Expert AdvisorsForex

Forex Sugar Review: Things You Need to Know Before Investing

2 Mins read
4.7

Forex Sugar is a robot that was introduced by a simple presentation. The developers insisted that Forex trading can be profitable. So, it’s time to figure out if it’s true.

Forex Sugar trading strategy

  • Forex Sugar performs a price action strategy on MT4.
  • It works with the EURUSD cross pair.
  • The time frame is M1.

Forex Sugar backtesting report

The presentation doesn’t include any kind of backtest reports. So, we can’t be sure that the system was tested properly before being released.

Forex Sugar live results

Forex Sugar trading results on Fxblue
Forex Sugar trading results on Fxblue

The robot runs a real account that was created several months ago. Before it, the devs used a demo account. The current balance is $847.38 when the closed profit is $183.60. This trading accout was created on March 01, 2022. Now, we have no orders floating on the market.

Forex Sugar statistics
Forex Sugar statistics

It works with EURUSD only. We have a total return of 24.1%. An average monthly gain is 11.4%. The maximum drawdown is -3.8%. It works with a win rate of 83.8%. The profit factor was 1.48. It has generated 58.4 pips. An average trade frequency is 3.5 deals daily.

Forex Sugar directions
Forex Sugar directions

We may note that both directions are traded almost equally by frequency. 

Forex Sugar magic number
Forex Sugar magic number

It’s noticeable that the first magic number is not profitable, -$50.29.

Forex Sugar daily activities
Forex Sugar daily activities

Tuesday with 39 orders is the less traded day.

Forex Sugar hourly activities
Forex Sugar hourly activities

The system focuses on working during the European trading session.

Forex Sugar monthly activities
Forex Sugar monthly activities

The robot has closed only four deals within 10 days of May 2022.

Forex Sugar weekly activities
Forex Sugar weekly activities

We don’t know a reason for this low trading activity.

Forex Sugar closed orders
Forex Sugar closed orders

The system uses x6 Martingale to make more profits after losses.

Some features of Forex Sugar

We have grouped all important information in the following list to help you with making a wise decision.

  • The robot can help us with trading our orders automatically.
  • It removes human emotions from trading.
  • The system is based on a price action strategy.
  • It works also with a Grid plus Martingale combo.
  • It uses various indicators to work with the current market.
  • The system works 24/7 seeking trading setups.
  • We can get started pretty quickly.
  • It works with dynamic stop loss and take profit levels. 
  • The system doesn’t like working during periods of high volatility.
  • There’s a news filter applied not to trade them.
  • We can customize it if we know how.
  • The developers don’t recommend us to work with small and fixed SL and TP.
  • The system is featured by broker protection that hides SL and TP levels.
Total return24.1%
Maximal drawdown3.8%
Average monthly gain11.4%
DeveloperN/A
Created, year2019
Price$149 and $559
TypePrice Action, Grid, and Martingale
TimeframeN/A
Lot sizeN/A
LeverageN/A
Min.depositN/A
Recommended depositN/A
Recommended brokersN/A
Currency pairsEURUSD
ECNN/A

Main things to consider if you invest with Forex Sugar

The robot can recover after losses

A Martingale feature allows us to keep our account profitable after losses. Anyway, this increases risks and requires much more margin to keep orders on the market.

Trading results

The advisor works on a real account profitable.

Official Forex Sugar website

The presentation doesn’t look pretty informative. It lacks backtest reports to understand if the robot was properly prepared to work on the live account.

Pricing details

The developer has increased pricing on both packages. A pack with a single license costs $149 instead of $375. If we want five licenses we have to pay $559 instead of $999. We can work with any number of demo licenses. The developers decided not to provide us with a refund policy.

Other notes

We have no information about people’s experience of using this trading solution. Trading results showed us that the robot can work with Martingale and this involves in high-risk trading.

Forex Sugar Summary

4.7
Forex Sugar EA is an expert advisor that utilizes Price Action events in a Grid and Martingale way. The system works with the price moves to calculate where the market will go in the near future. The presentation includes some information about how this will be done. At the same time, the owners don’t provide us with a refund policy if something goes wrong.
5.0

Functionality

5.0

Reliability

5.0

Strategy

6.0

Price

5.0

Trading Results

2.0

Vendor Transparency

Pros

  • +Trading results provided

Cons

  • -No team revealed
  • -No backtest reports provided
  • -A risky strategy combo of a Grid and Martingale on the board
  • -We don’t have a refund policy
  • -No testimonials written
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