AI Generate Trading System promises robustness and the ability to make consistent profits in the Forex market place. According to the developer, AI Generate Trading System was created after he had searched for a reliable trading software that had been back-tested for 10 years and failed to find one. So that is the reason he decided to come up with his own software. This search allegedly took him 3 years. So the question is how come that this person moved from searching a reliable trading system to being a developer who manufactures trading systems? Can they be trusted to have the skill of successful trading or is it that anybody can create a trading software these days?
In this review, we will let you know whether the creator of AI Generate Trading System is reliable and can be trusted or not. To capture the description of this product properly, we will go through the details of this developer, their past products and whether or not they have demonstrated the skill to create trading systems that generate profits on a consistent basis.
The name of this developer is Sukhum Butrkam, and they come from Thailand. Their MQl5 profile shows that this is the first product that they are developing. While this is good, it could also indicate that this developer does not have a significant amount of experience with developing different types of trading systems. In fact, many traders will discredit this guy based on the fact that they have only created one trading system.
On the positive side of things and AI Generate Trading System being the first and only product that this developer ever released, it could mean that the creator of the software is intending to focus on the development and success of this one system. Because all their focus is on one product, rest assured that they will be addressing all the issues that are currently affecting the trading system.
Since this developer is selling on their MQL5 sales page, you can contact them on their sales page for more info. But before you do so, you need to read this review until the end because we are yet to discuss some very important things.
The first thing we notice with this software is that unlike many trading systems in the market place right now, the AI Generate Trading System comes with 8 different trading strategies, and we think this number is still growing if the developer will maintain the current tempo. At the top of the sales page, this developer also runs notices of their next update to keep customers focused on what’s coming next. The reason this developer wants to focus on this software alone is because they believe that the 8 different strategies may not work in the future if market conditions change. So they have to keep updating to stay upbeat with what the market is doing and also to avoid a huge draw down in the process of using AI Generate Trading System to trade the Forex market.
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The developer also tells us that this system uses a genetic algorithm in order to ensure that it is robust and that it is handling every market situation efficiently. However, there is the issue of not been transparent enough with these strategies. The developer does not explain what these strategies are, and the inquisitive trader may not be very satisfied by the mere fact that the developer is only going over these issues without really explaining the things that matter.
It would have been good if they went through each one of the 8 different trading strategies of the AI Generate Trading System and explain how these strategies are working together to give us the kind of results that the developer is flaunting. Otherwise, we might be tempted to think that this is yet another MQL5 trading system that loses money.
So we are only hoping that next time the developer of AI Generate Trading System will be more specific about their strategies and how they work in this software. In the meantime, we won’t condemn the developer for this mistake as it is the common trend among developers in this market place.
It trades 5 different pairs namely EURUSD, AUDUSD, GBPUSD, USDJPY and USDCAD. The reason as to why it cannot trade the other pairs has not been given. The developer also tells us that this system needs a minimum deposit of at least $1,000.
The cost of one license is $1,400, which is quite the norm in the MQL5 market place. Most trading systems on this platform are over-priced. So it is very clear that this developer is targeting traders with deep pockets. There are many good expert advisors in the market that cost way less. So to price an expert advisor for $1,400 is totally nonsensical.
They should probably consider reducing this price in order to compete fairly with other industry giants. Otherwise, very few people can consider purchasing this system. It simply does not make sense.
Currently, the software’s performance is being tracked by FXblue platform. However, the total gains are slightly over $200, and this tells us that the developer has not even proved that the software is able to recoup the price of its license.
The AI Generate Trading System also has an account with myfxbook. This account is hosted by a broker called Swissquote Bank brokerage. This myfxbook account shows that the AI Generate Trading System has gained slightly above 23% with a draw down of just 6% in the last 3 months. These are impressive numbers.
This developer is running a $1,000 account and according to those numbers, we can see that the developer has made a profit of slightly below $300 in the last 3 months.
AI Generate Trading System impresses with the numbers. However, the price point for this trading system is not good, and we feel that the developer will lose many customers along the way. If you want a good robot, just pick one here.
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