White Shark EA Review: An In-Depth Analysis

White Shark EA is a popular automated trading system that promises to help traders make consistent profits in the forex market. In this comprehensive review, we take an in-depth look at this trading robot to determine if it delivers on its promises.

White Shark EA

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Overview of White Shark EA

White Shark EA is an expert advisor (EA) designed specifically for the MetaTrader 4 (MT4) trading platform. It is a fully automated system that is designed to trade the EUR/USD currency pair efficiently.

The EA uses an advanced algorithm and technology to identify profitable trading opportunities and place buy and sell orders accordingly. Some of the key features of White Shark EA include:

  • Fully automated system requiring no manual intervention
  • Designed specifically for EUR/USD trading
  • Uses advanced algorithms and technology for trade identification
  • Places trades with optimal lot sizes
  • Includes risk management features like stop-loss
Parameter Description
MM_Start_Percentage_of_balance Sets percentage of balance to risk per trade
MagicNumber Unique identifier for trades placed by the EA


The developer of White Shark EA claims that it can outsmart the markets by taking advantage of profitable opportunities. They say it is suitable for both novice and experienced traders.

Backtesting Performance

Backtesting refers to testing a trading system on historical data to analyze how it would have performed. White Shark EA has posted some impressive backtest results according to the vendor:

These backtest results certainly seem promising at first glance. However, it is important to take them with a grain of salt for the following reasons:

  • Backtests do not account for slippage and spreads
  • Past performance does not guarantee future results
  • Results may be curve-fitted to the backtest period
Metric Backtest Result
Net Profit +276%
Number of Trades 668
Initial Balance $2000


While the backtest results appear great, real-world performance may vary significantly. So we cannot rely completely on backtests when assessing this EA.

Live Performance

Analyzing the live trading performance can give us a realistic idea of how White Shark EA performs on a real account.

Based on the limited information available, White Shark EA seems to be doing reasonably well in live trading:

  • The developer has shared a MyFXBook verification for a private signal with 29% gain in 2 months
  • Some traders claim to have achieved consistent profits in live trading
  • No major red flags observed in live account reviews

However, more transparency regarding live results would have been better to thoroughly assess the EA.

Metric Developer Claim Independent Confirmation
Live Gain 29% in 2 months No


The lack of detailed third-party account statements raises some questions. But so far, no major issues have been reported in White Shark EA’s live trading either.

Suitable Broker and Account

Choosing an appropriate broker and account type is crucial for the smooth functioning of any automated trading system.

Here are the recommendations from the White Shark EA developer:

  • Works optimally on ECN brokers due to low spreads and slippage
  • Minimum $1000 account balance recommended
  • Cent accounts can also be used

The developer claims that the EA can work in any market condition thanks to its robust algorithm.

Recommended Broker Account

  • Account Type: ECN
  • Minimum Balance: $1000
  • Leverage: 1:100 or 1:200

The broker recommendations seem reasonable for running this EA efficiently. Just ensure your broker is well-regulated.

Technical Requirements

To run White Shark EA, you need the following technical requirements:

The installation process is quite straightforward:

  1. Download the ex4 file
  2. Copy it to the Experts folder on MT4
  3. Attach the EA to a chart in MT4

Technical Requirements

  • Platform: MetaTrader 4
  • OS: Windows 7 or higher
  • Internet: High-speed broadband

Installation Steps

  1. Download ex4 file
  2. Copy to Experts folder on MT4
  3. Attach EA to chart

The technical requirements are basic and installation is simple. No coding skills needed.

Pricing and Support

White Shark EA is sold via the MQL marketplace for a one-time fee with the following options:

  • 1 Live Account License: $149
  • Unlimited Live Account License: $250

In addition to the automated trades, you get a detailed PDF guide explaining how to install, optimize, and use the EA efficiently.

For support, you need to contact the vendor via email or Telegram.

Particular Details
Pricing 1 License: $149
Unlimited License: $250
Guide Installation and usage PDF manual
Support Email and Telegram


The pricing seems reasonable compared to other EAs. But direct support options are limited.

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Verdict: Should You Get It?

So what’s the final verdict on White Shark EA after this comprehensive review?

The Good

  • Impressive backtest results
  • Reasonable live account gains reported
  • Technically simple to install and use
  • Clear trading logic and recommendations

The Bad

  • Lack of detailed third-party account statements
  • Limited direct customer support options
  • Suitable only for EUR/USD trading

Considering all the pros and cons, White Shark EA seems like a decent automated trading system for EUR/USD traders looking for an easy-to-use EA with good risk management.

However, due diligence is required in terms of testing it first properly before using it on a live account.

Pros Cons
Good backtest results Lack of third-party account proof
Reasonable live gains Limited direct support
Easy to install and use Only for EUR/USD


White Shark EA shows potential but proceed with proper testing.

So in summary, White Shark EA seems to have promise according to the backtests and some trader reviews. However, as there is no concrete proof of long term profitability, it is best to thoroughly test the system first on a demo account before risking real capital. Choose your risk parameters conservatively and use proper money management. That way, you can assess if this EA suits your trading style before committing actual funds.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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