Zenith robot is available on the MQL 5 marketplace, which holds multiple algorithms within its catalog for traders to choose and trade. The robot works on the MT 5 platform and can be downloaded for a one-time price of $99. The algorithm requires optimization as per the trading environment of your broker.
Zenith Review: To Trust or Not to Trust
Many expert advisors in the financial markets claim to make good returns over a short period. It is interesting to note that many fail to deliver on this promise. Zenith robot claims to make use of a neural strategy that only the advanced algorithms are capable of. However, as we gauge the performance, we know that it is not up to par.
Features
The robot can be bought over the MQL 5 marketplace, where it is available for a one-time price of $99. As per the market rules, there is no money back guarantee once you make payment.
The robot works on USDCHF, EURUSD, USDCAD, AUDUSD, and GBPUSD at the H1 chart. The developer doesn’t mention the recommended leverage, the brokers, and the required deposit, which is a poor activity.
The algorithm utilizes an artificial bee colony algorithm that mimics the behavior of honey bees. Each part of the code within the expert advisor performs its specific function, i.e., checking the pattern, reading the graph, breaking down, and classifying the patterns. It also uses grid trading methods.
Following other features come with Zenith:
- It has many inbuilt settings which can be tweaked to customize it according to your liking
- Based on a neural network that updates itself continuously
- Available on the noted MQL 5 marketplace
- No trading knowledge required
Verified Trading Results
There are no hyperlinks that we could use to get verified trading records. Trading results are available on the signals page at MQL 5 marketplace. They only track the MT4 version of the algorithm, and the developer uses a demo account which is quite fishy. The expert advisor started trading in March 2021 and has already banked 44.34% return during this period with a drawdown of 9.7%. It had a winning rate of 81.25% with a profit factor of 3.15. The EA makes 22 trades per week on average, with an average holding time of 1 day.
Backtesting results are only available as a single image file that shows analysis on some unknown pair and duration. The statistics state that the robot had a winning percentage of 70.97%, with a profit factor of 5.24. The expert advisor had an average profitable trade of $49.47 with a loss of -$23.09. The equity maximal drawdown was 9.76% which means that at one point, the algorithm doesn’t lose more than 10% of the balance from that particular point. There were a total of 2101 trades with a net profit of $59671.10.
Low Drawdown
The robot controls the value of the drawdown, which currently has not exceeded more than 10. The problem is that it has not traded on a live account which can be more challenging for expert advisors. The value may increase by 5 or 10% if the developer uses a live portfolio.
Customer Reviews
Customer reviews are only available at the MQL 5 marketplace, where users state that the results presented by the developer are not true. The algorithm only brings in losses when tested on a real account.
Vendor Transparency
The developers’ name is Olena Skrynnik, and she is located in the United States. She has 14 products available in the marketplace with 47 subscribers and has trading experience of 1 year. She has a 3143 rating.