EA Black Dragon is an automated system that runs on both the MT4 and MT5 terminals. It is characterized by several parameters, including the overlap percent, trade sale, and trade buy, and many more. The robot was launched on March 10, 2020.
What is EA Black Dragon?
We have listed some of the input parameters included in the system below:
- Manage manual orders
- Start and end hour, which allows the EA to begin or cease trading, respectively
- Magic- the number for the system to identify its own positions
- Max buy and sell orders
- Autolot size, which is the deposit amount on which start lot is to be utilized when the auto lot is True
- Lot multiplier
- SL and TP levels
- Distance multiplier to increase the distance between orders
- Fix distance-the distance between orders
Official EA Black Dragon website
The official site includes info about the system’s vendor, publication details, customer reviews, input values, backtest data, and live trading stats. Sadly, the developer fails to include details about the features of the robot or explain how it really works. So, we don’t know if it trades on a single currency pair or multiple symbols. It is also not clear what timeframe is used, including the minimum deposit amount required to begin trading.
Ramil Minniakhmetov is the author of this robot. Some of the other automated systems created by him are Hamster Scalping, Legend Wall Street, Asia Trend EA, and Element Gold, among others.
How can we use EA Black Dragon?
You can either attach this EA to your MT4 or MT5 account, and it will trade for you automatically without needing your intervention. As such, the system will enter and exit the market based on its strategy.
Pricing and refund
The lifetime option for this robot is $30. This pricing is fair and well within the acceptable price range of EAs. Unfortunately, the offer does not come with a money-back guarantee.
EA Black Dragon is said to run on the Black Dragon indicator. For this reason, it opens a trade depending on the color of the indicator. But this strategy explanation is not detailed enough. More information is needed to really comprehend how the system operates in the market.
According to this strategy tester report, The EA traded on the GBPUSD currency pair using historical data whose time period ranged between January 2010 and December 2020. At the time, a total net profit of $4047115.84 was realized from an initial deposit of $1000.
Thousands of trades (5105) were implemented, and their profitability rate was 74.10%. But the relative drawdown (85.14%) was extremely high, a sign that the strategy was high-risk. So, the system recorded more losses compared to wins. This is illustrated by an average profit trade of $1847.13 against an average loss trade of -$2309.24.
EA Black Dragon does not have a live account on Myfxbook, FXBlue, or FXStat. So, the results we are provided with are not verified.
This live account has been active since January 10, 2022. Within the 5 trading days, there are 13 trades completed with a profit of $13.39. Subsequently, the deposit has increased from $1000 to $1013.39. The system’s high-risk trading activities are still apparent in the live market as it has already made a drawdown of 21.4% within a week.
So far, 84.61% of the trades have been profitable, with the maximum consecutive wins and losses being 6 and 1, respectively. The profit factor (1.59) is average. This can be attributed to the system’s high loss rate showcased by an average loss rate of -$9.32 that’s higher than the average win ($2.69).
What customers say
EA Black Dragon has 112 reviews on mql5, and a majority of the customers have good things to say about the system. As such, the main claims are that the EA is good and the vendor provides support. The few disgruntled clients indicate that the robot doesn’t make any profits and can empty your account.
Summary: is EA Black Dragon a trustworthy EA?EA Black Dragon
Trading results2/5 Bad
- Cheap pricing
- Backtest results are available
- A risky strategy is present
- No money-back guarantee
- Short history of trading
- Average profit factor