Big Expert was released on March 6, 2021, on the MQL5 market. The robot was activated 15 times and was demo downloaded 2219 times. The last update was on May 1, 2021. The developer of the robot is Renate Gerlinde.
We have noticed that after updating the presentation about half a month ago there were more activations occurred:
- Big Expert EA can work on the MT4 or MT5 terminal without a need of human intervention.
- The robot trades EUR/USD currency pairs.
- There are no risky strategies like Cost Averaging, Grid, Martingale, Hedge, or High-Risk trading presented.
- The system covers all deals with SL and TP levels.
- The robot was backtested on the real tick data for eleven years.
- We can work on many time frames: M15, M30, H1, H4, and D1.
- We should have the account to be $200 or more.
- The system can be used on any broker we want.
- The risks can be set at 1.5% to the balance or higher.
- We can manage risks manually.
- It covers all deals with SL and TP levels.
- As well, they’re marked by the unique magic number among other orders.
- The News Filters can help us to avoid trading during some hours.
- There are dozens of different personal indicators.
- The robot executes various complex mathematical calculations to examine the Forex network.
- The system was tested on over twenty various brokers.
- We have no information about which ones.
- It executes orders, following FIFO rules in trading.
- We can trade with leverage from 1:40.
- The developer provides a screenshot of settings right from the set robot.
The system went cheaper. The previous price was $345. The current is $245 for a lifetime copy. We can rent Big Expert for $95 monthly. There’s a free demo version provided to check the settings on the terminal and execute some backtests to be sure what to expect from it on a live account.
- The developer didn’t disclose info about what strategy the system uses.
- It works with EUR/USD only.
- It trades on M15, M30, H1, H4, and D1 time frames.
There are five backtest reports on the various time frames provided. It’s a report on the D1 time frame. The historical quality was 96%. The total net profit has become $4,004.59. The maximal drawdown was 19.48% ($1,242.08). The profit factor was 1.50, when the Recovery Factor was 2.90. The system has closed 144 trades with a 60.29% win rate for Shorts (68 deals) and 60.53% for Longs (76 deals).
The developer doesn’t use his EA in trading, even on a demo account. It looks suspicious and it’s the first sign that the robot is a scam.
Many people who left comments several days ago had noted that the system was good on backtests but bad when it went live. They warned us that the system should be updated and have stable trading results before it would be time to use it.