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Red Dragons EA

300 USD

Demo downloaded: 14

Published: 18 December 2024

Current version: 1.56

Red Dragons EA

Experts
Irina Cherkashina
Irina Cherkashina
AC-Capital Ltd/ProfRoboTrading

Germany

13232
4 (20)
I have been actively trading, including with the help of my own expert advisors, on financial markets since April 2012. In addition to trading with my own money, I work as a technical analyst in a mutual fund. In my free time, I like to go to live music concerts, travel, and hang out with friends.

93 products
Version: 1.56
Activations: 5

Universal expert RED DRAGONS carries out deep market analysis using our proprietary indicator, which increases the accuracy of entering and exiting positions, and several existing profitable strategies based on the Locking and Martingale methods, optimized within one strategy, including for fully automatic conservative trading, both with one and several trading instruments at the same time.

Red Dragons's ability to work simultaneously on several trading instruments within one trading account ensures diversification of the trading portfolio and expands the possibilities for making a profit. At the same time, Golden Dragons has the maximum possibility of individual settings, which allows you to customize the expert for your own trading strategies for trading any one or several trading instruments on any timeframes, taking into account the individual wishes of the trader.

ATTENTION! CAREFULLY STUDY THE OPERATING PRINCIPLE AND AVAILABLE SETTINGS OF THE EXPERT ADVISOR BEFORE YOU START USING IT!

This EA uses the Martingale method, so it is important to follow Money Management, for which it is recommended to use dollar accounts for deposits from $10,000, and for deposits below - cent accounts with a lot of 0.01 and 1:2000 or 1:1000.

The Expert Advisor encompasses the following functionalities (by default, all options in the settings are false):
• Time Control: Allows selection of operational periods.
• Timeframe and Lot Size: Specifies the current timeframe and initial lot size for trades.Multiplier:
• Defines the multiplier for subsequent orders.
• Open by Distance: Offers options for distance-based order opening, with associated risks.
• Take Profit: Sets Take Profit levels for remaining orders post-closure.
• Max Positions: Regulates the number of open orders in one direction.
• Max Lot: Limits lot sizes for further orders to manage drawdown.

RECOMMENDATION: Do all options <TRUE>

Other settings:
• Show information on all symbols
• Magic Number - If you work with several instruments simultaneously on one terminal, you need to specify different numbers for each instrument. Also, if the expert has already opened positions, then when changing the number, the expert will start working again, and new positions will not be compared with the previous ones.
• Font size - changing the font in the expert panel

Traders can establish two Drawdown Filters in percentage. These filters govern when the algorithm should automatically switch to higher timeframes, mirroring the functions of previously mentioned parameters.
Additionally, the chart indicates the breakeven level of all open orders as a yellow line, providing crucial insights.

This advisor employs a universal panel displaying essential information for traders, including:
• Ticker of the traded instrument.Count of open BUY and SELL orders.
• Current unrealized drawdown or profit, color-coded for clarity.
• Fixed profit amounts for the current day, week, and month.
• Buttons for manually closing all open BUY or SELL orders as desired.

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Bollinger Bands Stop Indicator holds significant importance for traders navigating the complex world of financial markets. Its relevance lies in several key aspects. Firstly, it aids in trend identification. By analyzing price movements relative to the Bollinger Bands, traders can discern whether the market is in an uptrend, downtrend, or ranging phase. Secondly, the indicator provides valuable insights into market volatility. Wider bands indicate higher volatility, while narrower bands suggest

Our modernized version of the popular channel TMA_TRUE indicator for MT4, which provides information on the main points of trend reversal and momentum exhaustion by drawing a channel on the chart, also draws arrows of signals for buy and sell. As a result, traders can identify bullish and bearish price reversal zones and BUY and SELL accordingly. This indicator works well on all instruments and on all Timeframes. This indicator is the basis of our Channel Trigger EA, which you can buy in MQL

The TrendChannelTracker Indicator is an innovative Forex trading tool. This indicator, which is based on the standard Stochastic Oscillator, provides traders with a unique and simplified method for observing market trends. In contrast to the traditional Stochastic Oscillator, which is shown at the bottom of the chart, the TrendChannelTracker Indicator is built into the price action itself. This removes the need for traders to continually switch their attention between the oscillator and the pri

The Kalires Channel Indicator is a technical indicator used to evaluate trend direction and potential trading opportunities. This is a hybrid indicator that combines Kauffman Adaptive Moving Average (KAMA), linear regression and smoothing. The Kalires Channel Indicator consists of two lines: one central and two outer bands. The central line is a smoothed KAMA modified according to the direction of the trend. The outer bars represent two linear regression lines drawn above and below the center l

