Fire Dragon EA

Features of Fire Dragon EA

The Fire Dragon EA is a multi-currency Expert Advisor designed to facilitate safe trading in Forex. This software offers compatibility with most currency pairs, thus providing traders with a broad spectrum of trading possibilities.

Financial Requirements for Safe Trading

For optimal trading safety, it is recommended that a trader’s account should have a minimum balance. For a cent account, the minimum requirement is $50, while for a classic account, the threshold is set at $5000. These minimums ensure that traders have enough buffer to absorb any unforeseen market fluctuations.

Compatibility and Time Frame

Fire Dragon EA is designed to operate on a 15-minute timeframe (M15). This specific timeframe is chosen to balance the need for high-frequency trading and the ability to react to market changes in a timely manner.

Key Parameters of Fire Dragon EA

Fire Dragon EA operates based on several parameters. One such parameter is the ‘Distance’, which dictates the minimum space between orders, specifically if the first order is not profitable. This is followed by ‘LotStart,’ which sets the initial lot size for trading.

Another important parameter is ‘Minimum distance between orders’, which sets the minimum distance required to open the first order relative to closing a positive order. The ‘Trendheight’ and ‘Trendlength’ parameters define the height and length of the trend, respectively.

‘Martin’ is the multiplication factor, which adjusts the size of the trading position based on the market’s volatility. ‘Profit_of_the_first_order’ and ‘Total_profit’ represent the profit of the first order and total profit for a losing first order, respectively.

Independent Testing and Updates

For prospective users interested in the performance of Fire Dragon EA, independent testing of the software is available on forexroboteasy.com. Additionally, users can subscribe to updates on the results of testing this product, thus staying informed about its efficiency and reliability.

FAQ Section

What is the Fire Dragon EA?

Fire Dragon EA is a multi-currency Expert Advisor, a type of automated Forex trading software that facilitates safe and efficient trading.

What is the recommended account balance for using Fire Dragon EA?

The recommended minimum balance is $50 for a cent account and $5000 for a classic account.

What is the operating timeframe for Fire Dragon EA?

The software operates on a 15-minute timeframe (M15).

How can I stay updated on the performance of Fire Dragon EA?

Forexroboteasy.com offers independent testing results of Fire Dragon EA. Users can also subscribe to updates on the results of this testing.

It is always encouraged for readers to share their experiences using Fire Dragon EA. This helps to provide a real-world perspective on the software’s performance and effectiveness. However, bear in mind that this is an independent product review, and any experiences shared may vary from trader to trader.