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Tested Result: 412 pips
Forexeasystems: EA Shark
 

Updated: November-2008

Profitable: 7.5/10

Easy To Follow: 5/10

Honest Result: 7/10

Support: replies in 72 hours (tested by 3 emails)

Bonus Value: 0/10

Results: 4.5/5

The Good: Results really amazed me. hats off...

The Bad: Hard to activate and backtest.

 
 

REVIEW: Today upon numerous requests from my readers I would like to review the EA Shark 4.0 Ultimate by ForexEasySystems. First of all, the system has rather strong protection feaures and I had a hard time with the activation and using the strategy tester. However finally I was able to perform a backtest on history of this EA.  Results really amazed me. Take a look here.

System is based on signals of several standard indicators such as: MACD, Stochastic, SAR, Momentum and it uses fixed stop loss. Some people say that I am too critical in the estimations of forex systems and most of my reviews here are bad.  Yes, I am critical because it is my work to give the unbiased honest review. However I have nothing to say bad about this unique EA Shark and its creators. Well done, guys! hats off...

Update August 2008 Today great dude Mark Larsen recorded his video review on EA Shark. Watch it here on VIDEO PAGE. The vendors told us they develop new website.

Update Oct 2008 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.
Forward testing is almost finished. As soon the new build is available you will receive it automatically. (1, max 2 weeks) There will be also 2 new EA available.

Update November 2008 Alex released a new SIGMA EA. Click here to visit Sigma webpage Well.. Results Look Promising. You can watch it here. Backtest Results

Update March 2009New version EA Shark 5.0 ULTIMATE was released which has higher accuracy!