FX Flex EA Review: Join in this review as we answer questions such as Is Forex Flex EA Legit? Is FX Felix EA good? Basically we aim to check if buying this EA is worth it? Read through our review to see what experts have to say about the Forex Flex Forex Robot.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
FX Flex EA Review
ForexFlexea.com is not winning any award for its website layout anytime soon. The design of the website, at best, looks average.
Going through the website, we learned that the team behind this EA we couldn’t find any section that handled the identity of the team or its location.
They give these snippets as reasons why traders should use their EA
Session Filters
- Money Management
- News Filter
- Equity Trailing TP
- DD Stoploss
- Indicators
- Indicator Closures
- Time filters
- Hedging
- Hide from broker
- Currency filters
How Forex Flex EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD, AUDUSD, EURJPY, EURCHF, EURGBP, NZDUSD
Forex Flex doesn’t provide an in-depth explanation or insight as to how their strategy works. The sales page claims that the EA uses a newly developed innovative technology involving “virtual trades”. Simply put, Flex will open virtual trades in the background, using them to constantly monitor the market to help determine the absolute perfect entry point, at which point Flex will start opening and managing real trades automatically.
Basically this EA uses Grid, Trend, Hegding strategy.
Forex Flex EA Price
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
After going through all aspects of this EA, we are not satisfied with gaps between what it promises and what it delivers especially when considering the price range.
This EA is on the expensive side, and as such we won’t be recommending the use today as we aren’t sure of its efficiency.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee