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:
Update 31 July 2020: Forex Flex
Update 11 August 2020: Same Bot, New Strategy
Update 29 November 2020: A Working Strategy Finally?
In my last post, I wrote about how decent the default setting was looking to be but unfortunately it did not survive the big rally from EURUSD on Wednesday.
Results (30 November – 2 December 2020):
Forget about the profits made on Monday and Tuesday, on Wednesday the EA failed to cope with the big long rally of the EURUSD. This setting is therefore unsafe and unprofitable in the long run because there are many rallies such as this (albeit not as big) and if the setting cannot cope with this, then it is definitely unsafe for usage. On the only positive note, at least it had a stop loss (hidden) and not blow the entire account like some EAs would.
I will continue to look out for other strategies…or even tweak my own with the many flexible settings available (hence the name I suppose). Those with this EA and have a profitable strategy, do share if you don’t mind!
Till then, cheers!
