Zen Scalper EA is a trading solution that has to provide its owner with automatic profits on Forex. The presentation looks short and doesn’t provide settings and many other explanations. The owners claimed that it is “Zen Scalper EA: No Delay, No Hassle, No Missed Profits. Get Best Profits with Zen Scalper EA.”
We can be involved in making profits following three packages. The first pack with a monthly license costs $59. There are both versions of the advisor: MT4 and MT5. The support should be 24/7. The referral license requires us to create and deposit a real account at $3000. We can purchase a real account lifetime copy of the system for $249. The refund policy is only 15 days.
Is Zen Scalper EA good?
It’s difficult to call this system reliable. Trading results have shown that the system blew the real account.
Features of Zen Scalper EA
It’s time to talk about settings, details, explanations that according to the devs would allow us to be profitable.
- The advisor focuses on trading on short time frames.
- Every single day has to be closed for profit.
- The system doesn’t require our supervision.
- We have a “profitable strategy from experienced traders.”
- We don’t know what indicators are used to support a scalping strategy.
- The advisor has to help us with achieving our trading goals.
- The support is 24/7 via email and chat.
- “We are Announcing Perfect Packages for You A 100% Hands Free System, Quick and Easy to set up, Extreme Execution Speed, no external files required, Stay connected 100% of the time and “Trade” while you are working, sleeping, traveling.”
- It has to work with low drawdowns that don’t set our account in danger.
|Trading Terminals||MT4 and MT5|
|Price||$59, $249, and a referral program|
|Money Refund||15 days|
What strategy does Zen Scalper EA use?
- The advisor works with a scalping strategy.
- We don’t know details about time frames.
- The same we have about cross pairs that are allowed to trade.
Backtesting vs live trading results
The presentation includes a Myfxbook verified backtest report of GBPUSD on the H1 time frame. The data period was from December 23, 2020 to October 26, 2021. The absolute gain has amounted to 2466.39%. An average monthly profit was 37.32%. The drawdowns were 34.28%. The system has executed 2093 trades with 2154.6 pips. An average win was 6.90 pips when an average loss was -9.79 pips. An average trade length was 58 minutes. The profit factor was 1.77.
The system showed positive testing in both directions.
The advisor preferred trading on Thursdays.
The test showed that the system was profitable.
The real market had the opposite opinion. As a result, the account was blown. The robot works on a real USD account on FBS automatically with 1:500 leverage on 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 total gain is -98.78%, while an average monthly gain is -71.78%. The maximum drawdown is 99.71%. It’s an insanely risky number. The robot was knocked out from the market because of Margin Call. The account is tracked by 24 traders.
Zen Scalper EA closed 699 deals with 1171.5 pips. An average win is 10.31 pips when an average loss is -16.75 pips. The average win rate is 63% for long and 74% for short trading positions. The profit factor is low – 0.90.
The system tardes only GBPUSD where the long direction was completely lost.
It works mostly during the European trading session.
Monday and Tuesday are the most traded days.
The risks are maximum because the account is blown.
The last trades with huge lot sizes were closed with losses.
The system has zeroed the account.
The core team
We don’t know who the developers are. They didn’t like to disclose intel about themselves.