The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Zen Scalper EA: Is It a Good EA to Buy In 2022?
    Automated Trading Forex Robots

    Zen Scalper EA: Is It a Good EA to Buy In 2022?

    January 6, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Zen Scalper EA
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Zen Scalper EA uses auto money management techniques and claims to provide 70-100% return on a deposit, trading with up to 100% accuracy. The developer states that it follows a profitable strategy and comes with 24/7 support from its side. We will review the product and cover all the pros and cons to see if it can be good enough to invest money in.

    Pricing

    The robot comes with a monthly subscription for $59. Traders can also use it for a lifetime at an asking price of $249. 

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    The developer provides the robot for free if investors choose to open a trading account with the broker of their choice and fund it with at least $3000.  

    Subscription packages
    Subscription packages

    Vendor transparency

    There is no information available on the real developers of the system. Traders can only contact them through their email and by filling a form on the website. There are no addresses or telephone contacts available. 

    Key features

    The robot has the following key features:

    • It is compatible with both MT4 and M5 brokers
    • There is a risk management option at hand
    • The system comes with 24/7 email support
    • The dev claims that the robot is 100% consistent

    Zen Scalper EA trading approach

    The robot uses a scalping approach to trade the markets on the M15 chart. There is no further information on the strategy, so we use the live records for analyzing the methodology. From there, we see that it trades on GBPUSD using both grid and martingale strategies. The average trade duration stands at 2 hours and 54 minutes, pointing to a day trading style. This goes against the scalping statement made on the website. 

    Trading history
    Trading history

    Backtesting results

    Backtesting results are available for GBPUSD and are tracked via Myfxbook. The relative drawdown was around 34.28%. The winning rate was 65%, with a profit factor of about 1.77. On the 15 minutes chart with a starting balance of $1000, the robot tanked an average profit of $24663.91 for this period. There were 2093 trades in total in which the best trade was $912, while the worst one was -$456.

    Backtesting records
    Backtesting records

    Zen Scalper EA live trading results

    Verified trading records are available on Myfxbook, where the performance records are public from October 25, 2021. The system made an average monthly gain of 2.07% for the period, with a drawdown of 92.13%. The stated drawdown shows us that the strategy used by the robot is highly risky and can cause a margin call on the account.  

    The winning rate stood at 68%, with a profit factor of 0.99. The best trade was $511.2, while the worst was -$1274.13 in a total of 535 trades. The developer made $7376 in deposits and $0 in withdrawals. 

    Live records
    Live records

    What are the risks with Zen Scalper EA?

    We can observe the following risks while trading with the robot:

    • The live records show us the use of extremely risky grid and martingale strategies
    • There is a high drawdown on the account, which wipes almost all of the balance
    • The developer is not clear on their whereabouts and experiences

    Worth noting!

    A customer on Forex Peace Army dictates that while using the robot on GBPUSD, they have received a margin call on their account. Traders have to be careful while using the robot. 

    Customer reviews on FPA
    Customer reviews on FPA

    What are the pros and cons of investing in Zen Scalper EA?

    ProsCons
    Multiple packages are available for purchasingNo transparency from the developer
    A high drawdown
    Uses a risky grid and martingale combo
    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    Zen Scalper EA Conclusion

    42% Summary

    Zen Scalper EA is not transparent on the strategy it uses. The developer has a high drawdown on their live account, not convincing us to buy the product. There is no live chat support available, as claimed by the author.

    • Features 6
    • Pricing 5
    • Strategy 3
    • Performance 5
    • Reliability 2
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022
    social trading

    Best Social & Copy Trading Platforms

    June 30, 2022
    Gunbot Review: Pros, Cons, Recommendations
    5.3

    Gunbot Review: Pros, Cons, Recommendations

    June 28, 2022
    Smart Crypto Bot Review: Pros, Cons, Recommendations
    4.6

    Smart Crypto Bot Review: Pros, Cons, Recommendations

    June 27, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    1  +  3  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.