Today’s robot to review is a Z Trader FX EA.
A presentation looks unprofessional and has little useful information that is not systemized at all.
Detailed Forex Robot Review
Let’s give it a try and get together all data to make a list of its features:
- The robot doesn’t use slapping or averaging strategies.
- It runs only on the MT4 platform.
- Lot Size should be set 0.01 for each $100 of the account balance.
- The minimum deposit should be over $100-$200.
- The robot is a fully automated trading solution.
- It doesn’t use a martingale strategy as well.
Z Trader FX EA Strategy Tests
There’s a backtest of the EUR/USD symbol on the M15 timeframe. It was performed for two years. The initial deposit was $99. A total net profit became $2M. Trading was with high spreads (20). A profit factor was 638. For Shorts, the win-rate was 100%; for Longs, it was 95%. The maximum drawdown was 16%. An average win-streak was 26 trades in a row.
Real Live Account Trading Results
We have a real RUB account that’s verified by fxblue. It was created two years ago on August 27, 2018.
Since then, the EA provided +798.7% of the total return. An average monthly return as for trading a single symbol is so high and equals to +12.1%. The maximum drawdown was not so high (-15.5%). Win-rate (89.4%) and Profit Factor (6.95) are outstanding. The EA trades 3-4 deals weekly.
The Sell direction was traded with a 96% win-rate and 127 profit factor. It’s one of the best results on the market. You can say that’s close to “beat the market.”
It runs just a single strategy.
As it should be, the most traded days are Tuesday and Thursday.
According to the hourly sheet, the robot trades a European session and a bit an American one until the midday news approach.
As we can see, the EA became better and started trading more frequently. 27 deals from 27 were won in April. Dang! It’s 100% win-rate. How could it do this? Many months didn’t have profit factors because there were no losses.
There are two no-name offers. For $120, we can get two real and two demo account licenses. For $140, it’ll be three real and three demo ones. Both packages include lifetime licenses and free supports with upgrades. We couldn’t find any sign of a money-back guarantee.
There are not so many reviews on the Forex Peace Army site. The average rate is 2.07 from 5.
As we can see, the EA likes to open trades in the opposite of the trend direction.
From this story, we knew that a Russian dev is not a welcome person, he doesn’t care about EA’s performance on the client’s accounts, and there’s no money-back guarantee as well.
The same review but in a short form, we have here.
Trading results on the dev’s account look so adorable, but there are several “buts.” We don’t know if these results were obtained, having used the Z Trader FX EA he sells to us.
The devs said no trades on Friday were allowed, but the customer has seen the opposite. Second, “Russian service” is something that has never existed. So, be ready for ruddiness.
The last cons are that there’s no money-back guarantee, as well as positive feedback from respectful customers. As for these trading results, there’d be many of them on the Forex Peace Army. Yes, the devs made these trading results, but they’re not up to this EA.