Dragon Pips EA

The Dragon Pips EA is an automated trading system designed to help traders navigate the fast-paced world of forex trading. With so many EAs on the market, it can be difficult to choose the right one that suits your trading style and objectives. In this review, we will take an in-depth look at the Dragon Pips EA, analyzing its strengths, weaknesses, and suitability for different types of traders. By the end of this review, readers will have a clear understanding of the features, settings, and performance of the Dragon Pips EA, and will be able to make an informed decision about whether or not to use it in their own trading strategy.

Dragon Pips EA Strategy

Dragon Pips is an expert advisor that uses a unique and intelligent trading algorithm to identify trading opportunities. The EA combines price action analysis, technical indicators, and market volatility analysis to determine the best entry and exit points for each trade. It focuses on trading two currency pairs, EURUSD and USDCHF, on any timeframe. The EA also incorporates a sophisticated risk management system that aims to protect profits and minimize losses.

Dragon Pips
Dragon Pips

The lot size of each order does not increase, and the EA does not use the martingale strategy. Instead, it uses a fixed lot size of 0.01 or enables auto-lot calculation based on the account balance. The recommended balance for trading with Dragon Pips is $300. It is important to note that while the EA developer recommends certain settings and brokers, users should always test the EA on a demo account first and use good risk management practices when trading live.

Overall, Dragon Pips is a smart and unique EA that has received mixed reviews from users. Despite the mixed reviews, the use of a well-defined trading strategy that does not rely on risky trading techniques such as the martingale strategy, combined with a strong focus on risk management, makes it worth considering for traders who are looking for an automated trading solution.

Dragon Pips EA Features

  • Intelligent and smart trading strategy
  • Uses a unique trading algorithm based on price action, technical analysis, and market volatility
  • Incorporates a sophisticated risk management system to minimize losses and protect profits
  • Does not use the martingale strategy, so the lot size of each order does not increase
  • Can be used with any timeframe and any currency pair
  • Comes with recommended settings from the developer, including a recommended balance of $300 and recommended pairs of EURUSD and USDCHF
  • Includes an option for auto-lot calculation
  • Compatible with trusted brokers
  • Can be backtested and demo tested before use to ensure it is compatible with individual trading strategies and risk management plans.

Dragon Pips EA Settings

  • Lot size: 0.01 (can be adjusted based on account balance)
  • Trailing stop loss: On/Off (depending on individual risk preference)
  • Use breakeven: On/Off (depending on individual risk preference)
  • Take Profit: Set a reasonable TP based on individual risk and reward preference
  • Stop Loss: Set a reasonable SL based on individual risk preference and the EA’s built-in risk management system
  • Enable Auto Lot (optional) for automatic lot size calculation based on account balance
Dragon Pips EA Settings
Dragon Pips EA Settings

Dragon Pips EA Summary

Dragon Pips is an automated trading solution that uses a unique algorithm based on price action, technical analysis, and market volatility to identify trading opportunities in the forex market. The EA also incorporates a sophisticated risk management system to minimize losses and protect profits.


One of the strengths of Dragon Pips is its trading strategy, which avoids risky techniques such as the martingale strategy. The EA also has a focus on risk management, which is essential in any trading system. Another advantage is its flexibility in terms of the currency pairs and timeframes it can be used with, allowing traders to tailor it to their preferences.

However, the EA has received mixed reviews from users, with some experiencing losses and others making profits. As with any automated trading system, it is important to approach Dragon Pips with caution and apply good risk management settings when demo testing it.

The cost of Dragon Pips is reasonable compared to other EAs on the market. It is suitable for traders who are looking for an automated trading solution that uses a unique trading strategy and incorporates strong risk management. However, as with any trading system, there are no guarantees of profitability, and it is important to test the EA thoroughly before committing real funds to it.

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