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EA Black Dragon is an MT5 expert advisor that opens trades according to the colour of a trend indicator. It can then add further orders in a series or work with a stop loss, and it needs a hedging account.
Get one message the moment it launches, with its price.
EA Black Dragon is an expert advisor for MetaTrader 5 that takes its trade direction from a trend indicator. When the indicator changes colour, the EA opens a position in that direction. From there you decide whether it works with a stop loss or builds a series of orders.
The entry signal comes from the colour of the trend indicator on the timeframe you select. An optional stochastic filter can be switched on to add a second condition before a trade is opened. You can allow buying, selling or both, and you can set a cap on the number of buy and sell orders.
If the market moves against the first position, the EA can open further orders. The spacing between them can be fixed, or it can switch to a dynamic distance after a chosen order number, with a multiplier that widens the gap. Lot sizes for later orders can be scaled with a lot multiplier, up to a maximum lot you define. The EA also has a hedge option and needs an account type that supports hedging.
An overlap option lets the EA close the first and the last order of a series together, so a profitable order offsets a losing one and reduces the open drawdown. You choose from which order number this starts and the percentage target.
The timeframe is selected in the inputs. The product description does not fix a list of symbols, so test the settings on the instrument and broker you plan to use. Spreads, swap and contract sizes differ between brokers and can change results noticeably. If preset files are supplied with your download, check which symbol each one was made for.
The main inputs are summarised below. Exact values are not given here, so review them in the strategy tester before trading.
| Input group | What it controls | |
|---|---|---|
| Trade Buy / Trade Sell / Use hedge | Which directions the EA may trade and whether it hedges | |
| Start Hour / End Hour / Max spread | Trading window and the highest spread accepted | |
| TF Black Dragon / Use stochastic | Signal timeframe and the optional stochastic filter | |
| Initial Lot / Autolot / Lot multiplier / Max Lot | Position sizing and growth of lots within a series | |
| TP / SL | Take profit and stop loss in pips; 0 switches each off | |
| Fix distance / dynamic distance / Distance multiplier | Spacing between orders in a series | |
| Overlap settings | Closing the first and last orders together to reduce drawdown | |
| Magic / Order Comment / Manage manual orders | Identification of the EA's own positions and handling of manual ones |
Strategies that add orders as price moves against the position can build large exposure in a strong trend. Keep the initial lot small, limit the maximum number of orders and the maximum lot, and consider using the stop loss. Check the margin level your broker requires before running a long series.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests and any monitoring pages, do not predict future ones. Test on a demo account first.
For continuous operation, many users run the EA on a VPS so the terminal stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account type required) |
| Strategy focus | Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | Trend following with optional order series |
| Entry logic | Trend indicator colour, optional stochastic filter |
| Timeframe | Selectable in the inputs (TF Black Dragon) |
| Markets | Set by the user; check the preset files supplied |
| Position sizing | Fixed initial lot or auto lot based on deposit |
| Requirements | Algo trading enabled, VPS recommended for continuous running |
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No. This listing is for MetaTrader 5 only. It also needs an account that supports hedging, so check your account type with your broker before you buy.
The timeframe is chosen in the inputs, and the EA can be attached to any symbol you test it on. Suitable symbols and values depend on your broker and the preset files included, so run the strategy tester on your own broker's data before trading live.
Copy the expert file into the Experts folder via File, Open Data Folder, MQL5, Experts in MetaTrader 5, then restart the terminal or refresh the Navigator. Drag the EA onto a chart, enable algo trading and load a preset file if one is included.
No fixed figure is given here. The needed balance depends on your lot settings, order spacing, lot multiplier and the symbol. Test with the strategy tester and a demo account to see how much margin a series of orders can use.
The EA offers both approaches. You can set a stop loss in pips, limit the number of buy and sell orders, or allow a series of orders. Check each input before running it live.
There is a Manage manual orders option. When enabled, the EA includes manually opened positions in its management. Leave it off if you want to keep manual trades separate.
EA Black Dragon MT5
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