Shark Ea

[elektrance]

Originally Posted by oilfxpro

Electrance

I have tested over 100 systems and conducted over 1,000 backtests.
I have never found any system with a risk reward ratio of less than 1 to 1 to be profitable.Shark takes a risk of 4 and a reward of 1 .Everytime there is a losing trade u need 4 winning trades to make up losses

OILFXPRO

Absolutely true Oilfxpro, but this is the only EA that ever survived to a 9 year backtest with insane profits, so it seems flexible in any market condition. A new version is coming up, I am willing to test it...

[elektrance]

The version Build 02 of the Shark EA whcih was released a couple of days ago is even stronger! Amazing job! Shark is now winning an average of 87% of all trades.

[scorpion]

Originally Posted by oilfxpro

I have tested over 100 systems and conducted over 1,000 backtests.
I have never found any system with a risk reward ratio of less than 1 to 1 to be profitable.Shark takes a risk of 4 and a reward of 1 .Everytime there is a losing trade u need 4 winning trades to make up losses

Risk/reward in trading is not linear. 4:1 ratio doesn't mean it's a bad thing. A reversed 1:4 doesn't mean that it's a good thing. I've done a lot of backtesting and forward testing too, and didn't find risk/reward ratio any good except one thing: you can use it as a marketing gimmick to lure system buyers. I'm not saying Risk/Reward is bad. It's just you can't use it alone to judge a system. 4:1 ratio would have a different meaning if the average consecutive winners is 4 or more and average consecutive losers is 1. That's just a simple example.

A lot of people refer Risk/Reward to the setup of SL/TP. The bigger the SL, the higher the risk they perceive. I think that's just plain wrong. You can't get Risk/Reward ratio by just looking at SL/TP. You have to forward test or at least back test it with good data. And then compute the Maximum Adverse Excursion (MAE) and Maximum Favorable Excursion (MFE). For me, Reward/Risk Ratio or Edge Ratio = MFE / MAE. The higher the MFE, the higher the reward. And the higher the MAE, the higher the risk.

And in fact, the setup of SL/TP should be done according to the value of the MFE and MAE. It might help your system bank in the maximum profits and at the same time suffer minimum losses. Many traders miss this crucial point and jump directly to lowering SL and increasing TP thinking they've just increased their chances of getting more money, only to find out later that the number of losing trades has increased five-fold.

[duyduy]

I will see July result, Is still perform bad, I'll change the EA..

[sonoio]

I contacted Forexeasystems to receive the login data for the public account.

Login: 5474260
Server: mts06.fxdd.com:443
Password: shark11

Note: They change the password from time to time.

Actual statement enclosed.

Happy trading

[jebigabre]

I was going great with it until a few months back. Hope it recovers - I really like this EA

[internetguy]

Originally Posted by elektrance

Absolutely true Oilfxpro, but this is the only EA that ever survived to a 9 year backtest with insane profits, so it seems flexible in any market condition. A new version is coming up, I am willing to test it...

hehe, the only EA that ever survived to a 9 year backtest?
have you seen my EA before judging?

[oilfxpro]

Originally Posted by sonoio

I contacted Forexeasystems to receive the login data for the public account.

Login: 5474260
Server: mts06.fxdd.com:443
Password: shark11

Note: They change the password from time to time.

Actual statement enclosed.

Happy trading

SOME NEWBIE WILL DEFINETLY BUY IT AFTER BELEVING THAT