Profitable EA

Hey all,

Just a quick review of a profitable EA which a friend is using. The SHARK EA by ForexEaSystems, is a great little EA.. Although the R:R ratio is not entirely ''safe'' (it turns out to be 4 wins : 1 loss) the hit rate is high enough to cover any losses.

The EA according to its creators is based on 12 indicators, pivot points and fib lines. Although i haven't been able to confirm it.

Only a total upside down turn of the market (maybe 5 months of fundamental volatility) would wipe it out. On my journeys doing due diligence on this EA. I have not found one non profitable case.
The worst results have been reported on interbankfx, I would say this has to do with their excessive feed smoothing and price averaging.. This would effect the EA, as well as their ridiculous spread increases. But the users using this EA there are still managing to profit from it.

The EA has been working exceptionally well at fxoceania. And I will be using it in a months time on a live account.

For more Info on the EA please refer to http://www.forexeasystems.com/EA%20Shark%20Ultimate.htm

There is a live statement from the creators there, I think using a higher risk setting, although impressive never the less.

So if you decide to purchase this EA, I am sure you will encounter no problems using it at FXopen.

My recommendation for this is to start with a 2k account size, and trade 2-5% risk level.