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Trading product for DragonMoneyForexNet6 cBot Forex EURUSD, image 1
DragonMoneyForexNet6
cBot
6 purchases
Version 1.0, Dec 2024
Windows, Mac, Mobile, Web
4.3
Reviews: 3
Trading product for DragonMoneyForexNet6 cBot Forex EURUSD, image 2
70.59M
Traded volume
589.08K
Pips won
63
Sales
5.1K
Free installs

Description

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

You can test the demo version at https://ctrader.com/products/299

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.

Summary

AI summary
DragonMoneyForexNet6 is an automated Forex trading bot designed for use on major currency pairs such as EURUSD, GBPUSD, and USDJPY. It operates primarily on the M1 timeframe and employs a triple strategy execution combining three independent methods: the HILO strategy (which integrates RSI and price action), Strategy 15 (based on closing price momentum), and Strategy 16 (which combines RSI with price pattern recognition).

Key features include intelligent money management with auto lot sizing that adjusts trade volume according to account balance, and a grid trading system enhanced by Martingale techniques. This grid system automatically opens additional orders when the market moves against positions, progressively increasing lot sizes and managing take profit based on the average price of basket orders.

Risk management tools incorporated are equity stop loss, timeout protection, trailing stop (currently disabled), and limits on maximum trades per strategy. The bot is configured with conservative base lots (0.01) and wide grid spacing (250 pips), allowing for extensive grid expansion up to 99 simultaneous trades, suitable for volatile and ranging market conditions.

Recommended for accounts starting at $10,000 with optimal performance at $50,000 or higher, it requires low spread conditions (under 2 pips) and continuous operation, ideally on a VPS. The bot emphasizes automated, hands-free trading with multiple safety layers and profit optimization through grid trading.
Trading profile

Customer reviews

4.3
Reviews: 3
5
33 %
4
67 %
3
0 %
2
0 %
1
0 %
Customer reviews
December 25, 2024
Focused risk helper around oscillator setups. The useful part is checking stretched conditions before entries, with the numbers checked before scaling. A clean test needs 25 oscillator signals, 2 timeframe confirmation and a clear 1R exit plan. The tool is useful when overbought or oversold is treated as context, not a command.
December 24, 2024
December 24, 2024
Steady context check if the trader wants it gives a familiar read on overextension and momentum. It works best as support, not a final decision maker. RSI style levels around 30 and 70 help, but I would add a 2 swing divergence check. strong trends can keep signals stretched.

Discussion

FAQ

Forex
EURUSD
GBPUSD
RSI
Grid
Martingale
USDJPY
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

70.59M
Traded volume
589.08K
Pips won
63
Sales
5.1K
Free installs