Zen Scalper EA (By forex_trader_2730791)
The user has deleted this system.
Zen Scalper EA Discussion
forex_trader_2730791
Member Since Oct 26, 2021
9 posts
Nov 04, 2021 at 05:12
In war against the market do you put lipstick on the Pigs?
Today here I am sharing my Zen Scalper EA performance on my account:
Abs Gain 108.16%, Drawdown 14.66%, Total pips 621.3
What do you think will it give a Jaw Droping performance this month?
Today here I am sharing my Zen Scalper EA performance on my account:
Abs Gain 108.16%, Drawdown 14.66%, Total pips 621.3
What do you think will it give a Jaw Droping performance this month?
forex_trader_2730791
Member Since Oct 26, 2021
9 posts
Nov 09, 2021 at 18:40
Here is this Jaw Dropping Performance
Everyone what do you think will happen next this week
Ah! is it a money-making opportunity or another bad EA?
Everyone what do you think will happen next this week
Ah! is it a money-making opportunity or another bad EA?
forex_trader_2730791
Member Since Oct 26, 2021
9 posts
Nov 13, 2021 at 00:40
Congratulations to everyone who made profits. this week
Nov 14, 2021 at 16:10
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
Nov 14, 2021 at 23:53
Khafra posted:
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
Yes how is this possible?
Member Since Jan 14, 2018
152 posts
Nov 14, 2021 at 23:58
Khafra posted:
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
I rented this EA for one month & am running it on a demo account where the commissions are $7.00 per round turn. It made +38% this past week in 5 days of trading on a $10k demo. So it does get great results, however there is a big BUT. The EA can open up to 16 trades running at one time which is very high risk, and its 100% Martingale strategy which is also high risk.
You will also notice that the back test starts on Dec 23/2020 and runs for 10 months, which to me is a cherry picked 10 month period of time in my opinion. I would love to see a 2-3 year back test based on tick data & 99% modeling quality, and see what happens to the draw down which came in at 34% during the 10 month back test.
forex_trader_2730791
Member Since Oct 26, 2021
9 posts
Nov 15, 2021 at 02:14
Khafra posted:
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
The 8.9 pips were earned after bearing spread cost to FBS.
It can be seen in the trade opening price and closing price. and yes FBS have lower spreads compared to other brokers.
Nov 15, 2021 at 11:25
zenscalper posted:Khafra posted:
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
The 8.9 pips were earned after bearing spread cost to FBS.
It can be seen in the trade opening price and closing price. and yes FBS have lower spreads compared to other brokers.
It continues to be unclear to me. We always look at the same buy trade of 12.11.2021 (the same also applies to sell trades):
1.34223 (Closing price) - 1.34134 (Opening price) = 8.9 Pips;
8.9 Pips * 0.74 Lots = 65.86 Profit (USD).
I don't see spreads or commissions on the account.
Furthermore, there doesn't appear to be any interest on positions held open overnight (swap) either.
forex_trader_2730791
Member Since Oct 26, 2021
9 posts
Nov 15, 2021 at 15:58
Khafra posted:zenscalper posted:Khafra posted:
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
The 8.9 pips were earned after bearing spread cost to FBS.
It can be seen in the trade opening price and closing price. and yes FBS have lower spreads compared to other brokers.
It continues to be unclear to me. We always look at the same buy trade of 12.11.2021 (the same also applies to sell trades):
1.34223 (Closing price) - 1.34134 (Opening price) = 8.9 Pips;
8.9 Pips * 0.74 Lots = 65.86 Profit (USD).
I don't see spreads or commissions on the account.
Furthermore, there doesn't appear to be any interest on positions held open overnight (swap) either.
The swap free account doesn't charge any interest. Not only FBS but many other brokers offer swap free accounts.
Further more I would like to know from you if there is no spread than how the profit or pips should have been if there were spread. I hope you can explain that to everyone here and help them understand.
