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PZ Trend Trading is an indicator for the Metatrader platform. It claims to provide maximum profits from the market trends using breakouts and pullbacks. The system works by analyzing the price momentum in different trends and spotting the trading opportunities. Arturo Lopez Perez is the developer of this indicator. He is a programmer from Andorra with more than 8 years of experience. He has developed 179 products including indicators, EAs and 4 signals.
PZ Trend Trading strategies and tests
Features of PZ Trend Trading
The developer claims that this Metatrader tool can operate with confidence and efficiency and reap profits from the set trends avoiding whipsaws. Its main working mechanism is identifying the breakouts, pullbacks, and reversals in the early phase that are profitable. Main features found in this system include self-analysis of performance and quality, a dashboard with multiple timeframes, non-repainting features, and alerts via sound, visuals, and email.
Examples of the indicator’s working methods
The above image explains the indicator’s working method easily. The first shows the trend change, second is the pullback occurring in the trend direction, and third indicates the breakout. The red dash indicates correction in a downtrend phase, while the blue dash indicates uptrend correction. Bullish sub-trends are represented by the blue bars and bearing sub-trends by the red bars.
We could not find backtests for this indicator which is unfortunate. The strategy tester reports help in providing better insight into the system. The absence raises doubts regarding the reliability of the MT4 tool.
PZ Trend Trading live trading account review
We found a real live USCCent account operating since December 2020 using the EXNESS broker and the leverage of 1:2100000000 on the Metatrader 4 platform.
Growth chart and trading stats for PZ Trend Trading
Advanced trading stats and history for PZ Trend Trading
From the trading stats shown in the images above, we can see that the account is not performing well. A loss of 99.9% with an absolute gain of 27.11% are recorded. The difference between the two values may be due to the withdrawals made from the account. For a deposit of USC 8.163.75, the account shows a 0.00 balance.
A drawdown of 100% is present which indicates wiping of the entire account. For a total of 241 trades, the profitability of 56% and profit factor of 1.18 are present for the account. The trading history reveals lot sizes varying from 0.40 up to 1.00. The loss of the entire deposit indicates it is not a safe investment option.
Pricing
Pricing package of PZ Trend Trading
You can purchase this indicator for $299. A rental option is present for pricing which costs $49 per month. A free demo is also present. Some of the important features included in the package are an installation guide, updates installation, MT4 indicator file, the scanner indicator from MT4, regular updates on software, and technical support for a lifetime. When compared to the competitor product rates, we find the cost of this EA is not exorbitant.
Customer support
The options provided for support include an online contact form, via the message board on the MQL5 site, and through Telegram and Facebook links of the company. Besides providing a registration number for the company, the developer does not provide a location address or phone contact. Further, there is a mention on the Contact page that the queries may take 48 hours to respond. We find the support is inadequate.
Is PZ Trend Trading robot a scam?
On using several criteria for assessing the legitimacy and trustworthiness of this indicator we have analyzed criteria like the vendor promises, absence of proven track record, and more. The claim of the vendor that this is a profitable tool is false as the myfxbook review reveals a total loss of the account. The high drawdown, net loss, low profitability, and low profit factor are other indicators that the system is not working efficiently.
We found 107 reviews for the company on the Forex Peace Army site. Some of the user feedback is given below.
User complaining of the poor customer service and ineffective indicator
User feedback revealing the bad support the service offers
From the reviews, it is clear that the company provides poor customer support, ineffective settings, and poor performance.
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