Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => Manual Systems, Trade Journals, Indicators, Manual Trade Help => Topic started by: yonkuro on December 07, 2013, 10:33:16 PM

Title: Point Zero Trading
Post by: yonkuro on December 07, 2013, 10:33:16 PM
Hello,

have anybody here ever tried their product, they reach the MQL Top-10 List with a fourth position
http://articles.mql4.com/1124 (http://articles.mql4.com/1124)

they also got 5 stars on FPA  http://www.forexpeacearmy.com/public/review/www.pointzero-trading.com (http://www.forexpeacearmy.com/public/review/www.pointzero-trading.com)

here's their website :
http://www.pointzero-trading.com/ (http://www.pointzero-trading.com/)
and their facebook page
https://www.facebook.com/PointZeroTrading (https://www.facebook.com/PointZeroTrading)
Title: Point Zero Trading
Post by: mozola on December 07, 2013, 11:40:15 PM
If there's a product on the market, which is reliable, top-quality programmed and very-very useful, that's Point-Zero... I have so many stuff from Arturo, he is excellent with his customers and his products. Just take a look to Fprexpeacearmy / point zero tradong, have you ever seen only 5 stars reviews? My all time favorites are: Pz Swing Teading, Pz Wolfe Waves, Pz support - resistance, Pz candlesticks, Pz trend.... As he elains in the descriptions, no repaint, no bullshit... Amazing stuff, amazing seller!
Oh yes, no lagging indis, no messy lines on chart with a lot "you'll be a millionaire tomorrow" promises, only full price action, .... I hate million colored charts with flowers, thousands of indicators on the screen... Those are just useless in my opinion.....

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Title: Re: Point Zero Trading
Post by: yonkuro on December 07, 2013, 11:53:30 PM
Hi Mozola

do you use those indicators to trade, how is the result?
Title: Re: Point Zero Trading
Post by: mozola on December 08, 2013, 01:03:16 AM
I'm fairly a newbie with my 1 year experience, i'm still learning with those, if i put everything in a big hat, i would say 70-75% average winning.... I'm pretty sure, a more experienced trader easily can get more out of them, the Pz Wolfe Waves (Elliott Waves) has the highest winning, it's more than 85% reliable, even on the M15 charts!!! And i'm also a conservative trader-type, so the losing / winning ratio could be different at different traders.


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Title: Point Zero Trading
Post by: mozola on December 08, 2013, 01:43:24 AM
But within 1 year, i spent tons of money for different systems, indis, methods, whatever... I have no faith in million maker systems and ultra-smart EAs anymore.... Whatever you can learn, it's yours and that's what helps you thru the everydays... And if you can find something useful (like Point Zero, what is ultra rare), you can make your trading easier. I want to become a daytrader and make constant money out of the market, i won't chase any pink dreams about 100s of millions and private jets. (It's probably ended with the bust of the arbitrage cheaters, just saw a case at FPA, within one day the guy made $170.000 out of $300.... Yes, there is a statement, he says, it was not arbitrage, the broker thinks different and they locked up the guys account)
To make decent living out of Forex can be the first high step, it could be a nice goal, not a final stage though.



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Title: Re: Point Zero Trading
Post by: fxman on December 08, 2013, 10:31:01 AM
If there's a product on the market, which is reliable, top-quality programmed and very-very useful, that's Point-Zero... I have so many stuff from Arturo, he is excellent with his customers and his products. Just take a look to Fprexpeacearmy / point zero tradong, have you ever seen only 5 stars reviews? My all time favorites are: Pz Swing Teading, Pz Wolfe Waves, Pz support - resistance, Pz candlesticks, Pz trend.... As he elains in the descriptions, no repaint, no bullshit... Amazing stuff, amazing seller!
Oh yes, no lagging indis, no messy lines on chart with a lot "you'll be a millionaire tomorrow" promises, only full price action, .... I hate million colored charts with flowers, thousands of indicators on the screen... Those are just useless in my opinion.....

Sent from my iPad using Tapatalk (http://tapatalk.com/m?id=1)

It is interesting and unbelievable to hear that PZ has a elliott wave indicator that can make 85% profit. Can you share any myfxbook link of that result so that we can trust? As per I know to be a master in elliott analysis is very difficult for wave counter .
Title: Point Zero Trading
Post by: mozola on December 08, 2013, 03:14:22 PM
Hello Fxman,

Like i said, i'm still practicing and i have no myfxbook yet. What i meant with 85% was the SUCCESSFUL  ratio. I'm still working on the money management, Target/stoploss ratio. I know, Elliott Wave is a hard gamer, i tried MotiveWave platform /system earlier - it works with EW, but you have to be a math genius to figure it out.
Just watch the video on PZ site about Wolfe Waves, he made this EW theory easier and you go for the 5th leg with a trendline breakout - so you trade for the highest probability leg, the 5th wave. It is amazing on M15, too.
His product(s) take out a lot of guessing, so you can rely to the indicators, specially when you pair up with PZ Oscillator. No, I'm not his salesman, i simply use his products and i highly recommend those to anyone, because his products are high-end quality.


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Title: Re: Point Zero Trading
Post by: swordfish on December 11, 2013, 03:08:55 AM
Hello Fxman,

Like i said, i'm still practicing and i have no myfxbook yet. What i meant with 85% was the SUCCESSFUL  ratio. I'm still working on the money management, Target/stoploss ratio. I know, Elliott Wave is a hard gamer, i tried MotiveWave platform /system earlier - it works with EW, but you have to be a math genius to figure it out.
Just watch the video on PZ site about Wolfe Waves, he made this EW theory easier and you go for the 5th leg with a trendline breakout - so you trade for the highest probability leg, the 5th wave. It is amazing on M15, too.
His product(s) take out a lot of guessing, so you can rely to the indicators, specially when you pair up with PZ Oscillator. No, I'm not his salesman, i simply use his products and i highly recommend those to anyone, because his products are high-end quality.


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If you have a good setup, please post a chart.
Thanks
Title: Re: Point Zero Trading
Post by: tradeforce on December 18, 2013, 08:33:25 PM
Hello Fxman,

Like i said, i'm still practicing and i have no myfxbook yet. What i meant with 85% was the SUCCESSFUL  ratio. I'm still working on the money management, Target/stoploss ratio. I know, Elliott Wave is a hard gamer, i tried MotiveWave platform /system earlier - it works with EW, but you have to be a math genius to figure it out.
Just watch the video on PZ site about Wolfe Waves, he made this EW theory easier and you go for the 5th leg with a trendline breakout - so you trade for the highest probability leg, the 5th wave. It is amazing on M15, too.
His product(s) take out a lot of guessing, so you can rely to the indicators, specially when you pair up with PZ Oscillator. No, I'm not his salesman, i simply use his products and i highly recommend those to anyone, because his products are high-end quality.


Sent from my iPad using Tapatalk (http://tapatalk.com/m?id=1)

Hi there,

so far i dont see any strategy on exit on the website...how do u exit with his program and what does the oscillator do?
Title: Re: Point Zero Trading
Post by: Kaiser Soze on December 19, 2013, 01:55:24 PM
I'm fairly a newbie with my 1 year experience, i'm still learning with those, if i put everything in a big hat, i would say 70-75% average winning.... I'm pretty sure, a more experienced trader easily can get more out of them, the Pz Wolfe Waves (Elliott Waves) has the highest winning, it's more than 85% reliable, even on the M15 charts!!! And i'm also a conservative trader-type, so the losing / winning ratio could be different at different traders.


Sent from my iPad using Tapatalk (http://tapatalk.com/m?id=1)

Can you tell us what makes THIS particular wolfe wave indicator different from the other ones on the web that are also for FREE/
Title: Re: Point Zero Trading
Post by: Humble on December 19, 2013, 02:31:22 PM
I have purchased the Wolfe Wave indicator from the supplier and although I do not use it extensively, the quality of the indicator is very good.  It feels much cleaner than the free ones available and the quality of the coding seems very professional.  Add to that he is constantly updating any codes which he thinks will improve the indicator (last update to wolfe wave was last week).

If people are asking for a myfxbook for these indicators they are seriously misguided.  These are INDICATORS and NOT EA's that takes and manages trades for you.  It is up to the user to pull the trigger.  You have to use other analysis to confirm the signals the indicators give, Arturo himself says this.   Any myfxbook would be pointless when trying to assess an indicator as it's ultimately the user that has to enter and exit a trade.  Many of his indicators are tools and not complete systems and he makes no claims that they are.

There are many free indicators on his page so try them and see the quality for yourself.  It will give you a good idea of what to expect.

