Zeus EA Review: Is It a Good EA to Buy In 2022?

According to the developer, Zeus EA works at ultra-fast speed and offers complex monitoring and performance for large-scale trading operations. Now, we will review the product below and cover all the features to see if it can be a good investment option.

Zeus EA is owned by Chris Svorcik, Nenad Kerkez, and Mykyta Barabanov. They own the parent brand Elite CurrenSea which houses Zeus EA, and other systems like Athena EA, Portfolio ECS, etc. There is no information hinting at the company’s whereabouts like a contact number, telephone number, etc. Users can only contact them through a live chat box on the website or an email address provided on their site. 

The robot comes in four buyable options: Rental (699 Euros), Lifetime (999 Euros), Rental Sponsored (399 Euros), and Managed Account (0 Euros). Lifetime package is bought on a one-time fee whereas Rental Sponsored must be renewed on a yearly basis. These three options don’t obligate the user to share the profits and require a VPS. 

On the other hand, the Managed Account option entitles the user to share 20-30% of the accumulated profit with the company and does not require VPS. Unfortunately, there is no information about the availability of a money-back guarantee. 

Key features

The robot has the following key features:

• It is compatible with MT4.
• The system is fully automated. 
• The sellers claim that the system is super-fast.
• The EA is claimed to keep the drawdown very low. 
• It supports only one currency pair–EURUSD.
• A minimum deposit to start trading this EA is 2,500 EUR. 
• The devs claim that the best for traders with equity of above 5,000 EUR.
• The devs promise a profit of 3% to 15% per month.

Zen Scalper EA trading approach

The developers of Zeus EA highly recommend that this robot be used for the 5 min EUR/USD currency pair for acquiring maximum benefit. They justify this by stating that this pair offers preferable volatility, liquidity, and a less international risk due to wide acceptability.

From the trading history of the records shared on the website deduce the use of averaging strategies with no fixed stop loss attached with trades. It trades the market with an average trade duration of 14 hours and 6 minutes.

From the trading history on Myfxbook, we can observe the use of grid trading on EURUSD. The lot size is hidden, so we can’t interfere if the developer is also implementing martingale.

Backtesting results

Backtesting results are available for the EURUSD (5 min) currency pair for the time period January 03, 2016–August 19, 2020. These reports show that the system had a monthly gain rate of 2.8%, accompanied by a drawdown of 53.30%, which is not impressive at all. Deposits were 2500 USD, while profit was valued at 9,356.32 USD.

For this period, the system has participated in 14,662 trades with an average trading length of 10 hours and 4 minutes. The winning rate is reported as 70%. The profit factor is shown as 1.52. The algorithm made the worst trade of -72.00 USD and the best trade of 89.6 USD. 

Zeus EA live trading results

The developers share the link to their PAMM records that are verified by Myfxbook. Their system started trading on September 03, 2020. For this period, it had a peak drawdown of 53.52% with an average monthly gain of 3.2%.

It executed a total of 67768 trades with an average win of 8.08 and a loss of -23.18 pips. The winning rate stood at 69% with a profit factor of 1.31.

We have also decided to conduct an additional research and review one of the accounts they have on Myfxbook under their portfolio.

The ECN Zeus EA shows us that not all of their products have a positive gain and some are suffering downside.

This account trading records are available on Myfxbook, where the performance records are public from June 25, 2020. The system made an average monthly gain of -0.78%, a loss. The drawdown of 69.10% bears proof that the system is prone to high risk and points towards a lousy strategy that destabilised the performance. 

The algorithm participated in 5465 trades with a winning rate of 69%. The profit factor was reported as 0.95, which is not impressive considering the high initial deposit they ask for. Astonishingly, the stats for best/worst trade, and the standard deviation appear to be locked and hidden from plain sight. This raises some serious concerns about the seller’s transparency. 

What are the risks with Zeus EA?

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

• The live records show that the drawdown is exceptionally high, pointing towards high losses.
• The sellers are not clear about their strategy or trading logic at all, which makes us blind to the working.
• The developers are not clear about their past profiles, and company whereabouts.

Worth noting!

A past customer at Forex Peace Army bashes Zeus EA, who made them blow their account due to the very high drawdown experienced by them. They also reveal the unprofessional attitude of the sellers, who offered them very implausible excuses for why the account was devastated. So, traders are cautioned to be careful with this robot. 

What are the pros and cons of investing in Zeus EA?