Belkaglazer EA Review – A Detailed Look at This Automated Trading Robot

Belkaglazer EA is an automated trading robot that allows traders to build and implement diverse trading strategies across different markets like forex, crypto, indices, and futures. This expert advisor (EA) is designed for advanced algorithmic traders and employs multiple models and filters to identify and execute trades.

In this comprehensive review, we will analyze Belkaglazer EA’s features, performance, strategies, transparency, pricing, and customer feedback to determine if it is a worthwhile investment for traders.

Belkaglazer EA

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Overview of Belkaglazer EA

Belkaglazer EA was created by Dmitry Shal, a Russian developer and trader based in Moscow. Dmitry claims to have over 10 years of trading experience and a bachelor’s degree in economics.

The EA is programmed to trade automatically based on the settings and strategies configured by the user. It works on the MetaTrader 4 and 5 platforms and can trade forex, crypto, futures, and indices.

Main Features

  • Works on MT4 and MT5 platforms
  • Automated trading system
  • Applicable to forex, crypto, futures, indices
  • Customizable trading strategies
  • Multiple models – PriceChannel, Pivot, PriceAction, PRNG
  • Advanced filters like news, volatility, trend
  • Flexible order management system

How Belkaglazer EA Works

Belkaglazer EA employs four key models that analyze market conditions and identify trading opportunities. These models have clear logic and analytical foundations.

The EA allows traders to build and backtest strategies based on these models. Some of the strategies supported include:

  • Momentum trading
  • Breakout trading
  • Mean reversion
  • Scalping

It also has advanced filters that help validate trades before execution. These include news, volatility, trend, and other filters that assess market conditions.

Belkaglazer provides a sophisticated trade execution system with support for stop loss, take profit, trailing stops, and partial closes. It can place market, pending, stop and limit orders. The system automatically adjusts for 4 and 5 digit brokers.

The EA does not use any risky money management techniques like martingale, grid, or hedging by default. However, users can enable these at their own risk.

Overall, Belkaglazer provides traders with an institutional-grade trading framework to research, build, and execute automated strategies across different markets.

Performance and Backtests

According to the developer, Belkaglazer EA has been backtested to 99.9% modeling quality with variable spreads. The backtests match the results of live trading.

However, the backtest screenshot on the sales page shows a risky grid trading strategy rather than the more conservative approaches claimed. This raises some questions on the reliability of backtests. Independent backtesting is advised.

Some verified Myfxbook results are available showing consistent profits over several years but drawdowns of 15-20% are common. Conservative position sizing is recommended when using this EA. Past performance does not guarantee future results.

Trading Strategies

Belkaglazer EA incorporates several trading strategies based on its underlying models:

Breakout Trading

This strategy looks to enter trades when price breaks out of identified support and resistance levels. The breakout signals momentum in the direction of the break which can lead to rapid price movement.

Momentum Trading

The momentum strategy enters trades in the direction of strong price movement and trends. It aims to benefit from sustained upside or downside momentum in the market.

Mean Reversion Trading

This strategy assumes prices tend to revert to their mean or average. Trades are taken counter to the current price trend, with the expectation that prices will soon reverse.

These strategies can be customized via the EA settings and set files. The strategies focus on taking advantage of short-term patterns and momentum based on the different analytical models.

Advanced traders can also code and backtest their own strategies through the EA.

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Transparency of Creator

Dmitry Shal, the creator of Belkaglazer EA, provides some background on his trading experience and development process. However, there is limited verifiable history on his background in trading or software development.

The lack of transparency on his qualifications and track record makes it difficult to assess the reliability of this trading software. More information on his history and credentials would improve trust in the product.

Technical support is available by email and through messaging platforms like MQL5 and Alpari. The developer seems responsive to queries based on user reviews.

Pricing and Purchase Options

Belkaglazer EA is sold through the MQL5 marketplace in two versions – one for MT4 and one for MT5.

The price for each platform version is $499. This is relatively expensive compared to other EAs.

A discounted rental option is available:

  • 3 months for $149
  • 6 months for $249

The EA can also be tested for free using the demo version before purchase.

MQL5 offers secure payment and delivery of the software but a money-back guarantee is not provided by the vendor. Refunds help evaluate product satisfaction.

User Reviews and Ratings

Independent user reviews for Belkaglazer EA are largely positive. On MQL5, it has a 5-star rating with users praising the documentation, support, and performance.

On forums like ForexPeaceArmy, DonnaForex, and ForexFactory, clients highlight the detailed trading strategy options, flexibility, and responsiveness of the developer.

The complexity of the software does lead to some complaints about the learning curve. Care is required in configuring and optimizing the EA for best results.

Overall, client feedback indicates Belkaglazer EA provides a robust trading framework for advanced algorithmic traders. It does require programming skills and trading experience to fully utilize its capabilities.

Final Verdict – Is Belkaglazer EA Worth It?

In summary, Belkaglazer EA is a powerful but complex trading software designed for experienced traders. Here are the key takeaways from our detailed review:


  • Institutional-grade trading functionality
  • Multiple models and strategies
  • Backtesting and optimization tools
  • Wide market compatibility
  • Positive client reviews


  • Expensive compared to competitors
  • Steep learning curve
  • Lack of transparency on developer
  • Mediocre backtest and live results

Belkaglazer EA provides professional-level tools for building automated trading strategies across different markets. But it requires significant trading knowledge and programming skills to use effectively.

Less experienced traders may find it difficult to properly configure and are likely better off with simpler “set and forget” EAs.

Given the high price tag and complexity, conducting thorough backtesting in demo mode is highly recommended before purchasing. Overall, Belkaglazer EA shows promise but is primarily geared for advanced algorithmic traders.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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