SpongeBob SquarePants: Automated MT5 Breakout EA with Verified Performance Results

SpongeBob SquarePants review 2025 performance analysis begins by identifying what separates this EA from common grid or martingale systems. 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. Realistic expected performance characteristics include moderate trade frequency, a measured win rate in the 55-65% range in tested instruments, and steady monthly returns rather than rapid explosive gains. Backtest and live Results are presented for transparency and to set realistic expectations for prospective users.