The composite films which consist of amorphous carbon, carbon nanotube, and iron nanoparticles were prepared by ethanol catalytic combustion in atmospheric environment. The as-prepared composite films have good electrocatalytic activity and high conductivity which is due to their particular structure. The efficiency of the composite films based dye-sensitized soar cells (DSSCs) is closed to that of the Pt based one. Most importantly, the DSSC employing the composite films presents a higher FF than those of Pt based solar cell. In addition, it is a simple method for mass production of composite films counter electrode (CE) which is expected to reduce the cost of fabricating DSSCs.