Forex Robots

Bonanza EA Review: Robot That Works With Medium Drawdowns

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Bonanza_ _EA

Bonanza EA is a trading solution that has a presentation on MQL5. The advisor was downloaded for demo usage over 400 times. It was released in August 2021 by Elizaveta Erokhina. We have several robots in the developer’s portfolio: Level Wizard EA, Candle Banker, Tiburon EA.

Bonanza EA strategies and tests

The presentation doesn’t look quite informative. It was a challenge for us to gather all the required details.

  • It works completely automatically for us. We may just control its performance.
  • We can work with XAUUSD only.
  •  “The EA uses complicated filtering techniques to search for the accurate entry and exit points.”
  • The system opens long-term orders.
  • There’s an algorithm that is based on price action.
  • We are allowed to work, having no experience on Forex.
  • It doesn’t use Grid or Martingale risky strategies to recover after a loss or make more profits.
  • We can expect that the system will work with SL and TP.
  • The starting deposit should be $1000.
  • It works on the H1 time frame.
  • We can work on ECN accounts only.
  • It handles various broker conditions.
  • We can install it easily.
Bonanza EA backtest report

Bonanza EA backtest report

The advisor got testing on the broker tick data for the last 16 years. The chart is good, but we have no final report about other trading details like drawdowns.

Bonanza EA live trading account review

The account was created just fifteen weeks ago. It’s a baby by a Forex life range. The system has to prove that it can handle various market conditions.

Bonanza EA trading results

Bonanza EA trading results

We’ve got a Demo trading account on IC Markets. The leverage is 1:500. The maximum drawdown is 22.5%. The deposit load is only 7%. The win rate is high – 99%. The initial deposit was $1,000. It can provide an absolute growth at 54.93%.

Bonanza EA trading statistics

Bonanza EA trading statistics

An average trading frequency is 8 deals weekly. The average holding time is 5 hours.

Bonanza EA growth chart

Bonanza EA growth chart

The advisor lost much in October 2021 and we don’t know if it will be able to recover.

Bonanza EA trading details

Bonanza EA trading details

The advisor has executed 104 deals with 99.03% accuracy. The best trade is $14.20 when the average loss is -$352.54. It’s such a big problem to recover after each lost deal. A recovery factor is 1.56 when a profit factor is 2.56. An average monthly profit is -0.66%. The annual forecast is negative, -8.02%.

Bonanza EA distribution

Bonanza EA distribution

It works with Gold in the Sell and Buy directions.

Bonanza EA warnings

Bonanza EA warnings

We have some warnings about the system executions.

Pricing

The price decreased from $600 to $499 when the subscription became to cost $300 instead of $399 or $700. The system can be downloaded for checking settings and performing backtests.

Is Bonanza robot a scam?

The dev’s profile

The dev’s profile

Elizaveta Erokhina is a developer from Russia. Most likely the system is a scam because she decreases the price consistently because no one wanted to buy it for $1000 or rent for $700.

People feedback

People testimonials

People testimonials

The client warned us that the robot is insanely risky because of deep SL levels.

Bonanza EA

2

Bonanza EA is a system that works with insane risks on a demo account. The developer couldn’t prove that the system is safe, stable, and relevant to us. The pricing is sky-high and there’s no refund policy applied. We cannot trust this system blindly. We’d like you to wait and seek for more trading results.

  • Rental options available
  • Trading results provided
  • No risk advice given
  • Insane pricing
  • High risk trading
  • The system is going to lose October 2021
  • Negative testimonials available
  • No updates after losses occurred

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