Name: Dragon Gold EA V2.0 MT4 - Free Download
Price: 30.00 USD
Availability: InStock

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Dragon Gold EA V2.0 MT4: Unleashing Profit Potential

Dragon Gold EA V2.0 MT4 is an expert advisor (EA) designed to trade the XAUUSD (Gold) currency pair. With its sophisticated algorithm, it aims to capitalize on market movements and deliver consistent profits. Let’s dive into the details:

Recommended Settings

Minimum Deposit: $500
Timeframe: M15 (15-minute chart)
Currency Pair: XAUUSD (Gold against the US Dollar)

Strategy

Trend Identification:
The EA identifies the prevailing trend using moving averages (e.g., 50-period and 200-period moving averages).
It confirms the trend direction by analyzing price patterns and candlestick formations.
Buy (Long) Trade:
When the 50-period moving average crosses above the 200-period moving average, signaling an uptrend, the EA looks for bullish price patterns.
It enters a long trade when specific conditions align (e.g., bullish engulfing pattern, hammer, or other reversal patterns).
Sell (Short) Trade:
Conversely, when the 50-period moving average crosses below the 200-period moving average, indicating a downtrend, the EA seeks bearish price patterns.
It enters a short trade based on bearish signals (e.g., shooting star, evening star, or other reversal patterns).

Dragon Gold EA V2.0

Risk Management:
The EA calculates an appropriate position size based on account balance and risk percentage.
It sets stop-loss and take-profit levels to manage risk and protect capital.
Exit Criteria:
The EA monitors price movement and adjusts stop-loss levels as the trade progresses.
It exits trades when the opposite signal occurs (e.g., if in a long trade, it exits when a bearish reversal pattern forms).
Avoiding News Events:
The EA checks economic calendars to avoid trading during major news releases or high-impact events.
It temporarily suspends trading around critical announcements to prevent unexpected volatility.