Big Bang EA is a Forex robot developed by Andrey Barinov of Vagabonding Ltd. They tell the community that Big Bang EA is a 100% adaptive expert advisor since it is a combination of simple settings and powerful trading techniques. The vendor insists that the EA will not work on accounts with overnight positions rollovers and it was only designed for hedging accounts in the currency market.
Big Bang EA was first published on 5 April 2020 and updated to the current version 3.2 on 14 June 2020. The EA allows for 5 activations in both MT4 and MT5 terminals. There are about 1961 downloaded demos of this expert advisor so far. Backtesting is available via MT4 (M1 timeframe) and MT5 (any timeframe) terminals.
Andrey Barinov is the sole owner of this EA and he has the Big Bang EA available in both MT4/MT5. This vendor also controls a number of Forex tools on his catalog, both free and paid. Currently, there are no contact emails or brand telegram channels for support. However, interested clients can reach out to Andrey Barinov via his dedicated MQL5 page.
Big Bang EA Review
The Big Bang EA comes with a handful of parameters. The developer says that default settings are good for EURUSD, GBPUSD, EURJPY, USDCAD, AUDUSD, and USDJPY.
You will notice that the timeframe of the chart for real-live execution does not matter. However, make sure that you have all timeframes data available in the history center (F2) for easy flow of execution.
What we find confusing or rather contrasting about this vendor is that he claims that the Big Bang EA works with any brokerage of your trust and at the same time recommends leverage of 1:100 or even better 1:500.
Not all brokers will offer such leverage considering how leverages are restricted in many jurisdictions to levels well below 1:100. For example, the maximum leverage allowed to retail investors in the EU is 1:30, to those in the USA – 1:50, and in some other countries like turkey, it’s 1:10. Most licensed brokers shy away from rendering higher leverages to avoid bombshell from regulatory authorities.
For this reason, we think this EA will be quite selective of a Forex broker for residents in jurisdictions where leverages are capped below the recommended 1:100.
As it stands, it is against logic to buy an EA with an unusual requirement while the Best Forex robot is rather neutral and focused on powerful trading principles.
EA Strategy
The explanation provided by the Big Bang EA developer is disappointing. You will hardly believe that the EA strategy is based on support and resistance because there are no in-depth details on trading methodology. The vendor wants traders to use the default settings but fails to provide details on the actual trading approach.
The EA setup principle is based primarily on your trading balance rather than activities associated with entry and exit from the market as you can see in our recent reviews of Jabrix Scalper EA and Kiss on Billions on EURUSD EA.
Software Result
During our reviews of Big Bang EA, we saw that this vendor fails to provide a verified trading performance from myfxbook.com or FXBlue.
The vendor provided a screenshot for what looks like a signals result for different Big Bang EA setups but fails to lead us to the actual signals page.
In the meantime, he is hoping that traders won’t bother to verify these trading performances at a 3rd party site like myfxbook.com.
The vendor believes that most novice traders and buyers have no idea what is going on and will only look at the profit figures and settle for the Expert advisor.
Conclusion
Even though the owner insists that the Big Bang EA is not broker sensitive, this statement is still hard to believe considering most regulated brokers may not offer the recommended leverage to retail investors in restricted jurisdictions like the EU, USA, Japan, Turkey, etc.
In case you didn’t know, high leverage simply means you’re risking more money to generate higher returns.
What’s more, the trading result does not live up to expectations. Therefore, there is no way to trust the EA considering that the strategy explanation comes out very scanty.