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ForexCOMBOSystem Guide v5.0 (4in1) NF

Forex Combo system 5.0
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0% found this document useful (0 votes)
351 views14 pages

ForexCOMBOSystem Guide v5.0 (4in1) NF

Forex Combo system 5.0
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 14

FOREXCOMBO SYSTEM v5.

0
4 in 1
With News Filter
User Guide &
Installation Manual

www.forex-combo.com
This product is developed by FXautomater (www.fxautomater.com)

How to Install and run FOREX COMBO SYSTEM


On Your Metatrader4 ( MT4 ) Trading Platform
1.Make sure your MetaTrader4 platform is closed.
2.Download your ForexCOMBOSystem_vXXX.ex4 and FCSXXX.dll files to a folder
on your computer.
3. Locate the ForexCOMBOSystem_vXXX.ex4 file. Rightmouse click on the file and
selectcopy.
4. Click open My Computer and then click open C Drive, or what ever letter drive
that contains your program files,then click open the Program Files folder.
5. Locate your MetaTrader4 folder and click it open. It will probably begin with the
name of your forex broker.
6. In the Metatrader4folder locate and open the Experts folder and paste the
ForexCOMBOSystem_vXXX.ex4 file in this folder. You can paste by selecting paste
from your edit menu or right mouse click and select paste. Repeat the same
procedure for the FCSXXX.dll file, but you should paste it in MetaTrader4 \
experts \ libraries folder.
(Instead steps 2 to 6 you can use the FOREX COMBO SYSTEM automatic
Installer)
7. You can now open the MetaTrader4 platform by clicking on the Terminal icon
located in your MetaTrader4 folder.
8. Once the MetaTrader4 platform is opened you can now open a chart for a currency
pair (EUR/USD or/and GBP/USD) by going to File on the Menu bar and choosing
New Chart. Then choose the time frameby going to Charts on the menu bar, then
Periodicity and then choose the time frame you wish to view (M5).

FOREX COMBO SYSTEM is designed to work on currency pairs


EUR/USD and GBP/USD (M5 chart)!
DO NOT USE FOREX COMBO SYSTEM ON OTHER CURRENCY PAIRS!
FOREX COMBO SYSTEM has proven to be effective and profitable for more than two years on the
EURUSD currency pair. The current live results for GBPUSD are still not convincing, compared to those
of the EURUSD. Therefore, we do not recommend using the robot on GBPUSD on a real account. You
can do it at your own discretion.

9. Now you are ready to place the FOREX COMBO SYSTEM on the chart. Go to
View on the Menu bar and choose Navigator.The Navigator window will appear. In the
Navigator window expand Expert Advisors or Indicators by double clicking it. You
should now see all the Expert Advisors including the one you just inserted. You can
now place it on the chart by 3 different methods. You can either double click on the
indicator or right mouse click on it and choose Attach to a Chart or you can drag it
onto the chart.

10. Once the Expert Advisor is placed on the chart, the Settings window will pop
up. Here you can view the default settings and adjust them if you need to. Make
sure on the Common tab you have the Allow live trading box checked.

11. After you have placed the Expert Advisor on the chart,in the upper right hand
corner of your chart you should see a smiley face. This means the Expert Advisor
is running. If you do not have a smiley face but see a frown or anx, then make sure
again that under Properties, the Allow Live Trading box is checked. If it is and still
you do not have a smiley face there is one more place to check. Go to Tools on the

menu bar and choose Options. A popupwill appear and select the Expert Advisors
Tab. Make sure the Enable Expert Advisors box and Allow LiveTrading box are
both checked. Your Expert Advisor is now ready to open, modify and close trades.

12. Allowing DLL Imports:


Right mouse click anywhereon the chart, select Expert Advisors -> Properties and
then in Common tab select as is shown below:

Click Tools->Options and then in Expert Advisors tab select as is shown below:

IMPORTANT: FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price
quotes.It is not necessary to change any parameters for 5 digits price quotes.

