Forex Expert Advisors : Forex Shocker an unbiased review

Today I will continue on my latest series of expert advisor reviews which as you know are all experts I have found either through the suggestions of my readers and subscribers or through searching the internet for expert advisors. This post will focus on the review of the Forex Shock expert advisor which I actually found through google (as we do most things).

At first glance, the forex shocker website seems like the way in which an expert advisor website should be structured, almost no marketing gibberish and just the testing evidence we need to evaluate if the system is profitable or not. Then, when I started looking with a little bit more depth at the actual trading statements of the forex shocker I was (not surprisingly) not shocked.

It would appear when you first look at all the trading evidence that the forex shocker is actually a very well documented and tested expert advisor but the next thing you have to look at is the validity of the tests and the actual trading scheme the expert advisor uses. For example, when you look at the trading statements you realize that the EA uses a very large risk to reward ratio of 10:1, which is appaling and already a signal of this system not being long term profitable, trading only on the random movements of the market which adapt to it’s logic on the current market conditions (I go to depth about this on my ebook).

Then you look at the backtests which are straight equity curves with almost no draw down extremely characteristic of systems with large risk to reward ratios that exploit the one minute interpolation errors of the metatrader backtester. So, you have an EA that has backtesting that is worthless, with a 10:1 risk to reward ratio and very limited live testing information. My judgement is then sound and clear, this expert advisor is, in my opinion, not long term profitable and therefore absolutely not worth buying or testing.

If you would like to learn more about automated trading systems and how you too can profit from the world of fx automated trading with realistic profit and draw down levels please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed this article !

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