Hello, 

first of all: thanks for the great product.

I have two questions:

1) Does the "Expectancy" show the Pips which already subtracted the Spread? I mean if I have for example a Expectancy of 10 Pips and a Spread of 2 Pips, will I have to expect 8 myself or is 10 already the final number?

2) What does the "Filter" setting stand for? In the default settings it is "2.5", but what does it mean?

 Thanks. 

Hi David! Thanks!

1) It does not deduct the spread! If the expectancy is not at least 10 time transaction costs, do not trade!

2) The filter is a donchian condition. A higher value tries to show opposite signals more distanced from each other.

Thanks!

Hello,

 First, thanks a lot for the indicator, looks great and I will see to buy it.

Just one question, do you know if it work on a renko chart ?  

Thanks a lot in advance.

PipsFisherman 

Hi,

What is the criteria for defining if a trade is positive or not if (in you words) "It isn't an always-in-market indicator" and there's no suggestion for take proft and stop loss?

I mean: Which strategy I must follow to achieve the same positive trade ratio and same average absolute expectancy presented on the indicator?

Also, some unrelated questions:

1) What the box means and how to get it's value? I guess no buffer contains that information.

2) The MFE, MAE information is accessible?

Thank you in advice.

Correct if I'm wrong but I guess the MQL Makert version is outdated.

I can't see the multi symbol / timeframe dashboard that can be seen in your site (http://www.pointzero-trading.com/Products/view/PZDayTrading) neither the favorable / adverse excursion lines and labels.

Hi,

In your website,you said all product have 7 days money back.

I've bought PZ swing and PZ day trading.

Now I want to apply refund.

I could absorb the commissions in mql5.

Thanks,

Hi Bijin,

Many apologies. The refund guarantee applies to sales made in my site: I can cancel the license and refund the money there. But in mql5.com, sales are final according to their terms and conditions, and I can't cancel your activations nor return the money. Thanks

Whats' the different between the Day Training and Day Trading Scanner? Is it that one can auto trade and the other only scans for breakouts?

Thanks

Richard

Hi Richard, the scanner complements the main indicator. The scanner scans multiple pairs and timeframes from a single chart.

The day trading indicator shows the signals on the chart.

Thanks

Hi Arturo,

I have recently purchased your product with high expectations considering the good reviews and the great developer you are. It's one of the more expensive indicators that I have purchased and I trust it will be all worth it.
Honestly I have been struggling a bit, I'm hoping you can give me some advice. I just do not get the best entries. I'm testing on pairs with good accuracy and fair expectancy vs cost per trade.

1. Does the PZ Day Trading work better in ranging or trending markets?
2. Is it better to enter with a longer closing bar (spike) or shorter bar? (when arrow appears)
3. Is a larger range box or shorter range box better for higher risk/reward setup?
3. Other than support/resistance, supply demand or volume, do you have any other ideas how to filter or confirm a entry?
4. Do you have any advice on where to place a stop loss?
5. Do you have any advice on profit target levels?
6. When should I not be in the market with this indicator?

I'm hoping you can answer my questions.

Kind Regards,
Peter
  
 

Hi Peter,

Thanks, I reply between lines.

1. Does the PZ Day Trading work better in ranging or trending markets?
It really does not matter, as long as the indicator is not displaying several consecutive opposite signals on a small period of time.

2. Is it better to enter with a longer closing bar (spike) or shorter bar? (when arrow appears)
Longer is better. The more timeframes the breakout has permeated, the better.

3. Is a larger range box or shorter range box better for higher risk/reward setup?
Larger is always better, as more timeframes -higher- timeframes can be affected.

3. Other than support/resistance, supply demand or volume, do you have any other ideas how to filter or confirm a entry?
I am not a fan of over conditining to be honest :D

4. Do you have any advice on where to place a stop loss?
I do not. This is something you have to find to your best judgement.

5. Do you have any advice on profit target levels?
I do not. This is something you have to find to your best judgement.

6. When should I not be in the market with this indicator?
When market is ranging in a  very small range (you can use the higher timeframe atr for this)