BLACK DRAGON V8 EA – Forex Mt4 Expert Advisor

This Expert Advisor does not work with version “Build 1420” or higher.

These EAs are tools to automate your trading. They are suitable for traders at all levels, but we advise practicing with a demo account until you achieve consistency and confidence for live trading.

The Black Dragon EA Bot for Metatrader 4 is a robust fully automated trading solution that opens and closes trades based on the indicator color and the trend. Please look at the attached images to see the results.

RECOMMENDATIONS:

• TF: M15 Work Best
• PAIRS: EURUSD, GBPUSD

Inputs Value 

• Open new series – True/False – EA will open another series of orders (enable/disable)
• Trade Buy – True/False – EA will buy or not buy (enable/disable)
• Trade Sell – True/False – EA will sell or not sell (enable/disable)
• Manage manual orders – True/False – If true EA will manage manual orders (enable/disable)
• Use hedge – True/False – EA will hedge (buy and sell)
• Order Comment – Type in comment of your choice
• Max spread (0-not use) – Maximum spread allowed
• Start Hour – the hour that the EA will start trading
• End Hour – the hour that the EA will stop trading
• Magic – the number for the EA to recognize its own positions
• TF Black Dragon – choose time frame from selection
• Use stochastic – True/False – if True EA will use stochastic settings below to enter trades
• Max buy orders – Maximum buy orders allowed
• Max sell orders – Maximum sell orders allowed
• Initial Lot – Start lot
• Autolot – True/False – enable/disable auto lot calculation
• Autolot size – Amount of the deposit on which start lot is to be used when auto lot is True
• Lot multiplier – Lot multiplier for subsequent orders
• Max Lot – Maximum lot size that can be opened by EA
• TP (0-not use) – Take profit in pips
• SL (0-not use) – Stop loss in pips
• Overlap last order – True/False – The first and last order will close together and cancel each other out to reduce draw down (enable/disable)
• Overlap last order number – At what order number will the overlap start?
• Overlap percent – The percentage profit after first order will close in loss and last order will close in profit, recovering the loss plus X percent
• Pause between orders (min 0 – not use) – Amount of minutes to pause between orders
• Fix distance – The distance between orders
• Order dynamic distance – From which order will the dynamic distance begin (number)
• Dynamic distance start – This value sets the distance between first order and market price, where the dynamic distance will begin
• Distance multiplier – The multiplier factor for increasing distance between orders