EA Dragon Fire
- Experts
-
Amir Imran Bin Ahmad
Hi, I'm Amir Imran, an independent software developer from Malaysia. I build and sell trading software for MetaTrader 4 and MetaTrader 5 under the EARobotFX brand, with a focus on automated Expert Advisors and tools for forex traders. - Version: 2.1
- Activations: 5
Dragon Fire - Expert Advisor for MetaTrader 5
HOW IT WORKS
Grid / averaging system. When price moves against the open basket, the EA adds new orders every PipStep pips with the lot size multiplied by Multiplier, up to MaxTrades orders, and closes the whole basket at the average-price take profit.
RECOMMENDED SETTINGS
- Symbols: EURUSD and GBPUSD (default setting)
- Timeframe: M5 (set files also provided for H1)
- Account: Cent account from 100 USD / 10,000 cents, or Standard account from 500 USD (see set files)
- Maximum 2 pairs per 100 USD of balance
- A VPS is recommended for uninterrupted operation
- Use a broker with low spreads and fast execution
- This EA requires a HEDGING account type
MAIN INPUTS
- Lots: Starting lot size
- TakeProfit: Basket take profit in pips
- MaxTrades: Maximum number of orders in one basket
- Multiplier: Lot multiplier for every additional order
- PipStep: Distance in pips between orders
- Max_Lot: Upper limit for a single order
- Trading_Monday ... Trading_Sunday: Enable or disable each trading day
- Trading_Hours / Start_Hour / End_Hour: Optional trading hours filter
- UseMaxDrawdown / MaxDrawdownPercent: Closes everything and stops the EA at the chosen drawdown
- UseSpreadFilter / MaxSpread: Skips new trades when the spread is too high
INCLUDED SAFETY CHECKS
- Lot size normalised to the broker's minimum, maximum and step
- Free margin is checked before every order
- Stop levels and freeze levels of the broker are respected
IMPORTANT RISK WARNING
This EA uses grid / martingale averaging. Lot sizes grow while a basket is open and drawdown can become large. Losses can exceed what you expect and can wipe out the account. Start on a demo account or a cent account, use lot sizes that match your balance, and use the drawdown protection settings. Past performance and backtest results do not guarantee future results. Trading Forex and CFDs carries a high level of risk.
