PZ Super Trend EA MT5

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Introduction​

PZ Super Trend EA MT5 is a trading robot marketed as an outstanding performer in the world of forex trading. However, the effectiveness of any trading robot should be scrutinized before use. This article aims to provide an analytical and somewhat skeptical review of PZ Super Trend EA MT5 based on user comments and available data.

Description of Functions​

PZ Super Trend EA MT5 is designed to automate trading based on trend-following strategies. Key functions include:

• Auto-detection of market trends
• Flexible stop loss and take profit settings
• Adaptation to various market conditions
• Backtesting capabilities
• Optimized for different time frames and currency pairs

While these features sound promising, the practical application often reveals the true worth of such claims.

Analysis of Results​

User feedback paints a mixed picture:

• Lalit Kumar rates it 4/5, calling it Excellent!!! – not the most descriptive review, but positive.
• Lourens Hough gives it a 0/5, citing lack of updates and functional issues.
• Fsl6tn8j also rates it 0/5, mentioning losses and suboptimal settings.
• José Edwin Florez Arce rates it 5/5 and calls it Buenísimo – another glowing but vague review.
• stuartfbs provides a detailed 5/5 review, claiming a 100% win rate in a backtest.

The overall rating of 3.53/5 suggests inconsistency in performance. While impressive backtest results like those mentioned by stuartfbs are alluring, they don’t guarantee future success.

Pros and Cons​

Every trading robot has its upsides and downsides. Here are the main takeaways for PZ Super Trend EA MT5:

Pros:

• Automated trend detection
• Customizable risk management settings
• Backtesting capabilities
• Strong backtest results in some cases

Cons:

• Mixed user reviews
• Reported lack of regular updates
• Some users experienced significant losses
• Dependence on optimal settings for performance

Conclusion​

PZ Super Trend EA MT5 seems to be a mixed bag. While it has some strong features and positive reviews, there are also red flags, such as inconsistent performance and lack of updates. Traders should exercise caution and run their own tests before fully committing to this trading robot.

Source Code of PZ Super Trend EA MT5​

The original source code of PZ Super Trend EA MT5 is not publicly available, making it difficult to scrutinize its internal workings. However, based on descriptions and functionalities provided on its MQL5 product page, one could attempt to develop a similar algorithm. Note that any code created in this manner might not replicate the exact performance of the original robot.

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Download PZ Super Trend EA MT5​

For those interested in exploring or discussing the PZ Super Trend EA MT5 further, we encourage you to visit our forum at easytradingforum.com. If you have any questions about the code based on the robot's description, feel free to ask. Remember, the EASY Trading Team does not sell the PZ Super Trend EA MT5. We only provide example code based on the description available on MQL5.