Market / MetaTrader 4 / Experts /

Flexible EA

70 USD

Demo downloaded: 865

Published: 26 April 2018

Current version: 7.1

Flexible EA

4.3

Experts
Nicolas Zouein
Version: 7.1
Updated: 1 February 2025
Activations: 5

Flexible EA works by loading your custom indicators into the EA to trigger Buy/Sell signals and TP/SL signals, also it has built-in advanced grid, averaging, trailing, and filtering systems.

Many times it happened that you grabbed a nice indicator and sat watching its beautiful blue and red arrows or dots popping up on your chart indicating buy/sell signals that you only wished if you can backtest this indicator to see it's performance.

Well this happened to all of us and many many times. On top we all wasted money creating EAs just to be able to backtest a heroic indicator which ends up being a total loser.

Here comes Flexible EA, just fill in your custom indicator's name and run a backtest, you can endlessly backtest the 10's or 100's of indicators that you have lying around, you can even auto trade with Flexible EA, it comes loaded with many features.

It is very important to read my blog here to fully understand how Flexible EA works.

Chart TimeFrame: any

Supported Indicator Type: Indicators with buffers that show buy/sell signals as arrow up/down, red/blue dot, histograms, etc.

Features of Flexible EA:

Load your custom indicators into the EA and set which is the Buy/Sell signal buffer.
Either trade single orders or enable the grid trading system to follow up and average your orders.
Average your trades with a basket Take Profit system or enable Trailing for the entire baskets.
Set a minimum distance (pips) between opening same kind trades for grid trading, a distance multiplier to avoid opening many orders.
Built-in Filters: Start/Stop Time filter, advanced MA filter, RSI filter, News filter.

Parameters

General Parameters:

Trade Comment: Your comment here.
Magic Number: 90211

Trading Parameters:

Disallow opposite trade?: False (enable this parameter for FIFO brokers only).
Trade Direction: BothDirections (forces the EA to trade in one direction only or stop trading).
Time Filter: False (allows the EA to open the first trade according to the timer below).
Start Hour: 0 (Time Filter related).
Start Minute: 0 (Time Filter related).
Stop Hour: 0 (Time Filter related).
Stop Minute: 0 (Time Filter related).
Trade on Friday?: Yes.

Indicator Parameters:

Select your signal source: No_Indicator (This is a very important part: Please read the Blog)
Exact name of your Custom_Indicator_A: IndicatorArrows (Please read the Blog).
Custom_Indicator's Timeframe: current (Please read the Blog).
Custom_Indicator's Buy Buffer#: 0 (Please read the Blog).
Custom_Indicator's Sell Buffer#: 1 (Please read the Blog).
Indicator Shift: 1 (recommended 1 for Custom indicators and 2 for the Fractals indicator).

Built-in Filters:

News Filter

Enable News Filter?: No (Enables the News Filter, pauses trading before/after news).
News GMT Offset: -3 (Set the correct GMT Time offset to match the time difference between your broker and the news on chart)
News Symbol Filter: USD,EUR (Comma separated list of the symbols you're interested to see on your chart).
High impact Before/After pause duration (min): 20 (Stops trading before and after a high impact news release)
Medium impact Before/After pause duration (min): 10 (Stops trading before and after a medium impact news release)
Low impact Before/After pause duration (min): 10 (Stops trading before and after a low impact news release)
Update News every? (hour): 4 (Downloads updates for the news)

Note: For news to work properly you need to Allow WebRequest for listed URL: http://news.flexibleea.com (Please read the Blog).

