Big Poppa EA trades on the hourly and 15-minute charts while retaining the drawdown value to a max of 25%. The algorithm uses price action techniques to trade the markets and promises to provide a 30% monthly return. To see if the said claims are valid, we will review the product in our article and cover all the pros and cons.
The highlights of Big Poppa EA
According to the provider, the EA has the following features that set it apart from other algorithms in the market.
The algorithm combines the methodology of two other EAs from the developer known as Bender V2 and Shizuka. Using this creates a blend of price action and money management techniques.
Drawdown and return
The overall risk-reward ratio of the drawdown and monthly return is at 1:2. The total risk is at 25% max with the potential to generate 50% in 20 trading days.
Trading strategy of Big Poppa EA
According to the developer, the robot trades using price action and Fibonacci retracements. It is a crossover that has more than 75% chances of winning. Traders can enable money management techniques, including hedging, number of trades, and equity stop. From the trading history on Myfxbook, we can see that the robot uses a big stop loss on trades with a small take profit. The lot sizes are hidden, so we cannot conclude if there is a martingale under use.
The developer does not share any backtesting records of the EA with us. We cannot know how the robot will perform in the future without any historical records at our disposal.
Trading results in real time
Verified trading records are available on Myfxbook. From July 26, 2021, till the current date, the system made an average monthly gain of -92.13%, with a 99.92% drawdown. These are terrible records that show that the algorithm causes a margin call on the account, which is the complete loss of funds.
The winning rate stood at 63%, with a profit factor of 0.43. The best trade was $95.54, while the worst was -$328.54 in a total of 180 trades. The developer made $1000 in deposits on a demo account. This is not a good approach as virtual portfolios do not respect real market conditions, including liquidity and slippage.
Big Poppa EA price
The company sells the algorithm for $149 for unlimited real accounts. There is no money-back guarantee. Traders can pay them via cryptocurrency, Paypal and Skrill.
The company is not clear about how they provide support to their customers. They provide a link to their Telegram id for purchase purposes.
Are traders happy with Big Poppa EA?
The company has no customer reviews on noted platforms such as Forex Peace Army. The company claims to have sold licenses to more than 300 investors, and, strangely, none of them have left a comment. We cannot know how other traders feel about their products without any feedback.
Big Poppa EABig Poppa EA
Trading Strategy2/5 Bad
Live Results3/5 Neutral
Customer Support3/5 Neutral
User Reviews2/5 Bad
- Live records are available
- Little information on the strategy
- No transparency of developer
- No customer reviews