Belkaglazer

Belkaglazer - Review

Profitable
Based on backtest and analysis

User Rating:

4.3 (7 ratings)
Platform:
MetaTrader 4, MetaTrader 5
Market place:
MetaTrader Market
Price:

499 USD

Latest tested version:
v1.999
Latest tested date:
Aug 14, 2020

Description from vendor:

Belkaglazer EA is a fully automated Expert Advisor for creating diverse long-term trading strategies in different markets: FOREX, FORTS, Crypto, Indices. It is designed for professional algorithmic traders.

Table of Contents

Checklist

  • Demo signal available & profitable
  • Real signal available & profitable
    • Total Equity of real signal > 5 000 USD
    • Real signal older than one year
  • Buyer reviews credible & coherent
  • Passive & balanced marketing strategies
  • Sincerity & honesty of provider convincing (no signs of fraud)
  • Avoidance of dangerous strategies
  • Explanation of operation adequate
  • Backtest feasible
  • Set files available or not required

Notes on the checklist:

If even only one point has to be answered with no, caution is advised. Furthermore, the presence of a profitable demo signal has a low significance for us. Because even if a demo signal exists and is profitable, no profitability on the real signal can be derived from it. Only if the existing demo signal is unprofitable, the real signal will be unprofitable with very high probability.

The checklist is based on the hints that can be read here: How to Detect and Avoid Expert Advisor Fraud and Scams.

Live signals

Live signals: MQL5 Market, Myfxbook, Myfxbook Autotrade (offline: May 17, 2021)

Raw backtest results

The seller provides a very large number of setfiles on his own website. We have decided to make a small selection based on performance.

The backtest results can only be viewed properly on high resolution screens. Occurring various anomalies (e.g. missing ticks for specific time periods) in the backtest results were analyzed and removed with the Quant Analyzer 4 from StrategyQuant. Based on this analysis all further signal processing and statistical analysis were performed with Matlab from MathWorks.

Click on one of the tabs below to open the corresponding backtest.

Statistical analysis

The seller provides a very large number of setfiles on his own website. We have decided to make a small selection based on performance.

SetfileSortino RatioDownside DeviationIndependence Factor
0-Limit[MR][PCh][v1.900][NY_CloseTrading]_AUDNZD_M51.221.151
0-Limit[MR][PCh][v1.900][NY_CloseTrading]_EURUSD_M50.492.361
0-Limit[MR][PCh][v1.900][NY_CloseTrading]_GBPUSD_M51.631.781
0-Limit[MR][PCh][v1.900][NY_CloseTrading]_USDCAD_M50.970.90.54
0-Limit[MR][PCh][v1.900][NY_CloseTrading]_USDCHF_M51.410.751
0-Limit[MR][PCh][v1.999][NY_CloseTrading]_USDCAD_M5_(D)0.61.190.54
1-Stop[BR][PCh][v1.778][Daily_levels]_EURUSD_M30_L1_(ATR)0.623.61
1-Stop[BR][PCh][v1.818][Daily_levels]_BTCUSD_M30_L1_(ATR)0.761.521
2-Market[MR][PCh][v1.778][NY_CloseTrading]_USDCHF_M10.570.891
2-Market[MR][PCh][v1.787][LondonOpen]_EURUSD_M300.621.961
2-Market[MR][PCh][v1.900][NY_CloseTrading]_CHFJPY_M5_(B)0.751.741
3-Market[M][PA][v1.818][Impulse_Intraday]_BTCUSD_M603.631.411
3-Market[M][PA][v1.900][Impulse_Intraday]_EURUSD_M1_(60)1.632.431

Single setfiles / strategies

The two following figures show the single setfile or strategy results with unchanged performance results (left) and results modified taking into account the risk and independence factor (right). Due to the normalization the final balances in the right curve are irrelevant, what counts is that the balance sheets with higher risk and higher correlation are weighted lower.

Belkaglazer - 11
Belkaglazer - 13

Portfolio with all setfiles / strategies

The two following figures show the portfolio balance with unchanged performance results (left) and results modified taking into account the risk and independence factor (right). Due to the normalization the final balance of the right curve is irrelevant, what counts are the slightly smoother curve and the statistics.

Belkaglazer - 15
Belkaglazer - 17

Final statistical results of the portfolio

The factors show significant improvements by weighting each strategy. Very striking is the Sortino ratio, which increases by about 120%.

Portfolio related factors (on monthly basis)UnweightedWeightedImprovement
Sortino ratio5.011211.0886121.3 %
Return/Drawdown ratio53.287673.13937.3 %
Calmar ratio0.585580.8037337.3 %

Weighted: Downside Deviation and Independence factor

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