EA Red Dragon Advisor on Breakdown of Important Levels of Resistance and Support

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EA Red Dragon Advisor on Breakdown of Important Levels of Resistance and Support 1

EA EA Red Dragon makes use of a technique based mostly on the breakdown of crucial ranges of resistance and help. An adaptive transaction help algorithm is used. The EA makes use of a small cease loss, which signifies that the account is at all times protected against drawdowns, and the danger per commerce could be very low.

The skilled has built-in a place closing system throughout slippage. (it's attainable to customise).

Backtesting and optimization had been carried out on actual ticks with a historical past high quality of 99.9%. Advisor efficiently handed stress testing.

The Skilled Advisor has an algorithm for gathering statistics with displaying statistics on an data panel.

EA Red Dragon Advisor on Breakdown of Important Levels of Resistance and Support 2

Demo account monitoring

Working forex pair / timeframe: EURUSD M30.
EA Red Dragon Advisor on Breakdown of Important Levels of Resistance and Support 3

The principle benefits of the robotic

  • Doesn't use martingale.
  • Doesn't use Ilan.
  • Doesn't use arbitration.
  • Doesn't use Grid.
  • Doesn't use different dangerous methods.
  • All the time applies a cease loss to guard capital.
  • Primarily based on the unique copyright algorithm .
  • Works with totally different brokers.
  • Can work with a small deposit.
  • Solely pending orders.
  • It could work with a hard and fast lot and MM.
  • Doesn't open orders at excessive unfold. (it's attainable to customise).

EA Red Dragon Advisor on Breakdown of Important Levels of Resistance and Support 4

Necessities and suggestions

  • 5-digit quotes.
  • Most unfold  -  from 0 - 20 factors.
  • The minimal deposit is $ 100.
  • Remember to use VPS with minimal community latency to the dealer server.
  • ECN dealer with low fee and unfold.
  • We advocate for proper buying and selling  ALPARI , Forex4YOU, EXNESS
See also  Currency Strength EA (Secret Japanese EA) Free MT4 Robot

Choices

  • Order Kind -  commerce instructions.
  • Magic - The  magic quantity of orders.
  • Order remark -  Feedback to the order.
  • Slippage -  Allowable slippage earlier than the order triggers.
  • Use customized slippage - set  to true - the order shall be closed if slippage is extra  customized slippage .
  • customized slippage -  slipping to shut the order.
  • Max Unfold -  Most Unfold allowed earlier than triggering a pending order.
  • disable commerce if unfold excessive -  Flip off buying and selling for a sure time (from 5 minutes to 24 hours) if the typical unfold exceeds the  Max Unfold.
  • Use_Risk_MM -  If true, the lot measurement will increase because the account steadiness grows. (Danger administration).
  • Percentage_Risk -  Improve in lot measurement based mostly on steadiness (danger administration in%).
  • Lot -  Lot is everlasting (if  Use_Risk_MM  is fake).
  • Take_Profit -  Take Revenue in factors.
  • Stop_Loss -  Cease loss in factors.
  • Adaptive Trailing cease -  If true, adaptive trailing cease is used.
  • Trailing Cease -  Trailing factors when the place is in revenue. (-1 = off, 0 =  Stop_Loss  ).
  • Sensible cease loss -  Factors of sensible cease loss (-1 - disable)
  • Danger Safety Shut Orders -  If true, pressured closing is used to guard in opposition to losses.
  • breakdown previous weeks -  If true, we use the breakdown of the previous weeks.

Commerce inside per week:

  • Monday -  If true, commerce on Monday.
  • Tuesday -  If true, commerce on Tuesday.
  • Wednesday -  If true, commerce on Wednesday.
  • Thursday -  If true, commerce on Thursday.
  • Friday -  If true, commerce on Friday.
See also  Trading Using Two Pivots

Intraday buying and selling:

  • Use time  - If true, buying and selling takes place in time.
  • Time_Setting  - Server time or laptop time.
  • GMT_mode  - The mode of figuring out the dealer server time offset relative to GMT. (0 - unused).
  • Every_Day_Start -  Begin time (hh: mm).
  • Every_Day_End - Finish  Time (hh: mm).

Friday Shutdown Time:

  • Use time -  If true, buying and selling takes place in time.
  • Time_Setting  - Server time or laptop time.
  • GMT_mode  - The mode of figuring out the dealer server time offset relative to GMT. (0 - unused).
  • Disable_in_Friday -  The top time on Friday (hh: mm).

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.