M Dragon

M Dragon is a short name for Money Dragon. An Expert Advisor that uses a managed martingale, scalping, hedging, and averaging strategies into one. It is a high risk multi-pairs Expert Advisor that works well and minimizes the risk if you let it run on multi-pairs mode. The multi-pairs mode is activated when the "Multipairs" parameter is set to TRUE. This allows the Expert Advisor to be attached in a single chart at any timeframe but will automatically trades 28 commonly traded currency pairs simultaneously.

Parameters

  • Money Management - This is used to divide the Account Balance then multiplies it to BaseLotsize. Use default.
  • Base Lotsize - The lotsize multiplier after calculating the Money Management parameter. Use default.
  • Margin Limit to open a new trade- Margin Level % should be above this value to open a trade.
  • Maximum Open Trades - Overall maximum number of open trades by the account.
  • Maximum Open Trades per Pair- Maximum number of open trades per pair.
  • Volatility Meter (Higher than 6 is more conservative) - Measurement of volatility of overall market if volatility level is equal or more than the value indicator that's the only time the EA will open a trade. This feature can not be executed in backtesting as it measures all pairs and correlation of all pairs. Therefore, backtesting of this EA will not give you accurate result.
  • Overall Target Profit % of All Profit- In percentage %. Once equity increases by the value indicated in this parameter, all open orders will be closed.
  • Each Pair Target Profit %- Each pair of open trades have a % target profit of the balance.
  • Trail Stop Loss in Points- Trail stop to protect profit.
  • Sure Profit on Trail Stop in Points- Assures profit in points once Trail Stop is triggered.
  • PO Distance in Pips- Distance of pending orders from the current price, once created.
  • Trade Multiple Pairs- True if the EA will trade all commonly traded pairs using 1 chart only. False if it will trade only the chart pair.
  • Start of Trading Time (GMT+2)- The default time 1 is in GMT+2. Please change it to the equivalent time of your server's timezone.
  • End of Trading Time (GMT+2)- The default time 20 is in GMT+2. Please change it to the equivalent time of your server's timezone.
  • Number of Bars for Analysis- Number of bars for analysis. The default is 48 for 4-hour analysis in a 5min timeframe.
  • Trend Mode - Multiplier for the distance breakout.
  • Number of Bars for Confirmation Analysis- Number of bars for analysis. The default is 96 for 4-day analysis in a 1-hour timeframe.
  • Trend Mode of the Confirmation - Multiplier for the distance breakout.

    Money Management Formula

    Please see Parameters

    Lots = (Account Balance / MM) * Baselotsize



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    Profalgo Limited
    4.61 (23)
    Experts
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    Stanislav Tomilov
    4.6 (20)
    Experts
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    Michela Russo
    5 (5)
    Experts
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    MQL TOOLS SL
    4.73 (44)
    Experts
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    Stanislav Tomilov
    4.62 (13)
    Experts
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    AW Trading Software Limited
    4.67 (12)
    Experts
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    MQL TOOLS SL
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    Experts
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    Mohamed Hassan
    4.33 (3)
    Experts
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    Profalgo Limited
    5 (5)
    Experts
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    MQL TOOLS SL
    5 (3)
    Experts
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    Leonid Arkhipov
    4.94 (32)
    Experts
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    John Dickenson
    Experts
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    Xuan Bach Nguyen
    Experts
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    Experts
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    AW Trading Software Limited
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    Experts
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    Allistair Kabelo Mandow
    Experts
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    Marco Solito
    4.65 (65)
    Experts
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    Leonid Arkhipov
    5 (1)
    Experts
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    4.46 (50)
    Experts
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    Bogdan Ion Puscasu
    5 (2)
    Experts
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    Experts
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    Stanislav Tomilov
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    Experts
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    Experts
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    Experts
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    Experts
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    Experts
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    Experts
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    Experts
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    Experts
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    Experts
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    유틸리티
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    Joel Protusada
    Experts
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    Joel Protusada
    Experts
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    Joel Protusada
    Experts
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    유틸리티
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    Joel Protusada
    지표
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    Joel Protusada
    Experts
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    Joel Protusada
    Experts
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    Joel Protusada
    Experts
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    Joel Protusada
    Experts
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    Joel Protusada
    1 (1)
    Experts
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    Joel Protusada
    Experts
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    Experts
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    Experts
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    유틸리티
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    Experts
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    4 (2)
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