Pinpoint EA is a fully automated scalping EA for MT4 that boasts a 94% win rate and has reportedly never lost more than two consecutive trades in 17 years of testing on GBPUSD and EURUSD. This EA executes around 2-5 trades daily and opens only one trade at a time, with each transaction protected by a stop loss. It allows for fixed lot trading or automatic lot adjustments based on specific criteria.
Key Features and Considerations
Risk Management: Over time, frequent use of this EA may eventually lead to account depletion if the lot multiplier is active. However, regularly withdrawing profits can turn the strategy into a break-even or even profitable approach after recovering the initial investment.
High Risk with Lot Size Increase: Pinpoint EA compensates for losses by adjusting lot size after a stop loss, applying a high TP-to-SL ratio of 1:18 in its default settings. This means that if one trade hits a stop loss, the following trade’s lot size is 18 times larger. If consecutive losses occur, the lot size can increase significantly, posing high risk. 
Martingale-Like Strategy: The lot-multiplying system resembles a martingale strategy with a substantial multiplier. While a high win rate might make this approach manageable, it can be risky if stop losses are triggered multiple times in a row. Users can modify or disable the lot multiplier in the input parameters, which may help to mitigate some of this risk.
Adjustable Settings: Pinpoint EA offers the option to change its settings to reduce risk, and disabling or lowering the lot multiplier is recommended for a more conservative approach.
Recommendations for Using Pinpoint EA
Account Balance: For safety, a minimum account balance of $1,000 is suggested. Disabling the lot multiplier may allow for lower balances, such as $100.
Currency Pairs: Performs best on EURUSD and GBPUSD but is adaptable to any pair.
Timeframes: M1 is recommended for optimal performance.
Risk Adjustment: Experiment with input parameters to find a safer setup. Consider disabling or reducing the lot multiplier.
License Key: Include any value in the “License Key” input field.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Low Spread Broker: Use an account with low spreads and commissions for optimal performance.
