The forex combo expert advisor is known for its reliability after being backtested in demo accounts. According to traders that have come across this EA, it is quite almost as good as it tends to be in demo trading, and they advise that traders should not be scared to go ahead and use them in their live trades.
There are quite different versions of the forex combo; which were already in existence before the creation of the forex combo 3 0 and 4 0. Even though a lot of traders seem to give positive reviews about the forex combo 3 0, it is important that traders, especially less experienced ones, take their time to understand the general basics of an expert advisor, practice with them in a demo account, before going ahead to use it in their live trades. This is not all, but it sure will help anyone get on the path to trading the forex market with the forex combo 3 0.
WHAT IS FOREX COMBO 3 0?
Simply put, it is an expert advisor, whose basic function is to carry out any actions at all following instruction as laid out by a trader, with no need for a direct involvement of the trader. With an expert advisor, a trader does not really have to do a lot of work in the name of trading the forex market. All they have to do is lay out instructions as programs, and then the EA will trade the forex market on behalf of the trader. That is to say that any forex EA can trade the forex market automatically, but not just that as it can also be used for mechanical trading.
Traders should bear in mind that automated trading is not as easy as they may think. A lot of less skilled traders have made the mistake of going into forex trading with no knowledge of how it works, expecting to use an EA for auto trading and make their profits just like that. This is obtainable, but the trader must have a basic knowledge of how the market works before going ahead to use the forex combo 3 0, or any other EA for that matter.
The forex combo 3 0 is an EA, yes, but what makes it different from all other EAs there is in the forex market? From the name of it, forex combo, it is obvious that it is used in the forex business. The other thing about it, which is like its basis of operation, is that is combines a handful of all the tested and trusted forex trading strategies to automatically trade the forex market. Some of such strategies are as follows
- Trend detection
- Market corrections
- Range detection
It is wise for anyone that wishes to make use of the forex combo 3 0 to understand these strategies so as to better understand what goes on in the market when using the EA.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.