PZ Trading Idicator Template pointzero trading com ~ forex trader business card
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The PZ Trend Following Suite and I couldnt resist to issue an answer to your post. First, what you have in your hands is not the PZ Channel Indicator, but an incomplete decompilation which you might have gotten from ebay or who knows where. It works more or less, but not like the actual/original version. The Pz Trend Following Suite is updated very very often.
Secondly (and I have to say this) you are missing the point about the Pz Trend Following Suite. It is not a magic early no-loss buy/sell signals indicator (aka "the ultimate indicator"), it is a suite that tries to enhance and simplify your trading activity. Here is what each element is for:
- The Pz Dashboard monitors dozens of symbols and tfs, and finds trading opportunities (mail, alerts, sound)
- The Pz Levels and Pz Channel are trend following indictors and are designed to show the trend direction.
- The Pz Bars indicator is used to know the short-term price direction. This is the "time your trades properly" indicator.
- The Pz Oscillator must be used with the Pz Bars indicator to...
> Trade divergences (double top, double bottom, SHS) if the PZ Bars indicator confirms
> Trade breakouts and time your trend trades properly in the direction of the trend
- And finally, the PZ Manager EA is designed to manage your trades properly and save you time. I know lots of traders who pick up great entry points, but they dont know when to exit and lose. This Ea solves that.
So... you are pretty much missing the whole thing because you only have an old version Pz Channel Indicator...with no dashboard, timing indicators or position manager EA.
And of course, MACD is a great indicator as well! Experienced traders can make a killing using only moving averages and macd, like Bill Williams did. Your expectation about PZ to be "better than other indicator" is unrealistic, the goal of the product is not to replace you, but give you tools to be more effective trading (find opportunities, save time and avoid mistakes by automating position management, time your trades accurately, etc).
We are coherent with this, we always recommend our potential customers to learn to trade first and buy the suite with the proceeds of their trading activity: trading is a business and it should be treated like such.
Simply said, with our suite a trader who traded succesfully 5-6 markets can now trade hundreds of markets with more effectiveness and more free time for himself. And this is why the suite is valuable and costs 300usd: you would need a trading staff of at least 5-6 people to trade all those markets and properly manage all positions.
In the same fashion, a losing or compulsive trader is likely to still lose with the Pz Trend Following Suite. The only advantage he could have is letting the Pz Manager EA to manage his trades and avoid costly mistakes.
It seems to me that you are the typical small trader who trades 2-3 forex markets with the only goal in mind to nail entry points with some magical indicator. That is a very poor trading approach: we trade hundreds of markets and know that money is earned when you get out (not when you get in).
Anyway, thats it. Some of our trades are posted in our flickr gallery.
Take a look sometime.
No bad feelings for using our hacked work. Cheers!
PS: A two-bar lag for trend changes is uncomfortable for some people. They prefer to use the PZ Levels indicator which is based on breakouts (instead of fractals) and has no lag.
Secondly (and I have to say this) you are missing the point about the Pz Trend Following Suite. It is not a magic early no-loss buy/sell signals indicator (aka "the ultimate indicator"), it is a suite that tries to enhance and simplify your trading activity. Here is what each element is for:
- The Pz Dashboard monitors dozens of symbols and tfs, and finds trading opportunities (mail, alerts, sound)
- The Pz Levels and Pz Channel are trend following indictors and are designed to show the trend direction.
- The Pz Bars indicator is used to know the short-term price direction. This is the "time your trades properly" indicator.
- The Pz Oscillator must be used with the Pz Bars indicator to...
> Trade divergences (double top, double bottom, SHS) if the PZ Bars indicator confirms
> Trade breakouts and time your trend trades properly in the direction of the trend
- And finally, the PZ Manager EA is designed to manage your trades properly and save you time. I know lots of traders who pick up great entry points, but they dont know when to exit and lose. This Ea solves that.
So... you are pretty much missing the whole thing because you only have an old version Pz Channel Indicator...with no dashboard, timing indicators or position manager EA.
And of course, MACD is a great indicator as well! Experienced traders can make a killing using only moving averages and macd, like Bill Williams did. Your expectation about PZ to be "better than other indicator" is unrealistic, the goal of the product is not to replace you, but give you tools to be more effective trading (find opportunities, save time and avoid mistakes by automating position management, time your trades accurately, etc).
We are coherent with this, we always recommend our potential customers to learn to trade first and buy the suite with the proceeds of their trading activity: trading is a business and it should be treated like such.
Simply said, with our suite a trader who traded succesfully 5-6 markets can now trade hundreds of markets with more effectiveness and more free time for himself. And this is why the suite is valuable and costs 300usd: you would need a trading staff of at least 5-6 people to trade all those markets and properly manage all positions.
In the same fashion, a losing or compulsive trader is likely to still lose with the Pz Trend Following Suite. The only advantage he could have is letting the Pz Manager EA to manage his trades and avoid costly mistakes.
It seems to me that you are the typical small trader who trades 2-3 forex markets with the only goal in mind to nail entry points with some magical indicator. That is a very poor trading approach: we trade hundreds of markets and know that money is earned when you get out (not when you get in).
Anyway, thats it. Some of our trades are posted in our flickr gallery.
Take a look sometime.
No bad feelings for using our hacked work. Cheers!
PS: A two-bar lag for trend changes is uncomfortable for some people. They prefer to use the PZ Levels indicator which is based on breakouts (instead of fractals) and has no lag.
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