Forex Combo
The Forex Combo trading advisor is one of the brightest new products of 2012.
The advisor's algorithm included 4 different strategies. Agree, the market is often either in a flat or in a trend. So why not add a flat trading strategy?
Of course, we can say that during a trend, the flat strategy does not work, but the developers went further and added a scalping strategy and a level breakout strategy.
Perhaps, alone, the strategies will be unprofitable at different periods, but by combining them, the author of the advisor has achieved a kind of hedging.
While one strategy fails, the other three make a profit. I also personally met a lot of modifications of the expert, where some craftsmen attached a martingale making it extremely profitable.
Before starting work, the advisor must be installed in the Meta Trader 4 trading terminal. To do this, download the advisor at the end of the article and place it in the exspert folder through the data directory in your trading terminal. Then you need to restart the terminal. Next, you need to find this advisor in the list and place it on a five-minute chart.
The advisor works with the euro/dollar and pound/dollar pairs on a five-minute chart. But personally, I conducted various tests on higher time frames, and it seemed to me that the adviser feels better on them. Another important feature of this expert is that it confidently passes testing in the period from 2007 to 2012. The period from 2007 to 2010 is considered especially difficult, since very few advisors survive in it. See the test results for this period below:
In the advisor settings, you can enable or disable this or that strategy. In the Use Fx Combo Scalping line you can turn off the scalping strategy. In the Use FX Combo breakout line you can enable or disable the breakout strategy. In the Use FX Combo Reversal line, the counter trend strategy is turned on or off. The Use FX Combo EuroRange line is responsible for flat trading. You can also change money management by enabling risky money management . If you enable the UseAgresiveMM line you will allow the advisor to open a double lot in case of a losing position. But in order for this to happen, it is necessary to set the initial lot in the TradeMMSys parameters.
To begin with, I decided to conduct a test on the euro/dollar currency pair with default settings (2012) for the period from January 1, 2015 to May 14, 2015. You can see the result on the graph:
As you can see, in five months the advisor not only didn’t lose money on the old settings, but also tried to earn something. Next, I decided to do the same test, but enabled UseAgresiveMM, and specified 2 in the settings of the initial lot. The result surprised me even more:
The profit for four months was 124 percent, but the drawdown also reached 65 percent. This method is very risky, so I recommend that you do not use it.
Of course, if you optimize the settings of the advisor, it will show more stable profits, but the very fact that the advisor with outdated settings did not drain the account speaks of its potential profitability. Before you decide to put the advisor to test on a real account, I recommend watching its trading for a week on a cent account . Only a test on real money can show the actual state of affairs. Thank you for your attention and follow the trend)