Zenith EA Review

Zenith EA

Zenith is a new EA that was launched in March 2021, and has been activated seven times. The vendor states that its code is too big and hence cannot be self- learning like her other product, – HumbleBee EA. The robot is presented in the MQL5 website, and here, a list of all the input parameters it uses is provided. According to the vendor, the robot begins working from Monday at 12PM, and is sold 23 times monthly. We noted that the presentation of the EA is too brief.

Olena Skrynnik is the developer behind Zenith. However, we could not find any background information about her or even credentials. It is also not clear if she developed the EA alone or if other developers were involved. Based on her profile on the MQL5 website, Olena has other automated systems including Humblebee, Pepper, and TradeFields. 

Zenith EA At a Glance

Price$199
Trading PlatformsMT5
Currency PairsUSDCHF, EURUSD, USDCAD, AUDUSD, GBPUSD 
StrategyN/A
TimeframeH1
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementNo

Zenith EA Functionality

The EA has the following features:

  • Trades on 5 currency pairs
  • Fully automated and customizable
  • Has a low trading frequency 
  • Does not apply scalping
  • Applies a neural network for trading. Neural networks are characterized by learning periods from history and conducting tests outside this learning period

Zenith EA Trading Strategy Tests

The vendor states that the EA is based on an artificial bee colony (ABC) algorithm. This is an optimization method that replicates the scavenging behavior of honey bees. Just like a bee colony which has 3 kinds of bees that perform different roles, the algorithm has various parts that carry out different tasks. These tasks include monitoring patterns, studying the graph to spot problems, preparing the network on received data, breaking down, and categorizing the patterns. This information is too vague and we still cannot tell the type of trading scheme the EA uses. 

Below is a screenshot of the robot’s backtest report:

Zenith EA backtest report

The backtest report does not indicate the period in which the EA operated or the currency pair it operated with. The total profit generated was $59,671.10. The deposit was not indicated. The profit factor stood at 5.24 while the maximum drawdown was 3.92%. The account conducted 2101 trades. It managed to attain win-rates of 72.17% for shorts and 69.75% for longs. These results are not promising. The average profit trade was $49.47 whereas the average loss trade was $23.09. The recovery factor was 105.13. The EA made 4 wins in a row. 

What About Zenith EA Live Trading Results

Zenith EA Trading Results

The results provided are for a demo account. The system began its operations in March 2021 and has produced a profit of $2,563.74 from an initial deposit of $5,000. This represents a growth of 51.27%. The maximum drawdown is 9.3%. The profit trades are 84.8% and the loss trades are 15.2%. The trading days are 48. The system conducts 20 trades weekly, and the average trade length is 21 hours. There are 14 subscribers for the free signals.

Regrettably, we cannot rely on these results, because they have not been verified by third party sites such as FXBlue, Myfxbook, or FXStat. 

Zenith EA trading statistics

The account conducted 178 trades. It achieved win-rates of 47.19% and 52.81% for longs and shorts respectively. These results are very poor as they indicate that the profitability rate of the account is low. The profit factor is 5.52 and the monthly growth is 12.49%. 

Customer Reviews

We could not find user reviews for the EA on the popular review websites like Forex Peace Army, Trustpilot and Quora. However, there are several user testimonials on the MQL5 website that praise the EA. These reviews are unreliable as we cannot determine their credibility.  

Zenith EA Review Summary

Zenith EA
2 5 0 1
Traders should not invest in this EA. First, the trading strategy explanations are just vague and peculiar. Secondly, the live trading results have not been verified by third parties. Therefore, it is hard to establish how it will perform in the live market. Thirdly, a money-back guarantee is not provided; a customer cannot be refunded if they are dissatisfied with the product. Lastly, we cannot trust the customer feedback provided on the MQL5 site since they could be fake. Testimonials from other third party review sites are more genuine.
Traders should not invest in this EA. First, the trading strategy explanations are just vague and peculiar. Secondly, the live trading results have not been verified by third parties. Therefore, it is hard to establish how it will perform in the live market. Thirdly, a money-back guarantee is not provided; a customer cannot be refunded if they are dissatisfied with the product. Lastly, we cannot trust the customer feedback provided on the MQL5 site since they could be fake. Testimonials from other third party review sites are more genuine.
2/5
Total Score
  • Functionality
    3/5 Neutral
    The EA is automated and customizable.
  • Trading Strategy
    2/5 Bad
    The strategy is unclear and the vendor provides weird explanations about it.
  • Live Results
    2/5 Bad
    Even though the live trading results are provided, they are unverified by third party websites.
  • Customer Support
    1/5 Awfully
    There is no information about customer support; therefore, we cannot ascertain if it is offered or not.
  • User Reviews
    2/5 Bad
    Customer reviews are absent in popular review sites, and the ones provided in the vendor’s sites are unreliable.

The Good

  • Trading results provided

The Bad

  • No money-back guarantee provided
  • The trading strategy is not clear
  • No customer reviews
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