Forex Robots

Shell Forex EA Review: New Forex Robot That Works With High Risks On a Real account

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Shell Forex EA

Shell Forex EA is a trading solution that was published on the market in December 2021. So, it can be treated as a young solution. The pre doesn’t look trustworthy and lacks much intel about details, features, and advisor’s behavior. The advisor focuses on the safe ways of making profits.

Shell Forex EA strategies and tests

We’d like to note the following features that allow the system to work well on the market.

  • We can execute orders on the terminal completely automatically, using this system.
  • The advisor doesn’t use such risky strategies as Martingale or Grids of orders.
  • The system isn’t sewed to any broker house.
  • We can expect to get updates and upgrades when needed.
  • The money-back guarantee is conditionless.
  • We can get the system deployed pretty easily.
  • It can handle various market conditions.
  • We can open orders on MT4.
  • We have tested and proven set files.
  • There are three levels of risks: low, medium, and high return.
  • So, that information is delivered without explanations.

Alas, the developers decided not to share backtest reports that were received after testing the system on the past tick data. We don’t know what broker is the best for trading, win rate, drawdowns, leverage, profitability, and much more.

Shell Forex EA trading account review

We have an account that was created on December 22, 2021. The devs decided to deposit it well. So, it’s hard to predict how long it will work acceptably on the real market.

Shell Forex EA trading results on Myfxbook

Shell Forex EA trading results on Myfxbook

The robot has been working on a real FBS-deployed account with 1:200 leverage on the Metatrader 4 platform. The account has a verified track record. It was created on December 22, 2021, and deposited at $11,070. Since then, the total gain has become 171.66%. The maximum drawdown is 44.09%. It’s a completely unhealthy number. The actual trading results are tracked by 8 people.

Shell Forex EA statistics on Myfxbook

Shell Forex EA statistics on Myfxbook

Shell Forex EA has traded 193 deals with 2792.0 pips. An average win is 25.17 pips when an average loss is -19.75  pips. We have a win rate at 75-77%. An average trade length is a day. The profit factor is 3.61.

Shell Forex EA directions on Myfxbook

Shell Forex EA directions on Myfxbook

Trading is possible on six cross pairs: AUDUSD, EURAUD, GBPAUD, GBPJPY, GBPUSD, and USDJPY. Most of the profits were obtained on AUDUSD – $5755.

Shell Forex EA hourly activities

Shell Forex EA hourly activities

The advisor trades two sessions, skipping American and Australian ones.

Shell Forex EA daily activities

Shell Forex EA daily activities

We don’t know a reason for Friday to be that much traded.

Shell Forex EA risks

Shell Forex EA risks

The risks are moderated. So, the robot has to lose 15 deals in a row to lose 10% of the balance.

Shell Forex EA closed orders

Shell Forex EA closed orders

The advisor works with a Grid of orders strategy, grabbing 3-8 deals in one Grid depending on the market conditions.

Shell Forex EA monthly activities

Shell Forex EA monthly activities

The system provided big profits in January 2022.

Pricing

We have a simplified offer provided. The devs released the site and robot without an offer at the beginning. The offer is available for €49 only. It’s affordable pricing compared with similar Grid solutions on MQL5. We are allowed to pay only via PayPal or BTC. Alas, the offer isn’t supported by a refund policy.

Is Shell Forex EA a good system to rely on?

We don’t know. Time will show. The advisor has to work for half a year or so to prove that a Grid of orders strategy works safely.

People feedback

A page of Shell Forex EA on Forex Peace Army

A page of Shell Forex EA on Forex Peace Army

Shell Forex EA has a page on Forex Peace Army. Alas, the profile is empty. There are no trading accounts connected and no testimonials written.

Shell Forex EA

6

Shell Forex EA is a Grid of orders based system that has been working on a real account since December 2021. The presentation is short and not informative. The advisor needs to work on a real market for half a year to provide us with more information on its trading results.

  • Trading results provided
  • An affordable offer provided
  • No team revealed
  • No strategy explanations provided
  • No settings details shown
  • No backtest reports provided
  • The advisor works with high risks
  • No refunds supported
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