Pointzero-trading.com Review Is Point Zero Trading Legit

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Pointzero-trading.com Review: Is Point Zero Trading Legit?

Point Zero Trading Review: this is the name of a forex indicator vendor that develops forex software. Is pointzero-trading.com a scam or a legit vendor?

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

Point Zero Trading is a forex EA vendor that majorly designs robots and software for MetaTrader trading platform traders. Over the years, this group have created about 13 Expert Advisors and 27 Forex Indicators.

Arthur Lopez is the name of the founder, he is a programmer in the company, Point Zero Trading or PZ Trading Ltd. They seem to be based in Hong Kong from the information we gathered from the page. The website has a professional touch and is not overly patronizing as many vendors are in a bid to convince clients.

How Point Zero Trading Works

There are many products up on the page and each have a link to more detailed explanation of how they work. We would be unable to cover all, so we are to look at some EAs and Indicators and what they claim to do.

Hedging EA: this is an automated strategy that turns losing trades into winners by using hedging strategy. It works on both MT4 and MT5.

Triangular Arbitrage: this uses a strategy that places risk-free trades in three related forex pairs to exploit temporary market inefficiencies. It works on both MT4 and MT5.

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Latency Arbitrage: a high-frequency trading system that allows traders to profit from pricing inefficiencies between two brokers. It works on only MT4.

Harmonacci Patterns: it detects Fibonacci price patterns and offers a multi-symbol and multi-timeframe scanner. Works on MT4 and MT5.

Trend Trading: it is designed to profit from trends, pullbacks, inside bar breakouts and possible corrections. Works on both MT4 and MT5.

Candlestick Patterns: an indicator that can recognize more than 30 Japanese candlestick patterns on charts. Compatible on MT4 and MT5.

The page also offers 8 reasons that makes them different from other vendors. These are: quality, security, uniqueness, flexibility, no hype or false promises, free trading tools, free updates, and support.

Pricing Structure for Point Zero Trading

The prices of Indicators available for sale on the PZ Trading page range from $99 to $399. Expert Advisors come with a price range of $149 to $499.

Clients Feedback

The vendor has a pretty good rating of 4.5/5 stars on FPA. It is a commendable achievement but the vendor is found lacking in terms of results. They are mostly from backtests. We have come to rust more in results published on third party websites where they can be confirmed.

Point Zero Trading has some accounts on Myfxbook but most are not verified and many have been stopped.

Support

To contact the vendor, clients are to send an email to: [email protected]

Conclusion

The vendor has done a good job in providing detailed information on strategies and the amount of products offered is impressive. Pricing may seem high for some products but there are affordable ones. The major fault of Point Zero Trading is in the lack of verified results.

PointZero-Trading.com Review Visit site

Formerly at PointZero-Indicator.com

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PointZero-Trading.com profile provided by pztrading, Oct 27, 2020

Our mission is to create top-quality and unique trading tools for the Metatrader Platform, without bold marketing claims. If you like our free indicators and EAs, kindly consider buying a product to support our work.

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Consumer Reviews

My review for “Harmonic Pattern” indicator :
First of all, don’t be attracted by the stats that you will see in the screenshots provided by Arthur in this post. Stats won’t show you the real results. But it will help you to find suitable settings for a specific pair that you are trying to trade. There is a possibility that after you received a signal from the indicator (after the arrow shape appears on your chart) pattern and signal disappears. Instead of repainting the pattern, the signal completely disappears. As a result, the stats won’t be affected nor the amounts of negative (false) signals. Of course, the indicator provides awesome signals most of the times but you should always be aware of this problem.

Thanks to Arthur in recent indicator’s update, the modern harmonic patterns are set to “False(Disabled” by default setting. I advise you to use only historical patterns which are set to “True(Enable)” by default settings. Never ever put the number of breakout bars to “1”. It will cause repainting and disappearing problem for all patterns. Even if you see good results from stats don’t be fooled. The most suitable number for breakout bars is “2”. Also about “Deviation”; Don’t set it to “Only perfect patterns”. It will only help the accuracy of the pattern a bit more and you will miss a lot of trade opportunities during your trading time. The best deviation number is 25%. Trust me. Sometimes (very rarely) you will see a pullback after buy/sell signal so It’s better to not open position immediately after you see the signal arrow and prepare yourself for pullbacks situations. The indicator also works well in lower timeframes such as 5min. I tested a few signals and it worked very well. But as you know, if you want the best accuracy try to trade higher timeframes.

