Belkaglazer Expert Advisor

Belkaglazer is a complex EA allowing traders to build diverse trading algorithms and create custom FX market research.

  • The EA is based on 3 models: PriceChannel [PCh], Pivot, PriceAction [PA]. The models have a clear logic. The EA has a modular structure.
  • The EA can trade momentum, breakout, counter-trend, mean-reversion, scalping strategies depending on settings or set-files;
  • It supports Limit/Stop and Market orders and works with Instant and Market execution;
    Belkaglazer How It Works
  • The EA is designed in a clear and logical way and provides tools for creativity and research. All settings/strategies are fully customizable;
  • The EA can use different types of MM. Author’s strategies do not use Martingale, grid, hedging and other risky Money Management techniques, every trade is protected by stop-loss;
  • Backtests with 99.9% modeling quality and variable spread. Backtest results match live trading;
  • The EA automatically adjusts for 4 and 5 digit quotes.

Strategies (CurrentList)

Belkaglazer Strategy

  • Breakout [BR] is the price movement through certain support/resistance levels that prevent prices from moving lower/higher. The breakout strategy typically enters the market during periods of high volatility with a buy/sell pending stop order that is placed at a horizontal resistance/support level. Strong price movement may be a trigger for a breakout. Breakout[BR] trading is a form of Momentum[M] trading.
  • Momentum [M] is a general class of strategies based on the continuance of current trends. The idea behind this strategy is that after a significant short term movement the price will continue to move in the given direction until it loses strength. This strategy consists in buying/selling an asset after an unusually large upward/downward price movement. As a rule, it opens a position with a market order executed in the momentum direction.
  • Mean Reversion [MR] is a general class of strategies based on the assumption that after a strong movement the price will revert back towards the mean (average value). This strategy is often referred to as counter-trend or reversal trading. It consists in selling/buying an asset after an upward/downward price movement. The strategy enters the market in the opposite direction with a pending limit or market order when the price comes close to a support/resistance level.

Models

Belkaglazer Price Channel Model

  • Price Channel [PCh] model uses horizontal support [Low] and resistance [High] levels based on the minimal/maximum prices (extreme) confirmed during a certain period of time. The PCh model can be used as a breakout or mean-reversion strategy. It is possible to set/adjust the offset of the High/Low levels for optimization purposes. The optimal TP/SL levels for the MR/M are in the middle of the price range (HL/2 level).

Belkaglazer Price Channel Model

 – Inclined Lines (PCh Mode) [added in 1.79 version of the EA]. In this mode, the EA constructs two inclined lines (support and resistance levels) based on two confirmed extrema, forming a price range. The ‘ExpirationBars‘ parameter determines a maximum lifetime of an inclined line since its construction.

Belkaglazer Pivot Model

  • Pivot model uses pivot points to determine critical support and resistance levels. The EA calculates central line (CL) at a specified time (Initial Hour) using the following formula: CL = (Highest Price (Period)) + Lowest Price (Period) + Close Price At Specific Time) / 3. Support levels (SL) and resistance Levels (RL) are then calculated off this central line: SL = CL – a Percentage of the Daily ATR (Average True Range); RL = CL + a Percentage of the Daily ATR. The Pivot model can be used as a BR/MR strategy.

Belkaglazer Price Action Model

  • Price Action [PA] model is based on the analysis of prices at a specified time and/or place. The model identifies simple M/MR patterns and can be used to build a seasonal trading strategy.

Filters

Filtering is a way to improve the quality of trades and the performance of a strategy. Filtering reduces the number of trades and increases the profit factor. The filtered strategy has a higher Average Trade (Total Net Profit / Number of Trades). Unfortunately, filters can’t turn a losing strategy into a winning one. Therefore, a good strategy should be profitable without filters. 
Using too many filters may result in over-filtering and curve-fitting!

The following filters can be used:

  • Trend filters
    Trend filters allow a strategy to open trades only in the direction of an overall trend, filtering out losing trades against the trend.
    Methods: Daily EMA, Daily HL/2;
  • Volatility filters
    Volatility filter will ignore signals if the volatility is too high or too low.
    Methods: Intraday (width of the local price range), Daily (based on the daily ATR);
  • Pivot/Range/Shadow/Hurst/RSI filters might help find good market conditions.

Execution

The buy/sell signal generated by a trading algorithm (model+filters) is executed as a limit/stop/market order.

Open Positions Management

The trading system manages open positions using take profit, stop-loss, time-stop, trailing-stop and other tools.

Research

The Belkaglazer Researcher may help you with ideas for creating a new trading strategy.

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