Pinpoint EA Review

Pinpoint EA is a Forex-related trading solution that was published on October 29, 2020, on the MQL5 community. The robot has been demo downloaded over 1500 times since the beginning. The last update of it was far ago, in 2020.

Pinpoint EA at a glance

We have gathered the most important information in the table:

Pinpoint EA functionality

The robot has the next settings, details, and explanations that we’d like to share with you:

• The system knows how to execute orders automatically for us. 
• The robot was tested on the 17 years of the broker tick data. 
• The win rate can be as high as 94%. 
• The high accurate rate can prevent consistent losses. 
• It trades with medium trading frequency. 
• The advisor places Stop Loss and Take Profit levels to prevent losses and protect the account. 
• It follows FIFO rules.
• The default settings fit the best GBP/USD.
• An ECN account is a good option for this advisor.
• The leverage can be 1:30 or higher.

The developer has decreased pricing from $397 to $297. The pack includes a real account to work with. We can subscribe for $30 monthly and for $90 for three months. We have no refunds. We can download the system for demo usage to check it on the terminal.

Pinpoint EA trading strategy tests

There are some screenshots of the backtests provided. It’s a EURUSD test on the M15 time frame. The modeling quality was 99.90%. The backtest was started on May 08, 2003, and ended on September 14, 2020. The system has provided 1405.18% of the absolute gain. An average monthly gain was 1.29%. The maximum drawdown was insanely high as for a backtest – 52.89%. 

What about Pinpoint EA live trading results

Pinpoint EA works on a demo USD account on the Trader’s Way broker. It’s not the best broker. A few people use it. The robot trades automatically with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record badge. It was created on October 22, 2020, and deposited at $1000. Since then, the absolute gain has become 16.75%. An average monthly gain is 1.58%. The maximum drawdown was 24.40%. The chart shows that the system works unpredictably. 

The aviator has executed 124 orders with 286.9 pips. An average win is 12.77 pips when an average loss is -172.50 pips. It looks insanely risky. The accuracy rate is 94% for longs and shorts directions. An average trade length is one day. The profit factor is 1.30. It’s not a big number for a professional trading advisor.

GBP/USD is a profitable symbol with 66 orders and $241.54

The robot works mostly during the European trading hours.

The system executes orders during a week equally. 

It works with insane and absolutely unhealthy risks. 

The system hides SL levels from a broker not to be hunted. 

The robot provides little profits, experiencing huge losses from time to time.

We would like to note

There are several positive and one negative comments. Probably he was angry because the dev didn’t respond during a period of losses.