Zen Scalper EA is a trading advisor that has a simple and not informative enough presentation. The devs insisted that “Zen Scalper EA: No Delay, No Hassle, No Missed Profits. Get Best Profits with Zen Scalper EA.” We’re here to figure out whether we can trust the advisor or not.
Zen Scalper EA strategies and tests
There are nine blocks with short descriptions about what we have to expect from the robot.
- The system can help us with automatic trading on the MT4/MT5 terminal.
- The robot makes solid profits in a short period of time.
- We can rely on reliable profits on Forex.
- It closes every single day for profit. It sounds weird.
- There’s a “profitable strategy from experienced traders.”
- We don’t know settings and details about this strategy.
- It guides us to achieve results that we set.
- We should rely on 24/7 live chat and email support.
- The dev claims that the system works with low drawdowns and sets high goals.
There’s a backtest of GBPUSD on eleven-month tick data. The system had a total growth of 2466.39%. An average monthly gain was 37.32% with significant 34.28% drawdown. The robot executed 2093 trades with 2154.6 pips. An average win was 6.90 pips when an average loss was 9.79 pips. The win rate for longs was 65% and 64% for shorts. An average trade length was 58 minutes. It means that it used a scalping approach to generate profits. The profit factor was 1.77.
Thursday with 500 orders was the most traded day.
The profitability varied much.
Zen Scalper EA trading account review
The advisor works on a just-deployed account with different success.
The robot has been running a medium-deposited account automatically on FBS. The leverage is set at 1:500. The platform is MT4. The account has a verified track record and verified trading privileges. It was created on October 25, 2021, and deposited at $7,376.30. The account wasn’t withdrawn. Since then, the absolute gain has amounted to 159.81%. An average monthly gain is 61.67%. The drawdowns increased from 14.66% to 46.00%.
The system traded 407 orders with 1358.2 pips. An average win is 10.22 pips when an average loss is -12.55 pips. An approximate win rate is 63-78%. An average trade length is 2 hours 48 minutes. The profit factor is 1.69. It was twice higher before a line of losses.
GBPUSD is the only pair to work. The most of the profits were gained on shorts – $9271.58.
It focuses on opening orders during the European trading session.
Monday is the most actively traded day with 121 orders.
There are medium risks of losing ten percent of the account balance.
The system uses a scalping approach and increases lot sizes to generate more profits.This trading approach is very risky and dangerous. We may note that the robot can easily lose five orders in a row.
We have three various packages introduced. The rental option is available for $59 a month. It’s a common offer. We can use the robot on MT4 or MT5 automatically. There’s 24/7 support. The second option suggests we become referrals. To do this, we have to register via their referral link and deposit an account at $3000. The robot can be purchased for $249. The system has a 15-day refund policy provided.
Is Zen Scalper EA a scam?
The robot struggles for survival. Now, it’s a robot below an average line. We should wait for several months for the upcoming results.
We have no testimonials written about how the system can work on customers’ accounts. It’s a con because we have to make a decision blindly.