Paramour Zenith EA MT4 – Free Download

Paramour Zenith EA: A Comprehensive Review 

In the world of Forex (foreign exchange) trading, the need for constant market monitoring and swift execution of trades can be overwhelming. Enter automated trading tools like Paramour Zenith EA—a fully automated trading robot that operates on the MetaTrader 4 (MT4) platform. This tool promises ease of use, profitability, and long-term reliability, particularly for those utilizing a scalping strategy. But how effective is it, really? In this article, we will provide an in-depth analysis of the Paramour Zenith EA and evaluate its advantages, disadvantages, and key features.

What Is Paramour Zenith EA?

Paramour Zenith EA is an Expert Advisor (EA) designed to operate on the MT4 platform, automating Forex trading by executing trades based on a predefined algorithm. Utilizing a scalping strategy, it focuses on capitalizing on small market movements. With a recommended minimum balance of $100 and a leverage of 1:500 or higher, this EA works on all major currency pairs, as well as gold, particularly on short timeframes like M1 (1 minute) and M5 (5 minutes).

Technical Specifications

Version: 1.0
Year of issue: 2024
Working pairs: Any
Recommended timeframe: M1, M5
Minimum Deposit: $500
Average of account: 1:30 To 1:500

Best Brokers List

Paramour Zenith EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Paramour Zenith EA Settings

Key Features

1. Scalping Strategy: Focuses on quick trades for small profits, reducing exposure to prolonged market risk.
2. News Filter: Integrates a sophisticated news filter system to avoid trading during high-impact news events that can cause market volatility.
3. Risk Management: Features a robust risk management system, including stop-loss limits and adjustable risk levels.
4. Martingale Strategy: Offers an optional Martingale trading approach, which multiplies trade volume in the event of a loss in an attempt to recover from drawdowns.
5. Low Drawdown: A key selling point is the low drawdown, ensuring that traders are exposed to minimal risk even during unfavorable market conditions.
6. Backtesting with Real Data: This EA is backtested using real tick data, variable spreads, and trade commissions to provide accurate historical results.

Paramour Zenith EA Backtest

Advantages of Paramour Zenith EA

1. Fully Automated for Ease of Use

One of the primary selling points of the Paramour Zenith EA is its fully automated nature. This makes it an ideal tool for both beginners and experienced traders who may not have the time to sit in front of their trading screens constantly. Once installed, the EA executes trades based on preset strategies, and the user only needs to adjust the settings according to their risk tolerance.

2. Low Initial Investment

With a recommended starting balance of $100, Paramour Zenith EA is accessible to retail traders who may not have significant capital to invest. The low entry barrier allows users to start small and grow their account over time.

3. News Filter for Volatility Control

The integrated news filter is a critical feature, especially for traders who want to avoid the unpredictability associated with major market-moving news events. The ability to pause trades before and after high-impact news ensures that users aren’t blindsided by unexpected market volatility.

4. Scalping Strategy for Consistent Returns

The scalping strategy employed by the EA targets small, frequent gains, which can accumulate over time for consistent profitability. While these trades may not bring large profits in one go, the strategy reduces exposure to prolonged market trends that can lead to larger drawdowns.

5. Backtesting with Real Data

Unlike many trading robots that rely on idealized backtesting scenarios, Paramour Zenith EA utilizes real market data, including real spreads, slippage, and trade commissions. This results in more accurate performance assessments, although it’s important to note that past performance doesn’t guarantee future success.

6. Customizable Risk Management

The EA allows users to configure the amount of risk they are willing to take. From setting stop-loss levels to choosing whether to engage the optional Martingale strategy, the tool gives users significant control over their risk exposure. This flexibility is crucial for tailoring the EA to different trading styles and capital levels.

Disadvantages of Paramour Zenith EA

1. Susceptibility to Slippage and Spread

While the EA promises accuracy, like all automated trading systems, it can still be affected by slippage and spread, especially during high-volatility periods. Trades may not always be executed at the ideal price, which could erode the profitability of the scalping strategy, especially on accounts with high spreads or slow execution times.

2. Risk of Using Martingale Strategy

Although the Martingale strategy can potentially recover losses by multiplying trade volume, it also increases risk significantly. The strategy assumes that market conditions will eventually reverse in the trader's favor, which is not always guaranteed. Without proper management, a series of losing trades could result in substantial losses.

3. Requires VPS for Optimal Performance

To function at its best, Paramour Zenith EA should ideally run on a Virtual Private Server (VPS). This ensures uninterrupted operation and fast trade execution. However, VPS hosting adds an additional cost, which may not be feasible for traders with smaller accounts.

4. Backtesting Limitations

Although the EA is backtested with real tick data, the news filter is disabled during backtesting. This makes it difficult to gauge the tool’s true effectiveness during volatile market periods when the news filter would typically prevent trades. Real-world performance could differ from backtested results due to this limitation.

5. Market Dependency

Like all automated trading systems, Paramour Zenith EA is not immune to prolonged periods of unfavorable market conditions. Even with a low drawdown and excellent risk management features, users should remain aware that no trading system is foolproof, and losses are always a possibility.

Conclusion: Is Paramour Zenith EA Worth It?

The Paramour Zenith EA offers a robust automated trading solution for Forex traders, particularly those who prefer a scalping strategy. Its ease of use, customizable risk settings, and news filter make it an appealing option for both novice and experienced traders. However, users should approach the Martingale strategy with caution, and be aware of the risks associated with slippage and spread. Additionally, the need for VPS hosting may increase the overall cost of using the tool.

Download Paramour Zenith EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.