Forex Combo System - Pip Cop

**rsmereka** · 2011-08-18, 12:22 PM

This review is about the Forex Combo System which I purchased through Birt's EA Review site (because of the bonus live account license). I have no affiliation with anyone in conjunction with this review.

This EA is expensive at $299. It contains three distinct strategies: a scalping strategy, a breakout strategy and a reversal strategy. The best write up on this EA (IMHO) is here at Birt's EA Review.

This EA is arguably the best trend

-following EA on the market right now. The author claims that the EA can incur five to six losses in a row with each loss at about 60-70 pips.

There are a large number of settings in this EA. Fortunately, the only ones that really need to be changed (for me anyway) are setting ECN to false and setting 5% risk on each strategy. You can allocate manual lots or MM with a specific risk value for each of the three strategies.

This EA can trade both EURUSD and GBPUSD on M5 charts. I placed both pairs along with my floating DD monitor EA ddmon on an Alpari UK demo account.
Link: http://www.myfxbook.com/members/rsmereka/forex-combo-system/151766

Rick

**rsmereka** · 2011-12-11, 06:22 PM

Reference

Rick

Merrygoround · 2012-01-26, 06:37 PM

On other forums it has been said more than once that Forex Combo System and TFOT are clones of one another. Allegedly they tend to open the same trades simultaneously. This Forex Combo System has a very bad performance however. Is it because Iticsoftware continued to tweak TFOT that it has better results?
I noticed myself that now and then the first face of Tfot opened a trade at the exact same time as WallStreet Forex. They must be using the same indicators, and yet they are different somehow. The only way to know this for sure, is by looking at the code (which is not allowed). So we will never know.

**rsmereka** · 2012-01-27, 11:47 AM

You and I talked about the issue of TFOT being like Forex Combo here starting on Dec 9th. You gave me the stock answer that I have seen around which is TFOT existed before Combo so it's more like Combo copied from TFOT.

I don't know about WallStreet as I have never researched/used it.

I don't know why I keep running Forex Combo. I guess I am hoping it will wake up and straighten itself out.

Rick