Which trading platform is required for this Expert Advisor (EA)?
Only Metatrader-4 (MT4) terminal.
Can I trade with Forex Sugar on MAC?
Forex Sugar works only in Metatrader-4 (MT4) terminal, and MT4
is created for Windows only. But you can use VPS service to use MT4 and Foerx Sugar
with MAC OS without any problem.
Can I use Forex Sugar EA with other Expert advisors in same
account?
Yes, Forex Sugar uses Magic number. With the help of Magic number
it recognizes it's own trades and doesn't interfere in other trades in your account.
Can I use this EA with any broker?
Yes, this EA can be used with almost all forex brokers, who
provides Metatrader 4 (MT4) platform for trading. You will get good results if your
broker has following specifications:
Stoplevel/freeze_level should not be more than 10 pips(points) on 5-digit broker. What is StopLevel: In MetaTrader, the
freeze_level/SopLevel is the minimum distance in pips, measured from the current
spot price (Bid/Ask), to be attained to trigger a temporary ban on modifying, deleting
or closing the orders, which are near to execution. Thus, a pending order, which
is away from the current market price at a distance equal to or within the freeze_level/SopLevel
, cannot be modified, deleted or prematurely closed.
Spread should be tight,
i.e. should not above 10 pips(points) in 5-digit broker.
My broker doesn't allow hedging. Can I still use Forex Sugar
EA?
Hedging is must for this EA
Do I need to have any particular account type for this EA?
EA works well with all account type like Cent, Micro or
Standard.
Do I need VPS for this EA?
If you have fast computer with all time internet(24 hours),
then you don't need VPS.
If your computer is OFF or internet got disconnected then EA stops working. Your
computer and internet must be ON all trading time.
Which Account leverage is recommended for this EA?
It can work with all kind of Account leverages. We recommend
higher leverage like 1:500.
Does spread impact on the working of the EA?
Tight spread is always good for the working of any EA. Zero
or low spread with commission will also work well.
Which currency pairs can I trade with?
You can trade almost all major currency pairs with this EA,
but good results can be seen on EURUSD.
What Time Frame is recommended for this EA?
M1 (Minute 1).
Does EA use Stop Loss & Take Profit?
Yes, EA is using SL & TP.
How to install Forex Sugar EA on Metatrader 4 terminal?
Whats are the best & optimum settings for Forex Sugar EA?
This EA is already optimized for best results. You can use it
with it's default settings.
Is this EA customizable?
Yes, EA is well customizable by the user. We have given access
to you for all important parameters. You can see their values and can change at
your end, although all defaults values are already optimized for profitable results.
On an average you may get approximate 5-10 trades or more in a day. But it is not
a fix figure, you may get more or less trades, it totally depends on spread value
and price movement. Sometimes its inbuilt indicators may have many buy/sell signals
and sometimes there may be no signal for a day.
What is minimum capital requirement for this EA?
Minimum recommended for a standard type account is $1000 with a leverage of 1:400
or more. But if you want to trade below USD1000 then we suggest to use cent account.
What is trading strategy of the EA?
This EA does scalping on grid pattern, with the use of some
technical indicators and mathematical calculations. For more information about its
strategy and working, please have a look on main page
www.forexsugar.com
Will I get updated versions FREE in future?
Sure, Updated / enhanced versions of the Forex Sugar EA will
be provided to all clients FREE of charge.
Do I need any special knowledge of the Forex market etc. to
use this EA successfully?
No, you don’t need to have any exceptional knowledge of the
Forex market to use Forex Sugar.
We will help in all processing of installing & setting up the Forex Sugar EA in
your MT4.