EA Shark...has anybody heard of it?

[Kraven]

Being new to the Forex market, I have heard rumors of EA bots. I am somewhat tech savvy, and I can tell that most of the products (in terms of their actual coding) are complete garbage.

That being said, a friend of mine (who is a highly successful forex trader) has recommended an EA called EA Shark. The website appears legit, and they programmers claimed the bot has been tested for 9 years on a live account. However, the results of the bot (which are, imo, very good), combined with the lower price tag, has me concerned.

Is anyone familiar with this software? Please let me know what you pros think.

Thanks!

[4xStar]

I havn't tried this either, but checked out the website and it does look interesting. Only $100 for the manual version. If anyone has purchased it please let us know the results. Thanks.

[keydcuk]

Hi All,

I have just got this EA yesterday and am trying it on a demo account. It says it only does about 2 trades a day. It's been a no trade since I put it on but I will keep you posted on this.

Cheers!

keydcuk

[c0ol2]

I've been thinking of getting that Shark EA, dont seem to find much about it. I seen some forward testing statments they seem to have pretty good results. I have my eye on right now on pointbreak 5.0 on demo

[uptick]

Originally Posted by Kraven

Being new to the Forex market, I have heard rumors of EA bots. I am somewhat tech savvy, and I can tell that most of the products (in terms of their actual coding) are complete garbage.

That being said, a friend of mine (who is a highly successful forex trader) has recommended an EA called EA Shark. The website appears legit, and they programmers claimed the bot has been tested for 9 years on a live account. However, the results of the bot (which are, imo, very good), combined with the lower price tag, has me concerned.

Is anyone familiar with this software? Please let me know what you pros think.

Thanks!

youre asking "pros" on a site for novices.. this is called "babypips" for a reason. why ask advice from strangers when "a friend of mine (who is a highly successful forex trader) has recommended an EA called EA Shark" unless you're trying to shamelessly advertise it.

also, you gotta love a company who doesnt even post a tel# or address on their site. LOL. to me, personally, that raises a red flag (when someone doesn't post proper contact information on their site).

never heard of them...but test it properly before you continue. i noticed that their ratio is like 1 winner to 4 losers... so the ratio isnt ideal.

good luck (if youre actually interested in buying this and not just some person pushing their own product). im sure not all EA's are garbage... but you have to do your due diligence. i used to follow one and it eventually broke down big time. so be careful.