FOREX COMBO SYSTEM Myfxbook Live Performance:

https://www.myfxbook.com/portfolio/forex-combo-system/41297

Nice, your link is this by the way.

https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297

Thank you! My mistake 😄

Could you post a backtest with a maximum 1.0 lot (100'000 units)?

Isn't very hard to program: (I'm not in any way suggesting you don't know how, it's for everyone to see)

extern double MaxLot = 1.0;

.....

after your lotscalculation:

if(calculatedlot > MaxLot)
   {
   calculatedlot = MaxLot;
   }


Cheers

Soeren

P.S. I'm sure it's no problem for you, it's just that 99'999 lots a little too big for the market :-)

I think there are 1 lot backtests on the website Soeren

I can't really find one of this system Steve.😉

Cheers

Soeren

There are backtests of the three individual components and then a combined backtest for the strategies. The actual trade history isn't up there but the header details from the backtest is there.

Thank you Steve :)

Aahh, my fault, I thought You meant this site, not his site. [smile]

I do have a few problems though, concerning the correctness of the test.

As I see it, myfxbook returns the maximal drawdown in % as the biggest $loss from current balance, instead of the actual maximal relative drawdown(floating loss), which you get from the header.

Forexautomater is selling a product, revealing numerous statements:

1) '10 years proven forex profits' - Since when was a 10y backtest a proof?
2) 'Endorsed by industry professionals' - hmm, who, and which industry?
3) 'Guaranteed succes using these systems' - that means he's giving us our money back next year when our accounts are dry?
4) '100% long-term profits consistently and systematically' - just remember to read all the grey tiny letter-size lines at the end of the page, please.
5) On the 'Fixed 1-lot test', 'Maximal drawdown: 3.39%', yeah, the maximal RELATIVE drawdown is 45.90%! and 56.21%!! on a 'relatively normal risk trades: 5% of risk capital per transaction'.
6) 'FOREX COMBO SYSTEM LIVE STATEMENT:' linking to an Alpari demo-account with the best spreads in the world and instant execution.

I'm not saying my system is any better than his, I'm not a professional. BUT, I'm not selling an Expert Advisor for 299$😉

Soeren, as you know the FOREX trading is for grown-up people, familiar with the risks. I am 100% sure that FOREX COMBO SYSTEM is long-term profitable product. I do not see anything wrong to sell it. If you compare my presentation with 99% of the presentations of the commercial forex robots, you must admit that my presentation is very conservative.

Regards!

I know Forex trading is for grown-ups, that's why I'm only risking approx. 50$ while learning.

You may be 100% sure, that you system is profitable in the long run, but, conservative or not, your statements are quite similar to 99% of the commercial robots on the market that doesn't work on a real, live money-account:

GridsForPips posted:

1) '10 years proven forex profits' - Since when was a 10y backtest a proof?
2) 'Endorsed by industry professionals' - hmm, who, and which industry?
3) 'Guaranteed succes using these systems' - that means he's giving us our money back next year when our accounts are dry?
4) '100% long-term profits consistently and systematically' - just remember to read all the grey tiny letter-size lines at the end of the page, please.
5) On the 'Fixed 1-lot test', 'Maximal drawdown: 3.39%', yeah, the maximal RELATIVE drawdown is 45.90%! and 56.21%!! on a 'relatively normal risk trades: 5% of risk capital per transaction'.
6) 'FOREX COMBO SYSTEM LIVE STATEMENT:' linking to an Alpari demo-account with the best spreads in the world and instant execution.

I'm not saying my system is any better than Yours, I'm not a professional. BUT, I'm not selling an Expert Advisor for 299$😉

I'm sorry, but in my opinion, that's all sales hype, and a lot of your possible buyers forget to read the whole story ending up with a product that might not work (on a real, live moneyaccount, forwardtested for at least 12 months)!

Hope to see you on a real account, a cents- or mini-account would be just fine, for the next 12 months. THEN I'll be happy to purchase your EA (if I'm not satisfied with my own 😉).

Soeren, thank you for your opinion! It is reasonable. But if you are experienced with the expert advisors trading like I am, you should know, if the strategy is not an aggressive 1-2 pips or news trading scalper, the difference between demo and real with a decent broker is insignificant .
 
By the way, this is my other strategy this time on live real money account:

https://www.myfxbook.com/portfolio/wpr-pro-scalper-fxdd-real/45679

Regards!

That one isn't actually making me feel any better...

Now you advertise a scalper that, from what I can see, sets a 300 pip SL! trading 4 currencypairs with 0.1 lots taking 1200$ loss if they all hit the red marker...

I know 25% profit a month is very nice, but taking 50% capital risk on a single trade is not safe long-term trading, that's gambling!

But I'll wait and see in 8 months, it'll be fun for you laughing in my face, bringing home the profits.😉

Soeren

Soeren, please do not worry about me! I have a huge experience with the experts advisors development and trading, so I know very good what I am doing. About the 300 pips SL - this is only for force major circumstances. I use position exits rules in more then 99% of the positions. Of course there are risks in the FOREX trading, but you should know this.

Fxautomate I sent you an email. I saw on ebay you sell 3 months license. I run several EA's and I want to test yours, and I'm willing to post my performance here.

I have received on my email, the publicity of a product, denominated FX Combo-EA, very similar to yours but in sale to an inferior price. The link is the following: https://www.fxcombo-ea.com/:
is it the same your product or no?

I hope that this signaling of mine doesn't create prejudice to anybody!

Thank you and best regards.

Frankalde

No, this is a completely different product. Only the names are similar. Unfortunately that is the Internet. Thank you for your notice!

Fxautomater,

what a fantastic system, let me ask you, why you selling it? It didnt reach the zillion dollars you were hoping for? lol

I am 100% certain your programs dont work that good on live accounts, i am willing to put money with you to prove it wrong, would you like to take up the challenge?

Of course the back tests are not the same with the real trading. Here you can see some live results:

https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297