Update 31 July 2020: Forex Flex

Hey there Painless Traders, if you have not read my first post about the Forex Flex EA, please do so at the following link Review: Is Forex Flex EA a scam?

 

This week saw a lot of crazy news and market movements. How did the Forex Flex EA performed with the current strategy?

If you are thinking ‘the profit looks the same like the last update’, then you are absolutely right. The Forex Flex EA literally did not close any trades, or rather, it couldn’t. The screenshot on the right shoes the open trades which are going into the weekend. Let’s cut the story short: this strategy is definitely useless in this current market.

Note that I said the strategy is useless, not the bot. The current strategy I’m using is only one of out many made available. Of course it would be bold to say that other strategies can outperform this one but at the rate the current one is going, it is not easy to perform worse. I will be changing to another strategy which is more suitable for the current markets and see how it goes. Remember I spent USD 330 for this bot, so hopefully there is a strategy that could potentially bring us to at least this amount.

 

Verdict for current strategy used: Extremely Painful!

 

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Published by Painless Trades

Raw content about making money online, no BS.

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