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Red Dragon MT5 (My Favourite EA: 48% Profit & 26% Drawdown)

cchong

Member
Red Dragon MT5 is one of the best EA that I've tested and I'm still using it today. Therefore I'm willing to share it with you 100% for FREE.

Monthly profits: around 48%
Max. Drawdown: around 26%
Minimum account balance to start: $1000 with a STANDARD account or $100 with a CENT account for your best safety. ECN account is not needed for this EA.
Time frame: M30
Recommended Currency Pair for use: EURUSD (other currency pairs could be more risky)
Minimum testing period: one month or more for your best safety

If you think you like the results of 48% montly profit and low drawdown of 26%, then feel free to download and use it as you wish:) I sincerely pray and hope that this EA will be blessing for you. Thank God that it has been working very well for me. I hope it would work well for you too. Having said however, there is simply no guarantee for any EA, trading tools or investment plans that will work 100% in the long run. All trading and investment do carry risks. Therefore, please do your own research, invest with money that you can afford to lose and make any decision at your own risks. simple as that.

Wish you all the best. Be safe and stay safe. Take good care and may God bless all of you.

Blessings from,
CChong. (18 FEB 2021)
 

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cchong

Member
sorry for the question, do you really use it in your real account?
Yes I do. The result is no different from demo account. This proves that this EA works well with both demo and real accounts. The key is not the EA but the settings. Once you use the right settings, then it will surely work well. Simple as that. One more thing, you need to at least have a larger leverage of 1:500 or more, otherwise you would need to reduce your % of risk from 0.1 to either 0.05 or even further for your safety. The lower the leverage, the higher the risks you would have.
 

danny45

New Member
Red Dragon MT5 is one of the best EA that I've tested and I'm still using it today. Therefore I'm willing to share it with you 100% for FREE.

Monthly profits: around 48%
Max. Drawdown: around 26%
Minimum account balance to start: $1000 with a STANDARD account or $100 with a CENT account for your best safety. ECN account is not needed for this EA.
Time frame: M30
Recommended Currency Pair for use: EURUSD (other currency pairs could be more risky)
Minimum testing period: one month or more for your best safety

If you think you like the results of 48% montly profit and low drawdown of 26%, then feel free to download and use it as you wish:) I sincerely pray and hope that this EA will be blessing for you. Thank God that it has been working very well for me. I hope it would work well for you too. Having said however, there is simply no guarantee for any EA, trading tools or investment plans that will work 100% in the long run. All trading and investment do carry risks. Therefore, please do your own research, invest with money that you can afford to lose and make any decision at your own risks. simple as that.

Wish you all the best. Be safe and stay safe. Take good care and may God bless all of you.

Blessings from,
CChong. (18 FEB 2021)
In the above thread attachment, only EA file there and no help file or PDF document provided in the zip file.
 

isaacp

New Member
Red Dragon MT5 is one of the best EA that I've tested and I'm still using it today. Therefore I'm willing to share it with you 100% for FREE.

Monthly profits: around 48%
Max. Drawdown: around 26%
Minimum account balance to start: $1000 with a STANDARD account or $100 with a CENT account for your best safety. ECN account is not needed for this EA.
Time frame: M30
Recommended Currency Pair for use: EURUSD (other currency pairs could be more risky)
Minimum testing period: one month or more for your best safety

If you think you like the results of 48% montly profit and low drawdown of 26%, then feel free to download and use it as you wish:) I sincerely pray and hope that this EA will be blessing for you. Thank God that it has been working very well for me. I hope it would work well for you too. Having said however, there is simply no guarantee for any EA, trading tools or investment plans that will work 100% in the long run. All trading and investment do carry risks. Therefore, please do your own research, invest with money that you can afford to lose and make any decision at your own risks. simple as that.

Wish you all the best. Be safe and stay safe. Take good care and may God bless all of you.

