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Dragon Multi EA MT5 is an expert advisor that combines three price action trend strategies (long, medium and short term) in one program. It is aimed at major forex pairs on M30, H1 and H4 charts.
Get one message the moment it launches, with its price.
Dragon Multi EA MT5 is an automated trading program for MetaTrader 5 that packages three price action strategies into a single expert advisor. Each strategy follows the trend on a different horizon: long term, medium term and short term.
The expert reads price action on the chart it is attached to and opens positions in the direction of the trend that its selected strategy identifies. Because the three strategies are built around different trend lengths, they will not behave identically. Long-term logic should trade less often, while short-term logic should react sooner. The expert sets its own profit and loss limits for each trade, so you will not find a single fixed take profit or stop loss value to adjust.
The author states that it does not use martingale or hedging and that it follows FIFO rules. These are claims you should confirm yourself by watching the expert on a demo account or in the Strategy Tester.
The expert is intended for four major forex pairs:
Recommended timeframes are M30, H1 and H4. Higher timeframes generally produce fewer signals, while lower ones tend to be noisier. The expert can be attached to other symbols, but it was not tuned for them and the outcome may differ noticeably.
Exact default values can differ between builds, so check the inputs tab after loading the expert. The main options are:
| Input | Purpose |
|---|---|
| Select strategy | Chooses which of the three strategies runs, using its default settings |
| Magic number | Identifies this expert's trades; use a different number for each expert on the account |
| Comment | Labels trades so they can be told apart from other experts |
| Risk | Percentage of the account risked per trade; start low |
| Manual lot | Sets a fixed lot size instead of automatic sizing |
| Days of the week | Stops the expert from trading on the days you exclude |
Keep the risk percentage modest, particularly in the first weeks. The author notes tests with a small account and 1:50 leverage, but you should confirm what deposit, leverage and lot size suit your broker's contract specifications and your own tolerance for loss. Running a backtest over a recent period with your chosen inputs will show the approximate trade frequency and drawdown.
Trading carries risk and you can lose part or all of your capital. Past results, including backtests, do not predict future ones. Test on a demo account before using real funds.
If you plan to run several experts on one account, give each a unique magic number so their trades do not interfere with one another.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Strategy | Price action, trend following on three horizons |
| Intended pairs | EURUSD, AUDUSD, USDCAD, GBPUSD |
| Intended timeframes | M30, H1, H4 |
| Position sizing | Risk percentage or fixed manual lot |
| Tested reference | Small account and 1:50 leverage were used in the author's tests |
| Requirements | MT5 terminal with algo trading enabled; a VPS is advisable |
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No. This is an MT5 expert advisor and will not load in MetaTrader 4. Check that your broker offers MT5 accounts for the instruments you want to trade.
The author states the expert recognises the symbol automatically, so names such as EURUSD.c or EURUSD.b should not need changes. Confirm this on a demo account with your broker first.
It will trade other symbols, but the strategies were designed around EURUSD, AUDUSD, USDCAD and GBPUSD on M30, H1 and H4. Results on other symbols may differ, so test them carefully before using real money.
It is not strictly required, and you can run the expert only during the hours you choose. However, open trades are managed by the expert, so closing the terminal while a position is open is not advisable. A VPS keeps it running continuously.
Profit and loss limits are set by the expert for each trade rather than being fixed point values, so they vary from trade to trade. Review the behaviour in the Strategy Tester with your own settings.
The number depends on the strategy you select, the symbol, the timeframe and your inputs. The simplest way to estimate it is to run a backtest over a recent period with your chosen settings.
Dragon Multi EA MT5
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