In this post I will be reviewing the DragonCell Forex EA fully automated forex trading system developed to run in the free to download MetaTrader 4 trading platform. DragonCell EA is very easy to setup and includes detailed instructions so even beginner traders can be up and running with the EA in just a few minutes.
DragonCell Forex EA Trading Strategy
The DragonCell Forex EA strategy works in both trending and ranging markets. A feature of this EA is that the risk to reward ratio is 1:3 which means that a winning trade is 3 times greater than a losing trade and will thus a losing trade will not wipe out multiple winners.
DragonCell Forex EA Back Testing
Disappointingly there are no back tests on the DragonCell Forex EA website. If the developer has added back tests when you visit the site I would check the modelling quality on them is 99% and that they are using real tick data, real spreads and real commission for the most accurate possible back test results within the MetaTrader 4 strategy tester. This is usually achieved by using the fantastic Birts Tick Data Suite which I can highly recommend for anyone who has an interest in back testing forex robots.
DragonCell Forex EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
DragonCell Forex EA Summary
Overall, I would personally avoid using this particular forex robot. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA.