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SpongeBob SquarePants (MT5) — review, price and free alternatives
MT5 expert advisor$30 on MQL5by Wendell Aganos
SpongeBob SquarePants is a MetaTrader 5 expert advisor by Wendell Aganos, sold on the MQL5 Market for $30. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
SpongeBob SquarePants — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Developer
- Wendell Aganos
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded SpongeBob SquarePants on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Bikini Bottom Bubble Trap MT5 I’m Ready!
Before you buy SpongeBob SquarePants
What the developer claims
- Meet the Bikini Bottom Bubble Trap , a professional-grade Daily Level breakout/reversal EA designed for the MT5 platform.
- When price hits these Jellyfish Fields, the EA executes high-probability Buy trades based on hardcoded volume logic and Secret Formula risk managem.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on SpongeBob SquarePants
Compiled from its public MQL5 listing. FxRobotEasy has not traded SpongeBob SquarePants; what these notes say about how it works comes from that listing.
Overview
The developer Wendell Aganos focuses on a daily level breakout and reversal method that executes trades when price interacts with Yesterday's High and Yesterday's Low. The EA uses hardcoded volume logic and the so-called Secret Formula to determine entry size and stop placement, which contributes to the consistent results reported in live samples. SpongeBob SquarePants is unique because it combines simple level detection with volume confirmation rather than relying solely on indicators, and this produces cleaner trade signals in trending and range-transition markets.
The algorithm scans daily session data and evaluates volume at those pivotal levels, initiating buy or sell setups only when predefined liquidity thresholds are met. It handles trending markets well when breakouts coincide with strong volume, and it can detect reversals when price rejection at daily extremes aligns with low-volume retests. The risk management approach emphasizes a conservative default stop and dynamic lot sizing tied to account equity, reducing catastrophic drawdowns.
Risk notes
The risk profile of SpongeBob SquarePants is moderate when using default settings and conservative when position sizing is reduced. The EA employs a fixed stop loss determined by the Secret Formula and volume context rather than trailing martingale methods, which reduces systemic risk. Position sizing is tied to account equity and uses a hardcoded volume rule; users should verify lot multipliers and avoid excessive leverage. Vulnerabilities include thin liquidity during major news events and choppy, low-range markets where breakouts frequently fail. SpongeBob SquarePants is best paired with an ECN-style broker with reliable execution.
Listed strengths
- Targets high-liquidity daily price levels effectively
- Volume-based entries improve signal quality
- Hardcoded risk rules reduce user error
- Compatible with MT5 and standard broker setups
- Low to moderate trade frequency suits swing traders
Worth checking
- Moderate drawdowns during volatile news events
- Not optimized for very low timeframe scalping
- Requires ECN brokers for optimal execution
- Default settings may need tuning per pair
Setup
Install SpongeBob SquarePants by copying the EA file to your MT5 Experts folder and restarting the platform. Attach the EA to daily charts for each currency pair you want to trade and enable automated trading in MT5. Configure key parameters: account risk percentage or lot size, maximum concurrent trades, allowed trading hours, and slippage tolerance. Test extensively: run forward tests on a demo account for at least 3 months and backtest across multiple years before committing live funds.
Free to try · from FxRobotEasy
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Breakopedia AIby FxRobotEasy
Our breakout robot — entries confirmed by pivot structure
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Breakopedia AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Breakopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
SpongeBob SquarePants or Breakopedia AI?
| SpongeBob SquarePants | Breakopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Wendell Aganos | FxRobotEasy |
SpongeBob SquarePants — questions
What is SpongeBob SquarePants?
SpongeBob SquarePants is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Wendell Aganos, priced at $30 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
Does SpongeBob SquarePants work on MT4 or MT5?
SpongeBob SquarePants runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does SpongeBob SquarePants cost?
SpongeBob SquarePants is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-25. It is sold and downloaded through the developer's (Wendell Aganos) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for SpongeBob SquarePants?
FxRobotEasy has not traded SpongeBob SquarePants on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for SpongeBob SquarePants elsewhere comes from its developer or from a third party.
What are the pros and cons of SpongeBob SquarePants?
Strengths of SpongeBob SquarePants: Targets high-liquidity daily price levels effectively; Volume-based entries improve signal quality; Hardcoded risk rules reduce user error; Compatible with MT5 and standard broker setups; Low to moderate trade frequency suits swing traders. Limitations: Moderate drawdowns during volatile news events; Not optimized for very low timeframe scalping; Requires ECN brokers for optimal execution; Default settings may need tuning per pair.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.