Forex Sugar Review

Forex Sugar Review

In this post I will review Forex Sugar. This is a fully automated forex trading system that has been developed for the MetaTrader 4 platform. MT4 is available for free from most online forex brokers. With so many brokers to choose from, I have compiled a list of my personal best forex brokers for inspiration.

I would always look for the broker with the lowest spreads and commissions as this can help me to save on trading costs in the long term. Furthermore, ECN brokers can have quick trade execution speeds which could help to minimise slippage and get trades executed at the best available prices with minimal delay.

Forex Sugar Trading Strategy

According to the developer, Forex Sugar robot’s decision-making system is based entirely on smart calculations and technical indicators. As an automated trading system, it will place and manage trades on behalf of the user but this can cause it to be a “rigid” trading strategy.

This automated strategy will not use fixed stop loss or take profit levels all the time, instead it will attempt to utilise the built-in technical indicators to identify dynamic closing prices. One of the most useful features I can see is that it has an option to be deactivated “x” number of minutes before and after minor, medium and major impact news releases. This can help to avoid potentially volatile market conditions.

Forex Sugar Review Robot Parameters
Forex Sugar Review Robot Parameters

The developer states that Forex Sugar is an automated trading system that can monitor and trade multiple trading instruments continuously 24 hours a day. They have also left some of the robot inputs externally available so you can adjust according to your own trading requirements if you wish to do so.

Forex Sugar Back Testing

Whilst there are multiple currency back tests uploaded to myfxbook which can be accessed from the Forex Sugar website, they only have a modelling quality of 90% and do not use real tick data, real spreads, real slippage and do not include commissions. Thus, I would not consider these back tests to be reliable personally and would much prefer the developer to display 99% modelling quality back tests that have been conducted in the MT4 strategy tester with Birts Tick Data Suite.

Forex Sugar Review Back Tests
Forex Sugar Review Back Tests

Furthermore, these back tests are done on the AUDUSD which is not consistent with the current developer account that is running on the EURGBP, NZDUSD, XAGUSD and XAUUSD.

Forex Sugar Live Results

To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

Forex Sugar Summary

There are too many inconsistencies for me to personally consider Forex Sugar. The back tests are not done as accurately as possible and there is no clarity on the recommended currency pairs as they differ from the back tests. I am also not fond of the drawdown shown on the developer accounts which are also only demo accounts.

That being said, those who have the experience and time, could try to optimise this particular forex robot to create their own customised set files. The developer has kindly left the majority of the parameters configurable by the user.

Forex Sugar includes instructions, support and updates. I have conducted many forex robot reviews and there are alternative options you may consider.

Forex Sugar

$99
4

Functionality

3.5/10

Usability

5.0/10

Versatility

3.5/10

Features

  • Fully Automated Trading System
  • MetaTrader 4 Platform
  • Detailed Instructions
  • Full Support
  • Free Updates
  • EURGBP, NZDUSD, XAGUSD, XAUUSD