RSI Filter

Enable RSI Filter?: No (Enables the built-in Relative Strength Index Filter).
RSI Period: 14 (RSI Setting)
(Oversold lvl) Allow Buy’s Below: 30 (RSI Setting)
(Overbought lvl) Allow Sells Above: 70 (RSI Setting)
RSI TimeFrame: current (RSI Setting)

MA Filter

Enable MA Filter?: No (Enables the built-in Moving Average Filter)
MA Period: 150 (MA Setting)
MA Method: Exponential (MA Setting)
MA Shift: 0 (MA Setting)
MA Apply to: Close price (MA Setting)
MA Timeframe: current (MA Setting)
Allow Buy’s if price is: Above_MA_Line (Select either Above or Below)
Allow Sell’s if price is: Below_Ma_Line (Select either Below or Above)
Minimum distance from MA line (pips): 20 (Important, Please read the Blog)

Lot Sizing, Take Profit and Stop Loss Parameters:

Lot Sizing Method: FixedLot (This determines the size of the starting trade size to be either a fixed lot size or a risk % based on the balance of the account).
Fixed Lot Size: 0.01 (if FixedLot is selected, here you specify the starting trade lot size).
MoneyManagement Risk Percent: 0.002 (if MoneyManagement is selected here, you specify the percentage of the balance to use for the starting trade lot size).
Select the Basket type: Split_Basket ("Split_Basket: Buy's basket separated from Sell's basket" "Joined_Basket: Buys and Sells baskets both joined into one").
Enable the hidden basket TP?: Yes (You might need to disable it to use other sources for TP)
Hidden Basket TP (pips): 7 (The minimum Take Profit basket of the same kind trades in pips, note that the Buy trades are separated from the Sell trades and this parameter is hidden from the broker).
Enable the hidden basket SL?: No
Hidden Basket SL (pips): 100 (The maximum Stop Loss basket of the same kind trades in pips, note that the Buy trades are separated from the Sell trades and this parameter is hidden from the broker).
Close on opposite signal from Custom_Indicator_A?: No (Blindly closes your trades when opposite signals appear from Custom_Indicator_A)
Enable Trailing?: false (If enabled trails the whole basket of same kind trades, it is suggested to disable "the hidden basket TP" when using trailing).
Trailing Distance (pips): 6 (The distance the price has to move above or below the "Trailing min Profit" before the trailing makes a "Trailing Step" to move the SL)
Trailing Step (pips): 3 (When "Trailing Distance" is reached the "Trailing step" moves the SL xx pips as per it's setting).
Trailing min Profit (pips): 20 (This is the minimum TP in pips that has to be achieved before the Trailing takes over).
Enable Money Profit?: False (Attention: Money Profit monitors/closes all open orders of all symbols of all EA's on all charts).
Profit in money to close ALL open trades: 100.
Use Custom_Indicator_B Signals for TP?: No (You can choose to get your TP signals from a second custom indicator by enabling this function).
Minimum profitable TP pips from Buffer to close: 5 (This is the minimum TP that is required from indi_B before closing a trade).
Exact Name of Custom_Indicator_B for TP: IndicatorArrows (Enter the name exactly as the indicator's name with respect to caps and spaces).
TP Custom_Indicator_B Timeframe: current (Drop down selection to change the indicator's time frame).
Custom_Indicator_B LONG orders TP Buffer#: 0 (The buffer# from where to get the TP closing signal for the long trades).
Custom_Indicator_B SHORT orders TP Buffer#: 1 (Input the buffer# from where to get the TP closing signal for the short trades).
Custom_Indicator_B TP Shift: 1 (Recommended 1).
Use Custom_Indicator_C Signals for SL?: No (Same as above).
Min unprofitable SL pips from Buffer to close: 0 (This is the minimum SL for trades to close).
Maximum unprofitable SL pips from Buffer to close: 100 (This is the maximum SL that is allowed before closing a trade).
Name of Custom_Indicator_C for SL: IndicatorDots (Same as above).
SL Custom_Indicator_C Timeframe: current (Same as above).
Custom_Indicator_C LONG orders SL Buffer#: 5 (Same as above).
Custom_Indicator_C SHORT orders SL Buffer#: 6 (Same as above).
Custom_Indicator_C SL Shift: 1 (Recommended 1).
Allow grid trades?: Yes (Enable or disable the Grid Trading system from here).
Grid opens on Indicator_A signals? : Yes (Allow to open grid trades with signals from custom Indicator_A).
Grid trades Lot Sizing method: Lot_Multiplier (Multiplication or Addition method, Blog)
Lot Multiplier Short: 1.50 (Lot size multiplier for the next Sell grid trade).
Lot Addition Short: 0.02 (Lot size addition for the next Sell grid trade).
Min Trade Distance Short (pips): 5 (minimum positive pips required in price change to open the next Sell trade).
Next_Trade_Distance_Multiplier_Short: 1.0 (Auto increases the "Min Trade Distance Short (pips)" by multiplying it's value. Blog)
Max Short Grid Trades Allowed: 15 (The maximum number allowed of all open Sell trades)
Lot Multiplier Long: 1.50 (Lot size multiplier for the next Buy grid trade).
Lot Addition Long: 0.02 (Lot size addition for the next Buy grid trade).
Min Trade Distance Long (pips): 5 (minimum negative pips required in price change to open the next Buy trade).
Next_Trade_Distance_Multiplier_Long: 1.0 (Auto increases the "Min Trade Distance Long (pips)" by multiplying it's value. Blog)
Max Long Grid Trades Allowed: 15 (The maximum number allowed of all open Buy trades)

