SIEA Zen Review: Things to Consider Before Investing

SIEA Zen

SIEA Zen assures a well-balanced risk to reward ratio. It can survive all kinds of market situations effectively as per the developer. This ATS is a robust system that ensures good results. It works on all the major currency pairs. The EA works based on identifying reverse entries.

This FX EA is developed by Daniel Stein. He is the founder of Stein Investments and has more than 8 years of experience in developing FX trading tools. The author has 18 products and 7 signals to his credit. He explains the simple trading systems (STS) he has developed.

The developer claims that the approach used by the system will prevent unprofitable entries and ensure high returns. Apart from the info that the author is based in Germany, there are no other details like year of establishment, developer team, location address, phone number, etc. Other products of the developer include SIEA PRO, FXVolume, SI Connect, Lighthouse, and more.

The highlights of SIEA Zen

Here are some features that according to the developer set the ATS apart in the market:

Swap management

A specific swap management feature is added to the FX robot. With this module, the system prevents the placing of expensive trades. It monitors the swap charged by brokers constantly.

Balanced risk to reward ratio

The FX robot closes all open positions when the month ends and opens up new positions at the start of each month. As per the author, this method of trading ensures the drawdown is low while the rewards are high.

Risk management

As per the developer, the EA uses a single drawdown limit for the whole system. There are no individual stops for the trades. The lack of separate stops prevents a high drawdown.

Trading strategy of SIEA Zen

This FX EA uses a special volume analysis method to identify the imbalance in the market and to identify reverse entry opportunities. The developer explains that the trading approach is a result of 10 years of trading experience. He states that the system can limit the drawdown and keep the profits high. The trades have an average duration of 4 days. An inbuilt news filter stops the placement of new trading positions during high-impact news events. 

Backtesting reports

A screenshot of backtesting report attached on MQL5
A screenshot of backtesting report attached on MQL5

A backtesting report is present on the MQL5 site which is shown above. From the report, we can see the backtesting was done from 2018 to 2021. For a deposit of $100000, the total net profit achieved was 150,236.64. A total of 460 trades were executed with a profitability of 70% and a profit factor of 2.88. The maximum drawdown for the account was 7%. From the results, it is clear that the drawdown was low and the profits were high.

Trading results in real time

A real USD account for the FX robot verified by the myfxbook site is shown here. The account uses the RoboForex broker and the leverage of 1:30 on the MT5 terminal. 

Growth curve of SIEA Zen on Myfxbook
Growth curve of SIEA Zen on Myfxbook
Advanced trading stats of SIEA Zen on Myfxbook
Advanced trading stats of SIEA Zen on Myfxbook

From the above trading stats, we can see the system has generated a total profit of 4.29% and an absolute profit of 4.32%. A daily and monthly profit of 0.02% and 0.70% are present for the account. The drawdown for the account that started in July 2021 with deposits of $11,831 is 3.90%. A total of 41 trades have been executed with 78% profitability and a profit factor of 1.95. The trading history shows lot sizes of a varying range being used starting from 0.04 to 0.1. Comparing the backtesting result with real-time trading, we find the drawdown is low but profits are not very high. Further, the lot sizes used are high indicating a risky strategy.

SIEA Zen price

Pricing of SIEA Zen on MQL5
Pricing of SIEA Zen on MQL5

To purchase this FX robot, you have to pay $999. A couple of rental packages are present. The 3-month rental costs $299 and the 6-month rental costs $499. A free demo is present. There is no info present concerning the features offered with the package. No money-back-guarantee is present, which makes us suspect the reliability of the system. Further, compared to the market average, the pricing is expensive.

Customer support

The direct messaging option on the MQL5 site and a Telegram channel link is present for customer support.

Are traders happy with SIEA Zen?

Unfortunately, we could not find user reviews for this FX robot on trusted third-party sites like FPA, Trustpilot, etc.

SIEA Zen

SIEA Zen
2 5 0 1
SIEA Zen assures a low drawdown and high returns with its effective trading system. Our evaluation reveals that while the drawdown is low, the big lot sizes used indicate a risky approach. Further, the lack of user reviews, expensive pricing, and the absence of a refund offer are other drawbacks you need to consider in this system.
SIEA Zen assures a low drawdown and high returns with its effective trading system. Our evaluation reveals that while the drawdown is low, the big lot sizes used indicate a risky approach. Further, the lack of user reviews, expensive pricing, and the absence of a refund offer are other drawbacks you need to consider in this system.
2/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    3/5 Neutral
  • Reliability
    2/5 Bad
  • Price
    2/5 Bad
  • Customer Testimonials
    1/5 Awfully

Advantages

  • A fully automated software
  • Live verified results

Disadvantages

  • Real-time trading results show a risky approach
  • Pricing is expensive
  • No money-back-guarantee
Total
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