Forex Shocker Pro Review

forex shockerThe original version of this expert advisor was launched in May 2009. The inventors of the Forex Shocker claim that it was well received by the markets and has attracted a faithful and loyal band of followers since its inception. They also go on to state that their product has been so successful that its design has been duplicated by many copycats. They even advise that they use the Forex Shocker to trade their own financial accounts because of the constant stream of profits it has generated over the years.

Consequently, a new improved version was recently released after many months of research and development. This new tool, called the Forex Shocker Pro, is based on a ground-breaking and innovative design that apparently can fine-tune its key parameters automatically so that it trading performance is always optimized to the prevalent market conditions. In addition, the new robot can trade as many as ten active positions concurrently enabling it to maximize its profit capturing capability. The Forex Shocker Pro possesses the following key features:

–      Incorporates its own advanced and proven risk and money management policy

–      The design is not constructed on the concepts of any Martingale strategies

–      The design does not include the principles of Grid automated solutions

–      The Forex Shocker Pro is simple to install and operate

–      You will be entitled to 24/7 high quality customer service

–      This produce has a verifiable track record achieved using live accounts

–      This Expert Advisor possesses an impressively high win-to-loss ratio

–      Operates equally well with any MT4 account including the standard, micro and mini

–      Produces optimum results when utilized within a trading environment serviced by either an ECN or STP binary options broker.

So, does the Forex Shocker performance comply with all these bold promotional statements or is it over-hyped? The following test results and subsequent analysis are presented to provide objective answers to these pertinent questions.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now detailed in the following table. In addition, the average values are displayed in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

1246

1244

1254

1248

Short Positions (won)

863

861

871

865

Long Positions (won)

381

379

389

383

Profit Trades

1115

1113

1123

1117

Loss trades

129

127

137

131

Largest Profit

$24

$22

$32

$26

Largest Loss

$33

$31

$41

$35

Average Profit

$2

$3

$4

$3

Average Loss

$9

$7

$17

$11

Maximum Consecutive Wins

60

58

68

62

Maximum Consecutive Losses

6

4

14

8

Average Consecutive Wins

11

9

19

13

Average Consecutive Loss

2

1

3

2

 

Key Parameters

You now need a method to help you determine if the Forex Shocker Pro is any good. For instance, will it make you money?  You can achieve this objective by determining its win-to-loss ratio, reward-to-risk ratio and expectancy value. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

  1. Win-to-loss ratio = 90%
  2. Reward-to-Risk ratio = 0.27
  3. Expectancy Value = $1.60

Consequently, you can anticipate gaining a profit of $1.60 for every dollar risked over the long haul using the Forex Shocker Pro.

User Comments

A thorough internet investigation has not unearthed any serious negative comments or reviews about the Forex Shocker Pro. However, no positive statements or recommendations were discovered either.

Verdict

Although this robot generated relatively encouraging performance parameters, there are a few serious concerns about the results produced. For instance, the reward-to-risk (R/R) ratio registers a figure that is below unity, which has the adverse impact of negating the advantages of the notable win-to-loss (W/L) ratio of 90%.

As such, the very important expectancy value (EV) is pull downwards by the weak (R/R) so that it only posts a disappointing $1.60. If you appreciate that the tests presented above where conducted over a period of a number of months, then this low EV does not supply sufficient confidence that this robot can create a worthwhile profit during such time periods. For example, if Forex experienced increased levels of volatility then the Forex Shocker Pro may struggle to cope with such conditions resulting in higher levels of losses. Consequently, if you are still interested in this software tool, then you are well advised to follow our recommended course of actions.

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