Use on M5 bar for Gold

Can test demo account here https://ctrader.com/products/316

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DRAGON GOLD EA PRO - QUICK REFERENCE GUIDE

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OVERVIEW

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Dragon Gold EA Pro is a grid/martingale automated trading robot for cTrader.

Optimized for XAUUSD (Gold) trading with advanced money management.

Platform: cTrader | Framework: .NET 6 | Magic Number: 99224

TRADING STRATEGY

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HOW IT WORKS:

1. Entry Signal: Compares last 2 candles

- Candle[2] close > Candle[1] close → SELL

- Candle[2] close < Candle[1] close → BUY

2. Grid Building: When price moves against position by PipStep pips,

opens new orders with larger lot sizes (martingale)

3. Exit: Closes all orders when total profit reaches TakeProfit target

KEY PARAMETERS EXPLAINED

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MONEY MANAGEMENT

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MMType (Default: 1)

0 = Fixed lot size for all orders

1 = Martingale (lot increases: 0.01 → 0.02 → 0.04 → 0.08...)

2 = Based on last trade result

Lots (Default: 0.01)

Initial order size. Start small!

Micro accounts: 0.01-0.05 | Standard accounts: 0.1-1.0

LotExponent (Default: 2.0)

Multiplier for next order size

1.5 = Conservative | 2.0 = Standard | 3.0 = Aggressive (HIGH RISK!)

LotsDigits (Default: 2.0)

Decimal precision for lot sizes (usually 2 for most brokers)

GRID SETTINGS

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PipStep (Default: 300 pips)

Distance between grid orders

Gold: 200-400 | EURUSD: 50-150 | GBPUSD: 75-200

Smaller = More orders = Higher risk

TakeProfit (Default: 100 pips)

Target profit for entire grid

Conservative: 150-300 | Moderate: 80-150 | Aggressive: 50-100

MaxTrades (Default: 30)

Maximum simultaneous orders

More trades = Need more capital

Capital guide for Gold (LotExponent=2.0):

- 10 trades: $500 minimum

- 15 trades: $1,000 minimum

- 20 trades: $2,500 minimum

- 30 trades: $5,000+ minimum

RISK MANAGEMENT (CRITICAL!)

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UseEquityStop (Default: FALSE)

*** ALWAYS SET TO TRUE ***

Auto-closes all orders if account equity drops too much

TotalEquityRisk (Default: 20%)

Max % of equity to risk before force-close

Conservative: 10-15% | Moderate: 15-20% | Aggressive: 20-25%

*** NEVER exceed 30% ***

UseTrailingStop (Default: FALSE)

Moves stop-loss to lock in profits

Activates at 10 pips profit, trails by 10 pips

ORDER MANAGEMENT

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UseClose (Default: FALSE)

TRUE = Closes previous order when opening new one (reduces exposure)

FALSE = Keeps all orders open (standard grid)

UseAdd (Default: TRUE)

TRUE = Allows adding new grid orders

FALSE = No new orders after first entry

slip (Default: 30 points)

Max acceptable slippage (30 points = 3 pips for 5-digit brokers)

TIME MANAGEMENT

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UseTimeOut (Default: FALSE)

Enables automatic closure after specified time

MaxTradeOpenHours (Default: 48 hours)

Max time a grid can stay open

Useful to avoid holding over weekends/news events

QUICK START CONFIGURATIONS

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CONSERVATIVE SETUP ($500-$1,000 account)

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MMType: 1 | Lots: 0.01 | LotExponent: 1.5 | PipStep: 400

TakeProfit: 150 | MaxTrades: 15 | TotalEquityRisk: 15

UseEquityStop: TRUE | UseTimeOut: TRUE | MaxTradeOpenHours: 72

Expected: Low risk, slow growth, ~15% max drawdown

MODERATE SETUP ($2,000-$5,000 account)

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MMType: 1 | Lots: 0.02 | LotExponent: 2.0 | PipStep: 300

TakeProfit: 100 | MaxTrades: 20 | TotalEquityRisk: 20

UseEquityStop: TRUE | UseTrailingStop: TRUE | UseTimeOut: TRUE

Expected: Balanced risk/reward, standard martingale

AGGRESSIVE SETUP ($10,000+ account)

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MMType: 1 | Lots: 0.05 | LotExponent: 2.0 | PipStep: 250

TakeProfit: 80 | MaxTrades: 30 | TotalEquityRisk: 25

UseEquityStop: TRUE | UseTrailingStop: TRUE

Expected: Higher profits, higher risk, needs monitoring

IMPORTANT WARNINGS

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*** MARTINGALE/GRID STRATEGY IS HIGH RISK ***

Risk Factors:

- 15 consecutive 2x trades = 32,768x initial lot size!

- Strong trending market can wipe out account

- Large grids consume significant margin

ALWAYS:

- Use UseEquityStop = TRUE

- Test on demo for 30+ days first

- Start with conservative settings

- Close EA before major news (NFP, FOMC, etc.)

- Maintain 200%+ margin level

- Use VPS for 24/7 operation

NEVER:

- Trade with money you can't afford to lose

- Use maximum leverage

- Set TotalEquityRisk > 30%

- Run during major news events

- Ignore margin warnings

INSTALLATION

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1. Open cTrader → Automate tab

2. Import DragonGoldEAProNet6.cs file

3. Click "Build" to compile

4. Drag robot onto XAUUSD chart

5. Configure parameters (UseEquityStop = TRUE!)

6. Enable "Algo Trading" and click "Start"

RECOMMENDED MARKET

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Best: XAUUSD (Gold) - High volatility, large pip movements

Suitable: GBPUSD, EURJPY

Not Recommended: Low volatility pairs, exotic pairs, crypto

Timeframe: H1 (1-hour) or H4 (4-hour) recommended

EMERGENCY ACTIONS

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If drawdown > 20%:

1. STOP EA IMMEDIATELY

2. Close all orders manually

3. Review and reduce parameters

4. Test on demo before resuming

If margin level < 150%:

1. Deposit funds OR close some positions

2. Reduce MaxTrades setting

3. Consider pausing EA

TECHNICAL INFO

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Order Label: "GOLD-{OrderNumber}"

Magic Number: 99224

Order Types: Market orders only (OP_BUY, OP_SELL)

Take Profit Method: Grid-averaged

TP Price = (Sum of OrderPrice x OrderLots) / Sum of OrderLots + TakeProfit

SUPPORT & DISCLAIMER

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*** RISK DISCLAIMER ***

Trading forex/CFDs on margin is HIGH RISK. You may lose all invested capital.

Past performance does not guarantee future results. This EA does not guarantee

profits. Developer assumes no liability for losses.

By using this EA you acknowledge:

- You understand the risks of automated trading

- You accept full responsibility for losses

- You will test thoroughly on demo first

- You understand martingale strategies are high risk

License: Valid until October 21, 2031

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Dragon Gold EA Pro - Professional Grid Trading Solution for cTrader

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Grid/martingale strategies carry substantial risk. Use at your own discretion and always validate settings on historical data and in demo before going live.