Zen Scalper EA assures high returns with its automated and efficient trading. The vendor claims that the FX robot gives better results than its competitors without any manual effort. Optimization of the FX EA is also possible to increase its profitability. There are no company details present on the official site. We could not find info like the founding year, the developer team, other products, location address, phone number, etc. The absence of info indicates a lack of vendor transparency that raises doubts regarding the reliability of the product.
According to the vendor, this ATS can bring big returns in a short span for all its users due to the following features:
- It is 100% profitable and provides world-class FX service.
- The EA is a set and forget type of software.
- It uses a profitable strategy used by professional traders.
- Provides nearly 100% accuracy.
- Live chat that works 24/7 and email support is present.
- The MT4 tool is managed by professional experts.
For the timeframe, the vendor recommends the use of M15 timeframe. The vendor does not provide info on the currency pairs it works on or the recommended deposit.
Trading strategies and currency pairs
The vendor does not explain the strategy other than mentioning that it is a profitable approach used by experienced traders. A backtesting report is present on the myfxbook site for this FX robot. Here are the screenshots of the strategy tester report:
From the above report, we can see the test was carried out from December 2020 to October 2021 on the M15 timeframe. A total gain of 2466.39% was generated for a deposit of $1000. The daily and monthly profits were 1.06% and 37.32% respectively. A drawdown of 34.28% was present. For a total of 2093 trades, the profitability of 65% was present and the profit factor was 1.77. From the trading history, lot sizes ranging from 1.26 to 1.89 were used. The high drawdown and big lot sizes denote a risky approach that can put your capital at risk.
Zen Scalper EA trading statistics
A real USD account verified by the myfxbook site is present for this MT4 tool. The account uses the FBS broker and the leverage of 1:500. Here are screenshots of the trading results.
From the above stats, we can see the account that started in October 2021 with a deposit of $7376.30 shows a total gain of 14.56% and an absolute loss of 12.39%. The daily and monthly profits are 0.14% and 4.70%. A drawdown of 92.13% is present.
From the high drawdown and the absolute loss percentage, it is clear that the strategy is risky resulting in the account showing a loss of $619.63. For a total of 664 trades, 68% profitability is present with a profit factor of 0.99. From the trading history, we can see the lot size ranging from 0.37 to 0.63 is used. The big lot sizes also indicate a high risk. Comparing the backtesting results with real trading stats, the drawdown is 3 times higher in the latter and the profit factor is lower indicating a higher risk and poor performance.
Pricing and refund
A monthly license subscription package costing $59, and a lifetime access package costing $249, are the main packages present. Features provided with the packages include automated EA service compatible with MT4 and MT5 platforms, lot management, 24/7 customer support, and instant order execution. A referral license is present that requires a minimum balance of $3000. When compared to the average market price of similar services, the price is expensive. A 15-day money-back offer is present for the packages.
What else you should know about Zen Scalper EA
We found feedback for this FX robot on the FPA site. There are two reviews for the company with one user complaining of the EA blowing up his account, while the other user is happy with the performance as it made over 100% in a week.
For support, the vendor offers an email address for general info and technical support, an FAQ section, an online contact form, and a live chat feature.