Site icon Investing in the forex market

EA Red Dragon MT5


The Expert Advisor uses the main strategy on the breakdown of the most important resistance and support levels. An adaptive algorithm for transaction tracking is used. The Expert Advisor uses a small stop loss, which means that the account is always protected from drawdowns, and the risk per trade is very low.

The Expert Advisor has an integrated system for closing positions in case of slippage. (it is possible to configure).

Backtesting and optimization were performed on real ticks with a history quality of 99.9%. The Expert Advisor has successfully passed stress testing.

The Expert Advisor implements an algorithm for collecting statistics and displaying statistics on the dashboard.

Real monitoring: http://referer.us/?https://www.mql5.com/en/signals/809719

Attention! The Expert Advisor is only for “hedging” accounts.

Version for Meta Trader 4: http://referer.us/?https://www.mql5.com/en/market/product/14599

Read More…

Attention! The Expert Advisor is only for “hedging” accounts.

Attention! The Expert Advisor is only for “hedging” accounts.

Version for Meta Trader 4: http://referer.us/?https://www.mql5.com/en/market/product/14599

Working currency pair / timeframe: EURUSD M30.
  • Does not use Martingale.
  • Does not use Ilan.
  • Does not use Arbitration.
  • Does not use a Grid.
  • Does not use Other risky strategies.
  • Always applies stop loss to protect capital.
  • It is based on the original author’s algorithm.
  • Works with different brokers.
  • It can work with a small deposit.
  • Only pending orders.
  • It can work with fixed lot and MM.
  • Does not open orders with a high spread. (it is possible to configure).
  • 5-digit quotes.
  • The maximum spread is from 0-20 points.
  • The minimum deposit is$100.
  • Be sure to use a VPS with minimal network latency to the broker’s server.
  • ECN broker with low commission and spread.
  • Leverage of 1:100 or more is recommended.
  • Order Type — trading directions.
  • Magic — The magic number for the orders.
  • Order comment — Comments on the order.
  • Slippage — Acceptable slippage before the order is triggered.
  • Use custom slippage-set to true – the order will be closed if the slippage is more than custom slippage.
  • custom slippage — Slippage to close the order.
  • Max Spread — Maximum allowable spread before triggering a pending order.
  • disable trade if spread high — Disable trading for a certain time (from 5 minutes to 24 hours) if the average spread exceeds Max Spread.
  • Use_Risk_MM — If set to true, the lot size increases as the account balance increases.(Risk management).
  • Percentage_Risk — Increasing the lot size based on the balance sheet (risk management in %).
  • Lot — The lot is constant ( if use_risk_mm is false).
  • Take_Profit — Take profit in points.
  • Stop_Loss — Stop loss in points.
  • Trailing Stop — Trailing stop points when the position is in profit. (-1 = off, 0 = Stop_Loss ).
  • Trailing Step — Step trailing points when the position is in profit.
  • breakdown past weeks — If true, we use the breakdown of previous weeks.
  • Adaptive Trailing Stop:
    • Risk_Protection_on_slippages — If set to true, the Expert Advisor uses a system for closing positions in case of slippage.
    • Adaptive_Trailing_to_slippages — If true – Adaptive trailing stop.
    • Change_correction_coefficient — The sensitivity coefficient of the trailing.
    • Adaptive_by_Time — The algorithm of adaptive trailing at the time.
    • Time_Scale — The time range for the analysis of price.
  • Risk_Protection_on_slippages — If set to true, the Expert Advisor uses a system for closing positions in case of slippage.
  • Adaptive_Trailing_to_slippages — If true – Adaptive trailing stop.
  • Change_correction_coefficient — The sensitivity coefficient of the trailing.
  • Adaptive_by_Time — The algorithm of adaptive trailing at the time.
  • Time_Scale — The time range for the analysis of price.

Trading within a week:

  • Monday — If true, we trade on Monday.
  • Tuesday — If true, we trade on Tuesday.
  • Wednesday — If true, we trade on Wednesday.
  • Thursday — If true, we trade on Thursday.
  • Friday — If true, we trade on Friday.

Trading by time within the day:

  • Use time — If set to true, trading is timed.
  • gmt_mode — Mode for determining the offset of the broker’s server time relative to GMT. (0 – unused).
  • Every_Day_Start — Start time (hh: mm).
  • Every_Day_End — End time (hh: mm).

Shutdown time on Friday:

  • Use time — If set to true, trading is timed.
  • gmt_mode — Mode for determining the offset of the broker’s server time relative to GMT. (0 – unused).
  • Disable_in_Friday — Closing time on Friday (hh: mm).



Free Download and Review EA Red Dragon MT5 from Fxbotreview.com/

Exit mobile version