Description
Strategy Type & Trading Approach
DragonH4GoldEA is a trading robot designed for Gold on the H4 timeframe. It uses a trend-following strategy with a volume-scaling approach to optimize trading opportunities. The robot includes multiple filters to identify strong trends and manage risks effectively.
Entry Logic & Execution Behaviour
The robot opens one trade per new H4 bar based on market momentum. It offers three trading modes: Buy only, Sell only, or Auto (automatically determines direction based on market trends). The robot uses advanced filters, such as moving averages, trend strength, and volatility indicators, to ensure high-quality trade entries. If the market moves against an open position, the robot adjusts the trade size to optimize recovery.
Risk & Capital Management Principles
The robot dynamically adjusts its trade parameters based on the current Gold price, ensuring adaptability to market conditions. It includes built-in equity protection to close all trades if losses exceed a set percentage of the account balance. A maximum trade size limit is also enforced to prevent excessive risk.
Key Trade Parameters
• Lot Sizing: Configurable base lot size with options for automatic adjustment based on account balance or market volatility.
• Martingale Settings: Adjustable aggressiveness and maximum trade size.
• Dynamic Scaling: Automatically adjusts trade parameters based on Gold price levels.
• Risk Management: Equity stop-loss and margin checks to protect your account.
• Filters: Optional trend, RSI, and ATR filters for precise trade entries.
Who This Bot Is Best Suited For
This robot is ideal for experienced traders who understand the risks of volume-scaling strategies. A minimum account size of $3,000 is recommended, with a starting lot size of 0.01. It is best used as part of a diversified trading strategy.
Important Limitations & Usage Notes
This robot employs a volume-scaling strategy, which can lead to significant drawdowns during prolonged adverse trends. It is designed exclusively for Gold and may require optimization for other instruments. Always test on a demo account before live trading and use appropriate risk management.
Summary
Key features include multiple technical filters—such as EMA, ADX, RSI, and ATR—to identify strong trends and ensure precise trade entries. The robot dynamically adjusts lot sizes and trade parameters according to current Gold price levels and market volatility. It incorporates equity stop-loss and margin checks to protect the trading account, enforcing maximum trade size limits to control risk exposure.
Dragonfly is suited for experienced traders familiar with volume-scaling strategies and requires a minimum recommended account balance of $3,000. It is intended for use as part of a diversified trading approach. The robot supports fixed risk percentage management and is optimized for day trading on Gold with medium trade frequency. Backtesting data covers a period from January 2025 to March 2026 using leverage of 1:500.
Customer reviews
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