In this post I will be reviewing the Big Ben Time EA. For those who may not be aware, a forex expert advisor (EA) is a fully automated forex trading system that will trade for you automatically. They are also referred to as forex robots and require no intervention from the user other than setting them up on your MetaTrader 4 (MT4) charts. MT4 is a free to download and perhaps the most popular forex trading platform available from most forex broker around the world.
When using the Big Ben Time EA or any other forex robot I would personally use a regulated ECN forex broker as this can lower trading costs with tight spreads, competitive commissions and minimal slippage.
The Big Ben Time EA is suitable for beginner and advanced traders as it is a set and forget forex trading solution with easy to follow instructions included to get setup within minutes.
Big Ben Time EA Trading Strategy
The Big Ben Time EA trades the USDJPY around the London open, hence the name! This break out is an old popular strategy that I have previously used myself although to automate it I think would be slightly tough as it requires the human eye and fundamentals to filter signals.
There is no dangerous martingale strategy used and the Big Ben Time EA does use a stop loss and take profit which is placed for you automatically. There are 2 modes, the boost up and normal mode.
Big Ben Time EA Back Testing
Big Ben Time EA Live Results
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Big Ben Time EA Summary
Overall, I would like to see the Big Ben Time EA back tested with Birts TDS for accurate historical results and I would also consider adding some additional filters to filter out some of the frequent bad trades. In all honesty, there are better forex robots out there, you can see my forex robot reviews for other options.
The Big Ben Time EA does come with a money back guarantee, instructions and full support.