Z Trader FX EA is a trading robot that has a mediocre presentation with a lack of important information. Anyway, the presentation includes a backtest report and real account trading results. For more details, please, read Z Trader FX EA review.
Z Trader FX EA: To Trust or Not to Trust?
Trading results showed that there might be risky strategies on the board because the EA runs wild.
Features
Let’s give it a try and get together all data to make a list of its features:
- The system works fully-automatically for us.
- It trades EUR/USD only.
- The EA doesn’t use scalping, martingale, or cost averaging strategies.
- It was designed to work on the MT4 platform.
- We can work on the demo and real accounts.
- We have to have $100 for trading with 0.01 Lot Size. It’s a standard requirement.
- The minimum deposit should be $200.
- There are free updates and upgrades.
- The installation process takes less than five minutes.
There are two packages without names. The first one costs $117. It includes two real and two demo account licenses. The second pack costs $137. It includes more licenses: three real and three demo ones. They are lifelong licenses. The vendor provides free support and upgrades. The robot delivers without a money-back guarantee.
Verified Trading Results
It’s a EUR/USD backtest on the M15 time frame. It was performed on the two years data. The modeling quality was 90.00%. An initial deposit was $99. The total net profit became $2016.9k. The Profit Factor was 638.10. The win-rate was between 95% and 100%. The maximum drawdown was 16.00%. An average win-streak was 26 trades in a row.
The robot runs a weird real RUB account. It was deposited, withdrawn, deposited again, started trading after a year of existence, etc. The margin level is good – 2289.1%.
The total net return is -24562%. It sounds broken. The average monthly gain is 81.5%. The peak of the drawdown is -6.1%. The win-rate is around 90%. The Profit Factor is 20.10. An average trade frequency is 0.1 deals a day.
The risk to reward ratio is 0.63. An average trade length is over six days. An average win is +$194.60 when an average loss is -$93.60.
The robot prefers the trading BUY direction (76 deals) over the SELL one (20 deals).
There’s a single strategy on the board.
The less traded days are Friday (7 deals) and Monday (19 deals). The most profitable is Monday with $4814.83.
The robot focuses on trading during American trading session.
February is profitable so far with five won deals without any losses.
During the last two weeks, there were five deals closed (with $303.16 and $817.42 profits).
There is a big list of open orders. If they are closed, the account loses over 60% of the balance.
Low Drawdowns
The robot works with low drawdowns.
Vendor Transparency
The vendor has a medium level of transparency. We don’t know who’s behind the robot, and we don’t have refunds, but we have backtest reports and real account trading results.
People feedback
Z trader FX EA has a profile on Forex Peace Army with five reviews and a 1.7 rate based on them.
This person noticed exactly what we saw on the real account when the EA sits in the insanely deep drawdowns.
There are some negative and positive testimonials.
This client experienced what the Russian service is. So, he regrets using the robot.
Other notes
The presentation doesn’t look well-designed. There are some icons from the default template as well as the site that hasn’t been updated for two years.