EA Black Dragon MT5 v13.0 - when high risk is justified by quick profits
EA Black Dragon MT5 v13.0 is a high-risk EA, but as we know, it is precisely these EAs that are capable of generating maximum profits in the shortest possible time, which is sometimes very justified, especially since with the right approach to trading and money management, it is sometimes possible to protect against possible deposit losses and generate profits over a long period of time. Let's figure out how to achieve this.
Сharacteristics of the EA Black Dragon MT5 v13.0
- Official website: MQL5
- Platform: Metatrader5
- EA version: 13.0
- Currency pairs: AUDCAD, EURUSD, GBPUSD, GBPCHF, USDCAD, NZDCAD, XAUUSD, BTCUSD
- Trading Time: Any (customisable)
- Timeframe: M1 - H1
- Minimum deposit: 5000 (medium risk) or 5000 USD cents, best conditions here ➔ ProCent
- Recommended broker: Roboforex, XM (for BTC), FBS
How does it work?
According to the developer, the Black Dragon EA opens trades based on signals from the proprietary Black Dragon indicator and then accompanies them with a grid of orders, which is precisely what makes this EA high-risk.
According to the seller, EA Black Dragon is adapted for trading on major and cross currency pairs, metals (Gold) and cryptocurrencies (BTC), but I was only able to get positive tests on some currency pairs.
EA has an information dashboard and also accompanies closed trades with labels indicating the amount of profit/loss directly on the chart:
This looks very promising, especially when there are many profit labels – it can make novice traders' eyes light up. But don't forget about the risks that lie behind this beautiful picture.
Testing
For example, I was unable to get consistently profitable results on backtests, even using the author's settings files. Only the following pairs performed consistently:
AUDCAD 2019-2026 M5 $5000 - Default settings
AUDCAD 2019-2026 M15 5000 - with set
EURUSD 2019-2026 M5 5000 - Default settings
EURUSD 2019-2026 M30 5000 - with set
NZDCAD 2019-2026 M5 5000 - Default settings
For the other pairs, the EA failed the test and lost the deposit. It looked something like this:
USDJPY 2019-2026 M5 5000 - Default settings
But, to be fair, in most cases, the EA managed to double, and sometimes even triple, the initial deposit of 5,000 before it was completely lost, which makes it possible to at least trade break-even – withdraw the initial deposit (I recommend at least 5,000 = $50 on ProCent accounts) and thus make trading safe. And then, just as regularly withdraw the profits earned by the EA, thereby making your trading profitable.
EA Black Dragon MT5 v13.0 Live signal
Parameters of the EA
First of all, you will need to add 2 URLs in the MT5 terminal settings, and the EA will inform you about this, (Tools > Options (or CTRL+O) > Expert Advisors > + add new URL):
https://sslecal2.investing.com/
https://www.worldtimeserver.com
In the EA settings, you can manage Stop Loss and Take Profit, adjust the order grid, true/false hedging, manage the EA's trading during the release of news of varying importance (High, Medium and Low), set trading using fixed and Auto lots, set up hourly trading, and more.
Conclusion
EA Black Dragon MT5 v13.0 is definitely a high-risk Expert Advisor, and I would not recommend it to beginners or traders who are not prepared to lose their initial deposit. And, of course, there is no question of using a real account – you need to start with tests and demo accounts. Based on this, you can then build up your trading using this EA. Since the robot requires a large initial deposit, I would recommend 5,000+ units, so it would be advisable to start with a cent account, such as ProCent.
Of course, if you need your advisor to work smoothly with a stable and reliable connection and minimal order execution delays, then you cannot do without a VPS.
In the archive EA_Black_Dragon_v13_MT5.rar (348 Kb):
- EA Black Dragon MT5 v13.0.ex5
- Presets
Free Download EA Black Dragon v13.0 MT5
