Naragot Portfolio Review

Oct 5, 2021 08:45 AM ET
Naragot Portfolio Review

Naragot Portfolio is a weirdly named robot that was released on the MQL5 community. The system was downloaded over 800 times. The developer is Alexander Mordashov. In this Naragot Portfolio review, we will be analyzing this trading tool, its strong and weak sides to decide whether it is a worthy EA.

Naragot Portfolio

Type

Expert Advisor

Price

$449

Strategy

Trend trading plus price action

Compatible Platforms

MT5

Currency Pairs

EURUSD, GBPUSD, XAUUSD, and USDJPY

Timeframe

N/A

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

N/A

Trade length

10 plus hours

Trading strategy explanation

We have some explanations provided about how the system works and what features it has:

  • It will work on a terminal completely automatically for us. 

  • We have four copies left for $449. 

  • The next price will be $100 higher, $599. 

  • The main strategy is based on trend following.

  • It’s based on “principles of volatility breakout and breakouts of support/resistance levels.” 

  • The system is available in the version for MT5. 

  • The developer has over four years of trading experience.

  • He has over $700,000 under his management. 

  • The robot works only in the direction of a trend. 

  • “Unlike most sellers, I trade these strategies myself with my own significant funds.”

  • It can use a price action strategy. 

  • It works with EURUSD, GBPUSD, XAUUSD, and USDJPY. 

  • The orders are covered with TP and SL levels. 

  • TP are bigger than SL levels. 

  • It doesn’t use Grid, Martingale, and so on. 

  • There are explanations of how to execute backtests. 

  • “EET - Eastern European Time used by the majority of brokers. It allows dividing trading weeks into 5 24-hours cadles. In this case you should leave the setting at "0". But if your broker uses any other time in the terminal, change this setting. For example if your broker uses GMT time set "-3" or "-2" depending on DST.”

  • It can work with fixed and dynamic lot sizes. 

  • We have to decide what risks we are good with. 

Backtest data analysis

Backtest report of Naragot Portfolio.

Backtest report of Naragot Portfolio.

The system was tested based on 21-year real tick data. The history quality was 96%. An initial deposit was $10,000. The total net profit has become $184,551. The maximum drawdown was 14.91%. The profit factor was 2.15. There were 7366 orders with the rate of 54-56% performed.

Live trading data analysis

Trading Results

Myfxbook Account

Real (USD), IC Markets

Started

March 25, 2018

Deposit

Almost $5000

Balance

$9,929

Gain

89.64%

Daily

0.05%

Monthly

1.51%

Drawdown

38.20%

Profitability

1.11

 

Trading results of Naragot Portfolio.

The system has been running a real account on IC Markets automatically. The leverage is 1:100. The platform is MT4. The track record is verified. The account was created on March 25, 2018, deposited at 4,999, and withdrawn at $100. Since then, the absolute gain has become 89.64%. An average monthly gain is 1.51%, when the maximum drawdown is 38.20%. 

Naragot Portfolio’s statistics.

The system has executed 6,000 orders with 189,647 pips. An average win is 297.16 pips when an average loss is -138.53 pips. The accuracy for longs is 35% when for shorts it’s 43%. An average trade length is over ten hours. The profit factor is 1.11. 

Trading directions.

The system is profitable only on GBPUSD and XAUUSD. Most of the trades were closed on EURUSD, 4278. 

Hourly activities of the robot.

The system trades mostly during the American trading session because of Gold. 

Daily activities of Naragot Portfolio.

It almost skips trading on Monday. 

Trading risks of the system.

The system works with low risks to the balance. 

Closed orders.

The developers decided not to show closed orders. 

Monthly profits of Naragot Portfolio.

The system works completely unpredictable this year. 

The company

Developer’s profile on mql5.

Alexander Mordashov has a 1976 rate. His products have a 4.6 rate based on 24 reviews. His portfolio consists of 9 products. 

Customer testimonials.

The presentation includes many negative testimonials written about how the system works on people's accounts. 

Pricing

Naragot Portfolio’s pricing details.

The system is available for $449. We have no rental options provided. The package includes a single real account license. We have a possibility to download a demo copy of the system. 

Review summary

Pros

Cons

  • Backtest reports provided 
  • No risk advice given 
  • Trading results shown
  • No settings explanations provided 
 
  • The system is too young
 
  • Unpredictable trading results 
 
  • No rental options provided 

Naragot Portfolio is a trading advisor that works completely unpredictably on a real account. We have no idea why the dev, who had the huge experience, decided not to update it. The system requires some of his attention. Now, buying it would be a mistake. 

Rating: 3/10


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