Belkaglazer EA Characteristics

Belkaglazer EA is a robot that was released many years ago in 2017. Its developer is Dmitriy Shal. The data of release was April 6, 2017. The current version is 2.169. It was updated on December 14, 2020. 

Belkaglazer EA: Characteristics

There are several features of this EA explained. We can check them on MQL5:

  • It performs deals fully automatically on the MetaTrader 4 terminal.
  • The robot can work with various financial instruments: Forex, Forts, Crypto, Indices.
Belkaglazer EA Characteristics
  • We have a picture with an explanation of how the system works under a four-step model of proceeding with any order (Modeling, Filtering, Executing, and Managing).
  • There are trading logics: PriceChannel, Pivot, PriceAction, PRNG.
  • The robot works with 4 and 5-digit quotes. 
  • The system is featured by a High-Impact News filter.
  • It can detect GMT Offset automatically. 
  • The money-management protects all open orders with TP and SL levels.
  • The robot is free to be customized.
  • Tests were performed with 99.9% modeling quality and variable spread.
  • “There is a possibility to create a FIFO compliant portfolio.” It’s hard to understand what they mean without additional explanations. 
  • There’s a statement that the system can have “Bad years.” It sounds weird. If the system loses several months in a row, it’s removed ASAP. 
Belkaglazer EA presentation
  • There are no explanations about the additional strategies on the board. 
  • The robot requires a VPS service to execute deals quickly.
Belkaglazer EA. The presentation includes some screenshots of how the strategies spot trades and set Take Profit and Stop Loss levels.
Belkaglazer EA. The presentation includes some screenshots of how the strategies spot trades and set Take Profit and Stop Loss levels.
Belkaglazer EA. The presentation includes some screenshots of how the strategies spot trades and set Take Profit and Stop Loss levels.
Belkaglazer EA. The presentation includes some screenshots of how the strategies spot trades and set Take Profit and Stop Loss levels.
  • The presentation includes some screenshots of how the strategies spot trades and set Take Profit and Stop Loss levels.

Currency Pairs, Strategy & Timeframe

  • The system works with momentum, breakout, counter-trend, mean-reversion, scalping, and other strategies.
  • It works with Limi, Stop, Market orders, and Instant execution or Pending orders.
  • There weren’t risky strategies like Grid, Hedge, or Martingale applied.
  • We have trading results for EUR/USD and GBP/USD symbols. 

Belkaglazer EA Trading Performance

Belkaglazer EA backtests

There are backtests for various strategies. This is the test of the scalping strategy on GBP/USD on the M5 time frame. The data period was chosen from 2013 to 2019. The modeling quality is 99.90%. An initial deposit was $1000. The total net profit has amounted to $5957. The Profit Factor was 1.82. The maximal drawdown was 10.05%. The robot has closed 2493 deals with a 80 win-rate from Longs and 74% for Shorts. The win-streak is five deals.

Belkaglazer EA Myfxbook

The system was run on a real USD account. The robot worked automatically. The leverage was 1:500. It worked on the MetaTrader 4 platform. The track record and trading privileges were verified. The account was created on October 30, 2017, and deposited at $120. Since then, the absolute gain amounted to +194.33%. An average monthly gain was 2.70%. The maximum drawdown was 18.77%.

Belkaglazer EA advanced statistics

Belkaglazer EA traded 615 deals with 855 pips. An average win was 7.75 pips when an average loss was -13.61 pips. The win-rate was 63% for the BUY direction and 78% for the SELL direction. An average trade length was two hours. The Profit Factor was 1.22. It’s quite a low result. 

Belkaglazer EA trading results

The main symbol to trade was EUR/USD. It closed 596 deals with $266.66 of the profit.

Belkaglazer EA trading results

The system focused on opening trades during the Asian and European sessions.

Belkaglazer EA trading results

Tuesday (201) and Wednesday (194 deals) were the most traded days.

Belkaglazer EA trading results

The system ran the account with high risks to the balance. There was a 40, 79% chance of losing 10% of the account balance.

Belkaglazer EA trading results

The system worked with Grids of two orders.

Belkaglazer EA monthly gain
Belkaglazer EA monthly gain

The monthly trading results looked horrible. 

How much does it cost?

Belkaglazer EA price
  • The robot costs $499 for a copy.
  • The previous price was $398. 
  • There’s a 3-month rental option for $149 is available. Its pricing wasn’t changed. 
  • We can download a free demo version to look at it on the terminal.
  • The developer doesn’t provide us with a money-back guarantee. It’s so typical for MQL5. 

Reviews from customers

Belkaglazer EA Reviews from customers

This answer is ridiculous. The developer is good but has no time to support.

Belkaglazer EA Reviews from customers

There are several comments that range in time so much and can’t represent a current state. 

Belkaglazer EA Reviews from customers

As we can see, this comment remains unanswered. 

Should You Use Belkaglazer EA?

ProsCons
Backtest reports providedNo settings explanations provided 
A rental option is available No money-management advice given
No current  trading results available 
The developer stopped answering people questions 
High pricing for the stopped and unsupported robot

Conclusion

Belkaglazer EA is a scam trading advisor. The presentation couldn’t convince us that investing in it is a good decision. The robot was stopped from trading on the “real” account. Trading results looked quite random. The offer is overpriced, and there’s no refund policy provided.