Zen Scalper EA is an Expert Advisor that was designed to make profits on the Forex market performing a scalping strategy. We have the main claim that it is “Zen Scalper EA: No Delay, No Hassle, No Missed Profits. Get Best Profits with Zen Scalper EA.”
Unfortunately, the devs failed to provide any information about who they are or where their headquarters are located. Our additional research has shown that their server IP location is Newark, New Jersey. Probably, this is the place their main office is located in.
Zen Scalper EA at a glance
|MT4 and MT5
Zen Scalper EA functionality
The presentation includes various information about how the system is going to act on a terminal and what features it has to handle various market conditions.
- The system was designed to help us with managing orders on the market automatically.
- The short time frames at the core ones to trade for this robot.
- It focuses on closing every day at profit.
- There’s a “profitable strategy from experienced traders.”
- The indicators behind the scalping strategy aren’t revealed.
- We can achieve trading goals using this advisor.
- The devs support us with 24/7 email and chat support.
- The drawdowns can be low while keeping our trading results high.
The devs managed to create three packages. The rental pack can be purchased for $59 monthly. It’s a common price for MQL5. We can work with the market though MT4 or MT5 platforms. The support is provided 24/7. The referral package suggests we create a real account and deposit $3000 by using a referral link. We can purchase the system for $249. The refund policy is 15 days long.
Zen Scalper EA trading strategy tests
There’s a report of testing GBPUSD based on 11 months of tick data. The absolute gain was 2466.39%. An average monthly profit was 37.32%. The drawdowns were 34.28%. It has performed 2093 trades with 2154.6 pips. An average win was 6.90 pips when an average loss was -9.79 pips. The accuracy for longs was 65% and 64% for shorts. An average trade length was 58 minutes. The profit factor was 1.77.
The system showed positive testing in both directions.
As a result, all months were closed at profit.
What about Zen Scalper EA live trading results
The advisor keeps running an almost blown real account on FBS automatically. It receives data from the MT4 indicators. The account has a verified track record. It was created on October 25, 2021, and deposited at $7,376.30. Since then, the total gain has become -23.86%. An average monthly gain is -7.59%. The maximum drawdown is 92.13%. It’s such a dangerous drawdown. This means that the Margin Call level was almost reached.
It has traded 695 deals with 1489.1 pips. An average win is 10.31 pips when an average loss is -15.60 pips. The system traes with a low profit factor of 0.96. We’d like to note that a good one should be closer to 2.
The advisor works with GBPUSD. Only the short direction is profitable.
The European trading hours are favorable to trade.
We are surprised that the system opens that many orders on Monday.
It works with maximum risks because of the profit factor less than 1.
It’s clear that the system can lose a whole Grid of orders and trigger huge losses.
For now, the system doesn’t look like a sure bet in 2022.
Anyway, the advisor tries to recover a part of a lost deposit. So, we have to wait for 3-5 months to check if it will be able to do this.
Zen Scalper EA Review SummaryZen Scalper EA
Functionality3/5 NeutralWe know little about the robot.
Trading strategy2/5 BadThe system uses a risky strategy.
Live results2/5 BadTrading results don’t look convincing.
Customer support3/5 NeutralThe support is average.
User reviews1/5 AwfullyWe have no reviews written.
- The backtest report provided
- Trading results shared
- No team revealed
- No risk or money management advice given
- Trading results are horrible
- No people testimonials published