FX Automater has many various trading systems on the board. Some of them are good; the rest is garbage.
Let’s figure out if Forex Combo System is good or a scam.
From the box and a sheet with explanations, we know that we can expect “guaranteed success,” fully-automated trading, several years of verified trading results, and several strategies on the board.
Instead of explanations, we see a sale with a countdown, as usual. So, there’s no WOW effect.
The offer includes only one package that costs $117 with $30 OFF. Paying this, we can expect to get one real account license, four systems in the EA, and a 60-day money-back guarantee provided by Click Bank.
So, buying this to check on a demo account looks safe enough.
In addition, we’ll get some extras:
- Installation package and all needed files.
- We receive access to the member area.
- We can rely on 24/7 welcome support.
- We get a detailed PDF user manual.
- We can trade not only one real account but also on unlimited demo ones.
- The EA will get lifetime updates for free.
- Fully-automated trading.
Forex Combo System Trading Strategy
So, what do we know about the strategy? The Combo System received its 6.1 version; in addition to everything good, we get a Monday-Friday Rules package that helps us to avoid Monday morning gaps.
The system, as it was mentioned before, has several trading strategies:
- The first and most frequently traded is a scalping strategy. It allows us to cut out little profits like 2-4-5-10 pips during short-term trades. Usually, the Entry Price is well calculated, and the success rate goes up to 90%.
- Trend trading is the second strategy on the board. It analyzes the market all day every day to find trends that can bring a profit.
- Market Correction gives huge opportunities to catch a reverse trend and make many pips on the market correction.
- Range Detection allows finding non-trend trading market moves and makes some predictable profits.
These strategies can make the EA profitable under any market condition.
Forex Combo System Features
Let’s talk about the Forex Combo System’s features.
- It performs four strategies at once to look for market opportunities.
- Stop Loss placement and management allow big losses and close deals if they’re not profitable.
- Money management was designed to set Lot Size automatically, based on set risks.
- Volatile Market Protection doesn’t allow us to open positions on a high slippage market.
- All strategies were tested based on the last-10-years historical data.
- It works with EUR/USD and GBP/USD symbols.
- The EA is compatible with any broker company.
- We will receive notifications about opening and closing trades.
- We can run the EA with any other on the same account without problems.
It’s an example screenshot where we can see how strategies performed at the same time for over a week.
Forex Combo System Backtesting Results
The presentation includes four backtests for all strategies. The Range Strategy backtest doesn’t look great.
It’s one of them. Let’s take a look at the details. It’s a EUR/USD backtest that’s run on the M5 timeframe for 11 years. The test includes 902 trades and 797k bars with 90% modeling quality. An initial deposit is $1000. The total net profit was $33.3k. A Profit Factor was 1.64. The maximum drawdown was insanely high and amounted (57.74%). Shorts’ win-rate was 82%, Longs’ was 77%.
Forex Combo System Live Trading Results
The presentation includes these trading results that attract no one.
We’ve got a demo USD account trading results from the Alpari broker. The robot trades with 1:500 leverage through the MetaTrader 4 platform. The account was created over three years ago. During this period, it grows up to +238.48% of the total gain. The average monthly gain was 2.77% with little drawdowns. As we can see from the chart, in the last 30 months the robot did nothing and slowly wasted the balance.
Forex Combo System performed 777 trades with 1722 pips. The average gain (23.60 pips) almost matches the average loss (-29.32 pips). A win-rate is between 57% and 62%. The average trade length is up to 20 hours. A Profit Factor is 1.26, which’s low as for a robot that uses the scalping strategy.
The more profitable direction is Longs.
The chart tells us that over 40% of trades were performed, scalping Asian and European markets.
The robot works with extra risks to get more profits.
In trading, the EA uses Trailing Stop Loss to save a profit after the market decides to move in the wrong direction.
Trading results look wild. We know no person who, after March-April’s results, would like to keep the EA on the real account.
Forex Combo System Reputation
FX Automater has a good reputation, in general, as a designer of automatic trading solutions. The 3rd-party money-back guarantee allows us to trust them even more, but results vary depending on the products they introduce. So, it’s okay to like one product and don’t like another one.
Forex Combo System Review Summary
Strategy – score (7/10)
Functionality & Features – score (5/10)
Trading Results – score (1/10)
Reliability – score (3/10)
Pricing – score (10/10)
Conclusion
So, what do we have? Forex Combo System unites four strategies that perform all day. The developers share with us backtest reports and 3rd-party verified trading results. From the last, we knew that the EA is garbage since the mid of 2018. For two years, the robot couldn’t recover and become a profitable trading solution.
