Forex COMBO System OLD Discussion

Hello Mike,

In ZuluTrade I am using mostly the scalping FOREX COMBO subsystem on EURUSD and GBPUSD with a little different settings. Most of the subscribers closes by hand, if there is a profit more then 20-30 pips. Because of this I decide to use only the scalping subsystem at the beginning.

The video back test is only for demonstration purposes. If you start FOREX COMBO SYSTEM on M1, M5 or H4, there should not be a difference.

Thank you!

Best regards!

4xfreak posted:
    

fxcombo posted:
    The exact words in my website are 'LIVE RESULTS'. Is that 'LIVE RESULTS' for you? If yes, what is your point?

The point is you are excellent 'MARKETER' as most Advertising is misleading you should probably clarify when asked to CLARIFY !! Not even in you explaination to me here did you CLARIFY. If this EA is so great WHY are you not using it with REAL MONEY? For me personally I will be waiting to see you put your MONEY where your MOUTH is!!

REAL MONEY testing BEFORE you get any real money from my pocket :~)

   

There are two account types: live and demo and I completely agree with 4xfreak and Steve that the FXautomater is not very fair to the interested people. Live resuts means real money results, demo results are virtual money results. And yes, if you're so confident put some real money?

For me there is 3 ways of testing :

Backtesting.
Live Demo
and
Live Real.

So yes it s a Live Demo, and it will be great to have Live Real :)
Why he wants to share (sell) it.
It s easy to understand :
- Instant money (it s a long term stratégie so he'll have to wait months before earning great money)
- Risk Free ( there is always a risk in forex !)
- Not changing anything for him to have other traders using the same strategie.

I bought it, i m testing live demo also.
Here a link of someone testing it on Live Real :
https://www.myfxbook.com/members/hawkfx/forex-combo-real-fxopen/51537

Sincerely

Thank you Sbenben92!

Yes, there is two types of results - Back Test results and Live Results (demo or real). So, when I am telling 'LIVE RESULTS' this correspond to the true.

Nevertheless, I will share very soon a real money account managed with FOREX COMBO SYSTEM.

I respect all your opinions, but if my presentation is less attractive I can not sell a single copy, because the concurrency is much more unscrupulous and aggressive than I am.

Regards!

Yes, you shoud've shown real account live results before you start selling your EA. The other con is your demo live results are from Alpari UK which we all perfectly know have much tighter spreads than normal bokers. Selling an EA yet unproven on real account is unfair, mean and puts you in a very bad postion as a seller. I agree on the fact that you at least show some live results and your site is very clean from marketing hype which is very positive compared to your competitors. So hurry up, a honest seller must show real account results which is to show us not that it's profitable but to show us you trust your EA and we can trust it as well.

Thanks FxAutomater for the info.

1) I see in the comments section of the trades a 1, 2 or 3. Which strategy do they each pertain to?

2) And when you mention scalping in your Zultutrade account, are you talking about the scalping
strategy of the FX Combo EA or the WPR Pro Scalper EA?

Thanks again. Just a side note: I must say that I am impressed with your follow up with me and
all the other people that are asking you questions. All this takes time and so far I can see that you
are dedicated to helping people make money as well as yourself. There is nothing wrong with
that. I believe in the law of attraction and law of abundance. I can see that when you help
enough people get what they want, you in turn will get what you want.

I see the main theme of most of the posts are from people who want to see live results and I do
see that you will be doing that. You may want to try ATCBrokers.com since they have excellent
spreads.

Mike

I purchased this product 2 weeks ago I think the system is not spread dependant, I started a real micro account on fxopen:

https://www.myfxbook.com/members/hawkfx/forex-combo-real-fxopen/51537

And a demo on EXNESS (spreads are the same on real):

https://www.myfxbook.com/members/hawkfx/forex-combo-demo/48701

If you look the results are very similar to this one and spreads are different.

Mike, about your first question:

==1== - Scalping strategy
==2== - Breakout strategy
==3== - Reversal strategy

About your second question:

Because I see that the people are confused, from Monday I will start in ZuluTrade's FX COMBO exact the same FOREX COMBO's systems and settings like these on that demo.

As well, this week I will start $2500 real money PAMM account in Alpari, with the same systems and settings and I will publish this account also here in myfxbook.

I will try to update recently the latest FOREX COMBO SYSTEM version with the latest settings in all these places.

Thank you hawkfx!

Regards!

Hi FXautomater,

can you tell me what is the difference between the v1.45 and the new v1.46 please ?

Thanks.

Hello,

There is no difference in the trading rules. If you are our customer, you can ask your questions at: [email protected].

Regards!

my impression is, on the breakout subsystem the trailing stop doesnt work properly. I dont see it kicking in, even when there is already a profit of more than 100 pips..😲

I'm agree with you ForexPro. I also think that an ameliration could be made. For example, half out of position at the start of the trailing stop (100 pips) and keep the other half for the trailing stop...

For the actual trade, there was almost up 200 pips and if we see the current stop loss, the potential gain is around 46 pips !

Yes I also think the trailing stop should be improved, rigth now I'm manual moving SL

Hello to everyone,

All this depends to the trailing stop settings. If you do not like the default trailing stop settings you can make some tests and chose the trailing stop settings by yourself. Of course we do not recommend this, because our settings are result of many tests and observations, as well this settings are proved in forward live trading.

