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EA Red Dragon

$55.00

The Expert Advisor uses the strategy based on the breakdown of the most important support and resistance levels. Adaptive trade trailing algorithm is used. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade.

The EA integrates a system of partial position closure during slippages (can be configured).

It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing.

The EA contains the algorithm of statistics collection with output on the information panel.

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Description

https://www.mql5.com/en/signals/167715

https://www.mql5.com/en/market/product/14599

Key Advantages

  • Does not use Martingale.
  • Does not use Ilan.
  • No arbitrage.
  • No Grid.
  • Does not use other risky strategies.
  • Always use of stop loss to protect capital.
  • Based on genuine ‘in-house’ algorithm.
  • Works with different brokers.
  • It can work with a small deposit.
  • Only pending orders.
  • Can work with fixed lot and MM.
  • Does not open orders with a high spread. (can be configured).

Requirements and Recommendations

  • 5-digit quotes.
  • Maximum allowed spread — 0 to 20 pips.
  • Minimum deposit is 100$.
  • Use VPS or hosting server with minimal network latency to the broker’s server.
  • ECN broker with low commission and spread.

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.
  • Stop_Loss — stop loss in points.
  • Adaptive Trailing stop — When set to true, the EA uses an adaptive trailing stop.
  • Trailing Stop — Trailing points when the position is in profit. (-1 = off, 0 = Stop_Loss ).
  • Smart stop loss — Smart SL points (-1 – disable)
  • Risk Protection Close Orders — When set to true, the EA uses forced position closing to protect against losses.
  • breakdown past weeks — When set to true, the EA uses breakdown of past weeks.

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).

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