Home Forex Service Review PZ Open Range Expert Advisor Review

PZ Open Range Expert Advisor Review

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PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been any subsequent updates since its initial upload.

Overview

PZ Open Range EA is an expert advisor that can be used with the MetaTrader 4 trading platform. Its main purpose is to implement Toby Crabel’s Opening Range Breakout Strategy. The EA will place a buy stop just above the open price, and a sell stop just below the open price. 

The key features as stated by the developer:

Easy to use and supervise

Fully configurable settings

Customizable break-even, SL, TP, and Trailing-Stop

Built-in money management

Works for ECN/Non-ECN brokers

Works for 2-3-4-5 digit symbols

Trading is FIFO (NFA) Compliant

There are also some added parameters that you can alter, these include stretch settings, position management, money management, and EA settings.

Service Cost

The expert advisor can be purchased for $30, this comes with up to 100 activations with no further limitations. There is not an option to rent the indicator so the only option is the one-off payment. There is a free demo version, the details are not known, we believe that it may only be used with the strategy tester rather than being a full demo of the expert advisor.

Conclusion

There is only one review that isn’t really a review, it’s more of a question, due to this there is not a rating given and so there is no user rating for the EA. There are a couple of comments, the developer has responded to them, but there are only 2, it does give an indication that they are still willing to support the software and those using it. As there are not many reviews or comments, we would suggest trying the free version and sending your queries to the developer, this way you can ensure that it will do what you need it to do and that it is still being supported by the developer.

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