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M Dragon is a short name for Money Dragon. An Expert Advisor that uses a managed martingale, scalping, hedging, and averaging strategies
into one. It is a high risk multi-pairs Expert Advisor that works well and minimizes the risk if you let it run on multi-pairs mode. The
multi-pairs mode is activated when the “Multipairs” parameter is set to TRUE. This allows the Expert Advisor to be attached in a single chart
at any timeframe but will automatically trades 28 commonly traded currency pairs simultaneously.
Parameters
-
Money Management – This is used to divide the Account Balance then multiplies it to BaseLotsize. Use
default. -
Base Lotsize – The lotsize multiplier after calculating the Money Management
parameter. Use default. - Margin Limit to open a new trade– Margin Level % should be above this value to open a trade.
- Maximum Open Trades – Overall maximum number of open trades by the account.
- Maximum Open Trades per Pair– Maximum number of open trades per pair.
-
Volatility Meter (Higher than 6 is more conservative) – Measurement
of volatility of overall market if volatility level is equal or more than the value indicator that’s the
only time the EA will open a trade. This feature can not be executed in backtesting as it measures all pairs and correlation
of all pairs. Therefore, backtesting of this EA will not give you accurate result. -
Overall Target Profit % of All Profit– In percentage %. Once equity increases by the value
indicated in this parameter, all open orders will be closed. - Each Pair Target Profit %– Each pair of open trades have a % target profit of the balance.
- Trail Stop Loss in Points– Trail stop to protect profit.
- Sure Profit on Trail Stop in Points– Assures profit in points once Trail Stop is triggered.
- PO Distance in Pips– Distance of pending orders from the current price, once created.
- Trade Multiple Pairs– True if the EA will trade all commonly traded pairs using 1 chart only. False if it will
trade only the chart pair. -
Start of Trading Time (GMT+2)– The default time 1 is in GMT+2. Please change it to the equivalent
time of your server’s timezone. -
End of Trading Time (GMT+2)– The default time 20 is in GMT+2. Please change it to the equivalent time
of your server’s timezone. - Number of Bars for Analysis– Number of bars for analysis. The default is 48 for 4-hour analysis in a 5min
timeframe. - Trend Mode – Multiplier for the distance breakout.
- Number of Bars for Confirmation Analysis– Number of bars for analysis. The default is 96 for 4-day
analysis in a 1-hour timeframe. - Trend Mode of the Confirmation – Multiplier for the distance breakout.
Money Management Formula
Please see Parameters
Lots = (Account Balance / MM) * Baselotsize
