Black Dragon Indicator is a trading indicator that was published on the mql5 website in June of 2019. The developer Ramil Minniakhmetov last updated it to version 2.0 in March of 2020 to add faster calculations to the formula.
Overview
Black Dragon is a trend-finding indicator that works with all timeframes on the popular MetaTrader 4 platform. Here are some of its highlights:
-Designed for ease of use, making it an effective tool for beginners, as well as experienced traders.
-Versatile: Can be used independently, or as a filter for any other strategy.
-Built-in support & resistance levels can be used for profit-taking and setting up stop losses, including built-in Fibonacci settings.
-Works with stocks, indexes, oil, and Gold on all timeframes.
-Traders can manage alert settings for more efficient trading.
According to the developer, this indicator works well with another one of his products named EA Black Star Premium. Together, the EA and indicator work in unison to make profitable trades by analyzing market conditions, but traders don’t necessarily have to buy the EA if they would prefer not to.
Service Cost
This indicator can be rented at a low rate of just $10 USD per year. Most indicators cost around $30, so we can’t help but find this price-competitive, even though the lack of buying options is somewhat inconvenient in the long run. On the plus side, the recommended EA that works with this indicator is also available for the same low price of $10 per year, making the combination highly affordable. If you’re interested in testing this indicator, a free demo version is also available.
Conclusion
Black Dragon is a versatile trend-finding indicator that works with all timeframes and a variety of products. More than 500 people have tested the demo version so far, and the indicator has received 60+ comments and a 5-star rating. Here’s what some users had to say about it:
“Black dragon is my favorite indicator. It’s so simple to use, as an experienced trader it helps to make decisions quickly and even for newbies this is probably the single best indicator to start with. You don’t need 24 different indicators on 5-time frames, just keep it simple.” -fxresults
“Spent the weekend backtesting with the demo. Great result. First night live, cost of indicator made several times over. Using 5 minutes chart, it is the perfect filter for my entry strategy. 5 STARS.” -Shannon
These are only a few of many reviews that mention how profitable and useful this product is. Black Dragon Indicator is inexpensive – it can be rented for just $10 a year and traders can tack on the supporting EA for only $10 more. As long as it is used in combination with a good strategy, then everyone has the potential for a positive experience using this helpful trading tool.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/39035
