Zenith is an EA working on the MT5 platform. It uses the ABC (Artificial Bee Colony) algorithm for optimizing trades. This FX EA does not trade frequently and is a manual learning EA. As per the developer, this MT5 tool uses grid parameters and does not use the scalping approach. You can purchase it for $199. A free demo is also available.
Zenith Trading Strategy
This EA uses the artificial bee colony algorithm. This is an optimization method that mimics the honey bee behavior. In this EA, three different bee types are present namely employed, onlooker, and scout bees. Each of the bees takes care of tasks like pattern verification, reading of graphs, training of networks, pattern classification, and more. Although the developer mentions the grid approach there is no further explanation provided.
Zenith Features
This is an EA that the developer claims to be a manual learning system. The features of this FX trading tool include input parameters like Trailing stop, Maximum position that can be held on a grid, SL, TP, lot sizes, etc. This MT5 trading tool works on five currency pairs mainly which include the USDCAD, USDCHF, EURUSD, GBPUSD, and AUDUSD.
As a default setting, this EA has low-frequency trading. An H1 timeframe is recommended and any number of accounts can be used as per the developer info. The neural network technique is used for trading. Due to this, the developer claims that both historical tests and forward tests are required to test the efficacy of the system.
Zenith Backtesting Results
A backtesting result is present on the MQL5 site. Here is a screenshot of the strategy tester report with 100% real ticks history quality.
From the above report, we can see a total net profit value of 59671.10 for a total of 2101 trades. The profit factor is 5.24 and the maximum drawdown is 0.77%. Profitability of 72.17% is present for the account. Although the results show high profits, they are based on historical data and cannot predict a similar result in the future. Most often such expert advisors reveal good performance in the historical test but fail to produce similar profits in the real account trading.
Zenith Live Trading Results
We found trading results for this EAon the MQL5 site. Here is a screenshot of the results:
From the above images, we can see a growth percentage of 49.11% for an initial deposit of $5000. The account started trading on March 26, 2021, and has completed 16 weeks of which there have been 49 trading days with an average of 19 trades per week. A drawdown of 9.7% is shown with profitability of 84.4%. Although the account reveals a 49% growth the small sample size makes it difficult to assess the true performance of the EA. Furthermore, the results do not reveal important details like lot size and other related info.
Zenith Reputation
Olena Skrynnik is the developer of this EA. She is based in the United States and has a rating of 1.9/5 stars for the products, signals, and freelance orders undertaken by her. As per the MQL5 site info, she has one year of experience in trading and has developed 14 products, 199 demo versions, and 3 signals. There are 42 subscribers to her signals.
We could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The MQL5 site has 8 reviews for the expert advisor with a rating of 3/5. Here are screenshots of a few of the testimonials:
From the reviews, it is clear that although the backtests show good results, the real account trading results in a big loss. Another reviewer mentions problems with the FixLot and auto TP and SL settings.
Zenith Review Summary
- Strategy –4.5/10
- Functionality & Features – 4/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 5/10
Conclusion
Zenith is an expert advisor that does not possess the necessary features that help in a good performance. While the developer mentions the ABC algorithm and neural network method used, there is not much info on the grid approach used. The backtesting report shows appreciable profits but as seen from the user feedback, similar results cannot be seen in real trading. Lack of adequate info on the features, strategy, and performance makes it difficult for us to evaluate the system. Although the trading results posted on the MQL5 site show decent profits, the small sample size and inadequate trading details make us suspect that the performance is not good. In short, we do find this is not a reliable EA.
