Bago EA
Bago EA is an MQL5 Expert Advisor whose source code could not be read (binary format error). Based on filename alone, it appears to be a trading EA but its strategy, parameters, and logic cannot be verified without access to the actual source code.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | -0.32% | -0.27% | 4.79% | 124 | 50.40% | -0.05 | -0.07 | 4 | +$0.02 | Reliable |
| GBPUSD | +0.43% | +0.38% | 6.38% | 124 | 48.80% | 0.10 | 0.07 | 7 | +$0.55 | Reliable |
| USDJPY | -0.57% | -0.49% | 5.20% | 125 | 52.40% | -0.09 | -0.11 | 8 | −$0.58 | Reliable |
| XAUUSD | +58.35% | +46.19% | 38.13% | 122 | 49.60% | 0.91 | 1.53 | 7 | +$50.27 | Reliable |
Profitable on 2 of 4 markets with reliable results.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Month by month
| Market | Months with a gain | Best month | Worst month |
|---|---|---|---|
| EURUSD | 38% | +2.00% 2026-02 | -1.01% 2026-03 |
| GBPUSD | 62% | +2.88% 2026-02 | -2.35% 2026-03 |
| USDJPY | 31% | +3.43% 2026-07 | -1.85% 2025-11 |
| XAUUSD | 54% | +77.91% 2026-02 | -18.90% 2026-08 |
From the backtest equity curve, sampled about every two days; only reliable results.
Blow-up risk: No blow-up pattern found
None of the usual blow-up patterns were found in the code, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The source code is in binary format and could not be read, making it impossible to accurately analyze strategy concept, entry conditions, exit conditions, position sizing, or money management. The filename 'Bago EA' suggests a custom-named trading system, but the specific strategy is entirely unknown. It cannot be determined whether technical indicators, price action, or other analytical methods are used. Position sizing and risk control mechanisms cannot be confirmed either. It is strongly recommended to obtain a readable version of the source code before conducting a detailed analysis. All current analysis is based on filename inference alone and has extremely low reliability.
Strengths
- Cannot confirm - source code unreadable
- File exists in MQ5 format indicating it is a MetaTrader 5 EA
- Located in CodeBase downloads directory, suggesting possible community vetting
Weaknesses
- Source code is in binary format, preventing any code review
- Strategy logic is entirely unknown, safety cannot be assessed
- Cannot verify absence of dangerous money management strategies like Martingale or Grid
Possible improvements
- Obtain a readable MQ5 source code version for complete analysis
- Decompile the compiled ex5 file or contact the original author for source code
Risk assessment
Overall risk: High risk
- Source code unreadable, cannot assess any risk control mechanisms
- Cannot confirm absence of Martingale, Grid, or other high-risk strategies
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
N/A | N/A | Unable to read source code, parameters unknown |
Similar Unclassified EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.