Athena EA is a fully automated robot and uses a grid strategy to trade. The algorithm works on the Metatrader 4 platform on the EURUSD currency pair at multiple timeframes. Read our detailed review to know essential information about the system before investing your valuable assets.
Elite CurrenSea is the company that produced Athena EA. The robot is developed by Nenad Kerkez (strategy provider) and Chris Svorcik (head of trading). The headquarters of the firm are in Estonia.
How Athena EA works
Athena EA comes with the following main features mentioned below:
- The EA uses a risk management system.
- Users with no trading background can use this system.
- Rental and account managing options are available .
- 24/7 deposit and withdrawal guarantee.
- Trades only on the EURUSD currency pair.
- Verified live records from Myfxbook available.
- The account uses 500:1 leverage.
- Free VPS access option available.
- Easy user interface.
To start using the Athena EA, use the following steps:
- Open a “pro-8” account on KTM (KeyToMarkets) in EURO
- Verify your account by entering your credentials
- Deposit a minimum of $400 in your USD or EURO wallet
- Use your live account to join Athena EA PAMM
The developer also offers a rental option to set up the account on private VPS.
Timeframe, currency pairs, and deposit
Athena EA trades only on the EURUSD currency pair. The minimum deposit for the rental is €4000, for the PAMM is €400, and the cent account is $50.
The developer states that the robot trades using price action and the swings in the instrument. For getting an exit it implements moving averages and oscillators.
From the live records on Myfxbook, we observe the implementation of a -10 to 10 pips take profit. There is no stop loss attached with trades and martingale is also used.
The developers do not provide backtesting records that could be used to analyze the historical performance, net profit, and profit factor of the algorithm. They state that the system uses two robots simultaneously on different timeframes. That’s why it is not possible to analyze the backtesting stats.
Not providing the historic states is considered a very unprofessional approach in the forex market and raises concerns over the credibility of the algorithm.
Pricing and refund
There are different packages offered by the vendor with VPS and customer service. Rental, rental sponsored, PAMM, and lifetime options are available.
The lifetime key comes for an asking price of €999 with full features and options available with a personal copy of the expert advisor. A rental package for €799 with a yearly subscription and a rental sponsored package is being sold for €499.
PAMM service is also provided by the vendor, which costs you no fees but a 25%-35% profit-sharing and does not require VPS. No money back guarantee is mentioned if trader expectations do not meet the purchased product.
Live records of Athena EA are present on Myfxbook. The system started trading on Jan 7, 2021, and is live till the current date. The developer deposited an initial amount of €21669.95. The average gain of the system stands at +189.50%, with a profit factor of 1.65. The drawdown value is 33.73%.
The system participated in 21699 trades and 6143 loss trades. The account’s profit stands at €17315.62, with €33656 withdrawals.
People say that Athena EA is…
Average. There are 86 trader reviews available on Forex Peace Army with a rating of 4.499. No comments are present about Athena EA.
One of the users commented that he bought a system from the same developer, and it was not working. The customer advised us not to trust the devs.
- Easy to use
- No backtesting record
- The short duration of live testing
- It comes with a high pricing
- There is no money back guarantee
Athena EA Conclusion
Athena EA has a fluctuating high drawdown value in live records and comes with no backtesting records. No customer feedback is available on any reputable third-party websites. The developer doesn't claim any money back guarantee.