Genius Assets Review

by Forex EA Top Team
Genius Assets

Genius Assets monitors the market continuously with the help of virtual trades to identify accurate entry points. The fully automated system opens and manages trades efficiently. As per the author, Roman Erokhin, the expert advisor uses the most effective settings that fit the existing market conditions. 

The developer is from Russia and as per his MQL5 profile, he is a professional developer with no experience in the field. His other products are Golden Coup, Golden Fleece, etc. The messaging feature on the MQL5 site is the only way to contact the developer. 

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Genius Assets overview 

After reviewing the site, here are the key features that the vendor focuses on

  • The FX robot is fully automated with easy installation and use.
  • It has an automatic update process ensuring you have the settings needed for the current market situation.
  • The ATS is a plug-and-play system that requires you to link it to your chart, choose the strategy, and click on the ok button to get started. 
  • It works effectively on the EURUSD and GBPUSD pairs.
  • The recommended timeframe is H1. 
  • A minimum deposit of $100 and a leverage of 1:10 are required for using the system.
  • It does not use dangerous money management approaches like the Martingale, grid, hedge, etc.
  • A hard SL and TP are required for each position.
  • The FX EA is FIFO compatible.

Pricing

You can buy this FX EA for $650. The vendor provides a promotional offer wherein you can get the Golden Fleece product for free if you post a review. There are no other details related to the features available with the package. No money-back assurance is present for the product which makes us suspect the reliability of the system. When compared to the average market price of similar systems, we find the pricing is expensive.

How it works

As per the developer, the system uses a new virtual trading technology for monitoring the market. It identifies the precise entries without the help of indicators. When you use the default settings, the EA uses 6 virtual strategies for a currency pair to monitor the market condition.

Trading strategy

The developer does not reveal the strategy that this FX EA uses. He mentions that the strategy does not involve methods like the grid, hedge, etc. which are considered high-risk approaches. Besides the mention of the virtual trading method, the developer does not divulge info on the exact approach used.  However, a backtesting report is present on the official site which is shown in the screenshot below: 

Backtesting results for Genius Assets on the MQL5 site.

From the above report, we can see that a total net profit of 54,602,422 was generated for an initial deposit of $1000. A total of 2447 trades were completed with a profitability of 99.63% and a profit factor of 13.61. The drawdown was 15.28%. From the results, it is clear that the EA uses a low-risk approach. Further, the high net profit also indicates good money management.

Trading results

The developer does not provide live trading results for the FX EA. We prefer results verified by reputed third-party sites such as Myfxbook, FXBlue, FXStat, etc. The verified results from such sites reveal important info about the expert advisor such as the risk level used, money management, performance, drawdown, etc. Due to the absence of verified proof, we are unable to assess the efficacy of the system. The failure of the developer to provide live results also raises doubts regarding its efficacy.

Customer reviews

We found 5 reviews for the MT5 version of the FX EA on the MQL5 site. A rating of 5/5 is present indicating that users find the EA profitable. But since the site promotes the product, there is a chance of the feedback being manipulated. We could not find user testimonials from third-party sites like Forexpeacearmy, Trustpilot, etc. to support the reviews on the promoter site.

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