There is also a money back offer on any indicator you buy so you have nothing to loose.  I have never asked for a refund so cannot say whether there are any issues when requesting them.
Title: Re: Point Zero Trading
Post by: Humble on December 19, 2013, 02:36:33 PM
fxman:

As far as I know, PZ does not have an Eliot Wave indicator.  It has a Wolfe Wave indicator which is completely different and is no way intended to be an Elliot wave indicator.

Please check the website yourself to make sure.

Also please read my comments above myfxbook pages and indicators.


It is interesting and unbelievable to hear that PZ has a elliott wave indicator that can make 85% profit. Can you share any myfxbook link of that result so that we can trust? As per I know to be a master in elliott analysis is very difficult for wave counter .
Title: Re: Point Zero Trading
Post by: LFN on December 19, 2013, 05:09:29 PM
Is the TrendFollowingSuite a product which shows exact where to open an order and close the order? Also with money management? In that case it is a complete system and not only an indicator.
But you still have to click the buy and sell buttons and exit the order manually.

Anyone is using TrendFollowingSuite?
Title: Re: Point Zero Trading
Post by: Humble on December 19, 2013, 05:44:21 PM
No, the indicator does not show you arrows where to enter and exit a trade.

If you go to the indicator web page, there is a section titled, 'How to trade - The different trading setups are as easy as it gets'. 

There is also a video that shows the indicator in action.  Have a look, there are no arrows telling you where to buy and sell.

As the vendor also suggests trading of a Weekly, Daily or H4 chart, chances are you will have to find better confirmations of entries/exits on lower timeframes (if this is your trading style).

Below are some of the extracts direct from the PZTrendFollowingSuite site:

+ It isn't an automated trading system
+ It doesn't replace the trader


What is the PZ Manager EA for?
The PZ Manager is an Expert Advisor which can manage your trades applying several configurable exit strategies. It can partially close your orders, move the stop-loss to break-even and trail the stop-loss using your desired method and parameters.

How can the PZ Manager trail the stop-loss?
The PZ Manager EA can trail the stoploss using three different methods: 1) The highest/lowest of the desired amount of past bars, 2) An ATR based stop-loss with the desired multiplier and 3) A fixed stop-loss in pips.

As you can see, the Exit strategies and the trailing stop-loss are all to be decided by the trader after testing on each security they wish to apply this indicator on.

Please click on the 'Frequently asked questions' and you will see after reading that it is not an indicator which you simply buy and then install after which it will start to produce signals.  You have to test and decide for yourself which methods to use.  Each method will depend on the market being analysed and there will not be a method that suits every security.


Is the TrendFollowingSuite a product which shows exact where to open an order and close the order? Also with money management? In that case it is a complete system and not only an indicator.
But you still have to click the buy and sell buttons and exit the order manually.

Anyone is using TrendFollowingSuite?
Title: Re: Point Zero Trading
Post by: tradeforce on December 19, 2013, 06:02:44 PM
I have purchased the Wolfe Wave indicator from the supplier and although I do not use it extensively, the quality of the indicator is very good.  It feels much cleaner than the free ones available and the quality of the coding seems very professional.  Add to that he is constantly updating any codes which he thinks will improve the indicator (last update to wolfe wave was last week).

If people are asking for a myfxbook for these indicators they are seriously misguided.  These are INDICATORS and NOT EA's that takes and manages trades for you.  It is up to the user to pull the trigger.  You have to use other analysis to confirm the signals the indicators give, Arturo himself says this.   Any myfxbook would be pointless when trying to assess an indicator as it's ultimately the user that has to enter and exit a trade.  Many of his indicators are tools and not complete systems and he makes no claims that they are.

There are many free indicators on his page so try them and see the quality for yourself.  It will give you a good idea of what to expect.

There is also a money back offer on any indicator you buy so you have nothing to loose.  I have never asked for a refund so cannot say whether there are any issues when requesting them.

Hi, I do understand its not an ea, robot or anything of that sort, it's basically manual entry and exit...what I would like to know if you can share the exit strategy for this?
Title: Re: Point Zero Trading
Post by: LFN on December 19, 2013, 06:51:17 PM
No, the indicator does not show you arrows where to enter and exit a trade.
Is the TrendFollowingSuite a product which shows exact where to open an order and close the order? Also with money management? In that case it is a complete system and not only an indicator.
But you still have to click the buy and sell buttons and exit the order manually.

Anyone is using TrendFollowingSuite?

I have watched the video and read the site: http://www.pointzero-trading.com/Products/PZTrendFollowingSuite (http://www.pointzero-trading.com/Products/PZTrendFollowingSuite)
It does indeed show every trading opportunity as a signal presented on the chart with a number. Then you have to take the action to take the trade. It is written in detail how to place the order. It seems to have almost everything (but of course not beeing an EA).
So...is anyone using this TrendFollowingSuite?
I am interested since there is a lot of positive reviews floating around the net about PZ Trading.
Title: Re: Point Zero Trading
Post by: Humble on December 19, 2013, 07:52:14 PM
If you Google Wolfe Waves, it will show you how the entries are constructed and the potential target level and stops.

Below is a good page.

http://en.forex-utility.com/strategy/8Volny+Vulfa.htm (http://en.forex-utility.com/strategy/8Volny+Vulfa.htm)



Hi, I do understand its not an ea, robot or anything of that sort, it's basically manual entry and exit...what I would like to know if you can share the exit strategy for this?
Title: Re: Point Zero Trading
Post by: tradeforce on December 19, 2013, 08:03:19 PM
If you Google Wolfe Waves, it will show you how the entries are constructed and the potential target level and stops.

Below is a good page.

http://en.forex-utility.com/strategy/8Volny+Vulfa.htm (http://en.forex-utility.com/strategy/8Volny+Vulfa.htm)



Hi, I do understand its not an ea, robot or anything of that sort, it's basically manual entry and exit...what I would like to know if you can share the exit strategy for this?


thanks for the link !!! so you followed the point 1 to point 4 and extend the line to reach TP? you successful with it? I may try it out..at least there is now an entry , stop loss and TP ball park...not just entry rules.
Title: Re: Point Zero Trading
Post by: Humble on December 19, 2013, 08:16:35 PM
The numbers are not entry signals, they simply give indication of potential entry.. They are independent of the oscillator and PZ bars indicator which you also have to observe.   You have to manually look at the additional indicators when the numbers appear and decide if everything is lining up. If you simply take trades when the numbers appear, this is not the way to use the indicator.

Below is the set-up he gives when a number 1 appears:

#1 The Trend Change
This trading setup is very straigthforward: the trend has changed and a ❶ or a ❶ is plotted on the chart. Don't try to guess if the price will retrace or not, you can't. Instead of trying to predict the market, use pending orders to take the trade should the price keep moving in the same direction. This trading setup is more reliable if the color of the PZ Bars Indicator has just changed.
Place a buy stop order at the high of the last bar if...
A Blue Circle ❶ appears on the chart
The oscillator confirms and is above the signal line


The bold parts show you that you have to observe the other indicators manually and not just rely on the number 1 appearing.

Why don't you email the vendor and ask him yourself?


You have to remember, PZ Trading sells a lot of indicators and the good reviews are about PZ Trading generally as a vendor.  The indicator you buy has to be right for you and the way you trade.

There is a 7 day money back guarantee so you have nothing to loose by buying and trying it.



It does indeed show every trading opportunity as a signal presented on the chart with a number. Then you have to take the action to take the trade. It is written in detail how to place the order. It seems to have almost everything (but of course not beeing an EA).
So...is anyone using this TrendFollowingSuite?
I am interested since there is a lot of positive reviews floating around the net about PZ Trading.
Title: Re: Point Zero Trading
Post by: Kaiser Soze on December 19, 2013, 08:27:47 PM
Found this on another forum so maybe he won't be so quick to reply to emails:

you are right CH888 over priced & even the free EAs that are provided its 90% Q i emailed him once & forgot to say "THANK YOU " he was like if you dont say thank you i don't answer emails i said WTF r u serious he thinks he is the S**** well too bad there are better ppl here i guess & by the way he does not answer emails that fast even in the forum forget that i asked a question yet to get an answer but whats funny is I asked him HOW MUCH TO MAKE A CUSTOM EA & boooooommmm guess what i get an answer within 1 hour you see what i mean.

Title: Re: Point Zero Trading
Post by: Kaiser Soze on December 19, 2013, 08:31:12 PM
Has anyone tried the PZ harmonic indi yet?  From same forum as above:

 "PZ indicators are certainly above average as far as MT4 tools go, but you can tell that most were built on free code from trading forums & merely improved.
Compared to what you can get on Tradestation, Ninja, Sierra, & other better trading platforms, his stuff is way overpriced.
He uses trailing stops & step MA's for trend; nothing original or ground breaking.
The Wolf Waves indie is good, but the harmonic indie is much better."



