Red Dragon V1.03 EA MT5: Your Ultimate Trading Companion
Key Features
- Minimum Deposit: $100
- Time Frame: M30 (30 minutes)
- Currency Pairs: EURUSD, USDJPY
Strategy Overview
The Red Dragon V1.03 EA MT5 employs a sophisticated trading strategy based on the breakdown of key support and resistance levels. Here’s how it works:
- Adaptive Trade Trailing: The EA uses an adaptive trailing algorithm to maximize profits while minimizing risks.
- Small Stop Loss: A very small stop loss is used to protect your capital from significant drawdowns.
- Partial Position Closure: The EA can partially close positions during slippages to manage risk effectively.
- Pending Orders: Only pending orders are used to ensure precise entry points.
- Risk Management: The EA includes a risk management system that adjusts the lot size based on the account balance.
Requirements and Recommendations
- 5-Digit Quotes: Ensure your broker provides 5-digit quotes.
- Maximum Spread: 0 to 20 pips
- Leverage: 1:100 or higher is recommended
- VPS/Hosting: Use a VPS or hosting server with minimal network latency to the broker’s server
- ECN Broker: Choose an ECN broker with low commission and spread
Parameters
- Order Type: Trade direction
- Magic Number: Unique identifier for the EA’s orders
- Order Comment: Custom comment for the EA’s trades
- Slippage: Allowable slippage before an order triggers
- Max Spread: Maximum spread allowed before a pending order triggers
- Risk Management: Lot size adjustment based on account balance
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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