Nov 15, 2021 at 19:35
zenscalper posted:Khafra posted:zenscalper posted:Khafra posted:
Looking at your account it appears that FBS does not apply any spreads to the GBPUSB pair and no trading fees. All pips / profit points are paid out (on 12.11.2021: 0.74 lots * 8.9 pips = 65.86 profit) without any deductions. How is it possible?
The 8.9 pips were earned after bearing spread cost to FBS.
It can be seen in the trade opening price and closing price. and yes FBS have lower spreads compared to other brokers.
It continues to be unclear to me. We always look at the same buy trade of 12.11.2021 (the same also applies to sell trades):
1.34223 (Closing price) - 1.34134 (Opening price) = 8.9 Pips;
8.9 Pips * 0.74 Lots = 65.86 Profit (USD).
I don't see spreads or commissions on the account.
Furthermore, there doesn't appear to be any interest on positions held open overnight (swap) either.
The swap free account doesn't charge any interest. Not only FBS but many other brokers offer swap free accounts.
Further more I would like to know from you if there is no spread than how the profit or pips should have been if there were spread. I hope you can explain that to everyone here and help them understand.
Ok, it's an Islamic account. To see the differences it would be enough to publish a standard account, but also ECN, on which Zen Scalper EA runs.
Member Since Nov 05, 2021
1 posts
Nov 17, 2021 at 04:40
Why yesterday Zen Scalper get little lost? Is is because stop loss system on this EA has been triggered? At what maximum relative drawdown, this EA would order stop loss?
Member Since Nov 18, 2021
13 posts
Nov 18, 2021 at 11:49
Anyone getting positive results with this EA?
Member Since Jan 14, 2018
152 posts
Nov 18, 2021 at 19:06
I am getting very positive results, my demo account is up +74% on a $10k demo account after 9 days of trading. But its a 100% Martingale strategy, which makes it a high risk for trading real money.
Member Since Nov 18, 2021
13 posts
Nov 18, 2021 at 22:21
pipscalper71 posted:
I am getting very positive results, my demo account is up +74% on a $10k demo account after 9 days of trading. But its a 100% Martingale strategy, which makes it a high risk for trading real money.
How long are you going to demo this before you will consider it safe?
Member Since Jan 14, 2018
152 posts
Nov 18, 2021 at 23:22
Probably not until I get at least one month of testing under my belt. Plus you cannot back test unless you buy the permanent version which is $260 bucks, and if I do that then I will back test it
extensively before I go live as well.
extensively before I go live as well.
Member Since Nov 18, 2021
13 posts
Nov 19, 2021 at 01:39
pipscalper71 posted:
Probably not until I get at least one month of testing under my belt. Plus you cannot back test unless you buy the permanent version which is $260 bucks, and if I do that then I will back test it
extensively before I go live as well.
Honestly I find these results too good to be true! Could you possibly post updates on your tests here?
Member Since Jan 14, 2018
152 posts
Nov 21, 2021 at 20:07
MaraVallejo posted:pipscalper71 posted:
Probably not until I get at least one month of testing under my belt. Plus you cannot back test unless you buy the permanent version which is $260 bucks, and if I do that then I will back test it
extensively before I go live as well.
Honestly I find these results too good to be true! Could you possibly post updates on your tests here?
PM me with your email and I will send you my statement which will show my $10k demo up +77% ROI after 10 trading days(2 weeks)
Member Since Feb 06, 2021
19 posts
Nov 23, 2021 at 12:54
I was watching for more than 2 weeks. It's martingale but it was doing well so almost changed my view against it. sadly time proved again
Member Since Jan 14, 2018
152 posts
Nov 23, 2021 at 17:53
This Zen Sclaper EA blew up my demo account today, and this is very typical for a Martingale system like I warned everyone. So I spent $59 bucks to try it and it failed big time, and life goers on without trading it on my live account and throwing it in the recycle bin.
