This review will be about an FX Zipper trading robot. All powered by Forex Store presentations are several-page long. They have no explanations but have backtests and trading results. This is not an exclusion.
The FX Zipper’s offer costs $345. The package is featured by eight symbols – ready to trade, a single license for any type of accounts, MT4 and MT5 versions of the EA, user manual, free updates, and 24/7 friendly and knowledgeable support. There’s a 30-day money-back guarantee. From Forex Store, we know about “ifs”:
- The EA doesn’t work properly on our account, and they can’t do anything
- A drawdown on our account exceeds 35%.
FX Zipper Strategy
What do we know about the strategy?
- The expert advisor performs a scalping strategy.
- The system allows cutting significant profits from the market moves.
- We can trade eight pairs: AUD/USD, AUD/CAD, USD/CAD, GBP/USD, GBP/CAD, GBP/AUD, EUR/CHF, and EUR/CAD.
- The robot can hide Stop Loss and Take Profit levels from brokers.
FX Zipper Features
Let’s talk about the robot’s features:
- If the deal reaches the profit level, the system goes to closed positions asap.
- It’s a broker-friendly scalping.
- An average profit deal is 6-12 pips.
- The average trading length is less than several hours.
- There’s a special feature that postpones the opening of a trade by signal if it has become unprofitable due to a sharp price increase, requotes, or a fleeting increase of spread.
- The system requires low spreads and low latency to be profitable.
- That’s it.
FX Zipper Backtesting Results
There are backtests for each symbol. It’s GBP/AUD on the M15 time frame. The robot used six-year data. The modeling quality was 99.90%, with variable, provided by brokers, spreads. There were 146251 bars in the test. An initial deposit was $2000. The total net profit has become $29285. The Profit Factor was 2.98. The maximum drawdown was approximately 13%. There were only 368 deals closed. The win-rate is 90.38% for Shorts and 92.59% for Longs. The win-streak is eleven deals.
FX Zipper Trading Results
The robot runs a real USD account on a rarely-used broker – MTrading automatically. It uses technical indicators from the MetaTrader 4 platform. The account has a Track Record Verified badge. It was created on November 19, 2019, and funded at $500.52. The absolute gain has become +127.2%. An average monthly gain is 5.61%. The maximum drawdown is 13.33%. The account is tracked by fifteen traders.
There were 718 deals, with 1771 pips closed. An average win is 7.74 pips when an average loss is -22.29 pips. The robot traded 29.96 lots. The win-rate is 82% for both directions. An average trade length is over seven hours. The Profit Factor is 1.47.
The most traded and the most profitable symbol is EUR/CHF – 144 deals with $298.24. The least profitable is GBP/USD -$56.10.
As we can see, FX Zipper scalps during the Australian trading session.
The most-traded day is Monday – 191 deals. The less traded is Tuesday – 122 deals.
It runs the account with the lowest possible risks.
As we can see, the system uses conservative Martingale without Grid.
January 2021 was closed with a -2.9% loss. So, we have to keep tracking trading results for several months or so.
FX Zipper Reputation
The presentation, as usual, does not include testimonials. We couldn’t find any on the Forex Peace Army or Trust pilot. Forex Store sets an R-rate to it.
FX Zipper Review Summary
- Strategy – score (8/10)
- Functionality & Features – score (8/10)
- Trading Results – score (8/10)
- Reliability – score (8/10)
- Pricing – score (10/10)
Conclusion
FX Zipper is an expert advisor that focuses on trading trend strategy with x3-x4 Martingale. As usual, we couldn’t find any sign of the team, money-management advice, settings, and other useful information. The EA shows unstable trading results and has to be overwatched for several months or even half a year.