IMPORTANT: If your broker is ECN, or if you see ERROR 130 in the logs, you
should chose Use_ECN_Broker=TRUE in the expert advisors inputs.
IMPORTANT: If you are not sure, that the brokers GMT_Offset shown on the chart is
correct, please contact us!
IMPORTANT: You should always test your Expert Adviser on a Demo account first to
check if your broker is compatible with your current Expert Advisor!

NEVER TRADE ON REAL ACCOUNT WITHOUT TESTING ON DEMO FIRST !

13. Activate Your Copy


Your copy of FOREX COMBO SYSTEM should be activated for your real and demo
accounts through our website .You should login in Members Area:
http://forex-combo.com/member_area and then find the account activation window.
Type your account number in the field and click Activate Account. Repeat this
procedure for all accounts.
Your Forex COMBO System Member License is valid for Activation of 2 (two) Live
real money accounts and unlimited number of Demo practice trading accounts!
You are not tied to 1 PC! You are free to trade your accounts on any Computer at
home, office or VPS!

EVEN, IF YOU WANT TO BACKTEST FOREX COMBO SYSTEM, YOU SHOULD ACTIVATE
YOUR DEMO OR REAL ACCOUNT, WHICH YOU WANT TO USE FOR BACKTEST.

The online activation procedure may take some time. If you see that alert Online
validation is not passed ! more than 30 minutes, contact us at [email protected]

IMPORTANT: You should always test your Expert Adviser on a Demo account first to
check if your broker is compatible with your current Expert Advisor!

NEVER TRADE ON REAL ACCOUNT WITHOUT TESTING ON DEMO FIRST !

FOREX COMBO SYSTEM Settings


You can always edit the Expert Advisor settings by right mouse clicking anywhere on
the chart and choosingExpert Advisors and then Properties.

Use_FXCOMBO_Scalping true/false use or not FXCOMBO Scalping Strategy


Use_FXCOMBO_Breakout true/false use or not FXCOMBO Breakout Strategy
Use_FXCOMBO_Reversal true/false use or not FXCOMBO Reversal Strategy
Use_FXCOMBO_EuroRange true/false use or not FXCOMBO EuroRange
Strategy
Use_ECN_Execution true/false use or not ECN type of orders execution

Important note: Use_ECN_Broker=TRUE is compatible with both type of brokers.


If you are note sure about the type of your broker, use Use_ECN_Broker=TRUE!

Hidden_StopAndTarget true/false if is TRUE the StopLoss and TakeProfit will be


hidden from the broker
No_Hedge_Trades true/false if is TRUE an opposite trades will not be allowed
NFA_Compatibility true/false if is TRUE - full NFA no hedge/FIFO rules
compatibility. Use NFA_Compatibility=TRUE if your broker is NFA regulated!
CommentSys1 systems comment for FXCOMBO Scalping Strategy
CommentSys2 systems comment for FXCOMBO Breakout Strategy
CommentSys3 systems comment for FXCOMBO Reversal Strategy
CommentSys4 systems comment for FXCOMBO EuroRange Strategy

Magic1 unique identification number for FXCOMBO Scalping Strategy


Magic2 unique identification number for FXCOMBO Breakout Strategy
Magic3 unique identification number for FXCOMBO Reversal Strategy
Magic4 unique identification number for FXCOMBO EuroRange Strategy
It is very important to make sure, that all magic numbers are different. Check this twice,
because, if you have same magic numbers in different forex robots, this could be extremely
dangerous for your account!

MaxSPREAD maximal allowed spread for position opening


Slippage maximal allowed slippage for position opening
GMT Offset is very important parameter!!! - GMT (Greenwich Mean Time) offset of brokers server
time.