There is two ways for the trailing stop:
1. A sensitive, tight trailing - this trailing will be activated frequently and you will miss some very big market moves.
2. A less insensitive, wide trailing - this trailing is less effective in weak market moves, but in strong trend with this trailing we can take more then 200 pips. With the thin trailing this is impossible.

Unfortunately there is no perfect way. The forex trading is a game of possibilities.

At the moment we are working over a new more secure and sensitive version of FOREX COMBO SYSTEM and this version will be available to all our purchasers for free, probably after a month.

Regards!

Trailing stops are a difficult thing to get right. I've tried various strategies over time and never quite got one that I'm happy with.

For trend following I generally settle for a combination of moving the stop up to a recent high/low but also moving the stop if the price moves by a certain number of pips in order to lock in some profit. I sometimes even have three of these so called 'jumping' stops.
I've found this method to be about the most useful for this type of movement as it nicely follows a trend if it rises smoothly over time but also manages to capture some good pips if there is a sudden market move followed by a retrace.

Hi Fxautomator,

As per my manual trading trailing stop ways, I think if you can improve the current Trailing stops as follows, your Forex Combo EA, next version will be more profitable, and fewer losses on the Breakout and Countertrend systems:

1. Breakout systems: As we all know, some breakouts are real, and move very fast, strong in one direction for 100 pips or over within that day easily.

So, to avoid losing trades and lock in certain profit pips on false breakout days, when market price moves in the correct direction of the EA's trade for 40 pips, move stop loss to Breakeven point / entry price. This is to avoid sudden losses on false breakouts.

When EA continues to move another 40 - 50 pips profit (so, totally around 80 - 90 pips profit up to this moment), Traling stop will move and lock in 40 pips profit, and each time, the market continues to move another new 40 - 50 pips, the EA just move trailing stop to lock in a new 40 pips profit.

So, in short, the EA should move trailing stop to lock in a new 40 pips profit and keep the distance of 40 - 50 pips from the new, current market price. I think that 40 - 50 pips away from current market price is to give enough room for the market to breath, relax a little bit before it continues to move in the correct, major trend of that day.

+ Another solution is that when market moves in correct direction of the EA's trade for 40 - 50 pips, Trailing stop will move to Breakeven point / entry price. When market continues to move another 40 pips (up to this moment, the EA has made 80 - 90 pips profit already), then, the EA will close 50% (or 70% or 80%) of total lot size at 80 - 90 pips profit, and trail the remaining 50% or 70% or 80% lot size to lock in a new 40 pips profit (at the price that the EA has closed the 50%, 70% or 80% lot size), then it just trail stop loss when market continues to move another new 40 - 50 pips, etc.

So, with this way of closing either 50%, or 70%, or 80% lot size, we can always guarantee to book a good sum of pips profit (it means a good sum of profit money in our pocket). So, the account balance is always increasing day after day, week after week, and so, the new trade will have bigger lot size (because equity and account balance have increased considerably). Also, we will not feel sad / unhappy when seeing the EA (current version of Forex Combo EA) is not intelligent like us / human beings, because the EA is smart enough to close a certain % lot size to book in certain profits for us each time it places a trade.

2. Countertrend system: This is a dangerous and risky strategy, but at same time, it can make us some nice profits because market often retraces when it rally upwards, or goes downward strongly.

So, to avoid losses (which happens very often with this strategy), when the market price moves in correct direction of this countertrend strategy for 30 - 35 pips, the EA should trail stop loss to protect 10 pips profit immediately. So, at any time when market continues to move in major trend, the trade has already locked in 10 pips profit. Each time the market moves another new 30 - 35 pips profit, the EA will trai stop loss another new 30 - 35 pips profit, and always keep the distance of 30 - 35 pips from the current market price.

So, how do you think of my above suggestions? I have been very successful in my manual trading with this way of locking pip profits, and closing 50% (but I often close 80% of total lot size to be opened because I want to increase my account balance and equity fast each time I make a profitable trade) of total opened lot size.

I never feel sorry or regretful when seeing market continues to move more and I can make more profits if I don't close out 80% of total opened lot size, because my motto is: DO NOT MAKE A WINNING TRADE BECOME A LOSING TRADE, AND DO NOT OUR HARD-EARNED PROFITS RETURNED BACK TO THE MARKET. ALWAYS MAKE SOME AND CONSTANT, CONSISTENT PROFIT EVERYDAY (Remember Warren Buffet's famous similar saying on this capital protection in order to get wealth).

I hope that my ideas and suggestions can make some contributions to your next version of Forex Combo EA.

I believe you will have more and more clients when your next version can be improved on the trailing stop issue, and I opine that my above ideas and suggestions will be highly agreed by all pro traders.

Best regards,
James

stevetrade posted:
    I have to say the fact that you don't even run it on a small account live kind of makes a mockery of your claim to have '10 Years proven forex profits'

Where is the account with these 10 years of proven forex profits?

Please don't tell me that your backtests are the proven profits.

I agree with this, why not a LIVE REAL MONEY ACCOUNT?

A DEMO means nothing and shows how much a developer/vendor trusts on his own product.

https://www.myfxbook.com/portfolio/forex-combo-system-pamm-account/52362

OK, that's a verified live account just started.

BTW Be aware of this user 'Jarora' watching your system, He and others are 'EA hunters', they take the work to crack
commercial EAs and then share them illegally in forums, that's why my great EA v2.2 and future updates won' be available to the public again, indeed these people inspired me to do this 😄.