Perfect Score is an MT4 compatible expert advisor that claims to use a trading system that is fit for newbie and experienced traders. This ATS uses the London Stock Exchange trading time for its trade entries. The vendor promises that this FX robot does not use high-risk trade approaches. It is set up to protect you from high spreads and also allows automatic as well as fixed lot size options.
Sergei Riebin is the developer of this FX EA. He published it first in July 2020, and the trading system is in its version 5.58 now. Riebin has an overall MQL5 rating of 3.4/5 stars for his signals, market products, and Freelance orders. He has developed 13 products, 18 signals, and has 2349 subscribers. Shark EA, GoldenBot, are some of the other products he has created.
Perfect Score at a glance
Perfect Score Functionality
As per the developer, the features of this EA include stop-loss protection for every trade, compatibility with any broker, and good resistance to unexpected market news. The installation and use of the system are easy and the developer has stress-tested it using 99.9% tick data with variable speed. This FX robot does not use high-risk money management methods and the developer mentions that he does not use the grid in his signals but it is an optional feature. The default parameters are set to work on the EURUSD pair in the M5 timeframe.
Perfect Score Trading Strategy Tests
A short-term reversal pattern is used as the main trading approach as per the developer. Based on his approach, the EA capitalizes on the tendency of price to shift to the average value in the LSE session. There is no further explanation of the strategy which is disappointing. A backtesting result is posted on the site with a modeling quality of 99.9%.
As per the report shown above, an initial deposit of $300 has given a net profit of 9138280.82. The test done for 20 years on the EURUSD pair, shows a relative drawdown of 7.045, and the values of profit factor and maximal drawdown are not disclosed. For a total of 1655 trades, profitability of 100% is present. While the results look good, we know that the historical data-based results are not indicative of similar performance in the future.
What about Perfect Score Real Trading Results?
A verified trading result is found on the Myfxbook site for this EA. Here are screenshots of the results.
From the above images, we can see that the real USD account using ICE-FX broker and the leverage of 1:300 shows a total profit of 726.15% and an absolute profit of the same value. A drawdown of 31.77% is present for this account that started trading in March 2020 with a deposit of $350. Of the 120 trades executed a 97% probability is present with a profit factor of 2.05. From the trading history, we can see the lot sizes vary from 0.01 up to 0.37. The high drawdown and varying lot sizes indicate the money management and strategy used are not proper.
We found 96 reviews for this FX robot on the MQL5 site with an overall rating of 3.5/5. Here are a few of the testimonials.
From the above reviews, it is clear that the EA is not as effective as in the backtests. One user mentions the high drawdown and big losses. The responses from the users confirm our suspicion that this MT4 tool uses a high-risk approach.
Perfect ScorePerfect Score
Functionality3/5 NeutralFeatures, settings, and other aspects are explained by the developer in detail except for the strategy.
Trading strategy2/5 BadNo clear explanation of the trading approach is provided.
Live results3/5 NeutralHigh drawdown and varying lot sizes indicate a high-risk approach.
Customer support3/5 NeutralInsufficient options present for support.
User reviews1/5 AwfullyNegative user reviews indicated high drawdown and big losses for users.
- Automated trade settings
- Backtests and verified trading results
- The strategy is not explained clearly
- High drawdown and big lot size in real trading
- Expensive price