Point Zero Trading has a big site where all products are published. The company provides extended information about how everything works.
This list shows every robot’s features that we can rely on.
Point Zero Trading Strategies and Tests
There are many products published, but only Arbitrage and Grid Trading EA have real account trading results. The Grid Trading EA is available on MQL5. It was published on February 24, 2019, by Arturo Lopez. The EA was updated many times. So, the current version is 18.2 (October 15, 2020). The expert advisor was demo-downloaded 1422 times.
The presentation is several lines short if we talk about explanations:
- PZ Grid Trading EA is designed to execute deals automatically on the terminal.
- We may not control it, and the system keeps making profits.
- The robot executes a Grid strategy. It’s based on Grids of orders.
- It is based on “the intrinsic wavy nature of the market.”
- It places pending orders to enter and exit trades in one or both directions.
- This kind of trading can generate from 20 to 200 pip of profit.
- The system can make profits on any currency pair.
- The robot can be set without problems on the terminal.
- It can execute orders in any time frame.
- The system can work without terminal indicators to spot trading opportunities.
- It focuses on a Price Range strategy.
- There’s no forecasting where the market goes behind the system.
- It consistently makes profits from the market moves.
- The Grid size can be configured.
- We can set the risk we want to trade with.
- The robot can work with Forex, CFD, and Futures financial instruments.
- There are useful tips. We don’t know why we need them if the robot trades automatically.
- There’s a settings list which we’re allowed to customize.
We have a GBP/USD report on the D1 time frame. The period was chosen from 2008 to 2016. The modeling quality was 99.90%. The spreads were 10 pips. An initial deposit was $10,000. The total net profit has become $17,981.97. The Profit Factor was 3.84. The maximum drawdown was 11.19%. The robot has closed 2313 deals. The win-rate was 100% for Shorts and 96,48% for Longs. The win-streak was 285 deals.
Point Zero Trading Live Trading Account Review
The developer used to trade his own, but this was five-six years ago.
Grid Trading EA used to work on the real USD account. The broker house was – ForexTime. The robot worked automatically, having used technical data from Metatrader 4. The leverage was set at 1:500. The account has a verified track record badge. It was created on June 01, 2015, funded at $1,814.46. It was withdrawn several times at $518.86 in total. Since then, the absolute gain has become +228.41%.
Grid Trading EA has closed 228 deals with 14,879.1 pips. An average win was +202.84 pips when an average loss was -1448.14 pips. The win-rate was 87% for Longs and 94% for Shorts. An average trade length was two days. The Profit Factor was 2.60.
The robot was applied to different charts and financial instruments. Alas, the good trading frequency we have is only for USD/CHF (25 deals) and XAU/USD (95 deals).
The robot traded at the opening of the European session, during the high-impact news periods, and in the first part of the American session.
Thursday with 32 deals was the less traded day.
The system worked with medium risks to the account balance. To lose 10% of the account, we have to lose only four deals in a row.
The last 20 deals, before the account was stopped, were profitable. It’s hard to come up with the reason why the developer stopped making money. Weird, right?
The robot made some profits from June to August 2015.
Grid Trading EA costs $249 for a copy. We can download it as soon as we pay for it. There are three subscriptions: one-month subscription costs $49, three-month subscription costs $99, and six-month subscription costs $199. There’s a download-free copy of the product. It allows us to check settings and perform a backtest on our own.
Is Point Zero Trading a scam?
Yes. Most likely, the robot is a scam because the trading activities on the real account were stopped six years ago. The system is delivered without well-shaped settings for each currency pair.
One client asked for settings for trading EUR/USD on the D1, but the developer didn’t answer for half a year. Another person noticed that the robot trades without SL levels, and they should be added.