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BigBen Time EA Review: Scam Check for forexbigbenea.com

BigBen Time EA Review: Scam Check for forexbigbenea.com

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Big Ben Time EA is the name of a Forex expert advisor which is the center of focus for this review. We are told by the developer that the Big Ben Time EA is built with high performance in mind while keeping risks as low as it can get. This is definitely giving us lots of expectations concerning the Forex robot. We have also noticed that unlike many other automated trading systems in the market, the Big Ben Time EA is designed to open and keep trades for a long time. It is essentially a swing trader. The developer is even providing the Forex trading community with a couple of trading accounts and back tests to make their point clear.

We like it when the developer gets into the details that matter, and so we will not waste a second to got through the analysis section, making sure that no stone is left unturned. According to the sales page of the robot, Kojiro Trader Team is the name of this developer. We have done some research about them only to find that there is nothing on the internet about this team. It is 100% anonymous since their profiles do not exist anywhere else on the internet except on the sales page where they are promoting Big Ben Time EA.

They also claim that they are professional developers and traders but are not giving us any information about the company behind this operation or even the location. This is quite common with many shady sites which sell Forex robots. We have seen this kind of thing over and over again  to the point that we are nearly getting used to this type of promotion.

Before we move far into the analysis of BigBen Time EA, we need to point you in the right direction as far as viable Forex robots are concerned. So if you want to get started with the most recommended robots of all time, click this link and sign up immediately. Good things await you.

Big Ben Time EA Review

BigBen Time EA has provided a support email address. To contact them, users are supposed to send their queries to that email address. The software was built specifically to trade USDJPY pair and it only opens trades when the London markets open. While this means that the developer has probably incorporated a certain trading strategy into the app, it could also mean that they are only telling us this story to defuse the situation or avoid getting into more details of how BigBen Time EA works.

BigBen Time EA

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But here we do prefer developers who tell us what strategy they are using and how their software approaches the market. Some of the most successful Forex robots that we have seen in the market place use strict trading strategies and only open trades at specific times of the day or night. They also tend to focus on a few pairs because they are optimized for those pairs only.

The developer of BigBen Time EA also informs us that the expert advisor uses the snow ball effect and will accumulate many orders at once if there is a high chance of winning those trades. On the other hand, we are told that the algorithm is designed in such a way that it will follow the markets and take advantage of breakouts when they form.

The developer also wants to make sure that we have understood the fact that the BigBen Time EA is not a martingale robot and we should not be afraid to purchase licenses for that reason.

BigBen Time EA licenses

The developer is offering 3 different plans for sale. There is no difference in these plans. However, the reason as to why one trader might pay more than the other is because the plans in question come with varied number of licenses. For instance, if a trader decided to spend $299 on this robot, they will get a license that caters for one demo account and one live account. If they spend $499 instead, they will get 2 licenses for live accounts and demo accounts respectively. For $799, we get 4 real accounts and two demo accounts respectively.

The developer does not discuss any additional fees or charges. Therefore, we do assume that these are lifetime licenses.

Having said that, we are very eager to see the kind of trading results which they have for us. The BigBen Time EA looks promising in terms of pricing and also in terms of how the presentation is being done. That explains why we need to analyze the trading results to see whether it has some potential.

BigBen Time EA myfxbook results

There are two myfxbook accounts. One seems to be using a strategy that boosts returns while another one is not. This strategy has been dubbed Boostup strategy. Both of the trading accounts have been active for the last 6 months, which is a good thing because now we have the chance to analyze a 6 month data sample and get a clear picture of whether this is a viable trading robot in the long run.

When we analyze the one for Boost up strategy, we realize that it is the better strategy of the two. The Boost up strategy has a 2% more draw down compared to the one without Boost up strategy. For the Boost up strategy, we can see that the account has recorded a gain of over 130% in the last 6 months while the second account has accumulated over 60% gains.

Generally, we can say that these results are quite stable. There are only one or two losing months. But generally, we see that things are quite stable.

Our best advice for you

At this point in time, we only have one challenge regarding how the BigBen Time EA has accumulated nothing in terms of feedback. With these trading results, we are expecting good feedback to start coming in. But BigBen Time EA does not have them. Maybe it’s popularity hasn’t grown just yet. So what we’d like to see are reviews and real client trading stories. For now, stick to these recommendations.

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