Available soon
Loading product…
Draco EA is an MetaTrader 4 expert advisor that reads Ichimoku Kinko Hyo signals, support and resistance areas and two lower timeframes before opening or closing trades. Position size can follow a risk percentage or a fixed lot.
Get one message the moment it launches, with its price.
Draco EA is an automated trading system for MetaTrader 4. It uses the Ichimoku Kinko Hyo indicator to judge price momentum, marks areas of support and resistance, and checks two shorter timeframes before it acts on a signal.
The EA runs on a chart and analyses Ichimoku readings together with candlestick bar ranges and recent top and bottom prices. It then decides when to open and when to close a position. Signals from the M5 and M15 charts are used as additional confirmation for trade management, so the decision does not rest on the working timeframe alone.
Each trade has a stop loss and a take profit target, and break-even handling is part of the exit logic. The EA aims to close positions on its own signals before those levels are reached, but the stop remains in place as account protection. In unusually volatile conditions it may hedge or open more than one position, so watch how it behaves on a demo account and in the strategy tester before relying on it.
The suggested symbols are EURUSD, GBPUSD and USDJPY, attached to an M30 chart. Other pairs can be loaded, but they should be tested on their own before any live use. The EA may go several days without trading, and it is intended as a longer-term approach rather than a high-frequency one.
Set files are the recommended way to configure the EA for each pair. The main inputs are listed below.
| Input | Purpose |
|---|---|
| Magic number | Identifies the EA's orders. Make sure it differs from any other EA in the same terminal. |
| Ichimoku parameters | Best left as supplied in the set file. |
| Take profit, stop loss, trailing | Use the set file values or adjust to your own preference. |
| Risk percentage | Position size from a percentage of the account. The default is a medium level; adjust to your tolerance. |
| Fixed lot (money management 0) | Uses a lot size you enter instead of a percentage. |
| Maximum lot size | Upper limit for a position. Check it against your broker rules. |
| Trading ranges | Already optimised. Changes can strongly affect results. |
| Modify or replace stops | Enabled by default. |
| Open bar delay | No restriction by default. |
Higher risk percentages increase both potential gains and potential drawdowns, and large drawdowns are possible at aggressive settings. Start low, or use a fixed lot, and review behaviour on a demo account first.
Trading leveraged products carries a high level of risk and may not suit every investor. Past results, including back tests, do not predict future performance. Only trade with money you can afford to lose.
Before going live, run the strategy tester with your broker's data and check that spreads, slippage and lot limits match your account.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Signals, Grid, Momentum, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Core logic | Ichimoku Kinko Hyo, support and resistance, bar ranges |
| Suggested symbols | EURUSD, GBPUSD, USDJPY |
| Suggested timeframe | M30, with M5 and M15 used for confirmation |
| Position sizing | Risk percentage or fixed lot size |
| Trade protection | Stop loss, take profit target, break-even, optional trailing |
| Requirements | MT4 terminal with automated trading enabled |
No reviews yet. Customers who own Draco EA can review it here.
No. This product is built for MetaTrader 4. It will not load in MetaTrader 5, so make sure your broker account runs on an MT4 terminal before you buy.
The EA is intended for EURUSD, GBPUSD and USDJPY on the M30 chart. It can be attached to other pairs, but you should test any other symbol carefully on a demo account first. Settings differ between pairs, so use matching set files where available.
The Ichimoku parameters are tuned for the strategy and are best left alone. The same applies to the trading ranges, because changing them can strongly affect results in either direction. Adjust risk, lot size and stop management first.
By default the EA sizes each new position from a risk percentage. If you set the money management value to 0, it uses the fixed lot size you enter instead. A maximum lot size input also exists, so check its value against your broker limits.
Not necessarily. It acts on signals, so there may be days or longer stretches without a trade. It is meant as a longer-term approach, and results will vary from week to week.
The EA is described as not very sensitive to spread or latency, but lower spreads and a faster connection generally help any automated strategy. Test on a demo account with your own broker conditions before using real funds.
Draco EA
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Draco EA? Sign in to review it.