Sirius is an EA that promises huge return potential with its dependable results. Developed by Celestial Trading Tools (CTT), this FX robot is designed to deliver stable profits for the long term. CTT has another product, Dynamic EA which is similar to this FX EA except for a few minor differences in the features. There is not much info provided about the company like its founding year, location, and developer team. Contact options include an email address and a WhatsApp number.
When it comes to choosing the right expert advisor, there are many aspects that you need to consider. The trading approach and results, backtests, vendor transparency, and user reviews are some of the key criteria that you should look into. But with the numerous FX robots in the market, it is impossible to analyze every system separately. Fortunately, we make your task easier and effective with our list of the best FX robots. Have a look at our best Forex robots list to decide which suits your trading style better.
Sirius EA Overview
As the second product of CTT, this EA is introduced as a potentially profitable system that provides clients with successful returns. As per the vendor, the development is based on the market expertise of the developer team at CTT. The website provides only a bare outline of the FX Robot without delving into important details like the strategy used and its working mechanism. Here are the main features of this MT4 tool:
- Automatic trading with 24/5 support
- In-built money and risk management
- Simultaneous trading on multiple pairs
- Enhanced trade settings without the need for customization
- Easy installation
As with the Dynamic EA, this CTT product is also priced at £ 15 PCM. With the purchase of this ATS, you can trade 12 currency pairs. The recommendations provided by the vendor include the use of a 0.01 lot size for £2,000, which is the minimum deposit suggested. A raw account is needed for this EA. The vendor assures 36.29% returns with this FX Robot. Compared to the prevailing prices of FX Robots, this EA is affordably priced. But there is no refund offer provided, which makes us suspect that this is not a trusted system.
How it works
As per the info provided on the site, this EA performs market analysis and delivers expert trading advice. With the settings you choose, this MT4 tool executes trades by waiting for a breakout to trade the continuation.
As we mentioned earlier, there is minimal info provided about this EA and there is no mention of the strategy used or an explanation of how the FX Robot chooses the right trades. Other than mentioning breakout and continuation trading, we could not find any details on the trading approach. Since the strategy forms a key deciding factor in choosing an FX EA, the absence of explanation raises a red flag.
Live trading results with the track record and trading privileges verified by the myfxbook site are present for this ATS. Here are screenshots of the trading details:
From the above screenshots, the real GBP account using IC Markets broker and the leverage of 1:500 shows a loss of 81.13% and an absolute loss of 44.05%. The drawdown value is 99.92% and both the daily and monthly values reveal losses. Not surprisingly, the account does not reveal details of the balance, equity, profit, deposits, lots, and other pertinent info like the trading history. While the whopping drawdown indicates a bad performance, the hidden values further confirm that the approach used is downright risky.
We found user reviews for CTT on the Trustpilot site. There are 141 reviews posted with a poor rating of 2.2/5. About 50% of the responses are negative. Here are a few screenshots:
From the above testimonials, we can see that this is a scam EA that leads to huge losses. The feedback also complained about the bad customer support. The reviews only serve to confirm our suspicions that this is not a trustworthy company.