Perfect Score is an EA that’s listed on the MQL5 store.
It was designed by Sergei Rieben and published on July 2, 2020. The last update was to the 4.78 version on September 14, 2020. The EA was demo-downloaded 8014 times.
Table of Contents
Is Perfect Score a good system to rely on?
Let’s figure out what features it has and what’s behind the system.
- The robot trades the opening of the London Stock Exchange.
- The EA focuses on trading reversal patterns when the Forex precis goes toward their average value.
- It works on the M5 time frame.
- The single currency pair to work with is EUR/USD.
- The money-management system sets Stop Losses that are ten times higher than Take Profits.
- We can pick any broker we want.
- The robot should work well in the mid and high spreads environments.
- The grid is available but turned off by default.
- It has “Good resistance to unexpected market events.” We don’t know what this means.
The developers shared all EA settings, as it’s required by the MQL5 community.
How to start trading with Perfect Score
The robot sells in two packages. The first one is a three-month rent that costs $399. The primary one costs $1500.
- We have to register an account with any broker we want.
- The minimum deposit requirements are $50 for a 0.01 Lot Size.
- We have to buy the EA.
- We have to attach it to the proper chart and set the M5 time frame.
Perfect Score backtests
The developer provided a 20-year backtest report. It was performed on the EUR/USD symbol and on the M5 time frame. The modeling quality was the highest (99.90%). An initial deposit of $300 became $9,1M of the total net profit. It traded 1655 deals with 7.04% of the relative drawdown. All trades were profitable, so there was no Profit Factor.
Trading results
We’ve got a real USD account on ICE-FX. The EA trades automatically with 1:300 leverage. The account has a verified track record. It was created on March 05, 2020, and funded at only $350. Since then, the absolute gain has become +831.61%. An average monthly gain is +29.39%. The maximum drawdown was 31.77%.
There were closed 75 deals with 1523 pips. The win-rate is 100%, so no Profit Factor here is as well. An average trade length is one day.
The robot opened more deals (45) and got more profits ($1760.77), having traded the BUY direction than the LONG one (30/$1149.88).
It opens deals only at the opening of the London session.
The robot trades all days almost equally, because the opening is at 10 a.m., so there are low spreads, no swaps, and the EA gets proper calculation based on the upcoming data.
There are no risks in the common meaning, but it looks like the EA trade with 10% risks or higher to the account balance.
As we can see, TP is ten times less than SL levels.
With medium risks, the EA provides less than 10% of the monthly gain.
Signal Providing Accounts
Sergei runs twelve signal accounts connected to MQL5. Perfect Score is the most popular among other accounts of him. It’s followed by 287 traders who pay him $11480 monthly.
The previous Perfect Score account experienced big losses and just recovered.
People feedback
There is some positive feedback from happy customers.
As we can see, not everyone is happy. People experience losses, but the dev’s account doesn’t.
The same issue we’ve got here. People and the developer use the EA: clients had losses, the dev’s account doesn’t.
There are some issues with the EA functionality after which people got losses.
People noticed that trading activity varies between their accounts and signal one.
People had problems because the auto GMT offset feature doesn’t work properly, and EA opens deals an hour before market opening.
Wrapping up
Advantages
- Real account trading results
Disadvantages
- Little strategy explanations provided
- It works with only one symbol
- Huge SL levels
- Fake trading results that don’t match with people results
- Auto GMT Offset settings don’t work properly
Summary
Perfect Score costs a bunch of money, but many comments proved that the EA had experienced many losses. There are sometimes two in a row. With SLs that are ten times more than TPs, it’ll take months to recover. At the same time, the developer doesn’t have losses using the same EA. Sometimes he even doesn’t have the deals that his robot opens on people’s accounts. The developer answered nothing on posts where traders experienced these losses. It looks like a fraud service.
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