EA Black Dragon MT4 & MT5 vs SetFiles (Original version)

What is EA Black Dragon?

EA Black Dragon is a fully automated trading tool (Expert Advisor) that operates based on trend indicators, opening and closing trades according to indicator color changes. Whenever the indicator changes color (e.g., from red to green), the EA recognizes this as a trend reversal and enters a corresponding buy or sell trade.

Version: New Version
The Right Platform: Meta Trader 4 (MT4), Meta Trader 5 (MT5)
Our Telegram Team: Join now
Our Youtube Channel: Click here

Vendor: Click

About the author

Ramil Minniakhmetov is an author with over 11 years of experience working on the MQL5 platform. He has developed several products, including Gold Dragon Bot, Hamster Scalping, and BTC Bot MT4. His most outstanding product is called EA Black Dragon.

EA Black Dragon Review

1. EA Black Dragon Live Trading Results:

The EA is running on a real account with a target of 500k USD. As you can see, the peak profit growth has reached 6000%.

✅Profit trades: 67.2%

✅Loss trades: 32.8%

✅Trading pair: GBPCHF

2. EA Black Dragon Backtest Results:

EURAUD, GBPUSD, NZDUSD, and USDCAD. With a Compound Annual Growth Rate (CAGR) of 182.56%,
EA Black Dragon demonstrates impressive portfolio performance.

3. User Reviews and Feedback:

EA Black Dragon Setting

🔧 Basic Parameters

• New Cycle: true
  → Starts a new trading cycle when conditions are met.

• Trade Buy: true
  → Enables buying positions.

• Trade Sell: true
  → Enables selling positions.

• Manage manual orders: false
  → The EA will not manage manually placed trades.

• Initial Lot: 0.01
  → Starting trade lot size.

• Lot Multiplier: 1.5
  → Used for grid/martingale; each new trade increases lot size by this factor.

• Autolot: false
  → Fixed lot size used; lot doesn’t change based on balance.

• Autolot Size: 1000
  → If Autolot = true, 0.01 lot per $1,000 balance.

• Distance: 200
  → Minimum points between grid orders.

• Max Lot: 5.0
  → Caps maximum trade lot size.

• Max Buy Orders: 10
  → Maximum number of buy trades opened.

• Max Sell Orders: 10
  → Maximum number of sell trades opened.

📈 Trade Management

• Take Profit (Points): 100
  → Take profit in points. (Set 0 to disable)

• Option Take Profit: Live Bar
  → Use indicator signal (Live Bar) for closing trades.

• Stop Loss (Points): 0
  → Hard stop loss in points. (0 = disabled)

• Option Stop Loss: Live Bar
  → SL based on indicator signal.

• Trail Start Points: 600
  → Trailing stop starts after 600 points in profit.

• Trail Distance Points: 100
  → Distance for trailing stop.

• Close from Reverse Signal: false
  → EA won’t close trades when the trend reverses.

• Max Spread (0 = not used): 200
  → Avoids trading if spread > 20 pips (20.0 in 5-digit brokers).

🕒 Trading Time

• Start Hour: 0

• End Hour: 0
  → No time filter if both = 0.

• End Time Friday: 22:30
  → Closes trades on Friday at 22:30 (server time).

📊 Display Options

• Show Buttons Close: true
  → Enables close buttons on chart.

• Show Statistic: true
  → Displays EA performance info on chart.

• Overlap Last Order: true
  → Allows order overlap logic.

• Overlap Last Order Number: 7
  → Used for overlap logic (advanced users).

• Overlap Percent: 1
  → Determines how much of the last trade must be recovered.

🔒 Technical Settings

• Magic EA: 1111
  → Unique ID for trade tracking. Important when running multiple EAs.

• Draw on/off: true
  → Enables chart drawing for visual signals.

• FontSizeMark: 15

• FontNameMark: Arial

• Text/Background Colors: Customizable display options.

🐉 Black Dragon Indicator Settings

• TF Black Dragon: current
  → Uses the current chart’s timeframe for the Black Dragon indicator.

• Use stochastic: false
  → Stochastic filter disabled.

• TF (Timeframe for Stochastic): current
  → Irrelevant since stochastic is off.

In the Downloads folder, there are:

1. Experts:

✅ EA Black Dragon_fix_.ex4
✅ EA Black Dragon_fix_.ex5

2. Presets:

✅ EA_Black_Dragon_mt4_audcad_m15.set
✅ EA_Black_Dragon_mt4_audusd_m15.set
✅ EA_Black_Dragon_mt4_chfjpy_3digits_m15.set
✅ EA_Black_Dragon_mt4_eurcad_m15.set
✅ EA_Black_Dragon_mt4_eurusd_m15.set
✅ EA_Black_Dragon_mt4_gbpaud_m15.set
✅ EA_Black_Dragon_mt4_gbpnzd_m15.set
✅ EA_Black_Dragon_mt4_gbpusd_m15.set
✅ EA_Black_Dragon_mt4_nzdusd_m15.set
✅ EA_Black_Dragon_mt4_usdcad_m15.set
✅ EA_Black_Dragon_mt4_usdchf_m15.set
✅ EA_Black_Dragon_mt4_usdjpy_3_digits_m15.set
✅ EA_Black_Dragon_mt4_xauusd_2_digits_m15.set
✅ EA_Black_Dragon_mt4_xauusd_3_digits_m15.set

>>> Reviewed by Micheal Elliot

Conclusion

EA Black Dragon is a flexible and powerful Expert Advisor (EA), designed for traders seeking both precision and high performance. Developed by expert Ramil Minniakhmetov, this EA uses a trend-following strategy, supports grid-style trading, and offers customizable risk management—making it suitable for both beginners and professional investors.