Frequently Asked Questions
What is Forex?
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Daily turnover was reported to be over US $3.98 trillion in April 2010 by the Bank for International Settlements
What is EA (Expert Advisor)?
Expert Advisors (EA) are used to render the trading process automatic allowing to exempt the trader from continuous watching the market. Many professional traders have a big amount of trading systems allowing them to work in different markets and under different conditions. EA is robotic script written in MQ4 language. It can work in the Metatrader 4 trading platform.
How can I install FOREX COMBO SYSTEM? Is it easy?
Yes it is too easy. Just a few steps and you will be ready to use FOREX COMBO SYSTEM. You can download detailed installation guide from the download section in the member area. It will guide you through the setup process.
How can I activate my FOREX COMBO SYSTEM?
Your copy of FOREX COMBO SYSTEM should be activated for your real and demo accounts trough 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.
What do I need to start trading Forex?
First you need a computer with a minimal hardware configuration and a stable internet connection. Second you need to install Metatrader 4 trading platform. You don't need to have any additional Forex knowledge because our FOREX COMBO SYSTEM includes detailed User Guide & Installation Manual.
Can I use FOREX COMBO SYSTEM with any broker?
You can use any broker that offers the Metatrader 4 trading platform.
Should I trade myself when I use FOREX COMBO SYSTEM?
You don't need to trade yourself. Just turn on FOREX COMBO SYSTEM and let it trade using your account to bring some profit for you. Of course you can trade manually too. But we recommend that you use only FOREX COMBO SYSTEM to avoid any lost.
What is the minimum amount needed to start trading?
The minimum amount of money needed to start trading depends on the brokerage company. You can start trading with a small amount as $100-$500. But don't forget the fact that trading with a small amount may be disadvantage because you will only be able to trade the market in small sizes. The recommended capital is $1,000-$5,000 of course you can test it with Demo account first.
Is it possible to run more then one EA on a single account?
Yes it is possible. FOREX COMBO SYSTEM will not touch any other trades.
What time frame should I use with FOREX COMBO SYSTEM?
FOREX COMBO SYSTEM is designed to work on M5 time frame.
Can I use FOREX COMBO SYSTEM on other currency pairs?
Yes you can use BUT FOREX COMBO SYSTEM is designed to work on currency pair EUR/USD and GBP/USD with M5 chart!
I cannot open the user guide. What should I do?
To open and see the FOREX COMBO USER GUIDE you need to install Adobe Acrobat Reader. It is free, you can download it from Adobe official web site http://www.adobe.com
What is best Demo or Real account at the beginning?
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!
Can I use FOREX COMBO SYSTEM on a demo account until I feel comfortable trading a live account?
Yes you can. You can use FOREX COMBO SYSTEM and switch between demo and live trading at any time you wish.
What kind of internet connection and computer hardware do I need?
We recommend to have a stable internet connection and computer hardware, working without interruptions 24 hours a day from the market opening on Monday to the market closing on Friday.
Should I turn off FOREX COMBO SYSTEM on weekends?
You don't need to do that. The market is closed on weekends and the FOREX COMBO SYSTEM will sleep until Monday.
What will happen if I lose internet connectivity for a short time?
This will not affect the system as long as the internet is reconnected within a short period.
What will happen if my computer lose power or reboot?
You shouldn't worry about that. The trades that are currently open will stay open until the computers power is restored, no new trades will open at this time and the system will resume normal trading as soon as the power is restored. Just start your computer, run the Metatrader again and be sure that your FOREX COMBO Expert Advisor is turned on. It will continue trading.