Shell Forex EA Review

by FX EA Review
Shell Forex EA

Shell Forex EA is a Forex automated trading system that claims to streamline your trading experience in the Forex market. According to the vendor, this robot helps you make live profits without much effort on your part. 

Shell Forex EA: to trust or not to trust?

We should mention that there is a stark lack of transparency when it comes to this EA. There is very little information provided on the official website. The vendor has not clearly explained how the system functions. We only have a list of features, the link to a live trading account on Myfxbook, and the pricing details. There is no official contact information either.


Shell Forex EA is a fully-automated Forex expert advisor. It is available for just 49 Euros, which makes it cheaper than most automated trading systems available on the market. After you’ve completed the payment, you can send your MT4 account number to the service team to acquire the license for this robot. 

The vendor also gives you the option to pay using BTC. They have also mentioned an unconditional refund policy, but we don’t know how long the refund window is. Reliable developers usually offer a 30-60 day money-back guarantee to allow users to test the performance of the system.

This EA does not use risky trading strategies like grid, martingale, and arbitrage. That being said, we don’t exactly know what trading strategy it follows. The vendor has not mentioned any indicators and we don’t know how the EA identifies profitable trading opportunities. 

Shell Forex EA is not dependent on broker conditions, so you can run it on any broker of your choice. The developer offers free updates for all users and claims that the system is easy to use. It runs on the Metatrader 4 platform and can automatically adjust to market conditions. You can use it with low, medium, and high return trading schemes. Installing this robot takes only five minutes.

The pairs supported by this robot include AUD/USD, EUR/AUD, GBP/AUD, GBP/JPY, GBP/USD, and USD/JPY. For the live trading account, it uses 1:200 leverage and the FBS broker. 

Verified trading results

Growth chart of Shell Forex EA.

This is a verified live trading account on Myfxbook that was launched on December 22, 2021. It has not been around for too long, which means the EA has not been exposed to different market conditions. After conducting 196 trades, the win rate for this account currently stands at a healthy 77%. Also, it has a decent profit factor of 3.66.

At this moment, the daily and monthly gains are 3.02% and 143.34%, respectively. The EA has managed to generate a total profit of $19334.43. It has a time-weighted return of 174.66% and an extremely high drawdown of 59.75%. The high drawdown is indicative of a high risk of ruin. 

Trading results of Shell Forex EA.

We can learn more about the trading style of the EA by looking at the recent trading history. The lot size for the trades usually varies between 1.05 and 1.06. It looks like the robot is able to generate profits at a steady rate. It usually keeps its positions open for 24 hours, although we can see that some of them have been closed early or held for three days. The average win and loss for this account are 24.93 pips/$177.38 and -19.75 pips/-$158.09, respectively. 

The vendor has not shared the historical test results for Shell Forex EA. As such, we are not able to compare it with the live statistics to get a clearer idea about EA’s performance. 

Vendor transparency

There is virtually no information on the developer behind this EA. We don’t know where the team is based and how much experience they have when it comes to building automated trading systems. The vendor has not revealed the identities of the team members and we don’t know whether they have built similar systems in the past.

Customer reviews

We were unable to find any user reviews for this expert advisor on third-party websites like Trustpilot, Forexpeacearmy, Myfxbook, and Quora. This tells us that not many people are currently using this robot for conducting live trades.

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