Pinpoint EA

Pinpoint EA is a free to download automated scaling MT4 EA. In 17 years of testing on the GBPUSD and EURUSD, it has an overall success rate of 94% and has never lost more than two transactions in a row.

Every day, it completes 2–5 deals. It only initiates one trade at a time. All transactions are always protected by a stop loss, but it’s a significant one. It can trade using a fixed lot or an auto lot that automatically increases the amount of the transaction based on the set criteria.

At first appearance, Pinpoint EA appears secure, but when the stop loss is reached, it adjusts the lot size to offset losses. This wouldn’t be a big issue if the stop loss was minimal, but in the case of this EA, the default parameters have an extremely high TP-to-Sl ratio of about 1:18. Therefore, the next order’s lot size will be 18 times greater if the stop loss is hit. If two orders hit the stop loss simultaneously, this mounts up quickly. The following order will be 324 times larger than the first, the next 5832, and so on (there is a maximum lot restriction, but this is still risky).

Therefore, this strategy is essentially a martingale with a high multiplier. It has a 94% win rate, and in 17 years, it has never lost more than two transactions in a row, according to the developer. A lot multiplier wouldn’t be much of a problem if this were the case. In my opinion, I wouldn’t trust it. These settings can be changed, or Pinpoint EA can disable them, under the input parameters. I advise experimenting with these options to find a less dangerous approach. Starting point would be to disable the lot multiplier.

Blowing your account is inevitable after utilizing this tactic for a while. The probability theory, however, works in our favor when investments are periodically withdrawn. This risky tactic instantly achieves break-even and even turns a profit after the first investment is lost.

Recommendations

• A $1,000 minimum balance is required.
• It might function on a $100 account without the use of a lot multiplier.
• ideally on the EURUSD and GBPUSD. (Attain any pair.)
• are most effective on M1 timescales. (Assemble any TimeFrame)
• I advise experimenting with the input parameters to find a less dangerous approach. The lot multiplier could be disabled or reduced as a starting point.
• Fill out the “License Key” entry settings with something.
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
• low spread ECN account is also advised (Find the Perfect Broker For You Here).