Description
EA Black Dragon MT5 v13 is an automated Expert Advisor designed specifically for the MetaTrader 5 (MT5) platform. Built with advanced trend-following logic and dynamic position management, it is optimized for high-volatility instruments like XAUUSD (Gold) as well as major forex currency pairs.
Version 13 introduces a multi-cycle trading architecture, intelligent basket recovery, and customizable execution modes—ranging from strict fixed Stop Loss setups to dynamic smart averaging—giving traders control over execution style and risk parameters.
Core Trading Strategy
Trend Identification: Opens primary positions based on signals from the proprietary Black Dragon trend indicator and dynamic price-action logic.
Filter Integration: Optional Stochastic oscillator confirmation to reduce false breakout entries during sideways price consolidation.
Multi-Cycle Recovery Engine: When a trade moves against the initial entry, the EA deploys calculated recovery orders to average the entry price and close the collective order basket upon reaching total targeted equity profit.
Position Overlap System: Automatically pairs and closes losing initial orders against profitable grid entries, reducing drawdown duration and accelerating account recovery.
Key Features
Dual Execution Modes:
Fixed SL / TP Mode: Standard risk-defined execution using rigid Stop Loss and Take Profit levels for every trade.
Grid / Smart Averaging Mode: Dynamic order network scaling designed to manage and resolve market drawdowns through retracement cycles.
Autolot & Money Management: Dynamic position sizing based on available account balance and leverage.
Time & Session Controls: Customizable start/end trading hours to avoid illiquid market sessions or major economic news events.
On-Screen Dashboard: Live performance tracking displays spread, daily profit/loss counters, equity curve status, and open cycle metrics directly on the MT5 chart.
Hedging Support: Native compatibility with MT5 hedging accounts.
EA Black Dragon MT5 v13 – Setup, Broker Conditions & Testing
For the best chance of evaluating EA Black Dragon MT5 v13 correctly, use the required MetaTrader 5 platform, confirm the supported symbol and timeframe, and review all lot-size, risk and trade-management inputs before enabling automated trading. XAUUSD and supported Forex pairs can be sensitive to spread, slippage, liquidity and execution speed, so results may differ between brokers and account types.
Recommended Broker Links
If you want to compare broker options for automated trading, these are the two partner links also listed on GoldTradingEAs.com:
Affiliate disclosure: These are partner/affiliate links. We may receive a commission if you open an account through a link, at no additional cost to you. Broker availability, regulation, platform support, spreads, commissions and trading conditions vary by country and account type. Review each broker’s current terms and risk information before opening an account.
How to Test EA Black Dragon MT5 v13
- Install the product on MetaTrader 5 and confirm the correct market symbol.
- Review the recommended timeframe and default inputs.
- Check spread, commission, leverage and execution conditions with your broker.
- Backtest where appropriate, then run the system on a demo account.
- Start with conservative risk settings if you later choose to use real funds.
EA Black Dragon MT5 v13 FAQ
What platform does EA Black Dragon MT5 v13 use?
EA Black Dragon MT5 v13 is designed for MetaTrader 5. Confirm that your broker account supports the required platform and symbol before installation.
Should I test it before live trading?
Yes. Demo testing and, where appropriate, historical testing can help you understand trade frequency, risk behavior and broker-specific execution before risking real funds.
Where can I compare similar products?
Browse our MT5 Expert Advisors to compare other automated trading tools, strategies and risk-management approaches.
Trading Risk Notice
Trading Forex, Gold and CFDs involves significant risk. Automated trading software cannot guarantee profits or prevent losses. Backtests, screenshots and historical performance do not guarantee future results. Use appropriate risk management and only trade with funds you can afford to lose.
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