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FLEXY THE DRAGON EA is an advanced Expert Advisor (EA) specifically designed for the MetaTrader 4 (MT4) platform. It caters to forex traders looking to automate their trading strategies, providing a seamless and efficient way to execute trades without constant manual intervention. This EA is particularly beneficial for beginner traders, offering an intuitive and user-friendly solution to some of the most common challenges faced in the forex market, such as continuous monitoring of trade opportunities.
Original price: $299
Content: Expert: Flexy The Dragon v2.7.ex4 (Unlocked for MT4 Build 1420+), UserGuide: Flex Dragon.doc
Key Takeaways
FLEXY THE DRAGON EA offers several advantages, making it a valuable tool for traders of all experience levels:
- Automates Trading on Major and Minor FX Pairs: The EA effectively trades on popular currency pairs such as EURUSD, USDCHF, GBPUSD, USDJPY, EURGBP, and EURJPY.
- Market Order Execution with Trailing Stop: This EA ensures that all trades are executed as market orders while employing a trailing stop to manage risks and protect profits.
- One-Click Management: The EA simplifies trade management through hot buttons, allowing traders to stop cycles, realize profits, or close all positions with a single click.
- Indicator Compatibility: FLEXY THE DRAGON EA works with almost any indicator, including Bollinger Bands, RSI, Stochastics, and CCI, offering great flexibility in strategy customization.
- Risk Management Features: The EA includes built-in settings for equity warning and cycle equity risk, offering effective protection against large drawdowns and helping traders manage their risk efficiently.
Key Features
User-Friendly Interface:
FLEXY THE DRAGON EA is designed with simplicity in mind. Its interface includes intuitive hot buttons that enable quick actions, such as stopping trading cycles or closing open positions, making it accessible to beginners who may not be familiar with complex trading systems.
Flexible Indicator Integration:
The EA allows traders to integrate up to three additional indicators, enabling them to develop highly customized strategies. Whether you use Bollinger Bands, RSI, or any other technical indicator, this EA can adapt to your preferred approach.
Profit Visualization:
Traders can easily monitor their performance, as the EA displays profits directly on the trading chart, providing instant feedback on how their trades are performing.
Advanced Grid Management:
Features such as Profit Reducing and Grid Outscaling help traders manage open positions effectively, ensuring that profits are locked in while managing the risk of overexposure to the market.
Risk and Recovery Settings:
FLEXY THE DRAGON EA comes equipped with customizable settings for equity risk management and recovery strategies, giving traders more control over their capital and reducing the impact of losing trades.
FLEXY THE DRAGON EA Setup & Recommendations
- Platform: MetaTrader 4 (MT4)
- Currency Pairs: The EA is optimized for major currency pairs such as EURUSD, USDCHF, GBPUSD, USDJPY, and larger minors like EURGBP and EURJPY.
- Timeframe: This EA can be used on any timeframe, although it is often optimized for specific trading strategies.
- Minimum Account Balance: To ensure optimal performance, a minimum deposit of $5,000 is recommended.
- Preset: The EA is customizable to suit the user’s strategy preferences, allowing for a tailored trading experience.
- VPS (Virtual Private Server): A VPS is highly recommended to keep the EA running continuously, ensuring that it can execute trades around the clock without interruptions.
- Broker: It is advised to choose a broker that offers low spread and minimal slippage for the best possible trading conditions.
Conclusion
FLEXY THE DRAGON EA offers a powerful, flexible, and user-friendly solution for automating forex trades on the MetaTrader 4 platform. With its advanced trading features, including integration with popular indicators, trailing stop functionality, and customizable risk management settings, this EA is an excellent choice for both beginners and seasoned traders. By automating market entries, risk management, and grid strategies, this EA allows traders to focus on refining their overall trading approach while letting the software handle the complexities of trade execution.
