Description
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 โ SELL
- Candle[2] close < Candle[1] close โ 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 โ 0.02 โ 0.04 โ 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 โ 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.
Summary
Key features include advanced money management options such as fixed lot sizing, martingale progression, and lot sizing based on previous trade results. The grid system places additional orders at defined pip intervals (PipStep), increasing lot sizes exponentially to manage drawdowns and target a cumulative take profit. Users can configure parameters like maximum simultaneous trades, take profit targets, and risk limits, including an equity stop to automatically close all positions if the account equity falls below a set threshold.
The EA supports market orders only and calculates take profit based on a grid-averaged price. Recommended markets include XAUUSD for its high volatility, with suitability also for GBPUSD and EURJPY. Timeframes of H1 or H4 are advised for optimal performance. The product includes risk management features such as trailing stops and time-based trade closures.
Users are advised to test extensively on demo accounts, use conservative settings initially, and enable risk controls like equity stop. The EA is not recommended for trading during major news events or with excessive leverage.
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