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Red Dragon MT5

499 USD

Demo downloaded: 134

Published: 26 September 2025

Current version: 1.1

Red Dragon MT5

Name: Red Dragon MT5
Price: 499.00 USD
Author: Sarfraz

Experts
Sarfraz
Sarfraz
Pakistan

884
2 comments
Version: 1.1
Updated: 12 November 2025
Activations: 5

Red Dragon Scalper — MT5 Expert Advisor for Short-Term Trading

Red Dragon Scalper is an automated trading system developed for the MetaTrader 5 platform. It focuses on short-term price movements, attempting to capture small gains from volatile market conditions through rapid trade execution.

The EA is designed for traders who prefer an active approach without manual order placement. It runs continuously when the platform is open, scanning price action and indicator combinations to locate potential entry points.

How the Strategy Works

The algorithm combines price action reading with multiple technical indicators. Instead of entering immediately when a level is touched, the system waits for confirmation.

For example, on XAUUSD M5, if price approaches a short-term support zone, the EA does not buy right away. It waits for a rejection signal — such as a bullish candle pattern or indicator alignment — before opening a position. A stop loss is placed below the support level, and the target is set at the next micro-resistance area. This approach aims to reduce false entries by requiring confirmation rather than anticipation.

The same logic applies to sell setups near resistance. The goal is to stay in trades for brief periods, often minutes, to collect small gains before momentum shifts.

Built-In Risk Controls

Every trade opened by this EA carries a predefined stop loss and take profit. There is no option to disable these protections. The lot size can be fixed or calculated dynamically based on account balance and a user-defined risk percentage.

A spread filter prevents entries during periods of unusually wide spreads, which helps avoid poor execution conditions. A magic number isolates the EA's trades from other expert advisors running on the same account.

Input Parameters

FixedLot — Manual lot size for all trades.

AutoLot — Enables automatic lot calculation based on account balance.

RiskPercent — Percentage of balance risked per trade when AutoLot is active.

StopLoss_Pips — Stop loss distance in pips.

TakeProfit_Pips — Take profit distance in pips.

MagicNumber — Unique identifier for trade tracking.

MaxSpread_Pips — Maximum allowed spread for trade entry.

Setup Recommendations

Broker: An ECN account with low spreads and fast execution is recommended. Scalping strategies are sensitive to execution quality.

VPS: A virtual private server is strongly advised for uninterrupted 24/5 operation.

Timeframe: The EA is optimized for M5 and M15 charts.

Symbols: Primary testing has been conducted on XAUUSD. Additional testing shows compatibility with GBPUSD and EURUSD.

Testing: Run the EA on a demo account for at least two to four weeks before considering live deployment. This allows you to observe how it behaves under current market conditions and adjust settings if needed.

Risk Notice

Trading forex and CFDs involves substantial risk. Leverage can amplify both gains and losses. You should only trade with capital you can afford to lose. Past performance in backtests or demo accounts does not guarantee future results. This software is a tool for automation, not a guarantee of income. You are fully responsible for all trading decisions and outcomes.

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Are you ready to transcend the ordinary and unlock a level of trading performance you've only dreamed of? Welcome to the world of Black Wave VIP Bot – not just a tool, but your elite partner designed for unparalleled precision and profitability in the XAUUSD market. This isn't just automation; it's a sophisticated intelligence, meticulously engineered to transform how you trade gold. LIVE Signals click Here>>>>>> IMPORTANT! After the purchase please send me a private message to receive the insta

199 USD

Skyline Scalper MT5 - The Ultimate Automated Trading Solution Conquer the market like a professional trader! Are you tired of the stress of manual trading and watching the market for hours? Introducing Skyline Scalper MT5 – a new generation Expert Advisor designed for your MetaTrader 5 terminal. This EA uses advanced algorithms to find precision entry points in the market, giving you new confidence in your trading. Why Choose Skyline Scalper MT5? Engineered for Freedom: Reclaim your time. Skylin