AutoGMT_Offset:
If AutoGMT_Offset = TRUE, the EA will calculate automatically the GMT Offset of
your broker.
If AutoGMT_Offset = FALSE, in this case you should chose by yourself the correct
GMT Offset in ManualGMT_Offset field.
ManualGMT_Offset In this field, you should chose the correct GMT Offset of your
broker by yourself, if AutoGMT_Offset=false, or if you want to make a backtest.
If you fail to set the GMT offset carefully you can get incorrect backtest results.

Ask your broker about their GMT Offset if you are not sure, or ask us.
Calculate_DST:
Calculate_DST=TRUE, when your broker changes its GMT offset during the summer
and winter (usually with +1 at the end of March and change it back to normal at the
end of October).
Calculate_DST=FALSE, when your broker has a permanent GMT Offset all the time
during the year.
INFO: DST - Daylight Saving Time often referred to as "Summer Time", "DST" or "Daylight Savings
Time" is a way of making better use of the daylight in the evenings by setting the clocks forward one
hour during the longer days of summer, and back again in the fall.

NOTE: If your Market Watch is frozen it is likely that the broker is closed for the
weekend and therefore the time displayed is not valid for calculating the GMT offset.
You should wait until your broker is open to set the proper GMT offset value. You
should also keep an eye on any possible switch from summer to wintertime which
occurs twice a year. Some brokers switch the time so you should adjust your GMT
offset again on these days.
UseAgresiveMM- true/false - toggles aggressive money management on and off per
singlefuture transaction. The purpose is to make up losses from past losing
transactions.Activatesonly if: UseAgresiveMM=true and TradeMMSys1(2,3,4)>0

EMAIL_Notification true/false - enable/disable email notifications.


How to configure your MT4 email setup you can find here:
http://www.youtube.com/results?search_query=mt4+email+setup&aq=0&oq=mt4+email

==== FXCOMBO Scalping MM Parameters ====


LotsSys1 - trading volume of FXCOMBO Scalping Strategy (works if
TradeMMSys1=0)
TradeMMSys1- at >0 values, activates automatic for FXCOMBO Scalping
Strategy(traded volume as a percentage of free margin)
LossFactorSys1 - trading volume multiples after a loss (works only with
UseAgresiveMM=true)

==== FXCOMBO Breakout MM Parameters ====


LotsSys2 - trading volume of FXCOMBO Breakout Strategy (works if
TradeMMSys2=0)
TradeMMSys2 - at >0 values, activates automatic for FXCOMBO Breakout
Strategy (traded volume as a percentage of free margin)
LossFactorSys2 - trading volume multiples after a loss (works only with
UseAgresiveMM=true)

==== FXCOMBO Reversal MM Parameters ====


LotsSys3 - trading volume of FXCOMBO Reversal Strategy (works if
TradeMMSys3=0)
TradeMMSys3 - at >0 values, activates automatic for FXCOMBO Reversal
Strategy (traded volume as a percentage of free margin)
LossFactorSys3 -trading volume multiples after a loss (works only with
UseAgresiveMM=true)

==== FXCOMBO EuroRange MM Parameters ====


LotsSys4 - trading volume of FXCOMBO EuroRange Strategy (works if
TradeMMSys4=0)
TradeMMSys4 - at >0 values, activates automatic for FXCOMBO EuroRange
Strategy (traded volume as a percentage of free margin)
LossFactorSys4 - trading volume multiples after a loss (works only with
UseAgresiveMM=true)

FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits price quotes.It is
not necessary to change any parameters for 5 digits price quotes.

==== Main MM Parameters ====


MMMax - maximum allowable trading volumes per transaction (as a percentage of
free margin)
MaximalLots - maximum allowable trading volumes per transaction

==== FXCOMBO Scalping System Parameters ====


StopLoss - StopLossfor system 1 (50-300)
TakeProfit - TakeProfitfor system 1(5-50)
TREND_STR - conditional trend strength gauge (0-100)
OSC_open - oscillator value for position opening (0 to 30)
OSC_close - oscillator value for position closing (0 to 30)

