Introduction
PZ Trade Pad MT5 is one of those trading utilities that come with the promise of simplifying your trading life. With a user rating of 4.19, it seems to be fairly popular. However, as always, let's dig deeper and see if it’s really worth the hype.
Description of Functions
PZ Trade Pad MT5 is designed to offer a variety of trading functionalities that are missing from the basic MetaTrader 5 platform. Here’s a rundown of what it claims to offer:
- Order Execution: Facilitates quick execution of buy/sell orders.
- Presets for Stop Loss and Take Profit: Allows the setting of predefined stop loss and take profit values.
- Close All Orders: Provides a button to close all open positions quickly.
- Customizable Interface: Various lines and dots to assist with chart analysis.
It sounds convenient, doesn’t it? But let’s get to the meat of it.
Analysis of Results
Based on user feedback and our hands-on experience, the performance of this tool has been mixed.
User wernerhe rated it a 3, mentioning that the tool keeps freezing and leaves parts of it on the chart even after it is closed. Not exactly what you want from a trading utility.
On the other hand, Ekain Selected gave it a 5-star rating for its simple but essential features, although he noted some improvements that could be made.
Then we have luism__, who scored it a big fat zero, claiming it didn't work on either MT4 or MT5. A rather glaring red flag.
Finally, both mkshu2 and lisitz found it useful but pointed out minor annoyances, which could potentially be ironed out in future updates.
Pros and Cons
Let's break it down.
Pros:
- Quick order execution
- Predefined stop loss and take profit settings
- Customizable for user preferences
- Highly rated by some users for its essential features
Cons:
- Frequent freezing issues
- Compatibility problems on different accounts and platforms
- Minor bugs requiring manual intervention, such as re-setting stop loss lines
- Incomplete closure of the tool leaving residual elements on the chart
Conclusion
So, is PZ Trade Pad MT5 worth your time? If you’re willing to overlook some bugs and minor inconveniences, it might just be the handy tool you're looking for. However, if stability and seamless performance are critical for your trading needs, you might want to hold off until further updates are released.
Source Code of PZ Trade Pad MT5
We don't have access to the actual source code of the PZ Trade Pad MT5 sold on MQL5. However, you can find a lot of helpful insights and possibly even user-generated code snippets on forums like those on MQL5. If you're feeling adventurous, you can attempt to create your own version based on these descriptions.
Code:
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For more detailed user reviews and to examine the statistics yourself, visit this page. If you have any questions about the code or functionalities, feel free to ask. Just remember, our team at EASY Trading Team does not sell PZ Trade Pad MT5; we simply provide you with tools and insights based on its description.
Stay skeptical and keep trading smart.