Introduction
In the trading world, one must always tread carefully - especially when it comes to trading robots, like PZ Local Trade Copier EA MT5. This particular robot has garnered mixed reviews from users, with a rating lingering at 3.5. Like any other trading tool, the effectiveness of the robot depends on how one utilizes it, though some doubts are raised based on user feedback.Functionality
PZ Local Trade Copier EA MT5 is developed to replicate trades between MetaTrader 5 accounts. Two notable features are the proportional and multiplier operations which allow the user to proportionally match the lot size of the master and slave accounts or determine a fixed multiplier for the lot size on the slave account.User Feedback Analysis
One user reports issues with uncontrolled copying of positions, calling it a catastrophe, while another praises its speed and functionality but suggests additional features for more effective risk control. Yet another user hails it as a quality product from PZ Trader. The common thread, however, is the call for a more balanced risk management mechanism that takes into account various account risk parameters.
Results Analysis
With a lack of information on its one-year performance, we can only take our cues from user feedback which, to be honest, doesn't exactly paint a flattering picture. A user rating of 3.5 on a good day isn't exactly a standing ovation - more like polite clapping.Pros and Cons
The robot offers fast execution and useful features like proportional/multiplier operations. However, the absence of an effective risk management feature is a glaring flaw, as pointed out by the users.Source Code of PZ Local Trade Copier EA MT5
While we may not have the exact source code of the original PZ Local Trade Copier EA MT5 sold on MQL5, a code can be crafted based on its description on the MQL5 website. For inquiries about the code, feel free to leave your questions. This example code is from easytradingforum.com, based on the robot [] description sold on MQL5.Keep in mind that the EASY Trading Team does not sell PZ Local Trade Copier EA MT5, but merely fashioned a code based on its description.
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Code:
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If you're interested in taking the PZ Local Trade Copier EA MT5 for a spin, it's available for download. Any questions or issues, don't hesitate to ask. But remember, in trading - as in life - there are no guarantees.Disclaimer: The EASY Trading Team is not responsible for your trading results or any damages that may occur from using this software. Trading Forex involves a substantial risk of loss.