Notification Parameters:

Send Push Notifications on DrawDawn?: No (if enabled sends you push notifications on your MetaTrader 4 phone app, this option requires you to have a MetaQuotes ID which you can get for free from your account settings on mql5.com).
DrawDawn Threshold %: 50 (the threshold to trigger a push notification, once the account has a drawdown of -50%, a push notification is sent to you).

Debugging Parameters:

Enable Printing in the Journal?: False (Prints out many details in the Journal, Slows down the backtesting process, disable while backtesting for faster performance).

more...

1139

tonton33 2018.09.15 12:02 #

Its great EA and very stable.and Nicolas support very polite and helpful.

I'mvery satisfied.

2115

Mark Vaines 2018.06.20 16:26 #

So far so good very flexible and improving all the time. Every time this EA is updated it adds a new dimension to trading. Keep it up Nick - awesome tool - if you have a trading idea you might be able to implement it with this EA. I did and at the time of writing had started a signal using parameters from this EA.

https://www.mql5.com/en/signals/440640

TheUnknown 2018.06.13 12:15 #

Great EA! Very stable. Exactly what I was looking for and Nicolas has been very helpful.

The EA gets frequent updates, and new features are added regularly.

Keep up the good work.

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Recovery Manager Pro is a system for recovering drawdowns from other advisors or from manually opened orders. RM Pro has the ability to automatically dynamically adjust. The trader needs to select the risk level and the advisor will work in fully automatic mode. Can work in drawdown recovery mode and standby mode! If another advisor generates a drawdown, RM Pro will disable it, lock the position and start the process of restoring the deposit using partial closures. In its trading, the advisor u

199 USD

The AGERA MT4 is a Fully Automated and Multi-Faceted Open EA for Identifying Vulnerabilities in the Market for GOLD ! Not Grid , Not Martingale , Not " AI" , Not " Neural Network" , Not " Machine Learning" , Not "ChatGPT" , Not Unrealistically Perfect Backtests AGERA Community : www.mql5.com/en/messages/01e0964ee3a9dc01 Vantage Real : https://www.mql5.com/en/signals/2363787 Tickmill Real : https://www.mql5.com/en/signals/2361808 Default Settings for One Сha

245 USD

Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult

999 USD

Trick Device is a short-term scalping system for currency pairs that can make decisions based on an API-based connection to DeepSeek API. IMPORTANT! Contact me after purchase for detailed, comprehensive instructions! Live Signal: CLICK HERE Current price will be increased because I actually pay for the API usage myself. Limited time price: 79 USD Every trade is single shot. Zero grid or martingale. Intelligent, dynamic trailing stop based on daily volatility Recommended Chart: EURUSD, GBPUSD T

79 USD

Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average, ADX, and High/Low Level indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu

299 USD

The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price

1 299 USD

Introducing Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal: Click Here MT5 Versi

799.99 USD

AI Forex Robot - The Future of Automated Trading. AI Forex Robot is powered by a next-generation Artificial Intelligence system based on a hybrid LSTM Transformer neural network, specifically designed for analyzing XAUUSD, EURUSD and BTCUSD price movements on the Forex market. The system analyzes complex market structures, adapts its strategy in real time and makes data-driven decisions with a high level of precision. AI Forex Robot is a modern, fully automated system powered by ar

