In the dynamic world of Forex trading, it’s essential to have tools that provide a competitive edge. The Pacific Shark Forex Software, an automated trading system, offers a unique approach to navigating the Forex market. This Forex Software Review delves into the heart of the Pacific Shark Forex system, exploring its efficiency and the strategies it employs for automated trading.
Understanding The Pacific Shark Forex
The Pacific Shark Forex system is a robot designed for automated trading. It utilizes Efficiency Ratio calculations to guide its trading decisions. Unlike many other systems, it does not employ risky methods like Martingale or Grid. The system is designed to minimise risk by opening only one buy or one sell order at a time, preventing duplicate orders.
The Right Environment for Pacific Shark Forex
Successful operation of the Pacific Shark Forex system requires specific conditions. It functions solely on the GBP/USD pair and uses the daily time frame (D1) for trading. The system’s efficiency is also influenced by the GMT data time. Therefore, it’s crucial to adjust the shift hour EA input based on the historical data GMT time for backtesting and the broker GMT for live trading.
Getting Started with Pacific Shark Forex
To utilize the Pacific Shark Forex system, traders need a minimum account balance of $300. The system offers three risk levels, 3, 4, and 5. The higher the number, the greater the risk/reward ratio. The settings include a shift hour, which compensates for time differences depending on the broker’s GMT, a unique identifier for EA’s orders known as MagicNumber, a risk percentage of account setting, and MaxLots, which sets the maximum lot size allowed.
Testing the Pacific Shark Forex System
Proper testing of the Pacific Shark Forex system is vital for understanding its functionality and potential efficiency. However, it’s important to note that testing the robot using MT4 Broker data can lead to inaccurate backtest results due to the inconsistent GMT data throughout the year. Hence, the most accurate testing method is using a third-party Tick data and setting the Daylight Saving Time (DST) to none.
FAQ Section
What is the Pacific Shark Forex?
The Pacific Shark Forex is an automated trading system designed to minimise risk and increase trading efficiency in the Forex market.
What trading pair does the Pacific Shark Forex use?
The Pacific Shark Forex system trades exclusively on the GBP/USD pair.
What are the requirements to use the Pacific Shark Forex system?
To use the Pacific Shark Forex system, you need a minimum account balance of $300 and the ability to adjust settings such as time shift, risk levels and maximum lot size.
How can I test the Pacific Shark Forex system?
The best method to test the Pacific Shark Forex system is using a third-party Tick data and setting the DST to none for the most accurate results.
Wrapping up
The Pacific Shark Forex system offers a unique approach to automated trading in the Forex market. Its focus on minimizing risk and its unique trading strategies make it a tool worth considering.
Independent testing of this product can be viewed on the forexroboteasy.com website, where users can also subscribe to updates on the testing results of this product. We invite readers who have used the Pacific Shark Forex system to share their experiences and insights.
Please note that this is an independent product review. All information provided is based on the product’s description and user experiences.
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