Today I’m providing a review for new Forex robot built with a focus on high performance, while keeping the risk levels low, BigBen Time EA. Unlike most systems in the market, this robot keeps trades open for long periods of time. The developers provide the community with a couple different trading accounts, some back tests, and I’ll make sure to go through each and every element of the system with a fine tooth comb, so that you know if this is a viable system or not.
The developers of the software go by the “Kojiro Trader Team,” but despite my efforts, I can’t seem to find any information about this group anywhere online. They claim to be a professional team, but there is no information about their location, or the company that they work for. In order to get in touch with support, traders can email bigbentimeEA@gmail.com.
BigBen Time EA Review
Built specifically to trade the USDJPY pair, the BigBen Time EA only opens trades when the London market is open. Personally, I appreciate expert advisors with specific strategies and intents. Some of the most success I’ve had in the Forex marketplace, come from very strict trading strategies that focus on specific times of the day, trading only one pair at a time. That’s certainly the trading approach for this expert advisor, which is a positive aspect.
The developers also tell us that the EA uses snowball principles to make profit, by in which “it will accumulate orders when there is a high chance of winning.” As for the algorithm, the EA is designed to follow the markets and calculate the most likely price breakout to take advantage of.
It’s also quite apparent that the team want to get across the point that this system is not martingale, and does not headed all. They mention this multiple times on the website, and this is quite common of new EA’s we’ve been reviewing like Tension Trader, EADulf and Avail Forex EA.
- Type: Forex Robot
- Price: $299 – $799
- Strategy: Trend Following
- Timeframe: H1
- Pairs: USDJPY
There are 3 different packages available for traders looking to sign up with the BigBen Time EA. Each package comes with both of the trading modes, so the only real difference is the amount of licenses being made available. For $299, traders get access to one real account and one demo account. For $499, traders get access to 2 real accounts, and to demo accounts. Lastly, the $799 package comes with for real accounts and to demo accounts.
There doesn’t seem to be any mention of additional fees, or subscription fees, so I assume that these are lifetime fees that will give you access to the software and the licenses for life.
The BigBen Time team provide us with two live trading accounts on Myfxbook, one is using their “Boostup Mode” strategy, and the other is not. Both accounts a been running since the beginning of November, 2017, which means we have approximately 6 months of trading data to analyze. This is a pretty good sample size, when it comes to seeing how well a trading strategy works in the short and long-term.
In looking at the 2 accounts, it’s clear that the Boostup mode strategy is the more effective of the two. With a minor 2% increase in drawdown, the Boostup account is showing a gain of over 136%, while the normal account is showing a 62% gain.
Both accounts are showing pretty steady monthly analytics, with mostly positive months, with the boost up account having one negative month, and the normal mode having to negative months. That doesn’t seem to be any substantial losses, so the strategy is certainly working quite well for the first 6 months of testing.
Normally I include an area for client feedback, but the BigBen Time EA doesn’t really have much feedback available at this point in time. The system has been out quite a few months, but maybe it’s just not growing in popularity just yet. That doesn’t mean it’s a bad system, and it could mean that it’s a diamond in the rough. The only thing I’d really like to see from this developer, is some client feedback, and some real client trading accounts, to ensure that this works for the community, and not just the developers.
If there’s anything you would like to add to the review, please leave your questions and remarks below the article now.