Title: Re: Point Zero Trading
Post by: Humble on December 19, 2013, 08:34:02 PM
You can't just trade Wolfe waves when the pattern completes.  You need to find rejection at the pattern completion points and base your entries accordingly.

The indicator from PZ has the option of turning off a strict wolfe waves so you have to be careful when looking at wolfe waves.

I find the time it takes to reach the price target zone can sometimes be too long for me and in the meantime, you can have lots of different swings until it eventually reaches the target zone.  You do have to monitor the trade and be aware of situations where prices will not go to the target zone so you have to be able to take profits early.

It does work and the risk reward for wolfe waves, like many harmonics patterns is very good but you do have to wait for strict waves to appear which can be a very long wait especially if you are trading on the higher time frames..

There are free wolfe wave indicators out there, try them first or better still, google wolfe waves and see if you can spot them on the chart with a naked eye, that is the best way to learn patterns.

thanks for the link !!! so you followed the point 1 to point 4 and extend the line to reach TP? you successful with it? I may try it out..at least there is now an entry , stop loss and TP ball park...not just entry rules.
Title: Re: Point Zero Trading
Post by: swordfish on December 21, 2013, 10:55:25 PM
Thank you , Humble, for the link. Now I have better understanding of the Wolfe Waves. I read somewhere it is better to couple with divergence for confirmation.  Here was a good setup. High reward:risk.
http://i802.photobucket.com/albums/yy304/fxswordfish/divergencesystem15_zps532e20f9.jpg (http://i802.photobucket.com/albums/yy304/fxswordfish/divergencesystem15_zps532e20f9.jpg)

Another one:
http://i802.photobucket.com/albums/yy304/fxswordfish/divergencesystem16_zps3456599c.jpg (http://i802.photobucket.com/albums/yy304/fxswordfish/divergencesystem16_zps3456599c.jpg)
Title: Re: Point Zero Trading
Post by: Humble on December 22, 2013, 08:45:10 AM
My pleasure.

Basically you are looking for any form of confirmation that the trend at point 5 has come to an end or is likely to.  This can be in any way such as divergence, support/resistance levels, price action.  All depends what your experiences are and what you think works.

On the links you sent, on daily charts, it took over a month for those wolfe waves to develop and then another 2 weeks or so to meet targets.  The rewards/risk was almost 6:1 so they would have been great trades.  With this sort of reward to risk, you only have to be right about 20% of the time to be successful in the long-term.  All depends if you have the patients to trade the dailies (unfortunately I do not).

I have tried them on lower time frames where they do work but I have other methods which I prefer to use on these shorter time frames.  My own belief if that wolfe waves work better and give better reward/risk on longer time frames.

You also need to be aware that the rules of drawing wolfe waves has changed over time depending on which site you read.  Some say that the 1-3 line and the 2-4 line must meet at some point in the future to form an ETA point.  If this does not happen, the pattern is not valid.  Some say it does not matter.  It's a personal choice and you must do your own testing to see if wolfe waves that meet the ETA criteria are more successful than those that do not.

Hope this helps.

Thank you , Humble, for the link. Now I have better understanding of the Wolfe Waves. I read somewhere it is better to couple with divergence for confirmation.
Title: Re: Point Zero Trading
Post by: tradeforce on December 22, 2013, 01:43:30 PM
Humble, thank you for the extensive opinion and me too , don't think I have the patience for the wave system. If I may humbly ak, what system are you using that is effective and profitable, be it the daily down to 15 min. Thanks!
Title: Re: Point Zero Trading
Post by: Humble on December 23, 2013, 11:11:09 AM
Humble, thank you for the extensive opinion and me too , don't think I have the patience for the wave system. If I may humbly ak, what system are you using that is effective and profitable, be it the daily down to 15 min. Thanks!

Without meaning to high-jack the thread, I will briefly explain my approach.

The middle of this year, I tried to really simplify my trading.  I have no indicators on my charts at all.

As I am not a full-time trader, I trade of the hourly charts where I draw horizontal and diagonal support/resistance lines.  I use price action to determine how prices approach any support and resistance to determine if these support/resistance are likely to hold ie. if prices approach with real momentum, chances are these support and resistance levels will fail.  I have also recently been experimenting with tick and range charts which will hopefully allow me to make better decisions when prices are approaching levels of support/resistance.

I also continuously look at how current prices are moving in relation to making higher highs, lower highs, lower lows, higher lows.I always have an expectation of where I think prices will go given the hh, hl, ll, lh structure.  When my expectation is wrong, I know something has changed so I need to trade accordingly.  You must always have an expectation of where you think prices will go given the current structure.  If prices then do something different, you know something has changed.

As an example, if you see prices have been making higher highs and higher lows, expectations are that prices are heading higher so we should have a new higher high.  Now if prices reverse to test the higher low area and this is done with real momentum (steeper candles to the downside), it's an indication that something has changed.  Either demand has dried up and prices are finding it hard to make a new higher high or that there are powerful sellers who are looking to drive the price lower at these levels.  Whether the bulls or bear wins doesn't matter, what matters is that based upon our reading of the last structure and our expectation, something has changed and we need to trade accordingly.

Below are a few YouTube vids that I have found very very useful - all from the same person - take what you find useful from them.

Nov 13 (http://www.youtube.com/watch?v=0iCgNCm0vJg#ws)
PA (http://www.youtube.com/watch?v=9nMXyhMgj-A#ws)
Order Flow (http://www.youtube.com/watch?v=u8eGrIvlCBQ#ws)

I don't claim to have a full system in place but the above has really helped me develop a feel for price action and where prices are likely to go next which in my opinion is the most important thing.  My entries/exits seem to be getting a lot better and trades do not seem to go against me the moment I open them.  Nothing I do is original or secret.  Everything I do and use I have found through reading pages on the web and watching many youtube clips.  I have taken what works for my personality and created something that I can work with.

I think trading is very personal and your approach to it has to reflect your personality.  You cannot trade the same system as anyone else as the time frame, approach, risk, may simply not agree with your personality.  The secret (hard work) is to find what works for you and develop something accordingly and not jump from different system to different system.

I think it's important to always be reading and learning even if you have something which works.  You never know if you may find something that you can use in the future or add to your current approach that will make it more robust.

I believe there are no secret indicators or ea's  that will magically give you ideal buy and sell arrows.  Trading is hard work and it has to be worked at and worked at and worked at. 

Hope this helps in even a small way.




Title: Re: Point Zero Trading
Post by: tradeforce on January 01, 2014, 05:23:56 PM
Thank you humble.
Title: Re: Point Zero Trading
Post by: rogelio11 on March 17, 2014, 06:03:02 AM
did anyone bought their indicators and got good results?
Title: Re: Point Zero Trading
Post by: swordfish on March 17, 2014, 05:07:23 PM
Looking for confluence with Xtreme Zones. A picture worth a thousand words.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs25.postimg.org%2Fy375itgan%2Fxtreme_wolfe.jpg&hash=f6e9beec2df09598e6563ac0c9a9fc96) (http://postimage.org/)
 (http://postimage.org/app.php)
Title: Re: Point Zero Trading
Post by: LFN on March 17, 2014, 05:27:15 PM
Looking for confluence with Xtreme Zones. A picture worth a thousand words.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs25.postimg.org%2Fy375itgan%2Fxtreme_wolfe.jpg&hash=f6e9beec2df09598e6563ac0c9a9fc96) (http://postimage.org/)
 (http://postimage.org/app.php)

Which PZ indicator is this?
Title: Re: Point Zero Trading
Post by: swordfish on March 17, 2014, 05:33:42 PM
Which PZ indicator is this?

PZ Wolfe Waves.

By the way, I am actually swordfish. I endorse these products.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs25.postimg.org%2Fc5aop11a7%2Fgeorge_clooney.png&hash=7530eba7fa6709dc578854d09f7fe0f0) (http://postimage.org/)
 (http://postimage.org/app.php)

Title: Re: Point Zero Trading
Post by: caddyhexe on March 17, 2014, 06:37:57 PM
Get outta here  ;D :) ;)
Title: Re: Point Zero Trading
Post by: swordfish on March 17, 2014, 08:30:16 PM
Damn! You blew my cover.
(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs25.postimg.org%2Fk8dge3b9b%2Fswordfish_hacker.jpg&hash=03a5ffbe6eb8faa5fdac479e659fd01b) (http://postimage.org/)
 (http://postimage.org/)

If anyone interested, I will post more WolfeWaves and XtremeZones pics to show how the two work together.
Title: Re: Point Zero Trading
Post by: reinerh on March 17, 2014, 08:39:15 PM

hi swordfish,

your account stopped updating, can you check and see whats going on ?

Title: Re: Point Zero Trading
Post by: swordfish on March 17, 2014, 11:45:52 PM

hi swordfish,

your account stopped updating, can you check and see whats going on ?


