Black Dragon EA is a Forex expert advisor developed by Ramil Minniakhmetov. It is running on version 11.0 and was last updated in March 2022. The EA allows for 5 activations with over 9700 demos in use.
About Black Dragon EA
Black Dragon EA is an indicator-based trading software. It works on its own Dragon indicator and opens a deal by indicator color. Information is sparse, however, we see that the vendor mentioned something about stop-loss orders.
Apart from this, there is no other detail about the robot or the principal indicator it works with.
The robot is sold at an inexpensive price of $30. As expected, rental options do not come at this price.
EA Black Dragon Software
When it comes to the actual software of this system, the vendor also fails to provide information about the necessary recommendation and specificity.
I can’t say whether the robot is good for the EURUSD pair or better with the USDJPY. Also, someone cannot figure out the right timeframe to run this robot.
When it comes to broker specificity, you can’t say the recommended leverage or the minimum deposit required.
There are a couple of input values provided. However, someone cannot figure out how the EA works from these settings. You cannot say whether it is a news filter, follows the trend, scalper, hedging, or grid.
The vendor decides to leave everyone totally in the dark.
The robot has a signals performance stats which was started about a week ago. It was hosted on the RoboForex platform with leverage of 1:2000.
Signals result shows a total growth of 572%. The win rate is 69.6% while the drawdown is over 49%.
So far, the robot has completed a total of 507 trades. The robot trades very frequently, trades per week is 428 and it has a very short holding time of 5 hours.
How it works
EA Black Dragon is an automated trading software that works based on an indicator. It’s like putting a plane on autopilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated.
Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather, and other factors.
The inconsistency of the market is impossible to program into a robot, and therefore the results of Black Dragon are inconsistent as well.
Conclusion
EA Black Dragon is a Forex robot that does not state any details about its logic or trading strategy.
The trading result is quite new, the EA trades very frequently and the downtown is already giving us a negative perception.
Wallstreet Forex Robot is a piece of software that works based on scalping. The latest version comes with a broker spy module that prevents unfair play by brokers during trading.
It costs just $267 and you also get a bonus auto bot system.
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Black Dragon Expert Advisor
$30
Pros
- Performance result
- Inexpensive
Cons
- No verified result
- Poor strategy insight
- Not transparent
- High drawdown
- Few result samples