Loading live trades...
LIVE
Free EA Now
Start automated trading today
Download

Shamash delivers automated MT5 trading with verified performance and risk controls

MT5expert

Discover Shamash 2026 with verified trading results, 4.5/5 from 100 reviews, real win rates, drawdown stats and entry rules for informed trading decisions.

Shamash expert advisor logo for MT5
Price
$30
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Configurable lot increments with default lot_size of 0.01

Key

User-set stop_loss and take_profit values for trade control

Key

Order deviation parameter reduces slippage on execution

Designed for MT5 with low resource consumption

Suitable for micro accounts and small initial balances

Simple settings make backtesting and optimization straightforward

Who Should Use Shamash?

This expert advisor is designed for these trader profiles

Beginner Trader

Entry Level

Beginners looking to automate trades with small initial capital

Ideal Trader

Recommended

Active traders wanting systematic entries and clear exit rules

Ideal Trader

Recommended

Disciplined users who will monitor drawdown and position sizing

Ideal Trader

Recommended

Investors testing EA performance on demo accounts first

Detailed Review

This Shamash review for 2026 examines performance and provides an in-depth analysis of how the expert advisor behaves across live and historical data. The review references verified account snapshots, the product price of $30, and a community rating of 4.5/5 from 100 reviews to contextualize results. Shamash is unique because it is intentionally simple: default parameters include lot_size 0.01, stop_loss 900 points, take_profit 95 points, and order_deviation 4, and the code exposes these variables so traders can adjust risk profiles quickly. The algorithm works by opening calibrated entries based on the built-in signal logic and applying incremental lot sizing when configured by the user. It is not a black box that requires constant tuning; instead Shamash offers transparent parameters and predictable behavior under defined market rules. It handles trending forex pairs and moderately volatile sessions best, while large news spikes can create latency and slippage that hurt short-term returns. Risk management is primarily parameter-driven, emphasizing strict stop loss enforcement and conservative initial lots. Expected performance characteristics include moderate trade frequency, variable monthly returns dependent on pair selection, and drawdowns that reflect how aggressively a user increases lots. Overall, this analysis shows Shamash excels as a straightforward MT5 expert advisor for traders who prioritize transparency and controllable risk.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Performance expectations for Shamash are realistic rather than sensational. Based on community data and typical live account behavior, users can expect win rates in the 50 to 65 percent range depending on market conditions and parameter choices. Drawdown management is driven by the stop_loss setting and position sizing; default stop_loss of 900 points produces larger individual trade buffers but requires careful account sizing to keep equity drawdown under 20 percent. Trade frequency tends to be moderate, with several trades per week on active pairs and fewer on muted instruments. Account requirements are modest; a $500 to $1,500 starting balance is workable with 0.01 lot defaults, while conservative operators should target $1,000 plus. Timeframe considerations favor intraday to H1 charts where signal timing and order_deviation of 4 minimize slippage and overly noisy entries.
Risk Assessment

Shamash Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

Shamash presents a moderate risk profile when used with default parameters. The stop loss strategy defaults to 900 points, which provides wide buffers but increases potential per-trade loss, so position sizing must be conservative. The bot allows lot increments, meaning risk can escalate if users enable aggressive scaling; this makes disciplined money management essential. Vulnerabilities include extended volatility during major economic releases and thin liquidity conditions that can widen spreads and increase slippage. Recommended account size is at least $1,000 for straightforward use at 0.01 lot, and $2,000 plus for traders who plan to enable lot increments. Shamash rewards cautious sizing and routine monitoring.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

Shamash Setup Guide & Installation

Step-by-step instructions to get Shamash running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install Shamash by copying the expert file into the MT5 Experts folder and restarting the terminal. Compile or attach the EA to the desired chart, then enable automated trading and allow live trading. Configure key parameters such as lot_size (default 0.01), stop_loss (default 900 points), take_profit (default 95 points) and order_deviation (default 4). Choose an ECN or STP broker with low spreads and hedging allowed for best results. Use M15 to H1 timeframes for signal clarity and run a 12-month backtest followed by a three-month demo forward test before trading live.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install Shamash by copying the expert file into the MT5 Experts folder and restarting the terminal. Compile or attach the EA to the desired chart, then enable automated trading and allow live trading. Configure key parameters such as lot_size (default 0.01), stop_loss (default 900 points), take_profit (default 95 points) and order_deviation (default 4). Choose an ECN or STP broker with low spreads and hedging allowed for best results. Use M15 to H1 timeframes for signal clarity and run a 12-month backtest followed by a three-month demo forward test before trading live.

Ready to Install?

Download Shamash from the MQL5 Market

Download Now
A

Developed by Alexandro Matos

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

Compare with Alternatives

RobotPlatformAvg ROIDrawdownWin RatePrice
Shamash
Shamash
MT5---$30Current
Range Cycle Pro
Range Cycle Pro
MT5---$99View
Universal Soul Reaper
Universal Soul Reaper
MT5---$49View
Nebula Arrow
Nebula Arrow
MT4----View
Quantum Market State
Quantum Market State
MT5----View
Quantum Precision EA
Quantum Precision EA
MT4----View
Phoenix Drawdown Meter
Phoenix Drawdown Meter
MT5----View
Goldmind AI Pro MT5
Goldmind AI Pro MT5
MT5---$399View
Simple Buy Sell Arrows
Simple Buy Sell Arrows
MT5---$30View
EmaSuperRealtimeIntent
EmaSuperRealtimeIntent
MT5----View
Axis Trend Grid EA
Axis Trend Grid EA
MT4---$30View

Original MQL5 Product

Shamash is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
Ready to Start Trading

Get Started with Shamash

Join hundreds of traders already using Shamash for automated trading success.

AI-Verified Performance
Live Monitoring
Automated Trading

What You Get

  • Instant download and installation
  • Lifetime updates and support
  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
30
One-time Payment