I forgot to turn off Cheytach after a trade (violation of one of my rules) and hit NZD interest rate news.  So I just let the account self destruct., like smashing a pumpkin.  Have learned enough experience for trading it live.   No more playing with the monopoly money. Been working on an EA to remove human errors like this. Almost done.
Title: Re: Point Zero Trading
Post by: reinerh on March 18, 2014, 01:31:44 AM

ah ok.

lets hope your ea project will work out.

news can hit ya good especially the aussie nz news during asian time.
Title: Re: Point Zero Trading
Post by: hellboy75 on April 05, 2014, 07:34:41 PM
How good are the zero point indicators compared to similar products from Fxquick route? i.e. dual drive & trend flow. Also, can any of these be used for both entry and exist as compared to just trend confirmations;

cheers
Title: Re: Point Zero Trading
Post by: hanscafe59 on May 12, 2014, 11:14:27 AM
If I purchased one license. How many devices and account can run on?
If I change device or pc or vps, what should I do to ensure I still have the
license.
Title: Re: Point Zero Trading
Post by: hanscafe59 on May 23, 2014, 11:19:35 PM
How good are the zero point indicators compared to similar products from Fxquick route? i.e. dual drive & trend flow. Also, can any of these be used for both entry and exist as compared to just trend confirmations;

cheers
I like this question but the thread is silence ::)
Title: Re: Point Zero Trading
Post by: mactrading on July 12, 2014, 06:30:10 PM
Has anyone tried the PZ harmonic indi yet?  From same forum as above:

 "PZ indicators are certainly above average as far as MT4 tools go, but you can tell that most were built on free code from trading forums & merely improved.
Compared to what you can get on Tradestation, Ninja, Sierra, & other better trading platforms, his stuff is way overpriced.
He uses trailing stops & step MA's for trend; nothing original or ground breaking.
The Wolf Waves indie is good, but the harmonic indie is much better."

Hi, i am actually using this and you can see in this chart that i am already in profit and trailing my stops,
so far most of my trades does have positive results, i'm just new in using harmonics and want to learn more, hope to keep this up!!!

cheers :)


(https://charts.mql5.com/5/198/sgdjpy-h1-trading-point-of.png)
Title: Re: Point Zero Trading
Post by: mactrading on August 12, 2014, 03:05:24 PM
Nice post humble, totally agree,

trading is very hard and you just have to be patient and continuously hound your own craft, there is no one size fits all in trading, you just have to learn to adjust what the market is willing to give you

cheers,  :)
Title: Re: Point Zero Trading
Post by: mactrading on August 18, 2014, 03:03:00 PM

just want to share my harmonic trade,  audusd pair, closed half and move stop to breakeven

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2Faqyo131j7%2Faudusd_8_18_2014.png&hash=797ae5d855ce2f8b3f9a0ae5343084e5) (http://postimage.org/)

cheers,  :D
Title: Re: Point Zero Trading
Post by: aagarcia on August 18, 2014, 09:51:59 PM

just want to share my harmonic trade,  audusd pair, closed half and move stop to breakeven

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fs27.postimg.org%2Faqyo131j7%2Faudusd_8_18_2014.png&hash=797ae5d855ce2f8b3f9a0ae5343084e5) (http://postimage.org/)

cheers,  :D

Thanks.  But let me ask you- Don't you have to be adjusting the seetings and it's discretionary per trader?  It's not really OOTB is it?
Title: Re: Point Zero Trading
Post by: mazad4 on August 19, 2014, 12:15:45 AM
Hm, I'll have to check it out. So far, all I use is my own method and pure Price Action on an MT4. It seems to work, 70%-75%. I'm still refining it, but at least I'm in the green!

My suggestion, if you use it, refine it until it's the most reliable method for you. Every trader is different, so it may not even work for you. Anyways, good luck and happy trading!
Title: Re: Point Zero Trading
Post by: taru on August 19, 2014, 11:04:03 AM
Can anyone using PZ Trend indicator tell if the signals (especially trend change) lag or do they appear immediately after completion of a bar and whether they repaint?

Sent from my GT-I9100G using Tapatalk 2

Title: Re: Point Zero Trading
Post by: taru on August 19, 2014, 12:42:42 PM
Never mind. Got a reply from Arturo himself who says "nothing repaints and everything is displayed at bar closing".
Title: Re: Point Zero Trading
Post by: mactrading on October 06, 2014, 05:26:38 PM
yup does not repaint

 :D
Title: Re: Point Zero Trading
Post by: The_Snowman on January 03, 2015, 01:59:56 AM
Bump this up for 2015  ;)

I am trying the Day Trading indicator on 4H charts, got lucky with both entries yesterday, some massive US dollar moves, even a blind squirrel finds a nut occasionally

The box it draws reminds me of this bookhttp://vantagepointtrading.com/wp-content/uploads/2010/05/How-I-Made-2000000-in-the-Stock-Market.pdf (http://vantagepointtrading.com/wp-content/uploads/2010/05/How-I-Made-2000000-in-the-Stock-Market.pdf)

Was hoping to find other users to compare PZ settings, oh well, off to Google for other forums, have a pipping new year all, John

PS - please note the charts are DEMO account, started $100,000 traded it up with PA trading
Title: Re: Point Zero Trading
Post by: The_Snowman on January 03, 2015, 08:53:41 PM
Here a good one, or should I say 2 - 500 up and 500 down

Not that you catch all of that but sure looks good, even help offset the hopefully small loss trades earlier

So no one used this yet?
Title: Re: Point Zero Trading
Post by: Bigsteve on January 03, 2015, 09:17:35 PM
Which of their indicators are you using?
Title: Re: Point Zero Trading
Post by: alasdeaguila on January 03, 2015, 11:48:07 PM
How good are the zero point indicators compared to similar products from Fxquick route? i.e. dual drive & trend flow. Also, can any of these be used for both entry and exist as compared to just trend confirmations;

cheers

 the same question zero point compare to fxquite route or Hawkeye traders system? what are best if we can use the word "best"
Title: Re: Point Zero Trading
Post by: The_Snowman on January 04, 2015, 12:53:20 AM
Which of their indicators are you using?

I mentioned that quite clearly 2 posts back; please pay attention. How do you ever see a trade signal?

It is the DAY TRADING indicator, seems we can post links OK on this forum?

http://www.pointzero-trading.com/Products/PZDayTrading (http://www.pointzero-trading.com/Products/PZDayTrading)

I never heard of FX Quickroute if that other poster was asking me... maybe best to read the thread on it and get a better idea.

I had a brief look at that website, seems to me that Point Zero is more professional, I read he is an excellent programmer.

Also on Forex Peace Army he has 5 star rating, and that's impossible to get and keep for long if any hint of scam or wrong doings.
Title: Re: Point Zero Trading
Post by: J16 on January 04, 2015, 02:50:03 AM
i wish that there are accounts with fx books with some decent history on these inductors and ea.
Title: Re: Point Zero Trading
Post by: The_Snowman on January 04, 2015, 05:42:02 AM
i wish that there are accounts with fx books with some decent history on these inductors and ea.

Have you been to the Point Zero website? He has developed some EA's and has video of backtesting.

By all accounts he is a fantastic writer of code / software; he would be the man to ask, not random guys you meet here  ???

History on the Day Trader indicator would be different for every account, people trade different pairs, different time frames; so very difficult to provide
Title: Re: Point Zero Trading
Post by: prof8t on January 05, 2015, 09:57:04 PM
Here a good one, or should I say 2 - 500 up and 500 down

Not that you catch all of that but sure looks good, even help offset the hopefully small loss trades earlier

So no one used this yet?

I also have this indicator and use it sometimes on 4-hour charts.  What type of s/l and t/p strategy are you using with it?
Title: Re: Point Zero Trading
Post by: rodneyp on January 05, 2015, 10:49:36 PM
Which of their indicators are you using?

I mentioned that quite clearly 2 posts back; please pay attention. How do you ever see a trade signal?

It is the DAY TRADING indicator, seems we can post links OK on this forum?

http://www.pointzero-trading.com/Products/PZDayTrading (http://www.pointzero-trading.com/Products/PZDayTrading)

I never heard of FX Quickroute if that other poster was asking me... maybe best to read the thread on it and get a better idea.

I had a brief look at that website, seems to me that Point Zero is more professional, I read he is an excellent programmer.

Also on Forex Peace Army he has 5 star rating, and that's impossible to get and keep for long if any hint of scam or wrong doings.