==== FXCOMBO Breakout System Parameters ====


TakeProfit_II - TakeProfitfor system 2(50-500)
StopLoss_II - StopLossfor system 2 (25-120)
MaxPipsTrailing2 - maximum allowable trailing stop value
MinPipsTrailing2 - minimum allowable trailing stop value
Break - breakthrough intensity
ATRTrailingFactor2 - trailing stops sensibility to the volatility
F_TrailingProfit_II - profit in pips for force trailing stop (F_Trailing_II) activation
F_Trailing_II - force trailing stop in pips if the positions profit is greater than
F_TrailingProfit_II
Use_Exp_Trailing_II - true/false -activates decreasing of the trailing stop, when the
profit of the position is increasing
Exp_Trail_Factor_II - factor of the trailing stop decreasing when
Use_Exp_Trailing_II = true

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==== FXCOMBO Reversal System Parameters ====

BegHourSys_III - trading opening time for system 3(0-24)


EndHourSys_III - trading closing hour for system 3(0-24)
TakeProfit_III - TakeProfitfor system 3(50-500)
StopLoss_III - StopLossfor system 3 (50-150)
MaxPipsTrailing3 - maximum allowable trailing stop value
MinPipsTrailing3 - minimum allowable trailing stop value
F_TrailingProfit_III - profit in pips for force trailing stop (F_Trailing_III) activation
F_Trailing_III - force trailing stop in pips if the positions profit is greater than
F_TrailingProfit_III
Use_Exp_Trailing_III - true/false - activates decreasing of the trailing stop, when the
profit of the position is increasing
Exp_Trail_Factor_III - factor of the trailing stop decreasing when
Use_Exp_Trailing_III = true

==== FXCOMBO EuroRange System Parameters ====


MaxRangePips - maximum allowed range width (30-200)
BreakPips - breakthrough intensity - can be a negative value (-20 to 20)
TargetPercent - take profit factor as a part of the detected range width (0.1-5.0)
StopLoss_IV - StopLoss for system 4 (10-100)
Use_Exp_Trailing_IV - true/false - activates decreasing of the trailing stop, when the
profit of the position is increasing
Exp_Trail_Factor_IV - factor of the trailing stop decreasing when
Use_Exp_Trailing_III = true
ReverseTF - the time frame on which we detect a reversing bar for position exit
ExitProfit - profit in pips for position exit, if reversing bar is detected

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==== News Filter Settings ====


The News Filter function is disabled by default. This function is created by a request
of many FOREX COMBO users. It is your personal choice whether, or not to activate
this function. The News Filter function can increase the profit factor of the system and
reduce the drawdown, but also can reduce the number of the trades and the total
profit.
Include_Medium_News true/false include, or not the medium impact news. The
high impact news are included by default.
Wait_Before_News the amount of minutes, before the news release, when the
trading will be disabled.
Wait_After_News the amount of minutes, after the news release, when the trading
will be enabled.
NewsFilterSys1 true/false use or not the News Filter function for system 1.
NewsFilterSys2 true/false use or not the News Filter function for system 2.
NewsFilterSys3 true/false use or not the News Filter function for system 3.
NewsFilterSys4 true/false use or not the News Filter function for system 4.

WHAT YOU MUST HAVE IN MIND WHEN TRADING


WITH FOREX COMBO SYSTEM
- On no account would we recommend your intervening in, or assuming control of,
transactions opened and managed by FOREX COMBO SYSTEM. Each transaction
is complete with StopLoss and TakeProfit orders which have supplementary
protective functions in case of any communications breakdowns or power outages.
- Problem-free FOREX COMBO SYSTEM performance requires that the computer,
the platforms (MetaTrader4) on which the expert runs and the expert itself runs, to
work around the clock five days a week from market opening on Mondays to market
close on Fridays. The most stable internet connection possible is required, and it is
also recommended that the computer used is protected against power spikes and
outages.

