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EA Black Dragon is a MetaTrader 4 expert advisor that opens trades from the colour of a trend indicator. It can run as a single trade with a stop loss or build a series of orders with configurable spacing and lot sizing.
Get one message the moment it launches, with its price.
EA Black Dragon is an automated trading tool for MetaTrader 4 that bases its entries on a trend indicator. When the indicator changes colour, the expert advisor opens a position in the matching direction, and you then decide whether it should stay a single trade with a stop loss or grow into a series of orders.
The core signal comes from the colour of the trend indicator on the timeframe you select. A colour pointing up allows buy trades and a colour pointing down allows sell trades. You can also switch on a stochastic filter, which adds a second condition before an entry is taken.
After the first order, the expert advisor can add further orders in the same direction. The spacing between them is either a fixed distance or a dynamic distance that starts from a chosen order number and widens by a multiplier. Lot size can be fixed, scaled by a multiplier for each added order, or calculated from the account balance with the auto lot option.
An overlap function can close the first and the last order of a series together. The idea is that the profit on the latest order offsets the loss on the earliest one, by a percentage you set. You choose the order number at which this starts. This can lower exposure, but it does not remove the risk of a losing series.
The timeframe for the indicator is selected in the inputs. The listing does not set a fixed list of symbols, so you should test on the instruments your broker offers and compare spreads, swaps and trading hours. Start with a demo account.
The inputs are grouped around trade permissions, filters, lot sizing and order spacing. The main ones are listed below. Check the default values in the terminal after loading the expert advisor, as they are not repeated here.
| Input | Purpose |
|---|---|
| Open new series | Allows or blocks the start of a new order series |
| Trade Buy / Trade Sell | Enables each direction separately |
| Manage manual orders | Lets the expert advisor handle orders you opened by hand |
| Use hedge | Allows buy and sell positions at the same time |
| Max spread | Blocks entries above the spread you set; zero disables it |
| Start Hour / End Hour | Trading window |
| Magic | Number used to identify its own positions |
| Initial Lot, Autolot, Lot multiplier, Max Lot | Position sizing |
| Max buy orders / Max sell orders | Caps the size of a series |
| TP / SL | Take profit and stop loss in pips; zero disables each |
| Overlap options | Order number and percentage for closing first and last orders together |
| Pause between orders | Minutes to wait before adding another order |
| Fix distance, dynamic distance, distance multiplier | Spacing between orders in a series |
Adding orders to a series raises exposure as the market moves against you. Use the maximum order and maximum lot inputs, consider a stop loss, and size the initial lot to your account.
Trading carries risk and you can lose part or all of your deposit. Past results, including backtests and published monitoring, do not predict future ones. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Trend following with optional order series |
| Entry signal | Trend indicator colour, optional stochastic filter |
| Timeframe | Selectable in the inputs |
| Order management | Fixed or dynamic spacing, overlap of first and last order |
| Risk controls | Stop loss, max spread, max orders, max lot, trading hours |
| Requirements | Automated trading enabled and a demo test before live use |
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This listing is for MetaTrader 4 only. It will not load in MetaTrader 5, so check that your broker account runs on MT4 before you buy.
Copy the expert advisor file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag it onto a chart. Make sure Algo Trading is switched on and automated trading is allowed in the Tools > Options > Expert Advisors tab.
The timeframe for the trend indicator is set in the inputs. No single combination is right for everyone, so test several symbols and timeframes on a demo account or in the Strategy Tester and review the drawdown before using real funds.
Yes. The inputs let you switch off new series, set a stop loss in pips and limit the maximum number of buy and sell orders. Check how these options interact in a demo test before you trade live.
The inputs include a spread filter and a trading-hours window, so low and stable spreads are helpful. Hedging is an optional input, so confirm that your account type allows opposite positions on the same symbol if you plan to use it. Minimum deposit depends on your lot settings and risk tolerance, so work it out in testing.
A backtest is only a rough guide. Trading carries risk and past results do not predict future ones, and order series strategies in particular can produce large drawdowns when a trend reverses.
EA Black Dragon
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