Big Poppa EA is a Forex automated trading system that promises an average monthly return of 30-50% and a maximum drawdown of 15-25%. Most EAs are not able to generate such high monthly returns without increasing the drawdown, so we have doubts about this claim. The EA was launched in 2021 and according to the vendor, more than 300 copies have already been sold.
You can purchase Big Poppa EA at an affordable price and check the live performance in a verified Myfxbook account. That being said, the live performance of this system is quite disappointing. Also, the vendor does not offer a money-back guarantee. Considering these two factors, we can say that this is a risky investment.
What is Big Poppa EA?
This EA is a combination of Shizuka and BenderV2 EAs developed by the same company. It has money management functionality, which is pretty common in Forex robots. You can use it to trade in two currency pairs, namely EUR/JPY and EUR/USD. The vendor recommends using this robot with H1 and M15 charts. In the beginning, you should invest at least $500. For the live account, the EA trades with 1:500 leverage.
Official Big Poppa EA website
The presentation on the official website is a bit too brief. While the vendor has shared some details on the trading strategy, they haven’t explained the features properly. Also, we don’t have the backtesting results.
The company behind this EA is known as BenderFX. We don’t know where this company is based or when it was founded. The vendor has not shared the identities of the development team members and there is no official contact information. Considering the unprofessional presentation and the stark lack of vendor transparency, we don’t think we can expect too much from this EA.
How can we use Big Poppa EA?
Big Poppa EA uses money management features like equity stop, hedging, and trailing stop. The developers obtained the set files using genetic algorithm techniques, optimizing the parameters to generate the maximum amount of profit while controlling the drawdown. Clearly, they have not been successful in doing so, since the EA has not performed well in real-time.
Pricing & refund
Big Poppa EA carries a price tag of $149. By purchasing this plan, you get access to a single lifetime license, the ability to create unlimited accounts, a user guide, and more than 10 set files. Unfortunately, the vendor does not offer a money-back guarantee.
Big Poppa EA uses a combination of Fibonacci retracements and price action. It captures the retracements and analyzes their extensibility by combining probabilistic zones and Fibonacci Golden zones. For price action, the EA does not entirely depend on crossover. It also validates whether the winning probability for the crossover exceeds 75%.
Since July 26, 2021, the EA has only placed 180 trades through this account. In spite of having a win rate of 63%, it has suffered some heavy losses, as a result of which its total profit currently stands at -$996.10. This essentially means the EA has lost more than it has won. The average daily and monthly gains for this account are -5.035 and -92.13%, respectively, while the drawdown is extremely high at 99.92%. It is clear that trading with this EA can lead to disastrous consequences.
As you can see from recent trading history, the EA has suffered consecutive losses. In one of these trades, it lost 32.6 pips which represent 57.50% of the account. There is no way you should use such a risky EA for live trading.
What customers say
Right now, there are no user reviews for Big Poppa EA on trusted review websites. It is hardly surprising that not many people wish to invest in a system that fails to generate profits in the live market.
Summary: is Big Poppa EA a trustworthy EA?Big Poppa EA
Trading Results1/5 Awfully
- Verified trading statistics
- Available at an affordable price
- Lack of vendor transparency
- Heavy losses suffered during live trading
- No money-back guarantee