White Dragon EA For FREE Download - MT4/MT5 Resources
White Dragon EA is an automated Forex robot that usually sells for $30. It initiates trades based on the indicator's color. You can choose to increase the order network and apply a stop loss to each order. It is based on trend detection indicators that support various strategies. You can make entries based on the modified Stochastic indicator while using the color of the Black Dragon indicator as a filter.
From the Black Dragon EA input, you can choose the initial lot size. You can enable the automatic lot size feature and let the EA automatically calculate the lot size. You can also set a lot multiplier for subsequent orders. It is also possible to set the maximum trading volume that the EA can open.
Please test in a demo account for at least a week first. Also, familiarize yourself and understand how the free Forex robot works, and then use it only on a live account.
Recommendations
- Work Only on EUR/USD, AUD/USD, NZD/USD, USDCHF, USDCAD ( works on any time frame )
- Work best on 15M ( work within any time frame )
- The minimum standard account balance is $1,000 or equivalent in cents.
- For best performance, this free Forex EA should be online 24 hours a day, it is recommended to use a VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread ECN accounts are also recommended ( find the best broker for you here )
Input Parameters
- Open new series –> True/False – the EA will open another series of orders (enable/disable)
- Trade Buy – True/False –> EA will buy or not (enable/disable)
- Trade Sales – True/False –> EA will sell or not (enable/disable)
- Manage manual orders –> True/False – if true the EA will manage manual orders (enable/disable)
- Use Hedging – True/False –> EA will Hedging (Buy and Sell)
- Order Comment –> Enter the comment of your choice
- Maximum spread (0-not used) –> Maximum spread allowed
- Start Hour –> Time when EA starts trading
- End Hour –> Time when EA stops trading
- Magic –> EA identifies the number of its own position
- TF Black Dragon –> Select time range from selection
- Show stochastic –> True/False – If True the EA will trade using the stochastic settings below
- Max buy orders –> The maximum number of buy orders allowed
- Max sell orders –> Maximum sell orders allowed
- Initial Lot –> Start lot
- Autolot –> True/False – enable/disable automatic lot calculation
- Autolot size –> When Autolot size is True, the deposit amount of the starting lot will be used
- Lot multiplier –> Lot multiplier for subsequent orders
- Max Lot –> The maximum lot size that EA can open
- TP (0-not use) –> Profit in points
- SL (0-not use) –> Stop loss in pips
- Overlap last order –> True/False – the first and last order will close and offset each other to reduce drawdown (enable/disable)
- Overlap with last order number –> In what order will the overlap start?
- Overlap percent –> The first order will close the position with a loss, the last order will close the position with a profit, the profit percentage after the position is closed, the loss plus X% will be recovered
- Pause between orders (minimum 0 – not used) –> number of minutes to pause between orders VI Distance – distance between orders
- Read More Elite Tactics EA – [On sale for $245] – Free
ForexCracked.comEA-White-Dragon-MT4.zip
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