Forex Combo System Review
Forex trading continues to become more popular each day. With forex trading robots, it’s never been easier to get started. These are systems that automatically alert you to good trades, or even make the trades themselves. There are a great many of these systems on the market, which makes it harder to find a good one. The Forex Combo System is one that could be worth your time and money.
What is the Forex Combo System?
As the name of the system implies, it combines different strategies. The Forex Combo System combines four different strategies that are all designed to make money on the forex market. The Forex Combo System only trades the EUR/USD and GBP/USD pairs on the M5 timeframe, but it is still an effective and useful system. It is packed full of features too, including features designed to protect you from major losses.
Forex Combo System Strategies
A forex trading robot is only as good as the strategies it employs. With that said, here is a look at the four strategies used by the Forex Combo System.
- A Scalper Strategy – This strategy aims to capture small movements in the market. It looks to take profits at 21 pips, but it isn’t shy about closing positions early if the markets aren’t moving as expected, sometimes pulling less than 21 pips profit, and occasionally a small loss. The stop loss comes in at 300 pips, which sounds like a lot but it almost never reaches that point.
- Breakout Strategy – This strategy is based on the average true range (ATR) indicator. A breakout occurs when prices exceed a given boundary; these breakouts tend to be continued by moves in the same direction the breakout occurs on. The ATR indicator will measure the average range a currency has during a set time period. When this figure is coupled with market data, it provides an upper and lower boundary. The breakout strategy adapts to market conditions and watches for trends starting. It aims to generate a profit of 500 pips and can sometimes reach that point. It has a much together stop loss than the scalper strategy, stopping at 30 pips. This strategy tends to lead to a few losses followed by a big win that easily offsets the earlier losses.
- Reversal Strategy – A reversal strategy is where a market channel is determined and prices are expected to reverse, with a new trend starting after the price reaches the channel boundaries. The reverse strategy has a take profit target of 160 pips and a stop loss of 70 pips. This strategy will generate some losses as well as wins. Another thing to keep in mind about this strategy is that it only works between 10PM and 1AM GMT.
- EuroRange Strategy – This is a simple strategy. The Forex Combo System attempts to capture the price movements during the European session by identifying existing trends and opening positions at 7AM GMT. Those positions have a tight stop loss of around 50 pips for EUR/USD pairs and 60 pips for GBP/USD pairs.
Users can adjust the parameters for the strategies, but it’s best to leave them as they are.
If you’re willing to stick with the Forex Combo System through the ups and downs, it definitely becomes a system worth investing in. It’s not cheap by any means, but a lot of work has gone into making this an effective trading system that can pay for itself over time.
Forex Combo System Coupon Code
The regular price of Forex Combo System™ is $197.00 on Forex-Combo.com, but today you can have it for just $147.00. Claim your discount while it's still available! (Please double-check the final price as the offer may end at any time.)