Its been over one year since the launch of Forex Combo System and its live performance has been very good in spite of the hard times many Forex trading strategies have been through. Forex Combo System has proven to be a very solid expert advisor and ever since the inception of the EA Top . it managed to always hold a good spot. Out of all the Forex robots that have seen the the readers browsers on my website, it is probably the most steadily profitable system. Even though it seemed to need nothing more to be a truly versatile automated Forex strategy, the vendor shows us that the system is still being improved: the ending month of the year brought an unexpected gift to all its users, a new major version that incorporates a whole new strategy, bringing the total count to four different strategies in a single product, rivaling an EA portfolio.

If you dont already have it, it might be a good idea to consider getting it now:

Buy Forex Combo System

For those buying via the giant link above this paragraph instead of 2 live accounts you will get 3 (by contacting the vendor after the purchase and mentioning you bought through eareview). This deal is exclusive to eareview.net.

Some of you might know that Im using the Forex Combo System license to its full extent and running three different live accounts with it. The first one was started in September 2010 and its only running the EURUSD EA:

The second was started when the GBPUSD version was launched, in March 2011. I had a hunch that the GBPUSD EA performance wouldnt be on par with that of its EURUSD counterpart, so I decided to run it separately. This account is only running the GBPUSD EA:

Finally, the third account was started soon after the launch of the EA Top Best Forex Robot page in August 2011 because many people were wondering why are there two separate Forex Combo System accounts in there. This version is running both the EURUSD and the GBPUSD EA:

Before we dive in, let me explain the whole thing with the 4th strategy, named EuroRange. Its a rather simple system: it tries to capture the (rather large) price movements that occur during the European session by identifying an existing trend and opening a long or short position at 7AM GMT, a position with a relatively tight stop loss (

50 pips for EURUSD, 60 pips for GBPUSD) that gets a trailing stop once it goes into profit.

So, before applying the new update to my Forex Combo System accounts, I set out to find out more about the new strategy, about what changed in the other strategies and to see which accounts should I upgrade and what should I expect after upgrading. Since the new version was launched very recently, theres no better way to find this out than backtesting so I defined a suite of tests that I wanted to run and went ahead with it. Given the current backtesting speed of the robot, which was somewhat reduced in the new version, it took about a couple of weeks but the whole ordeal is finally done and the results are here for your viewing pleasure.

I was planning to revise my original Forex Combo System review and update it with the new version backtests as I did in the past when new versions were released, but given the number of backtests that I ran for this new version, I felt it would clutter it to a point where nothing would be clearly understandable anymore so I decided to simply write a new post instead, but Ill keep it on the short side since its Christmas today.

As I usually proceed, I started with the history center data backtests, starting from 1999 and ending with 2011.

Metaquotes history center data backtests

For all the history center data testing, the spread was set to 1.5 for EURUSD and 2.0 for GBPUSD and the GMT offset was 2 with DST enabled. As many of you know, some 2011 data is missing from the Metaquotes history center (about 3 months), so the backtests will also miss that part.

EURUSD history center data

All 4 strategies, EURUSD history center data