Analysis of the Bonnitta EA robot.

Acheter Bonnitta EA MT5 Expert Advisor dans la boutique qui vend des systèmes de trading algo

Table of Contents

Introduction.

For this analysis I will take the 2 tutorials, I made for this purpose. There will also be additional criteria that I did not put on the tutorials, because they are not important.

Analysis Criterion and Strategy test analysis.

You should know that the author erased 2 signals which had a really bad equity, since his basic robot does not use stop loss. It is possible to configure a stop loss with the parameters defined by the author.

 

The strategy is dangerous, indeed it is a grid without stop loss.

I would like to emphasise that it is your responsibility to purchase the product, you will have 7 days to withdraw and be reimbursed. Gains and losses are not the author’s responsibility, all the criteria to avoid a bad decision are present, it’s up to you to be careful.

As explained in my tutorial, I will start by preparing my backtest on the Metatrader 5 software by downloading the demo.

To do my tests, I will use these parameters and I will do 3 tests over periods that seem to come back often. The trading systems will be tested over the entire market period, from 2010 to today and from 2015 to today. These time units come back regularly and I think it is good to compare certain criteria over several periods to avoid that the trading system is optimised for one period.

Test EURUSD results

A colour code for the following will make it possible to differentiate these 3 periods.

You can find the 3 graphs and their 3 backtest reports below.

Opening the image in a new tab will allow you to zoom in on the image and see all the analyses that will follow.

Entire history

Colour code : #000000

It is important to understand that during the 2 periods framed in red (1999 to 2003 and 2004 to 2022) the robot left the losing positions open without opening a new position while waiting for the positions to be profitable one day…

2010.01.01 to 2022.12.23

Colour code : #0514FB

In the red box, there was a problem that I think is important to fix, the robot found itself in the configuration of having 2 sales and 2 purchases but it no longer opened a position and the sum of the positions were what that it happens negative… so the swap has increased over time (2012 to 2022)

For 2022, the DD seems to manage less well than in previous years.

2015.01.01 to 2022.12.23

Colour code : #8000F9

Once again there is a blockage from 2016 to 2022…

For 2022, the DD seems to manage less well than in previous years.

Analysis criterion

During the test the curves present a grid type strategy. However a trading account is required for hedging.

We can see in the inputs parameters allowing managing the size of the positions to risk a percentage of the capital and no more.

But I doubt that the strategy is effective with a correct SL and TP.

Strategy test analysis

I’m going to use the strategy analysis tutorial to analyse where the strategy fits in the outcome criteria.

Average Win / Loss

You just need to have a ratio between the average win divide the average losers.

This reflects the risk of each position, in general one wishes to gain more than one has risk.

0.28 = 6 606$ / 23 251$

0.18 = 2 502$ / 13 212$

0.36 = 4 913$ / 13 419$

Conclusion Average

It seems that each trade can cost more than you want to earn.

Profit Factor

Profit Factor = 1.62

A ratio between 1.25 and 1.75 represents a mark of minimum security, but will not be able to support the various expenses over the years and transactions (brokers’ commission, platform fees, taxes, bank commission, data expenses Steps…)

Profit Factor = 1.98

A ratio between 1.25 and 1.75 represents a mark of minimum security, but will not be able to support the various expenses over the years and transactions (brokers’ commission, platform fees, taxes, bank commission, data expenses Steps…)

Profit Factor = 3.17

A profit factor of 2 is the minimum to have if you want to survive in the financial markets.

Conclusion Profit Factor

For the entire history and 2010, the profit factor is low and is in the improved category, after that it is to compensate for the commissions and the swap, except that the objective is not played at the few cents asked for lots of 0.01 see which means that the system can survive despite a profit factor lower than 2. Otherwise for the other periods the profit factor is good.

Recovery Factor

Recovery factor = 1.25 it is better to update it, since its stability is questionable.

Recovery Factor = 2.64 is better to update it, since its stability is questionable.

Recovery Factor = 2.64 is better to update it, since its stability is questionable.

Conclusion Recovery Factor

Only the entire history need update recovery factor, the other periods, although greater than 2, should be improved.

Sharpe Ratio

Sharpe Ratio = 0.71 the risk does not pay off. Such strategies can be considered when there are no alternatives.

Sharpe Ratio = 1.47 this can mean that the risk pays off and that the portfolio/strategy can show results. Good.

Sharpe Ratio = 2.25 this can mean that the risk pays off and that the portfolio/strategy can show results. Good.

Conclusion Sharpe Ratio

For the entire historical period the sharpe ratio is bad, for the rest the sharpe ratio is good.

Conclusion

According to the author he also does GBPUSD, but the backtest is really long, and I guess I will encounter the same problems in GBPUSD i.e. positions will remain open for a long time and the robot will not make any trade.

This is a grid, in other words a dangerous strategy! especially without SL… There is no grid to advance and unstoppable…

In view of the bugs during the backtest, it is not really possible to really test the robot, because the time that the robot does not open a trade because positions remain open, if we relaunch the backtest after these blocking positions the robot takes new position. But hey, we’ll never end…

I think an update that automatically closes the position with 1 week open could improve the backtests.

The figures are not great and the robot is far too expensive $5,000!

One Response

  1. A great analytical work about this fantasy.
    The smoke that the developer was trying to sell was too suspicious for me.
    Soon we will see how his signal disappears.
    All these EAs with those spectacular backtests…
    If they were so good, large corporations would use these Eas, and that is obviously not the case.
    Trading Forex with 100% algorithmic trading without fundamental analysis, come on please!

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