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Forex-Flex-EA-4.91 with good result EURUSD

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jaffa

New Member
Hi,
I tested forex flex on the EURUSD with good back test result. Have you any good advice with this ea?
Thank you
 

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Hi,
I tested forex flex on the EURUSD with good back test result. Have you any good advice with this ea?
Thank you
Hello jaffa,
I am new here with a free membership.
I have spent many hours with backtesting this EA.
It brings very good results. The only problem is the DD of 35%. When it comes you loose 35 % of your account.
So for me the prior thing to do with the settings, is to reduce the percentage as much as possible. So i was testing a lot and could reduce the DD ton23% till now,
and i think it could be reduced more. I made a study on some pairs over 3 years to see wich pair had the less number of DDs with certain settings.
The most DDs come during high impact news. Therefor it is crucial to use the news indicator. Just dont trade during the news(only high impact).
However, some DDs are inevitab!e. So if you need setfiles i could post some for testing, as soon i am on my PC.
 
Hello Jaffa ,


in my opinion the EUR USD pair doesn't match this EA as well as other pairs. I also did some backtests for this pair to find out the probability of DD and the frequency of DD was higher than for other pairs. Attached is a screenshot of the study
-Leverage 1: 400 and also depending on the broker

-agressive setting -DON'T trade during news impacts, most DDs happen there
-strategy default, changes in the parameters as on screenshot
- the DD can probably be improved to get a lower DD number

forexforum jaffa.png
Have fun !!:)
 
Have you any idea how increase start lot to 0.04?
Thank you
Hello if you still need assistance,
1.increase or decrease the risk value even in steps of 0.1 points, till you get the right lotsize-depending on the ammount you are starting on your account for backtesting fitst!!
2.after that ajust the lot size for the second trade, ajusting the Lot Multiplier. I use a value of about 2
3.when using MaxBuy and MaxSell trades value of 3(i personally use no more the 3...) then ajust the LotStepMultiplier, so that the size of the 3.rd trade covers a little
the 1.st and the 2.nd lotsize together. For example 1st trade 0.1 lot, 2.nd trade 0.2 lot and 3rd trade 0.35 to 0.4 lot.be care full, depending on the leverage in your accunt,
you could get the message not enugh. money or the broker will close your trades, because the 3x trades are running at the same time.
Also make some backtesting first and run it first on demo. Use a news indicator if it works. I f you get a drawdown than go to forexfactory calender an check if there was a high impact news:)
Hope could help
 
I am a free member, thank for sharing, it seems a good ea, i hope i have it some day
Hello kobistop,
here is the version i have downloaded.
i used it on demo. I haven't tried it on real account yet. it's an unlimited version. The news indicator does not work.....
About the settings; please read my other posts, how you should make your backtesting
Stay green !!:)
 

Attachments

  • FlexNewsIndicator.ex4
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  • Forex-Flex-EA-4.91.ex4
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  • Presets.zip
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Last edited by a moderator:
Has anyone used this EA on the AUDUSD pair? Starting a backtest of this one shortly myself
Hello,
It also works on AUD USD but you have to make some backtesting over a period of 2-3 jears, to see how many drawdowns you get.
I wil post a setfile later, when i get to my PC. By the way...the EA, ex.4 file flex 4.91 i have posted here, is realy working also on life accounts.;)
Started yesterday with a small ammount. Use a news indicator when trading, for example davinci indicator
 
GBP USD,GBP NZD , GBPJPY work good, but you have to make a lot of backtests!! and optimize the setfiles for the pair you want. I have made tests over 2 month to understand how the ea works.....and to minimize the drawdown as much you can, or even reduce the risk further:)
 
GBP USD,GBP NZD , GBPJPY work good, but you have to make a lot of backtests!! and optimize the setfiles for the pair you want. I have made tests over 2 month to understand how the ea works.....and to minimize the drawdown as much you can, or even reduce the risk further:)
hi,
thank you for your advice. What is your best .set for now?
 
