Forex Flare EA MT4 & MT5 with Setfiles

What is Forex Flare EA ?

Forex Flare EA combines three distinct trading approaches—Renko Charts, Price Action, and Mean Aversion—into a single automated system for low timeframe trading. Users report achieving 50% profit in 10 days and 85% ROI within 45 days on live accounts. This multi-strategy expert advisor operates on M1 and M5 timeframes across 14 major currency pairs.

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Key Takeaway

• Overview: Fully automated EA with pre-configured settings for 14 currency pairs, featuring three-strategy integration with customizable risk levels and trade management controls

• Trading Strategy: Uses Renko chart analysis to filter market noise, price action patterns for entry confirmation, and mean aversion logic to capitalize on price reversals back to historical averages

• Core Components: The EA analyzes market structure through Renko charts, identifies high-probability setups via price action signals, then executes trades when price shows tendency to revert from extreme levels

• Risk Management: Built-in 30-pip stop loss with 10-pip take profit (3:1 risk-reward ratio), requiring 75%+ win rate for profitability; includes trailing stop, stealth mode, and maximum trade limits

• Verified Performance: Live results show $2,000 profit in 45 days (85% ROI), $380 profit on $2,000 deposit in one month (19% return), and $1,762 profit in 10 days using 0.5 lot size

• Primary Risk: Mean reversion strategy vulnerable during strong trending markets; high win-rate dependency due to unfavorable risk-reward ratio makes it susceptible to consecutive losses

Recommendations for Forex Flare EA

• Trading Platform: MetaTrader 4 (MT4) or MetaTrader 5 (MT5)

• Pairs: EURUSD, GBPUSD, USDCHF, EURJPY, AUDUSD, GBPJPY, USDJPY, AUDJPY, USDCAD, GBPCAD, EURCHF, GBPCHF, EURNZD, CADJPY – Major pairs recommended for better liquidity

• Supported Accounts: ECN and Standard accounts supported – ECN preferred for faster execution on scalping strategies

• Timeframe: M1 (1-minute) and M5 (5-minute) – Lower timeframes essential for mean reversion strategy effectiveness

• Trading Time: 24/5 operation recommended – No specific session restrictions mentioned

• Leverage: 1:100 to 1:500 recommended – Higher leverage amplifies both potential profits and losses; ensure proper risk management

• Minimum Deposit: $100 minimum – Higher balance ($500+) advisable for better risk management given the EA’s scalping nature and potential drawdowns

Forex Flare EA Review

Forex Flare EA demonstrates consistent profitability through verified live results, effectively addressing traders’ need for automated scalping solutions while requiring careful risk management due to unfavorable 3:1 risk-reward ratio. Best suited for intermediate traders comfortable with higher-frequency trading and drawdown tolerance.

Live Trading Results:
• EURJPY Performance: $2,066 profit in 45 days (85% ROI) – High return with concentrated single-pair risk

• Multi-Pair Results: $380 profit on $2,000 deposit in one month (19% monthly return) – Consistent but requires capital preservation awareness

• Short-Term Performance: $1,762 profit in 10 days using 0.5 lot – Impressive gains with corresponding high-risk exposure

Why Choose Forex Flare EA

• Multi-Strategy Integration: Combines Renko, Price Action, and Mean Aversion for comprehensive market analysis – Requires understanding of all three methodologies for optimal parameter adjustment

• Proven Live Results: Verified user feedback showing 19-85% monthly returns across multiple currency pairs – Performance dependent on market conditions favoring mean reversion strategies

• Pre-Configured Settings: Includes optimized .set files for each supported currency pair with low/medium/high risk presets – Reduces setup complexity but limits customization for experienced traders

• 24/5 Automated Operation: Captures opportunities across all trading sessions without manual intervention – Continuous exposure requires robust risk management and account monitoring

• User-Friendly Interface: Plug-and-play installation with clear parameter explanations – Advanced traders may find limited transparency in core algorithm logic

Conclusion

Forex Flare EA MT4 MT5 offers a robust multi-strategy approach with proven live performance, making it suitable for intermediate traders seeking automated scalping solutions but requiring careful risk management due to high win-rate dependency. Conservative traders should exercise caution with the 3:1 risk-reward structure.

Forex Flare EA MT4 & MT5 Download Packages:

• Link download experts:
  • MT4: ForexFlare Robot_fix.ex4
  • MT5: ForexFlare EA_fix.ex5
• Presets MT4: FlareSetUsd.set
• Presets MT5:
  • gbpchf.set
  • eurusd.set
  • eurnzd.set
  • usdchf.set
  • gbpusd.set
  • eurjpy.set
  • cadjpy.set
  • gbpjpy.set
  • usdjpy.set
  • high risk.set
  • low risk.set
  • midium risk.set

FAQs