WHAT YOU SHOULD DO, WHEN


FOREX COMBO SYSTEM IS STARTED

The only thing you should do after starting the EA is to select a value for the
"LotsSys1 (2,3,4)" or TradeMMSys1(2,3,4) parameter. If you wish, you can try
FOREX COMBO SYSTEM on a demo account, or you can trade with less significant
volumes at first.
We recommend you to select trading volumes in which five or six consecutive losses
of 60-70 pips (StopLoss) should not represent a problem for your account.

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IMPORTANT:You should always test your Expert Adviser on a Demo account first to
check if your broker is compatible with your current Expert Advisor!

NEVER TRADE ON REAL ACCOUNT WITHOUT TESTING ON DEMO FIRST !

We recommend as absolute minimum $1000 account for trading


with volume 0.1 lot (10,000), and $10000 account for trading with
volume 1.0 lot (100,000).
IF YOU WISH TO MAKE USE OF THE EAS AUTOMATIC MONEY
MANAGEMENT, YOU WILL FIND THIS INFORMATION USEFUL
Case 1: If you set a parameter of TradeMMSys1(2,3,4)=0, the EA will trade with
volume = parameter Lots (defaults Lots=0.1)

RECOMMENDABLE
Case 2: If you set a parameter of TradeMMSys1(2,3,4)=2, the EA will trade at
relatively low risk = 2 per cent of your account per individual trade.

RECOMMENDABLE
Case 3: If you set a parameter of TradeMMSys1(2,3,4)=5, the EA will trade at
relatively normal risk = 5 per cent of your account per individual trade.

NOT RECOMMENDABLE
Case 4: If you set a parameter of TradeMMSys1(2,3,4)=10, the EA will trade at
relatively high risk = 10 per cent of your account per individual trade.

For example, if you have a USD 10,000 account, then:


- In case 2 (2 per cent risk) the EA will open 0.2 lot positions (20,000)
- In case 3 (5 per cent risk) the EA will open 0.5 lot positions (50,000)
- In case 4 (10 per cent risk) the EA will open 1.0 lot positions (100,000).

If you open a new account and this copy of the EA does not work on your new
account, please contact us and we will send you another copy of the EA.

Please remember that the EA will not function if MetaTrader4 closes, the
computer shuts down or your internet connection trips out.
IMPORTANT:FOREX COMBO SYSTEM will work on any broker with 4 or 5 digits
price quotes.It is not necessary to change any parameters for 5 digits price quotes.

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IMPORTANT: If your broker is ECN, or if you see ERROR130 in the logs, you should
chose Use_ECN_Broker=TRUE in the expert advisors inputs.
IMPORTANT: If you are not sure, that the brokers GMT_Offset shown on the chart is
correct, please contact us!
IMPORTANT: If you want to make a back-test of FOREX COMBO SYSTEM, you
should type right GMT_Offset_TestMode (the GMT offset of your brokers trading
server) in the EA inputs parameters. If you are not sure about your brokers GMT
offset, ask us!

FOREX COMBO SYSTEM is designed to work on currency pairs


EUR/USD and GBP/USD (M5 chart)!
DO NOT USE FOREX COMBO SYSTEM ON OTHER CURRENCY PAIRS!

IMPORTANT:You should always test your Expert Adviser on a Demo account first to
check if your broker is compatible with your current Expert Advisor!

NEVER TRADE ON REAL ACCOUNT WITHOUT TESTING ON DEMO FIRST !

If you have any questions please contact us at:

[email protected]
We wish you successful trading!
Risk Disclosure:
You should be aware that trading Foreign Exchange carries a high level of risk, and you can lose some or all of your investment.
The high degree of leverage that is often obtainable in forex trading, can work against you as well as for you. The use of
leverage can lead to large losses as well as large gains. You must be aware of the risks and be willing to accept them in order
to invest in the futures and options markets. Don't trade with money you can't afford to lose.
Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is
likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical
performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of
hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical
trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading
losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.
By using FOREX COMBO SYSTEM, you acknowledge that you are familiar with these risks and that you are solely responsible
for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of
this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.

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