ForexEzy
No Result
View All Result
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
Home Forex Tools Forex Robots

Zenith Review

by Richard Brase
June 10, 2021
in Forex Robots
0
Zenith
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Zenith is a Forex robot launched on 29th March 20021 that has a manual learning functionality. It can trade in multiple currency pairs and you can use it with the Metatrader 4 trading platform. 

The Best Forex Robots Report Is Already Here!
best forex robots
Check out 30+ best expert advisors with daily updated live results and statistics
Click Here

Is This the Perfect Forex EA That Can Win You Profits?

Zenith is sold on the MQL5 website where the vendor has provided us with a brief introduction to the system. We have a list of all the input parameters used by this robot, including a couple of links for the live trading signals. The presentation looks too brief, and we can see that much relevant information is missing from the MQL5 page.

Zenith has been developed by Olena Skrynnik, who is based in the USA. We don’t know much about this person’s background and credentials, or whether they have other people working alongside them. However, from their MQL5 profile, we can see that Olena has developed other automated systems in the past like Pepper, Humblebee, TradeFields, CoinTradefields, and others. 

You can use this Forex EA for trading in different pairs like USD/JPY, AUD/USD, USD/CAD, EUR/USD, and USD/CHF. The robot does not place trades too frequently unlike a scalping system. According to the vendor it has grid parameters well. 

This is not sufficient, however, when it comes to strategy insight, and we still have no idea what kind of trading scheme Zenith follows. Many traders look for information related to the trading strategy since it helps them evaluate the profitability of the system. In the absence of the same, many people might think twice before investing in this robot.

How to Start Trading With Zenith

Zenith is currently being sold for $99 and the vendor claims that they are offering the product at a discount of 50%. You can download a free demo version of the software if you wish to test its performance before using it for live trading. However, the vendor does not provide a money-back guarantee for this product. 

This EA has been built based on the Artificial Bee Colony (ABC) algorithm. This is an optimization technique that is similar to how honey bees forage honey. What this means is that like in a bee colony where different types of bees have different functions, there are different parts of the algorithm tasked with different jobs.

So, while one bee checks the trading pattern, another one identifies problems by reading the graphs, and so on. The EA starts working from 12 PM on Mondays and according to the vendor it works best on the H1 timeframe. It is mentioned that you can use this robot for any type of account. 

Since Zenith is based on a neural network, it has a fixed learning period where it studies the historical data. Following this, it carries out testing outside this learning period. 

Zenith Backtests

Zenith Backtests

On the official MQL5 page, we have screenshots showing what appears to be backtesting data, but they are not presented in a proper format. Usually, backtests should be presented in such a manner that we can see all the key parameters related to the test. There is no way we can get an idea about the robot’s profitability by looking at these screenshots.

Trading Results

Zenith Trading Results

Here we have the live trading results for Zenith on the MQL5 website. As we can see, the robot has been trading for 38 days, during which it has generated a profit of $1770.95. A total of 136 trades have been placed through this account, out of which 118 have been won, thus representing a high win rate of 86.76%.

Unfortunately, we cannot put too much weight on these results, since they are not verified by third-party websites like Myfxbook, FXStat, or FXBlue. 

Other Notes

There are different input parameters Zenith that you can modify to suit your trading style. These include lot size, take profit, stop loss, maximum spread, maximum open orders, etc. The modifications should be performed only if you are an experienced trader, however.

People Feedback

Zenith People Feedback

There are no user reviews for Zenith on the popular review websites. On the MQL5 page, there is a single negative customer review. It seems to us that not many people are aware of this robot’s existence as of now.

Conclusion

Advantages

  • Cheap price

Disadvantages

  • Verified trading results not available
  • Undisclosed trading strategy
  • Lack of backtesting data

Summary

Zenith is not a Forex EA you should consider buying, simply because of the fact that this robot does not have verified live trading statistics. As such, you never know what kind of performance it is going to deliver in the live market.

The Best Forex Robots Report Is Already Here!
best forex robots
Check out 30+ best expert advisors with daily updated live results and statistics
Click Here
ShareTweet
Previous Post

Margin and Leverage in Forex Trading

Next Post

Weekly Review 10-06-2021

Related Posts

GPS Forex Robot 3

GPS Forex Robot 3 Review

by Richard Brase

GPS Forex Robot presentation starts with a video and photo of a developer. The robot introduced an EA that can...

Profit Lab EA Review

Profit Lab EA Review

by Chintan Patel

The vendor claims that Profit Lab EA provides a smart lazy way for users to profit from the Forex market....

Forex Steam

Forex Steam Review

by Adam Stanley

Forex Steam is an expert advisor built to trade on the MT4 platform. The developers claim that their automated trading...

Forex Fury

Forex Fury Review

by Richard Brase

Forex Fury is an automated trading system designed for trading any pair, indices, or crypto. It is compatible with NFA,...

WallStreet Forex Robot

WallStreet Forex Robot Review

by Tim Baudin

WallStreet Forex Robot 2.0 is the latest version of the long-standing expert advisor released in March 2011. This EA is...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Forex Managed Accounts

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
arbitrage atr Avalanche AVAX Coin bollinger bands cci chart patterns classics copy trading courses Crypto day trading forex brokers forex charts forex ea forex education forex forecasting Forex Indicators forex software reviews grid trading hedging ichimoku macd market cycles news trading oscillators Polkadot price action trading rsi social trading SOL Solana strategies tips & tricks trading bots trading platforms trend trading Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2022 by ForexEzy.com

No Result
View All Result
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2022, Forexezy.