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PZ Trade Pad Pro MT5

This is a visual trade panel that helps you to place and manage trades easily, avoiding human errors and enhancing your trading activity. It combines an easy to use visual interface with a sound risk and position management approach.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Amazingly easy to use
  • Trade easily from the chart
  • Trade with precise risk management, hassle free
  • Capital preservation is top priority
  • Let profits run without your attention
  • Enjoy risk-free trades as soon as possible
  • Automatic trailing stops for all opened trades
  • Initial stop losses are placed as soon as trades are taken

The EA performs the following tasks after you have taken a trade:

  1. The initial stop loss/take profit is automatically placed
  2. It locks into a free-ride as soon as possible (optional)
  3. It moves the stop loss to breakeven for the first time (optional)
  4. It trails the stop loss using your desired method until stopped out

Other cool features are:

  • Great terminal activity reporting
  • A single and yet powerful trailing stop method
  • A clean and on-chart interface
  • It has no input parameters


What happens once I have taken a trade?

This is what the EA does once you have taken a trade:

  1. It places the initial stop loss and take profit orders.
  2. Get a free-ride as soon as possible and assure capital preservation. By default, this is accomplished by closing 50% of the trade when the breakeven point is reached, which is 5 pips by default. This means that if you get stopped out in the future, you will have lost nothing (optional).
  3. The trailing stop starts operating after the breakeven is performed.
  4. It trails the stop loss until stopped out, letting profits run.


How does the trailing stop work?

The trailing stop is expressed as a percentage of the profits of the trade being managed. For example, with a 25% trailing stop value, the actual trailing stop will be 25 pips when the trade is 100 pips in profit, but 250 pips when the trade is 1,000 pips in profit. This allows the profits to run, and the trailing stop remains proportional to the trade profit.


Author

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


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Complete and advanced No Nonsense Forex (NNFX) Algorithm Tester. Test your algorithm across all 28 forex pairs considering news, Euro FX Vix (EVZ) and currency exposure; or use it to help you create a whole algorithm from scratch with your favorite indicators. You can read more about how AlgoMaster NNFX works and all of its features in this blog . Features You can try this program in demo across 3 forex pairs.   Demo Version Full Version Forex Pairs EURUSD, GBPCHF and USDCHF All Forex Pai
190 USD
TradePad
Ruslan Khasanov
5 (1)
The simple solution for quickly trading operations and controlling positions on multiple trading symbols. The panel interface is simple and intuitive. For a comfortable trader's work, the panel includes: the hotkey manager to help you manage all trade operations and chart timeframes; built-in MultiCharts indicator for monitoring multiple trading symbols and generating trading signals; overview of trading statistics for any period of time, as well as various useful information about the trading
250 USD
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PZ Turtle Trading MT5
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PZ Sandwich Bars MT5
PZ TRADING SLU
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PZ Turtle Trading EA MT5
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PZ Market Profile
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Version 8.2 2021.07.08
- Typo fix
Version 7.5 2021.07.08
- Bug fix