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Red Dragon MT5

299 USD

Demo downloaded: 149

Published: 26 September 2025

Current version: 2.1

Red Dragon MT5

Name: Red Dragon MT5
Price: 299.00 USD
Rating: 5 (1 reviews)
Author: Sarfraz

Experts
Sarfraz
Sarfraz
Pakistan

507
5 (1)
5 products 1 signal 2 comments
Version: 2.1
Updated: 14 July 2026
Activations: 17

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.

Live Signal Exness

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 M15, 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.

more...

109

Mymt5systems 2025.11.12 16:25 #

EA has a good concept and very profitable. had issues with communications which has been resolved and author has added the parameters for users to update and accept all risk involved.

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Filter:

103

Brian Narrainen 2026.04.29 13:12 #

User didn't leave any comment to the rating

109

Mymt5systems 2025.11.12 16:25 #

EA has a good concept and very profitable. had issues with communications which has been resolved and author has added the parameters for users to update and accept all risk involved.

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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.