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"
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
The trading system uses a grid trading approach with Martingale, automatically opening additional orders when the market moves against positions and progressively increasing lot sizes. Profit-taking is managed dynamically based on the average price of basket orders, supported by trailing stop and time-based exit mechanisms. Comprehensive risk protections include equity stop loss, timeout protection, trailing stops, and limits on maximum trades per strategy.
Key configurable parameters include base lot size (0.01), grid spacing (250 pips), maximum simultaneous trades (99), and take profit targets (70 pips). The bot is optimized for ranging or sideways markets with low spreads (<2 pips) and is recommended for accounts starting at $10,000, with $50,000+ preferred for comfortable grid expansion. VPS hosting is advised for continuous operation.
