Forex Combo System Review: Does It Win or Lose?

Forex Combo System

Forex Combo System is a Forex trading advisor that is a part of the FXAutomater brand. The presentation has much information about how the system works on the market. There’s a statement “The new features IMPROVE the overall PERFORMANCE of the Forex COMBO System!” Let’s check it out. 

What is Forex Combo System?

The presentation provides us with some information about the system and how it’s going to work on our account. 

  • The system works automatically for us on our terminals. 
  • It can make accurate and stable profits. 
  • The devs insisted that “smart traders rely on using a combination of highly successful techniques in every trading session.”
  • We can work under various market conditions. 
  • We have some great strategies implemented. 
  • The first one is a scalping strategy. 
  • The system can get profits from rough market moves. 
  • There’s another strategy “spotting trend opportunities and open a trade in the trend direction. As well, it can find reversal moments when a trend goes down.”
  • The third strategy is based on the “market correction when a trend hits so many pips it’s time to get the market corrected.”
  • The advisor got its stress-tests based on the ten-year tick data received from a broker. 
  • We can enjoy using various notifications like push, mobile, and pop-up. 

Official Forex Combo System website

The presentation looks well as usual for FXAutomater. There is much intel about how the system works and what we have to expect. 

How can we use Forex Combo System?

  • The system is easy to set up and install.
  • It runs a range detection feature. 
  • We can work with EURUSD, GBPUSD, EURAUD, and EURCAD pairs.
  • We can trade 24/7 on the market. 
  • The system places SL and TP levels for each open order. 
  • There’s money-management that helps us with calculating lot sizes. 
  • It doesn’t trade during high-volatility periods.

Pricing & refund

Forex Combo System offer
Forex Combo System offer

The pricing is standard, $137. We can enjoy $60 OFF. The original price was $197. We’ve never seen it as the main one. The pack is featured by a license for a single real account, an unlimited number of demo accounts, and four strategies on the board. There’s a 60 day refund policy. 

Trading strategy

  • There are four various strategies on the board implemented. 
  • Trading is allowed on EURUSD, GBPUSD, EURAUD, and EURCAD.
  • We don’t know details of the time frames to work with. 

Trading results

Forex Combo System backtest report
Forex Combo System backtest report

It’s nice of the devs to provide us with backtest reports. We have a EURUSD test on M5 based on 11 years of the tick data. The modeling quality was 90.00%. The spreads were wide, so the system is protected from broker conditions. An initial deposit was $1,000. It turned into $33,307 of the total net profit. The profit factor was 1.64. The maximum drawdown was 57%. The advisor traded 902 deals with an 81% accuracy rate for shorts and 77% for longs. 

Forex Combo System trading results
Forex Combo System trading results

Forex Combo System has been running only a demo account on IC Markets with 1:500 leverage. It trades on the MT4 platform automatically. The account has a verified track record and verified trading privileges. The account was created on August 22, 2018. It was deposited at $1,000. The absolute gain has become 46.07%. The system has lost almost 2% since our last visit. An average monthly gain is 0.98%. The maximum drawdown is 8.08%. The account trading results are tracked by 12 traders. 

Forex Combo System statistics
Forex Combo System statistics

It closed 386 orders with 1331 pips. An average win is 31.16 pips when an average loss is lower, -27.94 pips. The accuracy is 54% for longs and 51% for shorts. An average trade length is almost 13 hours and 53 minutes. The profit factor is 1.39. 

Forex Combo System directions
Forex Combo System directions

The advisor has made almost the same number of pips in both directions. 

Forex Combo System closed deals
Forex Combo System closed deals

The last orders have brought the wall of losses. 

Forex Combo System monthly results
Forex Combo System monthly results

It hasn’t been working stable this year. The advisor must be updated before keeping using it. 

What are the real customers saying about Forex Combo System?

Forex Combo System’s page on FPA
Forex Combo System’s page on FPA

We have a page of Forex Combo on Forex Peace Army created. We have some testimonials and a 2.04 rate that means that the system is a scam. 

Customer testimonials
Customer testimonials

No one was happy with using it. 

Other notes

The company is well-known but it has some scam advisors in its portfolio. So, this one is going to become another scam trading solution. 

Summary: is Forex Combo System a trustworthy EA?

Forex Combo System
2.4 5 0 1
Forex Combo System looks like an unstable trading advisor that doesn’t know how to make profits under 2021 market conditions. We don’t know if the developers mind about updating the system up to a stable version that would work well.
Forex Combo System looks like an unstable trading advisor that doesn’t know how to make profits under 2021 market conditions. We don’t know if the developers mind about updating the system up to a stable version that would work well.
2.4 rating
2.4/5
Total Score
  • Strategy
    3.0 rating
    3/5 Neutral
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    2.0 rating
    2/5 Bad
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    3.0 rating
    3/5 Neutral

Like

  • Well-known developer
  • Trading strategies revealed
  • Backtest reports provided
  • Trading results shown

Dislike

  • No team revealed
  • No help with risks provided
  • No money management advice given
  • Horrible trading results
  • Many negative testimonials written
Total
0
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