Blessings from,
CChong. (18 FEB 2021)
Can it trade also indexes?
 

cchong

Member
Updates on 22 FEB 2021: I receive messages from a friend who warned me that this EA has some potential risks that needs to be aware of:
If one day the market is moving extremely strong (a parabolic strong move) in one single direction (e.g. keep moving up or down as a strong trend for a long time without correction or retracement), then this EA could potentially fail and your account could get wiped out. For your info, it did happened in last year 2020 somewhere near pandemic season at 9th March 2020, a strong parabolic trend movement occured, as reported by my friend.
Here are just some thoughts by me and my friend just for your info as follow:

1st plan: From my friend
"...my strategy would be put in a capital that is only representing 5% of my whole capital, then hopefully double it as soon as possible (2 months) in your current setting, then take out my capital, and leave the profits to generate 50% then withdraw as soon as possible, and consistently, until 1 day it blows the account, the put in the capital again.."

2nd plan. From me
If I do see such crazy strong parabolic move of trend happen, maybe I would just quickly go and turn off this EA, manually close all the opened trades, and wait it out for maybe a few days before restarting the EA to trade again. Maybe that will help save me from blowing my account.

3. Third plan: maybe this could be your choice?
Don't use this EA at all. Go and look for other EA or any alternative plans that suit you better and could make you feel more safe. Simple as that.

Anyway these are just some thoughts to share with you. Still there is no absolute guarantee that this EA or any EA will 100% surely work well with all market conditions in the long run.

All investments and trading carry risks. Therefore, ONLY invest with money that you could afford to lose. To me, only God is 100% trusted and reliable. He is the source of all good things and He is the reason why I'm making videos and trying to share all good stuff with you.

My thoughts: I'm most grateful for I have received the greatest gift offered by God which is the true freedom and salvation in Jesus Christ. Not only that it's for life but for eternity. No one could take that away from me, not covid-19 or any kind of diseases, not even death. I know that this world is not my home and surely not my final destination. All worries and troubles will be gone one day and there is an eternity home prepared and ready for me. That, is simply the greatest investment that I've found in Jesus. I sincerely pray and hope, that one day you too would find your best investment. Wish you all the best and may God bless you in every aspect of your life.
Blessings, Chong. (22 FEB 2021)
 

cchong

Member
Can it trade also indexes?
Sorry I don't know anything about that. I have zero knowledge on indexes. However, according to what I know it is used only for trading currency pairs and must be used for MT5 platform only and not MT4. Based on what I know, I don't think it can be used for indexes, never heard any recommendations for that. Sorry.
 

cchong

Member
Dear all, just so you know, I'm changing one of my settings which is not to let the EA auto restart again after reaching the 50% profit. I think I would try to wait for the next day or so then restart the mt5 again to start trading. Maybe by doing so that could perhaps help further minimize the risks that was mentioned earlier. Maybe that's the real reason of why there is such a feature in the parameter settings (for further protection?). Well, that's my own choice. Will see what happened then.
 

Davron

New Member
Sorry I don't know anything about that. I have zero knowledge on indexes. However, according to what I know it is used only for trading currency pairs and must be used for MT5 platform only and not MT4. Based on what I know, I don't think it can be used for indexes, never heard any recommendations for that. Sorry.
I am using this on MT4 with no problems.
 

cchong

Member
I am using this on MT4 with no problems.
Really? Well that's the first time I heard about this. Since it's designed to be used for mt5, not sure whether there could be any potential risks or stability issues or not. Anyway wish you the best. Having said so, if possible i would encourage you to stick to the rules for your best safety. I think there could be reason why it is not for mt4 use. Anyway that's only my rough guess. Wish you the best. Be safe and stay safe. God bless.
 

Besson10

New Member
[QUOTE = "cchong, message: 127196, membre: 111185"]
Oui. Le résultat n'est pas différent du compte démo. Cela prouve que cette EA fonctionne bien avec les comptes démo et réels. La clé n'est pas l'EA mais les paramètres. Une fois que vous avez utilisé les bons paramètres, cela fonctionnera sûrement bien. Aussi simple que cela. Une dernière chose, vous devez au moins avoir un effet de levier plus important de 1: 500 ou plus, sinon vous devrez réduire votre% de risque de 0,1 à 0,05 ou même plus pour votre sécurité. Plus l'effet de levier est faible, plus les risques encourus sont élevés.
[/CITATION]
thank you, i will try it and check how many trades per day this robot will do
 

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