Red Dragon EA
EA Red Dragon is work based on the breakdown of the most important support and resistance levels. It uses an adaptive trade trailing algorithm. Red Dragon EA always uses a very small SL, so the account is mostly protected from big-equity drawdown with a very low risk-per-trade.
This free forex EA has an information panel that contains a collection of statistics of the algorithm. Red Dragon EA was back-tested and optimized using real ticks with 99,9% quality and successfully passed multiple stress testing. It also doesn’t utilize Martingale, GRID, Averaging, and other dangerous strategies.
Setting / Recommendations
- Currency Pair: Work Best On EURUSD. (Work on any pair)
- Equity: Minimum account balance of 100$
- Timeframe: Work best on M30 Time Frames
- Leverage: 500
- Broker: Zero Spread/Fixed Spread/Raw Spread or ECN Broker: To Know More-Click
- VPS: Let the EA work un-interrupted with VPS: Click Here
Input Parameters
- Order Type — Trade direction.
- Magic — The magic number of the EA’s orders.
- Order comment — A comment to the EA’s trades.
- Slippage — Allowable slippage before an order triggers.
- Use custom slippage — When set to true, the EA will close orders is slippage is above custom slippage.
- custom slippage — Slippage value to close orders.
- Max Spread — Maximum Spread allowed before pending order triggers.
- disable trade if spread high — Disable trading for some time (from 5 minutes to 24 hours) if the average spread exceeds Max Spread.
- Use_Risk_MM — When set to true, lot size is increased together with account balance increase (Risk Management).
- Percentage Risk — Lot size increase based on the balance value (Risk Management in %).
- Lot — Fixed lot value (if Use_Risk_MM – false).
- Take Profit — take profit level in points.
- Stoploss — stop loss in points.
- Trailing Stop — Trailing Stop points when the position is in profit. (-1 = off, 0 = Stoploss ).
- Trailing Step — Trailing Step points when the position is in profit.
- breakdown past weeks — When set to true, the EA uses breakdown of past weeks.
- Adaptive Trailing Stop:
- Risk_Protection_on_slippages — If true, the EA also applies position closure in case of a slippage.
- Adaptive_Trailing_to_slippages — If true – adaptive trailing stop.
- Change_correction_coefficient — Trailing sensitivity coefficient.
- Adaptive_by_Time — Algorithm of adaptive trailing by time.
- Time_Scale — time interval for price analysis.
Trading within the week:
- Monday — When set to true, trading on Monday is allowed.
- Tuesday — When set to true, trading on Tuesday is allowed.
- Wednesday — When set to true, trading on Wednesday is allowed.
- Thursday — When set to true, trading on Thursday is allowed.
- Friday — When set to true, trading on Friday is allowed.
Time trading within a day:
- Use time — when set to true, trades in certain time intervals.
- Time Setting — server time or computer time.
- GMT_mode — GMT offset of the broker server time. (0 – not used).
- Every_Day_Start — operation start time (HH:MM).
- Every_Day_End — operation end time (HH:MM).
Friday close time:
- Use time — If true, trades at a certain time.
- Time Setting — server time or computer time.
- GMT_mode — GMT offset of the broker server time. (0 – not used).
- Disable_in_Friday — operation end time on Friday (HH:MM).
2020/05/01 to 2020/12/01 | Default Settings |EURUSD M30
NOTE:
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DISCLAIMER: Please read carefully before you decide to invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favourable results. Before you purchase, please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat into the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this we recommend that you test the EA on your own broker account using many variations of currencies, time frames and settings to make sure you experience favourable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products, you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.