Point Zero Trading offers FX trading tools including expert advisors and FX indicators that work on the MT4 and the MT5 platforms. The company promises to enhance trading with its professional tools. With a slew of EAs and indicators based on diverse strategies, this company assures a safe and profitable execution of trades. All products of this company helmed by Arthur Lopez vary in pricing that ranges from $49 to $299. Each product purchase includes a license that allows the use of a single real and a single demo account. Software updates and technical support for a lifetime are provided with the products.
Point Zero Trading Strategy
The developer provides info on the strategy used for every product, in addition to, set up info and features. Verified trading results, backtest reports, and usage tips are provided for the EAs while the indicators are displayed with just screenshots of the trading and no verified results. There are 12 products in the EA category and 12 under indicators.
Point Zero Trading Features
As per the developer info, an experience of over a decade in coding trading instruments has ensured the creation of complex and profitable FX trading tools. The design of the products is such that the trades can be executed in a safe and predictable way. According to the developer, the products are unique in design and made with high flexibility to cater to varied trading and risk profiles. Some of the products are provided for free by the vendor.
Point Zero Trading Backtesting Results
Strategy tester reports are provided for the FX EAs. We found two backtests verified by the myfxbook site. Here is a screenshot of the strategy tester report done for the Day Trading EA.
From the above report, we can see the test done from January 2006 up to March 2014 on the H1 timeframe with the Control Points model reveals a total gain of 921.71%. A drawdown of 59.67% is present for the account with deposits of $10,000 and a balance of $102,171.07. The profit factor is 1.92 with a profitability of 77%. Lot sizes used for the trades range from 0.34 up to 0.37 which we feel is high for the account.
Point Zero Trading Live Trading Results
Trading results verified by the myfxbook site are present for some of the EAs of this company. Here is a screenshot of the trading stats of a real USD account of the Day Trading EA.
For the above automated account using the leverage of 1:20, the total profit is 598.32% and the absolute gain is 156.7%. The huge difference between the two values denotes that the account is not performing well. This is further confirmed by the high drawdown of 25.60%. Moreover, we can see many of the stats are hidden which raises a red flag. It is clear that the account stopped trading due to its poor performance.
Point Zero Trading Reputation
Arthur Lopez is the founder of this company. He is a software analyst, developer, and private investor. The myfxbook profile for the company mentions the location as Panama, while the official site provides a registration number with the location in Andorra. No phone contact is provided and an online contact form and email are the options present for customer support.
Reviews for this company are found on the Forexpeacearmy site. A total of 107 reviews are posted with a rating of 4.495/5. The recent feedback for this company are mixed with positive and negative responses. Here are a few of them.
From the negative response, it is obvious that the indicators are performing poorly and the customer support is bad.
Point Zero Trading Review Summary
Rating: 4.6/10
- Strategy – 5/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 5/10
Conclusion
Point Zero Trading claims to use uniquely coded EAs and indicators that offer flexibility and provide top quality. Our analysis however reveals that there is no truth in the claims as the company is not reliable. While the products are featured with a useful setup guide, info about the strategy, and technical details, when it comes to the results they fail to impress. The backtesting report indicates a high drawdown which is not acceptable. With real account trading, the hidden data and discrepancies in the stats indicate that the performance is poor and the strategy used is of a high-risk category. Since results are the key criterion for assessing a trading tool, the failure of the vendor to provide a proven track record reflects badly on the reputation of the company. In short, we do not recommend this service.
