Athena is a trading advisor that was designed by the EliteCurrenSea company. The main page informs us that there are trading results and reviews on Trustpilot available. The developers insisted that we can get from 8% to 25% per month. They promise us an “explosive account growth” and an average drawdown of 30%. In this review we will check the veracity of the vendor’s claims to see whether this recently launched EA can be trusted or it’s better to avoid it.
There are several packages available to work with. We can rent the robot out for €799 for a year. The devs suggest we purchase a lifetime license for €999. We have a possibility to work through a managed account. There’s a commission of 25-35%. The profit share rate is over $400–35%, $800–30%, $5,000–25%, $15,000–20%. A refund policy is not applied.
Athena EA trading strategy
- The developers claimed that the system can cover us with automatic orders execution.
- It can work with the market on the MetaTrader 4 platform.
- We should use the robot only with risks that we can handle.
- There’s a Grid of orders strategy applied to the system. Also, there are Swing Trading and Price Action strategies on the board.
- It can use Price Action and Swing Trading strategies as the main ones.
Athena EA features
The presentation is featured by various explanations about how the system functions and what we have to expect from its performance.
- The developers claimed that the system can cover us with automatic orders execution.
- The profitability of our real account can be up to 25%.
- We should use the robot only with risks that we can handle.
- There are no hidden fees available.
- The developers provide us with trading results to show that the robot is stable and can be used safely
- The system doesn’t have access to withdrawing our account.
- A VPS service will be a good addition to this system.
- We can rely on support.
- There are two developers behind this service.
- Nenad Kerkez is an award winning co-founder of Elite CurrenSea. He is a regular contributor to Forex Factory, FXStreet, FXEmpire, Investing.com, as well public speaking events.
- Chris Svorcik is an award winning trader, analyst and a mastermind behind the Elite CurrenSea (ECS) since 2014.
Athena EA backtesting results
We’d like to note that the presentation doesn’t include any kind of backtest reports that would convince us that the system was tested properly before being released.
Athena EA live trading results
We have a robot working on a real EUR account automatically. The broker was chosen as the most popular one for automatic trading–IC Markets. The leverage is 1:500. It receives data from the indicators from MT4. The account has a verified track record. It was created on January 07, 2021, funded at €21,669.95, and withdrawn at €33,656. Its total gain has grown to 185.59% with an average monthly gain of 7.37%. The maximum drawdown is 33.73. So, we need to admit that the drawdown is as high as was promised by the dev. It’s a good sign.
Athena EA has performed 21,552 deals but lost -10.994 pips. This means that the system isn’t profitable without Martingale. An average win is 6.44 pips when an average loss is -18.04 pips. An average trade length is over five hours.
The advisor works with the EURUSD mostly, where 21,425 deals were traded.
We may note that the system uses Martingale on Grids of orders.
Athena EA is going to close March 2022 with profit too.
Athena EA reputation
There’s a page of the mother company deployed to the Forex Peace Army. The devs decided not to connect trading accounts to the profile.
Among positive feedback, we have lots of people who couldn’t manage to be profitable with their trading solutions. Nevertheless, the company’s rate is 4,499 based on 86 reviews published. So, most traders are satisfied with the trading results they get with Athena EA.
Athena EA review summary
- Strategy – score (6/10)
- Functionality & Features – score (6/10)
- Trading Results – score (7/10)
- Reliability – score (6/10)
- Pricing – score (5/10)
Athena EA is a trading solution that executes orders on a real account. The system works based on a Grid with Martingale combo. This sets the account at higher risk because trading requires several more times margin to keep orders from Margin Call. The offer doesn’t include a refund policy. However, most traders are contented with the results they achieve with Athena EA.
