Forex FundsForex Robots

Forex Sugar Review: Is It a Reliable Robot?

0
Londo

Forex Sugar is the trading solution that has a mediocre and low-informative presentation. The main claim is “Yes, Trading In The Forex Market Is Profitable.” The developer is Brian Jones. We aren’t sure that this person exists without proof of a Facebook or MQL5 account.

It was challenging but we did it. We could unite the most useful intel in the following list.

  • The system was designed to execute orders on the terminal for us.
  • The advisor puts human emotions away from trading.
  • It works based on a Price Action strategy.
  • There are Grid and Martingale implemented either.
  • It can close an order if the market is unfriendly or goes on the opposite direction
  • The system works with many indicators to spot the best entry point.
  • The advisor runs 25/7.
  • The installation process will be executed lightning quick.
  • The system uses dynamic stop loss and take profit levels.
  • The robot avoids trading on the volatile market.
  • The news filter is designed to skip trading high impact news.
  • The robot needs to be customized by us.
  • We’re sure the beginners won’t be able to do this right.
  • The developers don’t recommend small and fixed SL and TP.
  • It can be dangerous to trade without fixed levels.
  • There’s broker protection that covers SL and TP levels.

Trading strategies and currency pairs

  • The robot runs a price action strategy.
  • We can work on any cross pair.
  • The time frame wasn’t mentioned.

Unfortunately, we have no backtest reports on the board.

Forex Sugar trading statistics

Forex Sugar trading results

Forex Sugar trading results

The system worked on a demo account. The balance amounted to $12,857. The account was deployed on January 26, 2021, and deposited at $1000. Since then, the closed profit has become +$1,729. No open orders are on the market.

Forex Sugar statistics

Forex Sugar statistics

The robot traded XAG/USD only. The total return has become +173.90%. An average monthly return was +17.8%. The maximal drawdown was -1.0%. The win rate was 78.5%. The profit factor was 1.35. There were -745.2 pips traded. It made money only because of Martingale. An average trade frequency was three deals daily. The account worked 179 days.

Forex Sugar risks

Forex Sugar risks

The ROI was 12.05. An average trade length was 5 hours  and 12 minutes. An average result was $3.16. An average win was $15.91 when an average loss was -$43.11.

Forex Sugar directions

Forex Sugar directions

The system has traded directions equally. The buy direction was lost -$507.08.

Forex Sugar magic number

Forex Sugar magic number

The robot worked under one system.

Forex Sugar weekly activities

Forex Sugar weekly activities

Monday and Friday were the less traded days.

Forex Sugar daily activities

Forex Sugar daily activities

Most of the orders were traded during the Asian and European trading sessions.

Forex Sugar monthly activities

Forex Sugar monthly activities

We may note that the profitability went down in July 2021.

Forex Sugar weekly activities

Forex Sugar weekly activities

The far we go the poorer trading results are.

Forex Sugar closed orders

Forex Sugar closed orders

The robot could survive only because of Martingale.

Pricing and refund

Forex Sugar pricing

Forex Sugar pricing

The offer wasn’t changed for years. There are two packages we may enjoy. The one-license pack costs $99 instead of $375. The five-license pack costs $264 instead of $999. The pack includes real licenses and an unlimited number of demo licenses. The system is delivered without refunds.

What else you should know about Forex Sugar

The system was stopped, and the developers disappeared. So, no extra intel is available.

People feedback

The presentation doesn’t include testimonials. We don’t have them on sites like FPA and Trustpilot.

Forex Sugar Conclusion

3

Forex Sugar EA is a robot that trades Price Action with Grid and Martingale. The system was stopped over a month ago. The presentation is poor. The offer is twice overpriced. We have no money-back guarantee provided to protect us. There’s nothing left. It’s time to skip this site forever.

  • Price - 5/10
  • Strategy - 3/10
  • Trading Results - 4/10
  • Vendor Transparency - 2/10
  • Customer Reviews - 2/10
  • Support - 2/10

    PZ Divergence Review: Is It a Scam?

    Previous article

    FX Scalper X Review: Is It a Scam?

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published. Required fields are marked *

    More in Forex Funds