Sweet Profit Robot has a several page presentation that includes little information and link on its 3rd-party verified account. The robot has a High-Profit Ratio. It is compatible with all market types and all currency pairs.
Next, we see a fake rate. Clicking on it, we’re going on the site template.
Let’s try to group all features up in the list:
- Sweet Profit Robot is a fully automated trading software.
- It works on the MT4 platform.
- It uses technical analysis based on algorithms that get info from indicators.
- The robot works with any market condition.
- It can be run on any chart.
- There are built-in filters that help to avoid bad market conditions.
- The money-management system calculates Lot Sizes for all deals according to our preferences.
How to start trading with Sweet Profit Robot
For getting started, we have to do the next steps:
- We have to get a real account.
- We have to set leverage at 1:500.
- We have to fund it at at least $100 or more.
- We have to open only one chart.
- We have to buy a copy of the product.
- We have to apply the robot only to one chart.
- We have to run it with the default settings.
- We may want to run it on VPS because of the stable internet connection.
Sweet Profit Robot is introduced in two packages: Standard and Premium.
The Standard pack costs $100 monthly. We’ll get one license for a demo or real account. So, we’re not allowed to trade on the real account and to test at the same time. For $170 monthly, we can expect to receive two licenses for a mix of real and demo accounts.
The vendor didn’t provide backtest reports for us to check how the EA handled data from previous periods.
Verified Trading Results of Sweet Profit Robot
We’ve got a real USD account on the FBS brokerage company. The robot uses technical indicators and works automatically without the owner’s interventions. The leverage was chosen as the maximum one – 1:1000. The EA performs on the MetaTrader 4 platform. The account has a verified track record. It was created on September 03, 2020, and funded at $5000. The last update on this account was on October 30 at 4.21 p.m. Now, this account is dead. For several weeks, the absolute monthly gain has become -99.90%. The maximum drawdown was -99.97% too. When everything was good, the account reached over 20 followers. As we can see from the chart, the EA zeroed it not so far ago.
The spike of drawdowns happened on September 28, 2020.
There’s no luck for it in October and November.
The EA traded 217 deals with -593.4 pips. An average win was 15.22 pips. An average loss was a bit higher (-29.56 pips). Totally, there were 276.4 lots traded. The win-rate for Longs was 59%, for Shorts – 60%. The average trade length was up to 8 hours. The Profit Factor was less than 1 (0.84).
The robot works with seven symbols. The most losses occurred on the GBP/AUD (-$15208.26).
The EA trades the end of the Asian session, all hours of the European session, and the opening of the American session.
Most trades were opened on Tuesday and Friday.
There are high chances the EA worked with high risks.
The EA put several, Grid plus Martingale, trades without Stop Loss levels, and has lost all of them.
It’s how the EA has started trading. It was a smoother experience.
The first month was the last one for this EA.
The robot has no feedback on the Forex Peace Army. Its real account was connected to this profile.
Is Sweet Profit Robot a viable option?
No, it’s a scam. It started ok, but now, the EA has zeroed the account. So, nothing from $5000 has left. Who wants this for his or her real account? No one.
This robot finished its life, having zeroed the $5000 balance for three days. All the deals were opened without SL or with an insane number of SL levels’ pips. These deals, highly likely, were closed not by EA but by the broker after the account reached Stop Out level and couldn’t support open deals. It tells us the story of the bad design of this EA.