Shark EA start with bad result in May.
Anyone who just use Shark EA live in May, will be shock.
In 1st week of May Shark EA just make 7 winning trade and make 6 loss trade. Because the risk ratio of Shark EA is 4 winning trade cover 1 loss trade. So the loss is quite a lot.
March result +309 pips
April result +18 pips
Unlike March and April result, since 1st May it give -147 pips dated 10 May 2008.
So my net profit should be +180 pips since March.
The bad news is, I don't use Money Management in Shark EA.
In March I use 0,1 lot but since April until now I use 0,2 lot.
So the loss in this week make my account balance almost return to BREAK EVEN.
I don't know if the result "Shark 4.0 Ultimate" is same with Shark 3.0
That is Forex, No Holy Grail in Forex.
Let's see next week result, hope will not disappointed like this week.
This is my live statement graphic using Shark EA since March.
As u can see the graphics is down deep to south because of 0,2 lot.
You can download my live statement dated 10 May 2008
Saturday, May 10, 2008
Bad Result in Shark EA
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6 comments:
HUGE DD! 8-0
Anyway, considering the change 0.1->0.2 lots, and March high profit compared to April too, this shold not come totally unexpected. In my mind these are not so bad results, I feel optimistic for a better month's end!
Thanks for sharing your tests! please continue update your blog, this is a really precious work for all!
I'm also going to buy this EA for testing purposes, but i've sent lot of mails to forexeasystems.com asking for login details to their public account, with no answers because of "delivery error" on all the email addresses and i'm a bit frustrated for no answering on Yahoo IM too...
Maybe this is just my connection problem, but that's not a good beginning... :-(
Did you experienced any troubles in communicate with them? Can you kindly provide a better contact or login details?
Many thanks for your support!
The reason in the bad result is because you don't use the money management. Also I guess you didn't set a stop loss?
Another thing is that maybe you use M1, M5, M15? Better use H1 instead if you're not.
Hi Iyvyo, thanks for your kind words. About the support, I experience bad support too.
My experience is, if I ask about technical problem, they will reply within 3-4 business day. But if I ask about other things. Sometimes they don't reply at all.
Here is the last login detail
Login: 5210127
Server: mts06.fxdd.com:443
Password: klm165
When u see the statement, you will see demo result have different result with my live result.
Hi anonymous,
U r right I don't use money management.
I think u should know, Shark EA has fix TP and fix SL and only work in M30 time frame
i just build my own ea... in this week would be finished......
i hope its can make money....lol
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Hi duyduy
many thanks for your prompt answer and info!
Finally today i've received answer from Willie Lim @ pointbreakea.com with the same login details.
I'll take a look, and continue follow your blog!
All the best!
i can't love it it's like you were nailed it with this last remark ;)
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