Zen Scalper EA Review

Zen Scalper EA promises to give you better trading results than the competition with no manual effort. According to the devs, the system can increase your investment by 70-100%. These are mere lies. We have learned that the tool works with many risks, which increase its susceptibility to losses.

Zen Scalper EA is sold at $59 monthly. Alternatively, you can choose to pay $249 and acquire a lifetime license. There’s a referral license that is being offered for free. A 15-day money-back guarantee is available, but it only applies to the monthly license.

Zen Scalper EA trading strategy

A combination of 2 different strategies is used. The first approach is scalping, which basically entails profiting off of tiny changes in price and making quick profits from reselling. The second one is the grid. This means that the robot places a sequence of buy and sell orders at preset intervals around a fixed price.

Zen Scalper EA features

The features of this robot are included here:

Trades on both the MT4 and MT5 terminals
Lot management is applied
Supports one currency pair – GBPUSD
It is fully automated
Can be used on both single and multiple accounts
Comes with default settings file
The FBS broker is recommended
The best timeframe is M15

Zen Scalper EA backtesting results

Based on this report, the EA can potentially grow your account by 2466.36% within 10 months of trading. As you can see, its trading activities led to a profit of $24663.90. However, it should be noted that numerous risks were involved in trading, causing a high drawdown of 34.28%. This means that you can also lose a lot of money within a short time while using the robot.

There was an average trade length of 58m, and the 2093 trades completed indicate that the system was very active. In the end, the recorded accuracy rates for long and short positions were 65% and 64%, respectively. The profit factor was 1.77.

Zen Scalper EA live trading results

The effects of the EA’s risky algorithm are reflected in this account. It has only been trading for a month, and it has eaten up almost 50% of the capital. Therefore, we don’t foresee a scenario where the account will grow exponentially, as seen in the backtest report. In fact, the account may not survive for long. Anyway, the daily and monthly profits are 1.26% and 45.59%, respectively. A deposit of $7376.03 has been used to make a profit of $6805.64.

This robot’s highly active nature is also reflected in the live market. From October 25, 2021, to date, it has already implemented 366 orders. The number of lots traded is also large — 272.68. So, this increases the EA’s chances of losing trades. No wonder we have an average profit factor of 1.52 and unsatisfactory win rates for long (63%) and short positions (79%).

The stats on the table above tell us that the account is about to be ruined.

The EA’s trading decisions were based on scalping and grid trading strategies.

Zen Scalper EA reputation

Zen Scalper has zero vendor transparency. Info about its owners or developers is not revealed. So, it is hard to tell their reputation in Forex or if they have created other automated trading tools. We figured they would want to remain anonymous given that they are unable to produce an efficient product.

This robot doesn’t have any customer reviews. Probably, customers have not heard about it thus far.

Zen Scalper EA review summary

Based on the live trading results, it is apparent that Zen Scalper EA can make your account useless in a month. The algorithm doesn’t earn much to cancel out the many losses that come about as a result of the bad trades it makes. So, the best choice is to look for another EA.