It says that it works on MT5, has anyone tested it?. I am trying MT5 out with Alpari and so far so good, the problem is that there are not many good commercial EAs around that actually work with it (
Title: Re: Point Zero Trading
Post by: The_Snowman on January 05, 2015, 11:38:54 PM

It says that it works on MT5, has anyone tested it?. I am trying MT5 out with Alpari and so far so good, the problem is that there are not many good commercial EAs around that actually work with it (

If you have MT5 installed, go to the market tab - if it is there, I'm sure it will work on MT5

Also, on the website, there are different link for M4 and MT5 - if anyone will know it works, surely it is the author of the indicator!
Title: Re: Point Zero Trading
Post by: rodneyp on January 06, 2015, 12:32:43 AM

It says that it works on MT5, has anyone tested it?. I am trying MT5 out with Alpari and so far so good, the problem is that there are not many good commercial EAs around that actually work with it (

If you have MT5 installed, go to the market tab - if it is there, I'm sure it will work on MT5

Also, on the website, there are different link for M4 and MT5 - if anyone will know it works, surely it is the author of the indicator!

Thanks. I will test it today.
Title: Re: Point Zero Trading
Post by: The_Snowman on January 06, 2015, 11:05:20 AM
Catch of the Day

Ideal entry, trade continue in chosen direction, check the 1 hour chart showing the daily & weekly average range already met - it's only Tuesday !!

If real $$$ I would watch very close but for these, I will let them run, who knows what happen in Forex?
Title: Re: Point Zero Trading
Post by: rodneyp on January 06, 2015, 11:47:48 AM
What is the best time frame to run this thing on?
Title: Re: Point Zero Trading
Post by: The_Snowman on January 06, 2015, 11:57:17 AM
What is the best time frame to run this thing on?

Whatever you like, depends on your experience, knowledge, risk tolerance, read the website

http://www.pointzero-trading.com/Products/PZDayTrading (http://www.pointzero-trading.com/Products/PZDayTrading)

I'm using 4H as it seems to catch some long swings, and watch the Daily also, plenty of time for that
Title: Re: Point Zero Trading
Post by: The_Snowman on January 06, 2015, 10:22:45 PM
This type of trade found over and over; combine the 4H analysis with higher timeframe check, the DAILY
 8)
Title: Re: Point Zero Trading
Post by: The_Snowman on January 06, 2015, 11:04:07 PM
How can we use this to our advantage; filter by Daily trend using PZ signals

Here is GBP-NZD, highlight the last PZ zone, you can find any Price Action (PA) on the chart as to what you are using now

Moving Averages (MA) converging and crossover

Lower Highs (LH) and Lower Lows (LL)

Round Number (RN) 2.00

Trendline = down

Move to 4H chart

GREAT, we can see retracement, even a long signal - but we want to SELL

Then, a box appears, entry almost the same level as Daily, some crazy PA, much draw down, then goes in main trend direction

Average trade signal (from top left display) 241 pips

Stop Loss is 177, Take Profit at 2:1 is 354 pips

I would take that all day long  :-*


Title: Re: Point Zero Trading
Post by: rodneyp on January 07, 2015, 12:51:30 AM
I just set it up on a one hour time frame. I will report back shortly.
Title: Re: Point Zero Trading
Post by: sienna on January 07, 2015, 01:55:58 AM
The Snowman: Your charts are impressive indeed.
I have not used PZ ..watched a video or two. On those charts you posted: How do you know when to take profits? Is it built into the system, somehow?....and where do you place protective stops, when you enter?
thanks
Title: Re: Point Zero Trading
Post by: The_Snowman on January 07, 2015, 08:59:03 AM
The Snowman: Your charts are impressive indeed.
I have not used PZ ..watched a video or two. On those charts you posted: How do you know when to take profits? Is it built into the system, somehow?....and where do you place protective stops, when you enter?
thanks

You realize that I am just winging it !

This is my research, and looking for feedback here.

Great question - I just place the MT4 Fibo tool on the Close from the candle that the signal appear on, and run it up to the top of that consolidation zone.

Many times there is Forex training / advice / method, you read it before "Put stops at last swing high or low" right?

The PZ indicator posts on the top left the # pips in average winning trade, I set the Fibo to show up to 3 times the stop distance, but suggest Take Profit at 2 times.

See this EUR-USD chart, nobody hold this trade over new year but maybe the setup will appear in future and I will know what to do.

Daily gives signal, my highlight is the blue, it's not from PZ indicator, so I can see this on 4H chart.

Looking for 1st signal on 4H after that, pretty clear on the chart.

Will this continue? Maybe for awhile, or if it reverses, then I do the same but looking for Buy signals, wait and see.

Thanks for your interest  :)
Title: Re: Point Zero Trading
Post by: The_Snowman on January 07, 2015, 09:04:40 AM
PS for the previous post. PZ Indicator tells the average winning trade to be 117 pips, so some will be a lot less, some a lot more

But as a guide, it OK

On the EUR-USD chart shown, the stop loss would be about 70 (also forgot to mention, you can add 10 or whatever above if that suits you)

And the take profit at 2:1 is then 140 pips - I'll take that all day long

It's with the trend, just watch those news days like this Friday coming I believe  :-\
Title: Re: Point Zero Trading
Post by: The_Snowman on January 07, 2015, 09:21:52 AM
Missed this signal, I'm asleep after USA opens

Title: Re: Point Zero Trading
Post by: sienna on January 07, 2015, 09:42:25 AM
Thanks T Snowman, Makes a lot of sense!
Title: Re: Point Zero Trading
Post by: J16 on January 07, 2015, 12:47:51 PM
they also sell EA but do not have fx book live result so ......not taking it
Title: Re: Point Zero Trading
Post by: prof8t on January 07, 2015, 06:45:34 PM
The Snowman: Your charts are impressive indeed.
I have not used PZ ..watched a video or two. On those charts you posted: How do you know when to take profits? Is it built into the system, somehow?....and where do you place protective stops, when you enter?
thanks

You realize that I am just winging it !

This is my research, and looking for feedback here.

Great question - I just place the MT4 Fibo tool on the Close from the candle that the signal appear on, and run it up to the top of that consolidation zone.

Many times there is Forex training / advice / method, you read it before "Put stops at last swing high or low" right?

The PZ indicator posts on the top left the # pips in average winning trade, I set the Fibo to show up to 3 times the stop distance, but suggest Take Profit at 2 times.

See this EUR-USD chart, nobody hold this trade over new year but maybe the setup will appear in future and I will know what to do.

Daily gives signal, my highlight is the blue, it's not from PZ indicator, so I can see this on 4H chart.

Looking for 1st signal on 4H after that, pretty clear on the chart.

Will this continue? Maybe for awhile, or if it reverses, then I do the same but looking for Buy signals, wait and see.

Thanks for your interest  :)

Nice findings!  Seems to work on all timeframes when looking back through the history on a few pairs.  Will be researching these findings along with you. 
Title: Re: Point Zero Trading
Post by: The_Snowman on January 07, 2015, 07:16:07 PM
they also sell EA but do not have fx book live result so ......not taking it

Well, you are just too picky  8)

His EA are grid strategy, nothing to do with the Day Trading Indicator we are discussing here; I'm not buying any trading EA either

There is excellent free EA available anyway
Title: Re: Point Zero Trading
Post by: J16 on January 07, 2015, 07:24:51 PM
they also sell EA but do not have fx book live result so ......not taking it

Well, you are just too picky  8)

His EA are grid strategy, nothing to do with the Day Trading Indicator we are discussing here; I'm not buying any trading EA either

There is excellent free EA available anyway
Look carefully, there are different kind of EAs. Only one is grid. Explore the website a bit.
Title: Re: Point Zero Trading
Post by: The_Snowman on January 07, 2015, 07:55:16 PM
Look carefully, there are different kind of EAs. Only one is grid. Explore the website a bit.

I'm a bit slow, you might have to show me what you are talking about.

This is what I see, and when hover mouse over both Pound Trader and Euro Trader they both claim to be grid trading, so that is 3 grid EA's at least.

I don't find any EA pertaining to this Day Trading indicator that I'm using ???
Title: Re: Point Zero Trading
Post by: hanscafe59 on January 07, 2015, 10:49:15 PM
Hi,
anyone know how to select which currecy to trade. 
Title: Re: Point Zero Trading
Post by: The_Snowman on January 08, 2015, 01:33:10 AM
Hi,
anyone know how to select which currency to trade.

There should be no restrictions; indicator is based on price action - think Darvas Box - so as long as there is movement, then consolidation, there will be signal
Title: Re: Point Zero Trading
Post by: The_Snowman on January 08, 2015, 03:54:47 AM

Nice findings!  Seems to work on all timeframes when looking back through the history on a few pairs.  Will be researching these findings along with you.

