Blueshift is a newly launched expert advisor designed for Intraday trading XAUUSD (Gold) and XAGUSD (Silver). The devs of this EA claim it can provide a ‘very high-rate of winning trades’. How profitable is this trading software? How does it work? Scroll down to read our in-depth Blueshift review. Key features, trading strategy, vendor transparency, trading results, price, and much more information about Blueshift as a trading tool is explained below.
Blueshift EA: To Trust or Not to Trust?
We do not think it is a good EA to invest. Wait some time to see how the EA will perform in the nearest 4 months or so.
Features
Let’s analyze the key features, price, strategy, timeframe, pairs, settings, support, and much more details of this EA:
- It’s a 100% automated system designed for Intraday trading
- It is based on Wpr and Ma indicators
- The dev claims their robot can generate high profits
- It only trades XAUUSD (Gold) and XAGUSD (Silver)
- It works on the M15 timeframe
- The robot places SL and TP for every trade
- It opens trades when the counter-trend time comes
- The dev says the EA does not use Martingale or Grid, only Real Stop Loss and Take Profit
- The robot is compatible with all brokers, but for better trading, the vendor recommends ENC brokers
- The dev recommends a low latency VPS
- The recommended leverage is 1:10 or higher
- The recommended deposit is $100
- The dev provides us with three lists of settings on their MQL5 page:
The vendor mentioned that there is the last copy that is being sold for $399. The price for the next 10 copies will be $499. Blueshift expert advisor is also available for renting and costs $369/per month. It’s too much and sounds abnormal. The vendor also claims that those who have already bought this EA can write feedback at MQL5 and get a Second EA for Free.
There is no money-back guarantee provided.
Trading Results
The vendor provides a backtesting report performed on the M15 timeframe. It started in 2003 and ended in 2021. The robot traded XAGUSD (Gold VS Dollar) with a modeling quality of 99.90%. Spreads were variable. The initial deposit was $1000. The robot has traded 796 trades and won 745 out of them which represents 93, 53%. Its average trade loss is small – 6.41% (51 trades). For 18 years of trading activity, the EA has brought $211383, 96 of profit. Its maximal drawdown was 9, 38%. Its profit factor was extremely high – 270.
It is a Real USD account that works on EXNESS brokerage and trades on the MT4 platform with a high 1:2000 leverage. Its track record and track privileges are verified. The robot was launched on Jan 27, 2021, and deposited at $88,73 (total deposit amounts $1,008). For 2 weeks of trading, its total gain dropped to -1.04%. The maximum drawdown was 11.87%.
It has traded 8 trades with -2091 pips. Its average loss (-$60, 37) is 10 times higher than the average win ($7,13). Its average loss in pips is incredibly high – 3019 pips, while the average win is only 132, 57 pips. The win-rate is100% for Longs and 66% for Shorts. The average trade duration is 7 hours and 21 minutes. The Profit Factor is low and equals 0,83.
It trades XAG/USD and XAU/USD. You can see the lost deals were traded on Silver.
It trades 4 days a week: Monday, Tuesday, Wednesday, and Friday:
The robot trades with an incredibly high risk to the account balance.
Blueshift robot sets 10 times higher Stop Loss levels than Take Profit ones. It is too risky for trading.
Vendor Transparency
Marco Solito released this EA on January 10, 2021. The system has immediately got a 1.10 version instead of 1.00. It was Demo downloaded 910 times. Marco Solito is a developer of 3 products, including Blueshift: Redshift and Dark Venus. He has a high rating in the MQL5 community. On his profile page, he says that he recommends using his products on an ECN broker and trading with good quality and reliable VPS. Unfortunately, he says nothing about himself or what trading experience he has. We only know that he lives in Italy. Marco provides a direct link to his Telegram group, which currently counts 1706 subscribers (it’s a good result as for an EA that was launched 1 month ago).
