Genius Assets Review

Genius Assets is an expert advisor compatible with the MT4 and MT5 platforms. It works by opening virtual trades for monitoring the market continuously enabling it to identify perfect entries. As per the developer, the system is constantly updated which ensures the FX EA works effectively in the current market situation. The developer claims that the system is a plug-and-play model that guarantees easy installation and use. This is a fully automated software that works on two major currency pairs by using multiple strategies. You can choose from the 6 trading approaches present in the system.

Is it a viable FX robot to use? 

Roman Erokhin is the author of this FX EA. He published the FX robot in February 2022 and the system is in version 3.0 now. The author is a professional developer based in Russia and has developed 8 products and 12 signals. Other products of the developer are Golden Fleece, Golden Coup, Angry Lion, and more.

As per the info provided by the author, this FX EA has 6 virtual strategies from which you can choose one that suits your trading style. The default settings use 6 strategies for each of the supported currency pairs. This FX robot works mainly on the EURUSD and the GBPUSD pairs. Other than the mention that the system does not use dangerous methods like the hedge, grid, or Martingale, the author does not explain the strategies used.

How to start trading with Genius Assets

To use this FX robot, you need to shell out $650. A rental package is also present that costs $600 per year. The package comes with a free demo account. There are no other details present on the features available with the software package. No money-back assurance is provided which raises suspicions about the reliability of the product.

Recommendations for the product include the use of a time frame of H1, a minimum deposit of $100, and minimum leverage of 1:10. The system is FIFO compatible and uses hard SL and TP for each position. As per the author, the virtual trading method of the EA helps to monitor the market effectively providing accurate entry points that are not possible when you use an indicator. 

Setting up the system is simple and easy. You need to attach the software to your chart, choose a strategy from the drop-down list, and the robot will take care of the rest. 

Genius Assets backtests

The vendor provides a backtesting report for the FX EA as shown above. From the report, we can see that the strategy tester report uses 99% history quality. For an initial deposit of $1000, the system generated a total net profit of $54,602,422. A total of 2447 trades were completed with 99.63% profitability and a profit factor of 13.61. The drawdown for the account was 15.28%. The low drawdown denotes a low-risk strategy and the high profit factor indicates good performance. 

Trading results

A live real USD account using the ForexChief-DirectFX broker and the leverage of 1:500 is present for the FX robot. Here is a screenshot of the trading results:

From the trading stats, we can see the account is newly opened with only one trade being executed in the past month. The account was started on April 28, 2022, and shows 3.15% growth and a profit of $6.31 for an initial deposit of $200. A maximum drawdown of 27.8% is present. Due to the low number of trades, it is difficult to evaluate the results and they may be random on account of the small sample size. Further, the small sample size also makes it difficult to compare the results with the backtesting stats.

People feedback

Unfortunately, we cannot find user reviews for this FX EA on reputed review sites such as Forexpeacearmy, Trustpilot, etc. There are a few reviews present on the MQL5 site. Since the site is promoting the product, the chances of the reviews being manipulated are high. So, we do not consider them.