PZ Reversal Fractals MT5

[TopicStarter]

Introduction​

Well, well, well. Another trading robot promising to make you a fortune. Today, we're dissecting the PZ Reversal Fractals MT5. With a rating of 4.43 and a plethora of satisfied users, you'd think it's the holy grail. But let's see if it can really deliver or if it’s just another overhyped piece of code.

Description of Features​

The PZ Reversal Fractals MT5 is designed to identify reversal points using fractal patterns. Its key features include:

• Automatic identification of potential reversal points.
• Works on any financial instrument.
• Supports multiple timeframes, though users seem to favor 1H and 4H charts.
• Customizable settings for alerts and notifications.
• Integrated with risk management tools.

Its main selling point is its ability to spot reversal points accurately. But accuracy in the trading world is as elusive as a unicorn.

Analysis of Results​

So, how has it been performing over the last year? Users have mixed feelings, but overall, the robot seems to have held its ground. Some users, like algorex, adore it on 1H and 4H charts. Others, like jerrycuellar, note that it performs well but could improve on its delay.

SmokCzerwony1's zero rating with a contradictory positive comment is a bit of a head-scratcher. Either they were being sarcastic or just had a slip of the finger. Always fun to see such anomalies.

Pros and Cons​

Let’s break it down:
Pros:

• High user ratings. A 4.43 rating isn't earned easily.
• Effective on higher timeframes.
• Customizable settings cater to various trading styles.

Cons:

• Potential delays in signal execution. In trading, every millisecond counts.
• Mixed user feedback indicates inconsistency.
• No access to the original source code.

Conclusion​

The PZ Reversal Fractals MT5 seems reliable but not infallible. It has its strengths, especially on higher timeframes, but there are concerns about delay and consistency. It is indeed worth trying if you're a fan of fractal-based strategies, but don't expect it to be a miracle worker.

Let's keep the discussion going. Share your experiences with this robot on the forum. Your insights could help others make informed decisions.

Source Code PZ Reversal Fractals MT5​

We don't have access to the original source code of the PZ Reversal Fractals MT5 sold on MQL5. However, we can create a robot based on the description provided on the MQL5 website. If you have questions about the code, feel free to ask. Note that this would be an example provided by easytradingforum.com and not the original selling point. Our team isn't selling the PZ Reversal Fractals MT5, just a code based on its description.

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Download PZ Reversal Fractals MT5 - Expert Advisor Example Code​

If you're interested in trying out our version of a reversal fractals trading robot, head to the provided link. Keep in mind, this is an example based on the algorithm's description on MQL5, not the original PZ Reversal Fractals MT5. Happy trading!