New Genius Candles AI EA Review: An In-Depth Look at This Innovative Trading Tool

Table of Contents

New Genius Candles AI EA is a novel automated trading system that utilizes artificial intelligence and machine learning to analyze financial markets and execute trades. In this comprehensive 2000 word review, we will examine the key features of this expert advisor, assess its performance, and determine if it is a worthwhile investment for traders.

Download Free New Genius Candles AI

Overview of New Genius Candles AI EA

New Genius Candles AI EA is an expert advisor designed to trade currency pairs, indices, commodities, and cryptocurrencies automatically. It was created by well-known Forex algorithmic trader Vitali Vasilenka and combines artificial intelligence with innovative trading techniques.

At its core, this expert advisor (EA) uses a proprietary AI engine called Core AI to detect high-probability trading opportunities across multiple timeframes. This AI system is the brain behind the EA, continuously scanning historical and live market data to identify potential entry and exit points.

Once a trade is triggered, the New Genius Candles AI EA will open, manage, and close the position automatically according to its complex algorithms. It is capable of trading multiple currency pairs simultaneously while adapting to changing market conditions.

Key Features and Tools

Here are some of the standout features and tools offered by the New Genius Candles AI EA:

Core AI Technology: The proprietary artificial intelligence engine that powers the EA’s analysis and trade execution. It uses machine learning and neural networks for market prediction.
Precision Analysis: Scans historical data and multiple timeframes to detect patterns and identify high-probability setups with a high degree of accuracy.
Risk Management: Employs stop losses, take profits, and advanced money management to minimize losses and protect capital.
Remote Monitoring and Control: Allows traders to monitor trades, alter settings, and control the EA remotely through the LobyTrade web platform.
Multi-Market Trading: Has the ability to trade various financial instruments across different markets simultaneously.
Stealth Mode: Executes trades discreetly to avoid giving away the EA’s intentions and strategy.
Detailed Backtesting Data: Provides backtesting capabilities so traders can evaluate performance across different time periods and market conditions.

Performance and Results

Extensive backtesting of the New Genius Candles AI EA by the creator shows that it is capable of generating consistent profits over time across different currency pairs and timeframes.

However, as is the case with any EA, live trading results can vary significantly depending on market conditions, broker used, account settings, and money management. It takes optimization, robust testing, and experience to achieve the best results.

Some early adopters and beta testers have reported mixed but mostly positive results, stating that the EA shows promise but requires further optimization and tweaking of settings to become consistently profitable[6]. As more traders experiment with this new AI system, its profitability in live markets will become clearer.

One advantage cited by users is the EA’s ability to quickly adapt to changing market dynamics thanks to its machine learning capabilities. This allows it to continuously improve its performance over time. However, like any automated trading system, losses can exceed deposits so proper risk management is essential.

Check my advanced Forex Kingle Scalper Robot

Ease of Use

The developer emphasizes that the New Genius Candles AI EA is designed for advanced traders and requires specialized knowledge to install, optimize, and configure it correctly[8]. Improper setup can lead to losses.

The EA comes with detailed instructions on how to install it properly on the MT4 platform along with all the required files and libraries. While the installation process is straightforward for experienced traders, beginners may find it challenging.

Once installed, New Genius Candles AI provides a user-friendly interface for monitoring trades and adjusting settings. However, a degree of programming knowledge is needed to fully optimize and customize the complex parameters and inputs. Extensive backtesting is also required to evaluate performance.

Overall, the EA is reasonably user-friendly for technical traders but does require some learning and experience to master. Round-the-clock customer support is provided to assist traders throughout the setup and usage process.

Pricing and Availability

New Genius Candles AI EA is available for purchase on the MQL5 marketplace for the price of $350. This provides traders lifetime access along with any updates to the software[9].

The EA can be used with the popular MetaTrader 4 and MetaTrader 5 forex trading platforms. A MetaQuotes Language 5 (MQL5) programmer license is required to install and use the EA as well.

The developer also offers a money-back guarantee if traders are not satisfied with the EA’s performance. Support is provided directly by the creator via email and Telegram.

New Genius Candles AI Pros and Cons

Pros

Utilizes advanced AI and machine learning for market analysis
Provides detailed backtesting capabilities
Trades multiple assets and markets
Reasonably user-friendly interface
Remote monitoring and control
Encrypted for security

Cons

Requires optimization and robust testing
Detailed installation and setup process
Steep learning curve for beginners
Requires high-quality data feeds
Results vary across different markets and timeframes

New Genius Candles AI Conclusion

New Genius Candles AI EA is an intriguing new entrant to the automated trading field, offering traders the ability to leverage AI and machine learning algorithms. Its core technology shows promise in backtesting and some live trading. However, results can vary significantly based on usage and markets traded.

For experienced technical traders willing to put in the time and effort to optimize and test the system properly, the EA may provide an edge with its machine learning capabilities. However, like any EA, it is not a magic bullet and proper risk management is essential.

Overall, New Genius Candles AI EA is an innovative tool that may appeal to advanced algorithmic traders but requires specialized knowledge and robust testing. Traders intrigued by its AI potential may want to try the EA in demo mode extensively before considering it for live trading. As more data comes in from users, the performance profile of this promising but unproven trading system will become clearer.