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Shamash (MT5) — review, price and free alternatives
MT5 expert advisor$30 on MQL5by Alexandro Matos
Shamash is a MetaTrader 5 expert advisor by Alexandro Matos, sold on the MQL5 Market for $30. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Shamash — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Developer
- Alexandro Matos
- Price
- $30
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Shamash on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
SHAMASH is a simple and efficient robot that allows the user to start with a small balance and, depending on how they use it, can turn them into a millionaire.
Before you buy Shamash
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Shamash
Compiled from its public MQL5 listing. FxRobotEasy has not traded Shamash; what these notes say about how it works comes from that listing.
Overview
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 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.
Risk notes
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. Shamash rewards cautious sizing and routine monitoring.
Listed strengths
- Transparent parameters with simple configuration
- Low entry cost at thirty dollars
- Works on MT5 with small account compatibility
- Clear stop loss and take profit defaults
- Moderate trade frequency suitable for many traders
Worth checking
- Wide default stop loss increases per-trade risk
- Performance sensitive to broker spreads
- Requires active monitoring during high-impact news
- Relies on user to manage lot increment usage
Setup
Install Shamash by copying the expert file into the MT5 Experts folder and restarting the terminal. 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.
Free to try · from FxRobotEasy
Looking for a trading robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Scalperology AIby FxRobotEasy
Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Shamash or Scalperology AI?
| Shamash | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($30) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Alexandro Matos | FxRobotEasy |
Shamash — questions
What is Shamash?
Shamash is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Alexandro Matos, priced at $30 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Shamash use?
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.
Does Shamash work on MT4 or MT5?
Shamash runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Shamash cost?
Shamash is a paid product listed at $30 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-01-02. It is sold and downloaded through the developer's (Alexandro Matos) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Shamash?
FxRobotEasy has not traded Shamash on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Shamash elsewhere comes from its developer or from a third party.
What are the pros and cons of Shamash?
Strengths of Shamash: Transparent parameters with simple configuration; Low entry cost at thirty dollars; Works on MT5 with small account compatibility; Clear stop loss and take profit defaults; Moderate trade frequency suitable for many traders. Limitations: Wide default stop loss increases per-trade risk; Performance sensitive to broker spreads; Requires active monitoring during high-impact news; Relies on user to manage lot increment usage.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.