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Shark Fx is an MT5 expert advisor that trades a basket of 15 currency pairs on the M15 chart. It uses mean-reversion entries and sets stop loss and take profit from current volatility.
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Shark Fx is an expert advisor for MetaTrader 5 that trades short-term reversals on the M15 chart. It works across a basket of 15 currency pairs and sizes its exits from current market volatility rather than from fixed distances.
The system looks for short-term swing reversals and enters against the move, which is a mean-reversion approach. It aims to take advantage of price stretching away from its recent range and then returning. Each trade is opened with a stop loss and a take profit.
Stop loss and take profit distances are calculated from current volatility. When the market is moving widely, the distances grow. When it is quiet, they shrink. The developer says the reward is set equal to the risk or slightly larger, so check the behaviour in your own tests.
The expert is designed for the M15 timeframe and for a basket of 15 forex pairs that includes majors, crosses and some exotic pairs. It can trade through the whole forex week. Your broker must offer the pairs, and you should check how its symbols are named, since suffixes can differ. Exotic pairs generally have wider spreads, so look at your broker's conditions.
Exact input names and values are not listed here, so read the input tab after installation and use the recommended set files from the developer's instructions as a starting point. The table shows the areas worth checking.
| Area | What to check |
|---|---|
| Symbols | That all pairs are in Market Watch and names match your broker |
| Timeframe | M15 chart for the expert |
| Lot size or risk | A fixed lot or a risk percentage that suits your balance |
| Stop loss and take profit | How the volatility settings translate into pip distances |
| Trading hours and spread | Any filters that limit entries during wide spreads |
Trading carries risk, and you can lose some or all of your deposit. Past and backtested results do not predict future ones. A stop loss does not rule out slippage or gaps. Test on a demo account first and use only money you can afford to lose.
Run it in the Strategy Tester and on a demo account for a while, using your own broker's data, before trading live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, intraday scalping |
| Markets | 15 forex pairs: majors, crosses, selected exotics |
| Timeframe | M15 |
| Trade style | Mean reversion on swing reversals |
| Exit logic | Volatility-adjusted stop loss and take profit |
| Positions | One trade per symbol at a time |
| Typical holding time | Several hours, about 5 to 12 according to the developer |
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No. It is an MT5 expert advisor and needs MetaTrader 5. It will not load in MT4, which uses a different file format.
The developer designed it for the M15 timeframe and a basket of 15 currency pairs. Check that your broker offers all the pairs and note any suffix or prefix in their symbol names. Confirm the exact symbol list and any recommended set files before running it live.
The developer states that it does not use martingale, grid or recovery doubling, and that each position is independent with a stop loss. Because the product is also tagged with grid-style trading, test it in the Strategy Tester and on a demo account to confirm how it behaves on your broker before using real money.
The developer describes it as built with prop-firm conditions in mind, with a stop loss on every trade and one position per symbol. Rules differ between firms, so read your firm's terms on automated trading and test the settings against its drawdown limits first.
No minimum deposit is given here. Check the recommended settings and lot sizing for your balance, leverage and account type, and begin on a demo account. Spreads and execution speed matter for a scalping system.
No. Trading carries risk, and past or backtested results do not predict future ones. Only trade with money you can afford to lose.
Shark Fx
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