Dragon Scalper EA MT4

Overview

Dragon Scalper is available on the MQL5 marketplace since January 2020 and was last updated in March 2020. It’s developed by Michela Russo, who has several other products on the platform. This trading robot scans the market to identify the main trend and enters trades based on volatility and a sophisticated algorithm aimed at predicting future trends.

Why Should You Use Dragon Scalper EA MT4?

• Automated Trading: It allows traders to automate their trading strategy, enabling 24/5 trading without continuous manual oversight.
• Scalping Strategy: Specifically optimized for scalping, it can be effective in volatile markets where it takes advantage of small price movements.
• Risk Management: Typically includes features to control risk per trade, potentially minimizing large drawdowns.

Dragon Scalper EA MT4 Reviews

When considering user reviews, it’s crucial to look for feedback on:

• Performance: How well the EA has performed in terms of profitability and risk management.
• Reliability: Consistency of the EA in executing trades according to its designed strategy without technical issues.
• Support: Quality of the developer’s customer service and community support, including updates and troubleshooting.

The Dragon Scalper has received positive feedback from users, with many highlighting its ability to find trends and trade effectively. Users have praised it for showing very good results with minimal drawdown, especially on the M1 timeframe, and for its contribution to the trading community with its advanced technology.

Dragon Scalper EA MT4

Dragon Scalper EA MT4

Dragon Scalper EA MT4

Dragon Scalper EA MT4

Dragon Scalper EA MT4

Dragon Scalper EA MT4 Features

A comprehensive review of its features might include:

• Compatibility with multiple currency pairs and timeframes
• VolumeMM – Automatically determines the lot size based on the deposit.
• VolumeDef – Specifies the lot size for market entry.
• StopLoss – Establishes the Stop Loss level.
• TakeProfit – Sets the Take Profit level.
• SpreadControll – Imposes restrictions on the spread.
• HistTick – Indicates the number of ticks in the historical data under examination.
• MaxTick – Defines the maximum consecutive ticks to be considered.
• LevelTick – Determines the tick value at which to initiate a reaction.
• DrawDown – Imposes a limit on the maximum allowable drawdown.
• MinClose – Specifies the minimum closing amount.
• The live account offered by AlnoTrade is relatively secure. The discernible details include an impressive overall gain of +705.06% and a daily gain of 0.70%. The data indicates that the trading bot achieves success in approximately 65% of the entered trades.

Dragon Scalper EA MT4 Settings

Exploring the EA’s settings is key to understanding its flexibility and adaptability:

• Trading Platform : MT4
• Working Time Frames : M1, M5
• Minimum Deposit : $100
• Currency Pairs : EURUSD, GBPUSD, USDCAD, and NZDUSD
• Product Type : DLL / Unlimited (Build 1408)
• Customization: The extent to which traders can modify settings like stop loss, take profit, and lot size to match their risk appetite.
• Strategy Parameters: Options available for tweaking the trading strategy, such as time frames, indicators used, and entry/exit criteria.
• Risk Management Tools: Features that help manage and mitigate risk, including stop-loss settings, trailing stops, and maximum drawdown limits.

Conclusion

In concluding a review, it’s important to weigh the EA’s performance, features, and user feedback against its cost and any potential risks. Consider factors such as:

• Effectiveness: Whether the EA meets the claims made by its developers in terms of profitability and risk management.
• Value for Money: If the cost of the EA is justified by its performance and the support provided by the developers.
• Suitability: How well the EA fits different trading styles and risk tolerances, and its compatibility with various broker platforms and trading conditions.

Dragon Scalper Pro is a trend-following trading robot that leverages market volatility and an intelligent algorithm for trade execution. With a considerable number of positive reviews and a 5-star rating from the majority of users, it appears to be a reliable option for traders.

EA FX STORE provides a variety of Trading Robots, Indicators, and courses, all aimed at a common goal – assisting investors in improving their investment performance. It is important to understand that trading inherently involves risks, and past performance does not guarantee future results. There is no assurance that any trading account will replicate profits or losses demonstrated in previous scenarios. It is essential not to substitute the information provided by this EA and indicator for personal research, market analysis, or professional financial advice.

Before making any trading decisions, it is recommended to thoroughly assess your investment objectives, experience level, and risk tolerance. Consider utilizing a Demo account for testing before entering into a real investment account. In times of uncertainty, seeking advice from an independent financial advisor is advisable. The creators, developers, and distributors of this EA and indicator explicitly disclaim responsibility for any losses incurred through trading activities relying on the software. By using this EA and indicator, you acknowledge your understanding of these inherent risks and assume full responsibility for the outcomes of your decisions.