Red Dragon EA MT4

What is EA Red Dragon?

EA Red Dragon is an Expert Advisor (EA) that uses a strategy based on the breakdown of important support and resistance levels. It employs an adaptive trade trailing algorithm and a small stop-loss (SL) to protect the account from significant drawdowns.

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EA Red Dragon Features

1. Key Features:

• Support and Resistance Based Strategy: Use the breakout of key support and resistance levels to determine trading signals.
• Adaptive Stop Loss Trailing Algorithm: Adjust stop losses dynamically to maximize profits and minimize risks.
• Low Risk: Use small stop losses to protect accounts from drawdown risks.
• Partial Order Closing System in Case of Slippage: Minimize the negative impact of slippage.
• Real Data Optimization: Tested and optimized using real tick data.
• Successful Stress Testing: Proven to perform consistently in volatile market conditions.
• Collect and Display Statistics: Provide detailed information on trading performance.

Additional Features:

• No Risky Strategies: Avoid using strategies such as Martingale, Grid, Arbitrage.
• Proprietary Algorithm: Use a unique algorithm.
• Compatible with many brokers: Works with many different brokers.
• Suitable for small accounts: Can operate with small capital.
• Only use pending orders: No market orders.
• Support capital management: Can use fixed volume or capital management.
• Avoid opening orders when the spread is high: Can be configured to avoid opening orders when the spread is too large.

EA Red Dragon MT4 Review

The EA Red Dragon employs a strategy centered around the identification and exploitation of significant support and resistance level breakouts. It incorporates an adaptive trade trailing algorithm to optimize profit potential. Notably, the EA utilizes a conservative stop-loss to safeguard against substantial drawdowns, prioritizing risk management.

Red Dragon EA MT4

Red Dragon EA MT4

Red Dragon EA MT4

Trading Specifications

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

Conclusion

The Red Dragon EA stands as a testament to the capabilities of automated trading in the forex market. With its advanced features, dynamic risk management, and consistent profitability, this EA offers traders a valuable tool to enhance their trading strategies.

Whether you are a seasoned trader or just starting, the precision and adaptability of the Red Dragon EA make it a noteworthy addition to the arsenal of automated trading solutions.

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