Point Zero Trading is a website offering several Forex EAs and Indicators for the Metatrader 4 and 5 platforms. As per vendor claims, the EAs and indicators are built with great care to ensure safety and predictable execution. They are also extremely flexible, so you can modify the trading parameters to suit multiple risk and trading profiles.
Detailed Forex Robot Review
On Point Zero Trading’s official website, we have the complete list of Forex EAs and indicators, with detailed descriptions and trading results provided for each expert advisor. The vendor has also provided a list of common features, payment methods, and a bunch of customer reviews.
Point Zero Trading has been founded by Arthur Lopez, a software analyst and private investor who claims to possess more than 10 years of experience in developing trading systems. He also offers custom development services where you can have your trading strategy in exchange for a fee. From the official website, we can see that Point Zero Trading is registered in Hong Kong.
Mr. Lopez claims that all the Forex EAs and indicators offered by this company are coded from scratch without rehashing or using third-party code. Since they are extremely flexible, you can parameterize them to suit your trading style and risk profile. Updates are provided for all the products without any additional cost, and the support helpdesk can be reached 24/7 for any queries.
Point Zero Trading Strategy Tests
The strategies used by the Forex EAs sold by Point Zero Trading range from Latency Arbitrage, Hedging, Averaging, Day Trading, Stop Reverse, Triangular Arbitrage, Grid, etc. Explanations for all the strategies are provided by the vendor, along with backtesting data, live trading results, and videos showing how the strategies perform in live trading situations.
Here we can see the backtesting data for the day trading EA sold by Point Zero Trading. This backtest has been conducted on the EUR/USD pair starting from January 2010 to August 2015 with a modeling quality of 99%. The most precise method based on all available least timeframes has been used for this backtest.
A total of 2803 trades were placed in this test, out of which the day trading EA managed to win 2252, and this represents a win rate of 80.34%. Starting with an initial deposit of $1000, the day trading EA generated a total net profit of $1647321.63 during this backtest. It had 31 maximum consecutive wins, which is quite impressive, and only 5 consecutive losses.
Other parameters of note are the low relative drawdown of 12.14%, and the marginally high profit factor of 2.13. From the backtesting result, the day trading EA seems like a reliable system that closes most trades in profits.
Real Account Trading Results
Although live trading results have been provided by the vendor for the day trading EA, we can see that the account was last updated on December 17, 2016, which means that no trades have been placed since that time. While it was active from 2010 to 2016, the system placed 10,272 trades through this account, winning 46% among them, which is not a very impressive win rate.
Nevertheless, a time-weighted return of 598.32% was generated by the EA through this account, which tells us that although there were many losses, their severity was not that much, and so they were recovered quickly through subsequent winnings. The daily and monthly gains for this account are 0.05% and 2.6% respectively, while the drawdown is moderate at 25.60%.
Although the live trading results are satisfactory, since they are discontinued, we have no idea how the system would perform in the current market situation.
The most expensive Forex EA on Point Zero Trading is the Latency Arbitrage EA which is sold for $499. A $299, you can purchase the Hedging, Averaging, Day Trading, and Stop Reverse EAs. The prices are not exactly cheap by any standards, but the vendor provides a 7-day money-back guarantee for all the products offered through the website.
On the forexpeacearmy.com., we found several user reviews for Point Zero Trading. One user has mentioned that the company has refused to provide them with a refund. It is mentioned that the vendor asked them to switch to another product instead of staying true to his words.
Although Point Zero Trading is not a scam website, there are some areas where it fails to live up to the expectations. The live trading results, although profitable, have been discontinued since 2016, which is not a good sign.
Most Forex traders would look for recent trading performance before investing in a system, so this might act as a deterrent for them.