forex ea shark 5.0 ultimateHello, Jack here.

From all traditional Expert Advisors that I have asked our readers and subscribers for the last months which Forex Robot they’d like us to test.

Shark Ultimate EA has been one of the most requested one.

Note: This is a review, No fluff, no filler – Just what you want and NEED to know before purchasing.

Click Here to Visit EA Shark 5.0 Ultimate Website.

First of all, What Exactly is EA Shark 5.0 Ultimate?

Forex EA Shark 5.0 is the ultimate intraday trading machine for the currency pair EUR/USD. For a human trader it is impossible to watch 12 indicators, pivots, fibs and support and resistance levels on multiple timeframes and make a trading decision within half a second.

Forex EA Shark 5.0 Ultimate uses multiple timeframes, 12 custom indicators, Fibonacci, Pivots, Support and Resistance levels for the trading decisions.

Every trades is secured by a fixed Stop Loss (with the initial order). The recommended risk per trade is 1 – 3 %.

My Experience With Forex EA Shark 5.0 Ultimate

I am pretty surprised to find so many critical reviews on the net. Specially as the critic comes from traders who don’t use the system.

Personally I use the EA SHARK since one month on my real account and I am very satisfied with the returns. The last year’s result shown that the system executed 31 trades. 28 winners, 3 looser. That represents a winning rate from a bit more then 89%.

As many other I bought a lot of Expert Advisors before to find out that they don’t work. The EA Shark is so far the only system what works as advertised.

forex ea shark 5.0 ultimate review

Execution of EA Shark Ultimate has started on February 12th, 2009 on
demonstration account with FXDD with a initial balance of 10′000 $.

Click Here to Visit EA Shark 5.0 Ultimate Website.

The Good Points

  • Tested Back to 1999
  • Currently Being Used on Live Account Since January 2007
  • Low Risk EA 1 – 3 % per Trade
  • Winning Strategy with Proven Results
  • Built in Money Management
  • Constant and Stable in Any Market Condition

The Bad Points

  • The system has rather strong protection feaures and I had a hard time with the activation and using the strategy tester.

Last Word

I’m strongly advise to test, test and test for AT LEAST 1 month to understand the characteristics of the Expert Advisors before making the decision of trading them with real money.

Note: Alex, the developer of Shark told me about future update:We already worked out a new build for the EA SHARK. The new will use fundamental data as well to make sure the system do well even during periods where we have very difficult trading conditions.:)

Click Here to Visit EA Shark 5.0 Ultimate Official Website.

Filed under: EA Shark

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