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Pinpoint EA Free Download

Pinpoint EA Free Download

Introduction to Pinpoint EA

Pinpoint EA, a sophisticated Scalping MT4 Expert Advisor, is now available for free download. It boasts an impressive 94% win rate and has demonstrated remarkable stability by never losing more than two consecutive trades in 17 years of rigorous testing on major currency pairs like GBPUSD and EURUSD.

Key Features and Trading Strategy

Pinpoint EA conducts 2-5 trades daily without opening multiple trades simultaneously. Each transaction is safeguarded by a Stop Loss, which, although substantial, is integral to its strategy. The EA offers flexibility in trading volumes, allowing users to choose between fixed lot sizes or auto-adjusted lots that increase transaction sizes based on predefined criteria.

The Double-Edged Sword of High TP-to-SL Ratios

At first glance, Pinpoint EA seems a secure trading choice. However, its default settings feature a high Take Profit (TP) to Stop Loss (SL) ratio of approximately 1:18. This means that if the Stop Loss is triggered, the subsequent order’s lot size could be 18 times larger, escalating rapidly if losses continue. This approach resembles a martingale strategy with a high multiplier, which can be risky despite the EA’s high win rate.

Customization and Risk Management

The EA provides options to modify these risky settings. Adjusting the lot multiplier or disabling it altogether can significantly reduce risk, making the tool more appealing for conservative traders. Exploring the input parameters to find a balance that suits your risk tolerance is advisable.

Best Practices and Recommendations

To effectively use Pinpoint EA, a minimum account balance of $1,000 is recommended. For those opting to disable the lot multiplier, the EA could be operated with as little as $100. It performs optimally on EURUSD and GBPUSD pairs, particularly on the M1 timeframe, though it is versatile enough to function on any pair and timeframe. Additionally, filling in the “License Key” field in the input parameters is essential.

Conclusion:

While Pinpoint EA offers a high win rate and the potential for significant profits, the inherent risks associated with its high TP-to-SL ratio and lot multiplier strategy cannot be overlooked. By regularly withdrawing profits and adjusting settings to minimize risks, traders can potentially enjoy a profitable trading experience. Experiment with the settings, start with a conservative approach, and incrementally adjust your strategy based on performance and risk appetite.

This Forex robot performs well only with the following Low Spread Forex broker, which is not restricted in your country. (open Ultra Low Standard account) and test it.

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