DragonFire EA (Free Download)
DragonFire EA is a powerful automated trading tool for MetaTrader 4 that identifies profitable trading opportunities using advanced algorithms and trend-following strategies. It features sophisticated money management, customizable settings, and works effectively with major currency pairs. Whether you’re new to trading or experienced, this expert advisor aims to optimize your trading with minimal effort while keeping risks under control.
DragonFire EA represents a next-generation trading solution designed to eliminate emotional trading while maximizing efficiency in the forex market. The system works as a trend-following tool that can be used for both swing trading and scalping strategies. Developed with sophisticated algorithms, this EA identifies high-probability trading opportunities by analyzing price action and market trends.
How It Works
DragonFire EA operates on a trend-following system that identifies market direction based on candlestick patterns. The EA looks for corrections or continuations within established trends, then executes trades accordingly. Its core strategy combines two main approaches:
- Trend identification: The system analyzes candlestick patterns to determine the prevailing market direction.
- Trade execution logic: Depending on your settings, DragonFire can either:
- Look for corrections after a specified candle count (when reverse trade is set to “False”)
- Continue to follow the signal according to the candle count (when reverse trade is set to “True”)
The EA incorporates intelligent filtering to minimize false entries, ensuring higher accuracy with your trades. It also features dynamic parameter adjustment based on current market conditions, which helps reduce unnecessary trades while maximizing efficiency.
Key Features
Available Timeframes:
- High-risk settings: M1 to M15
- Medium-risk settings: M30 to H1
- Recommended for optimal results: M5 and M15
- Recommended Currency Pairs: XAUUSD (Gold), EURUSD, GBPUSD and other major pairs
- Not sensitive to spread or slippage
- Advanced money management strategies
- Trailing stop functionality to lock in profits
- Dynamic risk-reward balancing
- Fully customizable parameters to match your trading style
The download package of the product includes:
- Indicators: EA TRADER DRAGON FIRE.ex4
- Installation Guide from forex-hacked.com
Conclusion
DragonFire EA for MT4 offers traders a sophisticated automated solution that combines trend-following strategies with advanced risk management techniques. Its ability to identify key support and resistance levels while confirming momentum makes it a powerful tool for capturing profitable market moves. The EA’s flexibility allows it to be customized for different risk tolerances and trading styles, making it accessible to a wide range of traders.
Contact me: trent@trentbaxter.com
My tests confirm Xau on m15 is the best for it