EA Overview
| Martingale | No |
|---|---|
| Grid | No |
| Scalping | Yes |
| Timeframes | 1H |
| Developer | MQL TOOLS SL（Marzena Maria Szmit） |
Forward Test Status and Reliability Assessment
Previously published on FXmerge, but now deleted
Big Forex Players MT5 once had a forward test published on FXmerge.
Although specific metrics and detailed performance data can no longer be checked, it served as a valuable reference for assessing the EA’s real-world risk profile.
However, the forward test has since been removed, and accessing the previous link no longer displays any results.
It is unclear whether the developer intentionally withdrew it or if it was taken down due to poor performance, but the fact that a forward test was once public and later removed is a significant red flag for cautious traders.
No official forward results available at this time
As of now, no official forward results are available on MQL5, FXmerge, Myfxbook, or any other platform where the developer actively maintains performance records.
In other words, despite being a high-priced EA, Big Forex Players MT5 provides no verified live performance results from the developer.
While one can infer general trends from backtests or independent demo accounts, crucial information—such as:
– which broker and spread conditions were used
– what leverage and risk setting (Low / Medium / High) were applied
– how drawdown and returns behaved over time
is completely absent from any official source.
What hidden forward results imply about transparency
From an EA review standpoint, the absence of forward results is itself an important indicator.
Especially for an EA priced in the thousands of dollars, a trustworthy developer should:
– publish long-term forward tests
– leave performance visible even through unfavorable market periods
The deletion of the FXmerge forward and the lack of any new official results strongly suggest:
– the forward performance may have deteriorated,
– or the strategy lacks stability under changing market conditions.
Conclusion: An EA without forward visibility must be evaluated with caution
Big Forex Players MT5 may appear sophisticated in concept—multi-strategy logic, risk controls, and flexible modules—but the most important measure of an EA is its stability in real-market conditions.
– The forward test was removed
– No official live results exist
Given these facts, the forward reliability of this EA must be rated extremely low.
If transparent and long-term forward results are ever re-published and show stability, the evaluation could change.
But under current conditions, this EA should be approached with great caution regarding position size and capital allocation.
Backtest Analysis (EURUSD · Approx. 1 Year)
Test Environment and Parameters
Since no forward results are currently available, I conducted my own backtest to understand the EA’s practical performance.
The test used standard, unbiased settings:
- Period: Jan 1, 2024 – Nov 28, 2025 (approx. 23 months)
- Currency pair: EURUSD
- Initial balance: 10,000 USD
- Lot size: fixed 0.01
- Settings: all default
- Spread: 25 points
Because this test uses a fixed 0.01 lot, drawdown is evaluated using the absolute equity value, not percentages, as percentage-based DD fluctuates based on lot size and does not reflect the EA’s true risk.
Equity Curve: A Consistent Downtrend
The balance curve declines almost straight downward from the beginning.
There are brief moments of recovery, but the overall trend is a nearly continuous accumulation of losses over roughly ten months.
The equity curve mirrors the balance curve closely, indicating that losses came from consecutive losing trades rather than extended floating drawdown.
Total Loss: -$9,019 — a devastating result
With an initial balance of $10,000, the final result was -9,019.95 USD.
This is effectively account-wipeout territory, despite using a safe fixed lot size of 0.01.
Such large losses under low-risk settings are highly unusual and point to severe flaws in the trading logic.
Absolute Equity Drawdown: $9,257
A maximum equity DD of $9,257.05 at 0.01 lot is extraordinarily high.
This is not the result of grid or martingale exposure—rather, it reflects a strategy that simply loses repeatedly for prolonged periods.
Profit Factor: 0.69
A PF of 0.69, combined with a 53% win rate, indicates a “small wins, large losses” structure.
This type of PF is extremely difficult to correct without fundamentally redesigning the strategy.
Same disastrous results across pairs and periods
Crucially, this performance is not unique to EURUSD or to the specific test period.
Tests across other instruments and dates produced similarly severe, consistent losses.
