Zenith is a trading EA that places and manages trades based on signals. It is developed by Olena Skrynnik, an active user of the mql5 platform.
Olena comes from the United States and has a 1.8 out of 5 star rating on mql5.
The EA current version is 4.0 and it was updated on June 28th, 2021. The developer offers a demo version of the EA for free. Apart from Zennith, Olena has also developed other robots such as Trade Fields, Coin Trade Fields, Humble Bee, Demo Field and many more.
Features
- Zenith EA uses two signals only for the MT4 platform. The signals are Zenith 1 and Zennith 2.
- The EA trades on H1 timeframe and can run on account with any balance.
- The currency pairs that Zenith EA trades include: USDCHF, EURUSD, USDCAD, AUDUSD and GBPUSD
- The Zenith EA has a low trading frequency and does not use scalping strategy. However, it has grid parameters.
How to start trading with Zenith
The Zenith EA costs $199. However, it has a free demo version that is meant for testing purposes.
According to its developer, the EA uses a neural network for trading. However, she does not explain how it works. To get better results with the EA, you need to make optimization on its settings. This is because the default parameters might not be fit for your broker according to the developer.
The EA contains the following input parameters:
Backtests
In the backtest data below, the robot made a profit of 59671.10 in 2101 trades. The winning percentage was 69.76% while the maximum drawdown was 9.76%. There is no data about the initial deposit and the current balance. The average consecutive wins and average consecutive losses were 4 and 1 respectively.
The trading period is not indicated.
Trading Results of Zennith
Taking a look at the account below, the Zenith robot has been running since March 5th, 2021. We can see a profit gain of $2476.40 representing 48% from an initial deposit of $5000 in a period of 14 weeks. The EA opens 6 trades a week and the average holding time is 4 days. The profit percentage and maximum drawdown is 92.5% and 3.2% respectively. The balance now is $7476.40.
The results are for a demo account while in most cases we expect the vendors to show real account results for traders to see how a particular system is performing in the real world.
What Else You Should Know
We couldn’t find any reviews about the system on FPA and TrustPilot platforms. However we found some customer feedback on mql5 where a good number raised different concerns about the EA.
From the feedback, we can clearly tell that the robot settings are complicated and not all features work. Also the vendor does not provide response to some of the issues raised.
We have attached a few of them below.
Is Zenith a viable option?
Advantages
- Backtesting data provided
- Reviews from customers
Disadvantages
- No live myfxbook or fxblue trading results
- No strategy explanation
- No money-back guarantee
This EA is not a viable option. The developer could have provided more details about the strategy she uses to send signals through the EA to the client’s accounts.
Wrapping Up
We do not urge traders to try out this trading tool. The information provided by the developer is too little to convince traders to buy the EA.
