This production version of Dragon Money Forex Pro. This bot help you run with profit, with 1000$ just run with volume 0.01, on M1 bar with money pair like GPBUSD, EURUSD
Key Features
🎯 Triple Strategy Execution
- HILO Strategy: Combines RSI analysis and price action
- Strategy 15: Based on closing price momentum
- Strategy 16: Integrates RSI and price pattern recognition
💰 Intelligent Money Management
- Auto Lot Sizing: Automatically adjusts trade volume based on account balance
- Risk-Based Scaling:
- Account < $200,000: Uses fixed lot size
- Account ≥ $200,000: Lot = 0.001% × Balance
📊 Grid Trading with Martingale
- Smart grid trading system
- Automatically opens additional orders when market moves against positions
- Progressive lot size increase using mathematical formula
- Take Profit management based on average price
🛡️ Comprehensive Risk Protection
- Equity Stop Loss: Closes all trades when losses exceed % of equity
- Timeout Protection: Automatically closes trades after predetermined time
- Trailing Stop: Moves stop loss following favorable trends
- Maximum Trades Limit: Limits maximum number of trades per strategy
Operating Mechanism
Entry Logic
HILO Strategy:
• RSI(14) > 30 + High[1] > Low[2] → SELL
• RSI(14) < 70 + High[1] < Low[2] → BUY
Strategy 15:
• Close[2] > Close[1] → SELL
• Close[2] < Close[1] → BUY
Strategy 16:
• Close[2] > Close[1] + RSI > 30 → SELL
• Close[2] < Close[1] + RSI < 70 → BUY
Exit Strategy
- Dynamic Take Profit: Based on average price of basket orders
- Trailing Stop: Automatically adjusts to price movements
- Time-based Exit: Closes trades after predetermined time period
- Equity Protection: Emergency stop when drawdown is excessive
Configuration Parameters
Core Trading Settings:
- Lots: 0.01 - Base trade volume for initial positions
- LotExponent: 1.22 - Multiplier for progressive lot sizing in grid trades
- lotdecimal: 2 - Decimal places for lot size calculation precision
- PipStep: 250 - Distance in pips between grid orders
- MaxLots: 99 - Maximum number of simultaneous trades allowed
Profit & Loss Management:
- TakeProfit: 70 - Take profit target in pips
- UseEquityStop: Yes - Enable equity-based stop loss protection
- TotalEquityRisk: 20% - Maximum equity risk percentage threshold
- slip: 500 - Maximum allowed slippage in points
Trailing Stop Configuration:
- UseTrailingStop: No - Currently disabled
- TrailStart: 13 - Pips profit required before trailing starts
- TrailStop: 3 - Trailing stop distance in pips
Parameter Explanations
Core Trading Parameters:
- Lots (0.01): Initial trade size - conservative starting volume
- LotExponent (1.22): Moderate progression multiplier for grid trades
- PipStep (250): Wide grid spacing - suitable for volatile markets
- MaxLots (99): Very high trade limit - allows extensive grid expansion
Risk Management:
- TakeProfit (70): Conservative profit target for balanced risk/reward
- UseEquityStop (Yes): Active equity protection enabled
- TotalEquityRisk (20%): High risk tolerance - suitable for experienced traders
- slip (500): High slippage tolerance for volatile market conditions
Trailing Stop (Currently Disabled):
- TrailStart (13): Would start trailing after 13 pips profit
- TrailStop (3): Tight trailing distance for maximum profit capture
- UseTrailingStop (No): Currently disabled to rely on TP strategy
Advantages
✅ Risk Diversification across 3 independent strategies
✅ Automated Money Management based on account size
✅ Drawdown Protection with multiple safety layers
✅ Hands-free Operation - completely automated
✅ Profit Optimization through grid trading
✅ Conservative Base Settings with room for aggressive expansion
Risk Warnings
⚠️ High-Risk Strategy: Uses Martingale which can lead to significant losses
⚠️ Margin Requirements: Requires substantial capital to withstand drawdown
⚠️ Market Conditions: Performs best in ranging/sideways markets
⚠️ Spread Sensitive: High spread costs may impact profitability
⚠️ Grid Expansion: 99 MaxLots allows for very large position accumulation
Usage Recommendations
- Minimum Account: $10,000+ recommended for current settings
- Optimal Account: $50,000+ for comfortable grid expansion
- Timeframes: Works on all timeframes
- Currency Pairs: Best for major pairs (EURUSD, GBPUSD, USDJPY)
- Spread Requirements: < 2 pips for optimal efficiency
- VPS Recommended: 24/7 uptime essential for grid management
- Market Conditions: Ideal for ranging markets with occasional breakouts
Current Configuration Analysis
The EA is configured with conservative base lots (0.01) but aggressive grid potential (MaxLots: 99) and wide pip steps (250). This setup suggests:
- Suitable for volatile markets due to wide grid spacing
- High risk tolerance with 20% equity stop
- Moderate progression (1.22 multiplier) prevents rapid lot escalation
- Trailing stop disabled, relying on fixed TP strategy
- High slippage tolerance suitable for news events
Disclaimer: Forex trading involves high risk. Always test thoroughly on demo accounts before using real money. Never invest more than you can afford to lose.
