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Dragon Pips is an automated expert advisor for MetaTrader 4. It trades without increasing lot size after each order, offers an optional auto lot setting, and the developer suggests EURUSD and USDCHF.
Get one message the moment it launches, with its price.
Dragon Pips is an expert advisor for MetaTrader 4 that opens and manages trades automatically on forex charts. The developer describes it as a system that does not raise lot size from one order to the next and, in some cases, reduces the following lot.
The exact entry and exit rules are not published in detail, so treat the EA as a black box and judge it by observation on a demo account. What the developer does state is that it does not use a martingale approach: each new order does not carry a larger lot than the last. The system may lower the next lot in certain situations. You can verify this by watching the volumes of orders in the Terminal window during a test period.
The developer suggests EURUSD and USDCHF, and says any timeframe can be used. Even so, it is sensible to pick one pair and one timeframe, test them separately and compare the results before adding a second chart. Spreads, execution speed and swap differ between brokers, and these affect how any automated system behaves.
Full input details are not listed here, so open the Inputs tab after attaching the EA and read each parameter carefully. The developer mentions the following areas:
| Area | What to know |
|---|---|
| Lot | The developer suggests 0.01 for a balance of about 300 USD. Adjust to your own balance and risk limits. |
| Auto lot | An optional mode where lot size is calculated for you. Check how it is calculated before using it on a live account. |
| Pair and timeframe | EURUSD and USDCHF are suggested. Timeframe is flexible. |
Input names on your copy may be worded differently, so rely on what you see in the properties window. If anything is unclear, contact the developer before trading live.
Trading carries a high level of risk, and past results do not predict future ones. No expert advisor can remove the possibility of loss, and this page does not promise any outcome.
For continuous operation, many traders run MT4 on a VPS so that the terminal stays online without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Suggested pairs | EURUSD and USDCHF |
| Timeframes | Any, per the developer |
| Position sizing | Fixed lot or auto lot option |
| Reference balance | About 300 USD at 0.01 lot, per the developer |
| Broker | Regulated, reputable broker recommended |
| Requirements | MT4 terminal, Algo trading enabled, stable connection or VPS |
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No. This product is built for MetaTrader 4. It will not load in MetaTrader 5, which uses a different program format. Check that your broker offers an MT4 account before buying.
The developer suggests EURUSD and USDCHF and says the EA can run on any timeframe. Test your chosen pair and timeframe on a demo account first, because behaviour can differ between brokers and conditions.
According to the developer, the lot size of each order is not increased, and the next lot may sometimes be reduced. Confirm this on your own demo account by watching the order sizes it opens.
The developer refers to a balance of around 300 USD with a 0.01 lot, or using the auto lot option. This is a reference only, not a guarantee of safety. Choose a balance and lot size that suit your own risk tolerance and your broker's contract specifications.
Copy the EA file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag the EA onto a chart and make sure Algo trading is switched on and automated trading is allowed in the EA properties.
Yes, a VPS is a common choice for any EA that must run continuously. Install MT4, log in to your account and attach the EA there in the same way as on a desktop.
Dragon Pips
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