Zeus is an ultra-fast automated trading system that is able to carry out large numbers of trades. It is designed to produce a passive monthly income for you with little effort. All you need to do is to set up the EA, fund an account, and let it run things. According to the devs, the system has been trading live since 2019, averaging a 15% monthly profit.
Detailed Forex robot review
Find below the characteristics of the robot:
- It is fully automated.
- It only works with the EURUSD currency pair and on the M5 timeframe
- It’s compatible with the MT4 trading terminal.
- The minimum starting capital is €2500.
- The Ea works well with any account type that has a trusted broker.
- The recommended brokers include Key to Markets, XM, AvaTrade, MTrading, and Axi.
Elite CurrenSea is the company that created this trading tool. It was established in 2014, and in addition to producing automated tools, it also engages in market research, event management, and industry commentary. The professionals behind the company include:
- Nenad Kerkez (CEO). He has a background in Forex and CFD trading.
- Chris Svorcik (Head Trader). He is an award winning trader and analyst.
- Mykyta Barabanov (CMO). He is involved in growth marketing, investing, and business development in the company.
Zeus strategy tests
The devs say that they are not willing to share the exact rules their system uses to find trades. The only available info about the strategy is that the EA trades on EURUSD mainly because of the pair’s highly liquid and volatile nature that enables it to withstand risks specified in each trading setting.
As you can see above, the EA was backtested using the 2018-2020 period data on the M5 chart. A total of 7442 trades were completed, reporting win rates of 71.08% for short positions and 69.63% for long ones. The resulting net profit of $4597.14 was rather small considering that the money invested ($10000) was huge. It means that the robot failed to break even.
Low trading risks were involved going by the small drawdown produced—9.06%. The profit factor was 1.55, whereas the average profit trade and loss were $2.48 and -$3.80, respectively.
Live account trading results
These are the live results for a real account Zeus is managing on Myfxbook. It was opened on September 3, 2020, and unfortunately, the drawdown has increased substantially to reach 71.01%. This is a dangerous figure as it means that the capital is at high risk of being decimated.
The low monthly profitability rate (0.74%) is a major concern as well. It shows that the system grows an account very slowly. Hiding the other data values from plain sight further fuels our suspicion about the EA’s efficiency.
The robot has already participated in 71152 trades and has an average trade length of 14h 2m. The win rates achieved for both long (68%) and short (69%) positions are nothing to write home about. Moreover, a loss of -144427 pips is reported, a sign that the account is not doing well.
The EA has made devastating losses in March (-42.56%), wiping out all the profits it made in January and February combined.
The system trades with grids of orders and has made profits and losses as a result.
Zeus has 3 different paid plans. We have the rental and rental sponsored packages that cost €699 and €399, respectively. Both have to be renewed yearly. A lifetime option is also available at €999. However, if you want the vendor to manage your account instead, then you don’t need to pay anything. All that is required from you is to use one of the company’s recommended brokers on your account.
There are a few reviews for this system on FPA. One trader who posted his review about a month ago has given Zeus a 5-star. He is happy because the EA gives him steady profits. However, another one claims that the system burned his account though it had produced great results for him at the beginning.
Zeus is fully automated and hence eliminates the need for you to conduct trades manually. Therefore, you are able to save on time and engage in other productive activities. On the downside, the system limits a trader to only using one currency pair and exposes their capital to innumerable risks. So, you might end up with a high drawdown.