Perfect Score uses short-term reversal patterns that follow the trend of FX values directed towards their average values during a session. The robot enters or starts trading with the opening of the London Stock Exchange. It is compliant with the MT4 MT5 trading platforms and asks for a minimum deposit of 50 USD. The latest version, i.e., 5.58, is available on the MQL5 marketplace. This review will delve into depth about the pros and cons of this robot to help you with your decision-making.
The robot is sold in two forms: tri-monthly rentals and one-time sales. The one-time sales price asks for 1499 USD. The tri-monthly option allows users to rent it for 3 months for 399 USD.
Payments are accepted through Visa, MasterCard, PayPal, & Union Pay. The seller does not provide any information about whether the package involves a money-back guarantee. Although, users may opt to try a free demo version before making a complete purchase.
The Perfect Score developer is an individual named Sergei Riebin, who is supposedly based in Russia. Their profile section is scarce, with information about their whereabouts and credentials verifying their trade position. MQL5 website shows that they only have 1-year experience with 13 products in the markets attached with 10 signals. No email is provided, and customers can only contact them using the live chat feature.
The robot has the following key features:
- It is insensitive to spread or broker type.
- It is resistant to volatile markets.
- The setup is easy with a user-friendly interface.
- The EA is protected by stop-loss.
Perfect Score EA trading approach
The robot trades on EURUSD at the M5 chart and does not use grid and martingale strategies. As mentioned before, it starts its activity at the start of London sessions and uses short-term reversal patterns for trading.
From the history of the MQL5 records, we can observe a wide stop loss and small take profit for each trade. This is evident from the trades closing with big losses and small upside.
Backtesting results are available for the EURUSD (MT5 version) for the past 20 years. These results reveal that the relative drawdown was 7.04%. The initial deposit of 300 USD churned out a total net profit of 9138280.82 USD at the end of 1655 trades. The stats don’t reveal an exact value of the spread, which makes it hard to verify the seller’s claims about spread resistance. The results also don’t show the profit factor, which raises suspicions.
Perfect Score EA live trading results
Trading results are available for this EA on the MQL5 website, where the performance records have been shown since 2020. The system participated in 164 trades and made an average monthly growth of 0.14%, which is not that high. It had a maximum drawdown of 45%, which is considered way over the safety threshold per industry standards. This points towards a risky strategy used by the robot.
The gross profit stood at 7 066.83 USD for this period, while the gross loss was valued at -4871.00 USD. The profit factor was 1.45. The developer incurred 350 USD in initial deposits and 0 USD in withdrawals.
What are the risks with Perfect Score EA?
We can observe the following risks while trading with the robot:
- The live records show us the use of high stop loss and small take profit.
- Backtesting results don’t provide some core metrics like profit factor and spread.
- The developer is not clear on their whereabouts and experiences.
We could not find any reviews about this algorithm on Forex Peace Army or TrustPilot but stumbled across a string of angry customers who complained about dreadful live performance resulting in huge losses. Traders must be wary while using this robot.
What are the pros and cons of investing in Perfect Score EA?
|Insensitive to broker type||Lacks transparency from the developer|
|Priced unrealistically high|
|It uses a high stop loss|
Perfect Score Conclusion
Perfect Score is not very transparent on their strategy used. Also, their backtesting records are lacking in some important metrics, such as the detailed statement. The seller shows a high drawdown on their account, reflected in the negative customer feedback on MQL5, who lost their money. This all translates into poor performance by Perfect Score.