Forex Combo System is a trading solution that is a part of FXAutomater. The developers are well-known among the Forex community. The system has received a 6.1 update. The system focuses on trading during a week, skipping keeping orders over weekends. They claimed that “The new features IMPROVE the overall PERFORMANCE of Forex COMBO System!”
Is investing in Forex Combo System a good decision?
We don’t think so. Trading results look horrible. It means the system is not updated at all. The devs need to update the system ASAP to fit current market conditions.
Company profile
The FXAutomater are well-known developers. They have designed many trading solutions. However, most of them have become scams.
Main features
We have united features in the following list. We could find many features, settings, and other details.
- The system knows how to trade automatically for us.
- Good traders rely on the system to get accurate and growing profits.
- The devs claimed that the “smart traders rely on using a combination of highly successful techniques in every trading session.”
- The system will try to profit in every situation.
- They united four strategies to work with.
- The first one is scalping.
- It fits little profits from the market trend moves.
- The second strategy is based on spotting trend opportunities and opening a trade in the trend direction. As well, it can find reversal moments when a trend goes down.
- The third strategy is a market correction when a trend hits so many pips it’s time to get the market corrected.
- The last one is based on range detection.
- We are allowed to work with the next cross pairs: EURUSD, GBPUSD, EURAUD, and EURCAD.
- It scans the market 24/7.
- All trades are covered by SL and Tp levels.
- The system is featured by highly effective money management.
- The advisor skips trading during high-volatility periods.
- The system got a stress test based on the ten-year tick data received from a broker.
- There are various notifications like push, mobile, and pop-up.
Price
The system can be bought for $137 instead of $197. The package includes one real account, an unlimited number of demo accounts. The software unites all four strategies at once. The devs support the deal with a 60-day refund policy.
Trading results
We have the system tested on the EURUSD currency pair on the M5 time frame. The data period was from 2007 to 2018. The modeling quality was 90.00% with ten pips of spreads. The profit factor was 1.64. The maximum drawdown was 57.74%. The system has closed 902 orders with an 81% accuracy rate for shorts and 77% for longs.
The system executes orders only from a demo account that was nominated in USD on IC Markets automatically for us. The leverage is 1:500. The platform is MT4. The account has a verified track record. So, the data should be trustworthy. The account was created on August 22, 2018. It was deposited at $1,000. The absolute gain has become 47.72%. An average monthly gain is 1.06%. The maximum drawdown is 8.08%. The account is tracked by twelve people.
There were 369 deals traded with 1368.9 pips. An average win is 31.08 pips that equals an average loss of -27.99 pips. The win rate for longs is 55% when for shorts it’s 52%. An average trade length is 13 hours 50 minutes. The profit factor is 1.43.
The system works with a EURCAD cross pair. The advisor trades in both directions equally.
Forex Combo System opens the most orders during the beginning of the American system because the second currency is CAD. It scalps a bit after Midnight.
The advisor trades most of the orders during the period of Tuesday – Thursday.
The EA executes orders with high risks to the account balance. It has to lose 19 orders to lose 10% of the account.
The advisor uses a trailing stop loss feature. The system loses pips quite often. It’s unprofessional.
Forex Combo System can easily lose several months in a row.
People feedback
The developers decided to create a page on Forex Peace Army. Five clients have written reviews that formed a 2.042 rate.
According to feedback, the system is a scam. We cannot suggest to you the advisor that is in trouble.
Summing up
The system unites four strategies but it doesn’t help too much. The trading results show that the advisor is in trouble and it should be updated ASAP. The presentation doesn’t include comments from clients, but there were several published on Forex Peace Army. People weren’t happy with the advisor’s performance.