The TrendOscillator Indicator is an upgraded version of the traditional Stochastic Oscillator. It comprises two lines: %K and %D. The %K line represents the current market position. In contrast, the %D line is a moving average of the %K line used to generate signals and identify potential entry or exit points. The good thing is the indicator works on all timeframes like the traditional Stochastic. However, to avoid any false signals, applying the indicator on longer timeframes is better

The TMA Centered Bands indicator for MT4 draws bands on the chart and reports the overall price trend, as well as gives arrows signals to buy and sell when the bar closes outside the channel. Unlike many TMAs, our version uses the calculation part of the algorithm without redrawing, and also adds the ability to select a symbol. The bands are made up of moving averages, and each of them has an MA period. The name TMA comes from triangular moving averages, as the indicator draws triangular bands

The BandsFill Indicator is a modified Bollinger Bands with a colored cloud. It has two adjustable parameters: Period Deviation The cloud is colored as follows: If the price crosses the upper band, the cloud is blue. If the price crosses the lower band, the cloud is pink. Thanks to this, the BandsFill Indicator provides traders with an easy opportunity to detect various features and patterns in price dynamics that are invisible to the naked eye. Based on this information, traders can predict

The Red Dragons Support and Resistance Levels indicator automatically determines support and resistance levels using the proprietary algorithm based on historical and current data, so the levels are dynamic, which allows you to adjust trading targets based on the current price movement. For this reason, we use this indicator in our advisors, for example, Red Dragons, which you can purchase here: https://www.mql5.com/en/market/product/128713?source=Site +Market+MT4+New+Rating006 The panel also

The Forex Gangster Indicator allows you to determine the current trend. If the Forex Gangster Indicator line has moved below the price and turned blue, then you should open deals for an increase. If the Forex Gangster Indicator line has appeared above the price and turned red, then you should open deals for a decrease: The indicator is suitable for any time frames, but it needs to be supplemented with filtering indicators, since by itself it is late and does not have time to give an accurate si

This indicator works by plotting fractals on the chart as arrows that can be used as buy or sell signals. It is a great tool for both new and experienced traders as it provides a clear visual representation of the market and helps traders identify fractals. Although it repaints, it can be used quite effectively in conjunction with other tools to filter trading strategies. We use this indicator in this way in our Royal Fractals EA, which you can purchase on the MQL5 Market: https://www.mql5.com

This indicator works by plotting fractals on the chart as arrows that can be used as buy or sell signals. It is a great tool for both new and experienced traders as it provides a clear visual representation of the market and helps traders identify fractals. Although it repaints, it can be used quite effectively in conjunction with other tools to filter trading strategies. We use this indicator in this way in our RoyalFractals II Expert Advisor, which you can purchase on the MQL5 Market: https:

The Teamtrader Channel Stop indicator allows you to determine the current trend. If the Teamtrader Channel Stop indicator line has moved below the price and turned blue, then you should open deals for an increase. If the Teamtrader Channel Stop indicator line has appeared above the price and turned red, then you should open deals for a decrease: The indicator is suitable for any time frames, but it needs to be supplemented with filtering indicators, since by itself it is late and does not have

Moving Averages Divergence 3x3 Indicator uses the crossover technique for signaling the market trend and the trade opportunities as well. It applies 3 formats of the same indicator and allows them to plot the crossover signals which are interpreted as the trade signals along with the direction of the market trend. Moving Averages Divergence 3x3 Indicator can be applied to trade all kinds of forex currency pairs within the financial markets. Although, this indicator works well o

FOREX GANGSTER is a unique Expert Advisor created by a professional prop trader and financial asset manager with many years of experience. This is a solution for those who strive for stable profits without constant control over each transaction or monitoring the work of a trading advisor. Created for optimal conservative trading and investing through exchange instruments with long-term regular profits and minimal risks. The Expert Advisor algorithm is based on a deep understanding of market pat

30 USD

The Wolf Wave Finder Indicator is a popular indicator, that is useful in identifying potential trading opportunities. The indicator works by recognizing the Wolf Wave pattern, which is a well-known pattern used by professional traders to identify potential areas of support and resistance. The indicator is easy to use and provides traders with an easy way to identify potential trades. The Wolf Wave Finder Indicator is a great tool for traders who are looking for a reliable and accurate way

