Sirius EA aims at providing consistent results with fully automated trading that works 24/5. The robot can make an adequate return on your portfolio, but it comes at the risk of margin calls. From observing the statistics on the website and contrasting it with those on Myfxbook, we can uncover the actual performance of the bot.
Features
The robot has the following features coded in its algorithm:
- Fully automated trading that works 24 hours, five days a week.
- Built-in money and risk management that ensures not to put additional risk on your portfolio.
- Optimized default settings and ability to work on multiple currency pairs all at once.
- Automatic stop, loss take profit, and trailing stop functions.
- No experience or customizations are necessary.
Strategy
The service providers do not provide much information about their product on the website. Still, from their Myfxbook records, we can deduce that the robot uses a day trading approach with an average trade duration being 16h and 51m. It trades on more than ten currency pairs. We can deduce that the robot does not work with a stop loss and uses martingale or grid trading strategies from the separation between the equity and balance curves.
There are also substantial drawdowns which we will discuss later on in the article.
How to start trading with Sirius EA?
The website has conflicting information about their price point. At one place, they mention contacting their team for learning the costs, while at other they require 15 Euros pcm for an account of 2000 Euros.
The Celestial Trading Tools web page indicates that they do not send over their expert advisors to clients. Instead, you have to send over your MetaTrader credentials to them. Then, they will use trade copying or place the robot on the chart for placing trades on their own server. They accept raw accounts with GBP as currency.
Backtests
There are no backtesting results available for Sirius EA. This is extremely poor for a service that demands a huge amount of capital for its services. Furthermore, without any accurate backtest results, we can not determine the algorithm’s performance under various stressful conditions.
Verified Trading Results of Sirius EA
Celestial Trading Tools promise a monthly return of over 30% with their robot. From their Myfxbook records, the story is quite different. The robot only made 6.18% in February 2021, 6.51% in March 2021, and only 2.49% in April. It had an average win ratio of 58.5% and bagged 4138.4 pips. The risk-reward ratio hangs at 1.71. The providers hide most information like trading history, average win/loss, best and worst trades deposits, and withdrawals. This is probably in a bid to mask the poor performance of the robot. The drawdown on the system is super high, which stands at 43.40%. You are risking half of your money for pesky gain.
Customer Reviews
Customer reviews are available on TrustPilot, which shows many negative responses for the robot. There are a total of 142 reviews which give a rating of 2.2 for the system. The users state that they lost a considerable proportion of their trading capital over a short period and to stay away from the service.
There are no reviews on Forex Peace Army. However, there is a general discussion about having a bad experience.
Is Sirius EA a viable option?
Looking at the customer reviews and the trading records on Myfxbook, Sirius EA is not a good option for anyone. However, if you still want to invest, then be prepared to lose all of your money at any given time.
Advantages
- Verified records available on Myfxbook
Disadvantages
- The drawdown is high in contrast with the gains
- There is no information available on who commands the system
- The customer reviews are super bad
Conclusion
There are tons of robots in the financial industry that promise 100% return in a short period. However, with no reviews on the forums or verified records, it is impossible to know if those algorithms work. Sirius EA comes with all the requested statistics, and they all point that the expert advisor is useless.
