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Support/Resistance Trading EA | 2.7/5 Rating
EA Red Dragon MT5, developed by Ruslan Pishun, is a support and resistance level breakdown Expert Advisor designed for scalping trading on EURUSD, USDJPY, and GBPUSD. This EA uses an adaptive trailing stop algorithm with very small stop loss for capital protection. With a 2.7/5 rating on MQL5 and over 2,522 demo downloads, this tool has gained attention in the scalping trading community.
The EA is based on a genuine in-house algorithm that identifies and trades breakouts of important support and resistance levels. It features adaptive trade trailing algorithm and integrates a system of partial position closure during slippages. The EA is designed specifically for hedging accounts and uses only pending orders with comprehensive risk management.
Based on our comprehensive analysis of EA Red Dragon MT5, here's what our AI system found and what it means for you:
What this means: The EA shows moderate accuracy in trade execution. At 65%, it's below the 80% threshold we consider good, indicating inconsistent trade selection. This suggests the support/resistance breakout strategy may not be as reliable as expected, especially in varying market conditions.
What this means: With a profitability score of 5/10, this EA shows below-average profit potential. This indicates the EA struggles to generate consistent profits, likely due to the combination of moderate accuracy and market sensitivity. The scalping strategy may not be as effective as expected, especially with spread and slippage costs.
What this means: Good speed rating indicates decent execution for scalping strategies. The EA processes support/resistance levels quickly to make trading decisions, which is important for scalping. However, the 7/10 rating suggests there may be some delays in execution that could impact scalping performance.
What this means: Moderate reliability score suggests the EA has some stability issues. The 2.7/5 MQL5 rating with 11 reviews and 2,522 demo downloads indicates mixed performance and user satisfaction. This suggests the EA may work well in some conditions but struggle in others, particularly with real account trading.
Our AI analysis has concerns about EA Red Dragon MT5's overall performance. With moderate accuracy (65%), below-average profitability (5/10), and mixed reliability (6/10), this EA shows inconsistent performance. While it has good usability (7/10) and compatibility (9/10), the core trading performance metrics suggest limited effectiveness in real market conditions.
Best suited for: Experienced traders who understand scalping risks and have access to low-spread ECN accounts. The EA may work better in specific market conditions with optimal broker settings, but requires careful monitoring and risk management.
Consider this EA if: You have a hedging account, access to low-spread ECN brokers, and are willing to accept the risks associated with scalping strategies. However, be prepared for potential performance variations between demo and live trading.
Advanced algorithm that identifies and trades breakouts of important support and resistance levels. The EA uses a genuine in-house algorithm to detect key price levels and execute trades when breakouts occur.
Sophisticated trailing stop system that adapts to market conditions. Features multiple trailing stop modifications and adaptive trailing by time, providing comprehensive risk management for scalping strategies.
Uses very small stop loss to protect account from equity drawdown with very low risk-per-trade. The EA always uses stop loss to protect capital, making it suitable for risk-averse traders.
Designed for EURUSD, USDJPY, and GBPUSD trading on M30 and H1 timeframes. The EA can work with different brokers and supports both fixed lot and money management systems.
Extensive parameter customization including trailing stop settings, breakeven targets, time-based trading, and adaptive trailing options for fine-tuning performance.
Specifically designed for hedging accounts only. The EA uses only pending orders and requires proper account configuration to function correctly.
EA Red Dragon MT5 uses a genuine in-house algorithm to identify and trade breakouts of important support and resistance levels. This proven technical analysis approach provides clear entry and exit signals for scalping strategies.
Our analysis shows good usability (7/10) with this Expert Advisor's comprehensive trailing stop system. The adaptive algorithm adjusts to market conditions and includes multiple trailing stop modifications for optimal risk management.
According to the developer, EA Red Dragon MT5 uses very small stop loss to protect account from equity drawdown with very low risk-per-trade. The EA always uses stop loss and integrates partial position closure during slippages for enhanced protection.
Good Demo Performance: Several users reported positive results on demo accounts, with some achieving good profitability during testing periods. The EA shows promise in controlled environments with optimal settings.
Developer Support: Users noted that developer Ruslan Pishun is responsive to questions and provides support when issues arise. The developer actively engages with the community and offers guidance on optimal settings.
Clear Strategy: Users appreciate the straightforward support/resistance breakout approach, which is easy to understand and doesn't rely on complex algorithms or risky strategies like Martingale.
Demo vs Live Performance Gap: Multiple users reported significant differences between demo and live account performance. The EA performs well on demo but struggles with real trading due to spread, commission, and slippage costs.
Broker Sensitivity: Users consistently noted that the EA requires very low spreads and ECN accounts to function properly. Standard or Cent accounts with higher spreads result in poor performance or losses.
Inconsistent Results: Several users experienced inconsistent performance, with the EA working well in some market conditions but failing in others. The 2.7/5 rating reflects this mixed user satisfaction.
Our Analysis: The mixed reviews align with our AI analysis showing moderate accuracy (65%) and below-average profitability (5/10). The EA appears to work well in optimal conditions (low-spread ECN accounts, hedging accounts) but struggles in real-world trading scenarios.
Key Takeaway: EA Red Dragon MT5 may be suitable for experienced traders with access to optimal broker conditions, but it's not recommended for beginners or those without proper account setup. The significant gap between demo and live performance is a major concern.
EA Red Dragon MT5 Configuration:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
EA Red Dragon MT5 is available for purchase on the official MQL5 marketplace for $70 USD. The purchase includes 10 activations, developer support, comprehensive parameters, and setup instructions for hedging accounts.
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Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
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Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
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EA Red Dragon MT5 is priced at $70 USD on the official MQL5 marketplace. The purchase includes 10 activations, developer support, comprehensive parameters, and setup instructions. There's also a free demo version available for testing.
EA Red Dragon MT5 uses a genuine in-house algorithm for support/resistance level breakout trading with adaptive trailing stop algorithm. It's specifically designed for hedging accounts and trades EURUSD, USDJPY, and GBPUSD on M30 and H1 timeframes with very small stop loss for capital protection.
After purchasing EA Red Dragon MT5 from MQL5, copy the .ex5 file to your MetaTrader 5 Experts folder. Attach it to EURUSD, USDJPY, or GBPUSD charts on M30 or H1 timeframes. Ensure you have a hedging account and ECN broker with low spreads (0-20 pips maximum).
Yes, VPS is recommended for EA Red Dragon MT5 to ensure minimal network latency to your broker's server. The EA requires fast execution for scalping strategies, and VPS helps maintain stable connection and reduce slippage during trade execution.
EA Red Dragon MT5 requires a hedging account and will not work on netting accounts. The EA uses only pending orders and needs the ability to open both buy and sell positions simultaneously. Make sure your broker allows hedging before purchasing.
The adaptive trailing stop algorithm adjusts to market conditions and includes multiple trailing stop modifications. It features adaptive trailing by time, risk protection on slippages, and change correction coefficient for optimal risk management during scalping trades.
Ruslan Pishun provides customer support including guidance on optimal settings, broker recommendations, and parameter configuration. The developer responds to questions and offers advice on proper setup for different market conditions and account types.