PZ Trade Pad Pro MT4

Enhance Your Forex Trading with PZ Trade Pad Pro

The PZ Trade Pad Pro is a visual trade panel designed to streamline forex trading activities on MetaTrader 4 (MT4). This trading software enables traders to place and manage trades effortlessly, minimizing human errors and boosting overall trading efficiency. Its user-friendly visual interface combined with a robust risk and position management system makes it an essential tool for traders seeking to enhance their trading activities.

One of the key features of PZ Trade Pad Pro is its ability to facilitate precise risk management, ensuring capital preservation remains a top priority. The software allows traders to trade directly from the chart, making the trading process hassle-free and efficient. Additionally, traders can let their profits run without constant monitoring, thanks to the automatic trailing stops for all open trades.

Automated Trading Features

Once a trade is executed, the PZ Trade Pad Pro performs several automated tasks to ensure optimal trade management. The software automatically places initial stop loss and take profit orders, reducing the risk of human error. It also offers an optional feature to lock trades into a free-ride mode as soon as possible, ensuring capital preservation. The stop loss is moved to breakeven for the first time, and the trailing stop is activated using the trader’s preferred method until the trade is stopped out.

For instance, the trailing stop mechanism is designed to trail the stop loss based on a percentage of the trade’s profits. If the trailing stop value is set at 25%, the stop loss will trail 25 pips when the trade gains 100 pips, and 250 pips when the trade gains 1,000 pips. This method ensures that profits can continue to grow while the trailing stop remains proportional to the trade’s profit.

Key Functionalities

The PZ Trade Pad Pro offers numerous functionalities that make it an indispensable tool for forex traders. Among its notable features are:

• Great terminal activity reporting
• A powerful yet straightforward trailing stop method
• A clean on-chart interface without input parameters

These features ensure that traders have access to comprehensive trade reports, a reliable trailing stop mechanism, and an intuitive interface that simplifies the trading process. The initial stop loss and take profit orders are placed as soon as a trade is executed, and the trailing stop feature kicks in after the breakeven point is reached.

Capital Preservation and Profit Maximization

A primary goal of the PZ Trade Pad Pro is capital preservation. By default, the software achieves this by closing 50% of the trade when the breakeven point, set at 5 pips by default, is reached. This ensures that if the trade is stopped out in the future, no capital is lost. The trailing stop then continues to operate, allowing profits to run as long as possible.

The trailing stop is expressed as a percentage of the profits of the trade being managed. This dynamic approach ensures that the trailing stop value increases proportionally with the trade’s profit, providing traders with a balance between securing gains and allowing profits to grow.

FAQ

What happens once a trade is taken?

The PZ Trade Pad Pro automatically places initial stop loss and take profit orders. It locks the trade into a free-ride mode as soon as possible, ensuring capital preservation. The trailing stop feature starts operating after the breakeven point is reached and continues to trail the stop loss until the trade is stopped out.

How does the trailing stop work?

The trailing stop is based on a percentage of the trade’s profits. For example, with a 25% trailing stop value, the trailing stop will be 25 pips when the trade is 100 pips in profit, and 250 pips when the trade is 1,000 pips in profit. This method ensures that the trailing stop remains proportional to the trade’s profit, allowing profits to run.

What are the key features of PZ Trade Pad Pro?

The PZ Trade Pad Pro offers features such as great terminal activity reporting, a powerful trailing stop method, and a clean on-chart interface with no input parameters. These features enhance the trading experience and ensure efficient trade management.

Traders can watch independent testing of the PZ Trade Pad Pro on the forexroboteasy.com website. Subscribing to updates on the testing results is also available. Share your experience of using this product to help others make informed decisions.

This review aims to provide an independent overview of the PZ Trade Pad Pro, highlighting its functionalities and benefits for forex traders.