The Forex Combo System is an automated forex trading strategy developed and optimised for the MetaTrader desktop terminal. It is capable of simultaneously scanning multiple currency pair charts for trading signals. You can set this forex robot to place trades on your behalf. It will also manage and close them according to the settings that you choose. Alternatively, you may use it in semi-automated mode. In this instance, the trading software will send you a forex signal alert notification and you can then make a decision on if you would like to place a manual trade or wait for the next opportunity to come along. As with the majority of forex robots, you will need to run the MetaTrader platform in order for it to work. If you cannot always have the platform open on your computer, you could look at getting a Forex VPS which will allow you to remotely run the trading terminal around the clock without needing your home machine switched on. In this Forex Combo System Review, we will take a look at the strategy, features and results of the expert advisor to help you decide if it is something that you would like to use on your forex trading account.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Customisable settings
- Combination of 4 trading strategies
- Volatile market protection
- Members area
- Myfxbook verified results
- No 99% modelling quality backtests
- MetaTrader 4 only
The Forex Combo System uses a unique trading algorithm that was programmed by the Fxautomater team. They have a large selection of commercially available trading robots that you can purchase including BF Scalper Pro, Grid Master PRO, Smart Scalper PRO, GOLD Scalper PRO, Omega Trend EA, Volatility Factor 2.0 Pro, Forex Diamond EA, Forex GOLD Investor EA and Forex Trend Detector. As you can see, they have plenty of experience when it comes to automated trading.
The Forex Combo System is a combination of 4 trading strategies built into one forex robot. It has been optimised for the EUR/USD, GBP/USD, EUR/AUD and EUR/CAD currency pairs. You can choose to run it on a few or all pairs, depending on the amount of trading activity you are looking for. The developers are constantly updating the software to try and make sure it keeps up to date with the current forex market conditions. The latest EA setting files are provided free of charge for users.
Forex Combo was designed based on in-depth analysis of thousands of currency trades. The development team recorded each trade and the strategy that delivered the most favourable results. Soon a pattern was developing that pointed to 4 of trading strategies, hence the Forex Combo System was formed. The implemented strategies are as follows:
The Forex Combo System uses an automated scalping strategy works by matching high probability trades based on analysed market trends with low risk. A consistent small-spread strategy slowly adds trades in an attempt to maximise the performance.
Currency markets offer clear, easily tracked data that can be analysed in real-time. This data is visualized as trends that can be used for trying to predict the market direction. There are some successful traders who utilise sophisticated Trend Detection strategies to try and catch good moves. The Forex Combo System is constantly watching for market signs that there is a possible trend signal.
Forex Combo System can also try to capture deep market corrections when the current trends are exhausted. The key is to be able to predict when the market will reverse. This is subtle science requiring thousands of lightning fast calculations.
Many forex traders believe that the trend is your friend and a trending market can lead to some big moves. However, a lot of trading activity also happens when the market is in a non-trending state. The Forex Combo System uses a powerful algorithm in an attempt to try and detect a non-trending market and adjusts its trade detection accordingly.
Now that we have covered the multiple forex strategies built-in this particular forex software, lets take a look at some of the key features:
It can be difficult to manually trade just 1 forex strategy, let alone 4. The Forex Combo System can perform lots of complex calculation within seconds across multiple currency pair charts and timeframes. It would be almost impossible for a human to do this manually. This means that users get access to a diverse and fully automated forex system that can do all of the market analysis an even manage trades. Unless you prefer to trade manually, which is still possible with the software if you set it to just send you a notification when it finds a signal.
One of the most important features of any forex trading system is the money management. The software includes fully customisable money management settings including stop loss, take profit, trailing stop and break even. Users can choose to trade with fixed lots or set a risk percentage and the EA will automatically calculate the lot size on their behalf.
The EA has a unique trading logic applied to exit positions prevents premature stop-loss activation. This logic allows positions to close, managing losses, as long as current prices are statistically favourable.
Volatile Market Protection
The Forex Combo System will try to not open positions in volatile markets with sharp price fluctuation (gaps). The purpose of this feature is to try and ensure that the expert advisor positions are much less likely to suffer from broker slippage.
The Forex Combo System will inform you about all actions performed in your account. It easy to set-up your terminal to receive these notifications. Traders don’t have to sit in front of their computer all day monitoring their traders but can still keep tabs on their account. The trading software can send email and push notifications to your mobile phone and inform you about its trades.