Hey that's great  :) find anything yet, let's see a chart

If you need any help, let me know, templates etc.  :-*
Title: Re: Point Zero Trading
Post by: The_Snowman on January 08, 2015, 04:15:38 AM
Managed to enter this right at the signal !!! and it's pretty much taking off, nearly at the 1 to 1 risk reward (RR) point, move stop loss to Break Even (BE)

A long time since the signal on Daily but you can see the trend intact for now with higher highs, higher lows

I will start to Position Size according to account size using 1% risk only, and calculate with the stop loss pips

I've been lazy and just taking trades at 1 Lot

For instance this trade should be 1.61 so the profit shown should be 1.6 times 736 = about $1,100
Title: Re: Point Zero Trading
Post by: The_Snowman on January 08, 2015, 08:21:56 AM
Captains Log, StarDate 8-1-2015, just after London Open

Account is making new equity highs, current open positions shown and all in profit, some to BE stops, so no risk trades.

EUR-NZD is interesting as it has already declined 550+ pips, the weekly average range of 300 is on the chart, amazing

Mentioned before about the Lot size, I will be adjusting these to risk as I open new trades
Title: Re: Point Zero Trading
Post by: prof8t on January 08, 2015, 08:35:26 PM
My home run trade for the week... I actually too this trade at the beginning of the week based off of another strategy I use, however, the Day Trading indicator verified it later and I took a second position.  I liked how this particular trade was in confluence with the 100 MA.  Roughly 132 pips to the bottom.  I only need 50-100 per week... 8)
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 12:58:14 AM
That looks great, good catch, we need more team members to help spot entries next week - any 4H traders out there?

This is probably how my chart would look, round number stop loss of 100, it's stalled at the Average Weekly Range (AWR) now, waiting on Friday news I expect

All the best  8)
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 01:15:32 AM
AUD-CAD has switched to LONG signal, can enter now or wait for signal to develop on 4H charts next week
Title: Re: Point Zero Trading
Post by: rodneyp on January 09, 2015, 01:48:47 AM
Out of 37 trades 26 have been profitable so far  8)
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 02:46:58 AM
Out of 37 trades 26 have been profitable so far  8)

Doesn't mean much without some context or more details; did you know that you might have 99 winning trades and only 1 losing trade that blows the account?

Which pairs? Which timeframe?

Thanks, John
Title: Re: Point Zero Trading
Post by: prof8t on January 09, 2015, 08:22:50 AM
AUD-CAD has switched to LONG signal, can enter now or wait for signal to develop on 4H charts next week

Hmm... Interesting... My Indicator shows that change happened much sooner on the daily chart...


Title: Re: Point Zero Trading
Post by: prof8t on January 09, 2015, 08:24:33 AM
AUD/CAD Daily

Our indicators seem to be showing a difference in when this change occurred.  See below...

Title: Re: Point Zero Trading
Post by: prof8t on January 09, 2015, 08:41:53 AM
GBP/CAD Example (1 Hour Chart)

Four hour chart had a bearish signal.  Then, one hour chart gave entry signal.  I don't think I would personally use this on anything less than a one hour chart.  Preferably four hour charts are probably best.  This signal gave 1:2 profit.



Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 09:00:53 AM
AUD/CAD Daily

Our indicators seem to be showing a difference in when this change occurred.  See below...

Could the indicator we have, different input - here I am using the default settings for Daily chart.

I had a 4H signal on 1 broker and it didn't show on the other because of something like 2 pips - just didn't close above the high of the box structure.
Title: Re: Point Zero Trading
Post by: prof8t on January 09, 2015, 09:06:10 AM
AUD/CAD Daily

Our indicators seem to be showing a difference in when this change occurred.  See below...


AUD/CAD Daily

Our indicators seem to be showing a difference in when this change occurred.  See below...

Could the indicator we have, different input - here I am using the default settings for Daily chart.

I had a 4H signal on 1 broker and it didn't show on the other because of something like 2 pips - just didn't close above the high of the box structure.

Ahh... yes.  The difference in the indicators.  Check out the indicator parameters box on the Point Zero Website and you'll see that it has since been re-designed.
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 09:22:00 AM


also dont trust his indicators, he markets signals using his indicators but look at his trade results.
he had a signal on his website saying this uses all his indicators, now he removed it because its crap

https://www.mql5.com/en/signals/44381 (https://www.mql5.com/en/signals/44381)
Title: Re: Point Zero Trading
Post by: prof8t on January 09, 2015, 09:27:46 AM


also dont trust his indicators, he markets signals using his indicators but look at his trade results.
he had a signal on his website saying this uses all his indicators, now he removed it because its crap

https://www.mql5.com/en/signals/44381 (https://www.mql5.com/en/signals/44381)

Not sure what this account is based off of, but I have had pretty good success with a few of his indicators.  Of course as with any indicator there must be discretion.
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 09:31:13 AM
its a shame he creates a signal and said he used his indicator and still resorted to a grid!

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails111.imagebam.com%2F38018%2F7cb570380178395.jpg&hash=2457da3478cbc12cfaf7a669b82b625e) (http://www.imagebam.com/image/7cb570380178395) (https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails109.imagebam.com%2F38018%2F13396f380178407.jpg&hash=922f79d46de188b98e0ce40b07c4d98d) (http://www.imagebam.com/image/13396f380178407)


Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 10:10:15 AM
Closed all trades -

1. NFP later in USA session

2. Most have already made the AWR thus far

3. I didn't position size them properly

4. And they are reversing or holding

Will work on charts / indicators and start fresh next week

Showing 0.198 balance increase - say 2% - but not all PZ trades

Strictly position size and PZ trading from here  ;)
Title: Re: Point Zero Trading
Post by: ehippo on January 09, 2015, 10:11:51 AM
yes indeed,

i checked his signal worth40USD, said it uses all pz indicators. now about 50%Drawdown

even the creator CANT make profit with his own indicators. very funny.
this severely destroys his credibility.
Title: Re: Point Zero Trading
Post by: hanscafe59 on January 09, 2015, 10:55:37 AM
Hi The Snowman,

I like your ATR and entry price indicator. Always to share them over here?
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 11:24:10 AM
ADR & AWR attached

Not sure what you mean by entry price ???

I'm using the Fibo tool, will show the settings

John
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 11:28:48 AM
take note of the system used by the owner of point zero himself

"This is a multi-currency trading system which profits from range-bound price movements in the forex market. It is based on the assumption that currency pairs mostly move in ranges as governments struggle to balance imports/exports and production against deficit spending: all currencies devaluate against real assets but they do so moving in ranges against each other. The entry strategy is mostly based on support and resistance levels and other Pz Trading® custom indicators. The position management algorithm defines a probable range in which the market is going to move and allocates a predefined risk exposure as several stealth pending orders between the upper and lower range. Once one or more of those pending orders are executed, all trades are managed as a single deal looking for a predefined profit, moment in which the deal is closed."

And results are dangerous, 45% dd and mql5 suspended it. I just like to warn members here possibilities of using his indicators. just my 2 cents

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails111.imagebam.com%2F38018%2F7cb570380178395.jpg&hash=2457da3478cbc12cfaf7a669b82b625e) (http://www.imagebam.com/image/7cb570380178395)

BR
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 11:46:00 AM
take note of the system used by the owner of point zero himself

BR

Thank you for your concern but it is mis-directed; we are discussing a Manual trading method here, in fact that is the heading of this section.

You are quoting what seems to be a trading EA? Perhaps you can do a search and see if others are discussing this EA because we won't be.

All the best, John
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 12:11:51 PM
please take time to read this.

"This is a multi-currency trading system which profits from range-bound price movements in the forex market. It is based on the assumption that currency pairs mostly move in ranges as governments struggle to balance imports/exports and production against deficit spending: all currencies devaluate against real assets but they do so moving in ranges against each other. The entry strategy is mostly based on support and resistance levels and other Pz Trading® custom indicators. The position management algorithm defines a probable range in which the market is going to move and allocates a predefined risk exposure as several stealth pending orders between the upper and lower range. Once one or more of those pending orders are executed, all trades are managed as a single deal looking for a predefined profit, moment in which the deal is closed."

it said it used point zero indicators. so this is a manual system by the owner himself  ;)
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 12:21:56 PM
please take time to read this.

"This is a multi-currency trading system which profits from range-bound price movements in the forex market. It is based on the assumption that currency pairs mostly move in ranges as governments struggle to balance imports/exports and production against deficit spending: all currencies devaluate against real assets but they do so moving in ranges against each other. The entry strategy is mostly based on support and resistance levels and other Pz Trading® custom indicators. The position management algorithm defines a probable range in which the market is going to move and allocates a predefined risk exposure as several stealth pending orders between the upper and lower range. Once one or more of those pending orders are executed, all trades are managed as a single deal looking for a predefined profit, moment in which the deal is closed."

it said it used point zero indicators. so this is a manual system by the owner himself  ;)

I still don't understand what you are on about and how it affects us.

