New EA Dragon Expert Advisor V4.1 EA - Unlimited

[Kingramz]

Martingale trading is very risky, you need a large account to trade it, and that's the system this EA uses Martingale

is it profitable in general ? the martingale ?

 

[ghvinashvili]

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

It is Unlimited license.

Use at your own risk.

Thanks.

is this martingale?

 

[Renkotrade]

Hi , this EA has been very old , sold long time ago for a lot of money, than you can get them for 10 USD or 15 USD
and now for free, nowhere is a confirmed MT4 statement, so looks little bit curios.. be cautios

 

[Jhunsam]

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

It is Unlimited license.

Use at your own risk.

Thanks.

is this profitable?

 

[Chicco]

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

It is Unlimited license.

Use at your own risk.

Thanks.

Thanks buddy Ill try this one

 

[Kingramz]

Tried on demo 3 weeks long. It is not profitable.

which pairs did u use ?

 

[Genna Tarantino]

Can i use this EA for different Indicator ond setting the moneymanagment ?
Thank's Gennaro

 

[Bridizen]

I thinking its a good EA and anyone who tested it on live account please share result

 

[hindrke]

yes buddy...its martingale...thanks..

superb

 

[Kingramz]

I read many negative comments. I have been using it in DEMO for 1 month and the results are really good.

In a while I will pass to the real and later I will let you know

i tried it on EU .. backtested from jan 2017 till today .. yielded good results .. profit was about 13.8 % growth per month

 

[tejasri6226chennai]

Thanks for sharing - i can really do with this sometimes gets a bit annoying when starts and all mix up - will give it a go thank you

 

[troiz-trader]

Becarefull, this EA doesn,t have S/L. You should define your S/L your self or manually. Otherwise, it will eat your money.

 

[Idaland]

Would you recommend this for a beginner? I’ve been trying to help my buddy find a good EA. I prefer trading myself and he wants to use EA’s. Any advise?

Well Dragon and Irins are both decent Martingale EA's. Irins I did try on a live account and where it gained me 2k € in a month I blew it last week (1.7k €) on the Strong € and weak $ and Yen. So that sucks. In a ranging market it works but with a strong trend you are in trouble.

 

[Nkhandile]

Dragon expert seems to be a very good EA robot. The strategy under the robot is very profitable and the martigale is a very special one.

 

[prg.tojei]

Good mar

Becarefull, this EA doesn,t have S/L. You should define your S/L your self or manually. Otherwise, it will eat your money.

Yep. I think Lucre is better.

 

[denizyaran]

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.

 

[stevelacoste]

Hi when did you start using this strategy, and why the 30 pips instead of 10 take profit 19 pips is this better?
So you only trade for 3 hours a day?
Thanks Steve

 

[edybede]

i`ll test this EA as soon as possible, i read it is good EA
great EA, is martingale but if you have enough balance, it is not problem

 

[denizyaran]

Hi when did you start using this strategy, and why the 30 pips instead of 10 take profit 19 pips is this better?
So you only trade for 3 hours a day?
Thanks Steve

