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Robot Review: AI Generate Trading System

Today I’m reviewing a new Forex robot that promises to be robust and able to generate consistent profits in any market condition, AI Generate Trading System. The developer of the software claims that he’s been looking for a reliable trading software that could be back tested up to 10 years, but after 3 years of searching unsuccessfully, he decided to develop his own. In this review, I’ll let you know if he was successful in his journey, and if we should join him moving forward.

Owned and operated by Sukhum Butrkam, this sole proprieter is located in Thailand, and has just this 1 product available on the MQL5 marketplace. Considering many of the developers on this marketplace have multiple products, it’s good to see that Sukhum is focused on the development and success of one system of the time. To get in touch with support, traders can direct message Sukhum via his MQL5 profile, or leave a comment on the sales page.

AI Generate Trading System Review

Unlike most expert advisors, the AI Generate Trading System is comprised of 8 different strategies, which is still expanding is the developer maintains and updates the software. In fact, the developer keeps a running update list at the top of the sales page, which as of today reads, “Next Release USDCHF on Sep 2018, Next Improvement AUDUSD on Sep or Oct.” The development team believes that it’s important to update the software every 3 months so that the strategies are suitable for current market conditions, and keeps the robot running with a moderate drawdown potential.

According to the developer, the strategies all use a genetic algorithm to ensure that their robust and handling every market condition. The issue here, is that the developer doesn’t elaborate on any of these strategies, so we really don’t know what we are getting ourselves into. I would like to know much more about the 8 strategies being utilized, and how they are all working together to provide viable trade entries and executable trade outcomes.

Hopefully more information on the strategy comes to light soon. I won’t totally condemn the developer for not providing a lot of information about their trading methodology, because this is common in the market, as you can see in our recent reviews of R747 Breakout EA, Dark Hole EA and Hamster Scalping.

Breakdown

  • Type: Forex Robot
  • Price: $1400
  • Strategy: 8 Strategies
  • Timeframe: H1
  • Pairs: EURUSD, AUDUSD, GBPUSD, USDJPY, USDCAD
  • Minimum Deposit: $1000

It’s quite clear that the developers of this software are aiming for the moon when it comes to the price point that they’ve set. The AI Generate Trading System is currently being offered at $1400 per license. While Sukhum, clearly wants to market his product as a premium service built for experienced traders, I feel like he’s misreading the market. $1400 is well above the market average price for an expert advisor, and I think he should be dropping his price over thousand dollars before we consider it.

The developer has a my FX book account showing a profit of over $200, so they haven’t even proven that the software can provide a return equal to the price they are charging for it. This isn’t right.

Trading Results

The creators of the AI Generate Trading System provide us with multiple back tests, and also a live Myfxbook trading account with the Swissquote Bank brokerage. The account is impressive, showing a gain of just over 23%, with a drawdown of just over 6% since May 30, 2018. They are running a $1000 account, and have made a profit of $236 on their initial deposit over the past few months.

The worst trade they never had was a 245 pip loss, and the best trade was a 262 pip win. The average trade follows a similar risk reward ratio, with the average win coming up to 52 pips, and the average loss coming up to 48 pips. This is an effective risk reward ratio.

The software currently has 17 open trades, some of them going back all the way to the end of July, so you can expect to the robot to leave trades open for extended periods of time. In looking at the monthly analytics, we can see that the software performed best in its first month, June 2018, and is slowed down since, with its current performance in September sitting at -2.89%.

Client Feedback

There are currently 15 reviews available, which averages to a 4.5 out of 5 star rating. Here are the 2 latest reviews from real clients for your perusal:

Conclusion

While I’m impressed by some of the elements that the vendors of the AI Generate Trading System are providing, I just can’t get past the $1400 price tag. Until the price is lowered or the vendor proves they can earn over $1400 with the Forex robot, I will not have any interest in this system.

If you have anything you would like to add to the review, please do so now.

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

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