Customer service is awesome. Arthur answers to your questions and problems very fast. The only thing that was a sneaky movement and frustrated me was “non-refundable payment while using discount code” law. I didn’t even know about this. After Arthur told me about this law I tried to look for it, I went to the payment page and noticed this law is written at the bottom part of the payment page which you won’t even notice about it while you see the big “7-day money back guarantee” banner.

Overall, this indicator worths the price that Arthur chose for it. Just be Patient and don’t request refund like me after seeing those problems that I mentioned at first. Try to find a suitable trading style for yourself while using this indicator.

Again, the generation of programmers who copy my books and try to program software that they think is harmonic is ridiculous. Arturo, you can not walk both sides of the line and call it straight. You do not even understand what harmonic patterns are truly about nor do you honor my intellectual property rights – let alone the HUNDREDS OF THOUSANDS OF DOLLARS YOU HAVE MADE with these sub-par programs. Now, you rename the patterns and still want to associate this as a harmonic product. ALL CUSTOMERS SHOULD READ THIS AS A MAN WHO IS SELFISHLY TRY TO HOLD ON TO SELL A GIMMICK THAT EVEN HE FAILS TO SEE HURTS HIS INTEGRITY. My legal complaints are valid and you responded but your desire to sell a “harmonic gimmick” that does not even define the NATURAL CYCLICAL PATTERNS PROPERLY confirms my assertion that you need to take a long look before you dig further troubles for yourself. You are selling trader tools that you do not even use. Go ahead, code what you think people may buy but your lack of REAL TRADING KNOWLEDGE disqualifies as knowing anything about the markets.
And as far as harmonic is concerned, I will not stop protecting my Trademark and Copyrights that you fail to respect. More to come about PZero because I am not finished with you until you are out of the harmonic business.

May 17, 2020 – 1 Star Arturo is plagiarizer who has recently renamed his harmonic pattern product because I was successful in my DMCA Complaint. He tells people he respects my work but tries to get around by renaming the patterns. I own the TMs and Copyright on harmonic patterns and this is NOT PUBLIC DOMAIN. I have shared many free resources to promote the ideas to help traders. THIS GUY IS JUST TRYING TO SELL GIMMICK INDICATORS and his harmonic patterns were not even close to being correct. I want everyone to know that all of the harmonic scanners are flawed and DO NOT REPRESENT MY WORK. I have the only official program that represents these protected rights. This is a continuation of my efforts to expose this BS. I am going to always protect my rights and defend the integrityof my work. So, go ahead try a PZero product but STAY AWAY FROM THEIR HARMONIC RIPOFF PRODUCT. More to come. Scott Carney HarmonicTrader

Reply by pztrading submitted May 22, 2020 Dear Scott Carney,

Thanks for your review. I do appreciate your work and try to be courteous to you at all times in our interactions, but it gets more difficult by the day because of your derranged, rude and unrespectful comments. Since you raised your issue with me to the public domain, I’ll post the reply you deserve publicly as well.

It is correct that my indicator does not implement your Harmonic Trading approach to the letter: I took a more deterministic approach to it by waiting for the pattern to exist and later time the trade using a breakout, whereas you would anticipate the D point and place your order at that specific price. This particular approach of mine has been developed listening to my clients -what they actually wanted-, and it is indeed a creative license that deviates from your original concepts. Unlike you, I listen to my clients and adapt to what they want, instead of trying to enforce a methodology to them. This is why they like my indicators and not yours, regardless the names of the patterns the indicator displays.

Just to be clear, you did not send a DMCA complaint to me nor I plagiarized your work at all. You have no grounds for a DMCA complaint. I simply read your book and coded an indicator many years ago, before any of your indicators existed. So, maybe you plagiarized my indicator, who actually knows? Maybe I have grounds for a DMCA complaint.