2 199 USD

GoldPro (MT4) — XAUUSD Expert Advisor with 2 selectable modes: Classic & Scalping GoldPro is an automated trading system for XAUUSD (Gold) built for traders who want structure, clear risk controls and an EA that can work in different market tempos. Inside one EA you can choose how it trades : 1) Classic Mode — calm logic for swings & pullbacks A classic approach focused on reversal / mean-reversion behavior (entries from market “exhaustion” zones) and structured position management. Basket

249 USD

XGen Scalper MT4 - Professional Automated Trading System XGen Scalper is a state-of-the-art Expert Advisor that combines advanced algorithmic structure with proven technical analysis to deliver consistent results across all markets. This powerful trading system operates seamlessly on forex pairs, precious metals such as gold and silver, cryptocurrencies, and commodity indices. Advanced Algorithmic Technology The proprietary wave scanning algorithm processes market data in real time, identify

199.99 USD

HFT Prop Firm EA is also known as Green Man due to its distinctive logo, is an Expert Advisor (EA) crafted specifically for overcoming challenges or evaluations from proprietary trading firms (prop firms) that permit High-Frequency Trading (HFT) strategies. With version 5.8 and above GreenMan HFT Prop Firm EA is plug and play for for almost true HFT prop firm challenges without setfiles with it newly improved automatic features. MT5 version: https://www.mql5.com/en/market/product/117386

200 USD

EA 22 Pairs – MultiPair Averaging + Hedge System (Smart Directional Extended) PROMO LAUNCH — 5 Star Reviewers Wanted! Lifetime 6_Month Price. Limited Quota. Act Fast! Lifetime access only +1 cent from the 6-month price — secure permanent ownership at an unbeatable introductory rate before it reverts to full lifetime value! Version: Perfected Interactive UI - MT4 (Patched) Developer: CyberBot Project P R E P A R A T II O N Is Trading Just Another Form of Gambling? At it

350.01 USD

Vortex Turbo — “Trade the storm — control the Vortex” Vortex Turbo represents the next evolutionary stage in intelligent trading — a unique development that merges cutting-edge AI architecture, adaptive market logic, and precise risk control. Built upon proven algorithmic principles, it integrates multiple strategies into a unified high-speed ecosystem powered by a new level of predictive intelligence. Designed as a scalping expert for gold XAUUSD(GOLD), Vortex Turbo employs a controlled martin

399 USD

Quantum strategy is a combination of quantum superposition and trading signal model. EA Quantum Dark Gold determines Buy and Sell positions simultaneously for each signal and simultaneously places 2 orders Buy Stop and Sell Stop. Then the momentum determines which order position is executed and cancels the remaining pending order. This interesting idea forms the Quantum Dark Gold with a unique entry method. Open positions are then managed by Trailing, Stop Loss and position balancing strategies

79 USD

Professional automatic advisor with high performance. The advisor has preset settings, trades automatically calculated or fixed lot. You can use default settings or use your preferences. The Monopolist expert uses the author's, multi-component algorithm for fast processing of market data in real time, to open short-term transactions on dynamic instruments with a small spread. The advisor's strategy is based on price action, transactions are opened with a minimum waiting time for a decision, whic

600 USD

LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here New live signal: https://www.mql5.com/en/signals/2084890 Live Signal high risk : https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP: Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strategy.

649 USD

Running multiple EA's on your account and confused by who's winning and who's loosing? Try this indicator that report's in real time on the Magic Numbers in your account by reading the History_trades along with the Open_trades. Note: Manual trades are grouped under Magic Number "0". For a better visual report, run it on a symbol that you don't execute trades on, switch the history bars to "Line Charts" and set it's color to Black.

FREE

This is a must have tool for a serious trader. It saves your precious time spent for opening/closing trades, creating pending trades and modifying your TP/SL in bulk according to either pips or price. If you need to quickly open several pending orders (Buy Stop, Sell Stop) at a certain distance from each other, this script will do all the routine for you! The first time you use this handy tool, you will realize it has already paid for itself. Instructions: Drag and drop this script onto a chart.

