EA Black Dragon is an expert advisor that is sold on the MQL5 market and has one week old trading results. The system doesn’t look like a stable and predictable trading solution.
Detailed EA Black Dragon review
The system has a few explanations provided. It’s not enough to understand how everything works and what we have to expect from the system.
- The dev claims that the system works automatically for us.
- So, we can expect that the system will open and close orders on a terminal.
- The system opens trades on GBPUSD.
- The time frame is M15.
- We should have our account at $1000 or more.
- The direction can be determined by us which we’d like to work in.
- We are free to set SL and TP levels that we want.
- We have a spread filter applied.
- We can customize our hours of trading during the day.
- There’s a magic number to mark its orders.
- “It is possible to use a modified stochastic to enter, using the color of the black dragon indicator as a filter.”
EA Black Dragon strategy tests
We get a GBPUSD report based on the over ten years of the tick data. The data provider was RoboForex. The leverage was 1:500. An initial deposit was $1,000. The system has increased it to $308,951. The profit factor was 2.14 when the recovery factor was 2.89. There were 3342 deals traded with 73.80% of the win rate for short and 73.77% for short trading positions.
EA Black Dragon live trading results
It’s how an account looked several days ago.
We may note that the account “lost” a week of its trading results. The system works on a real RoboForex account automatically. The maximum drawdown is 0.1%. The maximum deposit load is 0.1%. Now, the win rate is 100%. An initial deposit was $1608. The absolute growth has amounted to 239.17%.
An average trade frequency is 16 deals weekly. The average holding time is 8 minutes.
We have only November’s trading results.
The dev removed all lost orders. Now, we have only profitable orders in November.
EA Black Dragon closed 13 orders. The best trade is $525 without any trade lost. The recovery and profit factors aren’t available because no trades were lost.
The system has only Gold traded among other pairs.
We can purchase an advisor for $50. The pack includes only one lifetime license. We have no rental options available to give this system a try because of its affordability. A demo copy is available to execute some backtests and check settings. We have no refunds available.
We have plenty of positive reviews on MQL5. Based on them, the system has a 4.97 out of 5 possible rating.
Ramil Minniakhmetov is a developer from Russia that has a 170,215 rate. His products have a 4.9 rate based on 129 testimonials.
EA Black Dragon MT5 is a robot that acts like a scam. The system got its data moderated. The developer removed trading results of October, keeping only November high-risk results. The advisor is too dangerous to give it a try.