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Athena EA is available via copy trading and PAMM accounts and claims to provide 220% yearly returns for traders. The algorithm is fully automated and requires minimum leverage of 1:500 for efficient functioning. We will be taking notes of the strategy, key features, and pricing of the robot to see if it is wise to invest in the product.
Chris Svorcik provides the service as head of trading, and Nenad Kerkez is the strategy provider. The service claims to be featured on multiple popular Forex forums such as FPA, UK Forex Awards, and FXStreet.
They also offer Zeus EA and manual trading for customers. Telegram is used for providing signals services. PAMM options are available with all of their algorithms.
Traders get an EA installer and handouts and access to the FAQ/support section to ask questions. From the Myfxbook records, we can observe that it has been live since January 2021.
What is behind the Athena EA?
Traders can choose to follow the robot by opening an account with a broker that supports hedging. They have to provide their account number and password to the service providers to connect the EA on the VPS.
PAMM accounts are also available on the Key to Market broker, where investors can deposit a minimum of $500. The trades will be copied automatically online on the brokerage.
Key features
The robot has the following key features:
- Access to free VPS.
- It is possible to follow the account via rental and management options.
- Full transparency on the live records.
- Multiple profit-sharing options with decreased account value.
Trading strategy
The robot trades on EURUSD only and uses price swings and price action for placing positions. The exits are based on moving averages and oscillators.
From the history on Myfxbook, we can observe that it uses a grid approach with the combination of martingale. There is no fixed stop loss attached with trades, and the take profit is usually around 4 pips.
Trading history on Myfxbook
There are no backtesting records available on the website. The developers state that the robot uses two separate EAs to open buy/sell orders; therefore, it cannot be backtested.
Pricing
Rental (12 months), lifetime (unlimited), and rental sponsored (12 months) options are available for €799, €999, and €499, respectively. There is no profit sharing for these options. The developer does not clarify the main difference between rental and rental sponsored packages.
The PAMM account options come with profit-sharing, which starts at 35% for a minimum capital of $400.
Pricing of the EA
Trading performance of Athena EA
Live trading results are present on Myfxbook. These statistical values are for the EUR currency. We can see performance from 01/07/2021 till the current date.
The system gave an average monthly return of 7.24% for this period, with a peak drawdown value reported as -33.73%.
The winning rate is 72%, with a profit factor of 1.65. The average trade length is stated as 5 hours 18 minutes. The current balance of the robot is €5298.89.
Live trading records on Myfxbook
Customer support
The company is not clear on how traders can contact them to ask questions. There is only a chat bubble available on the website to send your inquiries.
People feedback
The company has a total rating of 4.499 for 86 reviews on the Forex Peace Army. No feedback is present for Athena EA in general. One of the traders stated that they have been using one of the robots from the company since 2020, and their account is down 46%.
Customer review on Forex Peace Army
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