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?
You can read previous update here:
I have decided to stop using the current strategy and switch to another one because…
It did not make any trades this week probably due to the deep negative trades that were currently open and there was not much margin to work with. If you hadn’t read my previous post, I mentioned that this strategy is not optimal for the current market so I felt that it was pointless to continue testing it. I headed over to the members forum and looked through some of the better strategies which other members had tested. Loaded them up and all ready to go!
Previous strategy: EMA Far Apart V3 2020
Current strategy: Stoch RSI Close Extreme
Final verdict on EMA Far Apart V3: Very bad. Despite the news filter, it made trades which were going in the opposite direction and went in too deep (33% of initial deposit), without any contingency plan to close those trades and open recovery trades.
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