PZ Day Trading MT5

Effortless trading: non-repainting indicator for accurate price reversals

This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations.

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• Amazingly easy to trade
• It provides value on every timeframe
• It displays suitable SL and TP levels
  
• It implements self-analysis statistics
  
• It implements email/sound/visual alerts

Based on breakouts and congestion zones of variable lengths, the indicator uses only price action to pick trades and reacts to what the market is doing very fast.

• The potential profit of past signals is displayed
• The indicator analyzes its own quality and performance
• Losing breakouts are highlighted and accounted for
• The indicator is non-backpainting and non-repainting

This indicator will help intraday traders not to miss a single price reversal. However, not all price reversals are created equal nor have the same actionable quality. Deciding which breakouts to trade and which to ignore depends on the good judgement of the trader.

How to interpret the stats

The indicator studies the quality of its own signals and plots the relative information on the chart. Every trade is analyzed and the overall historic results displayed at the top-left corner of the chart, which allows you to optimize the indicator parameters by yourself, for any given instrument and timeframe. Each instrument and timeframe will have its own optimal settings, which you can find by yourself.

• Maximum Favorable Excursion: The MFE is the best possible outcome for any given trade.
  
• Maximum Adverse Excursion: The MAE is the worst possible outcome for any given trade.
  
• Average Absolute Expectancy: The AAE is the absolute excursion you can expect for any given trade, obtained by subtracting the MAE from the MFE, which reflects the true quality of the entry strategy. In other words, the entry strategy is measured by the relationship between the average best possible outcome and the average worst possible outcome for all the trades displayed.
  
• Losing Trades: Looking at the losing trades in the chart will help you to avoid losing patterns in the future.

• PZ Market Depth Indicator (worth $30)
• PZ Multi TDI Indicator (worth $30)
  

To claim these bonuses, simply send me a private message. I will provide the bonuses to actual buyers of the indicator. To ensure it is you, please leave a review for the product first, or alternatively, provide the mql5 operation number of your purchase. I'll get back to you with your bonuses as soon as possible.

The price of this indicator might increase next week!

We've introduced dynamic pricing for this indicator to reflect its true market value. With each sale, the price increases by $1, rewarding early buyers. If no sales occur within a week, the price resets to the original rate, with prices updated every Monday. This model lets the market decide the product's value, but there’s always a chance to grab your desired tools at a cheaper price if you prefer to wait.

Author

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