Download Red Dragon EA

EA Red Dragon expert Advisor



The EA uses a strategy based on the breakdown of the most important resistance and support levels. An adaptive algorithm of transaction support is used. The EA uses a small stop loss, which means that the account is always protected from drawdowns, and the risk for the transaction is very low.

The EA has an integrated system of closing positions during slippage. (can be customized).
Testing and optimization were carried out on real Ticks with 99.9% history quality. The EA successfully passed the stress test.
The EA has a statistics collection algorithm with statistics output to the dashboard.



Requirements and recommendations

• 5-digit quotes.
• Maximum spread – from 0 – 20 points.
• The minimum deposit is $ 100.
• Be sure to use VPS with minimal network latency to the broker server.
• ECN broker with low commission and spread.
• We recommend for correct trading ALPARI , Forex4YOU, EXNESS
  Be sure to use VPS with minimal network latency to the broker server;

Options

• Order Type – trade directions.
• Magic – The magic number of orders.
• Order comment – Comments to the order.
• Slippage – Allowable slippage before the order triggers.
• Use custom slippage – set to true – the order will be closed if slippage is more custom slippage .
• custom slippage – slipping to close the order.
• Max Spread – Maximum Spread allowed before triggering a pending order.
• disable trade if spread high – Turn off trading for a certain time (from 5 minutes to 24 hours) if the average spread exceeds the Max Spread.
• Use_Risk_MM – If true, the lot size increases as the account balance grows. (Risk management).
• Percentage_Risk – Increase in lot size based on balance (risk management in%).
• Lot – Lot is permanent (if Use_Risk_MM is false).
• Take_Profit – Take Profit in points.
• Stop_Loss – Stop loss in points.
• Adaptive Trailing stop – If true, adaptive trailing stop is used.
• Trailing Stop – Trailing points when the position is in profit. (-1 = off, 0 = Stop_Loss ).
• Smart stop loss – Points of smart stop loss (-1 – disable)
• Risk Protection Close Orders – If true, forced closing is used to protect against losses.
• breakdown past weeks – If true, we use the breakdown of the past weeks.

Trade within a week:

• Monday – If true, trade on Monday.
• Tuesday – If true, trade on Tuesday.
• Wednesday – If true, trade on Wednesday.
• Thursday – If true, trade on Thursday.
• Friday – If true, trade on Friday.

Intraday trading:

• Use time – If true, trading is on time.
• Time_Setting – Server time or computer time.
• GMT_mode – The mode of determining the broker server time offset relative to GMT. (0 – unused).
• Every_Day_Start – Start time (hh: mm).
• Every_Day_End – End Time (hh: mm).

Friday Shutdown Time:

• Use time – If true, trading is on time.
• Time_Setting – Server time or computer time.
• GMT_mode – The mode of determining the broker server time offset relative to GMT. (0 – unused).
• Disable_in_Friday – The end time on Friday (hh: mm)

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Download Dragon expert Advisor