We’d like you to read a review of Forex Zeon X.
As soon as we reached the presentation, we saw a screenshot of trading results.
The next, we see statements about how many accounts the dev has and how many profits there are.
It’s the last screenshot that shows how it was some time ago.
Detailed Forex Robot Review
There are several pages of good-for-nothing wording that says nothing for us. It was hard, but we got it. Here’s the list of EA’s features:
- The system has a feature that hides from a broker Stop Loss and Take Profit levels, and, in addition, protects from slippage, high spreads, and delaying orders execution.
- If the execution time is higher than a preset value, the robot stops opening new orders and waits for it to go less.
- The same we’ve got with spreads. If they are higher than the allowed value, trades execution will be stopped.
- The robot can trade using Lot Size, as well as a percentage of the account balance.
Forex Zeon X Strategy Tests
As it was with the strategy explanations, the developer decided not to share with us backtest reports.
Real Account Trading Results
When we reach trading results, we can see five Myfxbook widgets connected to real accounts.
Let’s dig down into a real USD account on a no one knows broker – NDDFX Technology. An EA traded with 1:200 leverage on the MT5. The deposit funds were $110k. There were withdrawn for $162k. A total gain amounted to +537.22%. The monthly gain was 91.36% with medium drawdowns (31.04%).
After a short look at the balance, it makes clear that it was an arbitrage trading because the account was withdrawn twice almost fully.
The trading ended with insane drawdowns and their frequency.
The EA traded 739 deals with 1042.7 pips. An average win (3.40 pips) equals the average loss (-3.84 pips). The win-rate for Longs and Shorts was 72%. An average trade length was quite short and equaled 6 mins. The Profit Factor was good (1.80).
The typical behavior of arbitrage trading we can see on the sheet. Some symbols have to bring losses, so as for a broker, it looks like “fair” trading.
The EA mostly traded during a European session.
Monday was not the best day to trade. The rest seems common.
The account was run with insane risks.
As we can see, hiding SL and TP worked well and showed only when a deal reaches one of them.
Two arbitrage months were with significant profits.
There’s an offer to force to buy it asap.
The offer includes a 60-day money-back guarantee.
The starter pack was parted from others and introduced alone. For $200, we’ll get a license for one real account and unlimited demo ones, a detailed guide, lifetime support, and nothin was told about free updates.
The Professional package costs $300 and includes two real accounts. The Ultimate one will cost $500 and allows trading on four real accounts.
The site is featured by some fake comments. Sites like Forex Peace Army know nothing about it.
It’s always scary to buy a robot when you know nothing about it. The devs provided wording, not intel. So, we had no info about designers, strategies, settings, backtests, symbols preference, timeframe preferences, VPS/ECN requirements, broker restrictions, preferable leverage, and so on.
Trading results showed that the EA or other software was used to make a profit in arbitrage trading. These types of robots cost a lot of money.
There’s no pricing like $200 for a lifetime license. So, we’d like you to avoid it.