Shell Forex EA is an expert advisor that was designed and released on December 23, 2021. The presentation includes 2-3 pages with almost no explanations about how the system is going to make profits on the market. Can we expect something viable from it? The devs claimed “The simple and safe way to make profit with Forex.”
Now, the pricing appears. We can purchase a copy of Shell EA for €49. We can pay via PayPal or BTC. Both ways don’t support a refund policy. So, this purchase is final. Also, we would like to note that there are no package details explained.
Shell Forex EA trading strategy
- There’s no Martingale strategy applied.
- The advisor doesn’t use risky strategies like a Grid of orders or Arbitrage trading.
- The presentation doesn’t make it clear about what strategy the robot uses.
- We can work with AUDUSD, EURAUD, GBPAUD, GBPJPY, GBPUSD, and USDJPY.
- Details about time frames aren’t revealed.
Shell Forex EA Features
The presentation includes details about the robot in general and a bit about the system behind it.
- The system can execute orders on a terminal automatically letting us do whatever we want.
- So, this saves so much of our time during the day.
- “We back you up with all the necessary trade features.”
- It isn’t sewed to any broker.
- The system will be receiving updates and upgrades when needed.
- We can try on “unconditional refunds.”
- It’s an easy-to-use trading solution.
- It fits market conditions automatically.
- It can be used on MT4.
- The system has “tested and proven set files” applied to make our trading experience better.
- We can work with various risks: low, medium, and high return.
- We don’t know how much percent these risks are.
- The installation process can take several minutes.
Shell Forex EA backtesting results
We have no backtest reports provided. It’s a con because the system was tested before release. It’s the most common activity any dev has to do. So, there should have been something that the devs don’t want to reveal.
Shell Forex EA live trading results
Shell Forex EA was set to run a real USD account on FBS with 1:200 leverage. The advisor executes orders automatically on MT4. The account has a verified track record. It was created on December 22, 2021, and deposited at $11,070. The total gain is 112.11%.
The advisor traded 148 orders with 2012.2 pips. An average win is 21.64 pips when an average loss is -14.42 pips. An average trade length is 21 hours 19 minutes. The profit factor is 4.62.
We can see that the advisor trades AUDUSD, EURAUD, GBPAUD, GBPJPY, GBPUSD, and USDJPY. AUDUSD (37), EURAUD (32), and GBPUSD (33) are the most traded pairs.
The most traded sessions are Asian and European.
We are surprised that the system is that active on Friday.
The system works with medium risks to the balance.
The advisor uses huge Grids of 5+ orders. This pressures a margin level so much and it’s risky.
The robot is profitable in 2022 so far.
Shell Forex EA reputation
There’s a profile of Shell Forex EA on FPA. Alas, the profile is empty without testimonials and trading accounts.
Shell Forex EA review summary
- Strategy – score (4/10)
- Functionality & Features – score (5/10)
- Trading Results – score (5/10)
- Reliability – score (4/10)
- Pricing – score (10/10)
Shell Forex EA is a just-released trading advisor that uses a risky Grid strategy with many orders. If the market goes in the wrong direction, this Grid will eat 30% of the account within a day. The devs don’t support a refund policy. We have no testimonials written to see if the site works well on clients accounts.
