Z Trader FX EA is a Forex solution that has a weird presentation. There’s no main claim that describes the most advanced robot features or something positive. The site includes only backtest reports and verified trading results.
There are two packages that vary by the number of licenses. The first pack costs $117 and includes two real and two demo account licenses for MT4. The second pack costs $137. It’s featured by three real and three demo account licenses for MT4. All of them include information about lifelong licenses, free support, and upgrades. We can’t rely on a refund if something happens.
Z Trader FX EA Strategy
We have no information about the strategy or strategies the system uses.
Z Trader FX EA Features
There are few features provided:
- Z Trader FX EA runs an account automatically for a trader.
- It can work only on a EUR/USD currency pair.
- The system doesn’t use Scalping, Martingale, or Averaging.
- The robot can work only on the MetaTrader 4 platform.
- We can test the system on a demo account before starting using it on the real one.
- The minimum margin requirements are $100 for trading with 0.01 Lot Size.
- The minimum deposit can be higher than $200.
- The system will receive free updates and upgrades.
- We have to spend just several minutes making the robot set on the terminal.
Z Trader FX EA Backtesting Results
We’ve got a EUR/USD backtest on the M15 time frame. The data was chosen from the period 2016-2018. The modeling quality was 90.00%. An initial deposit was $99. The Total Net Profit has amounted to $2,016,982.59. The Profit Factor was 638.10. The win-rate was 100% for Shorts and 94% for Longs. The maximum drawdown was 16.00%.
Z Trader FX EA Trading Results
Z Trader FX EA runs on a real RUB account. The account was withdrawn and deposited several times. We have trading results only from 2020. It looks like the negative results were removed. The account was created on September 3, 2018, but trading activities were started on July 15, 2020, from the -3401 RUB balance. We don’t know who the developers want to trick. Now, the Floating Loss is -38,102 RUB. It’s over half of the available margin.
The total return is -19522.9%. So, in the removed period, the EA has zeroed the account. It works with EUR/USD. The average monthly gain is 68.9%. The maximum drawdown is -6.1%. The win-rate is 89.2%. The Profit Factor is 21.26. An average trade frequency is too low (0.1 deals a day). The account is live for 940 days.
The Risk to the Reward Ratio is 0.61. An average trade length is 5.9 days. The risk of ruin is insanely high – 89.3%. An average win is +187.76 RUB when an average loss is -72.85 RUB.
The system focuses on the BUY direction (87 deals) over the SELL direction (24 deals).
The robot works with a single strategy on the account.
Wednesday is the most traded day – 30 deals, when Monday is the most profitable for trading – 5022.04 RUB.
Z Trader FX EA trades at the end of the European trading hours.
The system opens approximately ten deals a month, and this is an impossibly low trading frequency.
There are twelve open orders that are experiencing an insanely deep drawdown period. If these deals get closed, the account is halved.
Z Trader FX EA Reputation
Z Trader FX EA runs a profile on Forex Peace Army with a 1.7 rate based on five reviews.
The trader experienced exactly what we saw. The system sits in a huge drawdown. He couldn’t handle this and closed these trades manually.
It’s another proof of low trading frequency.
This person experienced communication with the developer, and he regretted using the service.
Z Trader FX EA Review Summary
- Strategy – score (2/10)
- Functionality & Features – score (2/10)
- Trading Results – score (3/10)
- Reliability – score (2/10)
- Pricing – score (4/10)
Conclusion
Z Trader FX EA runs a real account where previous trading results were removed after the account was burned. The system is dangerous because the risk of ruin is sky-high, and there are 12 open orders that can easily halve the account. The developer doesn’t support a money-back guarantee. Their customer reviews are negative.
