Big Poppa is a trading solution that has to help us with automatic trading on Forex. The design company is BenderFX. There are other products available as well “Benderv2, Benderv4, and Shizuka.” So, we are here to check whether the system is good to go or should be avoided.
Features
There are not so many feature explanations provided. It was a challenge for us to prepare a list of them to help you to make it clear.
- The system knows how to help us with automatic trading on our account.
- We can work with it on our demo account. This is quite safe.
- The devs claimed that there were 300 licenses sold.
- The release date is the beginning of 2021.
- The details behind the strategy are “Fibonacci retracements, Price Action with Money management.”
- It opens orders during the high-volatile period.
- The balance requirements are $500.
- The monthly profit can be 30-50%.
- We can work on M15 and H1 time frames.
- EA has over ten sets of numbers.
- It can be used well with the Shizuka robot.
- We can join their Telegram channel.
- “Big Poppa, combines the best of Benderv2 and Shizuka, fibo retracements, money management features, capital preservation and price action. We have put all together into this excellent EA and it’s proving to be more and more profitable.”
- We have many various useful features implemented: Trailing Stop, Hedging Limit number of trades and Equity Stop.
- “Price Action: We do not fully rely on the crossover, we also validate that this crossover has more than 75% of winning chances.”
- We can check the backtest report if we want.
- “Each of the set files from our products were obtained using genetic algorithm techniques, which optimized the parameters to maximize profit factors while keeping a low drawdown.”
How to start trading with Big Poppa EA
The whole offer was introduced as the single line “Price: $149 USD.” It sounds like a scam, right? Most likely, yes. We don’t know the details of the package.
Backtests
The presentation isn’t featured by backtest reports at all, but devs mentioned them. It’s a huge con because we have no idea of what was going on during the test period and what results the robot achieved.
Verified trading results of Big Poppa EA
The advisor worked on a demo account on the quite-known broker FXTM with 1:500 leverage on the most common MT4 platform. The account was created on July 26, 2021, and deposited at $1,000. Since then, the absolute gain amounted to -99.88%. The monthly profit was -92.13%. The maximum drawdown was 99.92%. We can talk freely about burning the account.
There were 180 deals with losing of 1498.9 pips traded. An average win was 18.55 pips when an average loss was -53.65 pips. The profit factor was low – 0.43.
EURJPY was the most traded pair, 104 orders. Most of the losses occurred on EURUSD, -$1160.22.
The advisor traded an European session ahead of others.
Monday with 25 orders was the less traded day.
The advisor lost many orders following the wrong strategy.
We may note that the system has lost two months in a row.
People feedback
We have no testimonials written from real clients about how good the robot is and what results it shows on their accounts.
Is Big Poppa EA a viable option?
Advantages
- Trading results provided
Disadvantages
- No team revealed
- No risk advice given
- No backtest reports provided
- Horrible trading results
- No people testimonials published
Summary
Big Poppa is a system that has zeroed a demo account several weeks ago. We have no idea if the robot was updated after this. So, now it’s insane to even think about purchasing it. We’d like you to stay aside from investing in it.
