Forex Combo System EA has long been known to many traders for its reliable trading and unusual trading algorithm. Even today, an earlier version of this Expert Advisor quietly passes the 10-year back test and feels confident in real trading. The algorithm of this robot includes trading in four strategies (in more detail later in this post), which can work both jointly and separately. As a result of its evolution, the EA has many versions and modifications. I have version 5.0. Today we will consider this particular version
Сharacteristics of the Forex Combo System
Official website: forex-combo.com
Platform: Metatrader4
EA version: 5.0
Currency pairs: EURUSD, GBPUSD
Trading Time: Around the clock
Timeframe: M5
EA work algorithm
Forex Combo System 5.0 uses 4 strategies in its work:
Scalping Strategy (Scalping)
Breakdown strategy (Trend-Detection)
Counter-trending strategy (Market Corrections)
4. Non-trending market strategy (Range Detection)
You can enable/disable each of these strategies in the EA settings, as shown in the screenshot below:
Read more about expert settings below.
Backtesting of the Forex Combo System 5.0
I tested the EA on tick historical data for the period 2010.01.01 - 2020.04.02 with settings that differ from the default settings (presets are included in the archive):
GBPUSD (2010.01.01 - 2020.04.02)
As you can see from the tests, the EA passes testing on both currency pairs without any problems. But it looks preferable on the GBPUSD.
The new version from the developers of the Forex Combo System v 6.1 supports 4 currency pairs (EURUSD, GBPUSD, EURAUD and EURCAD) and shows good results on each of them.
EA settings
Use_Fx_Combo_Scalping - on/off scalping strategy
Use_FXCombo_breakout - on/off breakdown strategy
Use_FXCombo_Reversal - on/off the counter-trending strategy
Use_FXCombo_EuroRange - on/off EuroRange strategy (for non-trending market)
Use_ECN_Execution - on/off ECN-execution, it is better to leave it on (true) - suitable for all types of accounts.
Hiden_StopAndTarget - use virtual (stored in the Expert Advisor's memory) StopLoses and TakeProfits or send them to the broker's server. An analogue of the Stealth mode in other EAs. When you turn it on, you theoretically insure yourself against possible fraud on the part of your broker
No_Hedge_Trades, NFA_Compatibility - settings for traders registered in the USA, do not change anything
CommentSys1, CommentSys2, CommentSys3, CommentSys4 - comments on the transactions of each strategy
Magic1, Magic2, Magic3, Magic4 - a unique identification number for each of the EA`s strategies. These numbers are needed so that the adviser does not confuse his orders with orders of other experts and deals that you manually opened
MaxSPREAD - maximum spread value at which the EA is allowed to open deals
Slippage - maximum allowed slippage for opening deals
AutoGMT_Offset - on/off the automatic determination of the deviation of the broker's time from the time in GMT. When working in real time, leave this parameter turned on, when checking the EA in the Strategy Tester of the MT4 terminal, disable this add-in and set GMToffset manually using the parameter below
ManualGMT_Offset - manual setting of time deviation GMT. Works only when AutoGMT_Offset is disabled. You need to set the offset manually only with backtests
UseAgresiveMM - on/off aggressive Money Management. When this option is enabled, the EA will increase the lot after a losing deal, until the losses are restored. Only works if the parameter TradeMMSys1 (2,3,4)> 0
LotsSys - fixed trading lot (used only if TradeMMSys = 0)
TradeMMSys - if> 0, automatic Money Management is activated. The risk is set as a percentage of the deposit for each transaction
LossFactorSys - lot increase ratio after a losing trade (works only when UseAgresiveMM is enabled)
MMMax - the maximum allowable risk per trade (as a percentage of the deposit). A kind of fuse
MaximalLots - limiter on the maximum possible size of a trading lot
Of course, the new version of the robot looks much more interesting and profitable. You can verify this yourself by visiting the official website:
And of course, it will not be superfluous for the smooth operation of the robot to install it on a VPS hosting service. This eliminates the need to keep your PC turned on all the time. And you will not be afraid of Internet connection breaks.
In the archive Forex_Combo_System.rar (2.18 Mb)压缩包包含以下内容：
ForexComboSystem_v5.0(4in1)EURUSD.mq4（源码文件）
ForexComboSystem_v5.0(4in1)GBPUSD.mq4（源码文件）
EURUSD-true-agresiveMM-true-1-2-4-strategies.set（参数文件）
GBPUSD-true-agresiveMM-true-1-2-4-strategies.set（参数文件）
Forex Combo System Manual.pdf（软件说明）
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