Forex Combo System
Forex Combo System — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. It can hold buy and sell positions together, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example A (default ====================), Use FXCOMBO Scalping (default true) and Use FXCOMBO Breakout (default true). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Forex Combo System
Forex Combo System is an expert advisor (trading robot) for MetaTrader 4. It can hold buy and sell positions at the same time (hedging), moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 40 settings, such as A, Use fxcombo scalping and Use fxcombo breakout. MQL source code included.
It also can size trades from your balance and risk percent, is built for short scalping trades and trades breakouts.
Files in the download: FCS20.dll, ForexCOMBOSystem_2.1.mq4, ForexCOMBOSystem_2.2.mq4, ForexCOMBOSystem_Guide.pdf, ForexCOMBOSystem_2.1 (1).rar.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| A | ==================== | |
| Use fxcombo scalping | true | |
| Use fxcombo breakout | true | |
| Use fxcombo reversal | true | |
| B | ==================== | |
| Use ecn execution | true | |
| Hiden stop and target | false | |
| No hedge trades | false | |
| Nfa compatibility | false | |
| C | ==================== | |
| Comment sys1 | *** 1 *** | Comment written on the orders |
| Comment sys2 | *** 2 *** | Comment written on the orders |
| Comment sys3 | *** 3 *** | Comment written on the orders |
| D | ==================== | |
| Magic1 | 111 | Magic number that tells this EA's orders apart |
| Magic2 | 222 | Magic number that tells this EA's orders apart |
| Magic3 | 333 | Magic number that tells this EA's orders apart |
| E | ==================== | |
| Max spread | 4 | Maximum spread allowed to trade |
| Slippage | 2 | Maximum slippage allowed when opening a trade |
| Auto gmt offset | true | |
| Gmt offset test mode | 2 | |
| Use agresive mm | false | |
| Mm sys1 | ==== FXCOMBO Scalping MM Parameters ==== | |
| Lots sys1 | 0.1 | |
| Trade mm sys1 | 0 | |
| Loss factor sys1 | 2 | |
| Mm sys2 | ==== FXCOMBO Breakout MM Parameters ==== | |
| Lots sys2 | 0.1 | |
| Trade mm sys2 | 0 | |
| Loss factor sys2 | 2 | |
| Mm sys3 | ==== FXCOMBO Reversal MM Parameters ==== | |
| Lots sys3 | 0.1 | |
| Trade mm sys3 | 0 | |
| Loss factor sys3 | 2 | |
| Common mm | ==== Main MM Parameters ==== | |
| Mm max | 20 | |
| Maximal lots | 50 | |
| Scalping | ==== FXCOMBO Scalping System Parameters | |
| Stop loss | 110 | Stop loss distance |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Hedging · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · Scalping · Breakout · MT4 Expert Advisor · MQL4 Source Code