Expert AdvisorsForex

Zeus EA Review: Things You Need to Know About Investing

2 Mins read
4.2

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.

Trading history from Myfxbook
Trading history from Myfxbook

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.

Backtesting on Myfxbook
Backtesting on Myfxbook

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.

Live trading records on Myfxbook
Live trading records on Myfxbook
Live trading records on Myfxbook
Live trading records on Myfxbook

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 return26.46%
Maximal drawdown71.01%
Average monthly gain1.19%
DeveloperNaand Kerkez and Chris Svorcik
Created, yearN/A
Price€699 rental €999 lifetime
TypeGrid 
TimeframeM5
Lot sizeN/A
Leverage1:500
Min.deposit€2500
Recommended depositN/A
Recommended brokersN/A
Currency pairsEURUSD, (M5)
ECNYes

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.

The customer review at Forex Peace Army
The customer review at Forex Peace Army

Zeus EA Summary

4.2
Zeus EA has a high drawdown according to the live records on Myfxbook. This is due to the implementation of grid strategy, which is generally termed risky. The authors are not fully transparent about their portfolio and refuse to disclose the game plan of the EA.
5.0

Functionality

7.0

Reliability

5.0

Strategy

3.0

Price

3.0

Trading Results

2.0

Vendor Transparency

Pros

  • +A positive rating on Forex Peace Army
  • +The robot has backtesting and live records available

Cons

  • -No link to the author's portfolio
  • -A high drawdown
  • -Uses grid strategies
  • -Multiple metrics on Myfxbook are hidden
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