This suggests that the EA’s underlying logic is not adaptable to market conditions—or that it contains deeper structural issues.
Conclusion from Backtests
The EA fails to function as a profitable algorithm under default settings. Backtests show:
- Account-destroying losses even at 0.01 lot
- Multiple pairs showing the same catastrophic behavior
- PF and DD metrics consistent with a fundamentally flawed strategy
Combined with the missing forward results, the EA appears to suffer from a major mismatch between its intended design and actual execution behavior. Real-world use carries extreme risk.
Trading Logic and Risk Characteristics
The developer’s three proposed trading modes
According to the developer, Big Forex Players MT5 includes three switchable strategy modules:
- Trading with Banks: Mid- to long-term directional positions based on institutional sentiment, holding one position per pair
- Trading with Indicators: A slower, indicator-based strategy using RSI, MACD, and Stochastics
- Trading with Robots: A multi-pair automated system combining price action, SMA, RSI, and custom indicators
All modes are described as “no grid, no martingale” with TP and SL applied to every trade.
What the backtests actually reveal
Despite the developer’s description, actual backtests show behavior much closer to a high-frequency scalping EA:
- Dense clusters of trades even on H1 charts
- Very large number of total trades despite tiny lot size
- No grid-style position stacking or martingale lot increases
This strongly suggests that the EA operates as a scalper regardless of the advertised “bank position” concept.
Scalping on M5 and vulnerability to loss streaks
Examining M5 charts shows:
- Repeated entries within narrow price ranges
- Clusters of losses during rapid movements
- Small losses accumulating into large drawdowns over time
No grid or martingale risk exists, but the scalping pattern produces its own high risk: a long chain of small losses that can quickly destroy an account.
Heavy dependence on broker conditions
Because it trades frequently in small ranges, performance is highly affected by:
- Spread width
- Execution speed and slippage
- Commission per trade
Even slight disadvantages in broker conditions can turn many trades from break-even to loss, making the EA highly environment-dependent.
Logic and risk summary
Although the EA does not use grid or martingale methods, backtest evidence shows that Big Forex Players MT5 behaves more like a:
- high-frequency scalping system, and
- an EA whose performance varies greatly depending on broker conditions
Given the absence of forward results and the consistently poor backtest performance, extreme caution is advised for any real-money deployment.
Overall Evaluation & Final Verdict
The developer describes Big Forex Players MT5 as an advanced EA combining institutional sentiment, technical analysis, and automated multi-pair systems. However, backtests and trade history show behavior that diverges significantly from these descriptions.
Key Evaluation Points
- No public forward results, creating major transparency issues
─ Previously visible FXmerge forward results have been removed. - Backtests across pairs and periods show catastrophic performance
─ Even 0.01 lots nearly wipes out the account. - No grid or martingale, but effectively a high-frequency scalper
─ The actual trading style contradicts the developer’s claims. - Large number of trades leads to long loss streaks
─ Small individual losses accumulate into massive total losses. - Extremely dependent on broker environment
─ Spread, commission, and execution quality significantly affect outcomes. - Mismatch between explanation and actual system behavior
─ Marketed as a long-term institutional model, but functions as a scalper. - High price but low performance
─ Does not justify its premium cost given the actual results.
Final Verdict
Overall, Big Forex Players MT5 cannot be considered a reliable EA at this time due to:
• hidden forward results,
• consistently severe losses in backtests,
• discrepancies between advertised and actual behavior,
• and the inherent risk of high-frequency scalping.
The repeated catastrophic performance across multiple conditions suggests deeper structural flaws within the EA.
Unless long-term, transparent forward results are presented and prove stable, this EA should be approached with extreme caution.
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Although it does not use grid or martingale methods, the EA behaves like a high-frequency scalper that easily generates long streaks of losses. Even with a small fixed lot of 0.01, the balance nearly drops to zero, suggesting that the strategy does not adapt well to real market conditions. Overall, the risk level must be considered extremely high.