In this post I will be reviewing the Forex ZEON-X Pro automated forex trading system. Forex ZEON-X Pro runs in the free to download MetaTrader 4 trading platform which you can get from most online forex brokers. You will need a forex trading account in order to trade on the MetaTrader platform and you can start with a demo trading account to begin with if you wish. This can be a good way to familiarise yourself with the trading platform.
I would personally look at the brokers who have the tightest spreads and lowest commissions as this can help me to save on the overall trading costs in the long term. I tend to find that ECN brokers can have reliable trade execution speeds which can also help to minimise slippage and get trade positions executed at the best available prices with minimal delay, from my experience. If you are looking for a forex broker, you may wish to view my best forex brokers page for some inspiration.
Forex ZEON-X Pro Trading Strategy
Forex ZEON-X Pro is fully automated which means that it will analyse the markets for trading opportunities and then place/manage trades according to its built-in algorithm. The algorithm consists of a combination of technical indicators. It also has money management, broker protection module, maximum spread and slippage filters.
The Forex ZEON-X Pro looks to trade multiple currency pairs but it has very dangerous money management from what I can see. There are substantial draw downs which leads me to believe it may be using a dangerous grid trading style or martingale money management. Something that more often than not I see blowing up trading accounts. Please ensure you have a clear understanding of the significant risks involved with trading online and never risk more than you can afford to lose.
I would personally do my own frequent optimisations on different currency pairs and time frames to ensure that the settings being used suit my trading style and adapt to the current market conditions.
Forex ZEON-X Pro Back Testing
Unfortunately, at this time there are no Forex ZEON-X Pro back tests shared on the robot’s official website. This is disappointing as we cannot get an idea of the historical performance and the live verified trading accounts show results with worrying drawdown amounts.
Forex ZEON-X Pro Live Results
Forex ZEON-X Pro Summary
Overall, there is limited information available on the Forex ZEON-X Pro website in order for us to know exactly what sort of trading system or money management this particular forex robot is using but, in my opinion, it is way too risky for my tastes.
Forex ZEON-X Pro includes instructions, support and updates. I have conducted many forex robot reviews and there are alternative options you may consider.