- November 3, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Genius Bot Forex Review
Free to download is the fully automated Expert Advisor Genius Bot Forex . It’s a grid-based forex robot that trades according to the adage “buy low, sell high.” To do this, trades are started based on signals from built-in indicators. Unfortunately, in this extremely liquid market, it does not always guarantee that the price will move in the desired direction.
The Genius Bot Forex handles open trades using a properly thought-out martingale strategy if the entry is not accurate enough. When the target (the level of take-profit) is reached, open orders are grouped into baskets and closed right away.
This Expert Advisor does not engage in scalping or short-term trading. Opening market orders adds orders to the “basket” (in some cases, the adviser uses Buy-Stop/Sell-Stop orders to close price gaps). Using certain sophisticated ways to control grid geometry yields nearly optimal open basket geometry regardless of the situation of the market (slippage, increased spreads, etc.).
Numerous orders of various sizes are placed in the same direction by Genius Bot Forex. A basket is an assortment of related purchases. The individual orders in the basket are called levels. This EA trades utilizing a martingale and hedging strategy combo. This strategy gives this EA a high ROI (Return on Investment), but if you don’t have enough money in your account, you have virtually a 100% chance of losing it all. Your lot size and risk value will determine how much profit you can expect to generate each month.
With the help of genius Bot Forex’s many risk management capabilities, you can safeguard your account and control trading risks in accordance with your preferences and trading style.
Recommendations for this Expert Advisor
- Minimum Account balance of,
- Safe mode $5000 ($50 for cent accounts)
- Normal mode $3000 ($30 for cent accounts)
- Aggressive mode $2000 ($20 for cent accounts)
- Work Best on EURUSD and GBPUSD(Work on any currency pair)
- Work best on M5 (Work on any time frame)
Best Brokers List
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Genius Bot Forex SETTINGS:
Genius Bot Forex Results
Genius Bot Forex Free Download
We highly recommend trying the Genius Bot Forex with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.