PZ Trend Trading is a Forex indicator that claims to be able to make the most of market trends. According to the vendor, it displays more trades compared to the ordinary trend indicator. However, prior to analyzing the live statistics, we cannot be sure about its profit-earning capability.
On the official webpage, the vendor describes the indicator in detail, explaining the various setups and sharing multiple screenshots of the signals. There are also some videos that give us an insight into the workings of this system.
This is a product from Arturo Lopez Perez, the director of Point Zero Trading. He is based in Andorra and has been developing Forex trading tools for the last decade. There are several other systems developed by this person, like PZ Divergence, PZ ABCD Retracement, PZ Lopez Trend, PZ Sandwich Bars, PZ The Zone, etc.
Features
You can trade all kinds of instruments with this oscillator. These are all non-repainting and there exists a multi-timeframe dashboard. While trading with it, you will receive different types of alerts via email. For every trend, PZ Trend Trading usually displays around 10 distinct trades.
The indicator period parameter controls the trend change sensitivity and when the period is big, it will capture longer trends. Conversely, when the period is small, a shorted trend will be captured. You can enable the display parameters for sub-trend, breakouts, pullbacks, and corrections to see these on the chart. The vendor offers customer support via email.
How to start trading with PZ Trend Trading
You will get signals for trend changes, pullbacks, breakouts, and corrections. During a bearish trend, if there is a correction, the indicator displays a red dash, and if there is one during a bullish trend, a blue dash is shown. Similarly, it uses blue bars to indicate bullish sub-trends and red bars for bearish sub-trends.
The vendor recommends using this indicator with daily, weekly, and H4 charts. They have also mentioned the trader needs to spend 10 to 30 minutes daily to check the market conditions and to keep the positions updated.
You can purchase PZ Trend Trading for the price of $299, which is a bit expensive for an indicator. The vendor lets you rent the EA for a monthly fee of $49 and also offers a free demo version for testing purposes. However, there is no money-back guarantee for this product, which makes it a risky investment.
Backtests
Backtests are important for a Forex automated system, since they show the long-term performance of the EA, pitting it against different market scenarios. Since this system does not place trades automatically, the vendor has not shared the backtesting results for it.
Verified trading results for PZ Trend Trading
This is a live trading account for PZ Trend Trading on Myfxbook. Here we must mention that the vendor has not shared the trading statistics on the official website, and we can see why. As we can see, the trading performance has been quite dismal for this account, due to which the time-weighted return currently stands at -99.88%. This account has an extremely high drawdown of 100%, which indicates a high risk of ruin.
Currently, the daily and monthly gains for this account are -2.95% and -59.31% respectively, and this tells us that the indicator has closed many trades in losses. It has a win rate of 58%, which is quite low compared to other systems.
Checking the latest trading history, we can see some heavy losses. Almost all of the trades placed recently through this account have ended in losses, and this is why the vendor does not wish to reveal the true performance of the indicator.
Customer reviews
Since there are no user reviews for this indicator on third-party review websites, we can only find them on MQL5. However, we cannot consider these authentic, since the reviews are not moderated, giving the vendor the chance to manufacture them.
Is PZ Trend Trading a viable option?
Advantages
- Works on all currency pairs
Disadvantages
- No money-back guarantee
- Extremely high drawdown
- Lack of authentic reviews
Wrapping up
Live trading results are an important parameter of judgment for Forex indicators. Since PZ Trend Trading has performed horribly in the live market, there is no way we can recommend traders to purchase it. It is not a cheap product and the vendor does not even offer a refund for it. The fact that this indicator lacks authentic user reviews makes it an even riskier investment.
