BigPoppa is an expert advisor that was designed by Bender FX. The presentation looks average but it doesn’t include trading results. We had to find them. The devs claim: “This is the official site for our known products: Benderv2, Benderv4, Shizuka, and BigPoppa.”
BigPoppa company profile
Alas, the developers don’t have a legal company created to provide service. There is no info about the company, its team members or their whereabouts.
The highlights of BigPoppa
The presentation includes various details about the system and how it performs.
- The system works automatically on a terminal closing and opening orders for us.
- We have to give the robot a try on a demo account.
- There are over 300 copies of the robot sold.
- The advisor was released in 2021.
- It trades, using “Fibonacci retracements, Price Action with Money management.”
- The volatile market is the better option for the system.
- We have to run a balance of $500.
- The monthly profit can be 30-50%.
- The time frames are M15 and H1.
- We have ten sets of numbers.
- We can work with the Shizuka robot on the same account.
- There’s a Telegram channel link.
- “BigPoppa, 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.”
- It uses various features that can help us on the market: 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.”
- There should be backtest reports provided.
- “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.”
Trading results with BigPoppa
The developers decided not to share with us backtest reports. We don’t know why they mentioned them. So, every robot has to be tested properly before setting it on the market. We don’t know why they avoid sharing results of how the system worked.
The developers removed this account from their presentation if it can be found on Myfxbook. It was a demo profile on FXTM. The leverage was 1:500. The platform was MT4. It had a verified track record. 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%. N
BigPoppa executed 180 orders with -1498.9 pips lost. An average win was 18.55 pips when an average loss was three times deeper, -53.65 pips. The win rate for longs was 60% and 64% for shorts. The average trade length was two days. The profit factor was 0.43.
There were EURJPY and EURUSD traded. The system didn’t work predictably.
We may note that the European trading session was the core one to trade.
Friday was the most traded day with 44 deals.
The huge losses occurred in October 2021.
We note that the robot lost three months in a row.
The current offer is updated. BigPoppa is available for $149 for one real account license. There are ten set files applied. We can pay for this robot by PayPal, Skrill, and Crypto. Those ways don’t support refund policies.
The developers provide common assistance where we should wait for 5-6 hours to get our questions answered. So, it’s a bit longer than the common queue of 3-4 hours.
The developers had many opportunities to update the robot and set it to trade once again. We don’t know why they don’t do this.
Is BigPoppa a reliable system?
We don’t think. The devs have to change our opinion by providing actual trading results.