Belkaglazer is advertised as a completely automated Forex expert advisor, designed to provide traders with diverse trading strategies in different markets (FOREX, FORTS, Crypto, Indices). This EA is heavily focused on a trading strategy. Belkaglazer is one of the most interesting expert advisors we have come across in recent times.
This Forex robot is available to buy only on the MQL5 market for $499/lifetime membership. Those who want to try the software before a purchase are provided with a free Demo version. In case you want to pay less than $499 you can opt for a 3 months trial version at $149 or 6 months trial version at $249.
Belkaglazer EA Trading Strategy
So, how does this robot work?
The developer of this expert advisor says about Belkaglazer:
That being said, the dev means that a trader can explore different strategies and trading approaches to choose the best setting for their EA to fit their trading needs, preferences, and requirements.
Dmitry provides traders with detailed instructions on how to trade with this EA as well as how to set it for optimal trading.
To tell the truth, we are impressed with a detailed trading strategy insight.
The developer tells us that:
These 4 trading modes can be used in conjunction with any of the below-mentioned trading strategies:
Certain intricacies require a certain level of skill to use the EA properly and efficiently. With multiple trading models and strategies to choose from, a trader plays a major role to decide how the EA will trade. That being said, for some traders, especially for newbies and those with little trading experience, this EA may turn out to be difficult to operate.
Belkaglazer EA Features
- Trade duration: 4 hours – 4 days
- Lots: 0,01 – 100
- Compatible with any brokerage
- Max. spreads allowed: 4 (40)
- System: MT4
- Timeframe: H4
- Currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, AUDJPY
- Based on PriceChannel, Pivot, PriceAction, PRNG trading models
- Support different types of MM
- Contains CBOE VIX Filter
Belkaglazer EA Backtesting Results
Unfortunately, we have not found any backtesting results on the sales page. The information below is everything Dmitry has decided to provide us with:
Belkaglazer EA Live Trading Results
The developer provides us with a direct link to his myfxbook profile:
He’s sharing multiple myfxbook accounts:
Well, let’s take a look at the Belkaglazer EA account, which shows a total gain of 48, 47%:
This is a real USD trading account, running on an MT4 platform with Alpari RU brokerage and a 1:50 leverage. This account shows a gain of over 48% since December 08, 2016. The robot has been running for 3 years (one month left) and this period, it has shown a peak drawdown of 12.80% and consistent profit growth. So, with $1412 deposited, the robot has earned $274 of profit.
It has traded 1878 trades with 2908 pips. Its winning rate equals 61%. The average win is smaller than the average loss: 16.66 pips vs -22.05 pips. The average trade length is 9 hours and 38 minutes. Its profit factor is low and equals 1, 10.
During 2 years and 11 months of trading, the EA has had 21 negative months and 25 positive months. The negative months have never reached below -7,12%.
Well, let’s analyze the robot efficiency in 2020.
Till November 2020 Belkaglazer EA has had 6 profitable months and 4 losing ones.
Its total gain for 10 months of trading equals 2, 96%. It does not look impressive. Its best trading activity was in 2016 – 2017:
Belkaglazer EA Reputation
The developer of this trading software is Dmitry Shal, located in Moscow, Russia. In the MQL5 market, we have found that Dmitry has a bachelor’s degree in economics and started his trading journey in 2006. He claims that he has over 10-years of experience in developing algorithmic approaches and researching markets and building different models for stocks, options, currencies, and futures.
We have conducted an additional whois.domaintools.com research and found that the team that stands for this EA is located in Russia with a Moscow IP location. Their website was created on January 05, 2017.
To get in touch with support traders can contact Dmitry through the MQL5.community or email [email protected].
Belkaglazer EA Review Summary
- Strategy – score (8/10)
- Functionality & Features – score (6/10)
- Trading Results – score (4/10)
- Reliability – score (5/10)
- Pricing – score (3/10)
Conclusion
In short, this EA is showing a consistent profit with minimal trading risks. However, we do not think that 3% of the total year earnings for a $499 lifetime license is what most traders are searching for. Moreover, with various trading models and strategies to choose from, this robot can turn out into a nightmare for newbies.
