Trend Dragon EA focus on trend based trading logic. It operates based on a proprietary trend indicator. While specific technical details about the indicator are limited, user discussions and available documentation suggest that it incorporates Fibonacci level based logic to determine whether to place buy or sell trades. Once a trend direction is identified, the EA initiates trades accordingly.
One of the key features of this expert advisor is its ability to either:
- Trade with defined stop-loss levels, potentially allowing for less risky configurations depending on user preferences.
- Automatically manage a network of trades, increasing position sizes under certain conditions (a technique commonly known as martingale), or
Use of Martingale and Hedging
Trend Dragon EA makes use of both martingale and hedging strategies. While this can optimize profitability in trending or ranging markets if used correctly, it’s worth noting that these techniques can also increase risk, particularly during periods of market volatility or strong reversals.
Martingale involves increasing trade sizes after a loss, with the expectation that a subsequent win will recover prior losses and produce a profit. Hedging, on the other hand, refers to opening opposite positions on the same or correlated instruments to manage exposure. The combination of both strategies can be powerful, but it demands careful oversight.
Recommendations
- Minimum account balance of 1000$.
- It works on EURUSD, GBPUSD, AUDCAD, XAUUSD, and BTCUSD . (work on any pair).
- It works on M5, M15, M30, H1 Timeframes.
- There are optimized set files with timeframe and currency.