Private Members Area Access
From the member’s area, users who have purchased the EA can manage their trading accounts, personal profile, download the Forex Combo System files and contact the support team.
When choosing a trading robot, one of the most important things to do is to check the latest results and see how it has been performing historically. Whilst this is no guarantee of future performance, it can help to give us a rough idea of what to expect from the trading system being used.
Forex Combo System Myfxbook
The Fxautomater team have published and shared a Myfxbook account of the Forex Combo System EA that has been running for a few years. The problem is that it is only a demo account which does not install us with the greatest of confidence. That being said, you can see the results below and click the graph for more detailed statistics.
Forex Combo System Backtesting
There is a good selection of Forex Combo System backtests available. They show how the EA may have performed based on backtesting over historical data in the MT4 strategy tester. The problem with these backtests is that they are not using tick data, variable spreads and not including any commissions. Therefore, the modelling quality is limited to 90%. These are all important factors that can have an impact on results. We would like to see the Fxautomater team update the results with 99% modelling quality. However, you can see backtest results of each individual strategy the Forex Combo System EA uses below.
Below, you can see backtests that show historical results using all of the 4-in-1 automated trading strategies that the Forex Combo System has.
The Forex Combo System Robot integrates 4 powerful trading strategies into one easy-to-use automated system. It can adapt to trending and range bound market conditions due to the diversity within its trading algorithm. The software has some very good features and is versatile because the settings can be customised to your own needs whereas you may run it on any trading instrument and chart timeframe. Despite the positives, this forex robot is let down by a lack of real verified account results and 90% modelling quality backtests. There are other options such as the Forex Flex Robot which is backed by real trading account results.
The Forex Combo System is a 4-in-1 forex robot that can dynamically adapt to ever-changing market conditions. It has a unique automated trading algorithm and customisable settings but is let down by a lack of real account results.
What is the Forex Combo System price?
This trading software costs $247. You can use the Forex Combo System with 1 live account or an unlimited amount of demo accounts at the same time. You get sent updates and new versions of the EA free of charge for lifetime.
Where can I download the Forex Combo System?
You can download the Forex Combo System from the official website here.
What kind of customer support does Forex Combo System offer?
There is 24/7 support from a team of specialists who are available to assist you if you have any problems or questions.
What are the best brokers to use with the Forex Combo System?
The Forex Combo System is compatible with all forex brokers that have the MetaTrader 4 platform.
What’s the minimum amount required to trade with the Forex Combo System?
There is no specified minimum amount required to start using this forex robot. However, you should never trade with what you cannot afford to lose due to the high risk involved with trading forex online.
What is the Forex Combo System refund policy?
The product comes with a 60-day money back guarantee if you are not happy with it for any reason.
Is the Forex Combo System a scam?
We personally don’t think that that Forex Combo System is a scam but that does not mean it will produce good results.
Can I get the Forex Combo System for free?
You probably could spend countless hours looking for a free version of the Forex Combo System being shared but it is likely to be out of date, unsupported and potentially broken.
What currency pairs does the Forex Combo System trade?
The software supports the following currency pairs: EUR/USD, GBP/USD, EUR/AUD and EUR/CAD.
What are the best Forex Combo System settings?
The best settings for the Forex Combo System are probably going to be those that are already provided by the developer as they have spent such a long time developing and testing it. You will need to adjust the risk/lot size accordingly as every forex trader has a different risk preference.
Can I change the Forex Combo System settings?
If you have the skills, you can experiment with the EA settings in the MT4 strategy tester and optimise your own set files on any trading instrument and timeframe of your choosing.
What do I need to run the Forex Combo System?
You will need the MetaTrader 4 desktop platform and a demo or real trading account with a forex broker. We would always only ever run a forex robot on a demo account until we become familiar with how it works and see if it something that we would like to use in a real live trading environment.
How much money can I make with the Forex Combo System?
There are no guarantees on how good or bad this or any other forex trading robot will perform. Due to the unpredictable nature of the fx markets, nobody can predict what will happen in the future. You should make sure that you understand all of the risks involved using any automated forex system such as the Forex Combo System.
Results are based on historical data. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is no guarantee of future performance. You should understand the risks involved with trading. Your capital is at risk.