Description

EA Red Dragon MT5

The EA Red Dragon MT5 is designed to enhance your trading strategy by leveraging the breakdown of key support and resistance levels. Utilizing an adaptive trade trailing algorithm, this Expert Advisor ensures your trades are managed efficiently. With a very small Stop Loss (SL), your account remains protected from significant drawdowns, maintaining a very low risk-per-trade.

Key Features

• Partial Position Closure: During slippages, the EA can close part of the position, minimizing risk. This feature is fully configurable.
• Rigorous Testing: The EA has been backtested and optimized using real ticks with 99.9% quality and has successfully passed stress testing.
• Statistics Collection: An in-built algorithm collects trade statistics, displaying them on the information panel.

Supported Pairs and Timeframes

• Pairs/Timeframes: EURUSD M30, H1; USDJPY M30, H1; GBPUSD M30, H1
• Recommended: EURUSD H1, USDJPY H1; EURUSD M30, USDJPY M30

Key Advantages

• No Risky Strategies: Does not use Martingale, Ilan, arbitrage, Grid, or other high-risk strategies.
• Capital Protection: Always employs a Stop Loss to safeguard your capital.
• Proprietary Algorithm: Based on an exclusive in-house algorithm.
• Broker Compatibility: Compatible with different brokers and can work with a small deposit.
• Pending Orders Only: Uses only pending orders.
• Flexible Lot Sizes: Can operate with both fixed lot and Money Management (MM).
• Spread Control: Does not open orders with a high spread (configurable).

Requirements and Recommendations

• Quotes: 5-digit quotes required.
• Spread: Maximum allowed spread is 0 to 20 pips.
• Minimum Deposit: $100 minimum deposit.
• VPS/Hosting: Use a VPS or hosting server with minimal network latency to the broker’s server.
• Broker: Use an ECN broker with low commission and spread.
• Leverage: A leverage of 1:100 or more is recommended.
• Magic Numbers: Ensure different Magic numbers for multiple advisors on the same account.
• Scalping: Verify with your broker if scalping strategies (holding a position for less than a minute) are permitted.