Sirius EA is a Forex EA that works on the Metatrader 4 platform and deals in 12 different currency pairs. As per vendor claims, this robot has shown huge potential during its few months of live trading. Whether it truly is a reliable system can be determined only after a detailed assessment of its various performance aspects is carried out.
How Sirius EA Robot Works
The vendor has provided us with a brief introduction of the Forex robot on the official website, while also saying a few words about its performance and the company’s objective. After that, the main features have been highlighted, and the link to a live trading account on Myfxbook has been shared. We also have a video telling us what the system is all about. Finally, there are the pricing details, contact details, and explanations for each currency pair this robot trades in.
Sirius EA has been developed by Celestial Trading Tools, a company that has also built a robot known as Dynamic EA. This company is based in Beachmont, Kingstown, Saint Vincents and The Grenadines, but we know nothing about its history. No physical address has been provided on the website, and we don’t know who the people working behind the scenes are.
Since this system is able to trade on autopilot, you don’t need to manually intervene while trading. This is why both new and experienced traders can work comfortably with this robot. It has a dedicated customer support team and is capable of trading 24 hours a day, 5 days a week. You can easily install the software without any external help, and it has optimized default settings that negate the need for any additional customization.
The risk and money management features of this EA ensure you don’t exhaust your account by suffering from consecutive losses. It trades in pairs like AUD/JPY, AUD/USD, EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CHF, USD/CAD, NZD/USD, and NZD/JPY.
On the official website, no explanation is provided for the trading strategy used by the robot for extracting profits. It is mentioned that the system uses multiple indicators, but we don’t know what they are. We think the vendor should have provided some technical details on the strategy, as this would have allowed us to gauge the robot’s profitability with greater accuracy. The lack of strategy insight might be taken as a red flag by most Forex traders.
This disappointment is compounded by the absence of backtesting data. Backtests are considered vital for any Forex automated system, since they reveal important performance parameters like relative drawdown, profitability, profit factor, consecutive wins, and losses, etc. It becomes extremely difficult to judge the efficacy of the robot in the absence of backtesting and trading strategy information.
Sirius EA Trading Results
Here is a live trading account for Sirius EA on the Myfxbook website. It has been active since April 7th, 20201, and to date, 668 trades have been placed through it. We can see that the daily and monthly profits are 0.23% and 7.15% respectively, but we don’t know how much total profit has been made, since the vendor has chosen to hide it, along with other parameters like deposits, withdrawals, balance, equity, etc.
This trading account has an extremely high drawdown of 99.83%, and this is enough for any sensible trader to shy away from this robot. The win rate is not too impressive at 56%, and the profit factor of 1.26 is semi-decent at best. Thus, the live trading results do not look like they belong to a reliable Forex EA.
Pricing & Refund
The subscription charge for Sirius EA is £15/month. This gives you access to a raw account where you can start trading with a deposit of £2000. There is no mention of a money-back guarantee for this product.
Although several customer testimonials can be found on the official website, none of them look genuine. It is quite obvious that the vendor has manufactured these reviews and made them look favorable. We were not able to find any user reviews for this system on websites like Trustpilot, Myfxbook, Quora, and Forexpeacearmy.