Dragon Expert is an automated trading robot developed by the joint efforts of professional traders, programmers and technical analysts. This combination of knowledge allowed us to create an advanced algorithmic code that allows for a monthly increase in the deposit by 70-100%. Let’s try to understand whether it really is. Let’s analyze the capabilities of the forex robot and make a conclusion about its effectiveness.
A detailed review of the Dragon Expert forex robot
Information about the Expert Advisor Dragon Expert is published on a multipage website, which is adapted only for English. We have studied all sections and now briefly share all the important information. In the section “About Us” it is said that the project manager is David King – there is not a single link that would allow evaluating the profile of this person. It is not clear who this is and why he can be trusted to. There is no information about other project participants. If you are interested, you can ask a question to the technical support manager. You can contact them via Skype, email or online chat in the lower right corner of the site.
Cost and terms of purchase
Now we publish tariffs that are relevant in the middle of July 2019. The service rules state that these tariffs can be changed at any time at the discretion of the Dragon Expert project management. Currently, all users have four tariff plans:
- “Free” – connects to a demo account and does not require payment. The purpose of this tariff is to test and assess the capabilities of the adviser for free. The results should not be much different from those that will be in the paid version of Dragon Expert.
- “Novice Trader” for $197. One license for one trading account is sold here. You can buy the program using Visa, PayPal, and other popular payment systems.
- “Professional Trader” for $397. This tariff differs from the previous one in that instead of one license you will receive ten. More trading deposits → more active licenses → higher returns.
- “Unlimited” worth $1,497. Here you can connect any number of licenses for an unlimited amount of deposit.
The advisor can be downloaded immediately after payment, but the license will be activated only after processing the request – the procedure takes up to 24 hours. If you wish, you can add additional functions to the advisor. To do this, you need to send an email to the technical support managers and briefly explain your idea. After you will be contacted and will discuss the conditions individually.
Dragon Expert is a universal trading algorithm that scans all timeframes and everywhere shows approximately the same result. The best indicator is demonstrated by currency pairs GBP / USD, USD / JPY and GBP / JPY – these are recommended assets that you can change at your discretion. The more non-standard pair, the lower the level of correlation and the higher the probability of a quick drain of the deposit. To get started, it is desirable to have at least $ 5000. You can use $ 200, but in this case, the adviser must be connected to the cent deposit.
When you download an expert advisor, you do not need to perform any additional actions – all settings are optimized by default. This means that you can only count on the first profit after a few minutes after the launch of the program. In 2019, Dragon Expert was optimized for the Metatrader 4 terminal. Work is underway and in the future, the advisor will have compatibility with Metatrader 5. If you buy advisors and for some technical reasons it does not start, you will be given money back or will help fix the problem. For other reasons, the money after the payment is not returned – that is, the warranty period is not provided.
The advisor can be downloaded immediately after payment, but the license will be activated only after processing the request – the procedure takes up to 24 hours. If you wish, you can add additional functions to the expert advisor. To do this, you need to send an email to the technical support managers and briefly explain your idea. After you will be contacted and will discuss the conditions individually.
Dragon Expert Trading Strategy
Dragon Expert in real-time mode finds correlated currency pairs and selects profitable entry points with the help of coded algorithms for profit.
If we look at the site footer disclaimer, then along with the risk warning, we will see a reference to the fact that the program works according to the martingale method – that is, after each loss received, the adviser will increase the rate and can quickly ruin any deposit. No more details on the site have been published.
The site has a separate section with statistics, visualizing the high performance of Dragon Expert. For example, if you replenish your account with $ 5000 and give them to the advisor for five months, you can get more than 1000% of the profits and withdraw almost $ 55,000. If there are a lot of graphs and an extended report on myfxbook. The disadvantage of these data is that they are just a simulation and demonstration of a test of history. There are no statistics with effectiveness on the real deposit and therefore it is not clear what kind of profitability to count on.
There are no user reviews on the Internet that reveal the capabilities of the Dragon Expert trading advisor. All comments are of the same type and come down to one of two judgments: an excellent robot with the help of which you can really make money or not contact these scammers because they are guaranteed to take your money. There are a few positive comments on the official site, but they do not count. We do not trust such information, therefore we do not take into account the reviews when summarizing the results.
Dragon Expert is a well-developed information product, the main advantage of which is in the demo version of the robot. You can install a free advisor and learn in detail how it works. Like it – buy it. If you note the shortcomings, then, first of all, you should pay attention to three points:
- There is no data about the developers.
- There is no detailed description of the trading algorithm.
- An incomprehensible algorithm is superimposed on the martingale rate increase system. This is a risky approach that may result in the loss of a trade deposit.
For active technical support and availability of a free license, we assign the average level of reliability and rating of 6 out of 10 to Dragon Expert forex robot.