New EA Dragon Expert Advisor V4.1 EA - Unlimited

[joel jonip]

Yes, tested.

It won't go pass the 5 levels. Yes, it will still place trades but in the other direction, but won't pass the max 5 levels. Any floating losses is just floating. Trust this and let it do its work.

Basically this ea need to be controlled and if left uncontrolled and with high leverage as in 1:200 and above, the account will be blown.

can you share all the setting that you use.thanks for your kindness

 

[Beezy]

Dear all, i want to share Dragon Expert Advisor V4.1 EA

It is Unlimited license.

Use at your own risk.

Thanks.

Thank you

 

[pahawk]

70%-100%++ Profit Monthly seems like a completely absurd claim

 

[mehrzad]

thank you very much. I would like to try this ea .
Thanks for sharing

 

[tingjin]

I'm going to try this on a demo account. Does it have a good specific setting?

 

[mtlguy]

Hello everyone,

I did a mega backtest on this EA with EURGBP from 2003 till today, it took many days but here are the results.

The objective was to see if it is possible to avoid blowing up the account on such long timeframe and the answer is yes.

Keep in mind during this period, we had many financial crisis, Brexit turmoil, euro turmoil, covid, ...

This comes with a few caveat, much less profit... but there's profit.

The initial deposit is 20k USD, and the profit is 32K. Which gives roughly 6% compounded A YEAR... not exceptionally interesting.

The worst drawdown is 16227$,... meaning in theory leaving the account with just over 16k would have been sufficient.

à



My goal is to to fine tune this to be able to run other currencies with the same capital, find the currencies that don't have the drawdowns at the same time.

Any suggestions are welcome.

 

[magix128]

which broker can support this EA ? any recommendations ?

 

[mtlguy]

I am using it

which broker can support this EA ? any recommendations ?

with VantageFX. That broker is limited at 9.0 lots tho.
Thanks a lot for your insight... I decided to take these settings and do some backtesting. In my backtests with 20k, this crashes on Jan 2004, feb 2004, march 2004, jan 2005, June 2006, jan 2007, feb 2008, feb 2009, Apr 2010....... Sometimes the equity more than doubled, so if you skim, then...
Hello everyone, I did a mega backtest on this EA with EURGBP from 2003 till today, it took many days but here are the results. The objective was to see if it is possible to avoid blowing up the account on such long timeframe and the answer is yes. Keep in mind during this period, we had many...
It is true that you can make this much, but loose everything the next month. Which is not worth it in my opinion. Don’t run this EA with the default settings
I haven't read the whole thread, but one thing for sure guys... forget small accounts with this EA. ( I believe to be on the safe side 10K) There's no way you won't blow it without paying close attention to this EA. Yes I'm making money with it, but this is not because I leave it unattended...

 

[meedo]

how much returns per month some one who try it before ?

 

[mtlguy]

how much returns per month some one who try it before ?

I just made 38% this month but I avoided wiping my account by pure luck. That day the bot was turned off on gbpeur by mistake. (Brexit talks failing)

this bot can easily wipe your account

don’t bother with less than 10k in it.

 

[idexer]

I started putting this on real after testing for a few months. The way everyone is using it is too risky. Finally got the best settings using Sydney and Tokyo sessions. I only set it to trade between 2am to 5am every night based on IC Markets server time. See my settings. It opens about 4 - 5 trades every night. One will get through the timeframe and the EA will only manage that (usually closed by midday) and not open anymore other trades. Once its hedged, it will wait till 2am again. Making between 14% to 22% per week now. Because I only trade conservatively and not open any new trades on London and NY sessions, I can use higher lots. Just divide your equity to 20000 or 30000 and enter the first three digits into lots and you are good. Test it and you'll see. Screenshot below is for my 8k real account also made 12% last week. The statement is for my 100k account. Timeframe is M30. And I only trade GBPUSD.

View attachment 10129
View attachment 10128

I followed this method and earn significantly in long term.
however, this method failed on GBP pair.
maybe, due to brexit issue?

 

[71stephan71]

Thank you for sharing. I'll try this EA with cent account

 

[centy]

Dear all, i want to share Dragon Expert Advisor V4.1 EA

It is Unlimited license.

Use at your own risk.

Thanks.

Just back tested and discovers it works well at first blows account after some months. This is common with most scalping eas I see here

The basic drawback with these EAs is that they don't use stop loss. They enter Some trades which continue to run in negative until account is consumed. Aside this , they can be useful

Unfortunately, most of them are .ex4 files which can't be edited. Even when you decompile, the code gets distorted

 

[Adrianrmd6]

Thank you for sharing this EA! will try on the demo account first!

 

[dssnet]

This is the first time i heard of this EA. Is it any good? Thanks for the feedback

 

[idexer]

This is the first time i heard of this EA. Is it any good? Thanks for the feedback

better read from 1st page...rather than spamming to increase post

 

[danifx]

It is a nice EA, I tried it with some success, but it is very dangerous like every martingale EA

 

[rudihd]

Dear all, i want to share Dragon Expert Advisor V4.1 EA

It is Unlimited license.

Use at your own risk.

Thanks.

Thanks for sharing

 

[Uby]

Thank you for sharing this EA! will try on the demo account first!

I’m currently using the dragon expert on demo since 5months ago from $5000 balance today the balance is $25000 it only works on low spread account and lev 1:888 1min time frame eurusd/GBPusd

 

[mon2020]

It is a very interesting EA, thanks to the contributor.