Forex Robot ReviewsPassive Income

Athena EA Review: Is It Wise to Hand Your Trading Over to This EA?

3 Mins read
3.0

Athena EA assures explosive account growth with its automated design. The vendor promises monthly returns ranging from 5% to 25% based on more than two years of live trading. This FX EA is capable of providing a drawdown of 30% or less. In this review, we will analyze the important aspects of this FX robot such as its functionality, performance, support, etc. to check the veracity of the vendor’s claims.

Athena EA company profile

Elite Currensea is the company behind this FX EA. It was founded by Nenad Kerkez and Chris Svorcik in 2014. It offers a diverse range of tools and software. The company is also into marketing research, event management, and industry commentary. A location address is present for the company besides an email address for contact.

The highlights of Athena EA

Some of the significant features of the FX EA that make it competitive include:

  • The system offers consistent monthly returns of a maximum of 25% per month .
  • It provides rental and managed accounts without any upfront cost. 
  • You do not need prior experience with MT4 EAs for using the service.
  • It works mainly on the EURUSD pair.
  • The profitability factor can decrease or increase by adjusting the risk level.
  • It does not have any hidden fees and is fully verified by Myfxbook.
  • Withdrawal of profits is easy and not restricted by any limitations.
  • The leverage of 1:500 is recommended. 

As per the vendor, this robot uses technical analysis for identifying accurate entries and exits.  The system comprises two EAs one of which is for buy order and the other is for sell order. For the minimum capital, the vendor recommends $50 for cent accounts, €4,000 for the rental option, and €400 for the PAMM account.

Facts & figures with Athena EA

No backtesting results are present for this FX EA. However, the vendor provides real live trading results verified by the myfxbook site.  Here are screenshots of the trading stats. 

Growth curve of Athena EA on the Myfxbook site
Growth curve of Athena EA on the Myfxbook site
Trading stats of Athena EA on the Myfxbook site
Trading stats of Athena EA on the Myfxbook site

From the above images, we can see a total profit of 192.10% is generated for the account that started in January 2021 with a deposit of €21,669.95. A daily profit of 0.23% and a monthly profit of 7.25% are present for the account. The drawdown for the account is 33.73%. A total of 21,782 trades have been completed with a profitability of 72% and a profit factor of 1.65. 

From the trading history, we can see lot sizes ranging from 0.01 to 0.03 are present. From the results, it is clear that while the profits are high, the drawdown is also high indicating a risky approach. The varying lot sizes also confirm the risk involved.

Athena EA packages

To use the FX EA, you need to choose from the available packages namely the rental (€799), lifetime (€999), rental sponsored (€499), and a managed account. While the rental plans have recurring yearly payments, the lifetime package is a one-time process that provides complete access to all the settings. 

For the managed account there are no upfront fees but the profit share of 25 to 35% is charged. The vendor does not provide a money-back assurance which makes us doubt the reliability of the system. When compared to the price of competitor systems, we find the pricing is exorbitant.

Assistance

An email address, an FAQ section, and an online contact form are the main support methods this FX EA has. 

Other notes

User reviews for EliteCurrensea company on the Forexpeacearmy site
User reviews for EliteCurrensea company on the Forexpeacearmy site

Unfortunately, we could not find user reviews for this FX robot on trusted review sites like Forexpeacearmy, Trustpilot, etc. However, we found 86 reviews for the Elite Currensea company with a rating of 4.499/5. Both positive and negative reviews are present for the company with some of the recent reviews revealing that users are not satisfied with the performance of the products.

Is Athena EA a reliable system?

From our evaluation of the system, here are the main factors that influence the reliability of the FX robot:

  • Real verified results show a risky approach with the high drawdown and varying lot sizes.
  • Pricing is expensive and the packages do not have a money-back guarantee.
  • No user reviews were found for the FX robot on trusted review sites.

Athena EA Summary

3.0
Athena EA provides verified real trading stats to prove that it can generate high monthly profits. Our evaluation of the real trading stats reveals a risky approach. Other shortcomings we identified in the system are the expensive pricing, the absence of a refund policy, and the lack of user feedback.
3.0

Performance statistics

2.0

Reviews from customers

4.0

Ease of use

3.0

Implemented strategies

3.0

Pricing

Pros

  • +It is a fully automated software
  • +Verified trading results

Cons

  • -Risky approach seen in real trading results
  • -Expensive pricing
  • -Lack of a refund offer
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