Is Zen Scalper EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
Table of Contents
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
About Zen Scalper EA
Zen Scalper EA is a forex robot available on the vendor website. The developer of the EA is not known as his identity is not disclosed for the public.
According to the vendor, there are three pricing plans, starting from the monthly plan of $59; while the referral license plan costs nothing other than having up to $3000 in your account and the lifetime access plan is priced at $249 which allows you to optimize the EA setting.
Zen Scalper EA claims to give advantage in the financial market with its expert strategy. Here, the system offers cash back for 15 days on the monthly plan only.
Zen Scalper EA: Reasons to Avoid this Expert Advisor
Firstly, Zen Scalper EA is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system claims cash back only on the monthly plan. This shows the vendor is not confident about the EA performance on a long term.
More so, the customers’ feedback is pretty worrisome. There are no customer reviews on third party websites such as Forexpeacearmy, Myfxbook, Quora, and Trustpilot. This tells us that the forex robot is not trust worthy or reliable.
Further, the vendor refuses to provide the back testing result of the forex robot. This, we could know the EA performance in the past before it was released in the market.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Zen Scalper EA Trading Strategy
Zen Scalper EA uses a scalping strategy.
Also, the system operates on GBP/USD currency pair, and on a M15 time frame.
In addition, the provider recommends signing up with the FBS brokerage for best results.
Zen Scalper EA Trading Results
Here is the trading results of Zen Scalper EA on Myfxbook, real USD account showing the FBS brokerage and the leverage of 1:500 on the MT4 platform. The EA was traded on 1st Oct., 2021 with a daily and monthly gains of 2.24% and 93.17% respectively, and the drawdown of 14.66%.
.
Conclusion: Is Zen Scalper EA a Reliable Forex Robot?
Zen Scalper EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
Its failure to share information on vendor and back testing result is a red flag that this Expert Advisor should not be trusted.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