What page is that on by the way?

Here is the page that you need to read - http://www.pointzero-trading.com/Products/PZDayTrading (http://www.pointzero-trading.com/Products/PZDayTrading)

That is the ONLY indicator we are discussing here, none of the "other custom indicators" you said in green writing.

I'm sure you are quoting about a trading EA - absolutely nothing to do with us

Thanks for your concern, John
Title: Re: Point Zero Trading
Post by: hanscafe59 on January 09, 2015, 12:33:11 PM
ADR & AWR attached

Not sure what you mean by entry price ???

I'm using the Fibo tool, will show the settings

John

John,
Thanks. I will analyze how these indicator work ... AWR
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 12:42:11 PM
Hi John,

yes, i just shared this to warn others. It up to them to decide. How can you trust the manual trading tools if the creator cant juice some profits out of it?
i think this makes some sense
Title: Re: Point Zero Trading
Post by: e1vis on January 09, 2015, 05:23:00 PM
It's a shame that you feel the need to post links to cracked versions of a vendor's software.

its a shame he creates a signal and said he used his indicator and still resorted to a grid!

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails111.imagebam.com%2F38018%2F7cb570380178395.jpg&hash=2457da3478cbc12cfaf7a669b82b625e) (http://www.imagebam.com/image/7cb570380178395) (https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails109.imagebam.com%2F38018%2F13396f380178407.jpg&hash=922f79d46de188b98e0ce40b07c4d98d) (http://www.imagebam.com/image/13396f380178407)

if you want the indicators, there are free versions here

[]

Title: Re: Point Zero Trading
Post by: e1vis on January 09, 2015, 05:24:28 PM
Well, what you're doing is unlawful.

Hi John,

yes, i just shared this to warn others. It up to them to decide. How can you trust the manual trading tools if the creator cant juice some profits out of it?
i think this makes some sense

you mean this indicator?
[]
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 06:08:57 PM
how is this unlawful? i just placed the link of another forum i browse which is
WWI
i got the files there.nothing there said its unlawful.

i just gave my insights about this, my personal opinion since this is a forum.
Title: Point Zero Trading
Post by: mozola on January 09, 2015, 07:21:58 PM
Why would you post cracked / hacked / non-authorized product of a vendor, who actually sells the product? I have PZ indicators, too , but all of those need authentication from the vendor, so you have to pay for it first. Arturo doesn't post his custom indicators all over the place, what makes you to do that?
And on top of that, you warn others about your issues with the product, what's actually a good software with excellent support. How nice of you.

M

how is this unlawful? i just placed the link of another forum i browse which is
http://worldwide-invest.org/metatrader-indicators/40568-pz-trading-indicators-pointzero-trading.html (http://worldwide-invest.org/metatrader-indicators/40568-pz-trading-indicators-pointzero-trading.html)
i got the files there.nothing there said its unlawful.

i just gave my insights about this, my personal opinion since this is a forum.
Title: Re: Point Zero Trading
Post by: e1vis on January 09, 2015, 07:46:25 PM
You're providing links to illegally cracked software. Which bit of that don't you understand?  Whether or not that forum says the software has been obtained unlawfully is irrelevant. It has clearly been cracked - anyone reading the posts in your link could see that.

And you haven't just posted a link to a forum, you've separately also posted a cracked file as an attachment. 


how is this unlawful? i just placed the link of another forum i browse which is
http://worldwide-invest.org/metatrader-indicators/40568-pz-trading-indicators-pointzero-trading.html (http://worldwide-invest.org/metatrader-indicators/40568-pz-trading-indicators-pointzero-trading.html)
i got the files there.nothing there said its unlawful.

i just gave my insights about this, my personal opinion since this is a forum.


Sent from my iPhone using Tapatalk
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 08:28:37 PM
ok, if this thread prohibits sharing then i can remove if required
i read diff forum around the web,

and i know 3 popular forum threads that share this pz indicator for free without any problems, no restrictions or whatsoever so i didn't mind posting the link here

BR
Title: Re: Point Zero Trading
Post by: odysseus11 on January 09, 2015, 08:41:57 PM
There are several sites where hacked and pirated software is linked and placed, like WWI
This is NOT such a place.
It is EXPRESSLY against our rules, and we dont give a hoot where else they may be found. Remove any such links, and please dont do it again.


ok, if this thread prohibits sharing then i can remove if required
i read diff forum around the web,

and i know 3 popular forum threads that share this pz indicator for free without any problems, no restrictions or whatsoever so i didn't mind posting the link here

BR
Title: Re: Point Zero Trading
Post by: The_Snowman on January 09, 2015, 08:47:05 PM
ok, if this thread prohibits sharing then i can remove if required
i read diff forum around the web,

and i know 3 popular forum threads that share this pz indicator for free without any problems, no restrictions or whatsoever so i didn't mind posting the link here

BR

Seems that you know some forums - if you have any genuine personal, experience with Point Zero products (EA or Indicator) please formulate a review and post it here

http://www.forexpeacearmy.com/public/review/www.pointzero-trading.com?page=1 (http://www.forexpeacearmy.com/public/review/www.pointzero-trading.com?page=1)

Other than that, please let us continue what we have going here without further disruption, thank you

Have a nice weekend, John
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 08:52:56 PM
There are several sites where hacked and pirated software is linked and placed, like WWI
This is NOT such a place.
It is EXPRESSLY against our rules, and we dont give a hoot where else they may be found. Remove any such links, and please dont do it again.


ok, if this thread prohibits sharing then i can remove if required
i read diff forum around the web,

and i know 3 popular forum threads that share this pz indicator for free without any problems, no restrictions or whatsoever so i didn't mind posting the link here

BR

sure, i will remove them
Title: Re: Point Zero Trading
Post by: vnives11 on January 09, 2015, 10:24:26 PM
Hi John,

No need because i didnt buy any of his products, and after seeing this

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails111.imagebam.com%2F38018%2F7cb570380178395.jpg&hash=2457da3478cbc12cfaf7a669b82b625e) (http://www.imagebam.com/image/7cb570380178395)


CERTAINLY NO, That is why you see his indis free all over the net

BR
Title: Re: Point Zero Trading
Post by: sienna on January 09, 2015, 10:58:41 PM
Captains Log, StarDate 8-1-2015, just after London Open

Account is making new equity highs, current open positions shown and all in profit, some to BE stops, so no risk trades.

EUR-NZD is interesting as it has already declined 550+ pips, the weekly average range of 300 is on the chart, amazing

Mentioned before about the Lot size, I will be adjusting these to risk as I open new trades

Hi T Snowman,
If I read this correctly, on the charts you posted, there were (on the far left) a few signals which would have taken you out at a loss, had you placed your stops, (behind  swing high/lows, which is IMO a wise move). So how do you know/ when not to take a signal ...do you use any additional filter?... does the system tell you?.....how do you avoid getting whipsawed?
thanks
Title: Re: Point Zero Trading
Post by: The_Snowman on January 10, 2015, 12:19:19 AM
Hi John,

No need because i didnt buy any of his products, and after seeing this

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails111.imagebam.com%2F38018%2F7cb570380178395.jpg&hash=2457da3478cbc12cfaf7a669b82b625e) (http://www.imagebam.com/image/7cb570380178395)


CERTAINLY NO, That is why you see his indis free all over the net

BR

Well, indicators didn't trade that.... an EA did and I said many times we are NOT discussing an EA here

And I'm still waiting for the link to that warning you keep on about....
Title: Re: Point Zero Trading
Post by: The_Snowman on January 10, 2015, 03:13:56 AM

Hi T Snowman,
If I read this correctly, on the charts you posted, there were (on the far left) a few signals which would have taken you out at a loss, had you placed your stops, (behind  swing high/lows, which is IMO a wise move). So how do you know/ when not to take a signal ...do you use any additional filter?... does the system tell you?.....how do you avoid getting whipsawed?
thanks

OK, for a start you may have missed my idea of how to filter the trades on 4H by first finding the last signal on the Daily chart

That is highlighted by the Yellow in that chart - I put that there, the indicator only draws the box outline - if I fill the box yellow color shown by Daily signal, I can see where that is on 4H and 1H charts

Ignore the Long signals on 4H except to recognize that is the retracement needed to find another Short signal

There will be no guarantee of success, try to read the Price Action as well, for instance there is trend line broken on Daily at signal point, the PZ Box just focus your attention to the PA and gives a suggested entry e.g. the Close of signal candle

Also, what do you know about EURO ? since June 2014, see the EUR-USD chart, everybody knows EURO is weak

So, see this Daily chart first, I will work on the 4H chart to answer about what signal to take or not take.

