all trades when it's reached. I believe the account OP listed uses 40% for this setting according to the owner.

Also keep in mind that grid is only one trading aspect of this EA. You can set it up to trade virtually any style you want.
 
Well FBI states this is their top EA, and I am wondering exactly why there has been no education version of it placed herein, to test it for further deal.
 
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