Dragon Scalper Pro EA #004
USD 4,500
One-time Payment
Included
- Dragon Scalper Pro EA #004
- EUR/USD
More details
- Dragon Scalper Pro EA (MT5) – User Guide
- How to Use
- 1. Open the chart of the instrument you want to trade (e.g., EURUSD).
- 2. Select the desired timeframe (recommended: M5).
- 3. Drag DragonScalperPro onto the chart.
- 4. Enable Algo Trading in MT5.
- 5. Adjust the Input Parameters as needed.
- Input Parameters
- Core Strategy
- • BB_Period / BB_Deviation → Bollinger Bands settings (default: 20, 2.0)
- • RSI_Period / Overbought / Oversold → RSI filter for reversal (default: 14 / 70 / 30)
- • ATR_Period / SL_ATR_Mult / TP_ATR_Mult → ATR-based Stop Loss and Take
- Profit multipliers (default: 1.5 & 2.0)
- • Use_Trailing / Trail_ATR_Mult → enables trailing stop using ATR (default: ON,
- multiplier 1.0)
- • Min_ATR_Points → minimum ATR in points; prevents trading in very low volatility
- (default: 0 = disabled)
- Extra Filters
- • EMA Trend Filter (default: ON) → Buy only above EMA200, Sell only below
- • Stochastic Filter (default: OFF) → requires %K/%D crossover from
- oversold/overbought zones
- • MACD Filter (default: ON) → Buy only when histogram > 0, Sell when histogram < 0
- • ADX Filter (default: OFF) → requires ADX strength above threshold (e.g., 20–25)
- Risk & Trade Control
- • Allow_Buy / Allow_Sell → enable/disable trading directions
- • Max_Positions → number of open trades per symbol (default: 1)• Max_SpreadPts → maximum allowed spread in points (default: 30–40)
- • Magic → unique EA ID
- Lot Management
- • Use_RiskPercent = true → calculates lot size based on % account risk
- • Risk_Percent = 1.0 → risk 1% per trade
- • Fixed_Lot → used if RiskPercent = false
- • Min_Lot / Max_Lot → safety limits
- Trade Logic
- • BUY Entry:
- o Previous candle closed below Lower Bollinger Band
- o Current candle closes back above Lower Band
- o RSI crosses up from oversold zone
- o Passes all enabled filters (EMA, MACD, etc.)
- • SELL Entry:
- o Previous candle closed above Upper Bollinger Band
- o Current candle closes back below Upper Band
- o RSI crosses down from overbought zone
- o Passes all enabled filters
- • Exit:
- o Stop Loss and Take Profit are ATR-based
- o Optional ATR trailing stop
- Recommended Settings (EURUSD, M5)
- Core
- • BB_Period = 20
- • BB_Deviation = 2.0• RSI_Period = 14
- • RSI_Overbought / RSI_Oversold = 70 / 30
- • ATR_Period = 14
- • SL_ATR_Mult / TP_ATR_Mult = 1.5 / 2.0
- • Use_Trailing = true
- • Trail_ATR_Mult = 1.0
- • Min_ATR_Points = 5
- Filters
- • Use_EMA_Trend = true (EMA200)
- • Use_MACD = true
- • Use_Stoch = false
- • Use_ADX = false
- Trading Control
- • Max_Positions = 1
- • Max_SpreadPts = 30
- Lot Management
- • Use_RiskPercent = true
- • Risk_Percent = 1.0
- • Min_Lot / Max_Lot = 0.01 / 5.0
- Best Practices
- Use during London & New York sessions when volatility is higher
- Always test in Strategy Tester & Demo account before live trading
- Stick to low-spread pairs (EURUSD, GBPUSD, XAUUSD)
- Avoid trading right before major news releases (NFP, CPI, FOMC)