Forex Sugar is an automated trading robot developed to work on MT4. It is owned and operated by someone called Brian Jones. Brian Jones claims that Forex Sugar is a revolution in automated trading environment. This vendor is telling us that with Forex Sugar, ”trading in the Forex market is profitable.” At the same time, this vendor proclaims that anyone can use this robot, even without any prior experience.
If these statements hold any water, we will be able to know in our review because we’re ready to go into details.
The vendor is not known just yet because the about us page does not feature him. In addition to this, we have no idea where this developer is selling his EA from.
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Forex Sugar Review
The EA is available on two packages. With $299, you can get a license that gives access to one real account and unlimited demo accounts. A bigger package offers license for 5 real accounts and unlimited demo at a cost of $799.
While the website is trying very much to give enough information about their Forex robot, Forex Sugar, the developer appears to be using repetitive words. This makes it quite difficult for their explanation to come out clearly.
They want traders to believe that this is the best Forex robot because it is quick and easy to set up but this is just not the best criteria to choose the best Forex EA here.
Forex Sugar Strategy
Literally, the strategy used by this software is a basic one. The EA using a set of smart calculations and technical indicators is driven by price action and news release. The EA does not trade during high volatility.
One of the most volatile times in Forex market is during low impact News, medium impact News and high impact News release. And so the EA does not trade during this period.
During stable market, the EA algorithm sends signals to the robot to trade. If the trade is profitable, the robot continues in that direction.
Forex Sugar Result
The creators of Forex Sugar EA want the trading community to believe that this robot is profitable. This has been demonstrated on the robot’s FXBlue account although the sample size is small, which the developer has to consider before making a claim.
They opened a live Forex account, deposited at least $5,000 and started trading with this expert advisor. Take note that this FXBlue account has a history of just 23days.
The average win is +45.26 and average loss is -46.82. The peak drawdown is 6.2%.
Now, when you look at this FXBlue account, you will see that the account is looking very fresh with a risk reward ratio of almost 1:1.
With the results just flushing out, we cannot demonstrate the profitability of this robot yet.
Conclusion
For now, I will not recommend Forex Sugar until we see that the developer can maintain this trading account for a couple of months to come. By then, the risk reward ratio will be fully unmasked.
Before the next review, I would also like to see more transparency on the ownership and probably a short video demonstration of the trading strategy behind Forex Sugar.
Thanks for reading the Forex Sugar review.