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The Ambitious Dragon EA, a forex software designed specifically for EURUSD trading, adopts a mixed strategy approach. This Expert Advisor (EA) incorporates hedging logic along with calculated win and loss rates, an approach that empowers the software to make informed decisions on trade openings. By using a mixed strategy, the EA can potentially yield significant drawdowns (DD) if used aggressively or better DD in a safer mode.
Minimum Deposit and Settings
Initiating trading with the Ambitious Dragon EA requires a minimum deposit of $3000. The software operates with a series of settings that traders can adjust according to their risk tolerance and trading objectives. Among the key settings is the MIX TRADES option, which allows for alternating buy and sell trades. Other notable settings include fixed lot size, auto risk, and trading time start and end.
Martingale Strategy
The EA also includes a martingale mode that can be turned on or off, offering traders the chance to increase their lot size following a loss, potentially facilitating a quick recovery. However, this feature should be used with caution due to the inherent risk associated with the martingale strategy.
Trade Management and Withdrawal Strategy
Ambitious Dragon EA offers a unique feature, -WIN-USD, which allows traders to automatically close all open trades when their equity reaches a certain percentage. This feature can be especially useful in managing risk and securing profits. The software advises traders to withdraw profits after every 50% gain on equity or every 100% gain, adding an additional layer of risk management to the trading process.
Recommended Trading Conditions
For optimal performance, it is recommended to use a 0.01 lot size and avoid the martingale strategy. The EA works best with raw spread accounts having a maximum of 2 pips spread on EURUSD and using a Virtual Private Server (VPS).
Independent Testing and Updates
Prospective users may view independent testing of the Ambitious Dragon EA on forexroboteasy.com. Subscriptions for updates on the testing results for this product are also available.
FAQ
What is the minimum deposit for the Ambitious Dragon EA?
The minimum deposit to start trading with this EA is $3000.
Does the Ambitious Dragon EA use a Martingale strategy?
Yes, the software has a Martingale mode that can be turned on or off as per the trader’s preference.
Can I test the Ambitious Dragon EA independently?
Yes, independent testing of this product is available on the forexroboteasy.com website.
Traders who have used the Ambitious Dragon EA are encouraged to share their experiences. Remember, this is an independent product review, and your feedback can help other traders make informed decisions.
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