Forex Combo System Review
Note: See my test results and recommendation at the bottom of this review.
According to the vendor Forex Combo System is a new generation automated trading system for MetaTrader 4, developed specially for the most liquid pairs – EURUSD and GBPUSD. The system comprises three entirely autonomous trading systems which open and manage their positions independently of each other. The new version for the GBPUSD pair has just been released as well and seems to be included in the package. It is nowhere revealed who are behind the Forex Combo system, either as developers or vendors.
Forex Combo Claims
According to the vendor the buyer can expect massive return on investment (ROI) in the long term: 2,000+% in 6 and a half years, which includes maximum drawdown of only 5.37%.
The vendor offers primarily backtests to back his claim. According to backtests over 6⅟2 years (2004.01.01 – 2010.08.10) the three strategies performed as follows (1 lot per trade):
- Scalping: 7,400 pips
- Trend: 8,000 pips
- Countertrend: 8,900 pips
The combined Return on investment (ROI) over the entire six and a half years period is
2, 379%, with maximum drawdown of only 5.37%.
The vendor also includes backtests of 12 years for the newly released GBPUSD version.
However, with low risk settings of 2% the backtests over the same period the return on investment is an astonishing period 116784 %, in spite of the maximum drawdown being much higher at 10.32%.
Live accounts: The vendor also includes summaries of what is supposed to be 11 live accounts from customers. On close inspection, however, only 5 of these are real live accounts; the others are demo accounts. The ROI in the live accounts are: 50.67% (6 months), 33.12% (6 months), 8.8% (3 months), 6.56% (3 months) and 3.4% (3 weeks).
The ROI in the demo accounts vary from 157.85% (7 months) to 5.93% (4 months).
How Does the Forex Combo System work?
The system comprises three entirely autonomous trading systems which open and manage their positions independently of each other. They are: Scalping strategy, Trend strategy and CounterTrend strategy. With the Scalping Strategy the robot do scalping following market trends; with the Trend Strategy it captures lasting trends which begins with intensive market impulses and with CounterTrend strategy it captures deep market corrections at moments when market trends are exhausted. Each strategy may be used independently or in combination with the others and that goes for setting the money management parameters as well.
Other features of the Forex Combo System
These features are presented by the vendor:
- The Scalp Strategy and Trend Strategy trades only when a sufficiently strong and purposeful market movement is detected.
- The system is designed to scan and find the best trading opportunities for you on autopilot.
- Stoplosses: Risk by stoploss is very small and the unique logic applied to exiting positions prevents frequent stoploss activation. All positions have the same stoploss and activation varies from 15% to 30%.
- The opportunity of applying highly effective automatic money management.
- The robot very rarely opens positions in periods of sharp price fluctuation (gaps), so slippages are less likely to occur.
- The Scalping Strategy has a specially developed and highly effective way of exiting a position: 80 per cent of positions are closed at optimum profit, while a part of them close at minimum loss.
The Forex Combo System Package
For $299 you get the system comprising of the three strategies: Scalping, Trend and Countertrend. No money back guarantee is offered. As a matter of fact, under terms and conditions they state explicitly: “Refund policy: You understand and agree that we do not offer a money back guarantee!”
Click Here to Visit Forex Combo System
My Forex Combo Test Results and Conclusion
I am currently testing Forex Combo System. See my testing stats and account statement on the Forex Robot Testing page. Also visit my Top 5 list or subscribe to my weekly robot testing newsletter.
