Perfect Score MT5 EA - Precision Tool for London Session Trading

Published: 26.11.2024

Reading time: 28 minutes

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Perfect Score EA is a fully automated trading robot for MT4 and MT5 that capitalizes on short-term reversal patterns during the opening hours of the London Stock Exchange (LSE). This strategic timing is crucial, as the LSE open often brings heightened liquidity and volatility to the forex market. The EA leverages these conditions to identify and exploit price reversals with precision, offering traders a systematic approach to profit generation. The EA has long been missing from sales on the Market, but many people still believe that it is capable of making profits, so I could not avoid it either.

Сharacteristics of the Perfect Score EA

Platform: Metatrader5
EA version: 4.78
Currency pairs: EURUSD
Trading Time: London session
Timeframe: M5
Minimum deposit: $1000 (or 1000 USD cents)
Execution Environment: Operate on a reliable VPS to ensure uninterrupted performance
Recommended broker: Roboforex, XM, Tickmill RAW account. Best results with ECN brokers offering tight spreads and minimal slippage or RAW account

How does it work?

Core Strategy and Unique Features

Rather than relying on traditional indicators or complex algorithms, the Perfect Score EA employs a behavior-driven approach, targeting price tendencies to revert to their average values during the LSE session. This methodology allows the EA to identify high-probability trades effectively.

Key Features:

Safety First: Every trade comes with a stop-loss to cap potential losses and manage risks effectively.
Universal Compatibility: The EA works seamlessly across brokers, ensuring flexibility regardless of your trading setup.
Risk-Averse Operations: No reliance on risky strategies like Martingale or Grid (unless explicitly enabled), ensuring a balanced risk profile.
Market-Resilience: Engineered to handle unexpected market movements while maintaining performance consistency.
Ease of Use: A straightforward setup process makes this EA suitable for both beginners and experienced traders.

Performance Highlights

While Perfect Score EA is designed for reliability, achieving optimal performance requires precise GMT parameter configuration. Proper alignment with your broker's GMT offset is vital for accurate trade execution. Testing on a demo account is highly recommended before transitioning to live trading.

Backtests

The recommended currency pairs for this robot are EURUSD and GBPUSD, which I have been testing since 2010. The best results the Expert Advisor showed with an automatic lot with a risk of 5% per trade + grid orders:

2010-2024 EURUSD AutoLot + Grid

Despite the fact that this combination of settings is the most risky and not desirable, but this is how the Expert Advisor makes the most profit with an acceptable drawdown of 20%.

Also in isolation, the automatic lot with a risk of 5% per trade is not able to bring profit:

2010-2024 EURUSD AutoLot

The default settings do not make trading this Expert Advisor profitable in any way:

2010-2024 EURUSD FixLot

On GBPUSD I was not able to achieve a stable test, so I would not recommend using this pair.

It may be possible to optimise the EA settings to achieve better results, but I have limited myself to the Grid and Auto Lot. If you are interested, you can dive deeper into it and optimise the EA settings.

Live trading on a real account on MyFXBook:

Perfect Score EA | Real

The chart resembles a saw with big teeth, this is how the trading charts of Expert Advisors with Stop Loss exceeding Take Profit many times look like.

Input Parameters of the Perfect Score MT5 EA

View settings

Perfect-Score-EA-Input-Parameters

Risk Management & Lot Sizing:

Fixed Order Size: Set a static lot size for manual control
AutoLot: Dynamically adjust lot size based on account balance and specified risk percentage
Max Risk Per Trade: Define risk per trade as a percentage of the account balance

Timing & Trade Controls:

Trade Schedule: Enable/disable trading by day (e.g., avoid Fridays if desired)
Trading Window: Set precise trade entry times aligned to GMT+2 (default setting for most brokers)
Friday Exit: Option to close all positions before the weekend

Advanced Features:

Trailing Stop: Dynamically protect profits as trades move favorably
Maximum Holding Time: Automatically close trades that exceed a defined duration
Magic Number: Ensure trade distinction across multiple EAs on the same account
Grid Strategy: Optional feature for advanced traders; disabled by default for risk control

Conclusion

Perfect Score EA with its strategy of ‘sitting out’ trades, which is inevitable with such a huge Stop Loss (Stop Loss = 10*Take Profit) can be profitable in certain conditions. But if it only encounters a protracted counter-trend on its way, the huge Stop Loss will bring a considerable loss, which will take a long time to recover - this is clearly visible on the chart of the real account of this Expert Advisor on MyFXBook, which looks like a saw with big teeth. Would I use such an Expert Advisor in trading? Probably not. But the choice is always yours. However, in any case, do not neglect elementary safety measures: