MQL5 is a well-known platform where many useful EAs are released. Pinpoint was published here as well. The system is half a year old. We’ve got the 2.0 version updated a month ago.
MQL5 is a well-known platform where many useful EAs are released. Pinpoint was published here as well. The system is half a year old. We’ve got the 2.0 version updated a month ago.
The developer is from the United States. His products have a 4.6 from 5 rate. He has a 6937 rate among other developers.
The Pinpoint EA offer hasn’t changed for months. We can buy a real account lifetime copy for $397. There are several rental options presented. One month subscription costs $30, three months subsc – $90. There’s no refund policy to support the deal. We can download a demo copy to test the system on our broker’s data on the terminal.
Key Features
The presentation doesn’t look professional because it’s quite short as for a wells-designed advisor:
- The robot can execute deals on the terminal automatically.
- The developers mentioned that it was tested on the 17-year tick data.
- The backtest’s accuracy rate is 94%.
- The advisor can’t lose several deals in a row. Probably, it’s a marketing statement that is far from reality.
- The trading frequency is in the middle of the pack.
- We can get an average monthly profit of 2.5%.
- EUR/USD and GBP/USD are the only pairs to work with.
- The system works with SL and TP levels to prevent losing deals because of rough market moves.
- The system follows FIFO restrictions.
- The default settings are best for a GBP/USD symbol.
- We should use it on an ECN account to decrease latency and increase execution speed.
- We can set the leverage at 1:30 or more.
Pinpoint EA Trading Approach
The system works based on the Trend strategy. It makes profits trading oh the trend direction. The main time frame to trade is M15.
Backtesting Results
The presentation includes a screenshot that was taken from the backtest published on Myfxbook. It’s a EUR/USD report that was executed on the M15 time frame based on 17 years of the data provided by a broker. The modeling quality was 99.90%. The backtest was launched on May 08, 2003, and stopped on September 14, 2020. The absolute gain has become 1405.18%. An average monthly gain was 1.29%. The maximum drawdown was 52.89%. So, we have to expect high and unhealthy drawdowns on real trading.
Pinpoint EA Live Trading Results
Pinpoint EA was set to trade on a demo account on the Trader’s Way broker. It looks like the developer is afraid to trade using real money. The system executes orders automatically with 1:500 leverage on the MT4 platform. The robot has a verified track record and verified trading privileges. It was created on October 22, 2020, and “deposited” at $1000. Since then, the absolute gain has become 3.16%. An average monthly gain is 0.47%. The last time we visited it, there were negative numbers. The maximum drawdown is 24.40%. The account is tracked by forty-two investors.
The advisor closed 101 deals with 348.5 pips. An average win is 12.03 pips when an average loss is -161.18 pips. It’s such a risky decision to trade with that deep Stop Losses. The win rate is 94% for Longs and 95% for Shorts. An average trade length is one day. The Profit Factor is 1.08.
Most of the losses have happened on EURUSD.
The advisor works focusing on trading the opening Asian and the whole day during the European trading session.
The less traded days are Tuesday and Wednesday.
The system executes orders with insanely high risks to the balance. There’s a 54.59% chance of losing half of the account.
The advisor uses aggressive Martingale that increases Lot Size by fifteen times. It’s an absolutely absurd risk.
As we may notice, the robot works completely unpredictably.
What Are The Risks With Pinpoint EA?
The risks are truly high. The advisor trades with high risks setting the account in danger. At the same time, there’s an aggressive 15-time Martingale. Mixing these factors, we’d stay aside from it.
Worth Noting!
There are few comments about the product from those who truly tried it. We are pointing to the fact that the robot is too young to say something for sure about it.
What are the Pros & Cons of Investing in Pinpoint EA?
| Pros | Cons |
| Backtest report provided | No settings explanations provided |
| Verified trading results provided | No money-management advice given |
| No risk advice provided | |
| High-risk trading | |
| There’s aggressive Martingale | |
| No money-back-guarantee provided | |
| Lack of people feedback |
Final Word
Pinpoint EA is a dangerous trading solution that mixes a common trend strategy with insane Martingale and sky-high risk trading. The developer decided not to risk and set the advisor on the demo account. It’s not a good sign about the system’s stability and profitability. Lack of comments, high pricing, no refunds are the significant cons too.
