DRAGON SCALPER Alnotrade 1.2 with and without dll

DRAGONSCALPER – THE GBPJPY EMPEROR

What is Dragon and How does it trade?

Dragon is an EA (Expert Advisor) specially designed for the GBPJPY cross rate using MT4 Platform Technology.

Historically, this cross rate has been nicknamed “Geppy” or “Dragon”.

Dragon uses fixed stop loss and take profit levels combined with trailing stop function.

The dragon starts to trade from around 800am GMT and ends at 9pm GMT. ​

The GBPJPY is typically known for its screaming volatility, and high ADR (average daily range).

This makes it a perfect candidate for day trading, with excellent trading opportunities arising daily.

Dragon will take this opportunity to take advantage of the swift movements and profit to the max.

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DRAGON SCALPER Alnotrade 1.2 with and without dll

Key Trading Logic:

Dragon works on the M15 Chart of the GBPJPY pair- (15 Minute) Timeframe. It will place orders at specific support and resistance levels using 3 different charts.

The trading window is from 8 am UK time to 5 pm UK time, it will not open a position outside these hours, but may carry over a trade into late US time. It wont hold into Asia Trading session. DragonScalper has a superb win rate over 70% and can demonstrate clear trading prowess in all market conditions which lends to excellent monthly returns with controlled drawdown. DragonScalper has been backtested in both 5 and 10 year models with 99% quality and performs admirably in long range tests using same trade settings, ensuring a system with trading longevity and historical robustness.

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Trade is managed by fixed stop loss and take profit on every trade (circa 25 pips) and uses trailing stop exit. As Dragon uses support and resistance levels for determining the entry points, Dragon can be classified as a breakout trader as opposed to indicator generated signals, Dragon trades are exclusively governed by price action, not price “reaction”.​

Minimum lot size is 0.01 ($1K) and client can start trading with €200 account.

To the right is merged backtest reports from the 3 chart setup that dragon uses. For individual chart 1,2 & 3 backtests can be found on our myfxbook profile: https://www.myfxbook.com/members/AlnoTrade

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If you look under the strategies section you will see Chart 1,2 & 3 for dragon.