Shell Forex EA Review

Jan 14, 2022 11:43 AM ET
Shell Forex EA Review

Shell Forex EA is a fully-automated Forex expert advisor that streamlines your trading experience. The vendor claims that this robot is a simple and safe way to make profits in the Forex market. 

The first thing we noticed about this robot is the very brief presentation on the website. We don’t have a proper explanation of how the system works. The vendor has simply shared the link to a live trading account and presented a list of all the main features. Apart from that, we have a contact form that you can use to get in touch with the service team.

Shell Forex EA


Fully-automated EA





Compatible Platforms


Currency Pairs




Recommended Min. Deposit


Recommended Deposit




Trading strategy explanation

This is a robot that avoids using risky trading strategies like arbitrage, grid, and martingale. That being said, the vendor has not shared any information on the actual trading strategy. We don’t know what indicators it uses or how it identifies profitable trading opportunities. Without strategy insight, it is impossible to determine what trading style the EA is most suitable for.

Shell Forex EA is not broker-dependent, so you can run it on any brokerage of your choice. The vendor offers free updates for all users and unconditional refunds. However, the details of the pricing plans have not been presented on the official website. Affordability is a key factor for new traders and without pricing details, we cannot tell how the EA compares to the average market price.

According to the developer, this robot is easy to use. It is an auto-adaptive system that is compatible with the Metatrader 4 trading platform. It is backed by tested and proven set files. Like many other EAs, it has low, medium, and high return settings. It will take you around five minutes to install the EA on the MT4 platform.

Backtest data analysis

Most Forex traders look for backtesting data before investing in an EA. These are long-term tests carried out with historical data over several years. This means the robot is exposed to different market scenarios, which test its durability. Unfortunately, the vendor has not shared the historical test results for this expert advisor.

Live trading data analysis

Trading Results 

Myfxbook Account 

Real (USD), FBS


Dec 22, 2021















Growth chart of Shell Forex EA.

Here we have a live trading account on Myfxbook that was launched on 22nd December 2021. During its very short trading history, it has conducted 111 trades. Currently, its win rate stands at 77%, and the total profit generated through this account is $7,834.37. It has daily and monthly gains of 2.86% and 70.77%, respectively. Since the account has been active for less than a month, we cannot put too much weight on the monthly gain percentage. 

The drawdown for this account is 8.56%, which is quite low compared to other EAs. It has a high profit factor of 4.38. The average win and loss for this account are 20.50 pips/$118.04 and -14.70 pips/-$92.68, respectively. 

Trading results of Shell Forex EA.

From the recent trading history, we can see that the robot trades with a fixed lot size of 0.78. It usually keeps its orders open for 2-3 days. On the 6th of January, 2022, the EA lost five trades back to back, suffering heavy losses. 

Vendor transparency 

We have virtually no information on the parent company behind this EA. The vendor has not shared the founding year, the company’s location, or its background. Also, they have not revealed the identities of the team members.

Customer reviews 

Real account of Shell Forex EA on FPA.

There are no reviews for this EA on third-party websites. On FPA, there is a real account for this robot. On average, it earns 518 pips per week. The average weekly profit/loss for this account is 36.56%.

Review summary 


  • Verified trading results

  • Unconditional refunds


  • Lack of vendor transparency

  • Short trading history

  • No backtesting data

Shell Forex EA is a system that suffers from a lack of vendor transparency. We have zero information on the developer and their background. The EA has been trading in the live market for only a few weeks and the vendor has not shared the pricing details. Last but not the least, we don’t know what trading strategy it uses. 

Rating: 5/10

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