100 USD

Did you ever wish if you can control how to auto close multiple trades in your account that are opened by multiple/different EA's ? Well.. Good news.. You're at the right place because now you can do this with MagicClose. Below are the inputs of MagicClose, going through them will give you a detailed idea what this handy EA is capable of: Chart timeframe: any Parameters Settings to control the Buys open trades: Enable Buys monitoring - true/false Buys Magics to monitor - Enter magic number foll

75 USD

Merlin Grid is a fully automated EA that uses a clever combination of grid, price action, fast scalping, smart filtering and artificial intellect (artilect) to determine profitable entry and exit points into the FX market. Merlin Grid is optimized and backtested over a period of 8 years (2010–2018). Download the free demo version and give it a run yourself. Visit Merlin Grid's blog for set files, news, updates, wish list, etc. Characteristics FIFO compliance option. Price averaging of same kind

250 USD

GoodBoy EA is a new concept developed after many years of Forex trading experiences. It uses multilevel complex algorithms and multitimeframes analysis to detect trends. It trades in the direction of a strong market impulse. The EA is optimized with it's default settings to pass backtesting from 2011 to 5-Aug-2018 (Release date). Please visit GoodBoy's Blog for set files and other notes. Characteristics of the EA FIFO compliance option. Price averaging of same kind trades (Buys separated from

50 USD

The trend is your friend! This is what this indicator is all about. Follow this famous saying and be safe. Characteristics: Buy/Sell signals fixed on the close of a bar. Works on all symbols and all timeframes. Clear visual market trend laser line, Buy/Sell signal arrows, market strength meter, TP1 & TP2 boxes. Visual signals when to enter, when to exit the market. No repainting. Compatible with Flexible EA for trading automation. (Ask for a free set file optimized to perform 2010-2018) Parame

50 USD

Filter:

335

Oscar Garcia 2019.05.31 05:35 #

Maybe this could be a grear ea, but if you need help forget about contact developer. I rented for a month and I asked him for help, it has been a month and I'm still waiting for an answer. I won't renew subscription.

1139

tonton33 2018.09.15 12:02 #

Its great EA and very stable.and Nicolas support very polite and helpful.

I'mvery satisfied.

408

Al Bundy 2018.06.21 13:01 #

Hi,

very well done.

With last update now trailing is implemented.

With a good indicator it will be a great winning team.

Parameter for set file is still missing. This would be no problem if one codes an own indicator.

One negative, so one star minus but not because of this EA: in this combination one coudn't use strategy tester for best indicator settings - only for EA settings. Do you know a solution or workaround?

best regards

edit:

-* Strategy tester doesn't trade with custom indicator.

-* Got no support for custom parameter handover although offered.

2115

Mark Vaines 2018.06.20 16:26 #

https://www.mql5.com/en/signals/440640

TheUnknown 2018.06.13 12:15 #

Great EA! Very stable. Exactly what I was looking for and Nicolas has been very helpful.

The EA gets frequent updates, and new features are added regularly.

Keep up the good work.

hic77 2018.06.13 12:05 #

Flexible Ea: Fantastic !! Easy simple intuitive to configure. Finally an EA that will always be useful. The best money spent in Mql5. Great support !! Thank you.

557

noshali 2018.05.18 07:32 #

Awesome EA. Works as advertised. Support is 5 stars and more. Best support ever.

UPDATE

Nicolas is very cooperative and listens to every piece of feedback given. Have been using this EA on a regular basis to test indicators that was not possible providing better analysis. Also, do note that NO indicator in the world is 100% correct all the time...so keep your expectations in the right place. This EA will help you weed out crappy indicators and save you a bundle.

197

alrefai 2018.05.16 07:13 #

Creative EA! The developer is very cooperative with fixing bugs and implementing new features when requested. looking forward for new versions

608

Flaviano Moreira Filho 2018.05.05 13:38 #

This is a great tool with a lot of options. The author Nicolas has replied to my questions and has made improvements to the EA based on my feedback so I am very impressed and I highly recommend it.

590

Prinay 2018.04.27 17:14 #

Great EA! So far so good. Will test it out over the next few weeks and provide a more constructive feedback. Great work so far.