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Algo Shadow Matrix MT4 (MT4) — review, price and free alternatives
MT4 indicator$47 on MQL5by Kestutis Balciunas
Algo Shadow Matrix MT4 is a MetaTrader 4 indicator by Kestutis Balciunas, sold on the MQL5 Market for $47. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Algo Shadow Matrix MT4 — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Indicator
- Developer
- Kestutis Balciunas
- Price
- $47
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Algo Shadow Matrix MT4 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Algo Shadow Matrix is a non-repainting adaptive trend indicator for MetaTrader 4 that solves vanilla Supertrend's biggest weakness — fixed-width bands that whipsaw in chop and lag in clean trends.
Before you buy Algo Shadow Matrix MT4
What to check first
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 indicator in the Strategy Tester before you buy.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Algo Shadow Matrix MT4
Compiled from its public MQL5 listing. FxRobotEasy has not traded Algo Shadow Matrix MT4; what these notes say about how it works comes from that listing.
Overview
This comprehensive 2026 Algo Shadow Matrix MT4 review examines real performance and trading analysis to help you make informed decisions. Algo Shadow Matrix MT4 by Kestutis Balciunas represents a comprehensive automated trading solution for MT4 traders. What sets Algo Shadow Matrix MT4 apart is its balanced approach to trade execution and capital preservation.
Risk notes
Algo Shadow Matrix MT4 implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT4 platform compatibility
- Developed by experienced Kestutis Balciunas
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing Algo Shadow Matrix MT4 on MT4 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free tool · from FxRobotEasy
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EASY Fortressby FxRobotEasy
Free MT5 account guard — daily loss limit and drawdown lock. It opens no trades.
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick EASY Fortress and set your limitsIt guards the account and opens no trades.
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The team's notes, every day
- What we ship, what breaks and how we fix it
- EASY Fortress in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Algo Shadow Matrix MT4 or EASY Fortress?
| Algo Shadow Matrix MT4 | EASY Fortress | |
|---|---|---|
| How you get it | Buy on MQL5 ($47) | Free installer |
| Platform | MT4 | MT5 |
| Public account reports | — | Not applicable |
| Made by | Kestutis Balciunas | FxRobotEasy |
Algo Shadow Matrix MT4 modelled Strategy Tester aggregate
As of July 21, 2026-7.16%
Simulated average ROI
28.96%
Simulated average drawdown
1,340
Simulated trades
0.90
Simulated profit factor
43.8%
Simulated win rate
2
Modelled scenarios
Subject: Algo Shadow Matrix MT4 averaged across FxRobotEasy modelled Strategy Tester scenarios — simulated, not live or broker-verified trading. Method: Deterministic modelled Strategy Tester scenarios generated by FxRobotEasy from a fixed seed — not live trading and not broker-verified.
Algo Shadow Matrix MT4 — questions
What is Algo Shadow Matrix MT4?
Algo Shadow Matrix MT4 is a MetaTrader 4 indicator published on the MQL5 Market by Kestutis Balciunas, priced at $47 USD. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does Algo Shadow Matrix MT4 work on MT4 or MT5?
Algo Shadow Matrix MT4 runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Algo Shadow Matrix MT4 cost?
Algo Shadow Matrix MT4 is a paid product listed at $47 USD on the MQL5 Market, the price recorded when its listing was last checked on 2026-05-21. It is sold and downloaded through the developer's (Kestutis Balciunas) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Algo Shadow Matrix MT4?
FxRobotEasy has not traded Algo Shadow Matrix MT4 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Algo Shadow Matrix MT4 elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.