What you sent was a trademark complaint, which is very different from a DMCA complaint, and very different from a patent, but you seem to confuse these three concepts. In fact, you are trying to enforce your trademarks as if they were patents on the patterns, and they are not by any stretch of the imagination.

What you have are trademarks, which are designed as reserved words to be used by merchants for market recognition, and enforced to avoid corporate identity theft. But nothing else: just changing a letter on these names is enough not to violate your trademarks.

As a consequence to your complaint, I renamed all patterns with a self-explanatory alternative. With any luck, they’ll get traction and we traders will be able to discuss pattern technical analysis openly without fear of receiving legal notices from someone trying to build a business out of enforcement instead of value.

I would like everyone reading this to start using other pattern names to avoid issues with Mr. Scott Carney. If you use any his reserved words, he’ll set out on a maniacal crusade to scare you into his compelled speech restrictions.

The pattern names I suggest are the following:

Bartley Pattern (aka as Gartley Pattern)

Lobster Pattern (aka as Crab Pattern)

Dragonfly Pattern (aka as Butterfly Pattern)

Hello, my name is Arthur

and I am a programmer! I create amazing forex indicators and expert advisors for Metatrader4 and Metatrader5, the world leading trading platforms.

Enhance your trading with professional metatrader tools.

Metatrader Expert Advisors

Latency Arbitrage

A high-frequency trading strategy that allows traders to profit from pricing inefficiencies between two brokers.

Triangular Arbitrage

The triangular arbitrage strategy places risk-free trades in three related forex pairs to exploit temporary market inefficiencies.

Hedging EA

Automated management strategy that turns losing trades into winners using a unique hedging strategy.

Averaging EA

Automated management strategy that turns losing trades into winners using averaging.

Day Trading EA

Fully-automated trading strategy that scalps untested breakouts of variable periods upon detected trading ranges.

Stop Reverse EA

Automated martingale strategy that turns your losing trades into winners using alternative directional trades.

Grid Trading EA

Profitable and mechanical trading strategy which has no reliance on direction and profits from wavy volatility.

Euro Trader EA

Fully-functional trading strategy designed to trade EUR/USD. No intervention or optimization needed.

What makes us different

Quality

We have more than 10 years of experience coding trading tools. It allows us to create complex, meaningful and understandable indicators and expert advisors .

Security

Rest assured our indicators and expert advisors are properly coded to ensure a predictable and safe execution in your account.

Uniqueness

Every single one of our indicators and expert advisors has been coded from scratch and with great care, without using third-party code or rehashing.

Flexibility

Our indicators and expert advisors offer a great degree of flexibility, and can be parametrized to match several trading and risk profiles.

No hype or false promises

We claim to create top-quality trading tools and nothing else. We will never appeal to greed, false promises or aggressive marketing to reach into your pockets.

Free trading tools

We are proud to give away most of our work for free. Hundreds of hours of work have been spent creating our free indicators and expert advisors .

Free updates

Our premium trading tools are paid just once and include free software updates for life. Our indicators and expert advisors are regularly updated.

Support that cares

Our helpdesk is reachable 24/7 and makes sure no query goes unanswered.

Metatrader Indicators

Harmonacci Patterns

This indicator detects fibonacci price patterns and offers a multi-symbol and multi-timeframe scanner.

Trend Trading

Indicator designed to profit from trends, pullbacks, inside bar breakouts and possible corrections.

Day Trading

Intraday trading indicator designed for scalping, without backpainting or repainting. It has a 90% winning ratio.

Swing Trading

The first indicator designed to detect baseline swings in the direction of the trend and possible reversal swings.

Divergence Trading

This indicator finds regular and hidden divergences on many symbols and timeframes, using lots of well known oscillators.

Wolfe Waves

A natural and reliable reversal pattern present in all markets and timeframes, that precedes big market movements.

Lopez Trend

This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise.

Candlestick Patterns

This indicator recognizes over 30 Japanese candlestick patterns on your chart. A must-have indicator.

Payment Methods

User Reviews

Our mission is to create top-quality and unique trading tools for the Metatrader terminal, without hype or false promises. If you like our free indicators and EAs , kindly consider buying a product to support our work.

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