Zeus EA is a fully automated system that performs ultra-fast and complex monitoring of the markets on a rapid scale. The algorithm requires a minimum of €2500 to trade the markets with full automation. We will verify the developers’ claim of 20% drawdown and 5-15% monthly gain in our review so that traders can see if it is profitable for usage.
Zeus EA trading strategy
The algorithm trades on EURUSD due to its volatility and liquidity. It is a fully automated system that works on the MT4 platform.
From the history on Myfxbook, we observe that the robot day trades the market with an average trade duration of 13 hours and 58 minutes. It uses grid and martingale strategies to trade the markets.
Zeus EA backtesting report
The developer provided the backtesting records for EURUSD from January 04 2016 till August 13 2020. The system participated in 14662 trades while winning 10241 and losing 4421. The average amount of profitable executions was $2.69 with a profit factor of 1.52. The modelling quality of the expert advisor stood at 0.0%. The total gain provided by the system was 374.23% with a profit of $9356.32.
Zeus EA live results
The live verified trading records on Myfxbook show that the developer hides important metrics such as monthly gain, lots, commissions, balance, etc. The algorithm placed its first execution on September 3, 2020 and is currently live. The EA participated in 73905 trades with a winning percentage of 69% and a loss of 31%.
The total gain of the expert advisor stands at +26.46, with a Z-score of 380.41. The worst trade performed by the system was -275.8 pip, meanwhile, the best execution was 170 pips. It had a drawdown of 71.01% with a profit factor of 1.04. The bot stands at monthly growth of 1.19% and a sharp ratio of 0.00.
The growth chart has a sharp decline which is due to the max drawdown cap incorporated within the EA settings. To avoid the threat of margin call the robot closed all positions in a loss at the same moment.
Some features of Zeus EA
The robot has various deposit recommendations that differ according to the service you choose, i.e., €2500 for account management and €500 for PAMM.
| Total return | 26.46% |
| Maximal drawdown | 71.01% |
| Average monthly gain | 1.19% |
| Developer | Naand Kerkez and Chris Svorcik |
| Created, year | N/A |
| Price | €699 rental €999 lifetime |
| Type | Grid |
| Timeframe | M5 |
| Lot size | N/A |
| Leverage | 1:500 |
| Min.deposit | €2500 |
| Recommended deposit | N/A |
| Recommended brokers | N/A |
| Currency pairs | EURUSD, (M5) |
| ECN | Yes |
Main things to consider if you invest with Zeus EA
Zeus EA is developed to generate passive income on your portfolio. It has the following features that make it stand out from the other conventional products.
Tracking
The developers track their live and backtesting records on the website. Traders can use them to analyze the system’s current performance and, consequently, the purchase decision.
Service
The algorithm is available by both PAMM and account management options. The first requires traders to open an account with a broker of the author’s choice.
Pricing details
The expert advisor comes with two PAMM services that require a minimum deposit of €500, and the profit-sharing is capped at 30%.
For account management, the company charges €699 for the yearly rental and €999 for the lifetime. The rental sponsored is the cheapest here with a minimum of €399. Compared with the average cost in the market the cost is quite high. The profit-sharing is quite high for the PAMM account options.
Other notes
Investors can contact the developers by filling out a form on the website. There are no live chat options available.
The parent company Elitecurrensea has 86 reviews and a 4.499 rating on Forex Peace Army. One of the traders states that their account is running into a huge loss while using Zeus EA.