I have started using this strategy three weeks ago on live after testing for so much time and did more than 100 back tests with different setups. I have plagiarized some of the ideas and adapted to this EA as it is very unique regarding the risk value. Other Martingale EAs usually wait longer to recover of the losing trades but not this EA or at least on 10 risk value. The ultimate idea of my settings is to be in the market as little as possible. I have tested 10, 15 and 30 and at M30 TF this pip step is perfect for GBPUSD. Even if it moves 200 pips in the wrong direction, thanks to the risk value, only a little reversal in my favor is enough to get out. Considering the martingale exponent is 2.0 for this EA hence you dont want to open too many trades. 19pips profit, I kinda got after so many tests. This EA, when it hits TP, it will open another instantly in the same direction. if you have 10 or 15 pips, you might end up having too many orders in the end. 19pip is great for me. I hit one TP and at that point the market has moved enough to make a reversal for my other open trade - to hedge it. It works 7 out of 10 times. I want to hit one TP and not many which might sound like, why not? I'm not greedy. Got burned by Gold in the past badly. I'm ok if I dont hit 19TP but hit the other TP in the other direction, it just means, it will hedge that one instead. Its great that it open buy and sell at the same time at 2am and whatever happens, I always hit on of the TPs.
Monday and last night were textbook perfect nights. Monday the EA opened 8 trades due to volatility, but it was out of the market by 9am BST. Last night only two trades and again I was out by 9am BST. I have this EA running on same settings on demo on 24h too but there I use 0.01 per 1k and makes about 5% per week which I know it can do more. But just by trading Sydney and Tokyo sessions and even then, only three hours allowing the EA to trade is fine as I dont want to have too many orders entering the London session, which 90% of the time is bullish for an hour. Bear in mind, I use the numbers 20000 or 30000 (low DD) to calculate my lot sizes. And that is still very high but not so high when you only trade three hours a day and not open more than 6-8 trades in total and only 1 or 2 trades going through the day. The EA will still manage those trades and close them with the risk setting and when closed, wait until next day. Even then I only see maximum 3 orders so far which is fine with 2.0 multiplier. The max DD I had so far was no more than 2k on a 7k account, which is now 9k and trading 0.45 lots tonight. I already made 11% Since Sunday night thanks to some volatility Monday morning but I'm out of danger all day which feels great. Hard to get used to at first to do nothing during London and NY sessions but this is the safest for me I feel. Lost 5k to Gold last months and happy that I recovered it now with this method.

 

[stevelacoste]

I have started using this strategy three weeks ago on live after testing for so much time and did more than 100 back tests with different setups. I have plagiarized some of the ideas and adapted to this EA as it is very unique regarding the risk value. Other Martingale EAs usually wait longer to recover of the losing trades but not this EA or at least on 10 risk value. The ultimate idea of my settings is to be in the market as little as possible. I have tested 10, 15 and 30 and at M30 TF this pip step is perfect for GBPUSD. Even if it moves 200 pips in the wrong direction, thanks to the risk value, only a little reversal in my favor is enough to get out. Considering the martingale exponent is 2.0 for this EA hence you dont want to open too many trades. 19pips profit, I kinda got after so many tests. This EA, when it hits TP, it will open another instantly in the same direction. if you have 10 or 15 pips, you might end up having too many orders in the end. 19pip is great for me. I hit one TP and at that point the market has moved enough to make a reversal for my other open trade - to hedge it. It works 7 out of 10 times. I want to hit one TP and not many which might sound like, why not? I'm not greedy. Got burned by Gold in the past badly. I'm ok if I dont hit 19TP but hit the other TP in the other direction, it just means, it will hedge that one instead. Its great that it open buy and sell at the same time at 2am and whatever happens, I always hit on of the TPs.
Monday and last night were textbook perfect nights. Monday the EA opened 8 trades due to volatility, but it was out of the market by 9am BST. Last night only two trades and again I was out by 9am BST. I have this EA running on same settings on demo on 24h too but there I use 0.01 per 1k and makes about 5% per week which I know it can do more. But just by trading Sydney and Tokyo sessions and even then, only three hours allowing the EA to trade is fine as I dont want to have too many orders entering the London session, which 90% of the time is bullish for an hour. Bear in mind, I use the numbers 20000 or 30000 (low DD) to calculate my lot sizes. And that is still very high but not so high when you only trade three hours a day and not open more than 6-8 trades in total and only 1 or 2 trades going through the day. The EA will still manage those trades and close them with the risk setting and when closed, wait until next day. Even then I only see maximum 3 orders so far which is fine with 2.0 multiplier. The max DD I had so far was no more than 2k on a 7k account, which is now 9k and trading 0.45 lots tonight. I already made 11% Since Sunday night thanks to some volatility Monday morning but I'm out of danger all day which feels great. Hard to get used to at first to do nothing during London and NY sessions but this is the safest for me I feel. Lost 5k to Gold last months and happy that I recovered it now with this method.

Thanks for your reply.