Introduction
Ah, Dragon Multi EA MT4, another contender in the crowded arena of Forex trading robots. With a rating of 4.71 and a price that climbs faster than a squirrel on caffeine, it promises to be the knight in shining armor for your trading woes. But let's not get carried away. We'll dissect its features, analyze its performance, and see if it lives up to the hype.Description of Features
Dragon Multi EA MT4 is designed to trade the EURUSD currency pair on the M30 timeframe. It combines three distinct price action strategies: long-term, medium-term, and short-term. The robot avoids risky strategies like martingale and hedge, adhering strictly to FIFO rules. It includes various capital management strategies, making it suitable for use with low capital. The EA also has profit and loss limits to keep your trading in check.Performance Analysis
Over the past year, Dragon Multi EA MT4 has shown mixed results. While some users, like lisi and merkurnuhiji, have praised its ability to predict market situations and stick to the plan, others have noted its inconsistency during volatile market conditions. The backtesting results are promising, but live trading performance varies, highlighting the importance of continuous monitoring and risk management.Pros and Cons
- Pros:
- Versatile with three distinct strategies
- Adheres to FIFO rules
- Avoids risky strategies like martingale and hedge
- Suitable for low capital
- User-friendly interface
- Cons:
- Inconsistent performance during volatile market conditions
- Price increases by $100 after every 10 purchases
- Requires continuous monitoring
Conclusion
Dragon Multi EA MT4 is a robust tool with considerable potential, but it's essential to approach it with realistic expectations and a well-thought-out trading plan. For those willing to invest the time and effort, it can be a valuable addition to their trading arsenal. However, don't expect it to be a magic wand that solves all your trading problems.Source Code of Dragon Multi EA MT4
We don't have access to the original source code of the Dragon Multi EA MT4 sold on MQL5. However, based on its description, we have created a sample code available on easytradingforum.com. Note that this is not the original code but a version developed by the EASY Trading Team based on the provided specifications.
Code:
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