EA Red Dragon is work based on the breakdown of the most important support and resistance levels. It uses an adaptive trade trailing algorithm. Red Dragon EA always uses a very small SL so the account is mostly protected from big-equity drawdown with a very low risk-per-trade.

The EA integrates a system of partial position closure during slippages (can be configured).

It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing.

The EA contains the algorithm of statistics collection with output on the information panel.

Key Advantages

• Does not use Martingale.
• Does not use Ilan.
• No arbitrage.
• No Grid.
• Does not use other risky strategies.
• Always use of stop loss to protect capital.
• Based on genuine ‘in-house’ algorithm.
• Works with different brokers.
• It can work with a small deposit.
• Only pending orders.
• Can work with fixed lot and MM.
• Does not open orders with a high spread. (can be configured).

Requirements and Recommendations

• 5-digit quotes.
• Maximum allowed spread — 0 to 20 pips.
• Minimum deposit is 100$.
• Use VPS or hosting server with minimal network latency to the broker’s server.
• ECN broker with low commission and spread.
• Leverage of 1: 100 or more is recommended.

Parameters

• Order Type — Trade direction.
• Magic — The magic number of the EA’s orders.
• Order comment — A comment to the EA’s trades.
• Slippage — Allowable slippage before an order triggers.
• Use custom slippage — When set to true, the EA will close orders is slippage is above custom slippage.
• custom slippage — Slippage value to close orders.
• Max Spread — Maximum Spread allowed before pending order triggers.
• disable trade if spread high — Disable trading for some time (from 5 minutes to 24 hours) if the average spread exceeds Max Spread.
• Use_Risk_MM — When set to true, lot size is increased together with account balance increase (Risk Management).
• Percentage_Risk — Lot size increase based on the balance value (Risk Management in %).
• Lot — Fixed lot value (if Use_Risk_MM – false).
• Take_Profit — take profit level in points.
• Stop_Loss — stop loss in points.
• Trailing Stop — Trailing Stop points when the position is in profit. (-1 = off, 0 = Stop_Loss ).
• Trailing Step — Trailing Step points when the position is in profit.
• breakdown past weeks — When set to true, the EA uses breakdown of past weeks.

Adaptive Trailing Stop:

• • Risk_Protection_on_slippages — If true, the EA also applies position closure in case of a slippage.
  • Adaptive_Trailing_to_slippages — If true – adaptive trailing stop.
  • Change_correction_coefficient — Trailing sensitivity coefficient.
  • Adaptive_by_Time — Algorithm of adaptive trailing by time.
  • Time_Scale — time interval for price analysis.

Trading within the week:

• Monday — When set to true, trading on Monday is allowed.
• Tuesday — When set to true, trading on Tuesday is allowed.
• Wednesday — When set to true, trading on Wednesday is allowed.
• Thursday — When set to true, trading on Thursday is allowed.
• Friday — When set to true, trading on Friday is allowed.

Time trading within a day:

• Use time — when set to true, trades in certain time intervals.
• Time_Setting — server time or computer time.
• GMT_mode — GMT offset of the broker server time. (0 – not used).
• Every_Day_Start — operation start time (HH:MM).
• Every_Day_End — operation end time (HH:MM).

Friday close time:

• Use time — If true, trades at a certain time.
• Time_Setting — server time or computer time.
• GMT_mode — GMT offset of the broker server time. (0 – not used).
• Disable_in_Friday — operation end time on Friday (HH:MM).