Fx Pro Dragon is a Forex trading software that places and manages trades automatically. It can work as a single system or in combination with any other EA. According to its developer, the robot does not open orders all the time, but rather awaits the best moment to enter the market. It aims at protecting the capital through proper money management.
Detailed Forex Robot Review
- The vendor’s identity and the location address are undisclosed.
- The developer states that the EA is an automated Forex strategy and programmed analytical system that allows you to sit back and watch the FX Trading Signals do their magic.
- The robot stays on and operational 24/5 scanning the markets for the next available trading setup.
- The EA can trade many currency pairs but according to its developer, it’s best suitable for trading USDCAD.
- It can work with 4 digit brokers.
- The system trades on the H4 timeframe.
- It is easy to install
For questions or inquiries, the developer can be contacted through [email protected]
Fx Pro Dragon Strategy Tests
The developer does not provide a proper explanation about the strategy used by the EA. We are only told that the system uses proper capital management and calculates trade entries and exits.
Let’s see the backtest report presented in the screenshot below. The system traded this account from January 1st, 2017 to January 4th, 2021. The currency pair traded was USDCAD. From a deposit of $2450, the robot gained a net profit of $1178579.40 in 541 trades. The profit percentage was 93.16% while the maximal drawdown was 15.10%.
The average profit trade was 2361.74 whereas the average loss trade was 317.23. This is a good risk to reward ratio where winning trades are let to run while losing trades are closed early.
Live Account Trading Results
This is a live account attached to Fx Pro Dragon EA. There is a gain of $3271.22 representing 61.8% from a deposit of $5000. The maximum drawdown and profit percentages are 0.8% and 92.5% respectively. The account has been running for the last 86 days and the current balance is $8272.22. The monthly return stands at 37.4% while the weekly return is 7.9%.
Only the USDCAD pair was traded.
The total number of closed trades are 40. Out of them, 37 are winning trades while 3 are losing ones. From the closed positions, the best trade had a profit of $338.63 whereas the worst trade had a loss of -$66.72.
The average win and average loss are $90.48 and -$25.54 respectively. This shows a good risk to reward ratio.
The system has two packages namely: standard and premium. The standard package costs $129 and comprises 1 real and 1 demo while Premium goes for $169 and has 3 real and 3 demo accounts. Both packages come with an MT4 license, lifetime access, free updates, and support. There is no money-back guarantee provided.
We couldn’t find customer feedback for the Fx Pro Dragon from our searches on FPA, TrustPilot, Myfxbook, or Quora. It’s a little bit hard to trust a robot with no customer reviews as that’s one of the major ways through which we get to know whether the EA is working or not.
The presentation of this trading system is so basic hence no facts to count on before deciding to buy. With no vital information such as the vendor’s identity and the strategy explanation, we find the EA not suitable for use.