Sky Dragon EA

Overview

Sky Dragon EA is an advanced automated trading system for MetaTrader 4 that combines intelligent trend detection, adaptive martingale strategy, and risk management. The EA uses a custom-built trend indicator to identify high-probability market conditions and only executes trades when a valid trend is confirmed, preventing overtrading and improving win rate.

Download SET FILE

SKY DRAGON EA FOR PROP FIRM EA: 

  • Use Daily Profit Target e.g. 1%
  • Use Daily Drawdown Limit e.g. 3.5% 
  • Use 100K or 200K Account

Recommended

  • Chart: XAUUSD, any currencies
  • Timeframe: H1,  any timeframe
  • Balance: $10000 or above
  • Daily Target Profit 1% or lower.  
TRADING SETTINGS

Trading Modes

  • Hedge Mode (Default): Trades both directions simultaneously, allowing independent BUY and SELL groups

  • Buy Only / Sell Only: Restrict trading to single direction

  • Close Opposite on Signal: Automatically closes opposing group when new signal appears

Money Management

  • Lot Calculation: Fixed lot or money-based (e.g., $10,000 per 0.01 lot)

  • Martingale System: Progressive lot sizing with configurable:

    • Initial distance between trades (30 pips default)

    • Distance multiplier per step (1.1x)

    • Lot multiplier (1.3x)

    • Maximum steps (30)

    • Minimum delay between entries (1 minute)

Risk Management

  • Drawdown Reduction (DR): Automatically closes most profitable position pairs when combined profit thresholds are met. Features:

    • Minimum trades before activation (5)

    • Remaining trades after reduction (5)

    • Tiered profit requirements based on lot size

    • Automatic reopening at specified distance

  • Daily Drawdown Limit: Percentage or money-based with automatic shutdown

  • Daily Profit Target: Percentage or money-based with auto-closure

  • Balance Target: Overall account growth target with EA stop

  • Trailing Stop: Configurable trailing in pips

  • Maximum Spread: Blocks trading when spread exceeds threshold

Market Filters

  • Time Filter: Restricts trading to specified hours

  • EMA Trend Filter: Optional multi-EMA alignment (10/20/50/100/200)

  • Gap Detection: Identifies and avoids trading during price gaps

  • News Filter: Configurable avoidance periods around high-impact news

  • Timeframe Change Protection: Pauses trading after timeframe changes until price movement

Position Management

  • Take Profit: Common TP for entire position group with dynamic adjustment

  • Stop Loss: Optional per-trade stop loss

  • Group Management: Tracks positions as BUY and SELL groups

  • Automatic TP Adjustment: Updates all positions when new martingale trades open

Monitoring & Visualization

  • Real-time Dashboard: Displays:

    • Account statistics (Balance, Equity, Margin)

    • Daily performance metrics

    • Current drawdown levels

    • Spread monitoring

    • EMA trend status

    • Gap and news status

    • Hedge mode status

    • DR (Drawdown Reduction) status

    • Trading status with color-coding

  • Close All Button: One-click position closure

  • Visual Mode: Enhanced logging for testing

IMPORTANT NOTES:

  • Don't enable both Buy Only and Sell Only modes together

  • If both Fixed Lot and Money Management are enabled, Money Management takes priority

News Filter Setup (Required if News Filter = true)

  1. Go to MT4: Tools → Options → Expert Advisors
  2. Check "Allow WebRequest for listed URL"
  3. Add URL: https://nfs.faireconomy.media
  4. Click OK
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Profalgo Limited
5 (4)
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Experts
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Experts
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3 (1)
Experts
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5 (18)
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BUY 1 and GET 1 FREE - Promotion! Buy Infinity Trader EA with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Infinity Trader EA Live Results:  https://www.mql5.com/en/signals/2290275 Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth funda
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