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Zenith is an MT4 as well as MT5 compatible software that works on multiple currency pairs. It uses the same algorithm as the HumbleBee EA of the author, Olena Skrynnik. As per the author, the expert advisor executes only a low frequency of trades. It does not use scalping but works with a grid parameter. Olena Skyrnnik is from the United States. She has two years of experience in developing FX products and has created 14 products which include Humblebee, Biscuit, Tradefields, and more.
Some of the key features of this FX EA and recommendations are listed below:
- The FX EA works on the EURUSD, AUDUSD, USDCAD, GBPUSD, and USDCHF pairs.
- It uses the H1 timeframe.
- Any type of account will work well with this FX EA.
- It uses a grid parameter but does not use the scalping method.
- It has low-frequency trading.
- It is not a self-learning system but a manual learning EA due to the large code present.
- The author retrains the system every month to ensure better optimization.
Trading strategies and currency pairs
The main approach used by this FX EA is the ABC algorithm which stands for the artificial bee colony. This is an optimization method that simulates the foraging habit of honey bees. The algorithm consists of employed, scout, and onlooker bees. The bees have the task of checking patterns, reading graphs, and training the network based on the received data. After analysis, the received info is broken down and the patterns are classified from it.
A backtesting report is present of the FX robot on the MQL5 site. Here is a screenshot of the report:
Backtesting report for Zenith EA on the MQL5 site
From the above report, we can see that a total net profit of $59,671 was generated for the backtest. A total of 2101 trades were executed with profitability of 70.97% and a profit factor of 5.24. The drawdown was 3.92%. From the results, we can see the profits were high and the drawdown low indicating a low-risk approach and good performance.
Zenith trading statistics
The author does not provide verified real trading results. Although links to the real signals of the FX EA are given, they do not work. We look for real trading results verified by a third-party site like myfxbook, FXBlue, etc. as they provide valuable info on the performance. With details like the lot size, total return, daily profits, risk to reward ratio, drawdown, etc. we can evaluate the efficacy of the approach and performance. The absence of verified proof raises doubts about the reliability of the system.
Pricing and refund
To buy this FX EA, you need to pay $99. The price is after a 50% discount is applied to the product. A free demo is present for the EA. We could not find further info on the features available with the package as the developer does not provide the details. There is no refund offer present for the product. The absence of a money-back guarantee makes us suspect the reliability of the product. When compared to the market average, we find the price is very affordable.
Customer support
For support, the author does not provide an email address or Telegram channel link as is the case with most of the authors promoting their products on the MQL5 site. The only support option for users is to use the messaging feature on the MQL5 site.
What else you should know about Zenith
Negative review for Zenith on the MQL5 site
Negative review for Zenith on the MQL5 site
Unfortunately, we could not find user reviews for the FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. We found 13 reviews for the FX robot on the MQL5 site with a poor rating of 2.42/5. The recent feedback for the product is bad with one of the users complaining about the fake/modified backtesting results and another complaining that it is a scam. The lack of feedback on third-party sites to back up the poor feedback makes evaluation of the performance difficult.
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