PZ Trade Manager Pro can be found within the MQL5 marketplace, it was created by Arturo Lopez Perez and was first uploaded on the 11th of December 2013, it was last updated on the 13th of September 2017 and is currently at version 8.0.
Overview
PZ Trade Manager Pro is an expert advisor that can be sued with the MetaTrader 4 platform, it is a visual trading panel that can help you to place and manage your trades. It combines an easy to use user interface with a number of risk and position management tools.
Some of the main features of the EA as stated by the developer:
- Amazingly easy to use
- Trade easily from the chart
- Trade with precise risk management, hassle-free
- Capital preservation is a 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
There are also additional features such as trailing stops to help you maintain profits and to allow you to use better risk management with the EA.
Service Cost
PZ Trade Manager Pro will currently cost you $99 to purchase, this will get you up to 100 activations. Unlike many EAs on the MQL5 site, there is no option to rent this one so purchasing it is the only option available.
There is a free demo version available, but it does not have any of its details stated on the site, this leads us to believe that it can only be used with the strategy tester within the MT4 platform.
Conclusion
Unfortunately, there aren’t any user reviews or ratings for the EA, this means that we cannot tell how people are finding it or whether it is actually doing what it is meant to be doing. There are some comments, the developer was replying to them but there have not been any since 2017, due to this, we would strongly recommend that you get in contact with the developer with any questions, this is so you can ensure that the EA is still being supported and that you will be able to get some help should you need it.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/1399
One reply on “PZ Trade Manager Pro EA Review”
I have it. It works. It performs position management for you. I think every novice should have this ea. I actually learned how to manage trades from this ea.