Shark Ultimate - Pip Cop

savasx · 2009-04-07, 01:49 PM

Is there anyone who has used Shark Ultimate EA before ? Some forward test statement would be perfect.

Calculon · 2009-04-07, 02:29 PM

I started trading it live yesterday. Four trades so far, three loosers, one win. All on defaults: SL

70, TP

16Pips. Good, i put it on very low risk.
I´ll keep it live because of the impressing backtest results... let´s wait and see.
My account statement would be of no use, I have the shark mixed up with other robots and manual trading on the same account.
Keep you informed.

Cheers, PK

rfolgate · 2009-07-22, 01:14 PM

I would like Pip Cops to review the Ultimate Shark. It is too expensive for me to get a copy to test.

rfolgate · 2009-07-22, 01:16 PM

Quote:

Originally Posted by Calculon

I started trading it live yesterday. Four trades so far, three loosers, one win. All on defaults: SL

70, TP

16Pips. Good, i put it on very low risk.
I´ll keep it live because of the impressing backtest results... let´s wait and see.
My account statement would be of no use, I have the shark mixed up with other robots and manual trading on the same account.
Keep you informed.

Cheers, PK

Please let me know how you do on the Shark and the settings to use Thank You

Calculon · 2009-07-23, 01:56 AM

Quote:

Originally Posted by rfolgate

Please let me know how you do on the Shark and the settings to use Thank You

well, the Shark was a failure up to now. I´ll get some numbers for you, when I´m back home later.
Last week they released a new version. I still have it on with lowest risk. The backtests look even better than the old ones.

regards, PK

rfolgate · 2009-07-23, 06:59 AM

Quote:

Originally Posted by Calculon

well, the Shark was a failure up to now. I´ll get some numbers for you, when I´m back home later.
Last week they released a new version. I still have it on with lowest risk. The backtests look even better than the old ones.

regards, PK

Thanks Let me know The Shark has always fascinated me. They have like 2 years of live results on their website. I did not reralize they came out with a new version. They had a new version come out in March too. It seems to amke money if you can recover form the occasiional drawdown

. The sttings are very important too on the Shark.

Calculon · 2009-07-23, 01:47 PM

OK here we are:

Started trading 02.04.09; had 73 trades, 53 winners, 20 losers, gave a -387,9pips loss due to the bad risk/reward ratio...

Release 02 had 2 trades, both winners, +16,6pips, one trade running, currently down 45pips. So, seems the new one is in good company (no, I won´t judge it yet - will keep it on)

Cheers, PK

P.S.: all live on Alpari UK penny account

rfolgate · 2009-07-23, 01:50 PM

thanks bud for the update, yeah the old version was no good, well the new one could be ok Keep me in touch with it

rfolgate · 2009-07-23, 01:51 PM

Alpari Uk seeems to be the best broker

but they won't take US citizens any comparable brokers

Calculon · 2009-10-28, 02:15 PM

Quote:

Originally Posted by Calculon

OK here we are:

Started trading 02.04.09; had 73 trades, 53 winners, 20 losers, gave a -387,9pips loss due to the bad risk/reward ratio...

Release 02 had 2 trades, both winners, +16,6pips, one trade running, currently down 45pips. So, seems the new one is in good company (no, I won´t judge it yet - will keep it on)

Cheers, PK

P.S.: all live on Alpari UK penny account

OK, that´s it for me and Shark... yesterday morning (gmt+1) it was the second time the robot kept on opening long trades and closing them instantly. Between 9:30 and 9:47 it did 107 trades. All loosing of course (spread plus a little).
I was´nt there to shut the bit** down and it cost me 15% of my account.
I tried to contact ForexEASystems for an explanation, they did not even react

.

Hands off this thing, it has some serious logic problems in quick down moves!

DANGEROUS

!!!