Forex Germany

Expert Advisors - FE Combo

FE Combo is a cluster of Expert Advisors trading around the clock, with the inherent EAs using different trend following strategies. Those strategies are currently offered in the form of FE Combo package..

FE Combo Scalper opens two positions simultaneously, though using different take profit limits, while the stop loss limit remains the same for both positions. Sometimes it may happen that the EA will open further positions, although the previous positions have not yet been closed, this can be fine-tuned by the relevant parameters in the setup. Based on the backtests, the risk reward ratio reaches a level of less than 3:1 which is a quite good level for scalpers.

FE Combo Machine uses a quick trade approach as well and trades according to the direction of the respective trend if the price retraces to a certain resistance level. By default the EA opens up to three trades at the same time. Based on the backtests, the risk reward ratio is about 4:1 which is good for a scalper.

FE Combo Fibo trades in the direction of the main trend if certain Fobonnaci levels are reached or crossed. The risk-reward-ratio of just 1:1.5 is a good value though slightly impaired by a hit ratio of just about 45%.

FE Combo Vola is a strategy driven by short-term volatility with the objective to identify new and amplifying trends. The risk-reward-ratio of about 1:1 comes along with a hit ratio of 50%.

All trading strategies provide money management and various settings for the adjustment of trading times. The trading parameters of the strategies can be freely adapted as well. By using default settings, the risk per trade ranges from 0.35% to 1.0% depending on the sub-strategy.

A Monte-Carlo-Simulation, based on backtests, with a fixed lot size, a starting balance of EUR 1.000 and 100.000 iterations shows the following results for expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.

Strategy Profit Drawdown Value at Risk
max min Ø max min Ø 95% 99%
All 12,042.24 6,018.80 9,067.25 32.69% 0.86% 4.27% 11.64% 16.59%
Scalper 2,356.71 488.58 1,417.10 26.58% 1.44% 5.69% 9.95% 13.00%
Machine 4,346.53 1,810.48 3,125.97 24.32% 1.09% 4.39% 8.84% 11.60%
Fibo 1,978.20 4.50 1,005.88 35.69% 1.93% 7.61% 13.14% 16.98%
Vola 6,497.89 918.65 3,695.67 63.31% 1.96% 10.25% 22.12% 30.16%

Trading strategy

Trend follower.

Currency pairs




Trading hours

All sessions.
00:00 - 24:00 GMT


EUR 149 per year.
Payment through Click2Sell.
If the below stated buy-now link is used, a 10% discount is automatically applied.

Return policy

The developers do not grant expressively a right to return, but refer to the German Distance Selling Act enforcing a 14 days refund period. However, it is still disputed whether this covers downloaded software as well.


A licence is valid for one live and five demo accounts up to an account balance of USD 15,000. The licence can be managed in the customer area of the developers' website. Additional licences as well as account balance extensions are available in the customer area as well.


Short manuals with about 4 pages each explain the installation and set up of the EAs as well as the input parameters and their impact.


FE Combo Homepage


The performance of some of FE Combo is demonstrated, as follows, on an exclusive FinFX ECN demo account and on a live account of the developers.


Backtests for FE Combo as well as the included strategies for the period 2009 - 2013 are shown below.

FE Combo, years 2009 - 2013, spread: 2 pips, risk: default

FE Combo - Backtesting 2010 - 2013

FE Combo, years 2009 - 2013, spread: 2 pips, lots: default

FE Combo - Backtesting 2010 - 2013

FE Combo Scalper, years 2009 - 2013, spread: 2 pips, risk: 0.75%

FE Trend Scalper - Backtesting 2010 - 2013

FE Combo Machine, years 2009 - 2013, spread: 2 pips, risk: 1.00%

FE Trade Machine - Backtesting 2010 - 2013

FE Combo Fibo, years 2009 - 2013, spread: 2 pips, risk: 0.35%

FE Trend Fibo - Backtesting 2010 - 2013

FE Combo Vola, years 2009 - 2013, spread: 2 pips, risk: 0.60%

FE Trend Vola - Backtesting 2010 - 2013

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