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Dragon Scalper Pro is an MT4 expert advisor that scalps forex pairs on M5 using trend filters built from WPR, ATR and moving averages. It opens market orders mainly in a set trading window and offers FIFO mode, trailing stops and many adjustable inputs.
Get one message the moment it launches, with its price.
Dragon Scalper Pro is an expert advisor for MetaTrader 4 that trades short-term moves in the direction of the prevailing trend. It is designed mainly for major forex pairs on the M5 chart and places market orders automatically, so you do not need to open trades by hand.
The EA combines several filters before it opens a position. It reads the Williams Percent Range (WPR) for momentum, the Average True Range (ATR) to keep trading within a chosen volatility band, and two moving averages to judge trend direction. Each filter can be switched on or off, so you can decide how strict the entry conditions should be.
The developer states that the system does not rely on arbitrage or high-frequency techniques, and that it trades mainly during the Asian session. A FIFO mode is included for accounts that require orders to be closed in the order they were opened.
The suggested symbols are EURUSD, GBPUSD, USDCAD and NZDUSD on M5. The default inputs were prepared for EURUSD on that timeframe. You can try other pairs or timeframes, but you would need to optimise and test them yourself, and the result may differ a lot from the defaults.
The EA has a long list of inputs. The table below groups the main ones. Exact default values depend on the files you load, so check them in the inputs tab rather than assuming a figure.
| Group | What it controls |
|---|---|
| Money management | Fixed lot, autolot on or off, risk percentage for autolot, magic number, maximum orders |
| WPR | Period, upper and lower levels, crossing-only signals, reverse rules, timeframe, close on opposite signal |
| ATR | Period, minimum and maximum limits, timeframe |
| Moving averages | Two periods, method, timeframe, crossing signals, minimum or maximum distance in points |
| Time | Fixed start and stop hour and minute, close outside hours, close on Friday |
| Orders | Buy and sell switches, take profit, stop loss, bars to close, spread limit, comment, FIFO mode |
| Trailing | Trailing stop and average trailing stop, start only in profit, distance and step |
Trading hours follow your broker's server time, so confirm the time zone of your account before changing the hour inputs.
Scalping systems are sensitive to spread, slippage and execution speed. Results on one broker can differ from another. Use the spread limit, a sensible lot size or risk percentage, and test on a demo account before you trade live. The developer suggests a minimum deposit of about 200 USD, but you should decide your own figure based on the lot size and risk you can afford.
Trading carries risk, and you can lose some or all of your capital. Backtests and past results do not predict future ones. Never trade money you cannot afford to lose.
For testing, use the Strategy Tester with every tick data of good quality, then follow up with a demo account on the broker you plan to use.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, not for MT5) |
| Strategy focus | Scalping, Signals, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Trade style | Trend-following scalping with market orders |
| Suggested symbols | EURUSD, GBPUSD, USDCAD, NZDUSD |
| Default timeframe | M5 (defaults set for EURUSD) |
| Broker type | ECN, STP or NDD account with low spreads |
| Hosting | PC or VPS, latency up to about 100 ms suggested |
| Order rules | FIFO compatible mode available |
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No. This product is built for MetaTrader 4 and is supplied as an MT4 expert advisor. It will not load on MetaTrader 5. If you use MT5, look for a product listed specifically for that platform.
The developer recommends ECN, STP or NDD accounts, where spreads are low and execution is fast. Because the EA has a spread limit input, a broker with wide or unstable spreads may leave it with few or no trades. Test on a demo account with your broker first.
The suggested symbols are EURUSD, GBPUSD, USDCAD and NZDUSD on the M5 chart. The default inputs were prepared for EURUSD on M5. Other pairs and timeframes may be possible, but you would need to optimise and forward test them yourself.
Not strictly, but the EA needs MetaTrader 4 to stay open and connected while it trades. A VPS with a stable connection and latency of around 100 ms or lower to your broker is the usual way to achieve that.
Copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag it onto an M5 chart and enable automated trading. Allow live trading in the EA properties if the platform asks.
Run the Strategy Tester using every tick data of good quality, then trade on a demo account. Check how the results change with your broker's spreads, commissions and server time. Past results do not predict future ones.
Dragon Scalper Pro
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