30 USD

This indicator is a fusion of the Parabolic SAR and Fibonacci indicators. Fibo is drawn on the last wave, at the peaks the indicator displays prices for convenience. Parabolic SAR helps to define the market trend and generates trends following trade signals. On the other hand, Fibonacci plots the price retracement levels so that traders can determine a better and safer place to enter the market. Scalping with Parabolic SAR and Fibonacci Overview. For this strategy, in addition to our indicator

30 USD

This is an easy-to-set-up and easy-to-use Expert Advisor that will help you always have the necessary information about your trading account at hand, sending from MetaTrader 4 to you in Telegram: • Account drawdown • Number of open positions • Volume of open positions • Profit per day, week, month How to get an chat ID: - Chat with BotFather to create Bot and get API Token of Bot. If you had Bot, skip the step. - Chat with bot @userinfobot , then the bot will reply your ID. How to set

50 USD

The SYMBOL MANAGER symbol change indicator is an effective tool designed to enhance trading convenience and significantly simplify the trader's experience. This indicator allows users to switch seamlessly between currency pairs and timeframes within a single open window of the trading terminal. Importantly, when switching, the associated template, including indicators and current chart settings, is automatically duplicated, ensuring a consistent trading environment.

30 USD

The Morning Star PRT indicator uses the morning flat breakout principle. The indicator displays morning flat levels and shows possible targets. An additional Fibonacci level has been added to the indicator, as well as sound alerts about the intersection of both target levels specified in the settings and the night flat level. The Morning Star PRT indicator builds a night flat channel at the end of the night, as well as two Fibonacci price levels up and down. These levels can be considered both

30 USD

Indicator Supply & Demand zones PRT– is a custom tool that is used to perform supply and demand zones marking of the chart. The indicator draws lines and rectangles on the chart that highlight resistance/support levels and supply/demand zones. For convenience, both lines and figures are painted in different colors so that the signals are easily distinguished from each other.The indicator draws only fresh levels, that is, those that have not yet been used and the price has not yet broken through

45 USD

This indicator is a powerful tool for traders looking to identify chart patterns, and the benefits of incorporating it into their trading strategy are numerous. This tool effectively identifies and signals potential trends and reversals in the financial markets, thereby increasing trading profitability. Thanks to its advanced algorithm, the indicator can accurately analyze market data, providing traders with valuable information that can help them make informed decisions. Using this indicator al

30 USD

This universal expert advisor is based on our own Algorithm, which is based on effective and time-tested Elliot Wave Theory. This expert advisor is ideal for working both on a flat and during sharp or protracted trend movements (thanks to the Martingale method, according to which averaging positions are opened in accordance with the multiplier and distance set in the settings for accepting a new signal). ATTENTION! CAREFULLY STUDY THE OPERATING PRINCIPLE AND AVAILABLE SETTINGS OF THE EXPERT AD

90 USD

This is the automatic price spike signal indicator for MT4. Plots advance alerts on potential breakouts/pullbacks. Suits forex, stocks & crypto trading strategies. This is a perfect indicator for reversal traders. A spike often indicates a turn-around moment. The best way to use that gauge is to apply it to your favourite trading system as a filter. 這是 MT4 的自動價格飆升訊號指示器。繪製有關潛在突破/回調的預先警報。適合外匯、股票和加密貨幣交易策略。對於反轉交易者來說，這是一個完美的指標。尖峰通常表示轉變時刻。使用該指標的最佳方法是將其作為過濾器應用到您最喜歡的交易系統中

30 USD

The Parabolic SAR & Support/Resistance Levels is not only a technical analysis indicator, used in forex trading to identify potential trend reversals and entry and exit points, but also a ready-made autonomous trading strategy. The Indicator builds upon the PSAR indicator by adding dynamic support and resistance levels to the chart, which can help traders identify key price levels where the market may potentially reverse. Using this indicator, traders can gain insight into the strength and di

30 USD

The All Market Channels indicator from ProfRobotrading automatically builds and displays all formed trading channels on the screen. This indicator is very convenient for trading on all existing channel strategies and is applicable to all instruments and timeframes. Look at the screenshot - it will tell you more :) More information is available on our website ProfRoboTrading.

30 USD

This is a Bollinger Bands Compression indicator. It detects volatility compression and the release of “suppressed momentum.” It can be used when it coincides with any specific trading entries — released volatility means a higher probability of making a decent profit. There is also a histogram with colored bands symbolizing weakness or strength, and a zero line crossover. Therefore, this indicator can be used both in conjunction with other indicators within trading strategies, and on its own meri

30 USD

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Red Dragons EA

Irina Cherkashina