Introducing the Expert Dragon Scalper EA MT4
Name: Dragon Scalper
Version: New Version
The Right Platform: Meta Trader 4 (MT4)
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What is Dragon Scalper EA MT4?
Dragon Scalper EA MT4 has been listed on the MQL5 marketplace since January 2020, with its most recent update occurring in March 2020. It is created by Michela Russo, who boasts a portfolio of multiple products on the platform. This trading robot analyzes the market to detect the primary trend and executes trades leveraging volatility alongside a complex algorithm designed to forecast future trends.
Features of Dragon Scalper EA MT4
An extensive evaluation of its features could include:
- Compatibility across various currency pairs and timeframes
- VolumeMM - Automatically assesses the lot size based on the account balance.
- VolumeDef - Defines the lot size for market entry.
- StopLoss - Sets the Stop Loss threshold.
- TakeProfit - Determines the Take Profit target.
- SpreadControl - Enforces limits on the spread.
- HistTick - Denotes the number of ticks in the historical data being analyzed.
- MaxTick - Specifies the maximum number of consecutive ticks to be considered.
- LevelTick - Indicates the tick value that triggers an action.
- DrawDown - Sets a cap on the maximum permissible drawdown.
- MinClose - Outlines the minimum closing amount.
- The live account offered by AlnoTrade shows a significant overall gain of +705.06% and a daily gain of 0.70%. The data reveals that the trading bot achieves a successful outcome in roughly 65% of the trades executed.
Reasons to Consider Using Dragon Scalper EA MT4
- Automated Trading: It empowers traders to automate their trading approach, facilitating 24/5 trading without the necessity of constant manual supervision.
- Scalping Strategy: Tailored specifically for scalping, it proves effective in volatile conditions, capitalizing on minor price fluctuations.
- Risk Management: Generally encompasses functions to regulate risk per trade, potentially reducing significant drawdowns.
Performance of Dragon Scalper EA MT4
When evaluating user feedback, it is essential to consider insights regarding:
- Performance: The effectiveness of the EA in terms of profitability and risk management.
- Reliability: The EA's consistency in executing trades according to its established strategy without technical difficulties.
- Support: The quality of customer service and community assistance provided by the developer, alongside updates and troubleshooting support.
The Dragon Scalper has garnered favorable reviews from users, with many emphasizing its capacity to identify trends and execute trades effectively. Users have commended it for displaying commendable results with minimal drawdown, particularly on the M1 timeframe, and for its contribution to the trading community through advanced technology.
Recommended Configuration for Dragon Scalper EA MT4
🤗WISH YOU SUCCESSFUL TRADING🤗
