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Dracko Mt5 Bot is an MT5 expert advisor that combines grid and scalping logic with a chart dashboard. It is aimed at FlipX instruments at Deriv or WelTrade and cannot be backtested.
Get one message the moment it launches, with its price.
Dracko Mt5 Bot is an expert advisor for MetaTrader 5 that mixes grid trading with short-term scalping entries. The author describes it as using artificial intelligence for market analysis and says it is tuned for the FlipX1, FlipX2 and FlipX3 instruments.
The expert advisor opens positions based on its own analysis of price action and manages them with a multi-layer grid. When price moves against an open position, additional orders can be placed at set distances, and the basket is closed by the automatic closing system once its target conditions are met. Grid methods can collect small gains often, but they can also accumulate large floating losses in a sustained trend. Understand this trade-off before running it on a live account.
The author lists two strategies that are analysed in real time, along with a dashboard on the chart that reports what the system is doing. The strategy tags for this product are scalping, grid and support and resistance.
The product is described as optimised for FlipX1, FlipX2 and FlipX3, offered by Deriv and WelTrade. Other brokers or symbols are not covered by the description, so confirm that your account lists these instruments before purchase. The preferred chart timeframe is not specified, so check the author's guidance and test on a demo account.
The following groups of inputs are mentioned. Exact names, defaults and ranges can differ, so read the input tab in your terminal.
| Group | Purpose |
|---|---|
| Capital protection | Limits exposure and controls floating loss |
| Recovery level | Sets how the system works back from a losing basket |
| Cooldown | Pause time after protective actions, with automatic restart |
| Time control | Up to 24 time slots to define operating hours across time zones |
The author suggests an initial capital of roughly 200 to 500 USD. Treat that as a starting point to verify, not as a guarantee of suitability, because lot sizes, leverage and account type all change the risk. Use the time slots to avoid sessions you do not want to trade, and keep protection settings conservative.
Trading carries risk, and you can lose some or all of your capital. Past results, including any shown on the product page or in screenshots, do not predict future ones. Test on a demo account first.
Because backtesting is not supported by the author's design, use a demo account to observe behaviour before moving to live trading.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Trade style | Grid with scalping entries, support and resistance logic |
| Markets | FlipX1, FlipX2, FlipX3 at Deriv or WelTrade |
| Timeframes | Not stated by the author; confirm before running live |
| Time control | 24 configurable time slots |
| Backtesting | Not supported by the author's design |
| Suggested capital | Author suggests about 200 to 500 USD; verify for your account |
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The author states it is set up for Deriv and WelTrade, and specifically for the FlipX1, FlipX2 and FlipX3 instruments. If your broker does not offer these symbols, the expert advisor may not behave as intended. Check symbol availability on your account before buying.
The author says it is not compatible with backtesting because of how its analysis is implemented. Plan to evaluate it on a demo account first, and remember that demo results do not predict live results.
No. This is an MT5 expert advisor and will not run on MT4. You need a MetaTrader 5 terminal connected to a supporting broker.
Copy the expert advisor file into the Experts folder of your MT5 data directory (File, Open Data Folder, MQL5, Experts), then restart the terminal or refresh the Navigator. Drag it onto a chart of a supported symbol and enable Algo Trading.
Exact recommended values are not given here, so check the author's documentation and test on a demo account. The main settings to review are capital protection, recovery level, cooldown time and the time slots.
No automated strategy is safe in an absolute sense. Grid systems can build large floating losses when the market moves against open positions. Use only money you can afford to lose and set the protection options conservatively.
Dracko Mt5 Bot
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