SIEA Zen Review

SIEA Zen

SIEA Zen was released on June 06, 2021, on MQL5. Since then, people have downloaded it for demo usage 218 times. It’s not so much because of its pricing. We’re going to figure out if it’s worth it. 

SIEA Zen at a glance

We have gathered the most important information in the table:

Price$199, $299, $499, and $999
Trading PlatformsMT5
Currency PairsAny pair
StrategyN/A 
TimeframeN/A
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes

SIEA Zen functionality

Let’s talk about how the system works, what features it has behind it, and what we may expect from its functionality. 

  • The system knows how to open and close orders automatically for us. 
  • The last five copies are left for $250. 
  • The next price will be much higher. 
  • The robot united 10 years of developer experience. 
  • It provides a very balanced risk-reward ratio. 
  • It works with all possible trading pairs. 
  • “The unique volume analysis determines market imbalance and how intense they are to spot reverse entry opportunities.”
  • The system closes all its positions at the end of every month and starts a new cycle at the beginning of the next month.
  • It works only with low drawdowns and high profitability. 
  • An average trade length is four days. 
  • There’s an inbuilt news filter that stops new trading positions around central bank news events.
  • All other events with a lower impact are less relevant and won’t be considered in the risk management and news filter.
  • The system calculates swaps in the final profits. 
  • There’s a swap-management feature. 
  • The system uses a “risk/drawdown limit for the entire trading system instead of individual stops per trade, which protects us from any flash crash scenario.”
  • There are other SIEA advisors. 
  • We have to allow receding data from determined sites. 
  • We have to use it on the MT5 platform. 
  • It handles all trades from a single chart. 

We are strongly suggested to work from a VPS service.

SIEA Zen table of advisors and their features
SIEA Zen table of advisors and their features
  • We have a comparison table of the similar advisor from the developer.
Pricing of SIEA Zen EA
Pricing of SIEA Zen EA

The robot costs $999 for a copy. There are rental options provided. The three-month rent costs $199. The half a year rent costs $299. The annual subscription costs $499. The system is available for a demo download. 

SIEA Zen trading strategy tests

SIEA Zen backtest report
SIEA Zen backtest report

We’ve got a cut report of no-name cross pairs. The data period was from 2018 to 2021. The modeling quality was 100.00%. The system traded 460 orders with a 75% win rate for shorts and 65% for longs. The profit factor was only 98%. 

What about SIEA Zen live trading results

SIEA Zen trading results on myfxbook.com
SIEA Zen trading results on myfxbook.com

The robot works on a real EUR account on RoboForex automatically, with 1:30 leverage receiving data from the MT5 terminal. The account has a verified track record. It was well-deposited at €10,000 and created on June 21, 2021. Since then, the absolute gain has become 0.64%. An average monthly gain is 0.37%. The maximum drawdown is 2.26%. 

SIEA Zen trading details
SIEA Zen trading details

It has closed 12 orders with 133.5 pips. An average win is 79.62 pips when an average loss is -57.37 pips. The win rate is 33% for longs and 55% for shorts. An average trade length is seven days. The profit factor is 1.44. 

SIEA Zen trading results
SIEA Zen trading results

The most traded and profitable is USDJPY with three orders and $94.82 of the profits. 

 SIEA Zen hourly results
SIEA Zen hourly results

The robot trades at the Asian market opening and during the European trading hours. 

SIEA Zen daily activities
SIEA Zen daily activities

The system doesn’t trade on Friday at all. Tuesday (4) and Thursday (4) are the most traded days. 

SIEA Zen risks
SIEA Zen risks

The robot works with medium risks to the balance. 

SIEA Zen trading history
SIEA Zen trading history

The system uses broker protection to cover SL and TP levels. 

SIEA Zen monthly profitability
SIEA Zen monthly profitability

The robot doesn’t work stable at all. 

We would like to note

SIEA Zen testimonials on MQL5
SIEA Zen testimonials on MQL5

We have only two positive testimonials. Without trading details, they don’t look relevant. 

SIEA Zen Review Summary

SIEA Zen
2 5 0 1
The system looks like an iconic scam. We have lower than average backtests because the robot worked with low win rates in both directions. Trading results just confirmed that the system is a scam and should be avoided. The pricing is completely out of place. That much can cost only advisors that have been working for years, making stable profits.
The system looks like an iconic scam. We have lower than average backtests because the robot worked with low win rates in both directions. Trading results just confirmed that the system is a scam and should be avoided. The pricing is completely out of place. That much can cost only advisors that have been working for years, making stable profits.
2/5
Total Score
  • Functionality
    2/5 Bad
    The standard functions.
  • Trading strategy
    2/5 Bad
    A trading strategy isn’t revealed.
  • Live results
    2/5 Bad
    Trading results aren’t okay.
  • Customer support
    3/5 Neutral
    The developer is ready to answer all our questions.
  • User reviews
    2/5 Bad
    The system has only two testimonials.

The Good

  • Trading results provided
  • A backtest report shown

The Bad

  • No risk advice given
  • No strategy details explained
  • The robot trades unpredictably
  • The offer costs much
Total
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