Forex Combo System is an improved version (sixth release) of the popular forex advisor, which is configured to simultaneously work automatically on four trading strategies. The product is presented on a long one-page website at forex-combo.com. And it is positioned as reliable software capable of delivering accurate, predictable and growing profits over the years. Let us all look and understand whether the stated promises correspond to reality, and whether it is worth investing in the purchase of our adviser.
Forex Combo System:
The program is based on this approach: you need to focus on those trading strategies and tools that have proven their effectiveness over a long historical span. Get rid of everything else. Now we understand how this principle is implemented in the Forex Combo System software:
- For market analysis and search for entry points using four smart strategies: scalping (conducting frequent transactions with a small profit), detecting a trend (taking large and well-viewed movements), market correction (making a profit at those intervals when the price moves in a cut established trend) and range detection (earnings within a stable price channel).
- A special option is provided in the settings, allowing you to set your risk level (ROI) for each currency pair. The default setting is such that in each transaction it will use 5% of the deposit amount.
- There is a protection against volatility and an additional unique algorithm that prevents premature triggering of a stop-loss order.
- Two currency pairs are suitable for work: euro/dollar and pound/dollar. You can work through any broker that supports the MetaTrader 4 terminal.
- After the purchase, there is a 60-day warranty period, which is virtually impossible to use. You have a fixed period, during which you need to somehow prove that the loss was due to the fault of the developers.
Despite a large amount of information, the bulk of it is of a marketing nature and no detailed technical specifications. Because of this, it is impossible to understand how effective the program is, and whether it can bring money in real conditions. Now for the price: the product costs $ 147 ($ 74 during the sales period) and is sold with a license for one real account.
Test results
The site has published several screenshots and there is a link to the MyFxbook service. High performance is declared everywhere, proving that over 9-11 years, the adviser can earn more than 321,000% interest: you take $5,000 → transfer this money to the Forex Combo System management → wait 11 years and get a net profit exceeding $16 million USA. Now, if we move around in the feet of the site, we will see a warning sign with the CFTC 4.41 rule. This means that all test studies were conducted on the history of the chart and have nothing to do with trading on the real market. That is, developers sell a product that they have never experienced in their own or investor capital.
A fragment of the statistical report on the work of the Forex Combo System: invest $5,000 and after 11 years, take away $16,000,000. These are fictitious amounts that in reality no one has ever received.
User reviews
It is not possible to draw any objective conclusions about the reviews since there are not so many users with user reviews. Most of the comments concerned only two points: if the account has less than $1000, then the money will be lost a day or earlier; if from $ 5000, then you can hold out within a week. The lack of reviews is compensated by numerous custom reviews, where the authors praise the adviser because of the generous referral program that allows you to get a 50% commission for each license sold.
Conclusion
Forex Combo System is an unsafe product, the purchase, and implementation of which will entail the risk of losing the entire trading account. Here are some of the main reasons that we relied on when forming a negative point of view:
- The robot is sold under the brand name “FXAutomater” – this is an unknown group of programmers who cannot confirm their qualifications and earn through the regular release of new advisers.
- There is no detailed description of the built-in algorithms that would allow drawing at least some conclusions about the process of using the found entry points.
- All statistics are modeled and has nothing to do with bidding for real money. In the user agreement, developers remove all risks and warn of the absence of any guarantees. At the same time, the danger lies in the fact that in statistical reports a stake is made for 9-11 years and developers can tell all dissenting users all the time about the need to be patient, invest more money and wait for the promised profit.