This review looks at Gen X Forex robot and the services it offers, we go through their strategy, price, and client feedback. Is GenX EA a scam? We answer that question in this review. Read through our Gen X Robot review to see what experts have to say about Gen X Expert Adviser.
Table of Contents
What Are Forex EAs?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider many variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what they offer and other proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Gen X EA Review
Gen X was uploaded on the MQL5 of August 20, 2020, by Aliia Aleshkina. It was updated last on December 7, 2020
How Gen X EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result, if they provide any. For the trade results, we hold results that are posted on myfxbook to be standard, but we also consider fxblue and other alternatives.
The robot uses Martingale for recovering and increasing gains. A model known for blowing up traders’ account.
Strategy
Autoregressive model
Compatible Platforms
MT4
Currency Pairs
EUR/USD, GBP/USD, and AUD/USD
Timeframe
M30
Gen X EA Price
$99
Client Feedback
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used Gen X EA before, at least not enough to form a conclusive decision.
Read through our EA reviews like Smart Charts Review to compare and contrast the services they offer. You can also read our reviews onAlgominr, FxPriemere, and SwingVip.
Conclusion
After going through all aspects of Gen X EA, we concluded Gen X has only done the barest minimum in convincing us that the EA is worth the price.
Plus, the strategy and lack of reviews by actual traders has us doubting that Gen X can achieve promised profitability.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee