Zenith is a trading advisor that was published on MQL5 on March 29, 2021 by Olena Skrynnik. The robot has a 1.2 version that was uploaded on May 3, 2021. There were only seven activations of the product. It was downloaded 540 times. 

Zenith EA: Characteristics

There are not so much information about system functionality provided:

  • The advisor can execute orders fully automatically. 
Zenith EA parameters
  • We have settings which we can customize. 
  • The robot has a self-learning algorithm.
  • The advisor is a frequently traded solution. 
  • There’s no scalping strategy behind the robot. 
  • It executes deals from 12 p.m. on Monday.
  • The robot can be applied to any type of trading account. 
  • “The system uses a neural network for trading. The specificity of neural networks is such that it requires a period of learning from history and testing outside this period of learning.”
  • The developer mentioned that the default parameters should be updated before getting started. Many traders can’t simply do this. 

Currency Pairs, Strategy & Timeframe

  • “EA based on artificial bee colony (ABC) algorithm is an optimization technique that simulates the foraging behavior of honey bees.” It’s nonsense and can’t be explained. 
  • “In the ABC algorithm, there are three types of bees: employed bees, onlooker bees, and scout bees. Each bee does the knowledge assigned to it: checks the patterns, reads the graph to identify problems, trains the network on the received data, breaks down, and classifies the patterns.” The same can be said about this statement. 
  • The advisor opens trades on USD/CHF, EUR/USD, USD/CAD, AUD/USD, and USD/JPY
  • The only time frame is H1.

Zenith EA Trading Performance

Zenith EA Backtests

There’s a report for one or many currency pairs. There are no explanations provided. The data period details weren’t revealed as well. The history quality is 100%. The total net profit was $59,671.10. The maximum drawdown was 3.92%. The Profit Factor was 5.24. The Recovery Factor was 105.13. The system has traded 2101 orders. The accuracy rate was 72.17% for Shorts and 69.75% for Longs.

ZENITH EA trading results

Trading results are received from a demo account on the RoboForex broker. The system works automatically. The leverage is 1:500. The maximum drawdown is 3.7%. The accuracy rate is 84.4%. The maximum deposit load is 3.9%. These signals are three-starred. The system has been working for 16 weeks. The maximum growth is 49.11%.

ZENITH EA trading results

The system opens 19 orders weekly. An average trade length is 21 hours — fourteen people subscribed for these signals. 

ZENITH EA trading results

July 2022’s profitability went under zero. 

Zenith EA drawdown

The drawdowns are significant and consistent. 

ZENITH EA trading results

The last deal was closed with a huge loss. 

ZENITH EA trading results

The advisor has traded 179 deals. The best trade was $140.02 when the worst trade was -$108.34. The Gross Profit is $3,130.32. The Gross Loss is -$674.92. An average trade length is 21 hours. The Recovery Factor is 15.39. The Profit Factor is 4.64. An average profit is $20.73 when an average loss is -$24.10.

Zenith EA distribution

It’s a pity that we have only trading results from the EURUSD currency pair.

ZENITH EA. There are some warnings from MQL5.

There are some warnings from MQL5. 

How much does it cost?

The robot costs $199 for a product copy. We have no rental possibilities provided. So, we can’t check it on the real or demo account. We can download a robot copy for demo purposes. 

Reviews from customers

Zenith EA Reviews from customers

The comments show that the system is not quite good on a real account like on the developer demo account. 

Should You Use Zenith EA?

ProsCons
Demo-account trading results No strategy details explained. We have no idea what the robot is up to
No risk advice given as well as money-management options
The backtest has some details not explained, like a data period
Only demo account trading results provided 
July started with huge losses
The system is a young trading solution
People couldn’t be profitable with this advisor on real accounts
We have no rental option provided 

Conclusion

Zenith EA is a robot that doesn’t make money on the real account. It’s suspicious because the owner decided not to make money using this advisor. People have given it a try and noted that the system couldn’t manage to provide stable and predictable profits.