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White Shark is an MT4 expert advisor that opens and manages buy and sell orders automatically on EUR/USD, H1 chart. Most internal settings are hidden, and the main input is a risk percentage of balance.
Get one message the moment it launches, with its price.
White Shark is a fully automated expert advisor for MetaTrader 4. It opens and manages buy and sell positions on its own, and it has been tuned for the EUR/USD pair on the H1 chart. For most users, the only setting to configure is a risk percentage.
Once attached to a chart, the EA monitors the market and places orders when its internal conditions are met. Lot size is derived from the risk percentage you enter rather than from a fixed lot value. The entry logic and most inner parameters are deliberately hidden, so the rules cannot be inspected or edited. This keeps setup simple, but it also means you need to rely on your own testing and observation instead of reading the logic.
Only one input is described as important. Everything else is hidden from the user.
| Parameter | Purpose | Notes |
|---|---|---|
| MM_Start_percentage_of_balance | Percentage of balance used to size risk | The author suggests staying low, roughly 1 to 3 percent. Test your value before using it live. |
| Other parameters | Internal logic | Hidden and not adjustable. |
The author says a standard account works well and that a cent account can also be used. A swap-free account may help but is not required. A starting balance of about 1000 USD is suggested, or about 100 USD on a cent account. Confirm minimum deposit, leverage and contract specifications with your own broker, as these differ between providers.
Run the EA in the MT4 Strategy Tester on EUR/USD H1 with the best quality tick data you can obtain, and use spreads and commissions similar to your live account. Compare different risk percentages against your starting balance, then forward-test on a demo account before committing real funds.
Trading carries risk, including the loss of your deposit. Back-test results and signal history do not predict future results. A higher risk percentage increases both position size and potential drawdown, so choose a level you can tolerate.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automatic) |
| Symbol | EUR/USD |
| Timeframe | H1 |
| Trade style | Automated buy and sell orders, lot size set by risk percentage |
| Main input | MM_Start_percentage_of_balance |
| Account type | Standard; cent possible; swap-free is a plus but not required |
| Requirements | Terminal and EA running continuously, algo trading enabled |
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No. This product is built for MetaTrader 4 and will not load in MetaTrader 5. Check that your broker offers an MT4 account before buying.
The EA is tuned for EUR/USD on the H1 chart. Attach it to that chart only. Using other symbols or timeframes is outside what it was optimised for, so test carefully before trying anything different.
The main visible input is MM_Start_percentage_of_balance, which sets the percentage of balance used for risk. The author suggests keeping it low, in the range of roughly 1 to 3 percent. Back-test your chosen value on your own balance and broker data before going live.
The author says a standard account is suitable and that a cent account can also be used. A starting balance of about 1000 USD is suggested, or about 100 USD on a cent account. Treat these as starting points and confirm that they suit your own risk tolerance and broker conditions.
The EA is designed to operate around the clock, so the terminal needs to stay open and connected. Many users run it on a VPS. If the terminal is closed or loses its connection, the EA cannot manage trades.
No. Most inner parameters are hidden, so you can only adjust the exposed risk input. If you need more control, this may not be the right tool for you.
White Shark
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