EA Black Dragon Review

EA Black Dragon runs on the Black Dragon indicator. The EA opens a deal by indicator color, then there is the opportunity to increase the network of orders or work with stop loss.

EA Black Dragon screen


  • Open new series – True/False – EA will open another series of orders (enable/disable)
  • Trade Buy – True/False – EA will buy or not buy (enable/disable)
  • Trade Sell – True/False – EA will sell or not sell (enable/disable)
  • Manage manual orders – True/False – If true EA will manage manual orders (enable/disable)
  • Use hedge – True/False – EA will hedge (buy and sell)
  • Order Comment – Type in comment of your choice
  • Max spread (0-not use) – Maximum spread allowed
  • Start Hour – the hour that the EA will start trading
  • End Hour – the hour that the EA will stop trading
  • Magic – the number for the EA to recognize it’s own positions
  • TF Black Dragon – choose time frame from selection
  • Use stochastic – True/False – if True EA will use stochastic settings below to enter trades
  • Max buy orders – Maximum buy orders allowed
  • Max sell orders – Maximum sell orders allowed 
  • Initial Lot – Start lot 
  • Autolot – True/False – enable/disable auto lot calculation 
  • Autolot size – Amount of the deposit on which start lot is to be used when auto lot is True 
  • Lot multiplier – Lot multiplier for subsequent orders 
  • Max Lot – Maximum lot size that can be opened by EA 
  • TP (0-not use) – Take profit in pips 
  • SL (0-not use) – Stop loss in pips 
  • Overlap last order – True/False – The first and last order will close together and cancel each other out to reduce draw down (enable/disable) 
  • Overlap last order number – At what order number will the overlap start? 
  • Overlap percent – The percentage profit after first order will close in loss and last order will close in profit, recovering the loss plus X percent 
  • Pause between orders (min 0 – not use) – Amount of minutes to pause between orders
  • Fix distance – The distance between orders
  • Order dinamic distance – From which order will the dynamic distance begin (number)
  • Dynamic distance start –This value sets the distance between first order and market price, where the dynamic distance will begin 
  • Distance multiplier – The multiplier factor for increasing distance between orders

Expert Advisor backtest

EA Black Dragon back test

EA Black Dragon reviews

EA Black Dragon Reviews

Conclusion for this robot

EA Black Dragon is what we call a no brainer for those traders that want to boost their trading skills. Absolute value for money. This developer is cleary a trading addict considering how much he offers for such little money. Only critical point would be that although this robot is cheap, it comes with a pretty steep learning curve. However, so many positive reviews don’t lie. We highly recommend this EA. 
EA Black Dragon logo

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Risk warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results. Currency trading involves high risk and you can lose a lot of money.

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