Home Forex Service Review Genetic Generation Forex EA Review

Genetic Generation Forex EA Review

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Genetic Generation is found within the MQL5 marketplace, it was uploaded to the marketplace by Alexander Ivanov on the 18th of March 2020. It has received updates, the most recent update was on the 21st of March 2020 and this update brought the software up to version 2.0.

Overview

Genetic Generation is an expert advisor that can be used with the MetaTrader4 trading platform. The EA was designed to accumulate information around the markets as it trades, it will then use this information to calculate further developments that may take place in the markets and will use these to generate buy and sell signals.

When a signal has been generated, the EA will open up a buy or sell order, it will also work out the stop loss positions and take profits when a trade goes into profit a trailing stop will be used to lock in profits.

The EA was tested on the GBPNZD, GBPAUD, GBPUSD, and GBPJPY on the M15 timeframe.

The EA also comes with some parameters, these include the market tension, level of algorithm, maximum spread, automatic lot increases, risk percent to use, take profit levels, stop loss levels, trailing stop distance, slippage, magic numbers, and more.

The video shown below, while not directly related to this Forex service, does help to explain Genetic Algorithm trading.

Service Cost

The Genetic Generation EA is an expensive one, it will cost you $1,973 to purchase it with a single payment. Purchasing it will get you u[p to five activations, unlike many EAs on the MQL5 marketplace there is no option to rent this EA. There is a free demo version, but this can only be used with the strategy tester within the MT4 trading platform and not on a live account.

Conclusion

At the time of writing, there were no reviews or ratings available, this could be due to it being so expensive, regardless of the reason, it means that we do not know whether customers are finding that it works as intended or whether it is profitable or not. There are also no comments, from customers or from the developer we do not know what the support is. Due to its incredibly high price we would suggest sending any questions that you may have to the creator to ensure that the EA will be useful to you and that they will be around to support should you make a purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47385

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