PZ Divergence is a Forex-related trading solution that suggests we open orders manually. Many people have given it a demo try. We have to note that it was updated quite often.
We can purchase the robot for $299. It’s a high price for an indicator. We have three rental options. A one-month rent costs $49, three-month rent costs $99, and six-month costs $199. There’s a possibility to download a demo copy of an indicator. The site doesn’t support a refund policy.
PZ Divergence trading strategy
- The indicator uses a price action strategy to spot trades.
- We can work with all currency pairs and time frames.
PZ Divergence features
We have not so much intel about the system and how it works.
- The system informs us when we have to open an order on a buy or a sell direction.
- We can use it on the MT5 terminal.
- The system “finds and scans for regular and hidden divergences automatically using your favorite oscillator.”
- There’s a user guide to work with.
- We can easily work with it. No extra effort is needed.
- We are able to work with many oscillators.
- The indicator looks for breakout news.
- The SL and TP levels are provided as well.
- We can use configuration oscillator parameters.
- We can find trading statistics.
- The system includes inbuilt notifications.
- We can set the indicator on the one chart to work with all of them at once.
- It works with inbuilt indicators RSI, CCI, MACD, OSMA, Stochastic, Momentum, Awesome Oscillator, Accelerator Oscillator, Williams Percent Range, Relative Vigor Index, Rate of Change.
- “Since divergences can expand quite a bit, especially in the Forex market, this indicator implements a twist: it waits for a donchian breakout to confirm the divergence before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal.”
- It works with divergence oscillators.
- We may note three possible SL and eight TP levels.
PZ Divergence Backtesting Results
The presentation doesn’t include a backtest report. It’s a significant con because we don’t know what results the system could achieve. We are not allowed to know if the system handled well past data.
PZ Divergence live trading results
The indicator runs the account on the World Forex broker. The leverage is 1:500. It’s rare to see this broker. The account has a verified track record. So, the data should be relevant. It was created on June 27, 2021, and deposited at $255.35. Since then, the absolute gain has amounted to 52.46%. An average monthly gain is 26.72%. The maximum drawdown is 24.78%.
The software executed 36 deals only with 536.9 pips. An average win is 37.23 pips when an average loss is -29.71 pips. The win rate is 60% for longs and 100% for shorts. An average trade length is 24 hours. The profit factor is 2.31.
The system was set to trade with EURUSD, GBPUSD, and USDJPY cross pairs. USDJPY looks better than other pairs with 13 orders and $29.36.
It opens orders within several hours daily.
Most of the losses occurred on Tuesday. There were 12 orders only traded.
The risks are medium. It has to lose ten orders in a row to lose ten percent of the account.
The robot uses hedge orders to make more profits.
We are allowed to see what orders are sitting in drawdowns right now.
The monthly trading results don’t look convincing, especially in August 2021.
PZ Divergence reputation
The only comment informs us that the product is excellent, but this doesn’t look trustworthy.
PZ Divergence review summary
- Strategy – score (5/10)
- Functionality & Features – score (3/10)
- Trading Results – score (4/10)
- Reliability – score (4/10)
- Pricing – score (2/10)
PZ Divergence is an indicator that runs all charts for us on all time frames to spot trading opportunities. All we have to do is just to open an order after receiving a signal from the indicator. So, it’s a semi-automatic trading solution. The offer looks twice or even three times overpriced.
