Zenith Review

Jul 14, 2021 07:38 AM ET
Zenith Review

Zenith is a Forex system that trades based on signals. It is built by Olena Skrynnik, a Forex trader who hails from the United States. She is also an active user of the mql5 platform.

The software’s current version is 4.0 and it was updated on June 28th, 2021. Besides Zenith, Olena has also developed other robots like Coin Trade Fields, Trade Fields, Humble Bee, Demo Field, and many more.

The EA uses two signals namely Zenith 1 and Zenith 2 for the MT4 platform. However, there is no explanation of how the two signals work.

Zenith

Type

Fully automated

Price

$199

Strategy

N/A

Compatible Platforms

MT4

Currency Pairs

USDCHF, EURUSD, USDCAD, AUDUSD, and GBPUSD 

 

Timeframe

H1

Recommended Min. Deposit

Any

Recommended Deposit

Any

Leverage

N/A

Trading Strategy Explanation

The EA trades on the H1 timeframe and can run on any account balance. The developer states that the software uses a neural network for trading but doesn’t explain how it works. She recommends that to get good results with the system, traders need to optimize its settings. This is because the default parameters might not be fit for their brokers.

Backtest Data Analysis

Zenith Backtests

In the backtest data provided, this robot made a profit of $59671.10 in 2101 trades with total deals of 4202. Out of the 2101 trades, 1491 were winning ones and 610 were losing trades. The profit percentage was above 70% while the loss percentage was 29.03%.

The maximum drawdown was 4.5% with the largest profitable trade having $431.00 while the largest loss trade standing at $-231.40.  The EA’s profit factor and recovery factor were 5.24 and 105.13 respectively.

Live Trading Data Analysis

Trading Results

Mql5 Account

Real, USD (RoboForex)

Started

March 26th, 2021

Deposit

$5000

Balance

$7458.48

Gain

49.17%

Daily

N/A

Monthly

N/A

Drawdown

9.7%

Profitability

83.60%

On the trading results shown below, the EA has been trading the account since March 26th, 2021. It has made a profit of $2458.48 in 183 trades. Out of the 183 trades, 153 were wins whereas 30 were losses. The profit percentage is 83.60% while the maximum drawdown is 9.7%.

Zenith trading results

Zenith trading results

 

The system executes about 19 trades per week with an average holding time of 22 hours. The average profit and average loss are $20.49 and $-22.53 respectively.

The best trade gained a profit of $140.02 while the worst trade had a loss of $108.34. This is a more of a 1:1 risk to reward ratio since the profit and loss are almost the same. 

Customer Feedback

From our search on FPA and Trustpilot, we couldn’t find any reviews about the system however there are comments on the mql5 platform where some customers agree that the software works while others do not see any progress on their accounts.

Zenith Customer FeedbackZenith Customer Feedback

Review Summary

Pros

Cons

  • Small drawdown
  • No customer review on third party platforms like FPA
  • Trading results available
  • There is no explanation about the trading strategy
  • The vendor’s identity disclosed
  • There is no money-back guarantee:

This trading system doesn’t provide enough information traders may need to examine it before deciding to buy. With no convincing features to count on, we see no reason to consider the EA for automated trading.

We expected the developer to explain further how she arrives at her two signals and how they are directly copied into the trader’s accounts by the software. Most traders invest their money into systems that have well-explained trading strategies.


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