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PZ Custom Trader EA

5

Would you like to automate your trading using a custom indicator? This EA trades using almost any custom indicator of your choice. It offers fully customizable settings, flexible position management, customizable trading sessions and weekdays, an inverse mode and a martingale mode.

This EA can trade almost any custom indicator, provided it was created to provide entry signals. The EA can read arrow buffers using a different buffer for each trading direction, or it can read a single signal buffer created to store signals in it. Most custom indicators out there fit this description.

Features

  • Easy to use and supervise
  • Customizable break-even, SL, TP and trailing-stop
  • Works for ECN/Non-ECN brokers
  • Works for 2-3-4-5 digit symbols
  • Trading can be NFA/FIFO Compliant
  • Trades can be closed on opposite signals
  • Implements a martingale mode
  • Filter trading by sessions and weekdays
  • Built-in money management
  • Inverse mode

The EA implements four different money management modes:

  • Trade manual lotsize: The EA will trade a fixed lotsize on each trade
  • Auto-calculation of lotsizes: The EA will risk % of the account on each trade
  • Martingale: The EA will double the lotsize after a losing trade

Input Parameters

  • Trading Direction: Filter trades by direction: long, short or both.
  • Max. Concurrent Longs: Set the maximum possible amount of simultaneous buy orders.
  • Max. Concurrent Shorts: Set the maximum possible amount of simultaneous sell orders.
  • Indicator Name: Type the name of the indicator you wish to trade, without file extension. For example: "PZ_SuperTrend" or "MySimpleIndicator"
  • iCustom Behavior: Instruct the EA how to read the custom indicator. It can either read trades from a single buffer or read two different arrow buffers. What option to choose depends how the indicator was created. Ask your developer if you need help.
  • Inverse Mode: Enable or disable the inverse mode, to reverse buys and sells.
  • Signal Buffer: Enter the number of the signal buffer of the custom indicator.
  • Buy Buffer: Enter the number of the buy buffer of the custom indicator.
  • Sell Buffer: Enter the number of the sell buffer of the custom indicator.
  • Session Settings: Enable or disable trading for the Asian, European or American sessions.
  • Weekday Settings: Enable or disable trading for each day of the week.
  • Position Management: This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
  • Money Management: In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale mode with a custom lot multiplier. Entering a manual lot size is recommended.
  • EA Settings: If you trade with an US Broker, enable NFA/FIFO mode. Additionally, you can customie the custom comment for the trades and the magic number.

Signal Buffers for my Metatrader Indicators

This EA can trade any of my free or paid metatrader indicators using the signal buffer below.

Indicator Name
 Signal Buffer
PZ 123 Pattern
1
PZ ABCD Retracement
1
PZ Bollinger Trend
5
PZ Candlestick Patterns
1
PZ Cup and Handle
1
PZ Day Trading
4
PZ Divergence Trading
4
PZ Double Top / Bottom
1
PZ Fractal Channel
2
PZ Harmonacci Patterns
1
PZ Head and Shoulders
1
PZ HHHC LLLC
3
PZ Inside Bars
0
PZ Lopez Flow
5
PZ Lopez Impulse
7
PZ Lopez Speed
6
PZ Lopez Trend
6
PZ MACD TDI
7
PZ Megaphone
1
PZ Multi TDI
7
PZ Order Block
4
PZ Oscillator
8
PZ Pennants
0
PZ Penta-O
1
PZ Reversal Fractals
2
PZ Sandwich Bars
0
PZ Super Trend
3
PZ Support Resistance
0
PZ Swing Trading
6
PZ The Zone
5
PZ Three Drives
1
PZ Trend Trading
12
PZ Triple Top / Bottom
1
PZ Turning Points
2
PZ Wedges
0
PZ Wolfe Waves   1


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of PZ Trading Solutions.

Reviews 1
Frank Paetsch
6080
Frank Paetsch 2021.11.09 01:40 
 

Good idea

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Do not use Windows 7 with this EA MT4toTLGRM EA only sends text messages from Metatrader4 to a Telegram group or channel of your choice. From version 4.23 it sends messages to Discord, Twitter and Facebook. The messages are customizable to show information about any trading activity in the account. Also it shows a daily PnL report. Several instances of this EA can be used simultaneously in the same MT4 terminal for sending messages to different Telegram group/channel but ensure that each one ha
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The WaltSoft Fibonacci Patterns SCOUT searches for Fibonacci Patterns, also called Harmonic Patterns, and displays the results in a clear table. The WSFP SCOUT can search for 16 different Patterns plus 1 Custom Pattern and can process up to 28 Instruments and up to 9 Time Frames at once! It refreshes every second and alerts you when it finds a new pattern! Clicking on a Pair-Time Frame combination will open the relevant chart and displays the pattern(s) which you then can trade manually. Take
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The Trailing Stop Universal utility offers the user a set of 13 trailing methods, each of which can be flexibly configured. The product is available for terminal MT5: https://www.mql5.com/en/market/product/33126 Trailing methods presented in the product can be divided into 2 categories: indicator methods and non-indicator methods. List of indicator trailing methods: Alligator; Average True Range (ATR); Bollinger Bands; Envelopes; Fractals; Ichimoku; Moving Average (MA); Parabolic SAR; Zig Zag.
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Frank Paetsch
6080
Frank Paetsch 2021.11.09 01:40 
 

Good idea

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Reply from developer Arturo Lopez Perez 2021.11.09 16:36
Hello Frank. The EA will trade almost any indicator, but the indicator is not provided. I provide signal buffers for all my indicators, including the free ones, but I can't provide other indicators nor buffer numbers for indicators not created by me. I do reply to questions, please use my helpdesk as help@pointzero-trading.com. The EA trades using either buy/sell buffers or a signal buffer.
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