BigPoppa is an advisor that was designed by the BenderFX company. There are other products like “Benderv2, Benderv4, and Shizuka.” They didn’t provide us with the main claim of how everything will be if we buy one of the systems.
BigPoppa trading strategy
- The advisor works with a combo of Price Action and Fibonacci strategies.
- We can work with any pair.
- The time frames are H1 and M15.
- It works during low volatility periods.
BigPoppa features
Let’s talk about features, settings, and other information that could help us to understand if the advisor fits our expectations.
- The robot was designed to help us with automatic trading on our demo or real account.
- There were over 300 licenses sold.
- The release date was 2021.
- The strategy is based on “Fibonacci retracements, Price Action with Money management.”
- The minimum balance is $500.
- We can expect from 30% to 50% of the monthly profit.
- The advisor can be bought for $149 for a single real account license.
- We are allowed to contact a developer through Telegram.
- “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.”
- There are Trailing Stop, Hedging Limit number of trades and Equity Stop features.
- “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 rely on backtest before starting trading.
- “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.”
BigPoppa backtesting results
The presentation isn’t featured by relevant backtest reports. It’s a huge one because we don’t know if the system belongs to them and if it received proper testing on the real tick data from any broker.
BigPoppa Trading Results
The devs removed all signs of trading results from their site but we could find them on Myfxbook directly. The robot ran a demo USD account on FXTM automatically. The leverage was 1:500. A trading account was created on July 28, 2021, and deposited at $1,000. Since then, the absolute gain has become -99.88%. So, let’s see what has led to this account ruin.
The robot closed 180 orders and lost 1498 pips. An average win was 18.55 pips when an average loss was -53.65 pips. The win rate for longs was 60% and 64% for shorts. An average trade length was two days. The profit factor was less than 1 – 0.43.
We may note that the robot has lost EURJPY and EURUSD in pips.
The advisor traded with Martingale unsuccessfully.
The last two months were lost.
BigPoppa reputation
It’s impossible to tell something about reputation after the poor trading activity of the robot and ruined trading account. The system blew the account and devs just removed a link on it from the site. So, it’s a fraud scheme to involve us in high risks. We cannot trust the devs.
BigPoppa review summary
- Strategy – 2/10
- Functionality & Features – 2/10
- Trading Results – 2/10
- Reliability – 2/10
- Pricing – 3/10
BigPoppa is a scam trading solution that works with Martingale based on the Price Action strategy. The system has already blown an account. Alas, the devs tried to hide this. So, no trust to them anymore. We can’t even talk seriously about using this system on our accounts.
