PZ Trend Trading is an indicator that assures high profits by exploiting the market trends. It uses the pullbacks and breakouts for identifying the accurate trades. The best opportunities are spotted after analysis of the price movement during recognized trends.
Arturo Lopez Perez is the developer of this MT4/MT5 tool. As per his MQL5 profile, he has more than 8 years of experience and has developed 179 products and 4 signals. His other products include Lopez Trend, Currency Meter, etc. He is from Andorra and has published this indicator in 2013 with the recent update done in April 2021.
Arturo Lopez claims that his indicator is a predictable and safe tool. Our review aims to analyze the veracity of the claims and give our recommendation on the reliability of the product. As per the developer, this indicator can trade efficiently and with assurance generating profits from established trends. The main approach used is spotting the profitable breakouts, pullbacks, and early reversals. This indicator has been in the market since 2013 and is in version 6.2 now.
What is behind the PZ Trend Trading indicator?
This FX indicator analyses its performance and quality. It uses a dashboard with a multiple-timeframe feature and includes alerts notifying users of the spotted opportunities. As per the developer, it displays 20x more trades when compared to other trend-based tools as it uses market timing. It considers the market trend, pullbacks, and breakouts to find correct entries. The indicator takes advantage of a trend immediately after retracement and strengthens its positions with breakouts and also takes into account the corrections or potential reversals.
This system works on multiple currency pairs but the developer does not reveal the specific pairs the system supports. For the timeframe, he recommends newbie traders use the D1 and W1 timeframes before using the H4 charts. This will help in avoiding the volatile changes and the heavy brokerage commissions which will end up higher than the profits you make from the trades. We could not find recommendations on the minimal capital requirement, the leverage, and the broker.
According to the developer, this FX indicator uses the trend strategy. The system tracks the trend and all the changes during the trend such as the bullish and bearish trend, the pullback and breakout that occur in the direction of the trend, and more.
No backtests are present for the trading tool which is unfortunate as it prevents us from evaluating the efficacy of the indicator. For a product that has been in the market for over 7 years, the absence of backtests is puzzling and makes us suspect the reliability.
To buy this Metatrader tool you have to pay $299. A rental price is also present which costs $49 per month. The developer offers a free demo and a 7-day money-back assurance. When compared to the price of competitor products in the market, the price is a bit overpriced.
Trading performance of PZ Trend Trading
We found a real USCCent account of this indicator using the EXNESS broker and the leverage of 1:2100000000 on the MT4 platform.
From the above images, we can see the account has generated a loss of 99.9% and an absolute profit of 27.11%. The daily and monthly losses recurred are 2.85% and 59.30%. A 100% drawdown is present. From these details, it is clear that the approach and performance of the system are very poor. Other trading stats of importance include the profitability of 56% for a total number of 241 trades and a profit factor of 1.18. The lot sizes used range from 0.40 to 1.
For customer support, the developer provides an email address and is also available on the MQL5 messaging board. We find the info on the support is insufficient and it raises our doubts regarding the reliability of this trading tool.
We could not find recent feedback for the indicator on sites like Forexpeacearmy, Trustpilot, etc. While the Mql5 site features a few reviews, there are no recent reviews indicating this is not a popular product now.