Black Dragon Robot MT5 – Advanced Forex Trading EA with Smart Risk Control FREE

The download link for the EA is below.
EA Black Dragon runs on the trend indicator. The EA opens a deal by indicator color, then there is the opportunity to increase the network of orders or work with stop loss.
⚙️ Inputs & Parameters Overview
EA Black Dragon offers a wide range of customizable input parameters, allowing traders to fine-tune its behavior for maximum control, safety, and flexibility.
Below is a detailed explanation of each setting and how it affects the EA’s operation.

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Table of Contents

General Settings

🔹 Open New Series (True/False) – Enables or disables the EA’s ability to start a new trading cycle. Set to True if you want the EA to automatically open a new series of orders after the previous one is completed.

🔹 Trade Buy / Trade Sell (True/False) – Choose whether the EA is allowed to open Buy and/or Sell positions. You can activate one direction or both for hedge strategies.

🔹 Manage Manual Orders (True/False) – When enabled, the EA will automatically manage trades opened manually by the user (apply trailing stop, take profit, etc.).

🔹 Use Hedge (True/False) – Activates two-way trading, allowing simultaneous Buy and Sell orders for advanced hedge strategies.

🔹 Order Comment – Add a personalized note or tag to identify trades opened by this EA in the trading history.

🔹 Max Spread (0 = Not Use) – Defines the maximum allowed spread for new entries. This helps avoid entering trades during volatile or widened spread conditions.

🔹 Start Hour / End Hour – Sets the specific hours during which the EA is allowed to trade. Perfect for limiting activity to preferred market sessions.

🔹 Magic Number – A unique identifier that allows the EA to recognize and manage only its own trades without interference from others.

🔹 TF Black Dragon – Select the preferred timeframe for the internal strategy logic or signal filtering.

🔹 Use Stochastic (True/False) – If enabled, the EA will use stochastic indicator settings to confirm entry signals for higher accuracy.

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Black Dragon Trading Control & Risk Management

🔹 Max Buy Orders / Max Sell Orders – Limits the maximum number of Buy or Sell positions that can be opened simultaneously.

🔹 Initial Lot – Defines the starting lot size for the first order in the sequence.

🔹 Auto Lot (True/False) – Enables automatic lot size calculation based on account balance or equity.

🔹 Auto Lot Size – Sets the balance threshold for determining the base lot size when auto lot mode is active.

🔹 Lot Multiplier – Multiplies the lot size for each subsequent order (used in grid or recovery modes).

🔹 Max Lot – Defines the maximum allowable lot size to prevent overexposure.

🔹 Take Profit (0 = Not Use) – Sets the take profit value in pips for each trade or series.

🔹 Stop Loss (0 = Not Use) – Defines the stop loss value in pips for capital protection.

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Black Dragon Advanced Grid & Recovery Settings

🔹 Overlap Last Order (True/False) – When enabled, the first and last orders can close together to offset losses and reduce drawdown.

🔹 Overlap Last Order Number – Determines from which order number the overlap mechanism should begin.

🔹 Overlap Percent – Defines how much profit (in percentage) the last order should generate to recover losses from the earlier trades and add a small gain.

🔹 Pause Between Orders (min, 0 = Not Use) – Sets the minimum time (in minutes) between new order placements, useful for controlling frequency during volatile markets.

🔹 Fix Distance – The fixed distance (in pips) between consecutive orders in a grid or averaging sequence.

🔹 Order Dynamic Distance – Defines from which order the dynamic spacing between orders begins.

🔹 Dynamic Distance Start – Sets the distance between the first order and market price, where the dynamic distance adjustment starts.

🔹 Distance Multiplier – Multiplies the spacing between orders dynamically, allowing wider gaps as the grid expands — useful for volatility control and drawdown management.