PZ Trend Trading Review

Aug 10, 2021 08:42 AM ET
PZ Trend Trading Review

PZ Trend Trading is a Forex indicator that was launched on 6th December 2013. According to the vendor, it can extract the maximum amount of profit and find the most lucrative trading opportunities. In order to gauge its reliability, however, we need to conduct an independent analysis of the system.

On the official website, the vendor lists the main features of the indicator and gives a brief introduction to how it works. They have also shared some recommendations for new traders and explained the trading setups. We also have some screenshots and videos showing the performance of the indicator.

PZ Trend Trading

Type

Indicator

Price

$299

Strategy

Trend trading

Compatible Platforms

MT4, MT5

Currency Pairs

All

Timeframe

H4

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

1:20

Trading strategy explanation

This indicator looks for breakouts, early reversals, and pullbacks in the market. It jumps on a trend following the occurrence of a retracement. PZ Trend Trading uses breakouts to pyramid positions and seeks out potential reversal zones. It uses different color indicators for showing downtrends, uptrends, and sub-trends. 

You can adjust the EA parameters to suit your trading style. These include the indicator period, maximum history bars, drawing settings, and alerts. According to the vendor, you need to spend 1-30 minutes daily trading with this indicator to understand the market scenario and update your positions. They also suggest using daily, weekly, and H4 charts with PZ Trend Trading. 

When there is a trend change, this indicator displays a blue indicator to signal an uptrend and a red one to signal a downtrend. For a pullback scenario where the prices in the market fluctuate rapidly the indicator plots an orange mark on the chart. It also indicates inside bar breakouts, thus signaling the trader to jump on the trend and pyramid their positions. 

Before a trend change occurs, there are reversals and price corrections. Upon detecting a bearish correction, the indicator plots a red dash, while a bullish correction is indicated by a blue dash. 

Backtest data analysis 

The vendor has not shared the backtesting results for PZ Trend Trading. However, we can ignore this, since it is not an automated system using its own trading strategy. 

Live trading data analysis 

Trading Results

Myfxbook Account

Real (USCCent), EXNESS

Started

Dec 29, 2020

Deposit

USC5,130.92

Balance

USC0.00

Gain

-99.9%

Daily

-3.10%

Monthly

-61.24%

Drawdown

100%

Profitability

0.62

Growth chart for PZ Trend Trading.

Here we have the live trading results for PZ Trend Trading on a Myfxbook account that has been active since December 29, 2020. This is a cent account through which the EA has placed 202 trades to date, winning 125 out of them and generating a profit of USC5238.16. Currently, the daily and monthly gains for this account are -3.10% and -61.24%, respectively, while the drawdown is incredibly high at 100%.

Thus, it is evident that this account has suffered some major losses along the way. For this reason, the time-weighted return is currently at -99.9%. 

Trading results for PZ Trend Trading.

As you can see from the recent trading history, there have been some large losses recently. We can see losses as large as 120%. Thus, it is quite clear that PZ Trend Trading uses a risky trading approach that causes high drawdown and can drain your account in no time. An indicator with such dismal live performance cannot be considered reliable.

Vendor transparency

PZ Trend Trading is sold on the Point Zero Trading website, which is owned by Arturo Lopez Perez, a trader based in Andorra. We don't have too much information on this person, and we don't know whether he works alone or in collaboration with others. This trader has several other products on his website, which include indicators like PZ Double Top Bottom, PZ Swing Trading, PZ Pennants, PZ ABCD Retracement, PZ Pivot Points, etc.

Customer reviews

User reviews for PZ Trend Trading on MQL5.

We were unable to find any user reviews for PZ Trend Trading on third-party review websites. There are a few reviews on MQL5, but these could have been manufactured by the seller. In the absence of authentic customer reviews, we can say that PZ Trend Trading doesn’t have a great reputation among traders.

Review summary

Pros

  • Verified trading results 

Cons

  • Huge losses suffered during live trading

  • No money-back guarantee

  • Lack of vendor transparency

Conclusion

PZ Trend Trading is an indicator that has made some huge losses during its live trading stint. There is no way we can trust an indicator that has such dismal live performance. Moreover, the vendor does not offer a money-back guarantee for this product, which makes it an even riskier investment. 

Rating: 3/10


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