Belkaglazer EA Review: Things to Consider Before Investing

Belkaglazer EA is a Forex expert advisor that allows traders to build diverse trading strategies in different markets. As per the vendor’s claims, the system has been specially designed for professional algorithmic traders. It is compatible with the MT4 as well as the MT5 trading platform. 

The developer behind this system is known as Dmitry Shal and he is a full-time developer based in Russia. On his MQL5 profile, he has mentioned having programming skills and a bachelor’s degree in economics. He has been trading since 2006 and spent over a decade developing his algorithmic approach. This developer only has one other EA called BelkaMiner.

The highlights of Belkaglazer EA

According to the vendor, the main features of the system are as follows:

Multiple models 

The robot is based on four logical models, namely PRNG, PriceAction, Pivot, and PriceChannel. PRNG model generates trading signals in a random direction and you can use it for studying the market or making risky entries with dangerous money management techniques. Price Action deals with price movement analysis over time, while Pivot model determines support and resistance levels with pivot points. With the Price Channel model, you can use horizontal support and resistance levels based on minimal and maximum prices.

Advanced filters

By using filters, you can increase the profit factor while reducing the number of trades. There are different types of filters you can use with this robot, namely trend filters, volatility filters, time filters, news filters, CBOE VIX filter, and Range/Hurst/RSI.

Different types of money management

This EA operates open positions using different tools like take profit, stop loss, and trailing stop. You can use different money management techniques like Optimal F, Maximum risk per trade, Margin percentage, proportional lots, fixed lots, as well as dangerous techniques like Averaging, Pyramiding, Martingale, and Anti-Martingale.

Trading strategy of Belkaglazer EA

The vendor recommends using a low-spread, 5-digit broker and a VPS service for this EA. It is also recommended that you backtest the strategies with fixed lots. The various strategies used by the system include Breakout, Momentum, and Mean Reversion. This robot supports limit, stop, and market orders and supports instant/market execution.

Backtesting reports 

For this backtest the EA conducted a total of 490 trades, winning 61.43% of them and generating a total profit of $6081.01. The relative drawdown was a bit high at 22.25%, which indicates a risky trading strategy. Also, the profit factor was quite impressive at 1.90. There were 10 maximum consecutive wins and 5 maximum consecutive losses during the testing period.

Trading results in real time 

Here we have a verified live trading account on Myfxbook that was launched on October 30, 2017. Belkaglazer EA currently has a high win rate of 69% and this has allowed it to generate a profit of $177.51. However, based on the fact that the account has been active for several years, the total profit is quite low. The EA trades with a high drawdown of 41.62%, which means it is prone to suffering heavy losses. This account has a moderate profit factor of 1.11.

As we can see from the trading history, the EA does not conduct trades every day. For the last 20 trades, it has used a lot size of 0.03. The average trade length is 2 hours and 2 minutes, while the average win and loss are 7.51 pips/$2.59 and -13.99 pips/-$5.24, respectively.

Belkaglazer EA price 

The current price of this EA is $19,999. This is a hefty price tag for an expert advisor and most EAs on the market are more affordable. There is a free demo version but the vendor does not have a refund policy.

Customer support 

If you require assistance, you can contact the support team via email.

Are traders happy with Belkaglazer EA?

At this moment, there are no reviews for this EA on trusted third-party websites. This tells us that not many people are currently using the system.