Flex EA 4.91
I need to explain and clarify a few things about this EA here:
- this EA is one of the best out there in my opinion. It is one of the few that contain multiple EAs !! I didn't count them all and also the combinations, but there are definitely more than 10 !!!
- I CANNOT confirm what rumors are spread in some forums because of reading the history. What I was able to observe during the very, very many back tests was that when the EA is in "trend mode", for example, the message "Timeframe must be lower then D1" appears on the chart. There is probably an indicator that checks on a higher timeframe the main direction before opening a trade in a lower timeframe !! and that is absolutely remarkable !!!!!! this is one of the best strategies to always open a trade in direction of the main trend.
So he reads the higher timeframe, so what ?! that's great !!
I also know that it is not that easy to add a higher timeframe to an EA when it is running on a smaller timeframe
-I also cannot confirm reading the forward history during backtesting for the following reason:
Through many back tests - also visually - I was able to observe (depending on the parameters and settings) that the EA lets some of the trades run for up to 10 days at certain times before it is closed in profit. It took the EA 10 days for this trade to reach the price level and TP for closing the trade. So if the EA were to read the "forward history" during backtesting, then such long-lasting trades would NOT occur on a smaller timeframe! !! That is the proof that he doesn’t read any history while backtesting to make the graphics more nicer ...

And in 2 months I have only been able to test two strategies, ONLY parts of them !!!! That's how extensive this ÉA is. Do you want stochastic-no problem, RSI no problem either, TDI no problem, EMA no issue and so on .... If such an EA is too complicated for a trader, keep your hands off it.
The best way to get a perfect setfiles is to take a standard setfile and test it with umpteen different settings until you understand how the EA works and then find the right setfiles

I could only admire such a coderOk handOk handOk handOk handOk handclapping handsclapping handsclapping hands

here are some setfiles. Please keep in mind that they
are quite aggressive.
- leverage 1: 400 also depends on your broker
always test, optimize and then run on a demo account first
- reduce the risk, then the drawdown will also be lower and then backtest again

have fun:)
 

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  • Forex Flex EA GBP CAD H1 risk 0.8 .set
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  • Forex Flex EA GBP JBY H1 risk 0.8 .set
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Flex EA 4.91
I need to explain and clarify a few things about this EA here:
- this EA is one of the best out there in my opinion. It is one of the few that contain multiple EAs !! I didn't count them all and also the combinations, but there are definitely more than 10 !!!
- I CANNOT confirm what rumors are spread in some forums because of reading the history. What I was able to observe during the very, very many back tests was that when the EA is in "trend mode", for example, the message "Timeframe must be lower then D1" appears on the chart. There is probably an indicator that checks on a higher timeframe the main direction before opening a trade in a lower timeframe !! and that is absolutely remarkable !!!!!! this is one of the best strategies to always open a trade in direction of the main trend.
So he reads the higher timeframe, so what ?! that's great !!
I also know that it is not that easy to add a higher timeframe to an EA when it is running on a smaller timeframe
-I also cannot confirm reading the forward history during backtesting for the following reason:
Mnohými spätnými testami – aj vizuálne – som mal možnosť (v závislosti od parametrov a nastavení) pozorovať, že EA necháva niektoré obchody v určitých časoch bežať až 10 dní, kým sa ziskovo uzavrie. EA trvalo 10 dní, kým tento obchod dosiahol cenovú hladinu a TP na uzavretie obchodu. Ak by teda EA čítalo „doprednú históriu“ počas spätného testovania, potom by sa takéto dlhotrvajúce obchody NEDOKAZOVALI v kratšom časovom rámci! !! To je dôkaz, že pri spätnom testovaní nečíta žiadnu históriu, aby bola grafika krajšia...

A za 2 mesiace som mohol otestovať len dve stratégie, LEN ich časti !!!! Tak rozsiahla je táto ÉA. Chcete stochastic-no problem, RSI bez problemu tiez, TDI bez problemu, EMA bez problemu a pod.... Ak je takyto EA pre obchodnika prilis komplikovane, ruky prec.
Najlepší spôsob, ako získať perfektné setfile, je vziať štandardný setfile a otestovať ho s množstvom rôznych nastavení, kým nepochopíte, ako EA funguje, a potom nenájdete tie správne setfile.


Takého kódera som mohol len obdivovaťOk rukaOk rukaOk rukaOk rukaOk rukatlieskanie rukamitlieskanie rukamitlieskanie rukami

tu je niekoľko setfilov. Prosím, majte na pamäti, že oni
sú dosť agresívne.
- páka 1: 400 závisí aj od vášho brokera
vždy najprv otestujte, optimalizujte a potom spustite na demo účte
- znížiť riziko, potom bude aj čerpanie nižšie a potom znova otestovať

bavte sa:)
Thank you , what do you think about this set?
 

