Forex Combo System Review 3 in 1 Forex Strategies

Forex Combo EA Has been described as three powerful systems that used a three pronged attack to extract trading profits form the forex market. It’s true that Forex Combo sounds like a KFC meal deal , however the result are finger licking good.

We would have called it Forex Trio or may Forex Triple Tipple , anyway lets not get too hung up on the name . More

importantly it’s been called one of the most solid automated trading systems which means it must be doing something right .

Forex Combo System EA only trades the EURUSD pair on the M5 timeframe, but it appears the indicator timeframes are hardcoded. This was discovered while backtesting by accident on M15 and the test notice they were receiving the same results as they did on M5. This is a great user friendly feature that Ensures the Expert Advisor is fail-safe – even if the trader incorrectly runs it on a chart with the erroneous timeframe, it will still execute as it ought to.

Forex Combo System Official Website

http://www.4dreview.com/fxcombo.php

Strategy

Forex Combo System includes three totally diverse approaches:

A scalper strategy

Is set to capture small market movements. It sets to take profit at 21 pips, That been said it will close the positions early if the market is going in the wrong direction, occasionally resulting in less than 21 pips profit, every so often in a small loss. Its stop loss is at 300 pips which might seem massive, but it nearly never gets hit – the EA typically closes the positions way before they get there.

A breakout strategy

Fashioned on the ATR (average true range) indicator. Basically a breakout happens when the price goes beyond some set limits; in many cases, such breakouts are sustained by moves in the same route as the breakout. The ATR indicator examines and documents the typical range that a currency has during a given phase, which, joined with the current market data, gives a dynamic upper and lower border line. So, the breakout strategy is dynamically adapting to the market conditions and watching for starting trends, using a trailing stop for its positions and a take profit target of 500 pips, which is infrequently reached, although most trades are closed by the trailing SL. By contrast to the scalper strategy, the initial stop loss of this strategy is very tight: 30 pips, which classically leads to numerous losses in a row pursued by a big win which more than counterbalances the losses.

A reversal strategy

This is where a market channel is determined and the price is expected to turn around and start a new trend once it reaches the channel boundaries. This strategy has a stop loss of 70 pips and a take profit target of 160 pips, but all positions that go into profit are sporting a trailing stop. As it would be predictable, this produces some losses, but also some wins, being quite well into the positive after all is said and done. Most positions are closed by the trailing stop, but some of them reach their profit target. It’s worth noting that this strategy only opens trades between 22 and 01 GMT.

The restrictions for each strategy can be modified, but Most users would not advocate doing that as they work entirely well as they are.

Forex Combo System Official Website

http://www.4dreview.com/fxcombo.php

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