EA Shark has a tested accuracy of around 88% which is not as accurate as MegaDroid. However, it trades in similar manner as the MegaDroid and good pretty good result in long term conditions. It gets in and out of trades usually within 2-3 hours. Account would be left in drawdown normally. On average, EA Shark trades more often than other robots, with 88% accuracy, we would say this is a pretty good one.
Same as Forex Autopilot, the service response comes quite slowly, at least it feels that way, especially when you have your money risking at the month of the Shark. Nevertheless, they do have a support hotline and email support that are answered by real people. One of the biggest drawbacks we think is that the purchase does not guarantee a refund. Nowadays online products are almost 100% refundable. We don’t know what their marketing strategy is but they chose that way. Maybe that’s why they put up so many live trading results on their sales page.
The setup of EA Shark is easy. We got it done in 5 minutes. It comes with instructional documents too. As long as you have some sort of forex trading experiences, that would be rather straightforward. Again you should always back test your settings before betting real money and avoid days around big events like significant news or holidays.
EA Shark trades Euro US dollar pairs. It refers to a number of famous indicators including the moving average convergence divergence, a complicated stochastic model, momentum and stop and reverse. One thing that may sound trivial but important is that it does use stop loss. Some robots out there create “no loss” result simply but preventing itself from closing a lost trade. That way it would never really lose but that severely undermine the user’s capital.
We run a robot comparison on several popular forex trading robots over a period of one and a half years and found that EA shark did not give a result as effective as other competitors but the kind of no-big-fall steady growing trend is pretty promising. And as we saw from the long term back test run by the owner, long term performance of EA Shark can be very versatile.
In 2009 April, EA Shark 5.0 is released which has good improve on the accuracy making EA Shark an even better EA product.
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