Forex FundsForex Robots

Zeus Review: Is It a Reliable System?

0
Zeus

Zeus is an MT4 Forex EA that supposedly makes 5-15% monthly profits for users. It places instant, error-free orders on a large scale after monitoring the market continuously. The average drawdown is said to be less than 20%, which is well-suited for investors reluctant to take risks.

Zeus was developed by full-time professional traders; Chris Svorcik and Nenad Kerkez. They are the owners of Elite CurrenSea, a company they formed in 2014. Their more than 30 years of combined experience is leveraged in developing multi-asset money management and automated trading solutions for both retail and institutional traders. Currently, the devs are based in Estonia.

The EA has the following characteristics:

  • It is fully automated.
  • The system works on the M5 chart.
  • It supports any account type so long as you work with a trusted broker.
  • The minimum starting equity is €2500.
  • It includes a VPS.
  • Clients are eligible to receive free materials like eBooks, manual guides, and numerous indicators.
  • The devs offer customer support via a live chat.

Trading strategies and currency pairs

Zeus trades on one currency pair only—EURUSD. The vendor states that the system mainly focuses on scalping, intra-day, and intra-week strategies but doesn’t explain what they entail. SWAT (Simple Wave Analysis & Trading) is also utilized for long-term time frames. Like the others, this method is not explained.

Backtest data of Zeus EA

Backtest data of Zeus EA

According to this backtest report, Zeus was backtested between January 2016 and August 2020. From an initial deposit of $2500, a total income of $9356.32 was generated. As a result, the account’s standing grew by 374.25%. The drawdown rate (53.30%) was rather large, proving that high-risk trading was involved.

The EA conducted a total of 14662 trades, recording a profit factor of 1.52 in the end. Losses amounting to -24479.8 pips were reported. Also, we had an average loss (-24.24 pips) that was higher than the average win (8.08 pips). Clearly, the robot had trouble identifying lucrative opportunities.

Zeus trading statistics

Live trading results on Myfxbook

Live trading results on Myfxbook

The above account was deployed in September 2020, and to date, the total gain achieved is 26.25%. As you look at the growth chart, you can see that EA increasingly made profits from the time the account was opened until March 2022. Unfortunately, things turned south as the profits decreased sharply the same month. It’s only recently that the revenues generated began increasing again.

The drawdown, which is 71.01%, shows that the system is a risky trader even in the live market. Other data values are not shown.

Trading performance

Trading performance

There are 73690 completed trades, and they have recorded huge losses equivalent to -157506.9 pips. That’s why the win rates for long (67%) and short positions (69%) are mediocre. The profit factor of 1.04 also highlights the low profitability of the system. The average trade length is almost 14 hours.

Risk of ruin

Risk of ruin

The account is still safe from ruin.

Trading summary

Trading summary

Both long and short positions have reported immense losses equal to -130,044.3 pips and -27655.7 pips, respectively.

Monthly gains

Monthly gains

The system was able to make profits in January and February, but March saw it experience a -39.31% loss rate, which eroded all the gains made in previous months.

Pricing and refund

The robot features the Rental and Rental Sponsored packages that cost €699 and €399, respectively. Both plans expire after a year. If you wish to continue using the system, you can renew your subscription. A one-time payment option is available at €999. A management service is also provided at €0. This plan only requires a supported broker account. It also demands a 20-30% profit share, which depends on the net deposit. None of the packages includes a money-back guarantee.

What else you should know about Zeus

We found a few reviews for this system on FPA. A positive and a negative review are included below to help you have an idea of how traders feel about the product.

Customer reviews on Forex Peace Army

Customer reviews on Forex Peace Army

A user who bought the system almost 2 years ago is very happy with it because it has given him steady gains and a reasonable drawdown. The other user’s opinions are very different. Apparently, the EA caused him to lose 2500 Euros after trading dangerously and generating a high drawdown. This review coincides with the live trading results present on Myfxbook.

Zeus Conclusion

4.1

Zeus is fully automated, so it will save you the time you would have spent assessing the market and placing orders manually. The devs reveal their identities and offer user guides, eBooks, VPS, and multiple indicators for free. Unfortunately, the EA is a poor performer as it makes small profits and a huge drawdown, which can decimate a user’s capital in the worst case scenario.

  • Price-3/10
  • Strategy-4/10
  • Trading results-3/10
  • Vendor transparency-5/10
  • Customer reviews-5/10
  • Support-5/10

    Best Growth ETF: Top 3 for Investment Decision

    Previous article

    BlackRock Rolls Out Blockchain ETF Amid Bullish Stance on Industry

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published.

    More in Forex Funds