Red Dragon MT5

Description

The Red Dragon EA M5 is an advanced trading tool crafted to take advantage of robust market trends using a trend-following strategy. It delivers accurate entry and exit signals by utilizing technical indicators, allowing for efficient navigation of the Forex market. Equipped with essential risk management features, this EA ensures optimal trade execution while effectively minimizing potential losses.

Key Features of the Red Dragon EA M5

 

• Partial Position Closure: The EA is designed to minimize risk by allowing for the partial closure of positions during slippages. This feature can be fully customized to suit your trading style.

 

• Thorough Testing: Rigorous backtesting and optimization have been conducted using real ticks with a quality of 99.9%. The EA has also successfully undergone stress testing to ensure reliability.

 

• Trade Statistics Collection: An integrated algorithm gathers trade statistics and presents them on the information panel, providing valuable insights into perf

 

How to Install Red Dragon EA M5?

 

Ready to harness the power of the Red Dragon EA M5? Follow these straightforward steps to set it up and start trading:

1. Download the EA: Begin by downloading the Red Dragon EA M5 from a above download button.
2. Install the EA: Launch your trading platform, whether it’s MT4 or MT5. Locate the correct directory for expert advisors and place the EA file there.
3. Customize Settings: Once installed, open the EA’s settings to tailor it to your trading style. Adjust parameters for risk management and trade execution to suit your preferences.
4. Begin Trading: Attach the EA to your chosen currency pair and timeframe, then sit back and let it execute trades on your behalf.

 

Supported Pairs for Red Dragon EA M5

The Red Dragon EA M5 is designed to work optimally across various currency pairs and timeframes, making it a versatile tool for traders. Here’s a breakdown of the supported pairs and timeframes for this expert advisor:

Supported Currency Pairs

1. Major Pairs:
   • EUR/USD
   • GBP/USD
   • USD/JPY
   • AUD/USD
   • USD/CHF
2. Minor Pairs:
   • EUR/GBP
   • AUD/NZD
   • GBP/JPY
   • NZD/JPY
   • EUR/AUD

 

Requirements for Using Red Dragon EA M5

To ensure optimal performance and results with the Red Dragon EA M5, it’s important to meet the following requirements:

1. Quotes: The trading platform must provide 5-digit quotes for accurate price representation.
2. Spread: A maximum spread of 0 to 20 pips is allowed for effective trade execution.
3. Minimum Deposit: A minimum deposit of $100 is required to start trading with the EA.
4. VPS/Hosting: For best results, use a VPS or hosting server with minimal network latency to the broker’s server to ensure fast order execution.
5. Broker: Choose an ECN broker that offers low commissions and spreads to maximize your trading profits.
6. Leverage: It’s recommended to use a leverage of 1:100 or higher to enhance trading capacity.
7. Magic Numbers: If using multiple expert advisors on the same account, ensure each one has a different Magic number to prevent conflicts.
8. Scalping: Confirm with your broker whether scalping strategies, such as holding a position for less than a minute, are permitted.