Dragon Scalper Pro is an Expert Advisor that has been available on the mql5 marketplace since January 8th of 2020. The EA was last updated to version 1.50 in March of 2020. Its developer, Michela Russo, has also published 19 other products on the site.
Overview
Dragon Scalper Pro is an MT4-based trading robot that scans the market looking for the main trend, before entering a trade based on volatility and an “intelligent” algorithm that is designed to detect future trends.
Here are some of its features:
- Works best with the pairs EURUSD, GBPUSD, USDCAD, and NZDUSD on the M5 timeframe, but will also work with other pairs & timeframes
- Any trader whom purchases will receive a free copy of another EA, Eagle Scalper Pro
- Mainly operates during NY and Asian trading sessions
- Fifo compatible
- High resistance to slippage
https://youtu.be/gAYq8bgjMsI
The developer recommends choosing IC Markets or Tickmill as your brokerage, although the EA is compatible with any other broker. Both of the recommended options do offer some benefits, such as high leverages, decent starting deposits, and some low trading costs.
Service Cost
Traders can buy the indicator outright for $115 USD, or rent it at a rate of $85 per month or $105 per year. The developer includes 5 activations with any purchase. In addition to paying the fee for licensing the EA, you’ll also need to make a deposit into your trading account. If you go with IC Markets, as the author suggests, you’ll be able to choose from cTrader, Raw Spread, and Standard account types, all of which are available for a $200 deposit. The other suggested brokerage, Tickmill, offers Pro and Classic accounts for $100 deposits. Since the cost of renting the EA is so high, it might be a better idea to test a free demo account and to buy it outright if you get good results.
Conclusion
Dragon Scalper Pro is a trend-following trading robot that uses market volatility and an intelligent algorithm to execute trades based on predicted future trends. It costs a good bit to rent this EA for a month, so it may be best to purchase it outright. According to other traders, the odds of making a profit using this product is likely, as 145/151 users gave it a 5-star rating.
Here’s what some traders are saying:
“Brilliant, simply brilliant. The best EA I have ever used. Keep up the good work. The EA more than pays for itself.” -bennieblue
“The Robot shows very good results, with minimal drawdown. On the M1 timeframe, Scalper does not make negative transactions in 2020. Very good work.” -rsiaat
“Finding trends and trading true breaks outs is not easy, Thanks for helping the MQL5 community with this great tech” -mav1
After checking out all of the positive reviews, it’s pretty safe to say that this EA is a reliable choice. It is compatible with multiple timeframes, pairs, etc., but likely works best when the author’s recommendations are followed. As long as you practice effective risk management and exercise caution deviating from its intended use, then this EA has the potential to be very profitable.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/45197
