EA Red Dragon is work based on the breakdown of the most important support and resistance levels. It uses an adaptive trade trailing algorithm. Red Dragon EA always uses a very small SL so the account is mostly protected from big-equity drawdown with a very low risk-per-trade. 

This free forex EA has an information panel that contains a collection of statistics of the algorithm. Red Dragon EA was backtested and optimized using real ticks with 99,9% quality and successfully passed multiple stress testing. It also doesn’t utilize Martingale, GRID, Averaging, and other dangerous strategies.

Recommendations

• Minimum account balance of 100$
• Work Best On EURUSD. (work on any pair)
• Work best on M30 Time Frames
• Low Spread ECN account is recommended.
• Use this free forex EA on a VPS with minimal network latency to the broker’s server.

You May Also Like ❤ :

MetaTrader4 EA / MetaTrader5 EA / MT4 Indicators / MT5 Indicators

Extreme Spike EA with Indicator | FREE Forex Trading EA

The extreme spike indicator is a Metatrader indicator that detects market trend extreme high and extreme low spikes. It is...

MetaTrader4 EA / MetaTrader5 EA

Heiken Ashi Naïve EA (Reverse Heiken Ashi strategy) | FREE Forex Trading EA

Heiken Ashi Nave is a MetaTrader expert advisor that uses the platform’s standard indicator of the same name to implement...

MetaTrader4 EA / MetaTrader5 EA

PersistentAnti EA (Measures persistence of price movements; trades against it) | FREE Forex Trading EA

PersistentAnti is a Forex expert adviser that takes advantage of the concept of trend persistence. The Forex market charts are...

MetaTrader4 EA / MetaTrader5 EA

Ichimoku Chikou Cross EA (Uses Ichimoku Kinko Hyo for signals, ATR for position sizing) | FREE Forex Trading EA

Ichimoku Chikou Cross is a MetaTrader expert advisor based on standard Ichimoku Kinko Hyo indicator with default settings. Specifically, it...