99 USD

PatternMatrix 41 Pro MT5 Unlock the true power of Price Action with the most comprehensive Candlestick Pattern Engine on the Market. "After buying, please make sure to inbox me to get the settings and set files." PatternMatrix 41 Pro is not just an Expert Advisor; it is a complete trading ecosystem designed for traders who believe in the reliability of historical price action. By combining 41 distinct Japanese Candlestick Patterns with a sophisticated Smart Recovery Grid and Hedge System , this

99 USD

Live Signal Coming Soon>>> Logic Pro AI 300 is engineered for elite VIP traders demanding a robust and intelligent automated trading solution. Built on advanced price action algorithms, this Expert Advisor identifies high-probability market reversals based on classic Engulfing patterns, executing trades with exceptional precision across your chosen timeframe. Beyond its core entry logic, Logic Pro AI 300 distinguishes itself with a suite of professional-grade trade management features designed

135 USD

Apex Legend EA is a sophisticated automated trading system engineered for high-frequency scalping on M30 and H1 timeframes. Designed for the discerning trader who demands agility without sacrificing security, this EA utilizes advanced algorithms to identify short-term market inefficiencies and execute trades with lightning-fast precision. Live Signal Apex Legend Ea Coming Soon >>>>>>> Unlike risky strategies that expose your account to indefinite drawdown, Apex Legend EA operates on a strict, pr

145 USD

LIVE SIGNAL WITH REAL TRADING ACCOUNT LIVE SIGNAL EXNESS ACCOUNT : Coming Soon The SET file is available in the comments—download it from there and apply it. White Dragon Alpha AI is a premium, high-performance trading system designed for the modern trader. It combines the analytical power of ChatGPT-4.0 with a custom-built Deep Learning Volume AI to provide high-probability market entries. Unlike standard EAs, this system doesn't just look at price; it understands market context through advan

779 USD

Hunter Eyes EA PRO Hunter Eyes EA PRO is a professional, high-precision automated trading system designed for MetaTrader 5. It focuses on the intersection of price action and candle structure to capture high-probability market movements. Unlike traditional EAs that rely on lagging indicators, Hunter Eyes utilizes real-time price dynamics at critical candle transition points to execute trades with surgical precision. Core Strategy Logic The EA employs a specialized Candle Dynamics Strategy . It m

490 USD

PropGuard FX v2.0 is a high-performance algorithmic trading system engineered for MetaTrader 5, specifically designed for traders aiming to pass Prop-firm challenges (FTMO, E8, MyForexFunds, etc.) and manage high-capital accounts with surgical precision. The Technology (50% - Features & Logic) PropGuard FX is built upon a foundation of institutional-grade risk management. Unlike standard retail EAs, it focuses on "Capital First" logic: Hard SL & TP Protection: Every single trade is executed with

390 USD

GOLD HUNTER CONFLUENCE PRO (MT5) Gold Hunter Confluence Pro is an advanced multi-strategy signal system that combines 10 layers of technical analysis to provide accurate entries. This indicator is designed specifically for traders looking to filter "noise" and trade only high-probability trend reversals. Key Features: 10-Indicator Confluence Engine: Includes 10 powerful built-in indicators (Heikin Ashi, EMA, RSI, MACD, Bollinger Bands, Stochastic, Wick Rejection, Price Action, Fractals, and Mome

499 USD

AI Equity Protector - Quant EA for Funded Accounts Building trading systems is tough work. Most standard EAs look great in backtests but fall apart the second real market volatility hits. I was tired of seeing robots blow accounts during basic news events. So, I coded the AI Equity Protector. It took a lot of trial and error to get this right. It is built strictly for capital preservation. If you trade with Prop Firms or manage real funded accounts, you know exactly how crucial that is. How the

489 USD

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Brian Narrainen 2026.04.29 13:12 #

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Mymt5systems 2025.11.12 16:25 #

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Reply from developer Sarfraz 2025.11.12 16:46 #

Thank you for your review. Updates take time to complete, and by the way, the reason for the delay was that I was working on the update itself. I’ve now made all the necessary updates according to the requirements. Apart from that, you’re completely free to request a refund if you wish, my intention was never to waste your time or money.