With Forex Flex, you can trade forex using an automated trading system that scans the charts within the MetaTrader platforms for trading signals. Flex EA is an automated forex trading system with MetaTrader 4 and MetaTrader 5. A trade will be executed and managed by the Flex EA when the built-in algorithm finds ftmo ea trading signals. Essentially, it is a hands-off trading robot that requires a quick setup following the instructions, which shouldn’t take more than a few minutes. If you need assistance, Forex Flex customer support is excellent and available 24/7.
Consequently, you will not have to deal with complicated settings since it is ready to use immediately. Load it on your charts and choose your desired risk based on your tolerance. Since you get ftmo ea free Flex EA updates for life, you don’t have to worry about ongoing costs. In addition to constant improvement, the developer is constantly working to improve the software, so updates are always automatic. Forex Flex EA has a forum where members can discuss the software, share settings and ideas, and share results.
The developer is active in the forum and welcomes comments from users. Using the robot, you can avoid trading around major news releases that can lead to high market volatility and unstable trading conditions due to the built-in news filter. There are 12 trading strategies available, all catering to various trading styles. These strategies range from low risk to medium risk to high risk.
Money management features in Flex EA allow you to control how big your positions are, how much you can lose, how much you can take, and how much you can make. Its flexibility, hence the name “flex,” allows it to run on any currency pair, unlike many forex robots centred around just a few currency pairs. Flex EA stands out for its trailing stop feature, which locks in trades once they reach a certain level and trails the remainder to maximize profit potential.
This feature is also applicable to manual trades. You can set the software to automatically close trades based on indicator conditions to protect your account from drawdown should the drawdown reach a certain percentage. The software will close all open positions if your account drawdown reaches a specific percentage.
In addition, the software implements innovative technology with abundant advanced features. It can close all trades when the EMA crosses or the RSI reaches an extreme level. The Flex EA is constantly being updated to ensure that it can remain relevant in today’s market. It has various trading strategies and set files easily customized to suit your style.