Forex Robot ReviewsPassive Income

Forex Sugar Review: Is It Wise to Hand Your Trading Over to This EA?

3 Mins read
4.4

As the name suggests, Forex Sugar seeks to sweeten and monetize your trading experience. The EA is fully automated and works 24/5 continuously to generate quick profits for users. This, according to the vendor, allows the robot to grow your account steadily. Join us as we evaluate the system to find out if you stand to gain by using this tool or not. 

Forex Sugar company profile

The vendor of this product is unknown. Although an ‘about us’ page is featured in the presentation, it doesn’t reveal any information about the company. Therefore, we cannot tell the name of the company, location, year of foundation, history in this market, other EAs it has created, etc. 

The highlights of Forex Sugar

These are the key highlights of the system:

  • It works with any broker and is compatible with the MT4 terminal.
  • The system works well with all account types, such as Micro, Cent, or Standard accounts.
  • You can use any leverage, but the vendor recommends a higher leverage like 1:500.
  • The dev recommends you work with low or zero spread.
  • It trades on nearly all major currency pairs. However, the EURUSD pair is said to produce the best results.
  • M1 is the recommended timeframe. 
  • The robot uses SL and TP levels.
  • The minimum recommended deposit for a standard account is $1000 and <$1000 for a cent account.
  • It’s easy to use and set up.

Forex Sugar trades with two strategies—scalping and grid. The former approach involves buying a currency pair and holding it for a short time so as to make profits. Therefore, the bot is able to implement numerous trades, earning a small profit amount every time. The latter strategy is used to place alternate buy and sell orders at certain levels while employing hedging. 

Facts & figures

There are no backtest results for this robot. We are not sure why the devs have failed to share this data. It’s likely that they didn’t test the system on historical data. So, we cannot determine if it has can produce good trading outcomes in the long run or not. 

Live trading results on FXBlue
Live trading results on FXBlue

At the moment, Forex Sugar is running a live account, which was opened about 2 months ago. To date, the EA has managed to make a profit of $183.60 using a deposit of $669.44. The loss made is -$26.72. So, the current balance stands at $847.38. 

Trading performance
Trading performance

Forex Sugar makes a weekly profit of 2.6% and a monthly return of 11.4%. As a result, it has succeeded in growing this account by 23.9%. The win rate (83.8%) for trades is quite remarkable. Generally, the EA carries out 3.5 trades per day. The peak drawdown is small at -3.8%, indicating that low-risk trading is employed.    

Risk of ruin
Risk of ruin

The account has a favorable risk/reward ratio of 5.48. The average win is $2.96, while the average loss is -$10.32, a sign that the system losses more than it wins. On the worst day, the EA made a loss of -$30.67 and -$18.99 on its worst week. The account has a zero risk of ruin. 

Monthly returns
Monthly returns

The account’s monthly profits have been declining. 

History of trading
History of trading

The robot works with small lot sizes. Scalping and grid strategies are evident. 

Forex Sugar packages

The robot has two pricing plans. The basic plan is available at $149, down from $375. It comes with 1 real account and unlimited demo accounts. The professional plan is priced at $559, and it previously cost $999 before the vendor decided to reduce its cost. It features 5 real accounts and unlimited demo accounts. A 30-day money-back guarantee is included in the two plans.  

Assistance

Customer support is offered through email and the FAQ page. The official website also includes a knowledge bank and a blog that provide more detailed info about the service. 

Other notes

Forex Sugar has not been reviewed by customers as of now. We couldn’t find any testimonials regarding the system on any of the independent sites like Trustpilot, Myfxbook, or Forex Peace Army. 

Is Forex Sugar a reliable system?

The EA’s live results on FXBlue prove that it is able to generate quick profits for users. However, you need to keep in mind that its profitability rate has been reducing over time. 

Forex Sugar Summary

4.4
The robot comes with a variety of features to help optimize your outcomes in the market. It is also flexible as it allows you to work with any broker or account type. Even then, a risky strategy (the grid) is present, so anything might happen.
5.0

Performance statistics

2.0

Reviews from customers

7.0

Ease of use

4.0

Implemented strategies

4.0

Pricing

Pros

  • +Supports all brokers and account types
  • +Live trading results are available
  • +Easy to use

Cons

  • -Grid on the board
  • -No backtest report
  • -Lack of customer reviews
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