Genius Assets Review

May 13, 2022 07:10 PM ET
Genius Assets Review

Genius Assets is an expert advisor that was published on the mql5 website about 3 months ago. The EA comes with an automatic update system to ensure that you always work with the newest, most efficient systems to align with the present market conditions. Genius Assets is user-friendly as you just have to attach it to your chart, choose your preferred strategy, click OK, and you are good to go!

This EA was created by Roman Erokhin, a Russia-based developer. The other systems he has built include Golden Fleece, Golden Coup, and Angry Lion. His trading experience is unknown.

Genius Assets

Type

Fully-automated EA

Price

$650, $600

Strategy

N/A

Compatible platforms

MT4, MT5

Currency pairs

EURUSD, GBPUSD

Timeframe

H1

Recommended min. deposit

$100

Recommended deposit

N/A

Leverage

1:10

Find the other characteristics of the system below:

  • It’s easy to install and FIFO compatible.

  • It doesn’t work with grid, martingale, hedge, or other risky money management methods.

  • The system applies a hard stop loss and take profit for every position.

Trading strategy explanation

When it comes to the trading strategy, the vendor states that Genius Assets focuses on opening virtual trades in the background. It then uses the trades to monitor the market continuously to help it identify an ideal entry point. Once a trading opportunity is spotted, the EA will respond by opening and managing real trades in auto mode.     

Backtest data analysis

Backtest results.

As you can see from the data above, the robot was backtested using a deposit of $1000, and after implementing 2447 orders, it realized a huge profit of $54602422. The profit factor (13.61) value further highlighted the high profitability rate of the EA. The win rates for long (99.75%) and short positions (99.51%) were also outstanding. Low trading risks were involved, as evidenced by the small drawdown generated—15.28%. The average profit trade was $24172.91, whereas the average loss trade was -$481236.90. 

Live trading data analysis

Trading Results

MQL5 account

Real (USD),  ForexChief

Started

April 28, 2022

Deposit

$200

Balance

$207.31

Gain

3.15%

Daily

N/A

Monthly

3.16%

Drawdown

2.6%

Profitability

$6.31

 

Live trading data on MQL5.

These are the live results of the EA, but they have not been verified by an independent site like Myfxbook. The account is only a few days old, and the system started trading on it using a $200 deposit. To date, the generated profit is $6.31. Therefore, a growth of 3.15% has been achieved. On average, a trade is held for 1 hour. The drawdown (2.6%) produced is small, so safe trading is applied.

Performance of trades.

A single order has been placed so far. Clearly, the bot is not a frequent trader. 

Customer reviews

Genius Assets is a relatively new product and has been reviewed by only 5 customers on MQL5. Four of them are content with the service, asserting that it is very profitable. The only dissatisfied client discloses that the EA works perfectly in backtest mode only. 

User reviews on MQL5.

Review summary

Pros

  • Backtest results are included

  • Works with a stop loss and take profit

  • Dangerous trading methods are not applied

Cons

  • Very short trading period

  • Costly

  • Supports 2 currency pairs 

  • Live trading stats supplied are unverified

Genius Assets features a backtest report, and the application of a stop loss and take profit helps it in risk management. However, the EA has a very short trading history in the market since it is still new. Also, the failure by the vendor to run the algorithm on a trusted site like FXBlue or Myfxbook is suspicious. 

Rating: 4/10


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