Title: Re: Point Zero Trading
Post by: The_Snowman on January 10, 2015, 03:30:36 AM
Here is the 4H chart after seeing the signal on Daily, remember the box do not repaint

2 trades were possible, as I mention, the Long signals just focus the attention on PA, there is retracement, this is what Fibonacci traders look for, trend line broken for breakout traders
Title: Re: Point Zero Trading
Post by: The_Snowman on January 10, 2015, 03:38:34 AM
This 4H chart of previous signals, yes, 2 loss trades if signal taken, PA is very choppy before Christmas / New Year break, when it gets like that, you have choice to look for better opportunity.
Title: Re: Point Zero Trading
Post by: vnives11 on January 10, 2015, 07:15:18 AM
Hi John,

No need because i didnt buy any of his products, and after seeing this

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fthumbnails111.imagebam.com%2F38018%2F7cb570380178395.jpg&hash=2457da3478cbc12cfaf7a669b82b625e) (http://www.imagebam.com/image/7cb570380178395)


CERTAINLY NO, That is why you see his indis free all over the net

BR

Well, indicators didn't trade that.... an EA did and I said many times we are NOT discussing an EA here

And I'm still waiting for the link to that warning you keep on about....

how you know its an EA? all i know is it uses the pz manual indicators. that's all.
i have removed the links in my post bro, no more WWI links

BR
Title: Re: Point Zero Trading
Post by: The_Snowman on January 10, 2015, 09:58:47 AM
how you know its an EA? all i know is it uses the pz manual indicators. that's all.
i have removed the links in my post bro, no more WWI links

BR
Hello

Been using FQ tools for a week and its been a good experience. Im now a member and cant wait to interact here. I have been tracking this forum and now decide to join. I can say Fxquickroute is a very innovative developer. These tools are very good and cant be compared to others. Customer service is also Very excellent, my questions were answered very fast and they are transparent on what to expect to their products.

The thing i also like most is that they do constant updates, not just like other vendors who treat everything as a one shot business.

Looking forward to learn more here with the pros

BR

Seems you are very happy over in FX Quick Root thread, so perhaps stay over there, and stop posting here as you have NO interest,
NO indicators and NO valuable input thus far

Good bye, my last reply on the subject

PS: Donna needs "Ignore" option like Forex Factory
Title: Re: Point Zero Trading
Post by: vnives11 on January 10, 2015, 11:16:10 AM
how you know its an EA? all i know is it uses the pz manual indicators. that's all.
i have removed the links in my post bro, no more WWI links

BR
Hello

Been using FQ tools for a week and its been a good experience. Im now a member and cant wait to interact here. I have been tracking this forum and now decide to join. I can say Fxquickroute is a very innovative developer. These tools are very good and cant be compared to others. Customer service is also Very excellent, my questions were answered very fast and they are transparent on what to expect to their products.

The thing i also like most is that they do constant updates, not just like other vendors who treat everything as a one shot business.

Looking forward to learn more here with the pros

BR

Seems you are very happy over in FX Quick Root thread, so perhaps stay over there, and stop posting here as you have NO interest,
NO indicators and NO valuable input thus far

Good bye, my last reply on the subject

PS: Donna needs "Ignore" option like Forex Factory

haha! how funny you brought this one up. its off topic!!! you must be reading the quickroute thread.

For the record, i am happy using fq tools. i post my trade, win or loss. no big deal.

since you started this, for i have something to post.
 
i have pz day trading and dual drive indicator. For me DD is better! uses better win% calculation(realistic) and stats calculation to use in real trading, dd is also cheaper, and DD has a built in strategy with xtreme zones.

this is a rule i just heard in WWI: when a product is not good, it will be shared and cracked.
good products remain elusive. Thats why i bought the quickroute stuff since i cant find crack versions of it.

BR


Title: Re: Point Zero Trading
Post by: sienna on January 10, 2015, 12:00:14 PM
I normally don't argue on Forums, but the spirit of vnives11 in his last post leads me to say:

In my opinion, a guy who openly boasts of getting cracked versions (which is an infringement of copyright and a kind of theft), should be banned from DONNA. Plus, to say that good indicators do not get cracked, or that only bad indicators get cracked, is one of the more stupid things I have heard in a long time.
Title: Re: Point Zero Trading
Post by: vnives11 on January 10, 2015, 12:33:28 PM
Why should i be banned?
Did i crack those??? NO.

the only wrong i did was post a link to WWI thread (which now i know is prohibited)

i didnt do something wrong after i have been warned not to do it again.
all WWI links i posted have been removed.

" is one of the more stupid things I have heard in a long time."

I know it sounds stupid,because i also think so. but this is what happens there.
as i read the thread. Go to WWI and find put for yourself.

Product not good >>> shared by user >>> downloaded by members >>>> cracked and shared
Title: Re: Point Zero Trading
Post by: vnives11 on January 10, 2015, 05:04:42 PM
yes indeed,

i checked his signal worth40USD, said it uses all pz indicators. now about 50%Drawdown

even the creator CANT make profit with his own indicators. very funny.
this severely destroys his credibility.

I have to agree, this is what im pointing in the very first place.
Title: Re: Point Zero Trading
Post by: Bigsteve on January 11, 2015, 12:32:35 AM
Even though I'm a big fan of ProFX if I were trading full time I would give a long look at FQR. I read the posts and just wish I had more time for forex.
Title: Re: Point Zero Trading
Post by: Okda on January 11, 2015, 01:01:46 AM
what is FQR please?
Title: Re: Point Zero Trading
Post by: Bigsteve on January 11, 2015, 01:26:39 AM
what is FQR please?
Forex Quick Route
Title: Re: Point Zero Trading
Post by: The_Snowman on January 11, 2015, 06:06:25 AM
what is ProFX please?
Title: Re: Point Zero Trading
Post by: rodneyp on January 11, 2015, 06:59:21 AM
Hi Snowman.

I am using a one hour time frame. Trading on a $150k account.

Thanks for your support.

Rodney
Title: Re: Point Zero Trading
Post by: corre971 on January 11, 2015, 07:36:35 AM
what is ProFX please?
It is another commercial manual System, by Forex 21
Title: Re: Point Zero Trading
Post by: The_Snowman on January 14, 2015, 06:48:56 AM
Some great opportunity out there; sorry for not posting much but an old trader friend clued me in on a great day trader option - 1 pair, 15 min chart, 1 maybe 2 trades per day, 5% per trade - he's been doing it live since last Nov and back tested from Jan 2013, looks pretty good  8)
Title: Re: Point Zero Trading
Post by: zenith.fx on May 21, 2018, 02:27:33 AM
Dear Traders,

Looks like this thread died 3 years ago, nevertheless the scammer still operates, so I will post it.
I have had experience with the seller going back to 2013 when, I am ashamed to admit spent $450 on his worthless garbage, so I am in a good position to make a few concise points to warn and protect others.

1. Like every FX scam he is great at marketing and poor at core activity, in exchange for free junk begs free users for reviews on fx forums, so he can look legit and fool prospect into buying not any better paid stuff.

2. A few years back he offered a PAMM service (I am on his mailing list, just recently checked archived emails), there were few options, the more indicators of his used to manage given portfolio, the higher the commission (not a joke). Now everything is deleted and forgotten, so please think for yourself, why would You buy trading systems and indicators from a loser who cannot even trade using specifically his own tools.

3. The same with his EAs, nowhere to find live or demo performance tests, he had few, but all ended in 2014 or 2015.
Please check the scammer's myfxbook.com page (pztrading).
Looks like he even stopped pretending the garbage work, but still sells it, so his only hope and calculation must be,You will miss 7 days refund deadline.

4. The refunds are another story, the fraudster applies a trick to prevent You from ever getting a refund. In his own words: "If the customer purchased a product using a discount code, the above refund policy does not apply, being the sale final and non-refundable." of course it is not stated upfront, and he takes great care You always have these coupons,  as they are attached to free downloads.
If You are a victim of this scam please contact paypal or your credit card company.

5. Now he is into a new con (pzinvesting.com), much easier to pull off than fx trading, namely stock picking advice, You just pay $699 annually in advance and that's it.
The loser probably subscribes to similar services (often free) himself, and resells the picks to You, just one scam after the other.

Please save your money, stay away.

***For the admins, please issue a scam warning.***
Title: Re: Point Zero Trading
Post by: Paul.Trafford on May 23, 2018, 11:32:30 AM
Thank you zenith.fx for sharing your experience.
All traders should be careful when going for PAMM, MAM solution or another strategy. To stay on the save side I prefer to trade manually 😉
Title: Point Zero Trading
Post by: BarryGoasy on July 06, 2019, 10:21:46 AM
Can someone answer the question, Is it possible to set the zero point on the outline of a part, if so how is it done, as I have tried several ways with no luck?
Thank you.