The Forex Combo one of the proven trading robots for forex trading with metatrader 4, which contains four strategies. This way, this robot will work effectively during any market condition. This forex metatrader robot is available for download and use completely free of charge!! Only on our website can a trader download the best free metatrader robots! Now a few words about what a Forex Combo expert Advisor is.
Forex Combo for Forex trading with metatrader 4
So, the Forex market is constantly moving from the flat stage to the trend stage. However, it is never known exactly when a flat or trend will start. And this is a problem, because the metatrader robots, which are designed for trading on the flat, make losses during the trend. And vice versa-Forex robots that are designed for trading during a trend will bring you losses during a flat.
The developers of the robot for forex trading with metatrader 4 effectively solved this problem – 4 trading strategies were included in the Forex Combo robot at once:
- Flat trading strategy (inside the price channel)
- Trading strategy on the trend (on price pullbacks)
- Trading strategy for breaking levels
- The trading strategy – scalping on the reversal of quotes.
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If you want a specific example of how this metatrader robot Forex Combo works, then here is an example of its profitable operation:
The results of testing Forex Combo metatrader 4 forex trading bot show that the expert advisor was able to earn about 200 euros over a period of 10 years. Note that the starting capital was only $ 200!! The currency pair on which the Forex Combo robot for forex trading with metatrader 4 was tested is the EURUSD.
Technical characteristics of forex metatrader robot Forex Combo.
- Timeframe for trading: M5
- Currency pairs for trading: EURUSD GBPUSD
- MT4 Trading Platform
- The account type for trading is ECN (Raw Spread).
- Recommended broker – ICMarkets
- Recommended leverage for trading: from 1: 30 or more.
How to use forex Metatrader bot Forex Combo
Before you start working, you need to install the Expert Advisor in the Meta Trader 4 trading terminal. To do this, download the Expert Advisor at the end of the article, unzip the archive and copy it to the root folder of the MetaTrader platform:
Restart your Metatrader 4 platform, open the chart of the EURUSD and GBPUSD currency pairs, and set the M5 timeframe for these windows. After that, drag the Forex Combo Expert Advisor with the appropriate name to the window of the EURUSD currency pair and to the window of the GBPUSD currency pair. Make sure that your auto-trade button on the platform is turned on, and the smiley face in the upper-right corner of the screen is turned on.
In the Expert Advisor settings, you can enable or disable a particular strategy. In the Use Fx Combo Scalping line, you can disable the scalping strategy. In the Use FX Combo breakout line, you can enable or disable the breakout strategy. In the Use FX Combo Reverse line, the counter trend strategy is enabled or disabled. The Use FX Combo EuroRange line is responsible for trading in the flat. You can also change your money management by enabling risky money management. If you enable the UseAgresiveMM line, you will allow the EA to open a double lot in case of a losing position. But in order for this to happen, you need to set the initial lot in the TradeMMSys parameters.
