Forex Sugar is developed by Brian Jones, who claims that the robot will sweeten your trading experience. The expert advisor comes with various settings such as trading hours, news filter, etc., which can be modified according to your trading needs. The developer states that the algorithm uses both technical indicators and tick volume to predict the market’s future.
Is Investing in Forex Sugar a Good Decision?
We have analyzed each aspect of the expert advisor using the results presented by the developer. As of now, it can be said that the EA is not a good investment decision. The performance is tracked on the demo account, which does not respect real market liquidity and slippage. Most experts fail on live portfolios due to this reason.
The robot is presented through a single webpage that carries all the information. There are also separate About, FAQ, and login tabs, which present more or less the same knowledge as the main page. The robot is developed by Brian Jones, who does not disclose anything else about himself. Lack of transparency is not good for the system’s authenticity.
Forex Sugar has the following features for traders:
Allows you to hide your stop loss and take profit from the broker
Trades on auto mode 24/5
It has a built-in news filter to avoid any important releases
The developer claims that the expert is profitable by getting lots of trades each day. As mentioned before, the algorithm uses technical indicators and price action movements. It uses a fixed stop loss and take profit which is big in size. The automated software closes trades when it feels the market is turning. The robot doesn’t trade during volatile events and avoids it using the built-in news filter. It works on the 15-minute time frame on EURGBP, XAUUSD, XAUUSD and AUDUSD. Currently, it is only available for MetaTrader 4. It can be placed to work on micro, cent, and standard accounts.
You can purchase the robot for one real and unlimited demo account for $99. For five real and unlimited virtual portfolios, the cost stands at $264. The developer states that it is a discounted price that may hike at any time to the regular $375 and $999 for the respective versions.
Trading records are available on FXBlue, which are at a demo account. The robot trades only on XAUUSD with an average monthly return of 18%. The win percentage is at 77.6 with a profit factor of 1.37. The robot holds trades for 5.5 hours which conforms to the statement of day trading approach. The average winning trade is $14.67, while the loss is -$37.19. The robot has been trading for 157 days. It is quite suspicious that there are no drops in equity and balance curves.
Unfortunately, the developer does not provide any backtesting results that we can use to compare with the one on FXBlue. The robot might have failed during the backtesting. Any expert advisor that does not show real, verified results and backtesting should be considered a scam.
There are no customer reviews available on Forex Peace Army and TrustPilot to guide us on other people’s opinions. Absence of customer reviews means that a few traders have purchased the system or that not many retail traders trust this EA.
Forex Sugar presents the same claims made by other expert advisors and fails to provide any conclusive evidence to back it up. The expert advisor works only on the demo account and has no real profitability. Retail traders should stay away from it to keep their capital safe.
Make an informed decision
Check out the selection of the most efficient forex robots here