Description
The PZ Pivot Points EA by PZ Trading SLU is a robust and flexible trading robot that automates market entries based on Classic Pivot Points—a time-tested technical concept used by professional traders worldwide. These pivot levels, calculated from the previous day’s price data, represent key support and resistance areas where price is likely to react, reverse, or break out.
Unlike many expert advisors that rely on constant monitoring of price or indicators, this EA uses pending orders, meaning it places trades only when price reaches significant pivot levels, reducing unnecessary exposure and slippage. The EA gives you the ability to define how it should trade at those levels through four distinct trading behaviors:
- The Regular mode follows conventional pivot logic, buying at resistance and selling at support to capture price reversals.
- The Inverse mode flips this logic to trade breakouts instead of reversals.
- The Only Buy and Only Sell modes limit all trades to one direction, which is useful in strong trends or to align with your market bias.
You also have the ability to filter trades by forex sessions—Asian, European, and American—allowing you to avoid low-liquidity or high-volatility periods depending on your strategy. Combined with a wide array of position management tools—like stop-loss, take-profit, break-even levels, and trailing-stops—this EA gives you full control over each trade it places.
One of its standout features is the built-in money management system. You can choose between trading fixed lot sizes, risk-based auto lots, or dynamic lot adjustments using Martingale (after losing trades) or Inverse Martingale (after winning trades). While these techniques can be powerful, they should be used cautiously and with adequate account size.
Designed for all account types, the EA works seamlessly with ECN and Non-ECN brokers, supports 2, 3, 4, and 5-digit symbols, and can be configured to be NFA/FIFO-compliant for US-based accounts.
Input Parameters
- Pivot Timeframe – Timeframe used for calculating pivot points (e.g., Daily, Weekly)
- Trading Behavior – Select from Regular, Inverse, Only Buy, or Only Sell behavior
- Enable Asian Session – Allow or block trading during the Asian forex session
- Enable European Session – Allow or block trading during the European session
- Enable American Session – Allow or block trading during the American session
- Trade Direction – Choose to trade only long, only short, or both directions
- Stop Loss (pips) – Set the stop-loss distance in pips
- Take Profit (pips) – Set the take-profit distance in pips
- Break-Even (pips) – Set the pip gain at which the SL moves to entry level
- Trailing Stop (%) – Enable a trailing stop based on a percentage of profit
- Trailing Step (pips) – Minimum price movement to update trailing SL
- Manual Lot Size – Fixed lot size per trade (used if auto-lot is off)
- Risk per Trade (%) – Percentage of account balance to risk per trade
- Enable Martingale – Double lot size after a losing trade (true/false)
- Enable Inverse Martingale – Double lot size after a winning trade (true/false)
- Magic Number – Unique identifier for this EA’s trades
- Custom Comment – Optional trade comment for order tracking
- Manual Pip Value – Override pip value if your broker requires it (advanced users)
What To Expect
This EA is a strategic automation tool that depends on how you configure it. It does not guarantee profits and must be optimized for each symbol and timeframe using the Strategy Tester. Performance is closely tied to your chosen behavior, session filters, risk management, and market conditions. It's ideal for traders who want low-frequency but high-logic trades at defined price levels.
