Introduction
Bonnitta EA MT5 is a trading robot designed for the MetaTrader 5 platform, boasting a combination of secretive custom indicators, trendlines, support and resistance levels, and a proprietary trading algorithm. Priced at $5500, it promises significant returns, but as always, the devil is in the details.Description of Features
Bonnitta EA MT5 operates on the EURUSD H1 timeframe and employs the Pending Position Strategy (PPS). The robot integrates advanced trading algorithms and custom indicators to predict market trends. It includes features like slippage control and broker execution quality checks to protect traders from potential broker manipulation. Automatic money management is also part of the package, aiming to optimize position sizes and manage risk effectively.Performance Analysis
The backtesting results are impressive, claiming to turn an initial deposit of $1000 into over $3.8 million from January 2020 to May 2021. However, user reviews paint a mixed picture. One user, JVPger, rated it 1 out of 5, criticizing the algorithm for moving from one drawdown to the next and calling it overpriced. Another user, Mamadou Cellou DIALLO, gave it a 5-star rating after two weeks of real account testing, recommending it highly. Genya240565, on the other hand, is still waiting for real account results, having found the backtests promising.Pros and Cons
- Pros:
- Advanced trading algorithms
- Impressive backtesting results
- Automatic money management
- Slippage control and broker execution quality checks
- Cons:
- High cost of $5500
- Complex setup
- Mixed user reviews
- Reliance on a secretive algorithm
Conclusion
Bonnitta EA MT5 offers a range of advanced features and impressive backtesting results, but its high cost and mixed user reviews make it a risky investment. Traders should weigh the potential rewards against the risks and consider whether the EA aligns with their trading goals and risk tolerance.Source Code of Bonnitta EA MT5
We do not have access to the original source code of the Bonnitta EA MT5 sold on MQL5. However, based on the description provided on the MQL5 website, we have created a sample code. This code is an interpretation and not the actual code of the Bonnitta EA MT5. For those interested, you can find more details and discussions on our forum at easytradingforum.com.
Code:
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