Genial Invest live forward test
This service was discontinued between November 2011 and May 2012; please read the comments below for more information.
Trading style: basket of several concurrent trades with large SL & TP and an average duration of 2 days. According to the author, it’s a mix of 80% automated trading and 20% manual. The manual input consists in increasing trade direction probability based on high impact news such as the economical issues of Greece or the USA. The trade entry & exit is fully managed by the EA, which looks for trendlines & support/resistance levels.
Currency pairs: EURUSD
Expert Advisor price: 30% of the profits it generates; you pay as you go, no advance payment is required, however after the 15 day trial a minimum deposit of USD 10000 is required.
NFA compliance: yes
Refund policy: does not apply
Read more at the Genial Invest website
Note: this is an EA that trades based on signals coming from a server.
Birt’s forward test
Settings: default (RiskLevel = 1)
Account type: live, micro
Starting balance: $500 (the vendor required it as a minimum, in spite of the micro lot size)
Note: the strategy risk was revised and several readers asked me to resume the forward test. I used the same amount of capital that was withdrawn when the service was no longer being offered. Please note that the service still has a certain degree of risk associated with its trading.
Account type: live micro