EA Red Dragon MT5

The Expert Advisor uses the strategy based on the breakdown of the most important support and resistance levels. Adaptive trade trailing algorithm is used. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade.

The EA integrates a system of partial position closure during slippages (can be configured).

It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing.

The EA contains the algorithm of statistics collection with output on the information panel.

• Does not use Martingale, Ilan, arbitrage, Grid and other risky strategies.
• Always use of stop loss to protect capital.
• Based on genuine 'in-house' algorithm.
• Works with different brokers.
• It can work with a small deposit.
• Only pending orders.
• Can work with fixed lot and MM.
• Does not open orders with a high spread. (can be configured).

• 5-digit quotes.
• Maximum allowed spread — 0 to 20 pips.
• Minimum deposit is 100$.
• Use VPS or hosting server with minimal network latency to the broker's server.
• ECN broker with low commission and spread.
• Leverage of 1: 100 or more is recommended.
• if you use several advisors on the same account, make sure that all the advisors have different Magic numbers.
• You need to check with your broker that the broker allows you to trade scalping strategies by holding a position for less than a minute. 

• Order Type — Trade direction.
• Magic — The magic number of the EA's orders.
• Order comment — A comment to the EA's trades.
• Slippage — Allowable slippage before an order triggers.
• Use custom slippage — When set to true, the EA will close orders is slippage is above custom slippage.
• custom slippage — Slippage value to close orders.
• Max Spread — Maximum Spread before pending order triggers.
• disable trade if spread high — Disable trading for some time (from 5 minutes to 24 hours) if the average spread exceeds  Max Spread.
• Use_Risk_MM — When set to true, lot size is increased together with account balance increase (Risk Management).
• Percentage_Risk — Lot size increase based on the balance value (Risk Management in %).
• Lot — Fixed lot value (if Use_Risk_MM - false).
• Auto_Calculation_Free_Margin — it is used if the leverage is below 1:100
• Take_Profit — take profit level in points.
• Stop_Loss — stop loss in points.
• Set Trailing Mod - six trailing stop modifications.
• Trailing Stop - trailing points when the position is in profit. (-1 = off, 0 = Stop_Loss).
• Trailing Step - trailing step when the position is in profit.
• Breakeven Target PipsInp - if the price exceeds the value, breakeven triggers. (-1 = off).
• Breakeven Jump PipsInp - stop Loss moves to breakeven at this distance.
• breakdown past weeks — When set to true, the EA uses breakdown of past weeks.
• Adaptive Trailing Stop:
• Risk_Protection_on_slippages — If true, the EA also applies position closure in case of a slippage.
• Adaptive_Trailing_to_slippages — If true - adaptive trailing stop.
• Change_correction_coefficient — Trailing sensitivity coefficient.
• Adaptive_by_Time — adaptive trailing by time.
• Time_Scale — time interval for price analysis.
• Automatic_Correction_Pending_Orders  — Adjustment of pending orders.  
• breakdown past weeks — Use the breakdowns of the levels of previous weeks.

Trading within the week:

• Monday — When set to true, trading on Monday is allowed.
• ...
• Friday — When set to true, trading on Friday is allowed.

Time trading within a day:

• Use time — when set to true, trades in certain time intervals.
• GMT_mode — GMT offset of the broker server time. (0 - not used).
• Every_Day_Start — operation start time (HH:MM).
• Every_Day_End — operation end time (HH:MM).

Friday close time:

• Use time — If true, trades at a certain time.
• Disable_in_Friday — operation end time on Friday (HH:MM).

   Our group in mql5: 016a118dc374d801