Monday, November 12, 2012

Zealot EA - Add This To Your Forex Portfolio?

Hi All, Well this is a breath of fresh air! I found this one in my inbox today and it looks real nice. This forex system actually will NOT make you rich! The vendor website states:

 "Almost every EA on the market will make ridiculous promises about how much money your going to make with their product. But some how day after day you are continually losing hundreds or even thousands of dollars on products and strategies that do not deliver what they promised. There is no feeling like waking up in the morning only to see weeks of hard work washed away by one rouge EA or an EA with risk / reward ratio’s that are doomed from the start."

 "What most traders fail to realise is the best traders in the world, the ones that manage hundreds millions of dollars, are aiming for modest returns of 15% – 20% per year. These guys are paid crazy salaries and I know your asking: “Only 20% per year? What is the point!” The point is that most retail traders take FAR TOO MUCH RISK when trading. Every trader wants to achieve 100%, 200% or 300%+ per year which is a recipe for disaster."

  This appears to trade the AUD/NZD pair and the highlights are as follows:

        >Low drawdown between 7-8%
        >60 day no-questions asked money back guarantee
        >A great addition to any portfolio
        >99% modeling quality backtests

Unfortunately there are no real money forward accounts set-up by the vendor only demo accounts. Let's see how this one pans out in the future.

Zealot EA