Attachments

  • RSIx3 Scalper M15.set
    4.5 KB · Views: 14
Hello trader,
thanks for the comments and inquiries.
-Unfortunately, you will not be able to avoid doing very extensive tests yourself to find good set files. The results depend on:
strategy, level of risk setting, timeframe, leverage/ broker and desired pairs. And when you have roughly found these values, then you have to start with the "fine adjustment"
And all of this backtesting a period of 2-3 years to see whether your settings can survive different market situations


and don't try to get stuck on only one forex pair like EUR USD. Choose the pair and timeframe that works best with this EA !!
We all want to trade successfully, don't we?


- In order to understand the EA or any other EA, you have to change the values of the individual parameters and watch what happens. Also do visual back tests to see where the EA places the trades and where it will place them later if you change the PIPstep or anything else !! With a little knowledge of forex indicators in general, you will understand what is probably going on in the EA ... at least you can see what the EA does differently.
-write down your observations on a page of text and / or correct them during your tests, if necessary; because much is lost and forgotten in the multitude of different observations.
Get an Excel or other table in which you record the results of your tests so that you can compare them later.!!
And this is the only way to find the best settings for the best set files.

I cannot comment on the set files above,
as I simply don't have the time to test them extensively. I ask for understanding.
I think it's better to find the best settings yourself, because you can quickly turn the right screws "just in case"

I have only now after 2 months! started to find better settings for only 2x strategies !! And only now does it start to get interesting when you combine the different strategies / indicators of the EA ...

We should always remember: Highly trained and qualified professionals with many years of experience act in this market.
Never underestimate these people!
 
hi,
i tested on GBPUSD its seems give good result.
Hello,
yes, it doesn't look bad, but watch out for the drawdowns and don't underestimate them! if they come, it will wear you down. So try to reduce the risk until almost no DD occurs and the relative DD that is displayed in the tester is very low; optimize and test the other parameters in between
Good luck
 
Flex EA 4.91
I need to explain and clarify a few things about this EA here:
- this EA is one of the best out there in my opinion. It is one of the few that contain multiple EAs !! I didn't count them all and also the combinations, but there are definitely more than 10 !!!
- I CANNOT confirm what rumors are spread in some forums because of reading the history. What I was able to observe during the very, very many back tests was that when the EA is in "trend mode", for example, the message "Timeframe must be lower then D1" appears on the chart. There is probably an indicator that checks on a higher timeframe the main direction before opening a trade in a lower timeframe !! and that is absolutely remarkable !!!!!! this is one of the best strategies to always open a trade in direction of the main trend.
So he reads the higher timeframe, so what ?! that's great !!
I also know that it is not that easy to add a higher timeframe to an EA when it is running on a smaller timeframe
-I also cannot confirm reading the forward history during backtesting for the following reason:
Through many back tests - also visually - I was able to observe (depending on the parameters and settings) that the EA lets some of the trades run for up to 10 days at certain times before it is closed in profit. It took the EA 10 days for this trade to reach the price level and TP for closing the trade. So if the EA were to read the "forward history" during backtesting, then such long-lasting trades would NOT occur on a smaller timeframe! !! That is the proof that he doesn’t read any history while backtesting to make the graphics more nicer ...

And in 2 months I have only been able to test two strategies, ONLY parts of them !!!! That's how extensive this ÉA is. Do you want stochastic-no problem, RSI no problem either, TDI no problem, EMA no issue and so on .... If such an EA is too complicated for a trader, keep your hands off it.
The best way to get a perfect setfiles is to take a standard setfile and test it with umpteen different settings until you understand how the EA works and then find the right setfiles


I could only admire such a coderOk handOk handOk handOk handOk handclapping handsclapping handsclapping hands

here are some setfiles. Please keep in mind that they
are quite aggressive.
- leverage 1: 400 also depends on your broker
always test, optimize and then run on a demo account first
- reduce the risk, then the drawdown will also be lower and then backtest again

have fun:)
Thank you for sharing..;)
 

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