Genie Pass EA MT4 – Free Download – Forex Wiki Trading
Introduction
The quest for funded trading accounts has spawned specialized tools like Genie Pass EA, an Expert Advisor (EA) targeting FTMO challenge compliance. Marketed by BinaryForexEA.com and linked to Telegram handle @mmedigitals, this EA promises automated adherence to strict profit targets, drawdown limits, and risk rules. But does it deliver? This review dissects its features, strengths, and pitfalls—without endorsements.
Technical Specifications
Version: 1
Year of issue: 2025
Working pairs: EURUSD
Recommended timeframe: H1
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000
Best Brokers List
Genie Pass EA System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Genie Pass EA Settings
What is Genie Pass EA?
Genie Pass EA is a MetaTrader EA designed explicitly for traders seeking FTMO funding. It automates strategies aligned with challenge constraints:
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Profit Targets: Aiming for consistent gains within fixed timelines.
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Risk Boundaries: Enforcing max daily loss/drawdown rules.
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Rule Compliance: Avoiding prohibited strategies (e.g., high-frequency scalping).
Based on configuration files, it operates on Server2 and uses version V1.0/MT48Pfee_R_prb.
Key Features Analyzed
1. Risk Management Engine
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Stop Loss (SL): Fixed at 40 pips, triggered from trade opening (
SLType = Stop loss from beginning). -
Take Profit (TP): 240-pip targets—prioritizing high reward/risk ratios.
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Trailing Stop: Activated at 40-pip profit (
TrailStart), moving in 40-pip increments (TrailStep), with a 40-pip buffer (TrailStop). -
Spread Protection: Disabled by default (
UseSpreadProtect = false), risking slippage during volatility.
2. Trade Execution & Limits
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Lot Size: Fixed at 5.0 lots—highly aggressive for small accounts.
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Daily Cap: Max 60 orders/day, preventing overtrading.
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Bid Price Focus:
BuyBidPrice = truesuggests entry alignment with sell-side liquidity.
3. Transparency & Alerts
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Minimal Alerts: Pop-up, email, and push notifications disabled.
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On-Chart Display: Enabled (
Display = true), showing real-time actions.
Performance Insights
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Trade Logs: Show mixed “buy” orders (e.g., 0.01–0.10 lots) and unexplained “baddum” entries, suggesting potential errors or untested logic.
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Price-Level Focus: Uses predefined support/resistance zones (e.g., 1.17910, 1.17470) for entries—a rigid approach in volatile markets.
Advantages of Genie Pass EA
Disadvantages of Genie Pass EA
Conclusion
Genie Pass EA offers targeted automation for FTMO challenge seekers, with rigid risk controls (40-pip SL, 60-trade/day cap) and profit-taking logic (240-pip TP, trailing stops). Its core strength lies in pre-configuring FTMO rule compliance.
Download Genie Pass EA
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
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