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Genial Invest Real Account Stopped test

by GenialInvest.com
• Site closed
-1.01% WEEKLY · 18.9 weeks
Average Pips per Week:
+962 (Gross Pips: +18,189)
Average P/L per Week:
+2.40% (Gross P/L: +56.54%)
Maximum Equity used:
94.62% (May 24, 2012, 8:27:00 PM)
Test started:
Feb 13, 2012
Test Stopped:
Jun 25, 2012 (Tested 18.9 weeks)
Metatrader Expert Advisor
Multiple Statements Available, Voluntarily Quit

We appreciate Genial Invest sharing their Live account performance with Forex Peace Army visitors!

06.25.12 Test stopped. No trades since 5.23

05.03.12 Genial Invest Real test restarted on new account with help of Investor Access (You can see old tests in menu above)...
2011-10-27:  The new account crashed and burned in 2.2 weeks.  The FPA would be happy to assist Genial in adjusting their EA so that it can better survive market swings.

10.13.11 Genial Invest Real test restarted on new account with help of Investor Access (You can see first test in upper menu) - Developers ask us give them second attempt: We blew up our account because in September we wanted to support also the FIFO rules for the US citizens. We did some tests and, even if we noticed a larger drawdown we saw that the performances were good. Unfortunately it was a big mistake because the EA did not close a group of trades always for few pips from the target. The result was that we had opened positions for more than 3 weeks and the strong bearish trend of the euro destroyed our account. At the time, we got too confused by the rules and we did not know if it was better to close manually the positions, or to have confidence to the backtests we did and let the EA run. We decided to don’t touch anything, especially because all the clients are the owner of their accounts – they can decide whenever they want to make some manual intervention. To make no discrimination with our customers if they asked us what to do we suggested them to let the EA run.
Unfortunately that was the problem. The FIFO rules are dangerous for our EA. Because of this experience we decided to go back to the previous version without supporting the FIFO rules. We also introduced more different risk levels, giving to the client informations relating to the risk they choose for StopLoss and expectations.
FPA Note: FIFO rules can't be dangerous for any strategy - mathematically don't matter which order was closed first - result ALWAYS will be the same! If Genial Developers have troubles with right FIFO realisation - we'll be glad to help...

03.30.11 Genial Invest Real test started with help of Investor Access...

Developers Description: Genial invest asks to be paid after you run the software. It trades on the EURUSD. It’s a mix of scalping, medium, and long term strategies. It exploit the trends and volatility during the London and Wall Street Sessions. It trades on Medium Term. It's not a scalper. This test runs with default parameters with High Risk Level.
Detailed strategy explanation:
Genial Invest look at lots of variables: stock market index values and correlations, daily news, and technical analysis (support and resistance on short and long term, Fibonacci level, Pivot point, etc etc). That’s the why sometimes you can see lots of opened trades: they are opened due to the several probability that the price will go in the forecasted direction. In any case there are some situations where positions could be closed and they will be opened in the reverse direction, looking at support & resistance levels with trendlines.

 
For more information please visit their website.