Gen X Review

Jan 6, 2021 04:25 PM ET
Gen X Review

Gen X

Type

Expert Advisor

Price

$99

Strategy

Autoregressive model

Compatible Platforms

MT4

Currency Pairs

EUR/USD, GBP/USD, and AUD/USD

Timeframe

M30

Recommended Min. Deposit

n/a

Recommended Deposit

n/a

Leverage

n/a (1:500)

Trade length

One day

 

Gen X Characteristics

We’ve prepared a review of the Gen X robot. The software was introduced to the MQL5 community on August 20, 2020, by Aliia Aleshkina. The last version of the EA is 1.6 after updating on December 7, 2020.

Trading Strategy Explanation

We’ve systemized all features and strategy explanations in the list:

  • The robot trades, using an autoregressive model with a K-Arima algorithm adding the integration of k coefficients.

  • It trades in a self-built price channel.

  • It works on the Metatrader 4 platform only.

  • The EA trades fully-automatically.

  • We can trade EUR/USD, GBP/USD, and AUD/USD.

  • The robot uses Martingale for recovering and increasing gains.

  • It can identify breakout patterns and trade them.

  • It works with the next parameters: StopLoss = 600, TakeProfit = 600, AutoLot = true, Lot = 0.01, Risk = 1, Slippage = 60, Magic = 100500. 

  • Gen X works on the M30 time frame.

  • Different pairs should have different Magic.

  • The EA can work only with 5-digit brokers.

Backtest Data Analysis

Gen X Backtest Data Analysis

We have a single backtest - AUD/USD on the M30 time frame. The modeling quality was 90% with a 15-pip spread. An initial deposit was $10000. The total net profit became $349M. The Profit Factor was 14.53. The robot closed 1532 deals with 95% of the win-rate for Shorts and 87% of the win-rate for Longs.

Live Trading Data Analysis

Trading Results

Myfxbook Account

Real (USD), Hugo’s Way

Started

September 17, 2020

Deposit

n/a

Balance

n/a

Gain

+42.45%

Daily

+0.34%

Monthly

+10.78%

Drawdown

-33.22%

Profitability

1.29

 

Gen X Myfxbook

The robot runs a real USD account on Hugo’s Way automatically with 1:500 leverage on the Metatrader 4 platform. The account has a verified track record but doesn’t have a proper level of transparency because deposits, balance, etc., are hidden. The account was created on September 17, 2020. Since then, the absolute gain has become +42.45%. This profile is tracked by fourteen traders.

Gen X drawdown

For the last several weeks, Gen X has been trading with huge and consistent drawdowns.

Gen X advanced statistics

The EA closed only 42 deals with 307.1 pips. An average win is 46.85 pips when an average loss is -60.73 pips. The win-rate is 60% for Longs and 66% for Shorts. An average trade length is one day. The Profit Factor is 1.29.

Gen X trading results

EUR/USD is the only symbol that makes profits (412 pips).

Gen X trading results

The robot tries trading during the European trading session.

Gen X trading results

Tuesday and Wednesday are the most-traded days.

Gen X trading results

The EA runs the account with insane risk to the account balance.

Gen X trading results

As we can see, increasing lot sizes from 0.01 to 0.06 helps not so much.

The company

Gen X about the company

The developer has only this robot in the portfolio. She has a low rate (1426) and 211 friends.

Gen X customer reviews

Gen X customer reviews

Gen X customer reviews

Gen X customer reviews

The robot can’t make consistent profits and doesn’t work properly quite often.

Gen X customer reviews

The developer is always quick to answer questions and keeps providing free updates.

 

Pricing

Gen X Pricing

Gen X costs $99 for a copy. We can rent it out for $60 monthly. There’s a free demo download to check the robot’s parameters. The site doesn’t support money-back-guarantee. 

Review Summary

Pros

Cons

  • Backtests provided
  • Strategy explanations aren’t provided
  • Real account trading results provided
  • Horrible trading results
  • We know who’s the developer
  • Negative people’s feedback
  • Cheap pricing
  • No money-back guarantee

Conclusion

Gen X is a robot that likes using Martingale to increase profits as well as losses. It seems that GEN X trades randomly. Anyway, the last three weeks were a period of consistent and huge losses. The developer provided the last update on December 7, 2020. After it, the EA was broken and started trading with huge drawdowns and significant losses.

Rating: 3/10


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