EA Black Dragon MT4 — Trend-Entry Grid EA, Dual Risk Mode
EA Black Dragon runs a portfolio backtest across EURAUD, GBPUSD, NZDUSD, and USDCAD showing a 2.99 profit factor and 14.31% peak drawdown from 2021 to early 2023 — a drawdown figure most competing pages in this space do not publish at all. The EA supports two distinct operating modes: a grid-recovery network with up to 10 orders and 1.5x lot progression, or a fixed SL/TP mode for traders who need bounded risk. Developer Ramil Minniakhmetov holds 682 MQL5 reviews and 17,236 demo downloads on this product.
➡️ Vendor website: View here
Key Benefits
- ✅ Dual Risk Mode: Grid-recovery OR fixed SL/TP — same EA, different risk profile per account.
- ✅ Portfolio Backtest: 2.99 profit factor across 4 pairs (2021–2023) — 14.31% drawdown documented, not claimed. Compare EA strategies
- ✅ Overlap Recovery Logic: From order 7 onward, first and last positions close together — reduces average position cost before full-cycle closure.
- ✅ Bounded Entry: Black Dragon indicator color-change trigger with optional stochastic confirmation and max-spread filter — entries only fire when conditions align.
This EA runs on MT4 only. Need MT5 platform support? Browse MT5 EAs
EA Black Dragon Performance
The portfolio backtest covering EURAUD, GBPUSD, NZDUSD, and USDCAD from 2021 through January 2023 produced $1,254,937 total profit across 2,888 trades, with a profit factor of 2.99, 71.43% win rate, and a Sharpe ratio of 0.17. Peak drawdown reached $471,457 — 14.31% of equity at that capital level. A separate live real account on RoboForex-Pro labeled “go to 500k” shows 6,098% return with 45.8% maximum drawdown on GBPCHF — a result that confirms the strategy can compound aggressively, but confirms equal capacity for deep drawdown under sustained adverse conditions.
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| Metric | Result |
|---|---|
| Tracking Period | 2021 – January 2023 |
| Total Profit (Portfolio) | $1,254,937.63 |
| Number of Trades | 2,888 |
| Profit Factor | 2.99 |
| Win Rate | 71.43% |
| Peak Drawdown | 14.31% (portfolio config) |
| Peak Drawdown (aggressive config) | 45.8% – 52.55% (documented separate accounts) |
| Sharpe Ratio | 0.17 |
Risk disclosure — read before configuring: EA Black Dragon breaks when price moves directionally for an extended period without reverting — each new grid order adds correlated exposure at a larger lot size, not diversified exposure. With default settings of 10 maximum orders, 1.5x lot multiplier, and 200-point grid spacing, a sustained 2,000-point adverse move can open a full 10-layer network with the final position sized at approximately 11.4x the initial lot. This weakness is partially controllable: reducing max orders to 5 and lot multiplier to 1.2 limits the worst-case exposure — but the structural grid risk cannot be removed entirely, only sized for. The portfolio backtest at conservative configuration produced 14.31% drawdown; aggressive live accounts show 45.8%–52.55% drawdown at the same strategy with higher leverage. The gap between those two figures is entirely explained by configuration choices — the setting you pick determines which outcome applies to your account.
Backtest environment excludes real-time slippage and spread variance. Demo validation 60+ days before live capital. Portfolio backtest data covers 2021–January 2023 — market structure may have changed. Recent 90-day demo validation mandatory before live deployment.
How EA Black Dragon Works
Mechanism: Trend-entry EA using the Black Dragon indicator color change as the primary signal; enters on trend direction shifts across configurable timeframes and pairs including EURUSD, GBPUSD, EURAUD, NZDUSD, USDCAD, and USDCHF.
Signal Trigger: Black Dragon indicator color change fires entry; optional stochastic filter provides secondary confirmation — default stochastic filter is set false in shipped presets.
Position Close: TP/SL via Live Bar mode; trailing stop activates at 600 points, trails by 100 points; reverse-signal close is available but set false by default; Friday hard cut-off at 22:30.
Exposure Limits: Max 10 buy / 10 sell orders; grid spacing 200 points; lot multiplier 1.5x; max lot 5.0; overlap recovery activates from order 7, closing first and last positions together to reduce average cost before full cycle close.
✅ Optimal conditions: Trending market with clear directional bias • Low spread (ECN/STP) • Hedging account enabled • VPS for 24/5 uptime
⚠️ Avoid when: Sustained one-directional move with no reversion (grid compounds uncontrollably) • High spread or re-quote brokers (execution degrades entry quality)
Recommended Settings
| Specification | Requirement |
|---|---|
| Platform | MT4 (separate MT5 sibling product available) |
| Currency Pairs | EURUSD, GBPUSD, EURAUD, NZDUSD, USDCAD, USDCHF |
| Timeframe | Configurable via TF Black Dragon input; M5–H1 seen in live accounts |
| Minimum Deposit | $500 (conservative config, single pair) |
| Recommended Deposit | $1,000–$2,000 (multi-pair, grid buffer included) |
| Leverage | 1:500 minimum recommended; 1:500–1:2000 seen in live accounts |
| Broker Type | Hedging account; ECN/STP; low spread preferred |
| VPS | Recommended for uninterrupted grid management |
Who Should Use EA Black Dragon
✅ Purchase this EA if you:
- ✅ Have $1,000+ available capital and understand grid-recovery mechanics before deploying
- ✅ Run an MT4 hedging account with a low-spread ECN/STP broker
- ✅ Can maintain a VPS for 24/5 uptime — interrupted grid networks cause open-exposure risk
- ✅ Want a fixed SL/TP mode as an alternative to grid expansion — the EA supports both from one license
✅ Performance verified with:
- ✅ ECN brokers including EXNESS and RoboForex-Pro; leverage 1:500–1:2000
- ✅ Portfolio configuration: $1,000+ capital across EURAUD, GBPUSD, NZDUSD, USDCAD (2021–2023 backtest period)
Product Download Package Includes
- ✅ Expert: EA Black Dragon (.ex4)
- ✅ Presets / set files
- ✅ Product download link sent immediately via email after purchase with installation video tutorial
FAQ
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