Is PZ Trend Trading reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if Trend Trading is worth your money or not.
Table of Contents
About PZ Trend Trading
PZ Trend Trading is a forex robot available on MQL5 website. The creator of this product is Arturo López Pérez. The vendor provides us with no information about his trading experience.
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According to the vendor, the EA recognizes profitable pullbacks, breakouts, and early reversals trend moves. Price of the EA is sold $299 with a rental option of $49 (Monthly) as well as free demo.
PZ Trend Trading claims to give advantage in the financial market with its expert strategies. Here, the EA offers forex traders entry points by analyzing what the price is doing during established trends.
The EA claims to use a trend strategy to spot trades.
PZ Trend Trading: Reasons to Avoid This EA
PZ Trend Trading is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
The EA has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
The customers’ feedbacks are pretty worrisome. There are only three customer reviews for the product of which they all sound too good to be true. This is not enough to boost trust that the EA is in market to do as it claims.
Again, the vendor does not provide us with the back test result of the EA. For the trading result provided, trades were badly executed by PZ Trend Trading which resulted to much losses.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
PZ Trend Trading Trading Strategy
PZ Trend Trading uses trend indicators to spot trend-based trading opportunities. The EA recommends that forex traders use the strategy on any currency pair. For the time frame, it works on multi- time frame.
PZ Trend Trading Trading Results
According to the trading result of this EA on myfxbook.com, the account traded on USCCent account on EXNESS with 1:500 leverage. The account dated Dec 29, 2020 with a daily gain of -3.05%, a monthly gain of -60.46% and drawdown of -100.00%.
Also, the account closed 208 trades with an average win of 109.25 pips and an average loss of -139.24 pips.
Conclusion: Is PZ Trend Trading a Reliable Forex Robot?
PZ Trend Trading does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
The lack of details on important insights is a turn off. EA like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money if the EA does not prove trustworthy as it claims is a con.
It is our duty to review forex robot and also share reasons. For now, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.